PROTOITURES: 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.
What changed
PROTOITURES
NACE 43.410, Roofing work
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€626,291
2024 · €493,412+€132,879
Equity
€2.2m
2024 · €1.6m+€614,471
Cash
€197,118
2024 · €261,693-€64,575
Balance sheet total
€5.5m
2024 · €3.8m+€1.7m
Largest movements
Assets
- Receivables within one year +€1.4m
up €1.4m (+116%), from €1.2m to €2.5m
of which Trade receivables: +€1.2m
- Stocks and contracts +€296,897
up €296,897 (+22.7%), from €1.3m to €1.6m
of which Stocks: +€236,595
- Cash -€64,575
down €64,575 (-24.7%), from €261,693 to €197,118
mainly Receivables within one year (-€1.4m) and Stocks and contracts (-€296,897)
- Tangible fixed assets +€62,469
up €62,469 (+12.3%), from €508,660 to €571,129
of which Plant, machinery and equipment: +€53,295
Equity and liabilities
- Trade debts +€1.2m
up €1.2m (+130%), from €897,749 to €2.1m
- Reserves +€636,625
up €636,625 (+46.3%), from €1.4m to €2.0m
of which Distributable reserves: +€636,625
- Short-term financial debts -€245,000
down €245,000 (-30.8%), from €795,000 to €550,000
- Advances received +€200,000
new in 2025: €200,000
- Debts after one year -€61,951
down €61,951 (-26.8%), from €230,799 to €168,848
Income statement
- Turnover -€9.2m
no longer reported in 2025 (was €9.2m)
- Goods and materials -€6.3m
no longer reported in 2025 (was €6.3m)
of which Purchases: -€6.1m
- Gross operating margin +€2.2m
new in 2025: €2.2m
- Services and other goods -€785,548
no longer reported in 2025 (was €785,548)
- Staff costs +€134,037
up €134,037 (+11.9%), from €1.1m to €1.3m
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.
Result 2024
€493,412
Turnover
-€9.2m
Other operating income
-€100,148
Goods and materials
+€6.3m
Services and other goods
+€785,548
Staff costs
-€134,037
Depreciation
-€11,006
Write-downs
+€35,237
Other operating charges
-€97,009
Other operating items
+€2.6m
Financial income
+€21,292
Financial charges
+€48,567
Taxes
-€82,092
Result 2025
€626,291
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€399,459
Investment
-€156,005
Financing
-€308,029
Cash 2024
€261,693
From operations (derived)
+€399,459
Net result for the year
+€626,291
Depreciation
+€96,281
Stocks and contracts
-€296,897
Receivables within one year
-€1.4m
Deferred charges and accrued income
-€23,612
Trade debts
+€1.2m
Tax, wage and social debts
+€25,557
Advances received
+€200,000
Other debts
-€33,705
Investment (derived)
-€156,005
Investment in fixed assets (net)
-€156,005
Financing
-€308,029
Debts after one year
-€61,951
Current portion of long-term debt
+€10,742
Short-term financial debts
-€245,000
Contributions, distributions and other
-€11,820
Cash 2025
€197,118
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,793,837 | €5,475,135 | +€1.7m | +44.3% |
| Fixed assets | 21/28 | €1,047,580 | €1,107,304 | +€59,724 | +5.7% |
| Intangible fixed assets | 21 | €2,799 | €1,894 | -€905 | -32.3% |
| Tangible fixed assets | 22/27 | €508,660 | €571,129 | +€62,469 | +12.3% |
| Land and buildings | 22 | €167,191 | €143,992 | -€23,199 | -13.9% |
| Plant, machinery and equipment | 23 | €331,172 | €384,467 | +€53,295 | +16.1% |
| Furniture and vehicles | 24 | €4,754 | €42,670 | +€37,916 | +798% |
| Leasing and similar rights | 25 | €5,543 | - | -€5,543 | |
| Financial fixed assets | 28 | €536,121 | €534,281 | -€1,840 | -0.3% |
| Other financial fixed assets | 284/8 | €536,121 | - | -€536,121 | |
| Shares | 284 | €52,500 | - | -€52,500 | |
| Amounts receivable and cash guarantees | 285/8 | €483,621 | - | -€483,621 | |
| Current assets | 29/58 | €2,746,257 | €4,367,831 | +€1.6m | +59.0% |
| Stocks and contracts in progress | 3 | €1,307,856 | €1,604,753 | +€296,897 | +22.7% |
| Stocks | 30/36 | €516,668 | €753,263 | +€236,595 | +45.8% |
| Goods purchased for resale | 34 | €516,668 | - | -€516,668 | |
| Contracts in progress | 37 | €791,188 | €851,490 | +€60,302 | +7.6% |
| Amounts receivable within one year | 40/41 | €1,175,483 | €2,541,123 | +€1.4m | +116% |
| Trade receivables | 40 | €1,000,945 | €2,230,932 | +€1.2m | +123% |
| Other amounts receivable | 41 | €174,538 | €310,191 | +€135,653 | +77.7% |
