Progressive IT Systems: 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 IT Systems
Largest movements
- Current investments -€42,799
down €42,799 (-11.1%), from €385,641 to €342,842
- Tangible fixed assets -€37,410
down €37,410 (-3.6%), from €1.0m to €1.0m
of which Land and buildings: -€39,501
- Debts after one year -€52,041
down €52,041 (-7.2%), from €727,297 to €675,255
- Reserves -€40,134
down €40,134 (-4.8%), from €841,367 to €801,233
- Gross operating margin -€21,216
down €21,216 (-33.6%), from €63,195 to €41,978
- Financial income +€4,844
up €4,844 (+56.3%), from €8,597 to €13,441
- Taxes -€4,210
down €4,210 (-88.7%), from €4,748 to €538
- Financial charges -€1,580
down €1,580 (-6.7%), from €23,617 to €22,037
- Other operating charges -€786
down €786 (-28.8%), from €2,730 to €1,945
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 | €1,630,737 | €1,549,482 | -€81,255 | -5.0% |
| Fixed assets | 21/28 | €1,094,474 | €1,056,814 | -€37,660 | -3.4% |
| Tangible fixed assets | 22/27 | €1,043,905 | €1,006,496 | -€37,410 | -3.6% |
| Land and buildings | 22 | €1,041,042 | €1,001,541 | -€39,501 | -3.8% |
| Plant, machinery and equipment | 23 | €2,863 | €4,955 | +€2,092 | +73.1% |
| Financial fixed assets | 28 | €50,568 | €50,318 | -€250 | -0.5% |
| Current assets | 29/58 | €536,263 | €492,668 | -€43,595 | -8.1% |
| Amounts receivable within one year | 40/41 | €110,572 | €108,988 | -€1,583 | -1.4% |
| Trade receivables | 40 | €9,832 | €28,255 | +€18,423 | +187% |
| Other amounts receivable | 41 | €100,740 | €80,734 | -€20,007 | -19.9% |
| Current investments | 50/53 | €385,641 | €342,842 | -€42,799 | -11.1% |
| Cash at bank and in hand | 54/58 | €32,917 | €36,541 | +€3,624 | +11.0% |
| Deferred charges and accrued income | 490/1 | €7,134 | €4,297 | -€2,837 | -39.8% |
| Total equity and liabilities | 10/49 | €1,630,737 | €1,549,482 | -€81,255 | -5.0% |
| Equity | 10/15 | €847,567 | €807,433 | -€40,134 | -4.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €841,367 | €801,233 | -€40,134 | -4.8% |
| Distributable reserves | 133 | €841,367 | €801,233 | -€40,134 | -4.8% |
| Amounts payable | 17/49 | €783,170 | €742,049 | -€41,121 | -5.3% |
| Amounts payable after more than one year | 17 | €727,297 | €675,255 | -€52,041 | -7.2% |
| Financial debts | 170/4 | €727,297 | €675,255 | -€52,041 | -7.2% |
| Amounts payable within one year | 42/48 | €54,624 | €64,459 | +€9,835 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €50,512 | €52,041 | +€1,530 | +3.0% |
| Trade debts | 44 | €1,714 | €3,320 | +€1,606 | +93.7% |
| Suppliers | 440/4 | €1,714 | €3,320 | +€1,606 | +93.7% |
| Taxes, remuneration and social security | 45 | €2,398 | €9,097 | +€6,700 | +279% |
| Taxes | 450/3 | €2,398 | €9,097 | +€6,700 | +279% |
| Accrued charges and deferred income | 492/3 | €1,250 | €2,335 | +€1,085 | +86.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,033 | €40,277 | +€244 | +0.6% |
| Other operating charges | 640/8 | €2,730 | €1,945 | -€786 | -28.8% |
| Gross operating margin | 9900 | €63,195 | €41,978 | -€21,216 | -33.6% |
| Operating profit (loss) | 9901 | €20,432 | -€243 | -€20,674 | |
| Financial income | 75/76B | €8,597 | €13,441 | +€4,844 | +56.3% |
| Recurring financial income | 75 | €8,597 | €13,441 | +€4,844 | +56.3% |
| Financial charges | 65/66B | €23,617 | €22,037 | -€1,580 | -6.7% |
| Recurring financial charges | 65 | €23,617 | €22,037 | -€1,580 | -6.7% |
| Profit (loss) for the period before taxes | 9903 | €5,411 | -€8,839 | -€14,250 | |
| Income taxes | 67/77 | €4,748 | €538 | -€4,210 | -88.7% |
| Profit (loss) for the period | 9904 | €663 | -€9,377 | -€10,040 | |
| Profit (loss) for the period to be appropriated | 9905 | €663 | -€9,377 | -€10,040 |
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 15 October 2026 via checked.be.