PROTITEC: 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.
PROTITEC
Largest movements
- Receivables after one year -€110,233
down €110,233 (-69.7%), from €158,255 to €48,022
- Cash +€56,747
up €56,747 (+142%), from €39,884 to €96,630
mainly Receivables after one year (+€110,233) and Net result for the year (+€57,703)
- Tangible fixed assets -€35,298
down €35,298 (-20.2%), from €174,645 to €139,347
of which Land and buildings: -€26,416
- Receivables within one year +€8,910
up €8,910 (+40.2%), from €22,158 to €31,067
of which Other amounts receivable: +€7,875
- Reserves -€74,307
down €74,307 (-14.7%), from €506,417 to €432,109
of which Distributable reserves: -€74,307
- Tax, wage and social debts +€5,684
up €5,684 (+142%), from €4,015 to €9,699
- Gross operating margin +€33,112
up €33,112 (+37.1%), from €89,205 to €122,317
- Taxes +€4,891
up €4,891 (+22.4%), from €21,868 to €26,759
- Financial income -€3,649
down €3,649 (-59.4%), from €6,148 to €2,499
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €540,687 | €469,458 | -€71,229 | -13.2% |
| Fixed assets | 21/28 | €174,645 | €139,347 | -€35,298 | -20.2% |
| Tangible fixed assets | 22/27 | €174,645 | €139,347 | -€35,298 | -20.2% |
| Land and buildings | 22 | €158,630 | €132,213 | -€26,416 | -16.7% |
| Furniture and vehicles | 24 | €16,015 | €7,134 | -€8,881 | -55.5% |
| Current assets | 29/58 | €366,043 | €330,111 | -€35,932 | -9.8% |
| Amounts receivable after more than one year | 29 | €158,255 | €48,022 | -€110,233 | -69.7% |
| Other amounts receivable | 291 | €158,255 | €48,022 | -€110,233 | -69.7% |
| Amounts receivable within one year | 40/41 | €22,158 | €31,067 | +€8,910 | +40.2% |
| Trade receivables | 40 | €21,179 | €22,214 | +€1,035 | +4.9% |
| Other amounts receivable | 41 | €979 | €8,853 | +€7,875 | +805% |
| Current investments | 50/53 | €145,746 | €150,801 | +€5,055 | +3.5% |
| Cash at bank and in hand | 54/58 | €39,884 | €96,630 | +€56,747 | +142% |
| Deferred charges and accrued income | 490/1 | - | €3,589 | +€3,589 | |
| Total equity and liabilities | 10/49 | €540,687 | €469,458 | -€71,229 | -13.2% |
| Equity | 10/15 | €518,779 | €444,471 | -€74,307 | -14.3% |
| Contributions | 10/11 | €12,362 | €12,362 | = | 0.0% |
| Reserves | 13 | €506,417 | €432,109 | -€74,307 | -14.7% |
| Tax-exempt reserves | 132 | €35,550 | €35,550 | = | 0.0% |
| Distributable reserves | 133 | €470,867 | €396,559 | -€74,307 | -15.8% |
| Amounts payable | 17/49 | €21,909 | €24,987 | +€3,078 | +14.1% |
| Amounts payable after more than one year | 17 | €4,889 | - | -€4,889 | |
| Financial debts | 170/4 | €4,889 | - | -€4,889 | |
| Amounts payable within one year | 42/48 | €17,020 | €24,987 | +€7,967 | +46.8% |
| Current portion of amounts payable after more than one year | 42 | €5,260 | €4,889 | -€371 | -7.0% |
| Trade debts | 44 | €7,745 | €10,399 | +€2,654 | +34.3% |
| Suppliers | 440/4 | €7,745 | €10,399 | +€2,654 | +34.3% |
| Taxes, remuneration and social security | 45 | €4,015 | €9,699 | +€5,684 | +142% |
| Taxes | 450/3 | €4,015 | €9,699 | +€5,684 | +142% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,321 | €35,298 | -€23 | -0.1% |
| Other operating charges | 640/8 | €4,151 | €4,794 | +€642 | +15.5% |
| Gross operating margin | 9900 | €89,205 | €122,317 | +€33,112 | +37.1% |
| Operating profit (loss) | 9901 | €49,733 | €82,225 | +€32,492 | +65.3% |
| Financial income | 75/76B | €6,148 | €2,499 | -€3,649 | -59.4% |
| Recurring financial income | 75 | €6,148 | €2,499 | -€3,649 | -59.4% |
| Financial charges | 65/66B | €1,072 | €262 | -€810 | -75.5% |
| Recurring financial charges | 65 | €1,072 | €262 | -€810 | -75.5% |
| Profit (loss) for the period before taxes | 9903 | €54,808 | €84,462 | +€29,653 | +54.1% |
| Income taxes | 67/77 | €21,868 | €26,759 | +€4,891 | +22.4% |
| Profit (loss) for the period | 9904 | €32,941 | €57,703 | +€24,763 | +75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,941 | €57,703 | +€24,763 | +75.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.