PROTECTOR SECURITY: what changed
Two fiscal 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 SECURITY
Largest movements
- Receivables within one year +€7,710
up €7,710 (+425.4%), from €1,812 to €9,522
of which Trade receivables: +€7,711
- Cash -€779
down €779 (-11.7%), from €6,654 to €5,875
mainly Contributions, distributions and other (-€14,000) and Receivables within one year (-€7,710)
- Other debts +€14,004
up €14,004 (+137.0%), from €10,220 to €24,224
- Profit (loss) carried forward -€7,665
down €7,665 (-93.5%), from €8,198 to €533
- Trade debts +€424
up €424 (+144.2%), from €294 to €718
- Gross operating margin -€17,925
down €17,925 (-38.5%), from €46,527 to €28,603
- Staff costs -€7,658
down €7,658 (-28.9%), from €26,534 to €18,876
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 | €34,267 | €41,196 | +€6,930 | +20.2% |
| Fixed assets | 21/28 | €339 | €239 | -€100 | -29.6% |
| Tangible fixed assets | 22/27 | €339 | €239 | -€100 | -29.6% |
| Plant, machinery and equipment | 23 | €339 | €239 | -€100 | -29.6% |
| Current assets | 29/58 | €33,927 | €40,957 | +€7,030 | +20.7% |
| Amounts receivable within one year | 40/41 | €1,812 | €9,522 | +€7,710 | +425.4% |
| Trade receivables | 40 | €1,811 | €9,522 | +€7,711 | +425.8% |
| Other amounts receivable | 41 | €1 | €0 | -€1 | -100.0% |
| Current investments | 50/53 | €25,000 | €25,025 | +€25 | +0.1% |
| Cash at bank and in hand | 54/58 | €6,654 | €5,875 | -€779 | -11.7% |
| Deferred charges and accrued income | 490/1 | €461 | €536 | +€75 | +16.3% |
| Total equity and liabilities | 10/49 | €34,267 | €41,196 | +€6,930 | +20.2% |
| Equity | 10/15 | €18,198 | €10,533 | -€7,665 | -42.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,198 | €533 | -€7,665 | -93.5% |
| Amounts payable | 17/49 | €16,068 | €30,664 | +€14,595 | +90.8% |
| Amounts payable within one year | 42/48 | €16,068 | €30,664 | +€14,595 | +90.8% |
| Trade debts | 44 | €294 | €718 | +€424 | +144.2% |
| Suppliers | 440/4 | €294 | €718 | +€424 | +144.2% |
| Taxes, remuneration and social security | 45 | €5,554 | €5,722 | +€168 | +3.0% |
| Taxes | 450/3 | €1,945 | €3,122 | +€1,177 | +60.5% |
| Remuneration and social security | 454/9 | €3,609 | €2,600 | -€1,009 | -28.0% |
| Other amounts payable | 47/48 | €10,220 | €24,224 | +€14,004 | +137.0% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €26,534 | €18,876 | -€7,658 | -28.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100 | €100 | +€0 | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €46,527 | €28,603 | -€17,925 | -38.5% |
| Operating profit (loss) | 9901 | €19,506 | €9,226 | -€10,279 | -52.7% |
| Financial income | 75/76B | €1 | €107 | +€106 | +10814.3% |
| Recurring financial income | 75 | €1 | €107 | +€106 | +10814.3% |
| Financial charges | 65/66B | €406 | €786 | +€380 | +93.6% |
| Recurring financial charges | 65 | €406 | €786 | +€380 | +93.6% |
| Profit (loss) for the period before taxes | 9903 | €19,101 | €8,548 | -€10,553 | -55.2% |
| Income taxes | 67/77 | €2,040 | €2,213 | +€174 | +8.5% |
| Profit (loss) for the period | 9904 | €17,062 | €6,335 | -€10,727 | -62.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,062 | €6,335 | -€10,727 | -62.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.