PROGRESSUM: 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.
PROGRESSUM
Largest movements
- Tangible fixed assets -€17,336
down €17,336 (-14.2%), from €122,495 to €105,159
of which Land and buildings: -€20,298
- Current investments -€13,328
down €13,328 (-35.6%), from €37,402 to €24,074
- Debts after one year -€28,976
down €28,976 (-100%), from €28,976 to €0
of which Financial debts: -€28,976
- Profit (loss) carried forward +€5,146
up €5,146 (+95.0%), from -€5,417 to -€271
- Current portion of long-term debt -€4,560
down €4,560 (-13.6%), from €33,535 to €28,976
- Financial charges -€2,984
down €2,984 (-68.9%), from €4,329 to €1,346
- Financial income +€1,868
up €1,868 (+119%), from €1,570 to €3,439
- Gross operating margin -€311
down €311 (-1.2%), from €25,759 to €25,448
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 | €191,700 | €162,315 | -€29,385 | -15.3% |
| Fixed assets | 21/28 | €122,495 | €105,159 | -€17,336 | -14.2% |
| Tangible fixed assets | 22/27 | €122,495 | €105,159 | -€17,336 | -14.2% |
| Land and buildings | 22 | €122,495 | €102,197 | -€20,298 | -16.6% |
| Plant, machinery and equipment | 23 | - | €2,962 | +€2,962 | |
| Current assets | 29/58 | €69,205 | €57,156 | -€12,049 | -17.4% |
| Amounts receivable within one year | 40/41 | €197 | €361 | +€165 | +83.8% |
| Other amounts receivable | 41 | €197 | €361 | +€165 | +83.8% |
| Current investments | 50/53 | €37,402 | €24,074 | -€13,328 | -35.6% |
| Cash at bank and in hand | 54/58 | €30,931 | €32,346 | +€1,414 | +4.6% |
| Deferred charges and accrued income | 490/1 | €675 | €375 | -€300 | -44.5% |
| Total equity and liabilities | 10/49 | €191,700 | €162,315 | -€29,385 | -15.3% |
| Equity | 10/15 | €126,423 | €131,568 | +€5,146 | +4.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €119,439 | €119,439 | = | 0.0% |
| Distributable reserves | 133 | €119,439 | €119,439 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,417 | -€271 | +€5,146 | +95.0% |
| Amounts payable | 17/49 | €65,277 | €30,747 | -€34,530 | -52.9% |
| Amounts payable after more than one year | 17 | €28,976 | €0 | -€28,976 | -100% |
| Financial debts | 170/4 | €28,976 | €0 | -€28,976 | -100% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €34,372 | €29,787 | -€4,585 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €33,535 | €28,976 | -€4,560 | -13.6% |
| Other amounts payable | 47/48 | €837 | €812 | -€25 | -3.0% |
| Accrued charges and deferred income | 492/3 | €1,930 | €960 | -€970 | -50.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,298 | €20,487 | +€189 | +0.9% |
| Other operating charges | 640/8 | €1,856 | €1,909 | +€53 | +2.9% |
| Gross operating margin | 9900 | €25,759 | €25,448 | -€311 | -1.2% |
| Operating profit (loss) | 9901 | €3,606 | €3,052 | -€553 | -15.3% |
| Financial income | 75/76B | €1,570 | €3,439 | +€1,868 | +119% |
| Recurring financial income | 75 | €1,570 | €3,439 | +€1,868 | +119% |
| Financial charges | 65/66B | €4,329 | €1,346 | -€2,984 | -68.9% |
| Recurring financial charges | 65 | €4,329 | €1,346 | -€2,984 | -68.9% |
| Profit (loss) for the period before taxes | 9903 | €847 | €5,146 | +€4,299 | +508% |
| Profit (loss) for the period | 9904 | €847 | €5,146 | +€4,299 | +508% |
| Profit (loss) for the period to be appropriated | 9905 | €847 | €5,146 | +€4,299 | +508% |
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 19 October 2026 via checked.be.