PROTECT'eau: 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.
PROTECT'eau
Largest movements
- Cash +€359,399
up €359,399 (+1651.5%), from €21,762 to €381,161
mainly Net result for the year (+€231,878) and Receivables within one year (+€158,044)
- Receivables within one year -€158,044
down €158,044 (-28.9%), from €546,495 to €388,451
of which Other amounts receivable: -€159,355
- Tangible fixed assets +€14,611
up €14,611 (+320.6%), from €4,557 to €19,168
of which Plant, machinery and equipment: +€11,536
- Deferred charges and accrued income -€9,865
down €9,865 (-74.8%), from €13,184 to €3,319
- Intangible fixed assets -€9,294
down €9,294 (-36.3%), from €25,627 to €16,333
- Profit (loss) carried forward +€118,400
up €118,400, from -€118,400 to €0
- Reserves +€113,478
up €113,478 (+26.7%), from €424,764 to €538,242
- Trade debts -€19,681
down €19,681 (-26.4%), from €74,630 to €54,949
- Tax, wage and social debts -€14,092
down €14,092 (-5.9%), from €239,104 to €225,012
of which Remuneration and social security: -€16,321
- Staff costs -€146,688
down €146,688 (-6.8%), from €2.1m to €2.0m
- Gross operating margin +€116,263
up €116,263 (+5.4%), from €2.1m to €2.3m
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 | €621,214 | €818,206 | +€196,993 | +31.7% |
| Fixed assets | 21/28 | €39,773 | €45,276 | +€5,502 | +13.8% |
| Intangible fixed assets | 21 | €25,627 | €16,333 | -€9,294 | -36.3% |
| Tangible fixed assets | 22/27 | €4,557 | €19,168 | +€14,611 | +320.6% |
| Plant, machinery and equipment | 23 | - | €11,536 | +€11,536 | |
| Furniture and vehicles | 24 | €4,557 | €7,632 | +€3,075 | +67.5% |
| Financial fixed assets | 28 | €9,590 | €9,775 | +€185 | +1.9% |
| Current assets | 29/58 | €581,441 | €772,931 | +€191,490 | +32.9% |
| Amounts receivable within one year | 40/41 | €546,495 | €388,451 | -€158,044 | -28.9% |
| Trade receivables | 40 | €723 | €2,034 | +€1,311 | +181.3% |
| Other amounts receivable | 41 | €545,772 | €386,417 | -€159,355 | -29.2% |
| Cash at bank and in hand | 54/58 | €21,762 | €381,161 | +€359,399 | +1651.5% |
| Deferred charges and accrued income | 490/1 | €13,184 | €3,319 | -€9,865 | -74.8% |
| Total equity and liabilities | 10/49 | €621,214 | €818,206 | +€196,993 | +31.7% |
| Equity | 10/15 | €306,364 | €538,242 | +€231,878 | +75.7% |
| Reserves | 13 | €424,764 | €538,242 | +€113,478 | +26.7% |
| Profit (loss) carried forward | 14 | -€118,400 | €0 | +€118,400 | |
| Amounts payable | 17/49 | €314,850 | €279,965 | -€34,885 | -11.1% |
| Amounts payable within one year | 42/48 | €313,734 | €279,961 | -€33,773 | -10.8% |
| Trade debts | 44 | €74,630 | €54,949 | -€19,681 | -26.4% |
| Suppliers | 440/4 | €74,630 | €54,949 | -€19,681 | -26.4% |
| Taxes, remuneration and social security | 45 | €239,104 | €225,012 | -€14,092 | -5.9% |
| Taxes | 450/3 | - | €2,229 | +€2,229 | |
| Remuneration and social security | 454/9 | €239,104 | €222,783 | -€16,321 | -6.8% |
| Accrued charges and deferred income | 492/3 | €1,116 | €4 | -€1,112 | -99.7% |
| Remuneration, social security and pensions | 62 | €2,143,883 | €1,997,196 | -€146,688 | -6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,371 | €12,761 | -€2,611 | -17.0% |
| Other operating charges | 640/8 | €802 | €721 | -€81 | -10.1% |
| Gross operating margin | 9900 | €2,136,447 | €2,252,710 | +€116,263 | +5.4% |
| Operating profit (loss) | 9901 | -€23,610 | €242,032 | +€265,642 | |
| Financial income | 75/76B | €60 | €301 | +€240 | +400.2% |
| Recurring financial income | 75 | €60 | €120 | +€60 | +100.1% |
| Non-recurring financial income | 76B | €0 | €180 | +€180 | |
| Financial charges | 65/66B | €132 | €10,433 | +€10,301 | +7820.9% |
| Recurring financial charges | 65 | €132 | €73 | -€59 | -44.7% |
| Non-recurring financial charges | 66B | - | €10,360 | +€10,360 | |
| Profit (loss) for the period before taxes | 9903 | -€23,681 | €231,900 | +€255,582 | |
| Income taxes | 67/77 | €11 | €23 | +€11 | +100.4% |
| Profit (loss) for the period | 9904 | -€23,693 | €231,878 | +€255,570 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,693 | €231,878 | +€255,570 |
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 8 October 2026 via checked.be.