PROTEX: 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.
PROTEX
Largest movements
- Cash +€13,727
up €13,727 (+76.7%), from €17,903 to €31,630
mainly Net result for the year (+€10,739) and Depreciation (+€3,653)
- Tangible fixed assets -€3,652
down €3,652 (-4.2%), from €86,602 to €82,950
of which Land and buildings: -€3,453
- Profit (loss) carried forward +€10,739
up €10,739 (+13.4%), from €79,849 to €90,588
- Gross operating margin +€18,081
up €18,081 (+1106.5%), from €1,634 to €19,715
- Taxes +€3,653
new in 2025: €3,653
- Depreciation -€454
down €454 (-11.1%), from €4,107 to €3,653
- Other operating charges -€251
down €251 (-14.5%), from €1,731 to €1,480
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 | €104,505 | €114,579 | +€10,074 | +9.6% |
| Fixed assets | 21/28 | €86,602 | €82,950 | -€3,652 | -4.2% |
| Tangible fixed assets | 22/27 | €86,602 | €82,950 | -€3,652 | -4.2% |
| Land and buildings | 22 | €85,174 | €81,721 | -€3,453 | -4.1% |
| Other tangible fixed assets | 26 | €1,428 | €1,229 | -€199 | -14.0% |
| Current assets | 29/58 | €17,903 | €31,630 | +€13,727 | +76.7% |
| Cash at bank and in hand | 54/58 | €17,903 | €31,630 | +€13,727 | +76.7% |
| Total equity and liabilities | 10/49 | €104,505 | €114,579 | +€10,074 | +9.6% |
| Equity | 10/15 | €100,300 | €111,039 | +€10,739 | +10.7% |
| Contributions | 10/11 | €18,592 | €18,592 | +€0 | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €79,849 | €90,588 | +€10,739 | +13.4% |
| Amounts payable | 17/49 | €4,205 | €3,540 | -€665 | -15.8% |
| Amounts payable within one year | 42/48 | €4,205 | €3,540 | -€665 | -15.8% |
| Trade debts | 44 | €2,003 | €2,197 | +€194 | +9.7% |
| Suppliers | 440/4 | €2,003 | €2,197 | +€194 | +9.7% |
| Taxes, remuneration and social security | 45 | €2,202 | €1,153 | -€1,049 | -47.6% |
| Taxes | 450/3 | €2,202 | €1,153 | -€1,049 | -47.6% |
| Other amounts payable | 47/48 | - | €190 | +€190 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,107 | €3,653 | -€454 | -11.1% |
| Other operating charges | 640/8 | €1,731 | €1,480 | -€251 | -14.5% |
| Gross operating margin | 9900 | €1,634 | €19,715 | +€18,081 | +1106.5% |
| Operating profit (loss) | 9901 | -€4,204 | €14,582 | +€18,786 | |
| Financial charges | 65/66B | €103 | €190 | +€87 | +84.7% |
| Recurring financial charges | 65 | €103 | €190 | +€87 | +84.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,307 | €14,392 | +€18,699 | |
| Income taxes | 67/77 | - | €3,653 | +€3,653 | |
| Profit (loss) for the period | 9904 | -€4,307 | €10,739 | +€15,046 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,307 | €10,739 | +€15,046 |
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 1 October 2026 via checked.be.