Protection UNIT LOGISTICS: 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.
Protection UNIT LOGISTICS
Largest movements
- Receivables within one year +€265,335
up €265,335 (+279%), from €94,978 to €360,313
of which Trade receivables: +€296,203
- Stocks and contracts -€163,868
down €163,868 (-9.2%), from €1.8m to €1.6m
- Tangible fixed assets +€163,029
up €163,029 (+209%), from €77,984 to €241,013
of which Other tangible fixed assets: +€163,298
- Trade debts +€337,577
up €337,577 (+266%), from €127,031 to €464,608
- Other debts -€223,924
down €223,924 (-21.1%), from €1.1m to €836,172
- Tax, wage and social debts +€102,619
up €102,619 (+522%), from €19,661 to €122,280
of which Taxes: +€96,566
- Profit (loss) carried forward +€82,702
up €82,702 (+7.6%), from -€1.1m to -€1.0m
- Gross operating margin +€627,839
up €627,839, from -€152,923 to €474,916
- Turnover +€287,058
up €287,058 (+30.6%), from €938,988 to €1.2m
- Depreciation +€89,198
up €89,198 (+386%), from €23,126 to €112,324
- Staff costs +€87,534
up €87,534 (+52.4%), from €166,911 to €254,445
- Purchases and services +€81,836
up €81,836 (+7.4%), from €1.1m to €1.2m
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.
Derived cash bridge
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 | €1,994,787 | €2,284,915 | +€290,128 | +14.5% |
| Fixed assets | 21/28 | €89,345 | €256,374 | +€167,029 | +187% |
| Tangible fixed assets | 22/27 | €77,984 | €241,013 | +€163,029 | +209% |
| Furniture and vehicles | 24 | €77,984 | €77,715 | -€269 | -0.3% |
| Other tangible fixed assets | 26 | - | €163,298 | +€163,298 | |
| Financial fixed assets | 28 | €11,361 | €15,361 | +€4,000 | +35.2% |
| Current assets | 29/58 | €1,905,442 | €2,028,541 | +€123,099 | +6.5% |
| Stocks and contracts in progress | 3 | €1,781,315 | €1,617,447 | -€163,868 | -9.2% |
| Stocks | 30/36 | €1,781,315 | €1,617,447 | -€163,868 | -9.2% |
| Amounts receivable within one year | 40/41 | €94,978 | €360,313 | +€265,335 | +279% |
| Trade receivables | 40 | €49,708 | €345,911 | +€296,203 | +596% |
| Other amounts receivable | 41 | €45,270 | €14,402 | -€30,868 | -68.2% |
| Cash at bank and in hand | 54/58 | €28,752 | €34,388 | +€5,636 | +19.6% |
| Deferred charges and accrued income | 490/1 | €397 | €16,393 | +€15,996 | +4,029% |
| Total equity and liabilities | 10/49 | €1,994,787 | €2,284,915 | +€290,128 | +14.5% |
| Equity | 10/15 | -€1,088,165 | -€1,005,463 | +€82,702 | +7.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €950 | €950 | = | 0.0% |
| Non-distributable reserves | 130/1 | €950 | €950 | = | 0.0% |
| Reserves not available under the articles | 1311 | €950 | €950 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,095,315 | -€1,012,613 | +€82,702 | +7.6% |
| Amounts payable | 17/49 | €3,082,952 | €3,290,378 | +€207,426 | +6.7% |
| Amounts payable after more than one year | 17 | €1,867,318 | €1,867,318 | = | 0.0% |
| Financial debts | 170/4 | €1,867,318 | €1,867,318 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,215,634 | €1,423,060 | +€207,426 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €8,846 | - | -€8,846 | |
| Trade debts | 44 | €127,031 | €464,608 | +€337,577 | +266% |
| Suppliers | 440/4 | €127,031 | €464,608 | +€337,577 | +266% |
| Taxes, remuneration and social security | 45 | €19,661 | €122,280 | +€102,619 | +522% |
| Taxes | 450/3 | - | €96,566 | +€96,566 | |
| Remuneration and social security | 454/9 | €19,661 | €25,714 | +€6,053 | +30.8% |
| Other amounts payable | 47/48 | €1,060,096 | €836,172 | -€223,924 | -21.1% |
| Turnover | 70 | €938,988 | €1,226,046 | +€287,058 | +30.6% |
| Non-recurring operating income | 76A | - | €100,052 | +€100,052 | |
| Goods, raw materials, services and sundry goods | 60/61 | €1,108,826 | €1,190,662 | +€81,836 | +7.4% |
| Remuneration, social security and pensions | 62 | €166,911 | €254,445 | +€87,534 | +52.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,126 | €112,324 | +€89,198 | +386% |
| Other operating charges | 640/8 | €16,461 | €4,572 | -€11,889 | -72.2% |
| Non-recurring operating charges | 66A | €723 | €16,567 | +€15,844 | +2,191% |
| Gross operating margin | 9900 | -€152,923 | €474,916 | +€627,839 | |
| Operating profit (loss) | 9901 | -€360,144 | €87,008 | +€447,152 | |
| Financial income | 75/76B | €1,197 | €379 | -€818 | -68.3% |
| Recurring financial income | 75 | €1,197 | €379 | -€818 | -68.3% |
| Financial charges | 65/66B | €6,250 | €3,813 | -€2,437 | -39.0% |
| Recurring financial charges | 65 | €6,250 | €3,813 | -€2,437 | -39.0% |
| Profit (loss) for the period before taxes | 9903 | -€365,197 | €83,574 | +€448,771 | |
| Income taxes | 67/77 | €104 | €872 | +€768 | +738% |
| Profit (loss) for the period | 9904 | -€365,301 | €82,702 | +€448,003 | |
| Profit (loss) for the period to be appropriated | 9905 | -€365,301 | €82,702 | +€448,003 |
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 17 October 2026 via checked.be.