PROTECT-SERVICES: 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.
PROTECT-SERVICES
Largest movements
- Tangible fixed assets -€32,735
down €32,735 (-48.0%), from €68,256 to €35,521
of which Land and buildings: -€29,000
- Cash +€17,614
up €17,614 (+9.1%), from €194,352 to €211,966
mainly Depreciation (+€40,066) and Tax, wage and social debts (+€1,473)
- Debts after one year -€8,258
down €8,258 (-43.5%), from €18,984 to €10,726
- Trade debts -€4,627
down €4,627 (-83.8%), from €5,524 to €897
- Gross operating margin +€26,741
up €26,741 (+153.2%), from €17,455 to €44,196
- Depreciation +€1,663
up €1,663 (+4.3%), from €38,403 to €40,066
- Other operating charges -€1,215
down €1,215 (-33.6%), from €3,611 to €2,396
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 | €361,311 | €351,186 | -€10,125 | -2.8% |
| Fixed assets | 21/28 | €68,256 | €35,521 | -€32,735 | -48.0% |
| Tangible fixed assets | 22/27 | €68,256 | €35,521 | -€32,735 | -48.0% |
| Land and buildings | 22 | €35,259 | €6,259 | -€29,000 | -82.2% |
| Furniture and vehicles | 24 | €32,997 | €29,262 | -€3,735 | -11.3% |
| Current assets | 29/58 | €293,055 | €315,665 | +€22,610 | +7.7% |
| Amounts receivable after more than one year | 29 | €75,894 | €75,894 | = | 0.0% |
| Other amounts receivable | 291 | €75,894 | €75,894 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,099 | €24,877 | +€2,778 | +12.6% |
| Trade receivables | 40 | €20,099 | €14,932 | -€5,167 | -25.7% |
| Other amounts receivable | 41 | €2,000 | €9,945 | +€7,945 | +397.3% |
| Cash at bank and in hand | 54/58 | €194,352 | €211,966 | +€17,614 | +9.1% |
| Deferred charges and accrued income | 490/1 | €710 | €2,928 | +€2,218 | +312.4% |
| Total equity and liabilities | 10/49 | €361,311 | €351,186 | -€10,125 | -2.8% |
| Equity | 10/15 | €301,094 | €302,063 | +€969 | +0.3% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €327,682 | €327,682 | = | 0.0% |
| Non-distributable reserves | 130/1 | €619 | €619 | = | 0.0% |
| Reserves not available under the articles | 1311 | €619 | €619 | = | 0.0% |
| Tax-exempt reserves | 132 | €75,063 | €75,063 | = | 0.0% |
| Distributable reserves | 133 | €252,000 | €252,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,785 | -€31,816 | +€969 | +3.0% |
| Provisions and deferred taxes | 16 | €27,842 | €27,842 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €27,842 | €27,842 | = | 0.0% |
| Pensions and similar obligations | 160 | €27,842 | €27,842 | = | 0.0% |
| Amounts payable | 17/49 | €32,375 | €21,281 | -€11,094 | -34.3% |
| Amounts payable after more than one year | 17 | €18,984 | €10,726 | -€8,258 | -43.5% |
| Financial debts | 170/4 | €18,984 | €10,726 | -€8,258 | -43.5% |
| Amounts payable within one year | 42/48 | €13,391 | €10,555 | -€2,836 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €7,267 | €7,585 | +€318 | +4.4% |
| Trade debts | 44 | €5,524 | €897 | -€4,627 | -83.8% |
| Suppliers | 440/4 | €5,524 | €897 | -€4,627 | -83.8% |
| Taxes, remuneration and social security | 45 | €600 | €2,073 | +€1,473 | +245.5% |
| Taxes | 450/3 | €600 | €2,073 | +€1,473 | +245.5% |
| Non-recurring operating income | 76A | - | €92 | +€92 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,403 | €40,066 | +€1,663 | +4.3% |
| Other operating charges | 640/8 | €3,611 | €2,396 | -€1,215 | -33.6% |
| Gross operating margin | 9900 | €17,455 | €44,196 | +€26,741 | +153.2% |
| Operating profit (loss) | 9901 | -€24,559 | €1,734 | +€26,293 | |
| Financial income | 75/76B | €310 | €295 | -€15 | -4.8% |
| Recurring financial income | 75 | €310 | €295 | -€15 | -4.8% |
| Financial charges | 65/66B | €1,405 | €1,060 | -€345 | -24.6% |
| Recurring financial charges | 65 | €1,405 | €1,060 | -€345 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | -€25,654 | €969 | +€26,623 | |
| Profit (loss) for the period | 9904 | -€25,654 | €969 | +€26,623 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,654 | €969 | +€26,623 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.