PROGRESS COMPANY: 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 COMPANY
Largest movements
- Cash -€7,299
down €7,299 (-19.5%), from €37,347 to €30,048
mainly Contributions, distributions and other (-€155,953) and Debts after one year (-€43,690)
- Other debts +€120,020
up €120,020 (+5,939%), from €2,021 to €122,041
- Reserves -€112,953
down €112,953 (-47.1%), from €239,812 to €126,859
- Debts after one year -€43,690
down €43,690 (-24.7%), from €176,563 to €132,873
- Tax, wage and social debts +€23,609
up €23,609 (+620%), from €3,805 to €27,414
- Gross operating margin +€8,961
up €8,961 (+12.6%), from €71,345 to €80,306
- Financial charges -€1,793
down €1,793 (-18.4%), from €9,740 to €7,947
- Depreciation +€1,251
up €1,251 (+8.1%), from €15,496 to €16,747
- Taxes -€951
down €951 (-5.1%), from €18,805 to €17,854
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 | €487,460 | €476,274 | -€11,185 | -2.3% |
| Fixed assets | 21/28 | €432,461 | €431,299 | -€1,163 | -0.3% |
| Tangible fixed assets | 22/27 | €63,797 | €61,402 | -€2,395 | -3.8% |
| Land and buildings | 22 | €13,628 | €13,287 | -€341 | -2.5% |
| Plant, machinery and equipment | 23 | €6,369 | €17,422 | +€11,053 | +174% |
| Furniture and vehicles | 24 | €43,800 | €30,693 | -€13,107 | -29.9% |
| Financial fixed assets | 28 | €368,665 | €369,897 | +€1,232 | +0.3% |
| Current assets | 29/58 | €54,998 | €44,976 | -€10,023 | -18.2% |
| Amounts receivable within one year | 40/41 | €14,266 | €11,048 | -€3,218 | -22.6% |
| Trade receivables | 40 | €13,804 | €11,048 | -€2,756 | -20.0% |
| Other amounts receivable | 41 | €462 | €0 | -€462 | -100% |
| Cash at bank and in hand | 54/58 | €37,347 | €30,048 | -€7,299 | -19.5% |
| Deferred charges and accrued income | 490/1 | €3,385 | €3,880 | +€495 | +14.6% |
| Total equity and liabilities | 10/49 | €487,460 | €476,274 | -€11,185 | -2.3% |
| Equity | 10/15 | €258,412 | €145,527 | -€112,885 | -43.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €239,812 | €126,859 | -€112,953 | -47.1% |
| Distributable reserves | 133 | €239,812 | €126,859 | -€112,953 | -47.1% |
| Profit (loss) carried forward | 14 | €0 | €68 | +€68 | |
| Amounts payable | 17/49 | €229,048 | €330,747 | +€101,699 | +44.4% |
| Amounts payable after more than one year | 17 | €176,563 | €132,873 | -€43,690 | -24.7% |
| Financial debts | 170/4 | €176,563 | €132,873 | -€43,690 | -24.7% |
| Amounts payable within one year | 42/48 | €51,885 | €197,707 | +€145,822 | +281% |
| Current portion of amounts payable after more than one year | 42 | €44,592 | €46,369 | +€1,777 | +4.0% |
| Trade debts | 44 | €1,467 | €1,883 | +€416 | +28.3% |
| Suppliers | 440/4 | €1,467 | €1,883 | +€416 | +28.3% |
| Taxes, remuneration and social security | 45 | €3,805 | €27,414 | +€23,609 | +620% |
| Taxes | 450/3 | €3,805 | €27,414 | +€23,609 | +620% |
| Other amounts payable | 47/48 | €2,021 | €122,041 | +€120,020 | +5,939% |
| Accrued charges and deferred income | 492/3 | €599 | €166 | -€433 | -72.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,496 | €16,747 | +€1,251 | +8.1% |
| Other operating charges | 640/8 | €2,397 | €2,708 | +€311 | +13.0% |
| Non-recurring operating charges | 66A | - | €715 | +€715 | |
| Gross operating margin | 9900 | €71,345 | €80,306 | +€8,961 | +12.6% |
| Operating profit (loss) | 9901 | €53,452 | €60,136 | +€6,684 | +12.5% |
| Financial income | 75/76B | €8,374 | €8,732 | +€358 | +4.3% |
| Recurring financial income | 75 | €8,374 | €8,732 | +€358 | +4.3% |
| Financial charges | 65/66B | €9,740 | €7,947 | -€1,793 | -18.4% |
| Recurring financial charges | 65 | €9,740 | €7,947 | -€1,793 | -18.4% |
| Profit (loss) for the period before taxes | 9903 | €52,086 | €60,922 | +€8,835 | +17.0% |
| Income taxes | 67/77 | €18,805 | €17,854 | -€951 | -5.1% |
| Profit (loss) for the period | 9904 | €33,281 | €43,068 | +€9,787 | +29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,281 | €43,068 | +€9,787 | +29.4% |
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 29 October 2026 via checked.be.