PROGRESS: 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.
What changed
PROGRESS
NACE 69.209, Other tax advisory services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€31,901
2024 · €98,338-€130,239
Equity
€10.2m
2024 · €10.2m-€31,901
Cash
€524,384
2024 · €534,445-€10,060
Balance sheet total
€10.4m
2024 · €10.5m-€101,387
Largest movements
Assets
- Receivables after one year -€375,000
down €375,000 (-14.3%), from €2.6m to €2.2m
- Receivables within one year +€366,658
up €366,658 (+5.5%), from €6.6m to €7.0m
of which Other amounts receivable: +€406,383
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Gross operating margin -€107,859
down €107,859, from €75,324 to -€32,535
- Financial income -€62,920
down €62,920 (-22.1%), from €284,756 to €221,835
- Taxes -€25,695
down €25,695 (-93.1%), from €27,591 to €1,896
- Staff costs -€22,163
down €22,163 (-17.2%), from €128,865 to €106,703
- Depreciation +€20,832
up €20,832 (+28.2%), from €73,961 to €94,792
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.
Result 2024
€98,338
Gross operating margin
-€107,859
Staff costs
+€22,163
Depreciation
-€20,832
Other operating charges
-€664
Other operating items
+€13,382
Financial income
-€62,920
Financial charges
+€796
Taxes
+€25,695
Result 2025
-€31,901
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.
From operations
+€11,081
Investment
-€21,827
Financing
+€686
Cash 2024
€534,445
From operations (derived)
+€11,081
Net result for the year
-€31,901
Depreciation
+€94,792
Receivables after one year
+€375,000
Receivables within one year
-€366,658
Deferred charges and accrued income
+€10,019
Trade debts
-€73,190
Tax, wage and social debts
+€1,516
Accrued charges and deferred income
+€1,503
Investment (derived)
-€21,827
Investment in fixed assets (net)
-€21,827
Financing
+€686
Debts after one year
+€686
Cash 2025
€524,384
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,503,838 | €10,402,451 | -€101,387 | -1.0% |
| Fixed assets | 21/28 | €631,773 | €558,808 | -€72,965 | -11.5% |
| Tangible fixed assets | 22/27 | €622,273 | €549,308 | -€72,965 | -11.7% |
| Land and buildings | 22 | €514,187 | €474,217 | -€39,970 | -7.8% |
| Plant, machinery and equipment | 23 | €6,155 | €4,800 | -€1,355 | -22.0% |
| Furniture and vehicles | 24 | €101,931 | €70,291 | -€31,640 | -31.0% |
| Financial fixed assets | 28 | €9,500 | €9,500 | = | 0.0% |
| Current assets | 29/58 | €9,872,066 | €9,843,644 | -€28,422 | -0.3% |
| Amounts receivable after more than one year | 29 | €2,624,246 | €2,249,246 | -€375,000 | -14.3% |
| Other amounts receivable | 291 | €2,624,246 | €2,249,246 | -€375,000 | -14.3% |
| Amounts receivable within one year | 40/41 | €6,644,964 | €7,011,622 | +€366,658 | +5.5% |
| Trade receivables | 40 | €303,777 | €264,051 | -€39,726 | -13.1% |
| Other amounts receivable | 41 | €6,341,187 | €6,747,571 | +€406,383 | +6.4% |
| Current investments | 50/53 | €2,500 | €2,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €534,445 | €524,384 | -€10,060 | -1.9% |
| Deferred charges and accrued income | 490/1 | €65,911 | €55,892 | -€10,019 | -15.2% |
| Total equity and liabilities | 10/49 | €10,503,838 | €10,402,451 | -€101,387 | -1.0% |
| Equity | 10/15 | €10,216,819 | €10,184,918 | -€31,901 | -0.3% |
| Contributions | 10/11 | €2,973,402 | €2,973,402 | = | 0.0% |
| Reserves | 13 | €3,392,284 | €3,392,284 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,152 | €1,152 | = | 0.0% |
| Distributable reserves | 133 | €3,391,133 | €3,391,133 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,851,132 | €3,819,231 | -€31,901 | -0.8% |
| Amounts payable | 17/49 | €287,020 | €217,534 | -€69,486 | -24.2% |
| Amounts payable after more than one year | 17 | €107,407 | €108,093 | +€686 | +0.6% |
| Financial debts | 170/4 | €107,407 | €108,093 | +€686 | +0.6% |
| Amounts payable within one year | 42/48 | €179,128 | €107,453 | -€71,674 | -40.0% |
| Trade debts | 44 | €162,009 | €88,819 | -€73,190 | -45.2% |
| Suppliers | 440/4 | €162,009 | €88,819 | -€73,190 | -45.2% |
| Taxes, remuneration and social security | 45 | €15,626 | €17,141 | +€1,516 | +9.7% |
| Taxes | 450/3 | €3,136 | €4,102 | +€966 | +30.8% |
| Remuneration and social security | 454/9 | €12,490 | €13,040 | +€550 | +4.4% |
| Other amounts payable | 47/48 | €1,493 | €1,493 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €485 | €1,988 | +€1,503 | +309.8% |
| Non-recurring operating income | 76A | €25,668 | €0 | -€25,668 | -100.0% |
| Remuneration, social security and pensions | 62 | €128,865 | €106,703 | -€22,163 | -17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,961 | €94,792 | +€20,832 | +28.2% |
| Other operating charges | 640/8 | €11,461 | €12,125 | +€664 | +5.8% |
| Non-recurring operating charges | 66A | €13,382 | €0 | -€13,382 | -100.0% |
| Gross operating margin | 9900 | €75,324 | -€32,535 | -€107,859 | |
| Operating profit (loss) | 9901 | -€152,345 | -€246,154 | -€93,810 | -61.6% |
| Financial income | 75/76B | €284,756 | €221,835 | -€62,920 | -22.1% |
| Recurring financial income | 75 | €284,756 | €221,835 | -€62,920 | -22.1% |
| Financial charges | 65/66B | €6,482 | €5,686 | -€796 | -12.3% |
| Recurring financial charges | 65 | €6,482 | €5,686 | -€796 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €125,929 | -€30,005 | -€155,934 | |
| Income taxes | 67/77 | €27,591 | €1,896 | -€25,695 | -93.1% |
| Profit (loss) for the period | 9904 | €98,338 | -€31,901 | -€130,239 | |
| Profit (loss) for the period to be appropriated | 9905 | €98,338 | -€31,901 | -€130,239 |
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 30 September 2026 via checked.be.