FM PROTEC: 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.
FM PROTEC
Largest movements
- Cash -€80,350
down €80,350 (-25.7%), from €312,977 to €232,627
mainly Net result for the year (-€137,800) and Investment in fixed assets (net) (-€52,033)
- Receivables within one year -€43,109
down €43,109 (-26.0%), from €165,628 to €122,518
of which Other amounts receivable: -€77,529
- Stocks and contracts -€35,439
down €35,439 (-100.0%), from €35,439 to €0
- Profit (loss) carried forward -€137,800
down €137,800 (-40.2%), from -€342,764 to -€480,564
- Trade debts +€45,289
up €45,289 (+32.5%), from €139,211 to €184,501
- Current portion of long-term debt -€28,919
down €28,919 (-39.6%), from €73,093 to €44,174
- Other debts -€22,856
down €22,856 (-29.6%), from €77,181 to €54,325
- Gross operating margin +€90,084
up €90,084 (+49.0%), from €183,811 to €273,894
- Write-downs -€39,379
down €39,379 (-100.0%), from €39,379 to €0
- Staff costs -€23,881
down €23,881 (-7.0%), from €340,306 to €316,426
- Financial charges -€6,928
down €6,928 (-37.9%), from €18,262 to €11,334
- Other operating charges -€5,469
down €5,469 (-12.5%), from €43,730 to €38,261
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 | €630,068 | €482,288 | -€147,780 | -23.5% |
| Fixed assets | 21/28 | €104,343 | €110,527 | +€6,184 | +5.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €100,418 | €104,052 | +€3,634 | +3.6% |
| Plant, machinery and equipment | 23 | €38,909 | €53,211 | +€14,301 | +36.8% |
| Furniture and vehicles | 24 | €41,315 | €40,475 | -€839 | -2.0% |
| Leasing and similar rights | 25 | €20,194 | €10,366 | -€9,828 | -48.7% |
| Financial fixed assets | 28 | €3,925 | €6,475 | +€2,550 | +65.0% |
| Current assets | 29/58 | €525,725 | €371,761 | -€153,964 | -29.3% |
| Stocks and contracts in progress | 3 | €35,439 | €0 | -€35,439 | -100.0% |
| Contracts in progress | 37 | €35,439 | €0 | -€35,439 | -100.0% |
| Amounts receivable within one year | 40/41 | €165,628 | €122,518 | -€43,109 | -26.0% |
| Trade receivables | 40 | €60,616 | €95,036 | +€34,420 | +56.8% |
| Other amounts receivable | 41 | €105,012 | €27,483 | -€77,529 | -73.8% |
| Cash at bank and in hand | 54/58 | €312,977 | €232,627 | -€80,350 | -25.7% |
| Deferred charges and accrued income | 490/1 | €11,682 | €16,616 | +€4,934 | +42.2% |
| Total equity and liabilities | 10/49 | €630,068 | €482,288 | -€147,780 | -23.5% |
| Equity | 10/15 | €222,751 | €84,951 | -€137,800 | -61.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €546,915 | €546,915 | = | 0.0% |
| Distributable reserves | 133 | €546,915 | €546,915 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€342,764 | -€480,564 | -€137,800 | -40.2% |
| Amounts payable | 17/49 | €407,318 | €397,338 | -€9,980 | -2.5% |
| Amounts payable after more than one year | 17 | €30,023 | €24,519 | -€5,505 | -18.3% |
| Financial debts | 170/4 | €30,023 | €24,519 | -€5,505 | -18.3% |
| Amounts payable within one year | 42/48 | €377,294 | €372,804 | -€4,490 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €73,093 | €44,174 | -€28,919 | -39.6% |
| Financial debts | 43 | €75,000 | €75,000 | = | 0.0% |
| Credit institutions | 430/8 | €75,000 | €75,000 | = | 0.0% |
| Trade debts | 44 | €139,211 | €184,501 | +€45,289 | +32.5% |
| Suppliers | 440/4 | €139,211 | €184,501 | +€45,289 | +32.5% |
| Taxes, remuneration and social security | 45 | €12,809 | €14,804 | +€1,995 | +15.6% |
| Taxes | 450/3 | €2,860 | €2,733 | -€127 | -4.4% |
| Remuneration and social security | 454/9 | €9,949 | €12,071 | +€2,122 | +21.3% |
| Other amounts payable | 47/48 | €77,181 | €54,325 | -€22,856 | -29.6% |
| Accrued charges and deferred income | 492/3 | - | €15 | +€15 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €340,306 | €316,426 | -€23,881 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,929 | €45,848 | +€2,919 | +6.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €39,379 | €0 | -€39,379 | -100.0% |
| Other operating charges | 640/8 | €43,730 | €38,261 | -€5,469 | -12.5% |
| Gross operating margin | 9900 | €183,811 | €273,894 | +€90,084 | +49.0% |
| Operating profit (loss) | 9901 | -€282,534 | -€126,640 | +€155,893 | +55.2% |
| Financial income | 75/76B | €344 | €846 | +€501 | +145.6% |
| Recurring financial income | 75 | €344 | €846 | +€501 | +145.6% |
| Financial charges | 65/66B | €18,262 | €11,334 | -€6,928 | -37.9% |
| Recurring financial charges | 65 | €18,262 | €11,334 | -€6,928 | -37.9% |
| Profit (loss) for the period before taxes | 9903 | -€300,451 | -€137,129 | +€163,323 | +54.4% |
| Income taxes | 67/77 | €714 | €671 | -€43 | -6.0% |
| Profit (loss) for the period | 9904 | -€301,165 | -€137,800 | +€163,365 | +54.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€301,165 | -€137,800 | +€163,365 | +54.2% |
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 4 October 2026 via checked.be.