PROGRESS INTERNATIONAL LIER: 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 INTERNATIONAL LIER
Largest movements
- Receivables within one year -€134,490
down €134,490 (-73.9%), from €182,096 to €47,606
of which Trade receivables: -€131,590
- Cash +€17,547
up €17,547 (+96.8%), from €18,134 to €35,681
mainly Receivables within one year (+€134,490) and Other debts (+€30,640)
- Stocks and contracts +€7,048
up €7,048 (+41.4%), from €17,007 to €24,055
- Trade debts -€101,915
down €101,915 (-77.0%), from €132,307 to €30,392
- Other debts +€30,640
up €30,640 (+213%), from €14,360 to €45,000
- Reserves -€25,571
down €25,571 (-25.5%), from €100,327 to €74,755
- Current portion of long-term debt -€4,226
down €4,226 (-56.0%), from €7,541 to €3,315
- Accrued charges and deferred income -€3,467
down €3,467 (-96.3%), from €3,600 to €133
- Gross operating margin -€22,929
down €22,929 (-29.4%), from €77,924 to €54,995
- Taxes +€5,283
up €5,283 (+210%), from €2,516 to €7,799
- Staff costs +€3,992
new in 2025: €3,992
- Financial income -€1,327
down €1,327 (-44.5%), from €2,983 to €1,656
- Depreciation -€1,250
down €1,250 (-6.4%), from €19,588 to €18,337
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 | €286,833 | €177,413 | -€109,420 | -38.1% |
| Fixed assets | 21/28 | €41,596 | €39,759 | -€1,837 | -4.4% |
| Intangible fixed assets | 21 | €823 | €347 | -€476 | -57.9% |
| Tangible fixed assets | 22/27 | €40,773 | €39,412 | -€1,361 | -3.3% |
| Land and buildings | 22 | €22,998 | €18,969 | -€4,029 | -17.5% |
| Plant, machinery and equipment | 23 | €897 | €15,607 | +€14,710 | +1,640% |
| Furniture and vehicles | 24 | €16,878 | €4,836 | -€12,042 | -71.3% |
| Current assets | 29/58 | €245,237 | €137,655 | -€107,583 | -43.9% |
| Amounts receivable after more than one year | 29 | €28,000 | €28,000 | = | 0.0% |
| Other amounts receivable | 291 | €28,000 | €28,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €17,007 | €24,055 | +€7,048 | +41.4% |
| Stocks | 30/36 | €17,007 | €24,055 | +€7,048 | +41.4% |
| Amounts receivable within one year | 40/41 | €182,096 | €47,606 | -€134,490 | -73.9% |
| Trade receivables | 40 | €161,182 | €29,592 | -€131,590 | -81.6% |
| Other amounts receivable | 41 | €20,914 | €18,014 | -€2,900 | -13.9% |
| Cash at bank and in hand | 54/58 | €18,134 | €35,681 | +€17,547 | +96.8% |
| Deferred charges and accrued income | 490/1 | - | €2,313 | +€2,313 | |
| Total equity and liabilities | 10/49 | €286,833 | €177,413 | -€109,420 | -38.1% |
| Equity | 10/15 | €118,927 | €93,355 | -€25,571 | -21.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €100,327 | €74,755 | -€25,571 | -25.5% |
| Distributable reserves | 133 | €100,327 | €74,755 | -€25,571 | -25.5% |
| Amounts payable | 17/49 | €167,907 | €84,058 | -€83,849 | -49.9% |
| Amounts payable after more than one year | 17 | €3,594 | €279 | -€3,315 | -92.2% |
| Financial debts | 170/4 | €3,594 | €279 | -€3,315 | -92.2% |
| Amounts payable within one year | 42/48 | €160,712 | €83,645 | -€77,067 | -48.0% |
| Current portion of amounts payable after more than one year | 42 | €7,541 | €3,315 | -€4,226 | -56.0% |
| Trade debts | 44 | €132,307 | €30,392 | -€101,915 | -77.0% |
| Suppliers | 440/4 | €132,307 | €30,392 | -€101,915 | -77.0% |
| Taxes, remuneration and social security | 45 | €6,504 | €4,938 | -€1,566 | -24.1% |
| Taxes | 450/3 | €6,504 | €4,594 | -€1,910 | -29.4% |
| Remuneration and social security | 454/9 | - | €344 | +€344 | |
| Other amounts payable | 47/48 | €14,360 | €45,000 | +€30,640 | +213% |
| Accrued charges and deferred income | 492/3 | €3,600 | €133 | -€3,467 | -96.3% |
| Remuneration, social security and pensions | 62 | - | €3,992 | +€3,992 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,588 | €18,337 | -€1,250 | -6.4% |
| Other operating charges | 640/8 | €1,063 | €918 | -€145 | -13.7% |
| Gross operating margin | 9900 | €77,924 | €54,995 | -€22,929 | -29.4% |
| Operating profit (loss) | 9901 | €57,274 | €31,748 | -€25,525 | -44.6% |
| Financial income | 75/76B | €2,983 | €1,656 | -€1,327 | -44.5% |
| Recurring financial income | 75 | €2,983 | €1,656 | -€1,327 | -44.5% |
| Financial charges | 65/66B | €6,032 | €6,176 | +€143 | +2.4% |
| Recurring financial charges | 65 | €6,032 | €6,176 | +€143 | +2.4% |
| Profit (loss) for the period before taxes | 9903 | €54,224 | €27,228 | -€26,996 | -49.8% |
| Income taxes | 67/77 | €2,516 | €7,799 | +€5,283 | +210% |
| Profit (loss) for the period | 9904 | €51,708 | €19,429 | -€32,279 | -62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €51,708 | €19,429 | -€32,279 | -62.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.