PROGRESS P.D.: 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 P.D.
Largest movements
- Current assets -€3,143
down €3,143 (-7.8%), from €40,524 to €37,381
- Profit (loss) carried forward -€2,799
down €2,799 (-4.9%), from -€56,635 to -€59,434
- Turnover -€17,349
no longer reported in 2021 (was €17,349)
- Gross operating margin -€3,816
down €3,816, from €1,017 to -€2,799
- Purchases and services +€3,470
new in 2021: €3,470
- Taxes -€1,247
no longer reported in 2021 (was €1,247)
From the 2020 result to the 2021 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2020 | 2021 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €173,977 | €170,834 | -€3,143 | -1.8% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €133,453 | €133,453 | -€0 | 0.0% |
| Tangible fixed assets | 22/27 | €130,416 | €130,416 | -€0 | 0.0% |
| Land and buildings | 22 | - | €81,797 | +€81,797 | |
| Plant, machinery and equipment | 23 | - | €1,242 | +€1,242 | |
| Furniture and vehicles | 24 | - | €47,377 | +€47,377 | |
| Financial fixed assets | 28 | €3,037 | €3,037 | +€0 | 0.0% |
| Current assets | 29/58 | €40,524 | €37,381 | -€3,143 | -7.8% |
| Amounts receivable after more than one year | 29 | - | €27,961 | +€27,961 | |
| Other amounts receivable | 291 | - | €27,961 | +€27,961 | |
| Amounts receivable within one year | 40/41 | €528 | - | -€528 | |
| Cash at bank and in hand | 54/58 | €733 | €9,420 | +€8,687 | +1,185% |
| Total equity and liabilities | 10/49 | €173,977 | €170,834 | -€3,143 | -1.8% |
| Equity | 10/15 | €173,122 | €170,324 | -€2,798 | -1.6% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Capital | 10 | - | €18,750 | +€18,750 | |
| Issued capital | 100 | - | €18,750 | +€18,750 | |
| Reserves | 13 | €211,007 | €211,007 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | - | €1,232 | +€1,232 | |
| Legal reserve | 130 | - | €1,232 | +€1,232 | |
| Distributable reserves | 133 | - | €209,775 | +€209,775 | |
| Profit (loss) carried forward | 14 | -€56,635 | -€59,434 | -€2,799 | -4.9% |
| Amounts payable | 17/49 | €855 | €511 | -€344 | -40.3% |
| Amounts payable within one year | 42/48 | €556 | €511 | -€45 | -8.2% |
| Trade debts | 44 | €556 | €511 | -€45 | -8.2% |
| Suppliers | 440/4 | - | €511 | +€511 | |
| Turnover | 70 | €17,349 | - | -€17,349 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €3,470 | +€3,470 | |
| Gross operating margin | 9900 | €1,017 | -€2,799 | -€3,816 | |
| Operating profit (loss) | 9901 | -€4,247 | -€2,799 | +€1,448 | +34.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,247 | -€2,799 | +€1,448 | +34.1% |
| Income taxes | 67/77 | €1,247 | - | -€1,247 | |
| Profit (loss) for the period | 9904 | -€5,494 | -€2,799 | +€2,695 | +49.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,494 | -€2,799 | +€2,695 | +49.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2020 and 31 December 2021. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.