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.
PROTEC
Largest movements
- Receivables within one year -€260,754
down €260,754 (-98.4%), from €264,904 to €4,150
of which Trade receivables: -€259,875
- Cash +€123,108
up €123,108 (+382.8%), from €32,161 to €155,269
mainly Receivables within one year (+€260,754) and Depreciation (+€75,115)
- Tangible fixed assets -€34,963
down €34,963 (-6.0%), from €585,973 to €551,010
of which Other tangible fixed assets: -€26,533
- Trade debts -€123,223
down €123,223 (-45.2%), from €272,734 to €149,511
- Debts after one year -€42,547
down €42,547 (-17.0%), from €250,567 to €208,020
- Other debts -€42,290
down €42,290 (-50.7%), from €83,437 to €41,147
- Accrued charges and deferred income +€29,750
up €29,750 (+476.0%), from €6,250 to €36,000
- Gross operating margin -€14,015
down €14,015 (-12.5%), from €111,686 to €97,671
- Depreciation +€8,279
up €8,279 (+12.4%), from €66,836 to €75,115
- Taxes -€8,183
down €8,183 (-43.5%), from €18,816 to €10,633
- Other operating charges -€3,846
down €3,846 (-33.6%), from €11,455 to €7,609
- Financial income +€1,731
up €1,731 (+26.1%), from €6,643 to €8,375
of which Non-recurring financial income: +€1,800
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 | €1,204,746 | €1,041,674 | -€163,072 | -13.5% |
| Fixed assets | 21/28 | €611,213 | €585,251 | -€25,963 | -4.2% |
| Tangible fixed assets | 22/27 | €585,973 | €551,010 | -€34,963 | -6.0% |
| Land and buildings | 22 | €48,620 | €62,461 | +€13,841 | +28.5% |
| Plant, machinery and equipment | 23 | €11,646 | €9,177 | -€2,469 | -21.2% |
| Furniture and vehicles | 24 | €43,656 | €23,853 | -€19,803 | -45.4% |
| Other tangible fixed assets | 26 | €482,051 | €455,519 | -€26,533 | -5.5% |
| Financial fixed assets | 28 | €25,241 | €34,241 | +€9,000 | +35.7% |
| Current assets | 29/58 | €593,533 | €456,423 | -€137,110 | -23.1% |
| Amounts receivable after more than one year | 29 | €270,000 | €270,000 | = | 0.0% |
| Other amounts receivable | 291 | €270,000 | €270,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €264,904 | €4,150 | -€260,754 | -98.4% |
| Trade receivables | 40 | €263,732 | €3,857 | -€259,875 | -98.5% |
| Other amounts receivable | 41 | €1,172 | €293 | -€880 | -75.0% |
| Cash at bank and in hand | 54/58 | €32,161 | €155,269 | +€123,108 | +382.8% |
| Deferred charges and accrued income | 490/1 | €26,468 | €27,004 | +€536 | +2.0% |
| Total equity and liabilities | 10/49 | €1,204,746 | €1,041,674 | -€163,072 | -13.5% |
| Equity | 10/15 | €519,383 | €522,934 | +€3,551 | +0.7% |
| Contributions | 10/11 | €6,667 | €6,667 | = | 0.0% |
| Reserves | 13 | €20,750 | €20,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €491,966 | €495,517 | +€3,551 | +0.7% |
| Amounts payable | 17/49 | €685,363 | €518,740 | -€166,623 | -24.3% |
| Amounts payable after more than one year | 17 | €250,567 | €208,020 | -€42,547 | -17.0% |
| Financial debts | 170/4 | €250,567 | €208,020 | -€42,547 | -17.0% |
| Amounts payable within one year | 42/48 | €428,546 | €274,720 | -€153,826 | -35.9% |
| Current portion of amounts payable after more than one year | 42 | €42,680 | €43,086 | +€407 | +1.0% |
| Trade debts | 44 | €272,734 | €149,511 | -€123,223 | -45.2% |
| Suppliers | 440/4 | €272,734 | €149,511 | -€123,223 | -45.2% |
| Advances received on contracts in progress | 46 | €1,725 | €2,250 | +€525 | +30.4% |
| Taxes, remuneration and social security | 45 | €27,970 | €38,726 | +€10,756 | +38.5% |
| Taxes | 450/3 | €22,970 | €33,726 | +€10,756 | +46.8% |
| Remuneration and social security | 454/9 | €5,000 | €5,000 | = | 0.0% |
| Other amounts payable | 47/48 | €83,437 | €41,147 | -€42,290 | -50.7% |
| Accrued charges and deferred income | 492/3 | €6,250 | €36,000 | +€29,750 | +476.0% |
| Non-recurring operating income | 76A | €0 | €29,957 | +€29,957 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,836 | €75,115 | +€8,279 | +12.4% |
| Other operating charges | 640/8 | €11,455 | €7,609 | -€3,846 | -33.6% |
| Gross operating margin | 9900 | €111,686 | €97,671 | -€14,015 | -12.5% |
| Operating profit (loss) | 9901 | €33,395 | €14,947 | -€18,448 | -55.2% |
| Financial income | 75/76B | €6,643 | €8,375 | +€1,731 | +26.1% |
| Recurring financial income | 75 | €5,358 | €5,290 | -€68 | -1.3% |
| Non-recurring financial income | 76B | €1,285 | €3,085 | +€1,800 | +140.0% |
| Financial charges | 65/66B | €10,180 | €9,138 | -€1,043 | -10.2% |
| Recurring financial charges | 65 | €10,180 | €9,138 | -€1,043 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €29,858 | €14,184 | -€15,674 | -52.5% |
| Income taxes | 67/77 | €18,816 | €10,633 | -€8,183 | -43.5% |
| Profit (loss) for the period | 9904 | €11,042 | €3,551 | -€7,491 | -67.8% |
| Profit (loss) for the period to be appropriated | 9905 | €11,042 | €3,551 | -€7,491 | -67.8% |
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 7 October 2026 via checked.be.