| Cash at bank and in hand | 54/58 | €261,693 | €197,118 | -€64,575 | -24.7% |
| Deferred charges and accrued income | 490/1 | €1,225 | €24,837 | +€23,612 | +1,928% |
| Total equity and liabilities | 10/49 | €3,793,837 | €5,475,135 | +€1.7m | +44.3% |
| Equity | 10/15 | €1,560,264 | €2,174,735 | +€614,471 | +39.4% |
| Contributions | 10/11 | €112,600 | €112,600 | = | 0.0% |
| Capital | 10 | €112,600 | €112,600 | = | 0.0% |
| Issued capital | 100 | €112,600 | €112,600 | = | 0.0% |
| Reserves | 13 | €1,374,635 | €2,011,260 | +€636,625 | +46.3% |
| Non-distributable reserves | 130/1 | €11,260 | €11,260 | = | 0.0% |
| Legal reserve | 130 | €11,260 | €11,260 | = | 0.0% |
| Distributable reserves | 133 | €1,363,375 | €2,000,000 | +€636,625 | +46.7% |
| Profit (loss) carried forward | 14 | €61,209 | €50,875 | -€10,334 | -16.9% |
| Investment grants | 15 | €11,820 | - | -€11,820 | |
| Amounts payable | 17/49 | €2,233,573 | €3,300,400 | +€1.1m | +47.8% |
| Amounts payable after more than one year | 17 | €230,799 | €168,848 | -€61,951 | -26.8% |
| Financial debts | 170/4 | €230,799 | €168,848 | -€61,951 | -26.8% |
| Credit institutions | 173 | €230,799 | - | -€230,799 | |
| Amounts payable within one year | 42/48 | €2,002,774 | €3,131,552 | +€1.1m | +56.4% |
| Current portion of amounts payable after more than one year | 42 | €105,476 | €116,218 | +€10,742 | +10.2% |
| Financial debts | 43 | €795,000 | €550,000 | -€245,000 | -30.8% |
| Credit institutions | 430/8 | €795,000 | €550,000 | -€245,000 | -30.8% |
| Trade debts | 44 | €897,749 | €2,068,933 | +€1.2m | +130% |
| Suppliers | 440/4 | €897,749 | €2,068,933 | +€1.2m | +130% |
| Advances received on contracts in progress | 46 | - | €200,000 | +€200,000 | |
| Taxes, remuneration and social security | 45 | €50,844 | €76,401 | +€25,557 | +50.3% |
| Taxes | 450/3 | €493 | €494 | +€1 | +0.2% |
| Remuneration and social security | 454/9 | €50,351 | €75,907 | +€25,556 | +50.8% |
| Other amounts payable | 47/48 | €153,705 | €120,000 | -€33,705 | -21.9% |
| Operating income | 70/76A | €8,913,407 | - | -€8.9m | |
| Turnover | 70 | €9,174,202 | - | -€9.2m | |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€360,943 | - | +€360,943 | |
| Other operating income | 74 | €100,148 | - | -€100,148 | |
| Operating charges | 60/66A | €8,307,485 | - | -€8.3m | |
| Goods for resale, raw materials and consumables | 60 | €6,285,800 | - | -€6.3m | |
| Purchases | 600/8 | €6,113,185 | - | -€6.1m | |
| Change in stocks: decrease (increase) | 609 | €172,615 | - | -€172,615 | |
| Services and other goods | 61 | €785,548 | - | -€785,548 | |
| Remuneration, social security and pensions | 62 | €1,129,192 | €1,263,229 | +€134,037 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,275 | €96,281 | +€11,006 | +12.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€35,237 | -€35,237 | |
| Other operating charges | 640/8 | €16,890 | €113,899 | +€97,009 | +574% |
| Non-recurring operating charges | 66A | €4,780 | €4,316 | -€464 | -9.7% |
| Gross operating margin | 9900 | - | €2,193,522 | +€2.2m | |
| Operating profit (loss) | 9901 | €605,922 | €751,034 | +€145,112 | +23.9% |
| Financial income | 75/76B | €10,977 | €32,269 | +€21,292 | +194% |
| Recurring financial income | 75 | €10,977 | €32,269 | +€21,292 | +194% |
| Income from current assets | 751 | €59 | - | -€59 | |
| Other financial income | 752/9 | €10,918 | - | -€10,918 | |
| Financial charges | 65/66B | €122,600 | €74,033 | -€48,567 | -39.6% |
| Recurring financial charges | 65 | €122,600 | €74,033 | -€48,567 | -39.6% |
| Debt charges | 650 | €85,828 | - | -€85,828 | |
| Other financial charges | 652/9 | €36,772 | - | -€36,772 | |
| Profit (loss) for the period before taxes | 9903 | €494,299 | €709,270 | +€214,971 | +43.5% |
| Income taxes | 67/77 | €887 | €82,979 | +€82,092 | +9,255% |
| Taxes | 670/3 | €887 | - | -€887 | |
| Profit (loss) for the period | 9904 | €493,412 | €626,291 | +€132,879 | +26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €493,412 | €626,291 | +€132,879 | +26.9% |
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 18 October 2026 via checked.be.