Protech Ortho: 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.
Protech Ortho
Largest movements
- Cash +€74,275
up €74,275 (+46.4%), from €160,239 to €234,514
mainly Net result for the year (+€138,859) and Other debts (+€120,016)
- Receivables within one year +€47,350
up €47,350 (+94.6%), from €50,055 to €97,406
of which Trade receivables: +€49,949
- Tangible fixed assets -€13,778
down €13,778 (-34.0%), from €40,487 to €26,709
of which Furniture and vehicles: -€13,371
- Other debts +€120,016
up €120,016 (+157.1%), from €76,404 to €196,420
- Tax, wage and social debts -€12,901
down €12,901 (-54.0%), from €23,888 to €10,987
of which Taxes: -€13,224
- Trade debts +€6,573
up €6,573 (+90.9%), from €7,229 to €13,803
- Gross operating margin +€82,996
up €82,996 (+64.9%), from €127,807 to €210,803
- Taxes +€17,120
up €17,120 (+70.7%), from €24,217 to €41,337
- Financial charges +€12,974
up €12,974 (+311.6%), from €4,163 to €17,137
- Depreciation +€4,545
up €4,545 (+49.2%), from €9,233 to €13,778
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 | €276,073 | €385,902 | +€109,829 | +39.8% |
| Fixed assets | 21/28 | €43,337 | €29,559 | -€13,778 | -31.8% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €40,487 | €26,709 | -€13,778 | -34.0% |
| Plant, machinery and equipment | 23 | €765 | €357 | -€408 | -53.3% |
| Furniture and vehicles | 24 | €39,722 | €26,351 | -€13,371 | -33.7% |
| Financial fixed assets | 28 | €2,850 | €2,850 | = | 0.0% |
| Current assets | 29/58 | €232,735 | €356,343 | +€123,607 | +53.1% |
| Stocks and contracts in progress | 3 | €18,076 | €19,918 | +€1,842 | +10.2% |
| Stocks | 30/36 | €18,076 | €19,918 | +€1,842 | +10.2% |
| Amounts receivable within one year | 40/41 | €50,055 | €97,406 | +€47,350 | +94.6% |
| Trade receivables | 40 | €47,348 | €97,297 | +€49,949 | +105.5% |
| Other amounts receivable | 41 | €2,707 | €109 | -€2,598 | -96.0% |
| Cash at bank and in hand | 54/58 | €160,239 | €234,514 | +€74,275 | +46.4% |
| Deferred charges and accrued income | 490/1 | €4,365 | €4,506 | +€141 | +3.2% |
| Total equity and liabilities | 10/49 | €276,073 | €385,902 | +€109,829 | +39.8% |
| Equity | 10/15 | €160,770 | €158,859 | -€1,911 | -1.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €140,770 | €138,859 | -€1,911 | -1.4% |
| Distributable reserves | 133 | €140,770 | €138,859 | -€1,911 | -1.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €115,302 | €227,043 | +€111,741 | +96.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €109,469 | €221,210 | +€111,741 | +102.1% |
| Current portion of amounts payable after more than one year | 42 | €1,948 | €0 | -€1,948 | -100.0% |
| Trade debts | 44 | €7,229 | €13,803 | +€6,573 | +90.9% |
| Suppliers | 440/4 | €7,229 | €13,803 | +€6,573 | +90.9% |
| Taxes, remuneration and social security | 45 | €23,888 | €10,987 | -€12,901 | -54.0% |
| Taxes | 450/3 | €23,888 | €10,664 | -€13,224 | -55.4% |
| Remuneration and social security | 454/9 | €0 | €324 | +€324 | |
| Other amounts payable | 47/48 | €76,404 | €196,420 | +€120,016 | +157.1% |
| Accrued charges and deferred income | 492/3 | €5,833 | €5,833 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,233 | €13,778 | +€4,545 | +49.2% |
| Other operating charges | 640/8 | €933 | €1,862 | +€929 | +99.6% |
| Gross operating margin | 9900 | €127,807 | €210,803 | +€82,996 | +64.9% |
| Operating profit (loss) | 9901 | €117,640 | €195,162 | +€77,522 | +65.9% |
| Financial income | 75/76B | €1,308 | €2,170 | +€863 | +66.0% |
| Recurring financial income | 75 | €1,308 | €2,170 | +€863 | +66.0% |
| Financial charges | 65/66B | €4,163 | €17,137 | +€12,974 | +311.6% |
| Recurring financial charges | 65 | €4,163 | €17,137 | +€12,974 | +311.6% |
| Profit (loss) for the period before taxes | 9903 | €114,785 | €180,196 | +€65,411 | +57.0% |
| Income taxes | 67/77 | €24,217 | €41,337 | +€17,120 | +70.7% |
| Profit (loss) for the period | 9904 | €90,568 | €138,859 | +€48,290 | +53.3% |
| Profit (loss) for the period to be appropriated | 9905 | €90,568 | €138,859 | +€48,290 | +53.3% |
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.