Protection et Sécurité: what changed
What changed
Protection et Sécurité
NACE 47.789, Other retail sale of new goods
filed annual accounts (NBB)
Net result for the year
€61,234
2024 · €82,793-€21,558
Equity
€609,550
2024 · €622,316-€12,766
Cash
€125,146
2024 · €149,850-€24,704
Balance sheet total
€957,564
2024 · €1.1m-€134,112
Largest movements
Assets
- Tangible fixed assets -€55,070
down €55,070 (-11.4%), from €481,912 to €426,842
of which Land and buildings: -€38,403
- Receivables within one year -€49,516
down €49,516 (-19.6%), from €253,047 to €203,531
of which Trade receivables: -€55,083
- Cash -€24,704
down €24,704 (-16.5%), from €149,850 to €125,146
mainly Contributions, distributions and other (-€74,000) and Trade debts (-€47,910)
Equity and liabilities
- Trade debts -€47,910
down €47,910 (-54.3%), from €88,265 to €40,355
- Other debts -€35,400
down €35,400 (-22.3%), from €158,539 to €123,139
- Tax, wage and social debts -€16,366
down €16,366 (-16.5%), from €99,164 to €82,798
of which Taxes: -€21,126
- Debts after one year -€15,766
down €15,766 (-79.9%), from €19,736 to €3,970
- Reserves -€11,828
down €11,828 (-2.5%), from €482,075 to €470,248
of which Tax-exempt reserves: -€11,828
Income statement
- Staff costs +€48,615
up €48,615 (+44.8%), from €108,501 to €157,117
- Gross operating margin +€27,625
up €27,625 (+9.7%), from €284,574 to €312,199
- Taxes -€13,374
down €13,374 (-33.7%), from €39,696 to €26,322
- Depreciation +€10,331
up €10,331 (+18.9%), from €54,782 to €65,113
- Write-downs +€4,308
up €4,308, from -€2,338 to €1,970
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€82,793
Gross operating margin
+€27,625
Staff costs
-€48,615
Depreciation
-€10,331
Write-downs
-€4,308
Other operating charges
+€23
Financial income
+€1,735
Financial charges
+€2,136
Taxes
+€13,374
Deferred taxes and other
-€3,196
Result 2025
€61,234
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€74,919
Investment
-€10,043
Financing
-€89,580
Cash 2024
€149,850
From operations (derived)
+€74,919
Net result for the year
+€61,234
Depreciation
+€65,113
Stocks and contracts
+€4,872
Receivables within one year
+€49,516
Deferred charges and accrued income
-€50
Provisions
-€6,090
Trade debts
-€47,910
Tax, wage and social debts
-€16,366
Other debts
-€35,400
Investment (derived)
-€10,043
Investment in fixed assets (net)
-€10,043
Financing
-€89,580
Debts after one year
-€15,766
Current portion of long-term debt
+€186
Contributions, distributions and other
-€74,000
Cash 2025
€125,146
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,091,677 | €957,564 | -€134,112 | -12.3% |
| Fixed assets | 21/28 | €481,912 | €426,842 | -€55,070 | -11.4% |
| Tangible fixed assets | 22/27 | €481,912 | €426,842 | -€55,070 | -11.4% |
| Land and buildings | 22 | €424,348 | €385,946 | -€38,403 | -9.0% |
| Plant, machinery and equipment | 23 | €2,131 | €1,877 | -€254 | -11.9% |
| Furniture and vehicles | 24 | €55,433 | €39,020 | -€16,413 | -29.6% |
| Current assets | 29/58 | €609,764 | €530,722 | -€79,043 | -13.0% |
| Stocks and contracts in progress | 3 | €199,491 | €194,619 | -€4,872 | -2.4% |
| Stocks | 30/36 | €199,491 | €194,619 | -€4,872 | -2.4% |
| Amounts receivable within one year | 40/41 | €253,047 | €203,531 | -€49,516 | -19.6% |
