PROTEC: 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.
What changed
PROTEC
NACE 24.100, Manufacture of basic metals
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€2.5m
2024 · €792,038-€3.3m
Equity
€35.7m
2024 · €38.2m-€2.5m
Cash
€2.2m
2024 · €2.0m+€163,744
Balance sheet total
€48.9m
2024 · €52.0m-€3.1m
Largest movements
Assets
- Current investments -€4.7m
down €4.7m (-39.7%), from €11.7m to €7.1m
- Receivables within one year +€3.3m
up €3.3m (+42.0%), from €7.9m to €11.3m
of which Trade receivables: +€3.2m
- Stocks and contracts -€2.1m
down €2.1m (-11.9%), from €17.7m to €15.6m
Equity and liabilities
- Reserves -€2.5m
down €2.5m (-7.3%), from €33.6m to €31.1m
of which Distributable reserves: -€2.5m
- Other debts -€1.0m
down €1.0m (-33.3%), from €3.0m to €2.0m
Income statement
- Goods and materials +€3.8m
up €3.8m (+7.9%), from €47.5m to €51.3m
of which Change in stocks: decrease (increase): +€4.9m
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.
Result 2024
€792,038
Turnover
+€757,112
Other operating income
-€54,497
Goods and materials
-€3.8m
Services and other goods
-€345
Staff costs
-€445,145
Depreciation
-€461,925
Write-downs
+€5,917
Provisions
-€114,209
Other operating charges
+€19,397
Other operating items
+€476,859
Financial income
+€131,553
Financial charges
+€15,783
Taxes
+€195,690
Deferred taxes and other
-€1,217
Result 2025
-€2.5m
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.
From operations
-€547,481
Investment
+€711,224
Financing
€0
Cash 2024
€2.0m
From operations (derived)
-€547,481
Net result for the year
-€2.5m
Depreciation
+€3.8m
Stocks and contracts
+€2.1m
Receivables within one year
-€3.3m
Smaller working-capital items
-€11,673
Provisions
-€84,751
Trade debts
+€478,124
Other debts
-€1.0m
Accrued charges and deferred income
-€19,662
Investment (derived)
+€711,224
Investment in fixed assets (net)
-€4.0m
Current investments
+€4.7m
Cash 2025
€2.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,017,521 | €48,929,903 | -€3.1m | -5.9% |
| Fixed assets | 21/28 | €12,565,953 | €12,740,130 | +€174,177 | +1.4% |
| Intangible fixed assets | 21 | €18,651 | €13,083 | -€5,568 | -29.9% |
| Tangible fixed assets | 22/27 | €12,507,072 | €12,686,817 | +€179,745 | +1.4% |
| Land and buildings | 22 | €467,306 | €613,863 | +€146,556 | +31.4% |
| Plant, machinery and equipment | 23 | €10,719,704 | €10,833,246 | +€113,542 | +1.1% |
| Furniture and vehicles | 24 | €1,320,061 | €1,239,708 | -€80,353 | -6.1% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €40,230 | €40,230 | = | 0.0% |
| Other financial fixed assets | 284/8 | €40,230 | €40,230 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €40,230 | €40,230 | = | 0.0% |
| Current assets | 29/58 | €39,451,568 | €36,189,774 | -€3.3m | -8.3% |
| Stocks and contracts in progress | 3 | €17,686,581 | €15,589,256 | -€2.1m | -11.9% |
| Stocks | 30/36 | €17,686,581 | €15,589,256 | -€2.1m | -11.9% |
| Raw materials and consumables | 30/31 | €13,181,626 | €10,863,837 | -€2.3m | -17.6% |
| Work in progress | 32 | €4,504,956 | €4,725,418 | +€220,462 | +4.9% |
| Amounts receivable within one year | 40/41 | €7,934,888 | €11,264,460 | +€3.3m | +42.0% |
| Trade receivables | 40 | €6,701,481 | €9,935,236 | +€3.2m | +48.3% |
| Other amounts receivable | 41 | €1,233,407 | €1,329,224 | +€95,817 | +7.8% |
| Current investments | 50/53 | €11,747,470 | €7,079,777 | -€4.7m | -39.7% |
| Other investments | 51/53 | €11,747,470 | €7,079,777 | -€4.7m | -39.7% |
| Cash at bank and in hand | 54/58 | €2,031,966 | €2,195,709 | +€163,744 | +8.1% |
| Deferred charges and accrued income | 490/1 | €50,663 | €60,572 | +€9,910 | +19.6% |
| Total equity and liabilities | 10/49 | €52,017,521 | €48,929,903 | -€3.1m | -5.9% |
| Equity | 10/15 | €38,184,398 | €35,724,832 | -€2.5m | -6.4% |
| Contributions | 10/11 | €4,619,244 | €4,619,244 | = | 0.0% |
| Capital | 10 | €4,619,244 | €4,619,244 | = | 0.0% |
| Issued capital | 100 | €4,619,244 | €4,619,244 | = | 0.0% |
| Reserves | 13 | €33,553,615 | €31,094,049 | -€2.5m | -7.3% |
