PROTEC UP: 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 UP
Largest movements
- Receivables within one year -€3,031
down €3,031 (-14.8%), from €20,439 to €17,409
of which Other amounts receivable: -€3,175
- Tangible fixed assets -€1,500
down €1,500 (-40.0%), from €3,750 to €2,250
- Profit (loss) carried forward -€8,351
down €8,351 (-22.4%), from €37,303 to €28,952
- Trade debts +€3,832
new in 2025: €3,832
- Write-downs -€43,909
no longer reported in 2025 (was €43,909)
- Gross operating margin -€13,572
down €13,572, from €13,256 to -€316
- Taxes -€3,784
down €3,784 (-40.4%), from €9,356 to €5,572
- Depreciation +€750
up €750 (+100.0%), from €750 to €1,500
- Other operating charges +€449
new in 2025: €449
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 | €39,303 | €34,784 | -€4,519 | -11.5% |
| Fixed assets | 21/28 | €3,750 | €2,250 | -€1,500 | -40.0% |
| Tangible fixed assets | 22/27 | €3,750 | €2,250 | -€1,500 | -40.0% |
| Furniture and vehicles | 24 | €3,750 | €2,250 | -€1,500 | -40.0% |
| Current assets | 29/58 | €35,553 | €32,534 | -€3,019 | -8.5% |
| Amounts receivable within one year | 40/41 | €20,439 | €17,409 | -€3,031 | -14.8% |
| Trade receivables | 40 | €11,358 | €11,503 | +€144 | +1.3% |
| Other amounts receivable | 41 | €9,081 | €5,906 | -€3,175 | -35.0% |
| Cash at bank and in hand | 54/58 | €15,114 | €15,125 | +€12 | +0.1% |
| Total equity and liabilities | 10/49 | €39,303 | €34,784 | -€4,519 | -11.5% |
| Equity | 10/15 | €39,303 | €30,952 | -€8,351 | -21.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,303 | €28,952 | -€8,351 | -22.4% |
| Amounts payable | 17/49 | - | €3,832 | +€3,832 | |
| Amounts payable within one year | 42/48 | - | €3,832 | +€3,832 | |
| Trade debts | 44 | - | €3,832 | +€3,832 | |
| Suppliers | 440/4 | - | €3,832 | +€3,832 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €750 | €1,500 | +€750 | +100.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €43,909 | - | -€43,909 | |
| Other operating charges | 640/8 | - | €449 | +€449 | |
| Non-recurring operating charges | 66A | €100 | €246 | +€146 | +146.4% |
| Gross operating margin | 9900 | €13,256 | -€316 | -€13,572 | |
| Operating profit (loss) | 9901 | -€31,503 | -€2,511 | +€28,992 | +92.0% |
| Financial charges | 65/66B | €376 | €268 | -€108 | -28.8% |
| Recurring financial charges | 65 | €376 | €268 | -€108 | -28.8% |
| Profit (loss) for the period before taxes | 9903 | -€31,880 | -€2,779 | +€29,101 | +91.3% |
| Income taxes | 67/77 | €9,356 | €5,572 | -€3,784 | -40.4% |
| Profit (loss) for the period | 9904 | -€41,236 | -€8,351 | +€32,885 | +79.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,236 | -€8,351 | +€32,885 | +79.7% |
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 6 October 2026 via checked.be.