ProgressWays: 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.
ProgressWays
Largest movements
- Cash +€275,449
up €275,449 (+79.7%), from €345,421 to €620,870
mainly Net result for the year (+€226,697) and Tax, wage and social debts (+€61,153)
- Receivables within one year +€32,272
up €32,272 (+637.7%), from €5,061 to €37,332
- Tangible fixed assets -€16,428
down €16,428 (-21.2%), from €77,460 to €61,032
of which Furniture and vehicles: -€16,024
- Profit (loss) carried forward +€226,697
up €226,697 (+74.9%), from €302,834 to €529,531
- Tax, wage and social debts +€61,153
up €61,153 (+52.1%), from €117,313 to €178,466
- Gross operating margin -€105,076
down €105,076 (-25.1%), from €418,151 to €313,074
- Taxes -€25,552
down €25,552 (-25.1%), from €101,720 to €76,168
- Financial income +€8,100
up €8,100 (+421.0%), from €1,924 to €10,024
- Depreciation +€5,441
up €5,441 (+37.1%), from €14,661 to €20,103
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 | €428,372 | €719,702 | +€291,330 | +68.0% |
| Fixed assets | 21/28 | €77,460 | €61,032 | -€16,428 | -21.2% |
| Tangible fixed assets | 22/27 | €77,460 | €61,032 | -€16,428 | -21.2% |
| Furniture and vehicles | 24 | €73,731 | €57,707 | -€16,024 | -21.7% |
| Other tangible fixed assets | 26 | €3,729 | €3,325 | -€403 | -10.8% |
| Current assets | 29/58 | €350,912 | €658,670 | +€307,757 | +87.7% |
| Amounts receivable within one year | 40/41 | €5,061 | €37,332 | +€32,272 | +637.7% |
| Trade receivables | 40 | €5,061 | €37,332 | +€32,272 | +637.7% |
| Cash at bank and in hand | 54/58 | €345,421 | €620,870 | +€275,449 | +79.7% |
| Deferred charges and accrued income | 490/1 | €431 | €468 | +€37 | +8.5% |
| Total equity and liabilities | 10/49 | €428,372 | €719,702 | +€291,330 | +68.0% |
| Equity | 10/15 | €307,834 | €534,531 | +€226,697 | +73.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €302,834 | €529,531 | +€226,697 | +74.9% |
| Amounts payable | 17/49 | €120,538 | €185,171 | +€64,633 | +53.6% |
| Amounts payable within one year | 42/48 | €120,467 | €185,171 | +€64,704 | +53.7% |
| Trade debts | 44 | €240 | - | -€240 | |
| Suppliers | 440/4 | €240 | - | -€240 | |
| Taxes, remuneration and social security | 45 | €117,313 | €178,466 | +€61,153 | +52.1% |
| Taxes | 450/3 | €117,313 | €178,466 | +€61,153 | +52.1% |
| Other amounts payable | 47/48 | €2,913 | €6,705 | +€3,792 | +130.1% |
| Accrued charges and deferred income | 492/3 | €71 | - | -€71 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,661 | €20,103 | +€5,441 | +37.1% |
| Gross operating margin | 9900 | €418,151 | €313,074 | -€105,076 | -25.1% |
| Operating profit (loss) | 9901 | €403,489 | €292,972 | -€110,518 | -27.4% |
| Financial income | 75/76B | €1,924 | €10,024 | +€8,100 | +421.0% |
| Recurring financial income | 75 | €1,924 | €10,024 | +€8,100 | +421.0% |
| Financial charges | 65/66B | €859 | €131 | -€728 | -84.7% |
| Recurring financial charges | 65 | €95 | €131 | +€36 | +38.1% |
| Non-recurring financial charges | 66B | €764 | - | -€764 | |
| Profit (loss) for the period before taxes | 9903 | €404,554 | €302,865 | -€101,690 | -25.1% |
| Income taxes | 67/77 | €101,720 | €76,168 | -€25,552 | -25.1% |
| Profit (loss) for the period | 9904 | €302,834 | €226,697 | -€76,138 | -25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €302,834 | €226,697 | -€76,138 | -25.1% |
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 30 September 2026 via checked.be.