PROTOS INVEST: 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.
PROTOS INVEST
Largest movements
- Tangible fixed assets -€157,258
down €157,258 (-18.3%), from €860,768 to €703,511
- Cash +€125,063
up €125,063 (+5,453%), from €2,294 to €127,356
mainly Investment in fixed assets (net) (+€115,127) and Net result for the year (+€51,090)
- Debts after one year -€56,276
down €56,276 (-41.4%), from €135,800 to €79,524
- Reserves +€51,090
up €51,090 (+9.4%), from €545,305 to €596,396
of which Tax-exempt reserves: +€69,694
- Other debts -€41,870
down €41,870 (-39.2%), from €106,833 to €64,962
- Provisions +€23,231
new in 2025: €23,231
- Gross operating margin +€78,564
up €78,564 (+148%), from €52,910 to €131,474
- Depreciation -€18,812
down €18,812 (-30.9%), from €60,943 to €42,131
- Financial charges -€1,807
down €1,807 (-29.4%), from €6,153 to €4,345
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 | €863,982 | €831,666 | -€32,316 | -3.7% |
| Fixed assets | 21/28 | €861,388 | €704,130 | -€157,258 | -18.3% |
| Tangible fixed assets | 22/27 | €860,768 | €703,511 | -€157,258 | -18.3% |
| Land and buildings | 22 | €860,768 | €703,511 | -€157,258 | -18.3% |
| Financial fixed assets | 28 | €620 | €620 | = | 0.0% |
| Current assets | 29/58 | €2,593 | €127,536 | +€124,942 | +4,818% |
| Cash at bank and in hand | 54/58 | €2,294 | €127,356 | +€125,063 | +5,453% |
| Deferred charges and accrued income | 490/1 | €300 | €179 | -€121 | -40.2% |
| Total equity and liabilities | 10/49 | €863,982 | €831,666 | -€32,316 | -3.7% |
| Equity | 10/15 | €555,585 | €606,676 | +€51,090 | +9.2% |
| Contributions | 10/11 | €10,280 | €10,280 | = | 0.0% |
| Reserves | 13 | €545,305 | €596,396 | +€51,090 | +9.4% |
| Tax-exempt reserves | 132 | - | €69,694 | +€69,694 | |
| Distributable reserves | 133 | €545,305 | €526,702 | -€18,603 | -3.4% |
| Provisions and deferred taxes | 16 | - | €23,231 | +€23,231 | |
| Deferred taxes | 168 | - | €23,231 | +€23,231 | |
| Amounts payable | 17/49 | €308,397 | €201,759 | -€106,637 | -34.6% |
| Amounts payable after more than one year | 17 | €135,800 | €79,524 | -€56,276 | -41.4% |
| Financial debts | 170/4 | €135,800 | €79,524 | -€56,276 | -41.4% |
| Amounts payable within one year | 42/48 | €171,746 | €121,762 | -€49,984 | -29.1% |
| Current portion of amounts payable after more than one year | 42 | €63,962 | €56,276 | -€7,686 | -12.0% |
| Financial debts | 43 | €292 | - | -€292 | |
| Credit institutions | 430/8 | €292 | - | -€292 | |
| Trade debts | 44 | €660 | €524 | -€136 | -20.6% |
| Suppliers | 440/4 | €660 | €524 | -€136 | -20.6% |
| Other amounts payable | 47/48 | €106,833 | €64,962 | -€41,870 | -39.2% |
| Accrued charges and deferred income | 492/3 | €850 | €473 | -€377 | -44.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,943 | €42,131 | -€18,812 | -30.9% |
| Other operating charges | 640/8 | €10,344 | €10,676 | +€332 | +3.2% |
| Gross operating margin | 9900 | €52,910 | €131,474 | +€78,564 | +148% |
| Operating profit (loss) | 9901 | -€18,377 | €78,667 | +€97,044 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -89.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -89.0% |
| Financial charges | 65/66B | €6,153 | €4,345 | -€1,807 | -29.4% |
| Recurring financial charges | 65 | €6,153 | €4,345 | -€1,807 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | -€24,529 | €74,322 | +€98,851 | |
| Transfer to deferred taxes | 680 | - | €23,231 | +€23,231 | |
| Profit (loss) for the period | 9904 | -€24,529 | €51,090 | +€75,619 | |
| Transfer to tax-exempt reserves | 689 | - | €69,694 | +€69,694 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,529 | -€18,603 | +€5,925 | +24.2% |
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 14 October 2026 via checked.be.