Proteho: 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.
Proteho
Largest movements
- Cash +€10,473
up €10,473 (+53.5%), from €19,573 to €30,047
mainly Net result for the year (+€13,176) and Depreciation (+€3,025)
- Receivables within one year +€1,585
up €1,585 (+8.4%), from €18,802 to €20,387
of which Trade receivables: +€2,095
- Reserves +€40,000
new in 2025: €40,000
- Profit (loss) carried forward -€26,824
down €26,824 (-88.3%), from €30,364 to €3,540
- Other debts -€1,449
down €1,449 (-25.2%), from €5,751 to €4,303
- Gross operating margin -€8,883
down €8,883 (-28.2%), from €31,450 to €22,567
- Taxes -€1,550
down €1,550 (-22.4%), from €6,934 to €5,384
- Depreciation +€814
up €814 (+36.8%), from €2,211 to €3,025
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 | €49,191 | €61,462 | +€12,271 | +24.9% |
| Fixed assets | 21/28 | €8,683 | €8,303 | -€380 | -4.4% |
| Tangible fixed assets | 22/27 | €8,683 | €8,303 | -€380 | -4.4% |
| Land and buildings | 22 | €456 | €524 | +€68 | +15.0% |
| Plant, machinery and equipment | 23 | €6,866 | €6,680 | -€187 | -2.7% |
| Furniture and vehicles | 24 | €1,361 | €1,099 | -€262 | -19.2% |
| Current assets | 29/58 | €40,508 | €53,159 | +€12,651 | +31.2% |
| Amounts receivable within one year | 40/41 | €18,802 | €20,387 | +€1,585 | +8.4% |
| Trade receivables | 40 | €13,673 | €15,768 | +€2,095 | +15.3% |
| Other amounts receivable | 41 | €5,129 | €4,620 | -€509 | -9.9% |
| Cash at bank and in hand | 54/58 | €19,573 | €30,047 | +€10,473 | +53.5% |
| Deferred charges and accrued income | 490/1 | €2,133 | €2,725 | +€593 | +27.8% |
| Total equity and liabilities | 10/49 | €49,191 | €61,462 | +€12,271 | +24.9% |
| Equity | 10/15 | €33,364 | €46,540 | +€13,176 | +39.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €40,000 | +€40,000 | |
| Distributable reserves | 133 | - | €40,000 | +€40,000 | |
| Profit (loss) carried forward | 14 | €30,364 | €3,540 | -€26,824 | -88.3% |
| Amounts payable | 17/49 | €15,827 | €14,922 | -€905 | -5.7% |
| Amounts payable within one year | 42/48 | €15,827 | €14,922 | -€905 | -5.7% |
| Current portion of amounts payable after more than one year | 42 | - | €408 | +€408 | |
| Trade debts | 44 | €398 | €184 | -€214 | -53.7% |
| Suppliers | 440/4 | €398 | €184 | -€214 | -53.7% |
| Taxes, remuneration and social security | 45 | €9,678 | €10,027 | +€349 | +3.6% |
| Taxes | 450/3 | €6,928 | €7,277 | +€349 | +5.0% |
| Remuneration and social security | 454/9 | €2,750 | €2,750 | = | 0.0% |
| Other amounts payable | 47/48 | €5,751 | €4,303 | -€1,449 | -25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,211 | €3,025 | +€814 | +36.8% |
| Other operating charges | 640/8 | €735 | €928 | +€193 | +26.3% |
| Gross operating margin | 9900 | €31,450 | €22,567 | -€8,883 | -28.2% |
| Operating profit (loss) | 9901 | €28,504 | €18,614 | -€9,890 | -34.7% |
| Financial income | 75/76B | €37 | €1 | -€37 | -98.5% |
| Recurring financial income | 75 | €37 | €1 | -€37 | -98.5% |
| Financial charges | 65/66B | €22 | €55 | +€33 | +152.2% |
| Recurring financial charges | 65 | €22 | €55 | +€33 | +152.2% |
| Profit (loss) for the period before taxes | 9903 | €28,520 | €18,560 | -€9,960 | -34.9% |
| Income taxes | 67/77 | €6,934 | €5,384 | -€1,550 | -22.4% |
| Profit (loss) for the period | 9904 | €21,586 | €13,176 | -€8,410 | -39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,586 | €13,176 | -€8,410 | -39.0% |
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 29 September 2026 via checked.be.