PROGRESSIE EN TRAINING: 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.
PROGRESSIE EN TRAINING
Largest movements
- Cash -€23,420
down €23,420 (-75.0%), from €31,236 to €7,816
mainly Current portion of long-term debt (-€29,679) and Tax, wage and social debts (-€16,170)
- Tangible fixed assets -€21,756
down €21,756 (-10.6%), from €205,784 to €184,028
of which Land and buildings: -€16,683
- Receivables within one year +€4,658
up €4,658 (+18,166%), from €26 to €4,683
of which Trade receivables: +€3,659
- Current portion of long-term debt -€29,679
no longer reported in 2025 (was €29,679)
- Tax, wage and social debts -€16,170
down €16,170 (-98.5%), from €16,410 to €240
- Reserves +€2,419
up €2,419 (+1.8%), from €131,644 to €134,063
of which Distributable reserves: +€2,419
- Gross operating margin -€49,228
down €49,228 (-67.3%), from €73,161 to €23,932
- Taxes -€19,357
down €19,357, from €16,489 to -€2,868
- Financial charges -€1,686
down €1,686 (-54.7%), from €3,081 to €1,395
- Other operating charges -€965
down €965 (-43.9%), from €2,195 to €1,230
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 | €239,907 | €198,154 | -€41,753 | -17.4% |
| Fixed assets | 21/28 | €205,784 | €184,028 | -€21,756 | -10.6% |
| Tangible fixed assets | 22/27 | €205,784 | €184,028 | -€21,756 | -10.6% |
| Land and buildings | 22 | €193,765 | €177,082 | -€16,683 | -8.6% |
| Plant, machinery and equipment | 23 | €4,428 | €1,848 | -€2,580 | -58.3% |
| Furniture and vehicles | 24 | €7,591 | €5,098 | -€2,493 | -32.8% |
| Current assets | 29/58 | €34,123 | €14,127 | -€19,997 | -58.6% |
| Amounts receivable within one year | 40/41 | €26 | €4,683 | +€4,658 | +18,166% |
| Trade receivables | 40 | €26 | €3,685 | +€3,659 | +14,271% |
| Other amounts receivable | 41 | - | €999 | +€999 | |
| Current investments | 50/53 | €1,282 | €1,282 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €31,236 | €7,816 | -€23,420 | -75.0% |
| Deferred charges and accrued income | 490/1 | €1,580 | €346 | -€1,234 | -78.1% |
| Total equity and liabilities | 10/49 | €239,907 | €198,154 | -€41,753 | -17.4% |
| Equity | 10/15 | €151,644 | €154,063 | +€2,419 | +1.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €131,644 | €134,063 | +€2,419 | +1.8% |
| Tax-exempt reserves | 132 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €125,644 | €128,063 | +€2,419 | +1.9% |
| Amounts payable | 17/49 | €88,264 | €44,092 | -€44,172 | -50.0% |
| Amounts payable within one year | 42/48 | €88,160 | €44,092 | -€44,068 | -50.0% |
| Current portion of amounts payable after more than one year | 42 | €29,679 | - | -€29,679 | |
| Trade debts | 44 | €2,346 | €2,661 | +€315 | +13.4% |
| Suppliers | 440/4 | €2,346 | €2,661 | +€315 | +13.4% |
| Taxes, remuneration and social security | 45 | €16,410 | €240 | -€16,170 | -98.5% |
| Taxes | 450/3 | €16,410 | €240 | -€16,170 | -98.5% |
| Other amounts payable | 47/48 | €39,724 | €41,191 | +€1,466 | +3.7% |
| Accrued charges and deferred income | 492/3 | €103 | - | -€103 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,744 | €21,756 | +€12 | +0.1% |
| Other operating charges | 640/8 | €2,195 | €1,230 | -€965 | -43.9% |
| Gross operating margin | 9900 | €73,161 | €23,932 | -€49,228 | -67.3% |
| Operating profit (loss) | 9901 | €49,222 | €946 | -€48,276 | -98.1% |
| Financial income | 75/76B | €0 | €0 | +€0 | +200% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +200% |
| Financial charges | 65/66B | €3,081 | €1,395 | -€1,686 | -54.7% |
| Recurring financial charges | 65 | €3,081 | €1,395 | -€1,686 | -54.7% |
| Profit (loss) for the period before taxes | 9903 | €46,141 | -€449 | -€46,590 | |
| Income taxes | 67/77 | €16,489 | -€2,868 | -€19,357 | |
| Profit (loss) for the period | 9904 | €29,651 | €2,419 | -€27,232 | -91.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,651 | €2,419 | -€27,232 | -91.8% |
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 25 October 2026 via checked.be.