PROTISEM: 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.
PROTISEM
Largest movements
- Receivables within one year +€18,687
up €18,687 (+84.2%), from €22,202 to €40,889
of which Trade receivables: +€20,677
- Tangible fixed assets -€11,167
down €11,167 (-23.0%), from €48,650 to €37,483
of which Leasing and similar rights: -€9,967
- Debts after one year -€14,281
down €14,281 (-67.4%), from €21,179 to €6,898
- Trade debts +€8,883
up €8,883 (+200%), from €4,450 to €13,332
- Reserves +€6,072
up €6,072 (+20.3%), from €29,910 to €35,982
- Tax, wage and social debts +€5,939
up €5,939 (+39.2%), from €15,134 to €21,073
of which Remuneration and social security: +€3,000
- Gross operating margin -€25,654
down €25,654 (-52.4%), from €48,957 to €23,303
- Taxes -€5,063
down €5,063 (-60.2%), from €8,403 to €3,341
- Depreciation +€3,983
up €3,983 (+55.4%), from €7,184 to €11,167
- Other operating charges -€563
down €563 (-23.4%), from €2,400 to €1,838
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.
Derived cash bridge
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 | €89,326 | €96,635 | +€7,309 | +8.2% |
| Fixed assets | 21/28 | €48,650 | €37,483 | -€11,167 | -23.0% |
| Tangible fixed assets | 22/27 | €48,650 | €37,483 | -€11,167 | -23.0% |
| Furniture and vehicles | 24 | €5,433 | €4,233 | -€1,200 | -22.1% |
| Leasing and similar rights | 25 | €43,217 | €33,250 | -€9,967 | -23.1% |
| Current assets | 29/58 | €40,676 | €59,152 | +€18,476 | +45.4% |
| Amounts receivable within one year | 40/41 | €22,202 | €40,889 | +€18,687 | +84.2% |
| Trade receivables | 40 | €12,088 | €32,765 | +€20,677 | +171% |
| Other amounts receivable | 41 | €10,113 | €8,124 | -€1,989 | -19.7% |
| Cash at bank and in hand | 54/58 | €18,183 | €17,298 | -€885 | -4.9% |
| Deferred charges and accrued income | 490/1 | €291 | €965 | +€673 | +231% |
| Total equity and liabilities | 10/49 | €89,326 | €96,635 | +€7,309 | +8.2% |
| Equity | 10/15 | €34,910 | €40,982 | +€6,072 | +17.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €29,910 | €35,982 | +€6,072 | +20.3% |
| Distributable reserves | 133 | €29,910 | €35,982 | +€6,072 | +20.3% |
| Amounts payable | 17/49 | €54,416 | €55,653 | +€1,237 | +2.3% |
| Amounts payable after more than one year | 17 | €21,179 | €6,898 | -€14,281 | -67.4% |
| Financial debts | 170/4 | €21,179 | €6,898 | -€14,281 | -67.4% |
| Amounts payable within one year | 42/48 | €33,237 | €48,686 | +€15,448 | +46.5% |
| Current portion of amounts payable after more than one year | 42 | €13,654 | €14,281 | +€627 | +4.6% |
| Trade debts | 44 | €4,450 | €13,332 | +€8,883 | +200% |
| Suppliers | 440/4 | €4,450 | €13,332 | +€8,883 | +200% |
| Taxes, remuneration and social security | 45 | €15,134 | €21,073 | +€5,939 | +39.2% |
| Taxes | 450/3 | €15,134 | €18,073 | +€2,939 | +19.4% |
| Remuneration and social security | 454/9 | - | €3,000 | +€3,000 | |
| Accrued charges and deferred income | 492/3 | - | €69 | +€69 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,184 | €11,167 | +€3,983 | +55.4% |
| Other operating charges | 640/8 | €2,400 | €1,838 | -€563 | -23.4% |
| Gross operating margin | 9900 | €48,957 | €23,303 | -€25,654 | -52.4% |
| Operating profit (loss) | 9901 | €39,372 | €10,298 | -€29,074 | -73.8% |
| Financial income | 75/76B | €491 | €485 | -€6 | -1.2% |
| Recurring financial income | 75 | €491 | €485 | -€6 | -1.2% |
| Financial charges | 65/66B | €1,550 | €1,371 | -€179 | -11.5% |
| Recurring financial charges | 65 | €1,550 | €1,371 | -€179 | -11.5% |
| Profit (loss) for the period before taxes | 9903 | €38,313 | €9,413 | -€28,901 | -75.4% |
| Income taxes | 67/77 | €8,403 | €3,341 | -€5,063 | -60.2% |
| Profit (loss) for the period | 9904 | €29,910 | €6,072 | -€23,838 | -79.7% |
| Profit (loss) for the period to be appropriated | 9905 | €29,910 | €6,072 | -€23,838 | -79.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.