PROTEETH: what changed
PROTEETH
Largest movements
- Current investments +€474,000
up €474,000 (+1,317%), from €36,000 to €510,000
- Cash -€66,369
down €66,369 (-12.7%), from €523,123 to €456,754
mainly Current investments (-€474,000) and Contributions, distributions and other (-€370,340)
- Deferred charges and accrued income -€60,741
down €60,741 (-50.4%), from €120,548 to €59,807
- Financial fixed assets +€36,022
new in 2025: €36,022
- Other debts +€364,729
up €364,729 (+13,214%), from €2,760 to €367,489
- Tax, wage and social debts +€17,148
up €17,148 (+17.5%), from €97,881 to €115,029
- Gross operating margin +€123,920
up €123,920 (+32.7%), from €378,824 to €502,744
- Taxes +€30,969
up €30,969 (+34.6%), from €89,530 to €120,499
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €714,588 | €1,095,176 | +€380,588 | +53.3% |
| Fixed assets | 21/28 | €34,916 | €68,615 | +€33,699 | +96.5% |
| Tangible fixed assets | 22/27 | €34,916 | €32,593 | -€2,323 | -6.7% |
| Plant, machinery and equipment | 23 | €2,761 | €2,436 | -€325 | -11.8% |
| Furniture and vehicles | 24 | €32,155 | €30,157 | -€1,998 | -6.2% |
| Financial fixed assets | 28 | - | €36,022 | +€36,022 | |
| Current assets | 29/58 | €679,672 | €1,026,561 | +€346,889 | +51.0% |
| Current investments | 50/53 | €36,000 | €510,000 | +€474,000 | +1,317% |
| Cash at bank and in hand | 54/58 | €523,123 | €456,754 | -€66,369 | -12.7% |
| Deferred charges and accrued income | 490/1 | €120,548 | €59,807 | -€60,741 | -50.4% |
| Total equity and liabilities | 10/49 | €714,588 | €1,095,176 | +€380,588 | +53.3% |
| Equity | 10/15 | €612,652 | €612,657 | +€5 | 0.0% |
| Contributions | 10/11 | €3,400 | €3,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €609,252 | €609,257 | +€5 | 0.0% |
| Amounts payable | 17/49 | €101,936 | €482,519 | +€380,583 | +373% |
| Amounts payable within one year | 42/48 | €101,936 | €482,519 | +€380,583 | +373% |
| Trade debts | 44 | €1,294 | - | -€1,294 | |
| Suppliers | 440/4 | €1,294 | - | -€1,294 | |
| Taxes, remuneration and social security | 45 | €97,881 | €115,029 | +€17,148 | +17.5% |
| Taxes | 450/3 | €97,881 | €115,029 | +€17,148 | +17.5% |
| Other amounts payable | 47/48 | €2,760 | €367,489 | +€364,729 | +13,214% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,029 | €14,785 | -€244 | -1.6% |
| Other operating charges | 640/8 | €1,730 | €1,790 | +€60 | +3.5% |
| Gross operating margin | 9900 | €378,824 | €502,744 | +€123,920 | +32.7% |
| Operating profit (loss) | 9901 | €362,065 | €486,169 | +€124,104 | +34.3% |
| Financial income | 75/76B | €5,527 | €4,801 | -€726 | -13.1% |
| Recurring financial income | 75 | €5,527 | €4,801 | -€726 | -13.1% |
| Financial charges | 65/66B | €254 | €125 | -€129 | -50.8% |
| Recurring financial charges | 65 | €254 | €125 | -€129 | -50.8% |
| Profit (loss) for the period before taxes | 9903 | €367,338 | €490,845 | +€123,506 | +33.6% |
| Income taxes | 67/77 | €89,530 | €120,499 | +€30,969 | +34.6% |
| Profit (loss) for the period | 9904 | €277,808 | €370,345 | +€92,537 | +33.3% |
| Profit (loss) for the period to be appropriated | 9905 | €277,808 | €370,345 | +€92,537 | +33.3% |
Next steps
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.