PROGRESS ENERGY SERVICES: 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 ENERGY SERVICES
Largest movements
- Cash -€921,939
down €921,939 (-64.1%), from €1.4m to €517,296
mainly Contributions, distributions and other (-€3.0m) and Receivables within one year (-€515,204)
- Receivables within one year +€515,204
up €515,204 (+14.1%), from €3.7m to €4.2m
of which Other amounts receivable: +€997,409
- Financial fixed assets +€342,000
up €342,000 (+31.0%), from €1.1m to €1.4m
- Receivables after one year -€108,298
down €108,298 (-45.9%), from €236,057 to €127,759
- Intangible fixed assets +€76,237
new in 2025: €76,237
- Profit (loss) carried forward -€3.3m
down €3.3m (-64.6%), from €5.1m to €1.8m
- Other debts +€3.0m
up €3.0m (+71,419%), from €4,195 to €3.0m
- Tax, wage and social debts +€217,446
up €217,446 (+80.8%), from €269,041 to €486,488
- Accrued charges and deferred income -€82,331
down €82,331 (-13.6%), from €606,100 to €523,769
- Write-downs +€7.0m
up €7.0m, from -€7.0m to €0
- Other operating charges -€3.6m
down €3.6m (-100.0%), from €3.6m to €1,123
- Taxes -€778,363
down €778,363 (-100%), from €778,363 to €0
- Financial charges +€370,883
up €370,883, from -€257,974 to €112,909
- Gross operating margin +€105,051
up €105,051 (+29.1%), from -€360,854 to -€255,804
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 | €6,448,891 | €6,354,514 | -€94,377 | -1.5% |
| Fixed assets | 21/28 | €1,103,175 | €1,521,965 | +€418,791 | +38.0% |
| Intangible fixed assets | 21 | - | €76,237 | +€76,237 | |
| Tangible fixed assets | 22/27 | - | €554 | +€554 | |
| Furniture and vehicles | 24 | - | €554 | +€554 | |
| Financial fixed assets | 28 | €1,103,175 | €1,445,175 | +€342,000 | +31.0% |
| Current assets | 29/58 | €5,345,716 | €4,832,549 | -€513,168 | -9.6% |
| Amounts receivable after more than one year | 29 | €236,057 | €127,759 | -€108,298 | -45.9% |
| Other amounts receivable | 291 | €236,057 | €127,759 | -€108,298 | -45.9% |
| Amounts receivable within one year | 40/41 | €3,660,582 | €4,175,786 | +€515,204 | +14.1% |
| Trade receivables | 40 | €745,128 | €262,923 | -€482,205 | -64.7% |
| Other amounts receivable | 41 | €2,915,454 | €3,912,863 | +€997,409 | +34.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €1,439,235 | €517,296 | -€921,939 | -64.1% |
| Deferred charges and accrued income | 490/1 | €9,843 | €11,708 | +€1,865 | +18.9% |
| Total equity and liabilities | 10/49 | €6,448,891 | €6,354,514 | -€94,377 | -1.5% |
| Equity | 10/15 | €5,412,965 | €2,126,865 | -€3.3m | -60.7% |
| Contributions | 10/11 | €300,000 | €300,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €30,000 | €30,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,082,965 | €1,796,865 | -€3.3m | -64.6% |
| Amounts payable | 17/49 | €1,035,926 | €4,227,649 | +€3.2m | +308% |
| Amounts payable within one year | 42/48 | €429,826 | €3,703,880 | +€3.3m | +762% |
| Trade debts | 44 | €156,590 | €217,393 | +€60,803 | +38.8% |
| Suppliers | 440/4 | €156,590 | €217,393 | +€60,803 | +38.8% |
| Taxes, remuneration and social security | 45 | €269,041 | €486,488 | +€217,446 | +80.8% |
| Taxes | 450/3 | €269,041 | €486,488 | +€217,446 | +80.8% |
| Other amounts payable | 47/48 | €4,195 | €3,000,000 | +€3.0m | +71,419% |
| Accrued charges and deferred income | 492/3 | €606,100 | €523,769 | -€82,331 | -13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €9,275 | +€9,275 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€6,982,167 | €0 | +€7.0m | |
| Other operating charges | 640/8 | €3,622,014 | €1,123 | -€3.6m | -100.0% |
| Gross operating margin | 9900 | -€360,854 | -€255,804 | +€105,051 | +29.1% |
| Operating profit (loss) | 9901 | €2,999,299 | -€266,202 | -€3.3m | |
| Financial income | 75/76B | €49,300 | €93,011 | +€43,712 | +88.7% |
| Recurring financial income | 75 | €49,300 | €93,011 | +€43,712 | +88.7% |
| Financial charges | 65/66B | -€257,974 | €112,909 | +€370,883 | |
| Recurring financial charges | 65 | -€257,974 | €112,909 | +€370,883 | |
| Profit (loss) for the period before taxes | 9903 | €3,306,572 | -€286,100 | -€3.6m | |
| Income taxes | 67/77 | €778,363 | €0 | -€778,363 | -100% |
| Profit (loss) for the period | 9904 | €2,528,209 | -€286,100 | -€2.8m | |
| Profit (loss) for the period to be appropriated | 9905 | €2,528,209 | -€286,100 | -€2.8m |
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 17 October 2026 via checked.be.