PROTEO: 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.
PROTEO
Largest movements
- Current investments +€175,000
up €175,000 (+41.2%), from €425,000 to €600,000
- Receivables within one year +€62,157
up €62,157 (+16.3%), from €380,546 to €442,703
of which Other amounts receivable: +€194,344
- Cash -€58,916
down €58,916 (-72.5%), from €81,223 to €22,308
mainly Current investments (-€175,000) and Other debts (-€170,507)
- Receivables after one year -€35,000
down €35,000 (-33.3%), from €105,000 to €70,000
- Reserves +€340,343
up €340,343 (+67.9%), from €501,111 to €841,453
- Other debts -€170,507
down €170,507 (-98.4%), from €173,256 to €2,749
- Tax, wage and social debts -€44,830
down €44,830 (-33.6%), from €133,237 to €88,407
of which Taxes: -€47,510
- Current portion of long-term debt +€25,304
up €25,304 (+85.9%), from €29,449 to €54,754
- Trade debts -€17,763
down €17,763 (-10.8%), from €165,031 to €147,268
- Gross operating margin +€155,901
up €155,901 (+40.1%), from €388,584 to €544,485
- Taxes +€77,185
up €77,185 (+96.3%), from €80,121 to €157,306
- Financial income +€16,349
up €16,349 (+160.2%), from €10,208 to €26,557
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.
Cash bridge derived
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 | €1,008,285 | €1,140,831 | +€132,547 | +13.1% |
| Fixed assets | 21/28 | €14,399 | €4,352 | -€10,048 | -69.8% |
| Tangible fixed assets | 22/27 | €14,399 | €4,352 | -€10,048 | -69.8% |
| Furniture and vehicles | 24 | €14,399 | €4,352 | -€10,048 | -69.8% |
| Current assets | 29/58 | €993,885 | €1,136,480 | +€142,595 | +14.3% |
| Amounts receivable after more than one year | 29 | €105,000 | €70,000 | -€35,000 | -33.3% |
| Other amounts receivable | 291 | €105,000 | €70,000 | -€35,000 | -33.3% |
| Amounts receivable within one year | 40/41 | €380,546 | €442,703 | +€62,157 | +16.3% |
| Trade receivables | 40 | €170,453 | €38,267 | -€132,187 | -77.6% |
| Other amounts receivable | 41 | €210,093 | €404,436 | +€194,344 | +92.5% |
| Current investments | 50/53 | €425,000 | €600,000 | +€175,000 | +41.2% |
| Cash at bank and in hand | 54/58 | €81,223 | €22,308 | -€58,916 | -72.5% |
| Deferred charges and accrued income | 490/1 | €2,116 | €1,469 | -€647 | -30.6% |
| Total equity and liabilities | 10/49 | €1,008,285 | €1,140,831 | +€132,547 | +13.1% |
| Equity | 10/15 | €507,311 | €847,653 | +€340,343 | +67.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €501,111 | €841,453 | +€340,343 | +67.9% |
| Distributable reserves | 133 | €501,111 | €841,453 | +€340,343 | +67.9% |
| Amounts payable | 17/49 | €500,974 | €293,178 | -€207,796 | -41.5% |
| Amounts payable within one year | 42/48 | €500,974 | €293,178 | -€207,796 | -41.5% |
| Current portion of amounts payable after more than one year | 42 | €29,449 | €54,754 | +€25,304 | +85.9% |
| Trade debts | 44 | €165,031 | €147,268 | -€17,763 | -10.8% |
| Suppliers | 440/4 | €165,031 | €147,268 | -€17,763 | -10.8% |
| Taxes, remuneration and social security | 45 | €133,237 | €88,407 | -€44,830 | -33.6% |
| Taxes | 450/3 | €125,034 | €77,524 | -€47,510 | -38.0% |
| Remuneration and social security | 454/9 | €8,204 | €10,884 | +€2,680 | +32.7% |
| Other amounts payable | 47/48 | €173,256 | €2,749 | -€170,507 | -98.4% |
| Non-recurring operating income | 76A | - | €131 | +€131 | |
| Remuneration, social security and pensions | 62 | €59,869 | €59,301 | -€567 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,408 | €10,048 | -€2,360 | -19.0% |
| Other operating charges | 640/8 | €824 | €1,642 | +€818 | +99.3% |
| Non-recurring operating charges | 66A | €43 | - | -€43 | |
| Gross operating margin | 9900 | €388,584 | €544,485 | +€155,901 | +40.1% |
| Operating profit (loss) | 9901 | €315,440 | €473,494 | +€158,053 | +50.1% |
| Financial income | 75/76B | €10,208 | €26,557 | +€16,349 | +160.2% |
| Recurring financial income | 75 | €10,208 | €26,557 | +€16,349 | +160.2% |
| Financial charges | 65/66B | €1,945 | €2,402 | +€457 | +23.5% |
| Recurring financial charges | 65 | €1,945 | €2,402 | +€457 | +23.5% |
| Profit (loss) for the period before taxes | 9903 | €323,703 | €497,649 | +€173,946 | +53.7% |
| Income taxes | 67/77 | €80,121 | €157,306 | +€77,185 | +96.3% |
| Profit (loss) for the period | 9904 | €243,582 | €340,343 | +€96,760 | +39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €243,582 | €340,343 | +€96,760 | +39.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.