PROGRESO HR SOFTWARE: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PROGRESO HR SOFTWARE
Largest movements
- Cash -€323,054
down €323,054 (-55.5%), from €582,173 to €259,118
mainly Accrued charges and deferred income (-€407,316) and Investment in fixed assets (net) (-€150,840)
- Receivables within one year -€170,268
down €170,268 (-25.8%), from €661,035 to €490,767
of which Trade receivables: -€207,832
- Intangible fixed assets +€58,889
up €58,889 (+28.1%), from €209,385 to €268,274
- Accrued charges and deferred income -€407,316
down €407,316 (-43.8%), from €929,221 to €521,905
- Profit (loss) carried forward +€113,713
up €113,713 (+630.0%), from €18,050 to €131,763
- Tax, wage and social debts -€112,719
down €112,719 (-55.6%), from €202,788 to €90,069
of which Taxes: -€115,143
- Trade debts -€36,464
down €36,464 (-27.1%), from €134,702 to €98,238
- Gross operating margin +€172,375
up €172,375 (+43.9%), from €392,909 to €565,284
- Staff costs +€85,242
up €85,242 (+40.0%), from €213,158 to €298,400
- Taxes +€53,291
up €53,291 (+9867.0%), from €540 to €53,831
- Depreciation +€22,772
up €22,772 (+35.4%), from €64,405 to €87,177
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,484,762 | €1,048,911 | -€435,851 | -29.4% |
| Fixed assets | 21/28 | €226,384 | €290,046 | +€63,663 | +28.1% |
| Intangible fixed assets | 21 | €209,385 | €268,274 | +€58,889 | +28.1% |
| Tangible fixed assets | 22/27 | €5,399 | €1,672 | -€3,727 | -69.0% |
| Furniture and vehicles | 24 | €5,399 | €1,672 | -€3,727 | -69.0% |
| Financial fixed assets | 28 | €11,600 | €20,100 | +€8,500 | +73.3% |
| Current assets | 29/58 | €1,258,378 | €758,865 | -€499,513 | -39.7% |
| Amounts receivable after more than one year | 29 | €9,636 | €4,804 | -€4,832 | -50.1% |
| Other amounts receivable | 291 | €9,636 | €4,804 | -€4,832 | -50.1% |
| Amounts receivable within one year | 40/41 | €661,035 | €490,767 | -€170,268 | -25.8% |
| Trade receivables | 40 | €661,035 | €453,203 | -€207,832 | -31.4% |
| Other amounts receivable | 41 | - | €37,564 | +€37,564 | |
| Cash at bank and in hand | 54/58 | €582,173 | €259,118 | -€323,054 | -55.5% |
| Deferred charges and accrued income | 490/1 | €5,534 | €4,175 | -€1,358 | -24.5% |
| Total equity and liabilities | 10/49 | €1,484,762 | €1,048,911 | -€435,851 | -29.4% |
| Equity | 10/15 | €218,050 | €338,698 | +€120,648 | +55.3% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | - | €6,935 | +€6,935 | |
| Non-distributable reserves | 130/1 | - | €6,935 | +€6,935 | |
| Legal reserve | 130 | - | €6,935 | +€6,935 | |
| Profit (loss) carried forward | 14 | €18,050 | €131,763 | +€113,713 | +630.0% |
| Amounts payable | 17/49 | €1,266,712 | €710,213 | -€556,499 | -43.9% |
| Amounts payable within one year | 42/48 | €337,490 | €188,307 | -€149,183 | -44.2% |
| Trade debts | 44 | €134,702 | €98,238 | -€36,464 | -27.1% |
| Suppliers | 440/4 | €134,702 | €98,238 | -€36,464 | -27.1% |
| Taxes, remuneration and social security | 45 | €202,788 | €90,069 | -€112,719 | -55.6% |
| Taxes | 450/3 | €172,560 | €57,416 | -€115,143 | -66.7% |
| Remuneration and social security | 454/9 | €30,229 | €32,653 | +€2,424 | +8.0% |
| Accrued charges and deferred income | 492/3 | €929,221 | €521,905 | -€407,316 | -43.8% |
| Non-recurring operating income | 76A | €4,471 | - | -€4,471 | |
| Remuneration, social security and pensions | 62 | €213,158 | €298,400 | +€85,242 | +40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,405 | €87,177 | +€22,772 | +35.4% |
| Other operating charges | 640/8 | €3,784 | €4,494 | +€709 | +18.7% |
| Non-recurring operating charges | 66A | €8,613 | - | -€8,613 | |
| Gross operating margin | 9900 | €392,909 | €565,284 | +€172,375 | +43.9% |
| Operating profit (loss) | 9901 | €102,948 | €175,213 | +€72,265 | +70.2% |
| Financial income | 75/76B | €3,941 | €2,797 | -€1,144 | -29.0% |
| Recurring financial income | 75 | €3,941 | €2,797 | -€1,144 | -29.0% |
| Financial charges | 65/66B | €7,104 | €3,531 | -€3,573 | -50.3% |
| Recurring financial charges | 65 | €7,104 | €3,531 | -€3,573 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | €99,785 | €174,479 | +€74,694 | +74.9% |
| Income taxes | 67/77 | €540 | €53,831 | +€53,291 | +9867.0% |
| Profit (loss) for the period | 9904 | €99,245 | €120,648 | +€21,403 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €99,245 | €120,648 | +€21,403 | +21.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.