A.S. PROTECTION: what changed
A.S. PROTECTION
Largest movements
- Cash -€31,916
down €31,916 (-70.9%), from €45,023 to €13,108
mainly Current investments (-€25,998) and Debts after one year (-€7,523)
- Current investments +€25,998
new in 2025: €25,998
- Tangible fixed assets -€8,586
down €8,586 (-21.3%), from €40,369 to €31,783
- Stocks and contracts +€4,169
up €4,169 (+33.4%), from €12,469 to €16,638
- Receivables within one year +€2,023
up €2,023 (+7.0%), from €28,887 to €30,910
of which Trade receivables: +€3,116
- Debts after one year -€7,523
down €7,523 (-27.9%), from €26,982 to €19,459
- Tax, wage and social debts +€4,411
up €4,411 (+91.1%), from €4,843 to €9,254
of which Remuneration and social security: +€3,684
- Trade debts -€3,025
down €3,025 (-29.8%), from €10,164 to €7,139
- Other debts -€1,664
down €1,664 (-33.5%), from €4,971 to €3,308
- Gross operating margin +€19,174
up €19,174 (+33.3%), from €57,512 to €76,686
- Depreciation +€6,567
up €6,567 (+135%), from €4,873 to €11,440
- Taxes +€2,630
up €2,630 (+1,027%), from €256 to €2,886
- Staff costs +€1,690
up €1,690 (+3.1%), from €54,910 to €56,600
- Financial income +€987
up €987 (+171%), from €577 to €1,564
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €135,032 | €125,729 | -€9,303 | -6.9% |
| Fixed assets | 21/28 | €40,369 | €31,783 | -€8,586 | -21.3% |
| Tangible fixed assets | 22/27 | €40,369 | €31,783 | -€8,586 | -21.3% |
| Furniture and vehicles | 24 | €40,369 | €31,783 | -€8,586 | -21.3% |
| Current assets | 29/58 | €94,663 | €93,946 | -€717 | -0.8% |
| Stocks and contracts in progress | 3 | €12,469 | €16,638 | +€4,169 | +33.4% |
| Stocks | 30/36 | €12,469 | €16,638 | +€4,169 | +33.4% |
| Amounts receivable within one year | 40/41 | €28,887 | €30,910 | +€2,023 | +7.0% |
| Trade receivables | 40 | €24,164 | €27,280 | +€3,116 | +12.9% |
| Other amounts receivable | 41 | €4,723 | €3,630 | -€1,093 | -23.1% |
| Current investments | 50/53 | - | €25,998 | +€25,998 | |
| Cash at bank and in hand | 54/58 | €45,023 | €13,108 | -€31,916 | -70.9% |
| Deferred charges and accrued income | 490/1 | €8,284 | €7,293 | -€991 | -12.0% |
| Total equity and liabilities | 10/49 | €135,032 | €125,729 | -€9,303 | -6.9% |
| Equity | 10/15 | €61,979 | €62,012 | +€33 | +0.1% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €23,144 | €23,144 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,500 | - | -€2,500 | |
| Reserves not available under the articles | 1311 | €2,500 | - | -€2,500 | |
| Tax-exempt reserves | 132 | - | €3,644 | +€3,644 | |
| Distributable reserves | 133 | €20,644 | €19,500 | -€1,144 | -5.5% |
| Profit (loss) carried forward | 14 | €13,835 | €13,868 | +€33 | +0.2% |
| Amounts payable | 17/49 | €73,053 | €63,717 | -€9,336 | -12.8% |
| Amounts payable after more than one year | 17 | €26,982 | €19,459 | -€7,523 | -27.9% |
| Financial debts | 170/4 | €26,982 | €19,459 | -€7,523 | -27.9% |
| Amounts payable within one year | 42/48 | €28,782 | €28,014 | -€768 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €8,804 | €7,523 | -€1,280 | -14.5% |
| Trade debts | 44 | €10,164 | €7,139 | -€3,025 | -29.8% |
| Suppliers | 440/4 | €10,164 | €7,139 | -€3,025 | -29.8% |
| Advances received on contracts in progress | 46 | - | €790 | +€790 | |
| Taxes, remuneration and social security | 45 | €4,843 | €9,254 | +€4,411 | +91.1% |
| Taxes | 450/3 | €265 | €992 | +€727 | +274% |
| Remuneration and social security | 454/9 | €4,578 | €8,262 | +€3,684 | +80.5% |
| Other amounts payable | 47/48 | €4,971 | €3,308 | -€1,664 | -33.5% |
| Accrued charges and deferred income | 492/3 | €17,289 | €16,244 | -€1,045 | -6.0% |
| Remuneration, social security and pensions | 62 | €54,910 | €56,600 | +€1,690 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,873 | €11,440 | +€6,567 | +135% |
| Other operating charges | 640/8 | €384 | €1,236 | +€852 | +222% |
| Gross operating margin | 9900 | €57,512 | €76,686 | +€19,174 | +33.3% |
| Operating profit (loss) | 9901 | -€2,656 | €7,410 | +€10,065 | |
| Financial income | 75/76B | €577 | €1,564 | +€987 | +171% |
| Recurring financial income | 75 | €577 | €1,564 | +€987 | +171% |
| Financial charges | 65/66B | €857 | €1,756 | +€898 | +105% |
| Recurring financial charges | 65 | €857 | €1,756 | +€898 | +105% |
| Profit (loss) for the period before taxes | 9903 | -€2,936 | €7,219 | +€10,154 | |
| Income taxes | 67/77 | €256 | €2,886 | +€2,630 | +1,027% |
| Profit (loss) for the period | 9904 | -€3,192 | €4,333 | +€7,525 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,192 | €4,333 | +€7,525 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.