Progress-Ing. Group: 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-Ing. Group
Largest movements
- Cash +€58,739
up €58,739 (+510.9%), from €11,497 to €70,237
mainly Net result for the year (+€59,675) and Tax, wage and social debts (+€26,919)
- Tangible fixed assets -€12,418
down €12,418 (-15.8%), from €78,399 to €65,981
of which Furniture and vehicles: -€11,891
- Intangible fixed assets -€4,980
down €4,980 (-71.3%), from €6,986 to €2,006
- Receivables within one year -€4,346
down €4,346 (-10.8%), from €40,138 to €35,793
of which Trade receivables: -€2,803
- Profit (loss) carried forward +€59,675
up €59,675, from -€5,986 to €53,688
- Other debts -€36,312
down €36,312 (-90.7%), from €40,031 to €3,719
- Tax, wage and social debts +€26,919
up €26,919 (+106.9%), from €25,177 to €52,096
of which Taxes: +€33,995
- Debts after one year -€16,348
down €16,348 (-29.5%), from €55,329 to €38,982
- Trade debts +€3,015
up €3,015 (+53.9%), from €5,595 to €8,609
- Taxes +€11,240
up €11,240 (+117.7%), from €9,550 to €20,790
- Depreciation +€10,496
up €10,496 (+129.7%), from €8,094 to €18,590
- Other operating charges -€5,421
down €5,421 (-92.1%), from €5,886 to €466
- Gross operating margin +€2,893
up €2,893 (+2.9%), from €100,435 to €103,328
- Financial charges +€1,557
up €1,557 (+69.2%), from €2,251 to €3,807
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 | €139,670 | €176,191 | +€36,521 | +26.1% |
| Fixed assets | 21/28 | €86,885 | €69,487 | -€17,398 | -20.0% |
| Intangible fixed assets | 21 | €6,986 | €2,006 | -€4,980 | -71.3% |
| Tangible fixed assets | 22/27 | €78,399 | €65,981 | -€12,418 | -15.8% |
| Land and buildings | 22 | €16,794 | €16,268 | -€527 | -3.1% |
| Furniture and vehicles | 24 | €61,605 | €49,713 | -€11,891 | -19.3% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €52,786 | €106,705 | +€53,919 | +102.1% |
| Amounts receivable within one year | 40/41 | €40,138 | €35,793 | -€4,346 | -10.8% |
| Trade receivables | 40 | €24,911 | €22,108 | -€2,803 | -11.3% |
| Other amounts receivable | 41 | €15,227 | €13,685 | -€1,542 | -10.1% |
| Cash at bank and in hand | 54/58 | €11,497 | €70,237 | +€58,739 | +510.9% |
| Deferred charges and accrued income | 490/1 | €1,150 | €675 | -€475 | -41.3% |
| Total equity and liabilities | 10/49 | €139,670 | €176,191 | +€36,521 | +26.1% |
| Equity | 10/15 | -€3,236 | €56,438 | +€59,675 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €250 | €250 | = | 0.0% |
| Non-distributable reserves | 130/1 | €250 | €250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €250 | €250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,986 | €53,688 | +€59,675 | |
| Amounts payable | 17/49 | €142,907 | €119,753 | -€23,154 | -16.2% |
| Amounts payable after more than one year | 17 | €55,329 | €38,982 | -€16,348 | -29.5% |
| Financial debts | 170/4 | €55,329 | €38,982 | -€16,348 | -29.5% |
| Amounts payable within one year | 42/48 | €87,455 | €80,771 | -€6,683 | -7.6% |
| Current portion of amounts payable after more than one year | 42 | €16,652 | €16,348 | -€305 | -1.8% |
| Trade debts | 44 | €5,595 | €8,609 | +€3,015 | +53.9% |
| Suppliers | 440/4 | €5,595 | €8,609 | +€3,015 | +53.9% |
| Taxes, remuneration and social security | 45 | €25,177 | €52,096 | +€26,919 | +106.9% |
| Taxes | 450/3 | €17,635 | €51,630 | +€33,995 | +192.8% |
| Remuneration and social security | 454/9 | €7,541 | €465 | -€7,076 | -93.8% |
| Other amounts payable | 47/48 | €40,031 | €3,719 | -€36,312 | -90.7% |
| Accrued charges and deferred income | 492/3 | €123 | - | -€123 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,094 | €18,590 | +€10,496 | +129.7% |
| Other operating charges | 640/8 | €5,886 | €466 | -€5,421 | -92.1% |
| Gross operating margin | 9900 | €100,435 | €103,328 | +€2,893 | +2.9% |
| Operating profit (loss) | 9901 | €86,455 | €84,272 | -€2,182 | -2.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €2,251 | €3,807 | +€1,557 | +69.2% |
| Recurring financial charges | 65 | €2,251 | €3,807 | +€1,557 | +69.2% |
| Profit (loss) for the period before taxes | 9903 | €84,204 | €80,465 | -€3,739 | -4.4% |
| Income taxes | 67/77 | €9,550 | €20,790 | +€11,240 | +117.7% |
| Profit (loss) for the period | 9904 | €74,654 | €59,675 | -€14,979 | -20.1% |
| Profit (loss) for the period to be appropriated | 9905 | €74,654 | €59,675 | -€14,979 | -20.1% |
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.