PROTECTOR ONE: 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.
PROTECTOR ONE
Largest movements
- Receivables within one year -€3,047
down €3,047 (-61.3%), from €4,970 to €1,923
of which Trade receivables: -€4,970
- Profit (loss) carried forward +€40,049
up €40,049 (+54.7%), from -€73,185 to -€33,136
- Tax, wage and social debts -€26,718
down €26,718 (-98.7%), from €27,057 to €338
of which Taxes: -€26,882
- Other debts -€20,328
down €20,328 (-71.5%), from €28,427 to €8,099
- Trade debts -€17,085
down €17,085 (-60.5%), from €28,235 to €11,150
- Debts after one year +€13,437
new in 2024: €13,437
- Staff costs -€80,837
down €80,837 (-58.3%), from €138,667 to €57,830
- Gross operating margin +€6,181
up €6,181 (+6.2%), from €100,089 to €106,271
- Financial charges +€4,266
up €4,266 (+331%), from €1,288 to €5,554
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,402 | €18,297 | -€3,105 | -14.5% |
| Fixed assets | 21/28 | €3,602 | €3,397 | -€204 | -5.7% |
| Tangible fixed assets | 22/27 | €1,458 | €1,253 | -€204 | -14.0% |
| Furniture and vehicles | 24 | €1,458 | €1,253 | -€204 | -14.0% |
| Financial fixed assets | 28 | €2,144 | €2,144 | = | 0.0% |
| Current assets | 29/58 | €17,801 | €14,900 | -€2,901 | -16.3% |
| Amounts receivable within one year | 40/41 | €4,970 | €1,923 | -€3,047 | -61.3% |
| Trade receivables | 40 | €4,970 | - | -€4,970 | |
| Other amounts receivable | 41 | - | €1,923 | +€1,923 | |
| Cash at bank and in hand | 54/58 | €12,831 | €12,977 | +€146 | +1.1% |
| Total equity and liabilities | 10/49 | €21,402 | €18,297 | -€3,105 | -14.5% |
| Equity | 10/15 | -€73,085 | -€33,036 | +€40,049 | +54.8% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,185 | -€33,136 | +€40,049 | +54.7% |
| Amounts payable | 17/49 | €94,487 | €51,333 | -€43,154 | -45.7% |
| Amounts payable after more than one year | 17 | - | €13,437 | +€13,437 | |
| Financial debts | 170/4 | - | €13,437 | +€13,437 | |
| Amounts payable within one year | 42/48 | €94,487 | €37,896 | -€56,591 | -59.9% |
| Current portion of amounts payable after more than one year | 42 | €5,016 | €10,239 | +€5,224 | +104% |
| Financial debts | 43 | €5,752 | €8,070 | +€2,318 | +40.3% |
| Credit institutions | 430/8 | €5,752 | €8,070 | +€2,318 | +40.3% |
| Trade debts | 44 | €28,235 | €11,150 | -€17,085 | -60.5% |
| Suppliers | 440/4 | €28,235 | €11,150 | -€17,085 | -60.5% |
| Taxes, remuneration and social security | 45 | €27,057 | €338 | -€26,718 | -98.7% |
| Taxes | 450/3 | €27,057 | €174 | -€26,882 | -99.4% |
| Remuneration and social security | 454/9 | - | €164 | +€164 | |
| Other amounts payable | 47/48 | €28,427 | €8,099 | -€20,328 | -71.5% |
| Remuneration, social security and pensions | 62 | €138,667 | €57,830 | -€80,837 | -58.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €204 | €204 | = | 0.0% |
| Other operating charges | 640/8 | €2,005 | €1,739 | -€267 | -13.3% |
| Non-recurring operating charges | 66A | - | €844 | +€844 | |
| Gross operating margin | 9900 | €100,089 | €106,271 | +€6,181 | +6.2% |
| Operating profit (loss) | 9901 | -€40,787 | €45,654 | +€86,442 | |
| Financial income | 75/76B | €60 | €123 | +€63 | +104% |
| Recurring financial income | 75 | €60 | €123 | +€63 | +104% |
| Financial charges | 65/66B | €1,288 | €5,554 | +€4,266 | +331% |
| Recurring financial charges | 65 | €1,288 | €5,554 | +€4,266 | +331% |
| Profit (loss) for the period before taxes | 9903 | -€42,015 | €40,223 | +€82,238 | |
| Income taxes | 67/77 | - | €174 | +€174 | |
| Profit (loss) for the period | 9904 | -€42,015 | €40,049 | +€82,064 | |
| Profit (loss) for the period to be appropriated | 9905 | -€42,015 | €40,049 | +€82,064 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.