E-Proteins: 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.
E-Proteins
Largest movements
- Receivables within one year +€178,118
up €178,118 (+324.8%), from €54,842 to €232,961
of which Trade receivables: +€201,548
- Cash -€53,470
down €53,470 (-5.3%), from €1.0m to €961,413
mainly Receivables within one year (-€178,118) and Trade debts (-€175,375)
- Intangible fixed assets +€21,456
up €21,456 (+14.1%), from €152,709 to €174,165
- Reserves +€233,193
up €233,193 (+31.9%), from €730,541 to €963,734
- Trade debts -€175,375
down €175,375 (-66.1%), from €265,420 to €90,045
- Tax, wage and social debts +€123,392
up €123,392 (+278.1%), from €44,377 to €167,769
of which Taxes: +€122,004
- Gross operating margin +€248,107
up €248,107 (+73.5%), from €337,376 to €585,483
- Taxes +€69,099
up €69,099 (+134.6%), from €51,341 to €120,440
- Financial charges +€24,436
up €24,436 (+5359.6%), from €456 to €24,892
of which Financial charges: +€17,071
- Depreciation +€22,118
up €22,118 (+27.6%), from €80,158 to €102,275
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 | €1,544,923 | €1,712,272 | +€167,349 | +10.8% |
| Fixed assets | 21/28 | €299,959 | €335,895 | +€35,936 | +12.0% |
| Intangible fixed assets | 21 | €152,709 | €174,165 | +€21,456 | +14.1% |
| Tangible fixed assets | 22/27 | €143,830 | €158,310 | +€14,480 | +10.1% |
| Plant, machinery and equipment | 23 | €75,876 | €70,697 | -€5,179 | -6.8% |
| Furniture and vehicles | 24 | €3,790 | €26,285 | +€22,494 | +593.5% |
| Other tangible fixed assets | 26 | €64,164 | €61,329 | -€2,835 | -4.4% |
| Financial fixed assets | 28 | €3,420 | €3,420 | = | 0.0% |
| Current assets | 29/58 | €1,244,964 | €1,376,376 | +€131,413 | +10.6% |
| Stocks and contracts in progress | 3 | €75,670 | €82,190 | +€6,520 | +8.6% |
| Stocks | 30/36 | €75,670 | €82,190 | +€6,520 | +8.6% |
| Amounts receivable within one year | 40/41 | €54,842 | €232,961 | +€178,118 | +324.8% |
| Trade receivables | 40 | €12,652 | €214,200 | +€201,548 | +1593.0% |
| Other amounts receivable | 41 | €42,190 | €18,760 | -€23,430 | -55.5% |
| Current investments | 50/53 | €94,044 | €94,044 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,014,883 | €961,413 | -€53,470 | -5.3% |
| Deferred charges and accrued income | 490/1 | €5,524 | €5,768 | +€244 | +4.4% |
| Total equity and liabilities | 10/49 | €1,544,923 | €1,712,272 | +€167,349 | +10.8% |
| Equity | 10/15 | €1,216,202 | €1,449,395 | +€233,193 | +19.2% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €730,541 | €963,734 | +€233,193 | +31.9% |
| Distributable reserves | 133 | €730,541 | €963,734 | +€233,193 | +31.9% |
| Profit (loss) carried forward | 14 | €85,661 | €85,661 | = | 0.0% |
| Amounts payable | 17/49 | €328,721 | €262,877 | -€65,844 | -20.0% |
| Amounts payable within one year | 42/48 | €312,141 | €260,600 | -€51,541 | -16.5% |
| Trade debts | 44 | €265,420 | €90,045 | -€175,375 | -66.1% |
| Suppliers | 440/4 | €265,420 | €90,045 | -€175,375 | -66.1% |
| Taxes, remuneration and social security | 45 | €44,377 | €167,769 | +€123,392 | +278.1% |
| Taxes | 450/3 | €31,617 | €153,622 | +€122,004 | +385.9% |
| Remuneration and social security | 454/9 | €12,760 | €14,147 | +€1,387 | +10.9% |
| Other amounts payable | 47/48 | €2,345 | €2,786 | +€442 | +18.8% |
| Accrued charges and deferred income | 492/3 | €16,579 | €2,276 | -€14,303 | -86.3% |
| Remuneration, social security and pensions | 62 | €98,626 | €102,739 | +€4,113 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,158 | €102,275 | +€22,118 | +27.6% |
| Other operating charges | 640/8 | €1,280 | €1,181 | -€99 | -7.7% |
| Non-recurring operating charges | 66A | - | €5,640 | +€5,640 | |
| Gross operating margin | 9900 | €337,376 | €585,483 | +€248,107 | +73.5% |
| Operating profit (loss) | 9901 | €157,313 | €373,648 | +€216,335 | +137.5% |
| Financial income | 75/76B | €3,373 | €4,877 | +€1,504 | +44.6% |
| Recurring financial income | 75 | €3,373 | €4,877 | +€1,504 | +44.6% |
| Financial charges | 65/66B | €456 | €24,892 | +€24,436 | +5359.6% |
| Recurring financial charges | 65 | €456 | €17,527 | +€17,071 | +3744.4% |
| Non-recurring financial charges | 66B | - | €7,364 | +€7,364 | |
| Profit (loss) for the period before taxes | 9903 | €160,229 | €353,633 | +€193,404 | +120.7% |
| Income taxes | 67/77 | €51,341 | €120,440 | +€69,099 | +134.6% |
| Profit (loss) for the period | 9904 | €108,888 | €233,193 | +€124,305 | +114.2% |
| Profit (loss) for the period to be appropriated | 9905 | €108,888 | €233,193 | +€124,305 | +114.2% |
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 3 October 2026 via checked.be.