My-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.
My-Protection
Largest movements
- Receivables within one year +€84,729
up €84,729 (+37.5%), from €226,174 to €310,902
of which Trade receivables: +€50,785
- Stocks and contracts +€24,336
up €24,336 (+125%), from €19,432 to €43,768
- Tangible fixed assets +€8,981
up €8,981 (+153%), from €5,867 to €14,848
- Cash -€8,530
down €8,530 (-48.7%), from €17,507 to €8,978
mainly Receivables within one year (-€84,729) and Trade debts (-€32,207)
- Reserves +€71,063
new in 2025: €71,063
- Debts after one year +€66,384
new in 2025: €66,384
- Trade debts -€32,207
down €32,207 (-29.0%), from €111,011 to €78,803
- Tax, wage and social debts -€22,720
down €22,720 (-18.3%), from €124,035 to €101,315
- Current portion of long-term debt +€16,815
new in 2025: €16,815
- Gross operating margin -€10,994
down €10,994 (-8.9%), from €123,398 to €112,405
- Taxes +€3,255
up €3,255 (+12.0%), from €27,135 to €30,390
- Financial charges +€1,323
up €1,323 (+23.4%), from €5,650 to €6,974
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 | €391,069 | €494,567 | +€103,498 | +26.5% |
| Fixed assets | 21/28 | €7,293 | €15,684 | +€8,391 | +115% |
| Intangible fixed assets | 21 | €1,426 | €836 | -€590 | -41.4% |
| Tangible fixed assets | 22/27 | €5,867 | €14,848 | +€8,981 | +153% |
| Plant, machinery and equipment | 23 | €5,867 | €9,347 | +€3,480 | +59.3% |
| Leasing and similar rights | 25 | - | €1,334 | +€1,334 | |
| Other tangible fixed assets | 26 | - | €4,167 | +€4,167 | |
| Current assets | 29/58 | €383,776 | €478,883 | +€95,107 | +24.8% |
| Amounts receivable after more than one year | 29 | €119,539 | €115,030 | -€4,509 | -3.8% |
| Other amounts receivable | 291 | €119,539 | €115,030 | -€4,509 | -3.8% |
| Stocks and contracts in progress | 3 | €19,432 | €43,768 | +€24,336 | +125% |
| Stocks | 30/36 | €19,432 | €43,768 | +€24,336 | +125% |
| Amounts receivable within one year | 40/41 | €226,174 | €310,902 | +€84,729 | +37.5% |
| Trade receivables | 40 | €186,988 | €237,773 | +€50,785 | +27.2% |
| Other amounts receivable | 41 | €39,185 | €73,130 | +€33,944 | +86.6% |
| Cash at bank and in hand | 54/58 | €17,507 | €8,978 | -€8,530 | -48.7% |
| Deferred charges and accrued income | 490/1 | €1,124 | €205 | -€920 | -81.8% |
| Total equity and liabilities | 10/49 | €391,069 | €494,567 | +€103,498 | +26.5% |
| Equity | 10/15 | €155,032 | €226,096 | +€71,063 | +45.8% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | - | €71,063 | +€71,063 | |
| Distributable reserves | 133 | - | €71,063 | +€71,063 | |
| Profit (loss) carried forward | 14 | €151,532 | €151,532 | = | 0.0% |
| Amounts payable | 17/49 | €236,037 | €268,471 | +€32,434 | +13.7% |
| Amounts payable after more than one year | 17 | - | €66,384 | +€66,384 | |
| Financial debts | 170/4 | - | €66,384 | +€66,384 | |
| Amounts payable within one year | 42/48 | €235,045 | €201,960 | -€33,086 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | - | €16,815 | +€16,815 | |
| Financial debts | 43 | - | €5,027 | +€5,027 | |
| Credit institutions | 430/8 | - | €5,027 | +€5,027 | |
| Trade debts | 44 | €111,011 | €78,803 | -€32,207 | -29.0% |
| Suppliers | 440/4 | €111,011 | €78,803 | -€32,207 | -29.0% |
| Taxes, remuneration and social security | 45 | €124,035 | €101,315 | -€22,720 | -18.3% |
| Taxes | 450/3 | €124,035 | €101,315 | -€22,720 | -18.3% |
| Accrued charges and deferred income | 492/3 | €992 | €127 | -€864 | -87.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,215 | €2,426 | +€211 | +9.5% |
| Other operating charges | 640/8 | €11,517 | €10,312 | -€1,205 | -10.5% |
| Gross operating margin | 9900 | €123,398 | €112,405 | -€10,994 | -8.9% |
| Operating profit (loss) | 9901 | €109,666 | €99,667 | -€9,999 | -9.1% |
| Financial income | 75/76B | €8,218 | €8,761 | +€543 | +6.6% |
| Recurring financial income | 75 | €8,218 | €8,761 | +€543 | +6.6% |
| Financial charges | 65/66B | €5,650 | €6,974 | +€1,323 | +23.4% |
| Recurring financial charges | 65 | €5,650 | €6,974 | +€1,323 | +23.4% |
| Profit (loss) for the period before taxes | 9903 | €112,233 | €101,454 | -€10,780 | -9.6% |
| Income taxes | 67/77 | €27,135 | €30,390 | +€3,255 | +12.0% |
| Profit (loss) for the period | 9904 | €85,099 | €71,063 | -€14,035 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €85,099 | €71,063 | -€14,035 | -16.5% |
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 28 October 2026 via checked.be.