Progress Management and Communication: 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 Management and Communication
Largest movements
- Receivables within one year +€11,949
up €11,949 (+249%), from €4,804 to €16,753
of which Trade receivables: +€8,015
- Tangible fixed assets -€6,292
down €6,292 (-13.4%), from €46,986 to €40,694
of which Land and buildings: -€5,922
- Cash +€3,516
up €3,516 (+2,774%), from €127 to €3,643
mainly Net result for the year (+€7,776) and Depreciation (+€6,292)
- Profit (loss) carried forward +€7,776
up €7,776 (+16.3%), from -€47,657 to -€39,881
- Trade debts +€5,032
up €5,032 (+2,363%), from €213 to €5,245
- Other debts -€4,130
down €4,130 (-7.7%), from €53,903 to €49,773
- Gross operating margin +€5,155
up €5,155 (+47.0%), from €10,977 to €16,132
- Depreciation -€371
down €371 (-5.6%), from €6,663 to €6,292
- Other operating charges +€225
up €225 (+15.2%), from €1,479 to €1,704
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 | €52,412 | €61,090 | +€8,678 | +16.6% |
| Fixed assets | 21/28 | €46,986 | €40,694 | -€6,292 | -13.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €46,986 | €40,694 | -€6,292 | -13.4% |
| Land and buildings | 22 | €45,955 | €40,034 | -€5,922 | -12.9% |
| Furniture and vehicles | 24 | €1,031 | €660 | -€370 | -35.9% |
| Current assets | 29/58 | €5,426 | €20,396 | +€14,970 | +276% |
| Amounts receivable within one year | 40/41 | €4,804 | €16,753 | +€11,949 | +249% |
| Trade receivables | 40 | €4,039 | €12,054 | +€8,015 | +198% |
| Other amounts receivable | 41 | €764 | €4,699 | +€3,934 | +515% |
| Cash at bank and in hand | 54/58 | €127 | €3,643 | +€3,516 | +2,774% |
| Deferred charges and accrued income | 490/1 | €496 | - | -€496 | |
| Total equity and liabilities | 10/49 | €52,412 | €61,090 | +€8,678 | +16.6% |
| Equity | 10/15 | -€1,704 | €6,072 | +€7,776 | |
| Contributions | 10/11 | €38,890 | €38,890 | = | 0.0% |
| Reserves | 13 | €7,064 | €7,064 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,064 | €7,064 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,064 | €7,064 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,657 | -€39,881 | +€7,776 | +16.3% |
| Amounts payable | 17/49 | €54,116 | €55,018 | +€902 | +1.7% |
| Amounts payable within one year | 42/48 | €54,116 | €55,018 | +€902 | +1.7% |
| Trade debts | 44 | €213 | €5,245 | +€5,032 | +2,363% |
| Suppliers | 440/4 | €213 | €5,245 | +€5,032 | +2,363% |
| Other amounts payable | 47/48 | €53,903 | €49,773 | -€4,130 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,663 | €6,292 | -€371 | -5.6% |
| Other operating charges | 640/8 | €1,479 | €1,704 | +€225 | +15.2% |
| Gross operating margin | 9900 | €10,977 | €16,132 | +€5,155 | +47.0% |
| Operating profit (loss) | 9901 | €2,835 | €8,136 | +€5,301 | +187% |
| Financial charges | 65/66B | €421 | €360 | -€60 | -14.4% |
| Recurring financial charges | 65 | €421 | €360 | -€60 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €2,414 | €7,776 | +€5,361 | +222% |
| Profit (loss) for the period | 9904 | €2,414 | €7,776 | +€5,361 | +222% |
| Profit (loss) for the period to be appropriated | 9905 | €2,414 | €7,776 | +€5,361 | +222% |
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 20 October 2026 via checked.be.