Protec International: 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 International
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€290,650
2024 · €411,673-€121,023
Equity
€2.7m
2024 · €2.4m+€290,650
Cash
€482,533
2024 · €337,389+€145,144
Balance sheet total
€3.2m
2024 · €3.0m+€185,880
Largest movements
Assets
- Stocks and contracts +€155,738
up €155,738 (+12.5%), from €1.3m to €1.4m
- Cash +€145,144
up €145,144 (+43.0%), from €337,389 to €482,533
mainly Net result for the year (+€290,650) and Depreciation (+€133,165)
- Receivables within one year -€91,290
down €91,290 (-14.8%), from €616,609 to €525,319
of which Trade receivables: -€82,856
Equity and liabilities
- Reserves +€290,650
up €290,650 (+12.5%), from €2.3m to €2.6m
of which Distributable reserves: +€290,650
- Debts after one year -€71,429
down €71,429 (-21.8%), from €327,381 to €255,952
- Other debts -€60,000
no longer reported in 2025 (was €60,000)
Income statement
- Gross operating margin -€100,177
down €100,177 (-8.1%), from €1.2m to €1.1m
- Taxes -€41,261
down €41,261 (-31.0%), from €133,278 to €92,017
- Staff costs +€33,203
up €33,203 (+6.1%), from €546,363 to €579,566
- Depreciation +€19,920
up €19,920 (+17.6%), from €113,245 to €133,165
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
€411,673
Gross operating margin
-€100,177
Staff costs
-€33,203
Depreciation
-€19,920
Write-downs
-€2,675
Provisions
+€2,867
Other operating charges
-€160
Other operating items
-€334
Financial income
-€2,783
Financial charges
-€5,898
Taxes
+€41,261
Result 2025
€290,650
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€326,025
Investment
-€109,453
Financing
-€71,429
Cash 2024
€337,389
From operations (derived)
+€326,025
Net result for the year
+€290,650
Depreciation
+€133,165
Stocks and contracts
-€155,738
Receivables within one year
+€91,290
Trade debts
+€15,107
Tax, wage and social debts
+€10,681
Other debts
-€60,000
Accrued charges and deferred income
+€871
Investment (derived)
-€109,453
Investment in fixed assets (net)
-€109,453
Financing
-€71,429
Debts after one year
-€71,429
Cash 2025
€482,533
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,017,727 | €3,203,607 | +€185,880 | +6.2% |
| Fixed assets | 21/28 | €813,316 | €789,604 | -€23,712 | -2.9% |
| Tangible fixed assets | 22/27 | €813,161 | €789,449 | -€23,712 | -2.9% |
| Land and buildings | 22 | €484,131 | €476,250 | -€7,881 | -1.6% |
| Plant, machinery and equipment | 23 | €119,617 | €84,375 | -€35,242 | -29.5% |
| Furniture and vehicles | 24 | €209,413 | €228,823 | +€19,411 | +9.3% |
| Financial fixed assets | 28 | €155 | €155 | = | 0.0% |
| Current assets | 29/58 | €2,204,411 | €2,414,003 | +€209,592 | +9.5% |
| Stocks and contracts in progress | 3 | €1,250,414 | €1,406,152 | +€155,738 | +12.5% |
| Stocks | 30/36 | €1,250,414 | €1,406,152 | +€155,738 | +12.5% |
| Amounts receivable within one year | 40/41 | €616,609 | €525,319 | -€91,290 | -14.8% |
| Trade receivables | 40 | €590,192 | €507,336 | -€82,856 | -14.0% |
| Other amounts receivable | 41 | €26,417 | €17,983 | -€8,434 | -31.9% |
| Cash at bank and in hand | 54/58 | €337,389 | €482,533 | +€145,144 | +43.0% |
| Total equity and liabilities | 10/49 | €3,017,727 | €3,203,607 | +€185,880 | +6.2% |
| Equity | 10/15 | €2,360,318 | €2,650,968 | +€290,650 | +12.3% |
| Contributions | 10/11 | €26,000 | €26,000 | = | 0.0% |
| Reserves | 13 | €2,334,318 | €2,624,968 | +€290,650 | +12.5% |
| Non-distributable reserves | 130/1 | €2,600 | €2,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,600 | €2,600 | = | 0.0% |
| Distributable reserves | 133 | €2,331,718 | €2,622,368 | +€290,650 | +12.5% |
| Provisions and deferred taxes | 16 | €2,867 | €2,867 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €2,867 | €2,867 | = | 0.0% |
| Other liabilities and charges | 164/5 | €2,867 | €2,867 | = | 0.0% |
| Amounts payable | 17/49 | €654,542 | €549,772 | -€104,770 | -16.0% |
| Amounts payable after more than one year | 17 | €327,381 | €255,952 | -€71,429 | -21.8% |
| Financial debts | 170/4 | €327,381 | €255,952 | -€71,429 | -21.8% |
| Amounts payable within one year | 42/48 | €324,242 | €290,030 | -€34,212 | -10.6% |
| Current portion of amounts payable after more than one year | 42 | €71,429 | €71,429 | = | 0.0% |
| Trade debts | 44 | €86,942 | €102,049 | +€15,107 | +17.4% |
| Suppliers | 440/4 | €86,942 | €102,049 | +€15,107 | +17.4% |
| Taxes, remuneration and social security | 45 | €105,872 | €116,553 | +€10,681 | +10.1% |
| Taxes | 450/3 | €8,278 | €14,039 | +€5,761 | +69.6% |
| Remuneration and social security | 454/9 | €97,594 | €102,514 | +€4,919 | +5.0% |
| Other amounts payable | 47/48 | €60,000 | - | -€60,000 | |
| Accrued charges and deferred income | 492/3 | €2,919 | €3,790 | +€871 | +29.9% |
| Non-recurring operating income | 76A | €18,000 | - | -€18,000 | |
| Remuneration, social security and pensions | 62 | €546,363 | €579,566 | +€33,203 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113,245 | €133,165 | +€19,920 | +17.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,675 | +€2,675 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €2,867 | - | -€2,867 | |
| Other operating charges | 640/8 | €10,375 | €10,535 | +€160 | +1.5% |
| Non-recurring operating charges | 66A | €88 | €422 | +€334 | +379% |
| Gross operating margin | 9900 | €1,241,055 | €1,140,878 | -€100,177 | -8.1% |
| Operating profit (loss) | 9901 | €568,117 | €414,515 | -€153,602 | -27.0% |
| Financial income | 75/76B | €5,191 | €2,408 | -€2,783 | -53.6% |
| Recurring financial income | 75 | €5,191 | €2,408 | -€2,783 | -53.6% |
| Financial charges | 65/66B | €28,358 | €34,256 | +€5,898 | +20.8% |
| Recurring financial charges | 65 | €28,358 | €34,256 | +€5,898 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | €544,950 | €382,667 | -€162,284 | -29.8% |
| Income taxes | 67/77 | €133,278 | €92,017 | -€41,261 | -31.0% |
| Profit (loss) for the period | 9904 | €411,673 | €290,650 | -€121,023 | -29.4% |
| Profit (loss) for the period to be appropriated | 9905 | €411,673 | €290,650 | -€121,023 | -29.4% |
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 14 October 2026 via checked.be.