PROTIMEX: 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.
PROTIMEX
Largest movements
- Receivables within one year +€29,726
up €29,726 (+5.3%), from €564,553 to €594,279
of which Trade receivables: +€34,423
- Deferred charges and accrued income +€20,142
new in 2024: €20,142
- Cash +€14,096
up €14,096 (+31.7%), from €44,494 to €58,590
mainly Debts after one year (+€73,002) and Short-term financial debts (+€40,622)
- Stocks and contracts +€13,941
up €13,941 (+5.3%), from €263,779 to €277,720
- Debts after one year +€73,002
up €73,002 (+230%), from €31,761 to €104,763
- Trade debts -€59,215
down €59,215 (-18.1%), from €327,661 to €268,446
- Short-term financial debts +€40,622
up €40,622 (+12.0%), from €339,117 to €379,739
- Other debts +€13,880
up €13,880 (+104%), from €13,322 to €27,203
- Current portion of long-term debt +€11,768
up €11,768 (+28.6%), from €41,156 to €52,924
- Financial charges -€15,115
down €15,115 (-29.4%), from €51,331 to €36,216
of which Non-recurring financial charges: -€16,400
- Staff costs -€13,966
down €13,966 (-2.8%), from €498,175 to €484,209
- Other operating charges +€12,884
up €12,884 (+542%), from €2,378 to €15,263
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.
Derived cash bridge
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 | €959,987 | €1,033,134 | +€73,147 | +7.6% |
| Fixed assets | 21/28 | €87,161 | €82,403 | -€4,758 | -5.5% |
| Tangible fixed assets | 22/27 | €86,637 | €81,879 | -€4,758 | -5.5% |
| Land and buildings | 22 | €48,647 | €48,647 | = | 0.0% |
| Plant, machinery and equipment | 23 | €21,910 | €12,558 | -€9,351 | -42.7% |
| Furniture and vehicles | 24 | €16,081 | €20,673 | +€4,593 | +28.6% |
| Financial fixed assets | 28 | €524 | €524 | = | 0.0% |
| Current assets | 29/58 | €872,826 | €950,731 | +€77,905 | +8.9% |
| Stocks and contracts in progress | 3 | €263,779 | €277,720 | +€13,941 | +5.3% |
| Stocks | 30/36 | €263,779 | €277,720 | +€13,941 | +5.3% |
| Amounts receivable within one year | 40/41 | €564,553 | €594,279 | +€29,726 | +5.3% |
| Trade receivables | 40 | €559,746 | €594,169 | +€34,423 | +6.1% |
| Other amounts receivable | 41 | €4,807 | €110 | -€4,697 | -97.7% |
| Cash at bank and in hand | 54/58 | €44,494 | €58,590 | +€14,096 | +31.7% |
| Deferred charges and accrued income | 490/1 | - | €20,142 | +€20,142 | |
| Total equity and liabilities | 10/49 | €959,987 | €1,033,134 | +€73,147 | +7.6% |
| Equity | 10/15 | €197,356 | €197,613 | +€257 | +0.1% |
| Contributions | 10/11 | €130,000 | €130,000 | = | 0.0% |
| Contributions outside capital | 11 | €130,000 | €130,000 | = | 0.0% |
| Other | 1109/19 | €130,000 | €130,000 | = | 0.0% |
| Reserves | 13 | €67,356 | €67,613 | +€257 | +0.4% |
| Non-distributable reserves | 130/1 | €4,439 | €4,439 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,439 | €4,439 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €44,167 | €44,424 | +€257 | +0.6% |
| Amounts payable | 17/49 | €762,631 | €835,521 | +€72,890 | +9.6% |
| Amounts payable after more than one year | 17 | €31,761 | €104,763 | +€73,002 | +230% |
| Financial debts | 170/4 | €31,761 | €104,763 | +€73,002 | +230% |
| Amounts payable within one year | 42/48 | €730,870 | €730,757 | -€113 | 0.0% |
| Current portion of amounts payable after more than one year | 42 | €41,156 | €52,924 | +€11,768 | +28.6% |
| Financial debts | 43 | €339,117 | €379,739 | +€40,622 | +12.0% |
| Credit institutions | 430/8 | €339,117 | €379,739 | +€40,622 | +12.0% |
| Trade debts | 44 | €327,661 | €268,446 | -€59,215 | -18.1% |
| Suppliers | 440/4 | €327,661 | €268,446 | -€59,215 | -18.1% |
| Taxes, remuneration and social security | 45 | €9,614 | €2,446 | -€7,169 | -74.6% |
| Remuneration and social security | 454/9 | €9,614 | €2,446 | -€7,169 | -74.6% |
| Other amounts payable | 47/48 | €13,322 | €27,203 | +€13,880 | +104% |
| Remuneration, social security and pensions | 62 | €498,175 | €484,209 | -€13,966 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,629 | €20,514 | -€2,115 | -9.3% |
| Other operating charges | 640/8 | €2,378 | €15,263 | +€12,884 | +542% |
| Non-recurring operating charges | 66A | -€1,686 | - | +€1,686 | |
| Gross operating margin | 9900 | €552,622 | €553,962 | +€1,340 | +0.2% |
| Operating profit (loss) | 9901 | €31,126 | €33,977 | +€2,851 | +9.2% |
| Financial income | 75/76B | €147 | €65 | -€82 | -55.9% |
| Recurring financial income | 75 | €147 | €65 | -€82 | -55.9% |
| Financial charges | 65/66B | €51,331 | €36,216 | -€15,115 | -29.4% |
| Recurring financial charges | 65 | €34,931 | €36,216 | +€1,285 | +3.7% |
| Non-recurring financial charges | 66B | €16,400 | - | -€16,400 | |
| Profit (loss) for the period before taxes | 9903 | -€20,058 | -€2,174 | +€17,884 | +89.2% |
| Income taxes | 67/77 | - | -€2,431 | -€2,431 | |
| Profit (loss) for the period | 9904 | -€20,058 | €257 | +€20,315 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,058 | €257 | +€20,315 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.