PROTECTSYS: 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.
PROTECTSYS
Largest movements
- Receivables within one year +€22,109
up €22,109 (+21.0%), from €105,210 to €127,319
of which Other amounts receivable: +€37,531
- Tangible fixed assets +€13,853
up €13,853 (+82.9%), from €16,714 to €30,567
of which Furniture and vehicles: +€15,780
- Cash +€6,505
up €6,505 (+46.7%), from €13,944 to €20,449
mainly Net result for the year (+€25,818) and Trade debts (+€17,375)
- Profit (loss) carried forward +€25,818
up €25,818 (+25.6%), from €100,761 to €126,579
- Trade debts +€17,375
up €17,375 (+1,553%), from €1,119 to €18,493
- Depreciation +€5,453
up €5,453 (+194%), from €2,806 to €8,260
- Other operating charges +€4,358
up €4,358 (+24,607%), from €18 to €4,376
- Gross operating margin +€3,335
up €3,335 (+7.3%), from €45,919 to €49,254
- Taxes -€830
down €830 (-7.3%), from €11,447 to €10,616
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 | €135,867 | €178,335 | +€42,468 | +31.3% |
| Fixed assets | 21/28 | €16,714 | €30,567 | +€13,853 | +82.9% |
| Tangible fixed assets | 22/27 | €16,714 | €30,567 | +€13,853 | +82.9% |
| Plant, machinery and equipment | 23 | €3,757 | €2,447 | -€1,310 | -34.9% |
| Furniture and vehicles | 24 | €11,341 | €27,121 | +€15,780 | +139% |
| Other tangible fixed assets | 26 | €1,616 | €999 | -€617 | -38.2% |
| Current assets | 29/58 | €119,154 | €147,768 | +€28,614 | +24.0% |
| Amounts receivable within one year | 40/41 | €105,210 | €127,319 | +€22,109 | +21.0% |
| Trade receivables | 40 | €33,743 | €18,322 | -€15,422 | -45.7% |
| Other amounts receivable | 41 | €71,467 | €108,998 | +€37,531 | +52.5% |
| Cash at bank and in hand | 54/58 | €13,944 | €20,449 | +€6,505 | +46.7% |
| Total equity and liabilities | 10/49 | €135,867 | €178,335 | +€42,468 | +31.3% |
| Equity | 10/15 | €106,961 | €132,779 | +€25,818 | +24.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,761 | €126,579 | +€25,818 | +25.6% |
| Amounts payable | 17/49 | €28,907 | €45,556 | +€16,650 | +57.6% |
| Amounts payable within one year | 42/48 | €28,907 | €45,556 | +€16,650 | +57.6% |
| Trade debts | 44 | €1,119 | €18,493 | +€17,375 | +1,553% |
| Suppliers | 440/4 | €1,119 | €18,493 | +€17,375 | +1,553% |
| Advances received on contracts in progress | 46 | €5,000 | €5,000 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €22,788 | €22,063 | -€725 | -3.2% |
| Taxes | 450/3 | €22,788 | €22,063 | -€725 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,806 | €8,260 | +€5,453 | +194% |
| Other operating charges | 640/8 | €18 | €4,376 | +€4,358 | +24,607% |
| Gross operating margin | 9900 | €45,919 | €49,254 | +€3,335 | +7.3% |
| Operating profit (loss) | 9901 | €43,095 | €36,618 | -€6,477 | -15.0% |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.6% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.6% |
| Financial charges | 65/66B | €234 | €184 | -€50 | -21.3% |
| Recurring financial charges | 65 | €234 | €184 | -€50 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €42,864 | €36,434 | -€6,430 | -15.0% |
| Income taxes | 67/77 | €11,447 | €10,616 | -€830 | -7.3% |
| Profit (loss) for the period | 9904 | €31,417 | €25,818 | -€5,599 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €31,417 | €25,818 | -€5,599 | -17.8% |
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 19 October 2026 via checked.be.