PROTEL: what changed
What changed
PROTEL
NACE 46.620, Wholesale of machine tools
filed annual accounts (NBB)
Net result for the year
-€19,850
2024 · -€17,360-€2,490
Equity
€343,264
2024 · €363,114-€19,850
Cash
€89,604
2024 · €105,434-€15,830
Balance sheet total
€572,612
2024 · €602,224-€29,612
Largest movements
Assets
- Tangible fixed assets -€20,862
down €20,862 (-4.4%), from €474,085 to €453,223
of which Land and buildings: -€19,576
- Cash -€15,830
down €15,830 (-15.0%), from €105,434 to €89,604
mainly Net result for the year (-€19,850) and Debts after one year (-€17,175)
Equity and liabilities
- Debts after one year -€17,175
down €17,175 (-17.0%), from €100,916 to €83,741
- Profit (loss) carried forward -€10,718
down €10,718 (-8.5%), from €126,627 to €115,909
- Other debts +€10,575
up €10,575 (+165%), from €6,420 to €16,995
- Reserves -€9,132
down €9,132 (-4.2%), from €217,895 to €208,763
of which Tax-exempt reserves: -€9,132
Income statement
- Gross operating margin -€1,854
down €1,854 (-15.0%), from €12,397 to €10,543
- Other operating charges +€1,095
up €1,095 (+26.2%), from €4,187 to €5,283
- Depreciation -€369
down €369 (-1.3%), from €27,371 to €27,002
- Financial charges -€342
down €342 (-10.2%), from €3,355 to €3,013
- Financial income -€241
down €241 (-41.1%), from €586 to €345
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.
Result 2024
-€17,360
Gross operating margin
-€1,854
Depreciation
+€369
Other operating charges
-€1,095
Financial income
-€241
Financial charges
+€342
Taxes
-€10
Result 2025
-€19,850
raises the resultlowers the result
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.
From operations
+€9,394
Investment
-€6,140
Financing
-€19,084
Cash 2024
€105,434
From operations (derived)
+€9,394
Net result for the year
-€19,850
Depreciation
+€27,002
Stocks and contracts
-€2,503
Receivables within one year
-€4,577
Provisions
-€4,702
Trade debts
+€1,562
Tax, wage and social debts
+€1,521
Advances received
+€367
Other debts
+€10,575
Investment (derived)
-€6,140
Investment in fixed assets (net)
-€6,140
Financing
-€19,084
Debts after one year
-€17,175
Current portion of long-term debt
-€1,909
Cash 2025
€89,604
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €602,224 | €572,612 | -€29,612 | -4.9% |
| Fixed assets | 21/28 | €474,920 | €454,058 | -€20,862 | -4.4% |
| Tangible fixed assets | 22/27 | €474,085 | €453,223 | -€20,862 | -4.4% |
| Land and buildings | 22 | €448,160 | €428,585 | -€19,576 | -4.4% |
| Plant, machinery and equipment | 23 | €16,210 | €19,104 | +€2,895 | +17.9% |
| Furniture and vehicles | 24 | €9,716 | €5,534 | -€4,181 | -43.0% |
| Financial fixed assets | 28 | €835 | €835 | = | 0.0% |
| Current assets | 29/58 | €127,304 | €118,554 | -€8,750 | -6.9% |
| Stocks and contracts in progress | 3 | €15,036 | €17,539 | +€2,503 | +16.6% |
| Stocks | 30/36 | €15,036 | €17,539 | +€2,503 | +16.6% |
| Amounts receivable within one year | 40/41 | €6,835 | €11,412 | +€4,577 | +67.0% |
| Trade receivables | 40 | €18 | €687 | +€670 | +3,812% |
| Other amounts receivable | 41 | €6,817 | €10,724 | +€3,907 | +57.3% |
| Cash at bank and in hand | 54/58 | €105,434 | €89,604 | -€15,830 | -15.0% |
| Total equity and liabilities | 10/49 | €602,224 | €572,612 | -€29,612 | -4.9% |
| Equity | 10/15 | €363,114 | €343,264 | -€19,850 | -5.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €217,895 | €208,763 | -€9,132 | -4.2% |
| Non-distributable reserves | 130/1 | - | €1,859 | +€1,859 | |
| Reserves not available under the articles | 1311 | - | €1,859 | +€1,859 | |
| Tax-exempt reserves | 132 | €216,036 | €206,903 | -€9,132 | -4.2% |
| Distributable reserves | 133 | €1,859 | - | -€1,859 | |
| Profit (loss) carried forward | 14 | €126,627 | €115,909 | -€10,718 | -8.5% |
| Provisions and deferred taxes | 16 | €101,587 | €96,884 | -€4,702 | -4.6% |
| Deferred taxes | 168 | €101,587 | €96,884 | -€4,702 | -4.6% |
| Amounts payable | 17/49 | €137,524 | €132,465 | -€5,059 | -3.7% |
| Amounts payable after more than one year | 17 | €100,916 | €83,741 | -€17,175 | -17.0% |
| Financial debts | 170/4 | €100,916 | €83,741 | -€17,175 | -17.0% |
| Amounts payable within one year | 42/48 | €36,608 | €48,724 | +€12,116 | +33.1% |
| Current portion of amounts payable after more than one year | 42 | €19,084 | €17,175 | -€1,909 | -10.0% |
| Trade debts | 44 | €8,329 | €9,892 | +€1,562 | +18.8% |
| Suppliers | 440/4 | €8,329 | €9,892 | +€1,562 | +18.8% |
| Advances received on contracts in progress | 46 | €1,500 | €1,867 | +€367 | +24.5% |
| Taxes, remuneration and social security | 45 | €1,275 | €2,796 | +€1,521 | +119% |
| Taxes | 450/3 | €1,275 | €2,796 | +€1,521 | +119% |
| Other amounts payable | 47/48 | €6,420 | €16,995 | +€10,575 | +165% |
| Non-recurring operating income | 76A | €2,294 | €5,632 | +€3,338 | +146% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,371 | €27,002 | -€369 | -1.3% |
| Other operating charges | 640/8 | €4,187 | €5,283 | +€1,095 | +26.2% |
| Gross operating margin | 9900 | €12,397 | €10,543 | -€1,854 | -15.0% |
| Operating profit (loss) | 9901 | -€19,161 | -€21,742 | -€2,581 | -13.5% |
| Financial income | 75/76B | €586 | €345 | -€241 | -41.1% |
| Recurring financial income | 75 | €586 | €345 | -€241 | -41.1% |
| Financial charges | 65/66B | €3,355 | €3,013 | -€342 | -10.2% |
| Recurring financial charges | 65 | €3,355 | €3,013 | -€342 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | -€21,930 | -€24,410 | -€2,480 | -11.3% |
| Transfer from deferred taxes | 780 | €4,702 | €4,702 | = | 0.0% |
| Income taxes | 67/77 | €133 | €143 | +€10 | +7.7% |
| Profit (loss) for the period | 9904 | -€17,360 | -€19,850 | -€2,490 | -14.3% |
| Transfer from tax-exempt reserves | 789 | €9,132 | €9,132 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,227 | -€10,718 | -€2,490 | -30.3% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 4 November 2026 via checked.be.