PROGRESS BOUWBEGELEIDING: 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 BOUWBEGELEIDING
Largest movements
- Financial fixed assets +€457,059
up €457,059 (+450.3%), from €101,496 to €558,555
- Cash +€326,294
up €326,294 (+102341.2%), from €319 to €326,613
mainly Short-term financial debts (+€822,572) and Stocks and contracts (+€107,007)
- Stocks and contracts -€107,007
down €107,007 (-34.7%), from €308,306 to €201,300
- Short-term financial debts +€822,572
up €822,572 (+678353.9%), from €121 to €822,693
- Debts after one year -€190,123
down €190,123 (-53.8%), from €353,099 to €162,975
of which Financial debts: -€211,000
- Profit (loss) carried forward +€62,097
up €62,097 (+30.0%), from -€207,046 to -€144,949
- Accrued charges and deferred income -€18,379
down €18,379 (-59.7%), from €30,772 to €12,393
- Gross operating margin +€57,045
up €57,045 (+295.0%), from €19,335 to €76,380
- Financial charges +€45,158
up €45,158 (+370.6%), from €12,185 to €57,343
- Financial income +€32,003
up €32,003 (+276.2%), from €11,586 to €43,589
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 | €472,041 | €1,148,906 | +€676,865 | +143.4% |
| Fixed assets | 21/28 | €101,496 | €558,555 | +€457,059 | +450.3% |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €101,496 | €558,555 | +€457,059 | +450.3% |
| Current assets | 29/58 | €370,545 | €590,352 | +€219,806 | +59.3% |
| Stocks and contracts in progress | 3 | €308,306 | €201,300 | -€107,007 | -34.7% |
| Stocks | 30/36 | €308,306 | €201,300 | -€107,007 | -34.7% |
| Amounts receivable within one year | 40/41 | €61,920 | €62,439 | +€519 | +0.8% |
| Other amounts receivable | 41 | €61,920 | €62,439 | +€519 | +0.8% |
| Cash at bank and in hand | 54/58 | €319 | €326,613 | +€326,294 | +102341.2% |
| Total equity and liabilities | 10/49 | €472,041 | €1,148,906 | +€676,865 | +143.4% |
| Equity | 10/15 | €39,079 | €101,176 | +€62,097 | +158.9% |
| Contributions | 10/11 | €225,000 | €225,000 | = | 0.0% |
| Reserves | 13 | €21,125 | €21,125 | = | 0.0% |
| Distributable reserves | 133 | €21,125 | €21,125 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€207,046 | -€144,949 | +€62,097 | +30.0% |
| Amounts payable | 17/49 | €432,962 | €1,047,730 | +€614,768 | +142.0% |
| Amounts payable after more than one year | 17 | €353,099 | €162,975 | -€190,123 | -53.8% |
| Financial debts | 170/4 | €211,000 | - | -€211,000 | |
| Other amounts payable | 178/9 | €142,099 | €162,975 | +€20,877 | +14.7% |
| Amounts payable within one year | 42/48 | €49,091 | €872,362 | +€823,271 | +1677.0% |
| Financial debts | 43 | €121 | €822,693 | +€822,572 | +678353.9% |
| Credit institutions | 430/8 | €121 | €822,693 | +€822,572 | +678353.9% |
| Trade debts | 44 | €570 | €785 | +€215 | +37.7% |
| Suppliers | 440/4 | €570 | €785 | +€215 | +37.7% |
| Other amounts payable | 47/48 | €48,400 | €48,884 | +€484 | +1.0% |
| Accrued charges and deferred income | 492/3 | €30,772 | €12,393 | -€18,379 | -59.7% |
| Other operating charges | 640/8 | €579 | €529 | -€50 | -8.6% |
| Gross operating margin | 9900 | €19,335 | €76,380 | +€57,045 | +295.0% |
| Operating profit (loss) | 9901 | €18,756 | €75,851 | +€57,095 | +304.4% |
| Financial income | 75/76B | €11,586 | €43,589 | +€32,003 | +276.2% |
| Recurring financial income | 75 | €11,586 | €43,589 | +€32,003 | +276.2% |
| Financial charges | 65/66B | €12,185 | €57,343 | +€45,158 | +370.6% |
| Recurring financial charges | 65 | €12,185 | €57,343 | +€45,158 | +370.6% |
| Profit (loss) for the period before taxes | 9903 | €18,158 | €62,097 | +€43,939 | +242.0% |
| Profit (loss) for the period | 9904 | €18,158 | €62,097 | +€43,939 | +242.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,158 | €62,097 | +€43,939 | +242.0% |
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 10 October 2026 via checked.be.