PROGRESS BELGIUM: what changed
Two financial 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.
PROGRESS BELGIUM
Largest movements
- Receivables within one year -€314,655
down €314,655 (-29.8%), from €1.1m to €740,387
of which Trade receivables: -€315,109
- Cash +€284,681
up €284,681 (+4,593%), from €6,198 to €290,878
mainly Receivables within one year (+€314,655) and Other debts (+€20,000)
- Trade debts -€51,655
no longer reported in 2025 (was €51,655)
- Other debts +€20,000
up €20,000 (+2.4%), from €844,278 to €864,278
- Gross operating margin -€112,854
down €112,854, from €99,967 to -€12,887
- Financial income +€50,939
up €50,939 (+2,296%), from €2,218 to €53,158
- Financial charges -€19,447
down €19,447 (-84.1%), from €23,116 to €3,669
- Staff costs -€6,591
no longer reported in 2025 (was €6,591)
- Taxes +€5,527
up €5,527 (+23.9%), from €23,080 to €28,607
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.
Derived cash bridge
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 | €1,087,188 | €1,057,214 | -€29,974 | -2.8% |
| Fixed assets | 21/28 | €25,948 | €25,948 | = | 0.0% |
| Financial fixed assets | 28 | €25,948 | €25,948 | = | 0.0% |
| Current assets | 29/58 | €1,061,240 | €1,031,265 | -€29,974 | -2.8% |
| Amounts receivable within one year | 40/41 | €1,055,042 | €740,387 | -€314,655 | -29.8% |
| Trade receivables | 40 | €1,041,172 | €726,062 | -€315,109 | -30.3% |
| Other amounts receivable | 41 | €13,871 | €14,325 | +€454 | +3.3% |
| Cash at bank and in hand | 54/58 | €6,198 | €290,878 | +€284,681 | +4,593% |
| Total equity and liabilities | 10/49 | €1,087,188 | €1,057,214 | -€29,974 | -2.8% |
| Equity | 10/15 | €149,389 | €151,070 | +€1,681 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €128,929 | €130,610 | +€1,681 | +1.3% |
| Amounts payable | 17/49 | €937,799 | €906,144 | -€31,655 | -3.4% |
| Amounts payable after more than one year | 17 | €41,865 | €41,865 | = | 0.0% |
| Other amounts payable | 178/9 | €41,865 | €41,865 | = | 0.0% |
| Amounts payable within one year | 42/48 | €895,933 | €864,278 | -€31,655 | -3.5% |
| Trade debts | 44 | €51,655 | - | -€51,655 | |
| Suppliers | 440/4 | €51,655 | - | -€51,655 | |
| Other amounts payable | 47/48 | €844,278 | €864,278 | +€20,000 | +2.4% |
| Remuneration, social security and pensions | 62 | €6,591 | - | -€6,591 | |
| Other operating charges | 640/8 | €2,958 | €6,314 | +€3,356 | +113% |
| Non-recurring operating charges | 66A | €30,450 | - | -€30,450 | |
| Gross operating margin | 9900 | €99,967 | -€12,887 | -€112,854 | |
| Operating profit (loss) | 9901 | €59,969 | -€19,201 | -€79,170 | |
| Financial income | 75/76B | €2,218 | €53,158 | +€50,939 | +2,296% |
| Recurring financial income | 75 | €2,218 | €53,158 | +€50,939 | +2,296% |
| Financial charges | 65/66B | €23,116 | €3,669 | -€19,447 | -84.1% |
| Recurring financial charges | 65 | €23,116 | €3,669 | -€19,447 | -84.1% |
| Profit (loss) for the period before taxes | 9903 | €39,071 | €30,288 | -€8,783 | -22.5% |
| Income taxes | 67/77 | €23,080 | €28,607 | +€5,527 | +23.9% |
| Profit (loss) for the period | 9904 | €15,990 | €1,681 | -€14,309 | -89.5% |
| Profit (loss) for the period to be appropriated | 9905 | €15,990 | €1,681 | -€14,309 | -89.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.