PROGRESS CONSULTING: 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.
PROGRESS CONSULTING
Largest movements
- Receivables within one year +€454,200
up €454,200 (+28.0%), from €1.6m to €2.1m
of which Trade receivables: +€498,262
- Intangible fixed assets -€286,074
down €286,074 (-24.8%), from €1.2m to €868,123
- Cash -€93,403
down €93,403 (-35.9%), from €260,503 to €167,100
mainly Receivables within one year (-€454,200) and Debts after one year (-€238,338)
- Debts after one year -€238,338
down €238,338 (-16.9%), from €1.4m to €1.2m
- Trade debts +€138,145
up €138,145 (+23.1%), from €596,912 to €735,057
- Reserves +€129,000
up €129,000 (+64.5%), from €200,000 to €329,000
- Tax, wage and social debts +€42,608
up €42,608 (+52.1%), from €81,855 to €124,464
of which Taxes: +€43,778
- Gross operating margin +€39,967
up €39,967 (+6.1%), from €655,918 to €695,884
- Taxes +€19,053
up €19,053 (+40.8%), from €46,671 to €65,724
- Staff costs -€7,874
down €7,874 (-4.6%), from €172,069 to €164,195
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 | €3,111,170 | €3,180,752 | +€69,583 | +2.2% |
| Fixed assets | 21/28 | €1,218,718 | €929,103 | -€289,615 | -23.8% |
| Intangible fixed assets | 21 | €1,154,197 | €868,123 | -€286,074 | -24.8% |
| Tangible fixed assets | 22/27 | €12,361 | €8,820 | -€3,541 | -28.6% |
| Furniture and vehicles | 24 | €9,200 | €7,042 | -€2,158 | -23.5% |
| Other tangible fixed assets | 26 | €3,161 | €1,778 | -€1,383 | -43.7% |
| Financial fixed assets | 28 | €52,160 | €52,160 | = | 0.0% |
| Current assets | 29/58 | €1,892,451 | €2,251,649 | +€359,198 | +19.0% |
| Amounts receivable within one year | 40/41 | €1,623,222 | €2,077,422 | +€454,200 | +28.0% |
| Trade receivables | 40 | €1,566,600 | €2,064,862 | +€498,262 | +31.8% |
| Other amounts receivable | 41 | €56,621 | €12,560 | -€44,062 | -77.8% |
| Cash at bank and in hand | 54/58 | €260,503 | €167,100 | -€93,403 | -35.9% |
| Deferred charges and accrued income | 490/1 | €8,726 | €7,128 | -€1,599 | -18.3% |
| Total equity and liabilities | 10/49 | €3,111,170 | €3,180,752 | +€69,583 | +2.2% |
| Equity | 10/15 | €617,576 | €746,611 | +€129,035 | +20.9% |
| Contributions | 10/11 | €415,000 | €415,000 | = | 0.0% |
| Reserves | 13 | €200,000 | €329,000 | +€129,000 | +64.5% |
| Distributable reserves | 133 | €200,000 | €329,000 | +€129,000 | +64.5% |
| Profit (loss) carried forward | 14 | €2,576 | €2,611 | +€35 | +1.4% |
| Amounts payable | 17/49 | €2,493,594 | €2,434,141 | -€59,453 | -2.4% |
| Amounts payable after more than one year | 17 | €1,410,896 | €1,172,558 | -€238,338 | -16.9% |
| Trade debts | 175 | €1,410,896 | €1,172,558 | -€238,338 | -16.9% |
| Amounts payable within one year | 42/48 | €1,082,697 | €1,261,583 | +€178,886 | +16.5% |
| Financial debts | 43 | €400,000 | €400,000 | = | 0.0% |
| Credit institutions | 430/8 | €400,000 | €400,000 | = | 0.0% |
| Trade debts | 44 | €596,912 | €735,057 | +€138,145 | +23.1% |
| Suppliers | 440/4 | €596,912 | €735,057 | +€138,145 | +23.1% |
| Advances received on contracts in progress | 46 | €3,450 | €0 | -€3,450 | -100.0% |
| Taxes, remuneration and social security | 45 | €81,855 | €124,464 | +€42,608 | +52.1% |
| Taxes | 450/3 | €52,325 | €96,103 | +€43,778 | +83.7% |
| Remuneration and social security | 454/9 | €29,530 | €28,360 | -€1,170 | -4.0% |
| Other amounts payable | 47/48 | €480 | €2,063 | +€1,583 | +330.1% |
| Remuneration, social security and pensions | 62 | €172,069 | €164,195 | -€7,874 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €311,757 | €308,520 | -€3,237 | -1.0% |
| Other operating charges | 640/8 | €1,213 | €3,536 | +€2,324 | +191.7% |
| Gross operating margin | 9900 | €655,918 | €695,884 | +€39,967 | +6.1% |
| Operating profit (loss) | 9901 | €170,879 | €219,633 | +€48,754 | +28.5% |
| Financial charges | 65/66B | €30,862 | €24,873 | -€5,989 | -19.4% |
| Recurring financial charges | 65 | €30,862 | €24,873 | -€5,989 | -19.4% |
| Profit (loss) for the period before taxes | 9903 | €140,017 | €194,760 | +€54,742 | +39.1% |
| Income taxes | 67/77 | €46,671 | €65,724 | +€19,053 | +40.8% |
| Profit (loss) for the period | 9904 | €93,346 | €129,035 | +€35,689 | +38.2% |
| Profit (loss) for the period to be appropriated | 9905 | €93,346 | €129,035 | +€35,689 | +38.2% |
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.