PROTEA MANAGEMENT: 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.
PROTEA MANAGEMENT
Largest movements
- Cash -€24,964
down €24,964 (-84.3%), from €29,630 to €4,666
mainly Net result for the year (-€22,480) and Tax, wage and social debts (-€3,060)
- Profit (loss) carried forward -€22,481
down €22,481 (-35.9%), from €62,687 to €40,206
- Tax, wage and social debts -€3,060
down €3,060 (-14.5%), from €21,087 to €18,027
of which Taxes: -€2,537
- Gross operating margin -€1,828
down €1,828 (-9.8%), from -€18,741 to -€20,569
- Other operating charges -€374
down €374 (-34.6%), from €1,080 to €706
- Depreciation -€282
down €282 (-54.8%), from €515 to €233
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 | €100,745 | €75,189 | -€25,556 | -25.4% |
| Fixed assets | 21/28 | €233 | €0 | -€233 | -100% |
| Tangible fixed assets | 22/27 | €233 | €0 | -€233 | -100% |
| Furniture and vehicles | 24 | €233 | €0 | -€233 | -100% |
| Current assets | 29/58 | €100,512 | €75,189 | -€25,323 | -25.2% |
| Amounts receivable within one year | 40/41 | €58,525 | €58,513 | -€12 | 0.0% |
| Trade receivables | 40 | €6,600 | €6,600 | = | 0.0% |
| Other amounts receivable | 41 | €51,925 | €51,913 | -€12 | 0.0% |
| Cash at bank and in hand | 54/58 | €29,630 | €4,666 | -€24,964 | -84.3% |
| Deferred charges and accrued income | 490/1 | €12,357 | €12,009 | -€348 | -2.8% |
| Total equity and liabilities | 10/49 | €100,745 | €75,189 | -€25,556 | -25.4% |
| Equity | 10/15 | €70,757 | €48,276 | -€22,481 | -31.8% |
| Contributions | 10/11 | €6,210 | €6,210 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,687 | €40,206 | -€22,481 | -35.9% |
| Amounts payable | 17/49 | €29,988 | €26,913 | -€3,075 | -10.3% |
| Amounts payable within one year | 42/48 | €29,988 | €26,913 | -€3,075 | -10.3% |
| Trade debts | 44 | €8,901 | €8,886 | -€15 | -0.2% |
| Suppliers | 440/4 | €8,901 | €8,886 | -€15 | -0.2% |
| Taxes, remuneration and social security | 45 | €21,087 | €18,027 | -€3,060 | -14.5% |
| Taxes | 450/3 | €20,564 | €18,027 | -€2,537 | -12.3% |
| Remuneration and social security | 454/9 | €523 | €0 | -€523 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €515 | €233 | -€282 | -54.8% |
| Other operating charges | 640/8 | €1,080 | €706 | -€374 | -34.6% |
| Gross operating margin | 9900 | -€18,741 | -€20,569 | -€1,828 | -9.8% |
| Operating profit (loss) | 9901 | -€20,336 | -€21,508 | -€1,172 | -5.8% |
| Financial income | 75/76B | €40 | €0 | -€40 | -100% |
| Recurring financial income | 75 | €40 | €0 | -€40 | -100% |
| Financial charges | 65/66B | €372 | €322 | -€50 | -13.5% |
| Recurring financial charges | 65 | €372 | €322 | -€50 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | -€20,668 | -€21,830 | -€1,162 | -5.6% |
| Income taxes | 67/77 | €738 | €650 | -€88 | -11.9% |
| Profit (loss) for the period | 9904 | -€21,406 | -€22,480 | -€1,074 | -5.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,406 | -€22,480 | -€1,074 | -5.0% |
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 21 October 2026 via checked.be.