PROGRESSIO: 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.
PROGRESSIO
Largest movements
- Receivables within one year +€2.8m
up €2.8m (+228.3%), from €1.2m to €4.1m
of which Other amounts receivable: +€2.6m
- Current investments -€2.4m
down €2.4m (-99.6%), from €2.4m to €10,000
- Cash +€253,508
up €253,508 (+36.4%), from €697,245 to €950,753
mainly Current investments (+€2.4m) and Net result for the year (+€776,951)
- Deferred charges and accrued income +€61,684
new in 2025: €61,684
- Reserves +€776,951
up €776,951 (+25.6%), from €3.0m to €3.8m
- Trade debts -€128,219
down €128,219 (-10.8%), from €1.2m to €1.1m
- Tax, wage and social debts +€82,231
up €82,231 (+75.8%), from €108,536 to €190,768
of which Taxes: +€75,563
- Current portion of long-term debt +€67,302
new in 2025: €67,302
- Financial income -€690,278
down €690,278 (-91.0%), from €758,258 to €67,979
- Gross operating margin +€350,078
up €350,078 (+46.3%), from €755,515 to €1.1m
- Taxes -€88,149
down €88,149 (-24.9%), from €354,489 to €266,341
- Write-downs +€26,353
new in 2025: €26,353
- Depreciation -€15,324
down €15,324 (-71.5%), from €21,420 to €6,097
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 | €4,349,459 | €5,147,725 | +€798,266 | +18.4% |
| Fixed assets | 21/28 | €36,524 | €42,369 | +€5,845 | +16.0% |
| Intangible fixed assets | 21 | €8 | - | -€8 | |
| Tangible fixed assets | 22/27 | €36,517 | €42,368 | +€5,851 | +16.0% |
| Furniture and vehicles | 24 | €11,517 | €14,394 | +€2,877 | +25.0% |
| Other tangible fixed assets | 26 | €25,000 | €27,974 | +€2,974 | +11.9% |
| Financial fixed assets | 28 | - | €1 | +€1 | |
| Current assets | 29/58 | €4,312,935 | €5,105,356 | +€792,421 | +18.4% |
| Amounts receivable within one year | 40/41 | €1,243,577 | €4,082,920 | +€2.8m | +228.3% |
| Trade receivables | 40 | €1,166,568 | €1,390,689 | +€224,121 | +19.2% |
| Other amounts receivable | 41 | €77,009 | €2,692,230 | +€2.6m | +3396.0% |
| Current investments | 50/53 | €2,372,113 | €10,000 | -€2.4m | -99.6% |
| Cash at bank and in hand | 54/58 | €697,245 | €950,753 | +€253,508 | +36.4% |
| Deferred charges and accrued income | 490/1 | - | €61,684 | +€61,684 | |
| Total equity and liabilities | 10/49 | €4,349,459 | €5,147,725 | +€798,266 | +18.4% |
| Equity | 10/15 | €3,054,015 | €3,830,967 | +€776,951 | +25.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €3,035,415 | €3,812,367 | +€776,951 | +25.6% |
| Distributable reserves | 133 | €3,035,415 | €3,812,367 | +€776,951 | +25.6% |
| Amounts payable | 17/49 | €1,295,444 | €1,316,759 | +€21,315 | +1.6% |
| Amounts payable within one year | 42/48 | €1,295,444 | €1,316,759 | +€21,315 | +1.6% |
| Current portion of amounts payable after more than one year | 42 | - | €67,302 | +€67,302 | |
| Trade debts | 44 | €1,186,907 | €1,058,689 | -€128,219 | -10.8% |
| Suppliers | 440/4 | €1,186,907 | €1,058,689 | -€128,219 | -10.8% |
| Taxes, remuneration and social security | 45 | €108,536 | €190,768 | +€82,231 | +75.8% |
| Taxes | 450/3 | €99,634 | €175,197 | +€75,563 | +75.8% |
| Remuneration and social security | 454/9 | €8,902 | €15,571 | +€6,669 | +74.9% |
| Remuneration, social security and pensions | 62 | €79,806 | €94,954 | +€15,148 | +19.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,420 | €6,097 | -€15,324 | -71.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €26,353 | +€26,353 | |
| Other operating charges | 640/8 | €5,278 | €110 | -€5,168 | -97.9% |
| Gross operating margin | 9900 | €755,515 | €1,105,593 | +€350,078 | +46.3% |
| Operating profit (loss) | 9901 | €649,010 | €978,080 | +€329,070 | +50.7% |
| Financial income | 75/76B | €758,258 | €67,979 | -€690,278 | -91.0% |
| Recurring financial income | 75 | €758,258 | €67,979 | -€690,278 | -91.0% |
| Financial charges | 65/66B | €1,070 | €2,767 | +€1,697 | +158.6% |
| Recurring financial charges | 65 | €1,070 | €2,767 | +€1,697 | +158.6% |
| Profit (loss) for the period before taxes | 9903 | €1,406,198 | €1,043,292 | -€362,906 | -25.8% |
| Income taxes | 67/77 | €354,489 | €266,341 | -€88,149 | -24.9% |
| Profit (loss) for the period | 9904 | €1,051,709 | €776,951 | -€274,757 | -26.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,051,709 | €776,951 | -€274,757 | -26.1% |
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 29 September 2026 via checked.be.