PROTENOR: 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.
PROTENOR
Largest movements
- Receivables after one year -€180,000
no longer reported in 2025 (was €180,000)
- Cash +€152,359
up €152,359 (+18378.6%), from €829 to €153,188
mainly Receivables after one year (+€180,000) and Other debts (+€17,494)
- Tangible fixed assets -€1,989
down €1,989 (-43.8%), from €4,539 to €2,550
- Profit (loss) carried forward -€45,347
down €45,347 (-86.5%), from €52,424 to €7,077
- Other debts +€17,494
up €17,494 (+63.6%), from €27,506 to €45,000
- Gross operating margin +€2,372
up €2,372 (+42.1%), from -€5,636 to -€3,264
- Financial income +€639
up €639 (+11.8%), from €5,400 to €6,039
- Depreciation +€77
up €77 (+3.0%), from €2,600 to €2,677
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 | €185,588 | €155,944 | -€29,644 | -16.0% |
| Fixed assets | 21/28 | €4,539 | €2,550 | -€1,989 | -43.8% |
| Tangible fixed assets | 22/27 | €4,539 | €2,550 | -€1,989 | -43.8% |
| Furniture and vehicles | 24 | €4,539 | €2,550 | -€1,989 | -43.8% |
| Current assets | 29/58 | €181,049 | €153,394 | -€27,655 | -15.3% |
| Amounts receivable after more than one year | 29 | €180,000 | - | -€180,000 | |
| Other amounts receivable | 291 | €180,000 | - | -€180,000 | |
| Amounts receivable within one year | 40/41 | €220 | €204 | -€16 | -7.3% |
| Other amounts receivable | 41 | €220 | €204 | -€16 | -7.3% |
| Cash at bank and in hand | 54/58 | €829 | €153,188 | +€152,359 | +18378.6% |
| Deferred charges and accrued income | 490/1 | - | €2 | +€2 | |
| Total equity and liabilities | 10/49 | €185,588 | €155,944 | -€29,644 | -16.0% |
| Equity | 10/15 | €155,824 | €110,477 | -€45,347 | -29.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €3,400 | €3,400 | = | 0.0% |
| Distributable reserves | 133 | €3,400 | €3,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €52,424 | €7,077 | -€45,347 | -86.5% |
| Amounts payable | 17/49 | €29,764 | €45,467 | +€15,703 | +52.8% |
| Amounts payable within one year | 42/48 | €29,311 | €45,000 | +€15,689 | +53.5% |
| Trade debts | 44 | €1,805 | - | -€1,805 | |
| Suppliers | 440/4 | €1,805 | - | -€1,805 | |
| Other amounts payable | 47/48 | €27,506 | €45,000 | +€17,494 | +63.6% |
| Accrued charges and deferred income | 492/3 | €453 | €467 | +€14 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,600 | €2,677 | +€77 | +3.0% |
| Other operating charges | 640/8 | €438 | €400 | -€38 | -8.7% |
| Gross operating margin | 9900 | -€5,636 | -€3,264 | +€2,372 | +42.1% |
| Operating profit (loss) | 9901 | -€8,674 | -€6,341 | +€2,333 | +26.9% |
| Financial income | 75/76B | €5,400 | €6,039 | +€639 | +11.8% |
| Recurring financial income | 75 | €5,400 | €6,039 | +€639 | +11.8% |
| Financial charges | 65/66B | €46 | €42 | -€4 | -8.7% |
| Recurring financial charges | 65 | €46 | €42 | -€4 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | -€3,320 | -€344 | +€2,976 | +89.6% |
| Income taxes | 67/77 | - | €3 | +€3 | |
| Profit (loss) for the period | 9904 | -€3,320 | -€347 | +€2,973 | +89.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,320 | -€347 | +€2,973 | +89.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.