PROGRESSIO MANAGEMENT: 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.
PROGRESSIO MANAGEMENT
Largest movements
- Receivables within one year -€73,286
down €73,286 (-63.6%), from €115,262 to €41,976
of which Trade receivables: -€84,250
- Tangible fixed assets +€8,568
up €8,568 (+2.9%), from €297,257 to €305,826
of which Land and buildings: +€294,716
- Cash +€6,572
up €6,572 (+29.9%), from €21,992 to €28,564
mainly Net result for the year (+€124,613) and Receivables within one year (+€73,286)
- Debts after one year -€62,139
down €62,139 (-39.3%), from €158,146 to €96,007
- Trade debts -€53,426
down €53,426 (-82.0%), from €65,183 to €11,757
- Other debts +€48,967
up €48,967 (+96.0%), from €51,033 to €100,000
- Reserves +€24,613
up €24,613 (+16.3%), from €151,382 to €175,995
- Tax, wage and social debts -€8,985
down €8,985 (-27.9%), from €32,211 to €23,226
- Gross operating margin -€70,340
down €70,340 (-28.4%), from €247,961 to €177,621
- Taxes -€25,114
down €25,114 (-45.5%), from €55,247 to €30,134
- Depreciation +€10,264
up €10,264 (+193.4%), from €5,307 to €15,571
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 | €553,825 | €495,597 | -€58,228 | -10.5% |
| Fixed assets | 21/28 | €298,582 | €307,150 | +€8,568 | +2.9% |
| Tangible fixed assets | 22/27 | €297,257 | €305,826 | +€8,568 | +2.9% |
| Land and buildings | 22 | €3,561 | €298,276 | +€294,716 | +8276.6% |
| Plant, machinery and equipment | 23 | €2,686 | €1,872 | -€814 | -30.3% |
| Furniture and vehicles | 24 | €6,305 | €5,677 | -€627 | -10.0% |
| Assets under construction and advance payments | 27 | €284,706 | - | -€284,706 | |
| Financial fixed assets | 28 | €1,324 | €1,324 | = | 0.0% |
| Current assets | 29/58 | €255,243 | €188,447 | -€66,796 | -26.2% |
| Amounts receivable after more than one year | 29 | €109,000 | €109,000 | = | 0.0% |
| Trade receivables | 290 | €109,000 | €109,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €115,262 | €41,976 | -€73,286 | -63.6% |
| Trade receivables | 40 | €84,422 | €172 | -€84,250 | -99.8% |
| Other amounts receivable | 41 | €30,840 | €41,804 | +€10,964 | +35.6% |
| Cash at bank and in hand | 54/58 | €21,992 | €28,564 | +€6,572 | +29.9% |
| Deferred charges and accrued income | 490/1 | €8,990 | €8,907 | -€82 | -0.9% |
| Total equity and liabilities | 10/49 | €553,825 | €495,597 | -€58,228 | -10.5% |
| Equity | 10/15 | €153,882 | €178,495 | +€24,613 | +16.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €151,382 | €175,995 | +€24,613 | +16.3% |
| Distributable reserves | 133 | €151,382 | €175,995 | +€24,613 | +16.3% |
| Amounts payable | 17/49 | €399,943 | €317,102 | -€82,840 | -20.7% |
| Amounts payable after more than one year | 17 | €158,146 | €96,007 | -€62,139 | -39.3% |
| Financial debts | 170/4 | €158,146 | €96,007 | -€62,139 | -39.3% |
| Amounts payable within one year | 42/48 | €241,488 | €220,871 | -€20,617 | -8.5% |
| Current portion of amounts payable after more than one year | 42 | €93,061 | €85,888 | -€7,173 | -7.7% |
| Trade debts | 44 | €65,183 | €11,757 | -€53,426 | -82.0% |
| Suppliers | 440/4 | €65,183 | €11,757 | -€53,426 | -82.0% |
| Taxes, remuneration and social security | 45 | €32,211 | €23,226 | -€8,985 | -27.9% |
| Taxes | 450/3 | €32,211 | €23,226 | -€8,985 | -27.9% |
| Other amounts payable | 47/48 | €51,033 | €100,000 | +€48,967 | +96.0% |
| Accrued charges and deferred income | 492/3 | €309 | €225 | -€85 | -27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,307 | €15,571 | +€10,264 | +193.4% |
| Other operating charges | 640/8 | €2,188 | €1,684 | -€504 | -23.0% |
| Gross operating margin | 9900 | €247,961 | €177,621 | -€70,340 | -28.4% |
| Operating profit (loss) | 9901 | €240,465 | €160,366 | -€80,100 | -33.3% |
| Financial income | 75/76B | €1,431 | €2,623 | +€1,192 | +83.3% |
| Recurring financial income | 75 | €1,431 | €2,623 | +€1,192 | +83.3% |
| Financial charges | 65/66B | €8,738 | €8,242 | -€496 | -5.7% |
| Recurring financial charges | 65 | €8,738 | €8,242 | -€496 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €233,158 | €154,747 | -€78,411 | -33.6% |
| Income taxes | 67/77 | €55,247 | €30,134 | -€25,114 | -45.5% |
| Profit (loss) for the period | 9904 | €177,910 | €124,613 | -€53,298 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €177,910 | €124,613 | -€53,298 | -30.0% |
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 9 October 2026 via checked.be.