Progress-IT: 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-IT
Largest movements
- Cash +€56,533
up €56,533 (+29.7%), from €190,533 to €247,067
mainly Net result for the year (+€41,293) and Other debts (+€20,686)
- Receivables within one year -€14,637
down €14,637 (-52.0%), from €28,155 to €13,518
of which Trade receivables: -€27,614
- Tangible fixed assets -€4,317
down €4,317 (-30.6%), from €14,087 to €9,770
- Reserves +€41,000
up €41,000 (+23.3%), from €176,000 to €217,000
- Other debts +€20,686
up €20,686 (+153.8%), from €13,446 to €34,132
- Trade debts -€11,798
down €11,798 (-98.3%), from €12,008 to €210
- Tax, wage and social debts -€7,090
no longer reported in 2025 (was €7,090)
- Accrued charges and deferred income -€5,216
down €5,216 (-97.6%), from €5,347 to €130
- Gross operating margin -€72,995
down €72,995 (-52.3%), from €139,610 to €66,616
- Taxes -€19,614
down €19,614 (-49.9%), from €39,308 to €19,693
- Depreciation +€2,479
up €2,479 (+95.8%), from €2,586 to €5,066
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 | €232,775 | €270,650 | +€37,875 | +16.3% |
| Fixed assets | 21/28 | €14,087 | €9,770 | -€4,317 | -30.6% |
| Tangible fixed assets | 22/27 | €14,087 | €9,770 | -€4,317 | -30.6% |
| Furniture and vehicles | 24 | €14,087 | €9,770 | -€4,317 | -30.6% |
| Current assets | 29/58 | €218,689 | €260,880 | +€42,191 | +19.3% |
| Amounts receivable within one year | 40/41 | €28,155 | €13,518 | -€14,637 | -52.0% |
| Trade receivables | 40 | €28,155 | €541 | -€27,614 | -98.1% |
| Other amounts receivable | 41 | - | €12,977 | +€12,977 | |
| Cash at bank and in hand | 54/58 | €190,533 | €247,067 | +€56,533 | +29.7% |
| Deferred charges and accrued income | 490/1 | - | €295 | +€295 | |
| Total equity and liabilities | 10/49 | €232,775 | €270,650 | +€37,875 | +16.3% |
| Equity | 10/15 | €194,884 | €236,178 | +€41,293 | +21.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €176,000 | €217,000 | +€41,000 | +23.3% |
| Distributable reserves | 133 | €176,000 | €217,000 | +€41,000 | +23.3% |
| Profit (loss) carried forward | 14 | €15,884 | €16,178 | +€293 | +1.8% |
| Amounts payable | 17/49 | €37,891 | €34,472 | -€3,419 | -9.0% |
| Amounts payable within one year | 42/48 | €32,544 | €34,342 | +€1,798 | +5.5% |
| Trade debts | 44 | €12,008 | €210 | -€11,798 | -98.3% |
| Suppliers | 440/4 | €12,008 | €210 | -€11,798 | -98.3% |
| Taxes, remuneration and social security | 45 | €7,090 | - | -€7,090 | |
| Taxes | 450/3 | €7,090 | - | -€7,090 | |
| Other amounts payable | 47/48 | €13,446 | €34,132 | +€20,686 | +153.8% |
| Accrued charges and deferred income | 492/3 | €5,347 | €130 | -€5,216 | -97.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,586 | €5,066 | +€2,479 | +95.8% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €139,610 | €66,616 | -€72,995 | -52.3% |
| Operating profit (loss) | 9901 | €136,637 | €61,151 | -€75,486 | -55.2% |
| Financial charges | 65/66B | €127 | €164 | +€37 | +28.7% |
| Recurring financial charges | 65 | €127 | €164 | +€37 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €136,509 | €60,987 | -€75,523 | -55.3% |
| Income taxes | 67/77 | €39,308 | €19,693 | -€19,614 | -49.9% |
| Profit (loss) for the period | 9904 | €97,202 | €41,293 | -€55,908 | -57.5% |
| Profit (loss) for the period to be appropriated | 9905 | €97,202 | €41,293 | -€55,908 | -57.5% |
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 8 October 2026 via checked.be.