Progressive Tuning: 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 Tuning
Largest movements
- Cash +€60,008
up €60,008 (+120%), from €50,063 to €110,071
mainly Net result for the year (+€73,610) and Other debts (+€52,524)
- Receivables within one year +€30,594
up €30,594 (+139%), from €22,041 to €52,636
of which Trade receivables: +€28,990
- Stocks and contracts -€5,922
down €5,922 (-54.8%), from €10,817 to €4,895
- Tangible fixed assets +€5,597
up €5,597 (+21.1%), from €26,488 to €32,085
of which Plant, machinery and equipment: +€5,336
- Other debts +€52,524
up €52,524 (+470%), from €11,164 to €63,687
- Reserves +€22,810
up €22,810 (+34.0%), from €67,144 to €89,955
- Trade debts +€17,037
up €17,037 (+92.8%), from €18,358 to €35,395
- Gross operating margin +€19,312
up €19,312 (+14.9%), from €129,184 to €148,496
- Taxes +€7,146
up €7,146 (+39.6%), from €18,047 to €25,193
- Depreciation +€3,149
up €3,149 (+73.0%), from €4,314 to €7,463
- Financial charges +€2,489
up €2,489 (+266%), from €936 to €3,425
- Staff costs +€2,426
up €2,426 (+6.7%), from €36,100 to €38,526
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 | €113,084 | €203,677 | +€90,593 | +80.1% |
| Fixed assets | 21/28 | €28,238 | €33,835 | +€5,597 | +19.8% |
| Tangible fixed assets | 22/27 | €26,488 | €32,085 | +€5,597 | +21.1% |
| Plant, machinery and equipment | 23 | €11,822 | €17,158 | +€5,336 | +45.1% |
| Furniture and vehicles | 24 | €11,898 | €10,907 | -€991 | -8.3% |
| Other tangible fixed assets | 26 | €2,768 | €4,020 | +€1,252 | +45.2% |
| Financial fixed assets | 28 | €1,750 | €1,750 | = | 0.0% |
| Current assets | 29/58 | €84,846 | €169,842 | +€84,996 | +100% |
| Stocks and contracts in progress | 3 | €10,817 | €4,895 | -€5,922 | -54.8% |
| Stocks | 30/36 | €10,817 | €4,895 | -€5,922 | -54.8% |
| Amounts receivable within one year | 40/41 | €22,041 | €52,636 | +€30,594 | +139% |
| Trade receivables | 40 | €20,089 | €49,079 | +€28,990 | +144% |
| Other amounts receivable | 41 | €1,953 | €3,557 | +€1,604 | +82.1% |
| Cash at bank and in hand | 54/58 | €50,063 | €110,071 | +€60,008 | +120% |
| Deferred charges and accrued income | 490/1 | €1,924 | €2,240 | +€316 | +16.4% |
| Total equity and liabilities | 10/49 | €113,084 | €203,677 | +€90,593 | +80.1% |
| Equity | 10/15 | €72,144 | €94,955 | +€22,810 | +31.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €67,144 | €89,955 | +€22,810 | +34.0% |
| Distributable reserves | 133 | €67,144 | €89,955 | +€22,810 | +34.0% |
| Amounts payable | 17/49 | €40,939 | €108,723 | +€67,783 | +166% |
| Amounts payable within one year | 42/48 | €40,939 | €108,723 | +€67,783 | +166% |
| Trade debts | 44 | €18,358 | €35,395 | +€17,037 | +92.8% |
| Suppliers | 440/4 | €18,358 | €35,395 | +€17,037 | +92.8% |
| Taxes, remuneration and social security | 45 | €11,418 | €9,640 | -€1,778 | -15.6% |
| Taxes | 450/3 | €6,118 | €3,614 | -€2,505 | -40.9% |
| Remuneration and social security | 454/9 | €5,300 | €6,027 | +€727 | +13.7% |
| Other amounts payable | 47/48 | €11,164 | €63,687 | +€52,524 | +470% |
| Remuneration, social security and pensions | 62 | €36,100 | €38,526 | +€2,426 | +6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,314 | €7,463 | +€3,149 | +73.0% |
| Other operating charges | 640/8 | €1,843 | €1,565 | -€279 | -15.1% |
| Gross operating margin | 9900 | €129,184 | €148,496 | +€19,312 | +14.9% |
| Operating profit (loss) | 9901 | €86,927 | €100,943 | +€14,016 | +16.1% |
| Financial income | 75/76B | - | €1,286 | +€1,286 | |
| Recurring financial income | 75 | - | €1,286 | +€1,286 | |
| Financial charges | 65/66B | €936 | €3,425 | +€2,489 | +266% |
| Recurring financial charges | 65 | €936 | €3,425 | +€2,489 | +266% |
| Profit (loss) for the period before taxes | 9903 | €85,991 | €98,804 | +€12,812 | +14.9% |
| Income taxes | 67/77 | €18,047 | €25,193 | +€7,146 | +39.6% |
| Profit (loss) for the period | 9904 | €67,944 | €73,610 | +€5,666 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €67,944 | €73,610 | +€5,666 | +8.3% |
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 27 October 2026 via checked.be.