PROGRESSIVUM: 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.
PROGRESSIVUM
Largest movements
- Receivables within one year -€56,857
down €56,857 (-66.8%), from €85,083 to €28,226
of which Trade receivables: -€57,346
- Cash -€13,045
down €13,045 (-72.9%), from €17,906 to €4,861
mainly Trade debts (-€59,920) and Net result for the year (-€13,977)
- Deferred charges and accrued income -€3,995
down €3,995 (-89.9%), from €4,442 to €448
- Trade debts -€59,920
down €59,920 (-36.6%), from €163,727 to €103,808
- Profit (loss) carried forward -€13,977
down €13,977 (-8.9%), from -€156,296 to -€170,273
- Gross operating margin +€141,412
up €141,412 (+91.3%), from -€154,899 to -€13,487
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 | €107,431 | €33,535 | -€73,897 | -68.8% |
| Current assets | 29/58 | €107,431 | €33,535 | -€73,897 | -68.8% |
| Amounts receivable within one year | 40/41 | €85,083 | €28,226 | -€56,857 | -66.8% |
| Trade receivables | 40 | €71,140 | €13,794 | -€57,346 | -80.6% |
| Other amounts receivable | 41 | €13,942 | €14,432 | +€490 | +3.5% |
| Cash at bank and in hand | 54/58 | €17,906 | €4,861 | -€13,045 | -72.9% |
| Deferred charges and accrued income | 490/1 | €4,442 | €448 | -€3,995 | -89.9% |
| Total equity and liabilities | 10/49 | €107,431 | €33,535 | -€73,897 | -68.8% |
| Equity | 10/15 | -€56,296 | -€70,273 | -€13,977 | -24.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€156,296 | -€170,273 | -€13,977 | -8.9% |
| Amounts payable | 17/49 | €163,727 | €103,808 | -€59,920 | -36.6% |
| Amounts payable within one year | 42/48 | €163,727 | €103,808 | -€59,920 | -36.6% |
| Trade debts | 44 | €163,727 | €103,808 | -€59,920 | -36.6% |
| Suppliers | 440/4 | €163,727 | €103,808 | -€59,920 | -36.6% |
| Other operating charges | 640/8 | €999 | €400 | -€599 | -60.0% |
| Gross operating margin | 9900 | -€154,899 | -€13,487 | +€141,412 | +91.3% |
| Operating profit (loss) | 9901 | -€155,898 | -€13,887 | +€142,011 | +91.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €398 | €90 | -€309 | -77.5% |
| Recurring financial charges | 65 | €398 | €90 | -€309 | -77.5% |
| Profit (loss) for the period before taxes | 9903 | -€156,296 | -€13,977 | +€142,319 | +91.1% |
| Profit (loss) for the period | 9904 | -€156,296 | -€13,977 | +€142,319 | +91.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€156,296 | -€13,977 | +€142,319 | +91.1% |
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.