PROgroup BELGIUM: 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.
PROgroup BELGIUM
Largest movements
- Receivables within one year -€137,494
down €137,494 (-46.3%), from €296,993 to €159,500
of which Trade receivables: -€103,134
- Cash +€118,541
up €118,541 (+424%), from €27,952 to €146,493
mainly Receivables within one year (+€137,494) and Depreciation (+€22,567)
- Tangible fixed assets -€21,937
down €21,937 (-48.1%), from €45,625 to €23,688
of which Furniture and vehicles: -€13,798
- Other debts -€43,438
down €43,438 (-62.5%), from €69,500 to €26,063
- Tax, wage and social debts +€21,456
up €21,456 (+64.5%), from €33,258 to €54,714
of which Taxes: +€12,931
- Profit (loss) carried forward -€9,232
down €9,232 (-14.4%), from €64,190 to €54,958
- Debts after one year -€6,817
down €6,817 (-100%), from €6,817 to €0
- Gross operating margin -€4,809
down €4,809 (-5.0%), from €96,943 to €92,135
- Staff costs +€3,204
up €3,204 (+4.7%), from €67,812 to €71,016
- Taxes +€2,719
up €2,719 (+333%), from €816 to €3,536
- Depreciation -€2,692
down €2,692 (-10.7%), from €25,259 to €22,567
- Financial charges +€1,624
up €1,624 (+417%), from €389 to €2,013
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 | €374,195 | €336,639 | -€37,556 | -10.0% |
| Fixed assets | 21/28 | €45,625 | €23,688 | -€21,937 | -48.1% |
| Tangible fixed assets | 22/27 | €45,625 | €23,688 | -€21,937 | -48.1% |
| Plant, machinery and equipment | 23 | €5,749 | €4,373 | -€1,376 | -23.9% |
| Furniture and vehicles | 24 | €27,720 | €13,922 | -€13,798 | -49.8% |
| Leasing and similar rights | 25 | €9,095 | €2,981 | -€6,113 | -67.2% |
| Other tangible fixed assets | 26 | €3,062 | €2,411 | -€651 | -21.3% |
| Current assets | 29/58 | €328,570 | €312,952 | -€15,618 | -4.8% |
| Amounts receivable within one year | 40/41 | €296,993 | €159,500 | -€137,494 | -46.3% |
| Trade receivables | 40 | €259,718 | €156,584 | -€103,134 | -39.7% |
| Other amounts receivable | 41 | €37,276 | €2,916 | -€34,360 | -92.2% |
| Cash at bank and in hand | 54/58 | €27,952 | €146,493 | +€118,541 | +424% |
| Deferred charges and accrued income | 490/1 | €3,624 | €6,959 | +€3,334 | +92.0% |
| Total equity and liabilities | 10/49 | €374,195 | €336,639 | -€37,556 | -10.0% |
| Equity | 10/15 | €209,483 | €200,251 | -€9,232 | -4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €126,694 | €126,694 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €124,834 | €124,834 | = | 0.0% |
| Profit (loss) carried forward | 14 | €64,190 | €54,958 | -€9,232 | -14.4% |
| Amounts payable | 17/49 | €164,712 | €136,388 | -€28,324 | -17.2% |
| Amounts payable after more than one year | 17 | €6,817 | €0 | -€6,817 | -100% |
| Financial debts | 170/4 | €6,817 | €0 | -€6,817 | -100% |
| Amounts payable within one year | 42/48 | €157,895 | €136,388 | -€21,507 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €5,746 | €6,817 | +€1,071 | +18.6% |
| Trade debts | 44 | €49,390 | €48,794 | -€596 | -1.2% |
| Suppliers | 440/4 | €49,390 | €48,794 | -€596 | -1.2% |
| Taxes, remuneration and social security | 45 | €33,258 | €54,714 | +€21,456 | +64.5% |
| Taxes | 450/3 | €16,482 | €29,413 | +€12,931 | +78.5% |
| Remuneration and social security | 454/9 | €16,776 | €25,301 | +€8,525 | +50.8% |
| Other amounts payable | 47/48 | €69,500 | €26,063 | -€43,438 | -62.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €67,812 | €71,016 | +€3,204 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,259 | €22,567 | -€2,692 | -10.7% |
| Other operating charges | 640/8 | €854 | €993 | +€140 | +16.4% |
| Non-recurring operating charges | 66A | - | €1,361 | +€1,361 | |
| Gross operating margin | 9900 | €96,943 | €92,135 | -€4,809 | -5.0% |
| Operating profit (loss) | 9901 | €3,019 | -€3,803 | -€6,822 | |
| Financial income | 75/76B | €1,632 | €120 | -€1,513 | -92.7% |
| Recurring financial income | 75 | €1,632 | €120 | -€1,513 | -92.7% |
| Financial charges | 65/66B | €389 | €2,013 | +€1,624 | +417% |
| Recurring financial charges | 65 | €389 | €2,013 | +€1,624 | +417% |
| Profit (loss) for the period before taxes | 9903 | €4,262 | -€5,696 | -€9,958 | |
| Income taxes | 67/77 | €816 | €3,536 | +€2,719 | +333% |
| Profit (loss) for the period | 9904 | €3,446 | -€9,232 | -€12,678 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,446 | -€9,232 | -€12,678 |
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 24 October 2026 via checked.be.