CLOSE PROTECTION GUARD: what changed
Two fiscal 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.
CLOSE PROTECTION GUARD
Largest movements
- Receivables within one year -€34,689
down €34,689 (-90.3%), from €38,422 to €3,732
of which Trade receivables: -€30,588
- Cash -€2,337
down €2,337 (-99.5%), from €2,348 to €11
mainly Net result for the year (-€48,537) and Accrued charges and deferred income (-€18,662)
- Deferred charges and accrued income -€1,543
down €1,543 (-87.8%), from €1,757 to €214
- Intangible fixed assets -€1,498
down €1,498 (-26.1%), from €5,741 to €4,244
- Profit (loss) carried forward -€48,537
down €48,537 (-76.8%), from -€63,207 to -€111,744
- Accrued charges and deferred income -€18,662
no longer reported in 2025 (was €18,662)
- Other debts +€17,354
up €17,354 (+95.2%), from €18,234 to €35,588
- Tax, wage and social debts +€13,396
up €13,396 (+49.9%), from €26,869 to €40,265
of which Remuneration and social security: +€7,392
- Debts after one year -€2,497
down €2,497 (-14.5%), from €17,211 to €14,713
- Gross operating margin +€31,377
up €31,377 (+116.8%), from €26,874 to €58,251
- Staff costs +€14,515
up €14,515 (+18.9%), from €76,773 to €91,288
- Write-downs +€11,007
new in 2025: €11,007
- Other operating charges -€7,791
down €7,791 (-83.7%), from €9,307 to €1,516
- Financial charges -€744
down €744 (-33.0%), from €2,255 to €1,512
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 | €48,369 | €8,302 | -€40,067 | -82.8% |
| Fixed assets | 21/28 | €5,841 | €4,344 | -€1,498 | -25.6% |
| Intangible fixed assets | 21 | €5,741 | €4,244 | -€1,498 | -26.1% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €42,527 | €3,958 | -€38,569 | -90.7% |
| Amounts receivable within one year | 40/41 | €38,422 | €3,732 | -€34,689 | -90.3% |
| Trade receivables | 40 | €33,627 | €3,038 | -€30,588 | -91.0% |
| Other amounts receivable | 41 | €4,795 | €694 | -€4,101 | -85.5% |
| Cash at bank and in hand | 54/58 | €2,348 | €11 | -€2,337 | -99.5% |
| Deferred charges and accrued income | 490/1 | €1,757 | €214 | -€1,543 | -87.8% |
| Total equity and liabilities | 10/49 | €48,369 | €8,302 | -€40,067 | -82.8% |
| Equity | 10/15 | -€58,207 | -€106,744 | -€48,537 | -83.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,207 | -€111,744 | -€48,537 | -76.8% |
| Amounts payable | 17/49 | €106,576 | €115,046 | +€8,470 | +7.9% |
| Amounts payable after more than one year | 17 | €17,211 | €14,713 | -€2,497 | -14.5% |
| Financial debts | 170/4 | €17,211 | €14,713 | -€2,497 | -14.5% |
| Amounts payable within one year | 42/48 | €70,703 | €100,332 | +€29,629 | +41.9% |
| Current portion of amounts payable after more than one year | 42 | €4,093 | €2,497 | -€1,595 | -39.0% |
| Trade debts | 44 | €21,507 | €21,982 | +€475 | +2.2% |
| Suppliers | 440/4 | €21,507 | €21,982 | +€475 | +2.2% |
| Taxes, remuneration and social security | 45 | €26,869 | €40,265 | +€13,396 | +49.9% |
| Taxes | 450/3 | €13,083 | €19,087 | +€6,003 | +45.9% |
| Remuneration and social security | 454/9 | €13,786 | €21,178 | +€7,392 | +53.6% |
| Other amounts payable | 47/48 | €18,234 | €35,588 | +€17,354 | +95.2% |
| Accrued charges and deferred income | 492/3 | €18,662 | - | -€18,662 | |
| Remuneration, social security and pensions | 62 | €76,773 | €91,288 | +€14,515 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,747 | €1,498 | -€249 | -14.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,007 | +€11,007 | |
| Other operating charges | 640/8 | €9,307 | €1,516 | -€7,791 | -83.7% |
| Gross operating margin | 9900 | €26,874 | €58,251 | +€31,377 | +116.8% |
| Operating profit (loss) | 9901 | -€60,952 | -€47,058 | +€13,894 | +22.8% |
| Financial income | 75/76B | €0 | €33 | +€33 | +17347.4% |
| Recurring financial income | 75 | €0 | €33 | +€33 | +17347.4% |
| Financial charges | 65/66B | €2,255 | €1,512 | -€744 | -33.0% |
| Recurring financial charges | 65 | €2,255 | €1,512 | -€744 | -33.0% |
| Profit (loss) for the period before taxes | 9903 | -€63,207 | -€48,537 | +€14,671 | +23.2% |
| Profit (loss) for the period | 9904 | -€63,207 | -€48,537 | +€14,671 | +23.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,207 | -€48,537 | +€14,671 | +23.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.