PROGRESSIVE 3: 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.
PROGRESSIVE 3
Largest movements
- Receivables within one year +€9,088
up €9,088 (+443%), from €2,049 to €11,137
- Cash +€6,862
up €6,862 (+20.5%), from €33,402 to €40,264
mainly Trade debts (+€32,326) and Net result for the year (+€18,388)
- Trade debts +€32,326
up €32,326 (+9,573%), from €338 to €32,664
- Other debts -€25,159
down €25,159 (-27.7%), from €90,917 to €65,759
- Profit (loss) carried forward +€18,388
up €18,388 (+4.1%), from €443,677 to €462,065
- Accrued charges and deferred income -€6,015
down €6,015 (-53.2%), from €11,312 to €5,297
- Gross operating margin -€16,774
down €16,774 (-35.5%), from €47,316 to €30,542
- Taxes -€3,777
down €3,777 (-34.5%), from €10,961 to €7,184
- Financial charges -€831
down €831 (-13.4%), from €6,223 to €5,392
- Financial income +€783
up €783 (+2,188%), from €36 to €818
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 | €560,451 | €577,125 | +€16,674 | +3.0% |
| Fixed assets | 21/28 | €500,000 | €500,000 | = | 0.0% |
| Financial fixed assets | 28 | €500,000 | €500,000 | = | 0.0% |
| Current assets | 29/58 | €60,451 | €77,125 | +€16,674 | +27.6% |
| Amounts receivable within one year | 40/41 | €2,049 | €11,137 | +€9,088 | +443% |
| Other amounts receivable | 41 | €2,049 | €11,137 | +€9,088 | +443% |
| Current investments | 50/53 | €25,000 | €25,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €33,402 | €40,264 | +€6,862 | +20.5% |
| Deferred charges and accrued income | 490/1 | €0 | €724 | +€724 | |
| Total equity and liabilities | 10/49 | €560,451 | €577,125 | +€16,674 | +3.0% |
| Equity | 10/15 | €451,737 | €470,125 | +€18,388 | +4.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €443,677 | €462,065 | +€18,388 | +4.1% |
| Amounts payable | 17/49 | €108,714 | €107,000 | -€1,714 | -1.6% |
| Amounts payable within one year | 42/48 | €97,401 | €101,703 | +€4,301 | +4.4% |
| Trade debts | 44 | €338 | €32,664 | +€32,326 | +9,573% |
| Suppliers | 440/4 | €338 | €32,664 | +€32,326 | +9,573% |
| Taxes, remuneration and social security | 45 | €6,146 | €3,280 | -€2,866 | -46.6% |
| Taxes | 450/3 | €6,146 | €3,280 | -€2,866 | -46.6% |
| Other amounts payable | 47/48 | €90,917 | €65,759 | -€25,159 | -27.7% |
| Accrued charges and deferred income | 492/3 | €11,312 | €5,297 | -€6,015 | -53.2% |
| Other operating charges | 640/8 | €387 | €397 | +€10 | +2.6% |
| Gross operating margin | 9900 | €47,316 | €30,542 | -€16,774 | -35.5% |
| Operating profit (loss) | 9901 | €46,930 | €30,146 | -€16,784 | -35.8% |
| Financial income | 75/76B | €36 | €818 | +€783 | +2,188% |
| Recurring financial income | 75 | €36 | €818 | +€783 | +2,188% |
| Financial charges | 65/66B | €6,223 | €5,392 | -€831 | -13.4% |
| Recurring financial charges | 65 | €6,223 | €5,392 | -€831 | -13.4% |
| Profit (loss) for the period before taxes | 9903 | €40,742 | €25,572 | -€15,170 | -37.2% |
| Income taxes | 67/77 | €10,961 | €7,184 | -€3,777 | -34.5% |
| Profit (loss) for the period | 9904 | €29,781 | €18,388 | -€11,393 | -38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,781 | €18,388 | -€11,393 | -38.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.