PROGRESSO: 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.
What changed
PROGRESSO
NACE 70.200, Business and other management consultancy
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€321,853
2024 · €30,971+€290,882
Equity
€466,483
2024 · €144,629+€321,853
Cash
€45,869
2024 · €53,073-€7,203
Balance sheet total
€3.1m
2024 · €3.1m+€13,106
Largest movements
Assets
- Receivables within one year +€41,987
up €41,987 (+44.6%), from €94,176 to €136,163
of which Other amounts receivable: +€32,629
Equity and liabilities
- Debts after one year -€321,543
down €321,543 (-13.3%), from €2.4m to €2.1m
of which Financial debts: -€975,114
- Profit (loss) carried forward +€289,787
up €289,787, from -€289,787 to €0
- Reserves +€32,066
up €32,066 (+7.8%), from €409,625 to €441,691
of which Distributable reserves: +€45,333
Income statement
- Financial income +€247,222
up €247,222 (+4954.1%), from €4,990 to €252,212
- Gross operating margin +€92,740
up €92,740 (+61.2%), from €151,473 to €244,213
- Taxes +€27,970
up €27,970 (+148.2%), from €18,873 to €46,843
- Financial charges +€18,553
up €18,553 (+26.8%), from €69,251 to €87,805
of which Financial charges: +€16,987
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.
Result 2024
€30,971
Gross operating margin
+€92,740
Depreciation
-€385
Other operating charges
-€2,172
Financial income
+€247,222
Financial charges
-€18,553
Taxes
-€27,970
Result 2025
€321,853
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.
From operations
+€329,482
Investment
-€11,194
Financing
-€325,491
Cash 2024
€53,073
From operations (derived)
+€329,482
Net result for the year
+€321,853
Depreciation
+€34,402
Receivables after one year
+€4,704
Receivables within one year
-€41,987
Deferred charges and accrued income
-€6,234
Provisions
-€3,400
Trade debts
+€13,258
Tax, wage and social debts
+€19,866
Accrued charges and deferred income
-€12,981
Investment (derived)
-€11,194
Investment in fixed assets (net)
-€11,194
Financing
-€325,491
Debts after one year
-€321,543
Current portion of long-term debt
-€3,001
Short-term financial debts
-€948
Cash 2025
€45,869
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,054,825 | €3,067,930 | +€13,106 | +0.4% |
| Fixed assets | 21/28 | €2,835,383 | €2,812,175 | -€23,208 | -0.8% |
| Intangible fixed assets | 21 | €71,299 | €71,299 | = | 0.0% |
| Tangible fixed assets | 22/27 | €928,346 | €906,705 | -€21,641 | -2.3% |
| Land and buildings | 22 | €928,346 | €894,329 | -€34,018 | -3.7% |
| Furniture and vehicles | 24 | €0 | €12,376 | +€12,376 | |
| Financial fixed assets | 28 | €1,835,738 | €1,834,171 | -€1,567 | -0.1% |
| Current assets | 29/58 | €219,442 | €255,756 | +€36,314 | +16.5% |
| Amounts receivable after more than one year | 29 | €72,194 | €67,490 | -€4,704 | -6.5% |
| Other amounts receivable | 291 | €72,194 | €67,490 | -€4,704 | -6.5% |
| Amounts receivable within one year | 40/41 | €94,176 | €136,163 | +€41,987 | +44.6% |
| Trade receivables | 40 | €70,000 | €79,358 | +€9,358 | +13.4% |
| Other amounts receivable | 41 | €24,176 | €56,804 | +€32,629 | +135.0% |
| Cash at bank and in hand | 54/58 | €53,073 | €45,869 | -€7,203 | -13.6% |
| Deferred charges and accrued income | 490/1 | - | €6,234 | +€6,234 | |
| Total equity and liabilities | 10/49 | €3,054,825 | €3,067,930 | +€13,106 | +0.4% |
| Equity | 10/15 | €144,629 | €466,483 | +€321,853 | +222.5% |
| Contributions | 10/11 | €24,792 | €24,792 | = | 0.0% |
| Reserves | 13 | €409,625 | €441,691 | +€32,066 | +7.8% |
| Non-distributable reserves | 130/1 | €3,719 | €3,719 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,719 | €3,719 | = | 0.0% |
| Tax-exempt reserves | 132 | €348,207 | €334,940 | -€13,267 | -3.8% |
| Distributable reserves | 133 | €57,699 | €103,032 | +€45,333 | +78.6% |
| Profit (loss) carried forward | 14 | -€289,787 | €0 | +€289,787 | |
| Provisions and deferred taxes | 16 | €89,239 | €85,839 | -€3,400 | -3.8% |
| Deferred taxes | 168 | €89,239 | €85,839 | -€3,400 | -3.8% |
| Amounts payable | 17/49 | €2,820,957 | €2,515,609 | -€305,348 | -10.8% |
| Amounts payable after more than one year | 17 | €2,409,302 | €2,087,759 | -€321,543 | -13.3% |
| Financial debts | 170/4 | €2,409,302 | €1,434,188 | -€975,114 | -40.5% |
| Other amounts payable | 178/9 | - | €653,571 | +€653,571 | |
| Amounts payable within one year | 42/48 | €352,411 | €381,588 | +€29,176 | +8.3% |
| Current portion of amounts payable after more than one year | 42 | €324,543 | €321,543 | -€3,001 | -0.9% |
| Financial debts | 43 | €948 | €0 | -€948 | -100.0% |
| Credit institutions | 430/8 | €948 | €0 | -€948 | -100.0% |
| Trade debts | 44 | - | €13,258 | +€13,258 | |
| Suppliers | 440/4 | - | €13,258 | +€13,258 | |
| Taxes, remuneration and social security | 45 | €26,920 | €46,787 | +€19,866 | +73.8% |
| Taxes | 450/3 | €26,920 | €46,787 | +€19,866 | +73.8% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €59,243 | €46,262 | -€12,981 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,018 | €34,402 | +€385 | +1.1% |
| Other operating charges | 640/8 | €6,750 | €8,922 | +€2,172 | +32.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €151,473 | €244,213 | +€92,740 | +61.2% |
| Operating profit (loss) | 9901 | €110,705 | €200,889 | +€90,183 | +81.5% |
| Financial income | 75/76B | €4,990 | €252,212 | +€247,222 | +4954.1% |
| Recurring financial income | 75 | €4,990 | €252,212 | +€247,222 | +4954.1% |
| Financial charges | 65/66B | €69,251 | €87,805 | +€18,553 | +26.8% |
| Recurring financial charges | 65 | €69,251 | €86,238 | +€16,987 | +24.5% |
| Non-recurring financial charges | 66B | - | €1,567 | +€1,567 | |
| Profit (loss) for the period before taxes | 9903 | €46,444 | €365,296 | +€318,852 | +686.5% |
| Transfer from deferred taxes | 780 | €3,400 | €3,400 | = | 0.0% |
| Income taxes | 67/77 | €18,873 | €46,843 | +€27,970 | +148.2% |
| Profit (loss) for the period | 9904 | €30,971 | €321,853 | +€290,882 | +939.2% |
| Transfer from tax-exempt reserves | 789 | €13,267 | €13,267 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,238 | €335,120 | +€290,882 | +657.5% |
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 12 October 2026 via checked.be.