BecauseProtectionMatters: 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.
BecauseProtectionMatters
Largest movements
- Receivables within one year -€1.2m
down €1.2m (-91.1%), from €1.3m to €113,884
of which Other amounts receivable: -€1.3m
- Cash +€619,640
up €619,640 (+299.0%), from €207,247 to €826,887
mainly Receivables within one year (+€1.2m) and Current investments (+€500,000)
- Current investments -€500,000
no longer reported in 2025 (was €500,000)
- Current portion of long-term debt -€1.3m
down €1.3m (-67.3%), from €1.9m to €607,143
- Profit (loss) carried forward +€337,554
up €337,554 (+8.3%), from €4.1m to €4.4m
- Financial income -€4.1m
down €4.1m (-96.5%), from €4.3m to €150,243
- Financial charges -€204,280
down €204,280 (-25.0%), from €816,788 to €612,508
- Gross operating margin +€67,972
up €67,972 (+9.1%), from €750,233 to €818,205
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 | €31,854,826 | €30,797,507 | -€1.1m | -3.3% |
| Fixed assets | 21/28 | €29,856,440 | €29,856,440 | = | 0.0% |
| Financial fixed assets | 28 | €29,856,440 | €29,856,440 | = | 0.0% |
| Current assets | 29/58 | €1,998,385 | €941,067 | -€1.1m | -52.9% |
| Amounts receivable within one year | 40/41 | €1,286,793 | €113,884 | -€1.2m | -91.1% |
| Trade receivables | 40 | €14,375 | €93,905 | +€79,530 | +553.3% |
| Other amounts receivable | 41 | €1,272,418 | €19,979 | -€1.3m | -98.4% |
| Current investments | 50/53 | €500,000 | - | -€500,000 | |
| Cash at bank and in hand | 54/58 | €207,247 | €826,887 | +€619,640 | +299.0% |
| Deferred charges and accrued income | 490/1 | €4,346 | €296 | -€4,050 | -93.2% |
| Total equity and liabilities | 10/49 | €31,854,826 | €30,797,507 | -€1.1m | -3.3% |
| Equity | 10/15 | €9,933,353 | €10,288,673 | +€355,320 | +3.6% |
| Contributions | 10/11 | €5,634,000 | €5,634,000 | = | 0.0% |
| Capital | 10 | €5,634,000 | €5,634,000 | = | 0.0% |
| Issued capital | 100 | €5,634,000 | €5,634,000 | = | 0.0% |
| Reserves | 13 | €214,968 | €232,734 | +€17,766 | +8.3% |
| Non-distributable reserves | 130/1 | €214,968 | €232,734 | +€17,766 | +8.3% |
| Legal reserve | 130 | €214,968 | €232,734 | +€17,766 | +8.3% |
| Profit (loss) carried forward | 14 | €4,084,385 | €4,421,940 | +€337,554 | +8.3% |
| Amounts payable | 17/49 | €21,921,473 | €20,508,834 | -€1.4m | -6.4% |
| Amounts payable after more than one year | 17 | €19,428,553 | €19,305,029 | -€123,525 | -0.6% |
| Financial debts | 170/4 | €19,428,553 | €19,305,029 | -€123,525 | -0.6% |
| Amounts payable within one year | 42/48 | €1,983,727 | €703,235 | -€1.3m | -64.5% |
| Current portion of amounts payable after more than one year | 42 | €1,857,143 | €607,143 | -€1.3m | -67.3% |
| Trade debts | 44 | €125,369 | €96,093 | -€29,276 | -23.4% |
| Suppliers | 440/4 | €125,369 | €96,093 | -€29,276 | -23.4% |
| Taxes, remuneration and social security | 45 | €1,215 | - | -€1,215 | |
| Taxes | 450/3 | €1,215 | - | -€1,215 | |
| Accrued charges and deferred income | 492/3 | €509,192 | €500,569 | -€8,623 | -1.7% |
| Other operating charges | 640/8 | €610 | €619 | +€9 | +1.5% |
| Gross operating margin | 9900 | €750,233 | €818,205 | +€67,972 | +9.1% |
| Operating profit (loss) | 9901 | €749,623 | €817,585 | +€67,962 | +9.1% |
| Financial income | 75/76B | €4,259,885 | €150,243 | -€4.1m | -96.5% |
| Recurring financial income | 75 | €4,259,885 | €150,243 | -€4.1m | -96.5% |
| Financial charges | 65/66B | €816,788 | €612,508 | -€204,280 | -25.0% |
| Recurring financial charges | 65 | €816,788 | €612,508 | -€204,280 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €4,192,720 | €355,320 | -€3.8m | -91.5% |
| Profit (loss) for the period | 9904 | €4,192,720 | €355,320 | -€3.8m | -91.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,192,720 | €355,320 | -€3.8m | -91.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.