DOOR & 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.
DOOR & PROTECTION
Largest movements
- Receivables within one year -€19,298
down €19,298 (-61.8%), from €31,233 to €11,935
of which Trade receivables: -€11,360
- Cash +€9,068
up €9,068 (+122%), from €7,446 to €16,514
mainly Receivables within one year (+€19,298) and Other debts (+€15,950)
- Stocks and contracts +€2,844
new in 2025: €2,844
- Tangible fixed assets +€2,023
up €2,023 (+4.1%), from €49,660 to €51,683
of which Furniture and vehicles: +€2,751
- Deferred charges and accrued income -€1,127
down €1,127 (-83.8%), from €1,345 to €218
- Profit (loss) carried forward -€35,265
down €35,265 (-98.7%), from €35,733 to €468
- Other debts +€15,950
new in 2025: €15,950
- Advances received +€6,013
new in 2025: €6,013
- Trade debts +€5,763
up €5,763 (+206%), from €2,801 to €8,564
- Debts after one year +€2,459
up €2,459 (+7.4%), from €33,275 to €35,734
- Gross operating margin -€28,973
down €28,973 (-51.3%), from €56,504 to €27,531
- Depreciation -€5,301
down €5,301 (-31.6%), from €16,753 to €11,452
- Taxes -€4,069
down €4,069 (-67.0%), from €6,069 to €2,000
- Other operating charges +€1,495
up €1,495 (+97.7%), from €1,531 to €3,025
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 | €90,330 | €83,711 | -€6,620 | -7.3% |
| Fixed assets | 21/28 | €50,306 | €52,199 | +€1,893 | +3.8% |
| Intangible fixed assets | 21 | €310 | €180 | -€130 | -42.0% |
| Tangible fixed assets | 22/27 | €49,660 | €51,683 | +€2,023 | +4.1% |
| Plant, machinery and equipment | 23 | €2,734 | €2,006 | -€727 | -26.6% |
| Furniture and vehicles | 24 | €46,926 | €49,676 | +€2,751 | +5.9% |
| Financial fixed assets | 28 | €337 | €337 | = | 0.0% |
| Current assets | 29/58 | €40,024 | €31,511 | -€8,513 | -21.3% |
| Stocks and contracts in progress | 3 | - | €2,844 | +€2,844 | |
| Stocks | 30/36 | - | €2,844 | +€2,844 | |
| Amounts receivable within one year | 40/41 | €31,233 | €11,935 | -€19,298 | -61.8% |
| Trade receivables | 40 | €17,837 | €6,476 | -€11,360 | -63.7% |
| Other amounts receivable | 41 | €13,397 | €5,459 | -€7,938 | -59.3% |
| Cash at bank and in hand | 54/58 | €7,446 | €16,514 | +€9,068 | +122% |
| Deferred charges and accrued income | 490/1 | €1,345 | €218 | -€1,127 | -83.8% |
| Total equity and liabilities | 10/49 | €90,330 | €83,711 | -€6,620 | -7.3% |
| Equity | 10/15 | €38,733 | €3,468 | -€35,265 | -91.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Contributions outside capital | 11 | €3,000 | €3,000 | = | 0.0% |
| Other | 1109/19 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,733 | €468 | -€35,265 | -98.7% |
| Amounts payable | 17/49 | €51,597 | €80,242 | +€28,646 | +55.5% |
| Amounts payable after more than one year | 17 | €33,275 | €35,734 | +€2,459 | +7.4% |
| Financial debts | 170/4 | €33,275 | €35,734 | +€2,459 | +7.4% |
| Amounts payable within one year | 42/48 | €18,321 | €44,508 | +€26,187 | +143% |
| Current portion of amounts payable after more than one year | 42 | €15,521 | €13,972 | -€1,548 | -10.0% |
| Financial debts | 43 | - | €10 | +€10 | |
| Credit institutions | 430/8 | - | €10 | +€10 | |
| Trade debts | 44 | €2,801 | €8,564 | +€5,763 | +206% |
| Suppliers | 440/4 | €2,801 | €8,564 | +€5,763 | +206% |
| Advances received on contracts in progress | 46 | - | €6,013 | +€6,013 | |
| Other amounts payable | 47/48 | - | €15,950 | +€15,950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,753 | €11,452 | -€5,301 | -31.6% |
| Other operating charges | 640/8 | €1,531 | €3,025 | +€1,495 | +97.7% |
| Non-recurring operating charges | 66A | - | €7,525 | +€7,525 | |
| Gross operating margin | 9900 | €56,504 | €27,531 | -€28,973 | -51.3% |
| Operating profit (loss) | 9901 | €38,220 | €5,528 | -€32,692 | -85.5% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €2,354 | €2,797 | +€442 | +18.8% |
| Recurring financial charges | 65 | €2,354 | €2,797 | +€442 | +18.8% |
| Profit (loss) for the period before taxes | 9903 | €35,866 | €2,735 | -€33,131 | -92.4% |
| Income taxes | 67/77 | €6,069 | €2,000 | -€4,069 | -67.0% |
| Profit (loss) for the period | 9904 | €29,797 | €735 | -€29,062 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,797 | €735 | -€29,062 | -97.5% |
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 19 October 2026 via checked.be.