| Trade receivables | 40 | €248,601 | €193,518 | -€55,083 | -22.2% |
| Other amounts receivable | 41 | €4,447 | €10,013 | +€5,566 | +125% |
| Cash at bank and in hand | 54/58 | €149,850 | €125,146 | -€24,704 | -16.5% |
| Deferred charges and accrued income | 490/1 | €7,376 | €7,426 | +€50 | +0.7% |
| Total equity and liabilities | 10/49 | €1,091,677 | €957,564 | -€134,112 | -12.3% |
| Equity | 10/15 | €622,316 | €609,550 | -€12,766 | -2.1% |
| Contributions | 10/11 | €134,854 | €134,854 | = | 0.0% |
| Capital | 10 | €134,854 | €134,854 | = | 0.0% |
| Issued capital | 100 | €134,854 | €134,854 | = | 0.0% |
| Reserves | 13 | €482,075 | €470,248 | -€11,828 | -2.5% |
| Non-distributable reserves | 130/1 | €13,485 | €13,485 | = | 0.0% |
| Legal reserve | 130 | €13,485 | €13,485 | = | 0.0% |
| Tax-exempt reserves | 132 | €168,590 | €156,762 | -€11,828 | -7.0% |
| Distributable reserves | 133 | €300,000 | €300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,589 | €651 | -€938 | -59.0% |
| Investment grants | 15 | €3,798 | €3,798 | = | 0.0% |
| Provisions and deferred taxes | 16 | €88,077 | €81,986 | -€6,090 | -6.9% |
| Deferred taxes | 168 | €88,077 | €81,986 | -€6,090 | -6.9% |
| Amounts payable | 17/49 | €381,284 | €266,027 | -€115,257 | -30.2% |
| Amounts payable after more than one year | 17 | €19,736 | €3,970 | -€15,766 | -79.9% |
| Financial debts | 170/4 | €19,736 | €3,970 | -€15,766 | -79.9% |
| Amounts payable within one year | 42/48 | €361,548 | €262,057 | -€99,491 | -27.5% |
| Current portion of amounts payable after more than one year | 42 | €15,580 | €15,766 | +€186 | +1.2% |
| Trade debts | 44 | €88,265 | €40,355 | -€47,910 | -54.3% |
| Suppliers | 440/4 | €88,265 | €40,355 | -€47,910 | -54.3% |
| Taxes, remuneration and social security | 45 | €99,164 | €82,798 | -€16,366 | -16.5% |
| Taxes | 450/3 | €79,109 | €57,983 | -€21,126 | -26.7% |
| Remuneration and social security | 454/9 | €20,055 | €24,815 | +€4,761 | +23.7% |
| Other amounts payable | 47/48 | €158,539 | €123,139 | -€35,400 | -22.3% |
| Remuneration, social security and pensions | 62 | €108,501 | €157,117 | +€48,615 | +44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,782 | €65,113 | +€10,331 | +18.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,338 | €1,970 | +€4,308 | |
| Other operating charges | 640/8 | €6,529 | €6,506 | -€23 | -0.4% |
| Gross operating margin | 9900 | €284,574 | €312,199 | +€27,625 | +9.7% |
| Operating profit (loss) | 9901 | €117,100 | €81,493 | -€35,607 | -30.4% |
| Financial income | 75/76B | €484 | €2,218 | +€1,735 | +359% |
| Recurring financial income | 75 | €484 | €2,218 | +€1,735 | +359% |
| Financial charges | 65/66B | €4,381 | €2,245 | -€2,136 | -48.8% |
| Recurring financial charges | 65 | €4,381 | €2,245 | -€2,136 | -48.8% |
| Profit (loss) for the period before taxes | 9903 | €113,203 | €81,466 | -€31,736 | -28.0% |
| Transfer from deferred taxes | 780 | €9,286 | €6,090 | -€3,196 | -34.4% |
| Income taxes | 67/77 | €39,696 | €26,322 | -€13,374 | -33.7% |
| Profit (loss) for the period | 9904 | €82,793 | €61,234 | -€21,558 | -26.0% |
| Transfer from tax-exempt reserves | 789 | €18,034 | €11,828 | -€6,207 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €100,827 | €73,062 | -€27,765 | -27.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.