1 PROTECTION: 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.
1 PROTECTION
Largest movements
- Receivables within one year -€2,431
down €2,431 (-51.3%), from €4,737 to €2,306
of which Trade receivables: -€2,390
- Cash +€262
up €262 (+124%), from €211 to €473
mainly Other debts (+€4,090) and Receivables within one year (+€2,431)
- Profit (loss) carried forward -€6,049
down €6,049 (-38.7%), from -€15,648 to -€21,696
- Other debts +€4,090
up €4,090 (+342%), from €1,197 to €5,288
- Trade debts -€129
down €129 (-18.0%), from €717 to €588
- Short-term financial debts -€81
no longer reported in 2025 (was €81)
- Gross operating margin -€5,853
down €5,853, from €951 to -€4,902
- Other operating charges +€451
up €451 (+707%), from €64 to €515
- Financial charges -€450
down €450 (-41.6%), from €1,082 to €632
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 | €4,948 | €2,779 | -€2,169 | -43.8% |
| Current assets | 29/58 | €4,948 | €2,779 | -€2,169 | -43.8% |
| Amounts receivable within one year | 40/41 | €4,737 | €2,306 | -€2,431 | -51.3% |
| Trade receivables | 40 | €4,654 | €2,264 | -€2,390 | -51.4% |
| Other amounts receivable | 41 | €83 | €42 | -€41 | -49.4% |
| Cash at bank and in hand | 54/58 | €211 | €473 | +€262 | +124% |
| Total equity and liabilities | 10/49 | €4,948 | €2,779 | -€2,169 | -43.8% |
| Equity | 10/15 | €2,952 | -€3,096 | -€6,049 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,648 | -€21,696 | -€6,049 | -38.7% |
| Amounts payable | 17/49 | €1,996 | €5,876 | +€3,880 | +194% |
| Amounts payable within one year | 42/48 | €1,996 | €5,876 | +€3,880 | +194% |
| Financial debts | 43 | €81 | - | -€81 | |
| Credit institutions | 430/8 | €81 | - | -€81 | |
| Trade debts | 44 | €717 | €588 | -€129 | -18.0% |
| Suppliers | 440/4 | €717 | €588 | -€129 | -18.0% |
| Other amounts payable | 47/48 | €1,197 | €5,288 | +€4,090 | +342% |
| Other operating charges | 640/8 | €64 | €515 | +€451 | +707% |
| Gross operating margin | 9900 | €951 | -€4,902 | -€5,853 | |
| Operating profit (loss) | 9901 | €888 | -€5,417 | -€6,305 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,082 | €632 | -€450 | -41.6% |
| Recurring financial charges | 65 | €1,082 | €632 | -€450 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | -€195 | -€6,049 | -€5,854 | -3,008% |
| Profit (loss) for the period | 9904 | -€195 | -€6,049 | -€5,854 | -3,008% |
| Profit (loss) for the period to be appropriated | 9905 | -€195 | -€6,049 | -€5,854 | -3,008% |
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 15 October 2026 via checked.be.