| Non-distributable reserves | 130/1 | €461,924 | €461,924 | = | 0.0% |
| Legal reserve | 130 | €461,924 | €461,924 | = | 0.0% |
| Tax-exempt reserves | 132 | €34,637 | €33,862 | -€775 | -2.2% |
| Distributable reserves | 133 | €33,057,054 | €30,598,263 | -€2.5m | -7.4% |
| Investment grants | 15 | €11,539 | €11,539 | = | 0.0% |
| Provisions and deferred taxes | 16 | €401,222 | €316,472 | -€84,751 | -21.1% |
| Provisions for liabilities and charges | 160/5 | €400,964 | €316,472 | -€84,492 | -21.1% |
| Other liabilities and charges | 164/5 | €400,964 | €316,472 | -€84,492 | -21.1% |
| Deferred taxes | 168 | €258 | €0 | -€258 | -100.0% |
| Amounts payable | 17/49 | €13,431,901 | €12,888,600 | -€543,301 | -4.0% |
| Amounts payable within one year | 42/48 | €13,353,661 | €12,830,022 | -€523,639 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €7,166,238 | €7,644,362 | +€478,124 | +6.7% |
| Suppliers | 440/4 | €7,166,238 | €7,644,362 | +€478,124 | +6.7% |
| Taxes, remuneration and social security | 45 | €3,187,423 | €3,185,659 | -€1,763 | -0.1% |
| Taxes | 450/3 | €384,183 | €357,726 | -€26,457 | -6.9% |
| Remuneration and social security | 454/9 | €2,803,239 | €2,827,933 | +€24,694 | +0.9% |
| Other amounts payable | 47/48 | €3,000,000 | €2,000,000 | -€1.0m | -33.3% |
| Accrued charges and deferred income | 492/3 | €78,240 | €58,578 | -€19,662 | -25.1% |
| Operating income | 70/76A | €89,471,262 | €90,650,735 | +€1.2m | +1.3% |
| Turnover | 70 | €88,452,838 | €89,209,950 | +€757,112 | +0.9% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€447,236 | €220,462 | +€667,699 | |
| Other operating income | 74 | €1,238,822 | €1,184,324 | -€54,497 | -4.4% |
| Non-recurring operating income | 76A | €226,838 | €35,998 | -€190,840 | -84.1% |
| Operating charges | 60/66A | €87,715,301 | €92,488,187 | +€4.8m | +5.4% |
| Goods for resale, raw materials and consumables | 60 | €47,537,026 | €51,313,602 | +€3.8m | +7.9% |
| Purchases | 600/8 | €50,084,970 | €48,995,814 | -€1.1m | -2.2% |
| Change in stocks: decrease (increase) | 609 | -€2,547,944 | €2,317,788 | +€4.9m | |
| Services and other goods | 61 | €17,643,375 | €17,643,720 | +€345 | 0.0% |
| Remuneration, social security and pensions | 62 | €19,313,837 | €19,758,982 | +€445,145 | +2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,320,368 | €3,782,293 | +€461,925 | +13.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | -€5,917 | -€5,917 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€198,701 | -€84,492 | +€114,209 | +57.5% |
| Other operating charges | 640/8 | €99,396 | €80,000 | -€19,397 | -19.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €1,755,960 | -€1,837,453 | -€3.6m | |
| Financial income | 75/76B | €369,232 | €500,784 | +€131,553 | +35.6% |
| Recurring financial income | 75 | €369,232 | €500,784 | +€131,553 | +35.6% |
| Income from current assets | 751 | €175,754 | €323,418 | +€147,663 | +84.0% |
| Other financial income | 752/9 | €193,477 | €177,367 | -€16,111 | -8.3% |
| Financial charges | 65/66B | €1,136,961 | €1,121,178 | -€15,783 | -1.4% |
| Recurring financial charges | 65 | €1,136,961 | €1,121,178 | -€15,783 | -1.4% |
| Debt charges | 650 | €79,314 | €68,294 | -€11,020 | -13.9% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | -€9,983 | -€12,132 | -€2,150 | -21.5% |
| Other financial charges | 652/9 | €1,067,629 | €1,065,016 | -€2,613 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €988,231 | -€2,457,847 | -€3.4m | |
| Transfer from deferred taxes | 780 | €1,475 | €258 | -€1,217 | -82.5% |
| Income taxes | 67/77 | €197,668 | €1,978 | -€195,690 | -99.0% |
| Taxes | 670/3 | €197,668 | €1,978 | -€195,690 | -99.0% |
| Profit (loss) for the period | 9904 | €792,038 | -€2,459,566 | -€3.3m | |
| Transfer from tax-exempt reserves | 789 | €4,425 | €775 | -€3,650 | -82.5% |
| Profit (loss) for the period to be appropriated | 9905 | €796,463 | -€2,458,791 | -€3.3m |
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 11 October 2026 via checked.be.