PROTECH EUROPE: 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.
PROTECH EUROPE
Largest movements
- Stocks and contracts -€67,845
down €67,845 (-57.0%), from €119,052 to €51,207
- Receivables within one year +€18,904
up €18,904 (+4.1%), from €462,385 to €481,289
of which Trade receivables: +€19,250
- Profit (loss) carried forward -€196,348
down €196,348 (-11.0%), from -€1.8m to -€2.0m
- Trade debts +€76,739
up €76,739 (+19.0%), from €403,345 to €480,084
- Other debts +€61,786
up €61,786 (+3.7%), from €1.7m to €1.7m
- Tax, wage and social debts +€16,260
up €16,260 (+806%), from €2,016 to €18,276
of which Taxes: +€14,216
- Provisions -€11,475
down €11,475 (-100%), from €11,475 to €0
- Gross operating margin +€47,107
up €47,107 (+23.2%), from -€203,081 to -€155,975
- Write-downs -€42,351
down €42,351 (-90.2%), from €46,952 to €4,601
- Other operating charges -€37,258
down €37,258 (-87.3%), from €42,691 to €5,433
- Staff costs -€14,490
down €14,490 (-52.7%), from €27,516 to €13,026
- Taxes -€7,026
down €7,026 (-61.2%), from €11,475 to €4,449
From the 2023 result to the 2024 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.
Derived cash bridge
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €624,075 | €566,072 | -€58,003 | -9.3% |
| Fixed assets | 21/28 | €35,232 | €27,145 | -€8,087 | -23.0% |
| Intangible fixed assets | 21 | €12,132 | €7,433 | -€4,699 | -38.7% |
| Tangible fixed assets | 22/27 | €22,100 | €18,712 | -€3,388 | -15.3% |
| Plant, machinery and equipment | 23 | €19,979 | €17,374 | -€2,605 | -13.0% |
| Furniture and vehicles | 24 | €2,121 | €1,338 | -€783 | -36.9% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €588,843 | €538,926 | -€49,916 | -8.5% |
| Stocks and contracts in progress | 3 | €119,052 | €51,207 | -€67,845 | -57.0% |
| Stocks | 30/36 | €119,052 | €51,207 | -€67,845 | -57.0% |
| Amounts receivable within one year | 40/41 | €462,385 | €481,289 | +€18,904 | +4.1% |
| Trade receivables | 40 | €457,446 | €476,696 | +€19,250 | +4.2% |
| Other amounts receivable | 41 | €4,940 | €4,593 | -€347 | -7.0% |
| Cash at bank and in hand | 54/58 | €7,405 | €6,430 | -€975 | -13.2% |
| Total equity and liabilities | 10/49 | €624,075 | €566,072 | -€58,003 | -9.3% |
| Equity | 10/15 | -€1,474,096 | -€1,670,443 | -€196,348 | -13.3% |
| Contributions | 10/11 | €312,000 | €312,000 | = | 0.0% |
| Capital | 10 | €312,000 | €312,000 | = | 0.0% |
| Issued capital | 100 | €312,000 | €312,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,792,296 | -€1,988,643 | -€196,348 | -11.0% |
| Provisions and deferred taxes | 16 | €11,475 | €0 | -€11,475 | -100% |
| Provisions for liabilities and charges | 160/5 | €11,475 | €0 | -€11,475 | -100% |
| Taxes | 161 | €11,475 | €0 | -€11,475 | -100% |
| Amounts payable | 17/49 | €2,086,695 | €2,236,515 | +€149,820 | +7.2% |
| Amounts payable within one year | 42/48 | €2,086,559 | €2,236,515 | +€149,956 | +7.2% |
| Current portion of amounts payable after more than one year | 42 | €6,650 | €0 | -€6,650 | -100% |
| Financial debts | 43 | - | €1,822 | +€1,822 | |
| Credit institutions | 430/8 | - | €1,822 | +€1,822 | |
| Trade debts | 44 | €403,345 | €480,084 | +€76,739 | +19.0% |
| Suppliers | 440/4 | €403,345 | €480,084 | +€76,739 | +19.0% |
| Taxes, remuneration and social security | 45 | €2,016 | €18,276 | +€16,260 | +806% |
| Taxes | 450/3 | €2,016 | €16,233 | +€14,216 | +705% |
| Remuneration and social security | 454/9 | - | €2,044 | +€2,044 | |
| Other amounts payable | 47/48 | €1,674,547 | €1,736,333 | +€61,786 | +3.7% |
| Accrued charges and deferred income | 492/3 | €137 | €0 | -€137 | -100% |
| Non-recurring operating income | 76A | €1,370 | €0 | -€1,370 | -100% |
| Remuneration, social security and pensions | 62 | €27,516 | €13,026 | -€14,490 | -52.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,518 | €8,087 | -€3,431 | -29.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €46,952 | €4,601 | -€42,351 | -90.2% |
| Other operating charges | 640/8 | €42,691 | €5,433 | -€37,258 | -87.3% |
| Gross operating margin | 9900 | -€203,081 | -€155,975 | +€47,107 | +23.2% |
| Operating profit (loss) | 9901 | -€331,759 | -€187,122 | +€144,637 | +43.6% |
| Financial income | 75/76B | €5,179 | €77 | -€5,102 | -98.5% |
| Recurring financial income | 75 | €5,179 | €77 | -€5,102 | -98.5% |
| Financial charges | 65/66B | €11,309 | €4,853 | -€6,456 | -57.1% |
| Recurring financial charges | 65 | €11,309 | €4,853 | -€6,456 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | -€337,889 | -€191,898 | +€145,990 | +43.2% |
| Income taxes | 67/77 | €11,475 | €4,449 | -€7,026 | -61.2% |
| Profit (loss) for the period | 9904 | -€349,364 | -€196,348 | +€153,016 | +43.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€349,364 | -€196,348 | +€153,016 | +43.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.