PROTECTIM: 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.
PROTECTIM
Largest movements
- Cash +€29,402
up €29,402 (+11.2%), from €261,434 to €290,836
mainly Trade debts (+€78,704) and Receivables within one year (+€21,470)
- Receivables within one year -€21,470
down €21,470 (-5.2%), from €409,335 to €387,865
of which Other amounts receivable: -€16,749
- Tangible fixed assets +€20,476
up €20,476 (+2.1%), from €955,227 to €975,703
of which Land and buildings: +€21,406
- Trade debts +€78,704
up €78,704 (+105.7%), from €74,486 to €153,190
- Profit (loss) carried forward -€50,296
down €50,296 (-16.9%), from €297,958 to €247,662
- Gross operating margin -€10,822
down €10,822 (-92.0%), from €11,768 to €946
- Financial income -€3,498
down €3,498 (-49.5%), from €7,071 to €3,573
- Depreciation +€1,807
up €1,807 (+13.0%), from €13,857 to €15,664
- Other operating charges -€1,255
down €1,255 (-3.1%), from €40,345 to €39,090
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 | €1,715,996 | €1,744,404 | +€28,408 | +1.7% |
| Fixed assets | 21/28 | €1,045,227 | €1,065,703 | +€20,476 | +2.0% |
| Tangible fixed assets | 22/27 | €955,227 | €975,703 | +€20,476 | +2.1% |
| Land and buildings | 22 | €954,297 | €975,703 | +€21,406 | +2.2% |
| Plant, machinery and equipment | 23 | €930 | - | -€930 | |
| Financial fixed assets | 28 | €90,000 | €90,000 | = | 0.0% |
| Current assets | 29/58 | €670,769 | €678,701 | +€7,932 | +1.2% |
| Amounts receivable within one year | 40/41 | €409,335 | €387,865 | -€21,470 | -5.2% |
| Trade receivables | 40 | €276,613 | €271,892 | -€4,721 | -1.7% |
| Other amounts receivable | 41 | €132,722 | €115,973 | -€16,749 | -12.6% |
| Cash at bank and in hand | 54/58 | €261,434 | €290,836 | +€29,402 | +11.2% |
| Total equity and liabilities | 10/49 | €1,715,996 | €1,744,404 | +€28,408 | +1.7% |
| Equity | 10/15 | €1,529,958 | €1,479,662 | -€50,296 | -3.3% |
| Contributions | 10/11 | €1,120,000 | €1,120,000 | = | 0.0% |
| Capital | 10 | €1,120,000 | €1,120,000 | = | 0.0% |
| Issued capital | 100 | €1,120,000 | €1,120,000 | = | 0.0% |
| Reserves | 13 | €112,000 | €112,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €112,000 | €112,000 | = | 0.0% |
| Legal reserve | 130 | €112,000 | €112,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €297,958 | €247,662 | -€50,296 | -16.9% |
| Provisions and deferred taxes | 16 | €111,552 | €111,552 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €111,552 | €111,552 | = | 0.0% |
| Other liabilities and charges | 164/5 | €111,552 | €111,552 | = | 0.0% |
| Amounts payable | 17/49 | €74,486 | €153,190 | +€78,704 | +105.7% |
| Amounts payable within one year | 42/48 | €74,486 | €153,190 | +€78,704 | +105.7% |
| Trade debts | 44 | €74,486 | €153,190 | +€78,704 | +105.7% |
| Suppliers | 440/4 | €74,486 | €153,190 | +€78,704 | +105.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,857 | €15,664 | +€1,807 | +13.0% |
| Other operating charges | 640/8 | €40,345 | €39,090 | -€1,255 | -3.1% |
| Gross operating margin | 9900 | €11,768 | €946 | -€10,822 | -92.0% |
| Operating profit (loss) | 9901 | -€42,434 | -€53,808 | -€11,374 | -26.8% |
| Financial income | 75/76B | €7,071 | €3,573 | -€3,498 | -49.5% |
| Recurring financial income | 75 | €7,071 | €3,573 | -€3,498 | -49.5% |
| Financial charges | 65/66B | €38 | €61 | +€23 | +60.5% |
| Recurring financial charges | 65 | €38 | €61 | +€23 | +60.5% |
| Profit (loss) for the period before taxes | 9903 | -€35,401 | -€50,296 | -€14,895 | -42.1% |
| Profit (loss) for the period | 9904 | -€35,401 | -€50,296 | -€14,895 | -42.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,401 | -€50,296 | -€14,895 | -42.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.