Protealis: 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.
Protealis
Largest movements
- Current investments -€5.0m
down €5.0m (-43.5%), from €11.5m to €6.5m
- Cash +€582,191
up €582,191 (+87.0%), from €668,845 to €1.3m
mainly Current investments (+€5.0m) and Depreciation (+€4.3m)
- Intangible fixed assets -€440,179
down €440,179 (-85.7%), from €513,513 to €73,334
- Receivables after one year -€267,855
down €267,855 (-20.1%), from €1.3m to €1.1m
- Receivables within one year +€256,984
up €256,984 (+28.7%), from €895,703 to €1.2m
of which Other amounts receivable: +€186,125
- Profit (loss) carried forward -€5.0m
down €5.0m (-129.6%), from -€3.8m to -€8.8m
- Accrued charges and deferred income -€299,620
down €299,620 (-20.9%), from €1.4m to €1.1m
- Trade debts +€186,655
up €186,655 (+45.1%), from €414,166 to €600,821
- Depreciation +€537,319
up €537,319 (+14.2%), from €3.8m to €4.3m
- Staff costs +€441,537
up €441,537 (+27.0%), from €1.6m to €2.1m
- Financial income -€206,009
down €206,009 (-48.4%), from €426,042 to €220,032
- Gross operating margin +€50,075
up €50,075 (+4.9%), from €1.0m to €1.1m
- Taxes +€31,799
up €31,799 (+20.8%), from -€153,145 to -€121,345
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 | €16,177,424 | €11,119,880 | -€5.1m | -31.3% |
| Fixed assets | 21/28 | €1,511,201 | €937,795 | -€573,406 | -37.9% |
| Intangible fixed assets | 21 | €513,513 | €73,334 | -€440,179 | -85.7% |
| Tangible fixed assets | 22/27 | €997,689 | €864,462 | -€133,227 | -13.4% |
| Plant, machinery and equipment | 23 | €936,744 | €768,131 | -€168,613 | -18.0% |
| Furniture and vehicles | 24 | €46,813 | €61,535 | +€14,722 | +31.4% |
| Other tangible fixed assets | 26 | €14,132 | €34,796 | +€20,664 | +146.2% |
| Current assets | 29/58 | €14,666,223 | €10,182,084 | -€4.5m | -30.6% |
| Amounts receivable after more than one year | 29 | €1,329,867 | €1,062,011 | -€267,855 | -20.1% |
| Other amounts receivable | 291 | €1,329,867 | €1,062,011 | -€267,855 | -20.1% |
| Stocks and contracts in progress | 3 | €159,662 | €163,482 | +€3,820 | +2.4% |
| Stocks | 30/36 | €159,662 | €163,482 | +€3,820 | +2.4% |
| Amounts receivable within one year | 40/41 | €895,703 | €1,152,687 | +€256,984 | +28.7% |
| Trade receivables | 40 | €18,353 | €89,212 | +€70,860 | +386.1% |
| Other amounts receivable | 41 | €877,350 | €1,063,475 | +€186,125 | +21.2% |
| Current investments | 50/53 | €11,500,000 | €6,500,000 | -€5.0m | -43.5% |
| Cash at bank and in hand | 54/58 | €668,845 | €1,251,036 | +€582,191 | +87.0% |
| Deferred charges and accrued income | 490/1 | €112,146 | €52,868 | -€59,278 | -52.9% |
| Total equity and liabilities | 10/49 | €16,177,424 | €11,119,880 | -€5.1m | -31.3% |
| Equity | 10/15 | €14,041,746 | €9,062,218 | -€5.0m | -35.5% |
| Contributions | 10/11 | €17,883,418 | €17,883,418 | = | 0.0% |
| Capital | 10 | €17,883,418 | €17,883,418 | = | 0.0% |
| Issued capital | 100 | €17,883,418 | €17,883,418 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,841,671 | -€8,821,200 | -€5.0m | -129.6% |
| Amounts payable | 17/49 | €2,135,678 | €2,057,662 | -€78,016 | -3.7% |
| Amounts payable within one year | 42/48 | €699,595 | €921,199 | +€221,604 | +31.7% |
| Trade debts | 44 | €414,166 | €600,821 | +€186,655 | +45.1% |
| Suppliers | 440/4 | €414,166 | €600,821 | +€186,655 | +45.1% |
| Taxes, remuneration and social security | 45 | €285,429 | €320,378 | +€34,949 | +12.2% |
| Taxes | 450/3 | €9,970 | €10,349 | +€379 | +3.8% |
| Remuneration and social security | 454/9 | €275,459 | €310,030 | +€34,571 | +12.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,436,083 | €1,136,463 | -€299,620 | -20.9% |
| Non-recurring operating income | 76A | - | €33,652 | +€33,652 | |
| Remuneration, social security and pensions | 62 | €1,635,458 | €2,076,995 | +€441,537 | +27.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,774,291 | €4,311,610 | +€537,319 | +14.2% |
| Other operating charges | 640/8 | €9,967 | €7,268 | -€2,699 | -27.1% |
| Non-recurring operating charges | 66A | €24,858 | €400 | -€24,458 | -98.4% |
| Gross operating margin | 9900 | €1,030,887 | €1,080,963 | +€50,075 | +4.9% |
| Operating profit (loss) | 9901 | -€4,413,686 | -€5,315,310 | -€901,624 | -20.4% |
| Financial income | 75/76B | €426,042 | €220,032 | -€206,009 | -48.4% |
| Recurring financial income | 75 | €426,042 | €220,032 | -€206,009 | -48.4% |
| Financial charges | 65/66B | €7,172 | €5,597 | -€1,575 | -22.0% |
| Recurring financial charges | 65 | €7,172 | €5,597 | -€1,575 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,994,816 | -€5,100,874 | -€1.1m | -27.7% |
| Income taxes | 67/77 | -€153,145 | -€121,345 | +€31,799 | +20.8% |
| Profit (loss) for the period | 9904 | -€3,841,671 | -€4,979,529 | -€1.1m | -29.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,841,671 | -€4,979,529 | -€1.1m | -29.6% |
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 9 October 2026 via checked.be.