PROGRS: 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.
PROGRS
Largest movements
- Cash -€29,386
down €29,386 (-45.4%), from €64,658 to €35,272
mainly Contributions, distributions and other (-€52,165) and Investment in fixed assets (net) (-€3,816)
- Receivables within one year -€4,160
down €4,160 (-39.2%), from €10,608 to €6,448
of which Trade receivables: -€2,425
- Tangible fixed assets +€2,138
up €2,138 (+72.2%), from €2,962 to €5,100
- Stocks and contracts -€1,061
down €1,061 (-11.5%), from €9,265 to €8,204
- Reserves -€41,349
down €41,349 (-58.8%), from €70,378 to €29,029
- Profit (loss) carried forward +€6,249
no longer reported in 2025 (was -€6,249)
- Tax, wage and social debts +€3,847
up €3,847 (+456%), from €843 to €4,690
- Other debts -€1,750
down €1,750 (-81.0%), from €2,161 to €411
- Gross operating margin +€19,238
up €19,238 (+276%), from €6,965 to €26,203
- Taxes +€6,422
up €6,422 (+457%), from €1,406 to €7,829
- Financial income +€985
up €985 (+209%), from €471 to €1,456
- Depreciation +€535
up €535 (+46.8%), from €1,143 to €1,679
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 | €88,094 | €55,625 | -€32,469 | -36.9% |
| Fixed assets | 21/28 | €2,962 | €5,100 | +€2,138 | +72.2% |
| Tangible fixed assets | 22/27 | €2,962 | €5,100 | +€2,138 | +72.2% |
| Furniture and vehicles | 24 | €2,962 | €5,100 | +€2,138 | +72.2% |
| Current assets | 29/58 | €85,132 | €50,525 | -€34,607 | -40.7% |
| Stocks and contracts in progress | 3 | €9,265 | €8,204 | -€1,061 | -11.5% |
| Stocks | 30/36 | €9,265 | €8,204 | -€1,061 | -11.5% |
| Amounts receivable within one year | 40/41 | €10,608 | €6,448 | -€4,160 | -39.2% |
| Trade receivables | 40 | €8,873 | €6,448 | -€2,425 | -27.3% |
| Other amounts receivable | 41 | €1,735 | - | -€1,735 | |
| Cash at bank and in hand | 54/58 | €64,658 | €35,272 | -€29,386 | -45.4% |
| Deferred charges and accrued income | 490/1 | €600 | €600 | = | 0.0% |
| Total equity and liabilities | 10/49 | €88,094 | €55,625 | -€32,469 | -36.9% |
| Equity | 10/15 | €82,721 | €47,621 | -€35,100 | -42.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €70,378 | €29,029 | -€41,349 | -58.8% |
| Distributable reserves | 133 | €70,378 | €29,029 | -€41,349 | -58.8% |
| Profit (loss) carried forward | 14 | -€6,249 | - | +€6,249 | |
| Amounts payable | 17/49 | €5,374 | €8,004 | +€2,630 | +49.0% |
| Amounts payable within one year | 42/48 | €5,374 | €8,004 | +€2,630 | +49.0% |
| Trade debts | 44 | €2,369 | €2,902 | +€533 | +22.5% |
| Suppliers | 440/4 | €2,369 | €2,902 | +€533 | +22.5% |
| Taxes, remuneration and social security | 45 | €843 | €4,690 | +€3,847 | +456% |
| Taxes | 450/3 | €843 | €4,690 | +€3,847 | +456% |
| Other amounts payable | 47/48 | €2,161 | €411 | -€1,750 | -81.0% |
| Non-recurring operating income | 76A | €25 | - | -€25 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,143 | €1,679 | +€535 | +46.8% |
| Other operating charges | 640/8 | €1,131 | €997 | -€134 | -11.9% |
| Gross operating margin | 9900 | €6,965 | €26,203 | +€19,238 | +276% |
| Operating profit (loss) | 9901 | €4,691 | €23,527 | +€18,837 | +402% |
| Financial income | 75/76B | €471 | €1,456 | +€985 | +209% |
| Recurring financial income | 75 | €471 | €1,456 | +€985 | +209% |
| Financial charges | 65/66B | €102 | €90 | -€12 | -11.5% |
| Recurring financial charges | 65 | €102 | €90 | -€12 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €5,060 | €24,894 | +€19,834 | +392% |
| Income taxes | 67/77 | €1,406 | €7,829 | +€6,422 | +457% |
| Profit (loss) for the period | 9904 | €3,654 | €17,065 | +€13,411 | +367% |
| Profit (loss) for the period to be appropriated | 9905 | €3,654 | €17,065 | +€13,411 | +367% |
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 13 October 2026 via checked.be.