Protexx: what changed
Two financial 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.
Protexx
Largest movements
- Financial fixed assets +€200,000
new in 2025: €200,000
- Current investments -€43,587
down €43,587 (-100.0%), from €43,587 to €0
- Receivables within one year -€40,401
down €40,401 (-23.4%), from €172,674 to €132,273
of which Trade receivables: -€60,650
- Stocks and contracts +€31,680
up €31,680 (+12.3%), from €258,043 to €289,723
- Tangible fixed assets +€24,344
up €24,344 (+44.9%), from €54,186 to €78,530
of which Plant, machinery and equipment: +€51,208
- Debts after one year +€81,801
up €81,801 (+249.2%), from €32,820 to €114,622
- Other debts +€58,339
up €58,339 (+766.5%), from €7,611 to €65,950
- Reserves +€51,301
up €51,301 (+19.1%), from €267,965 to €319,266
- Short-term financial debts +€32,422
up €32,422 (+1257.6%), from €2,578 to €35,000
- Trade debts -€20,094
down €20,094 (-11.1%), from €180,789 to €160,695
- Gross operating margin -€55,596
down €55,596 (-34.8%), from €159,924 to €104,327
- Taxes -€12,811
down €12,811 (-40.9%), from €31,290 to €18,479
- Financial charges +€8,590
up €8,590 (+899.9%), from €955 to €9,545
- Financial income +€4,088
up €4,088 (+38348.8%), from €11 to €4,099
- Depreciation -€3,365
down €3,365 (-11.1%), from €30,276 to €26,911
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 | €563,411 | €751,902 | +€188,491 | +33.5% |
| Fixed assets | 21/28 | €54,186 | €278,530 | +€224,344 | +414.0% |
| Tangible fixed assets | 22/27 | €54,186 | €78,530 | +€24,344 | +44.9% |
| Plant, machinery and equipment | 23 | - | €51,208 | +€51,208 | |
| Furniture and vehicles | 24 | €2,451 | €0 | -€2,451 | -100.0% |
| Leasing and similar rights | 25 | €49,258 | €24,845 | -€24,413 | -49.6% |
| Other tangible fixed assets | 26 | €2,477 | €2,477 | = | 0.0% |
| Financial fixed assets | 28 | - | €200,000 | +€200,000 | |
| Current assets | 29/58 | €509,224 | €473,372 | -€35,852 | -7.0% |
| Stocks and contracts in progress | 3 | €258,043 | €289,723 | +€31,680 | +12.3% |
| Stocks | 30/36 | €258,043 | €289,723 | +€31,680 | +12.3% |
| Amounts receivable within one year | 40/41 | €172,674 | €132,273 | -€40,401 | -23.4% |
| Trade receivables | 40 | €148,401 | €87,750 | -€60,650 | -40.9% |
| Other amounts receivable | 41 | €24,273 | €44,523 | +€20,250 | +83.4% |
| Current investments | 50/53 | €43,587 | €0 | -€43,587 | -100.0% |
| Cash at bank and in hand | 54/58 | €33,540 | €51,328 | +€17,788 | +53.0% |
| Deferred charges and accrued income | 490/1 | €1,381 | €48 | -€1,333 | -96.5% |
| Total equity and liabilities | 10/49 | €563,411 | €751,902 | +€188,491 | +33.5% |
| Equity | 10/15 | €268,165 | €319,466 | +€51,301 | +19.1% |
| Contributions | 10/11 | €200 | €200 | = | 0.0% |
| Reserves | 13 | €267,965 | €319,266 | +€51,301 | +19.1% |
| Distributable reserves | 133 | €267,965 | €319,266 | +€51,301 | +19.1% |
| Amounts payable | 17/49 | €295,246 | €432,436 | +€137,190 | +46.5% |
| Amounts payable after more than one year | 17 | €32,820 | €114,622 | +€81,801 | +249.2% |
| Financial debts | 170/4 | €32,820 | €114,622 | +€81,801 | +249.2% |
| Amounts payable within one year | 42/48 | €262,426 | €317,625 | +€55,199 | +21.0% |
| Current portion of amounts payable after more than one year | 42 | €55,158 | €55,980 | +€822 | +1.5% |
| Financial debts | 43 | €2,578 | €35,000 | +€32,422 | +1257.6% |
| Credit institutions | 430/8 | €2,578 | €35,000 | +€32,422 | +1257.6% |
| Trade debts | 44 | €180,789 | €160,695 | -€20,094 | -11.1% |
| Suppliers | 440/4 | €180,789 | €160,695 | -€20,094 | -11.1% |
| Taxes, remuneration and social security | 45 | €16,290 | €0 | -€16,290 | -100.0% |
| Taxes | 450/3 | €16,290 | €0 | -€16,290 | -100.0% |
| Other amounts payable | 47/48 | €7,611 | €65,950 | +€58,339 | +766.5% |
| Accrued charges and deferred income | 492/3 | €0 | €190 | +€190 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,276 | €26,911 | -€3,365 | -11.1% |
| Other operating charges | 640/8 | €3,386 | €2,189 | -€1,196 | -35.3% |
| Gross operating margin | 9900 | €159,924 | €104,327 | -€55,596 | -34.8% |
| Operating profit (loss) | 9901 | €126,262 | €75,227 | -€51,036 | -40.4% |
| Financial income | 75/76B | €11 | €4,099 | +€4,088 | +38348.8% |
| Recurring financial income | 75 | €11 | €4,099 | +€4,088 | +38348.8% |
| Financial charges | 65/66B | €955 | €9,545 | +€8,590 | +899.9% |
| Recurring financial charges | 65 | €955 | €9,545 | +€8,590 | +899.9% |
| Profit (loss) for the period before taxes | 9903 | €125,318 | €69,780 | -€55,538 | -44.3% |
| Income taxes | 67/77 | €31,290 | €18,479 | -€12,811 | -40.9% |
| Profit (loss) for the period | 9904 | €94,029 | €51,301 | -€42,727 | -45.4% |
| Profit (loss) for the period to be appropriated | 9905 | €94,029 | €51,301 | -€42,727 | -45.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.