S.T. PROTECT: 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.
S.T. PROTECT
Largest movements
- Cash +€130,549
up €130,549 (+127.6%), from €102,341 to €232,889
mainly Net result for the year (+€152,548) and Tax, wage and social debts (+€12,902)
- Tangible fixed assets +€23,595
up €23,595 (+273.7%), from €8,621 to €32,216
of which Furniture and vehicles: +€23,464
- Receivables within one year +€9,787
up €9,787 (+37.4%), from €26,154 to €35,941
of which Trade receivables: +€9,318
- Profit (loss) carried forward +€152,548
up €152,548 (+148.0%), from €103,079 to €255,626
- Tax, wage and social debts +€12,902
up €12,902 (+42.2%), from €30,607 to €43,510
- Gross operating margin +€70,311
up €70,311 (+50.5%), from €139,094 to €209,405
- Taxes +€15,625
up €15,625 (+56.0%), from €27,884 to €43,510
- Financial charges -€2,591
down €2,591 (-95.1%), from €2,723 to €132
of which Non-recurring financial charges: -€2,492
- Depreciation +€2,494
up €2,494 (+51.0%), from €4,887 to €7,381
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.
Cash bridge derived
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 | €137,468 | €301,136 | +€163,668 | +119.1% |
| Fixed assets | 21/28 | €8,621 | €32,216 | +€23,595 | +273.7% |
| Tangible fixed assets | 22/27 | €8,621 | €32,216 | +€23,595 | +273.7% |
| Plant, machinery and equipment | 23 | €1,181 | €1,313 | +€132 | +11.1% |
| Furniture and vehicles | 24 | €7,440 | €30,903 | +€23,464 | +315.4% |
| Current assets | 29/58 | €128,847 | €268,920 | +€140,073 | +108.7% |
| Amounts receivable within one year | 40/41 | €26,154 | €35,941 | +€9,787 | +37.4% |
| Trade receivables | 40 | €19,108 | €28,426 | +€9,318 | +48.8% |
| Other amounts receivable | 41 | €7,046 | €7,515 | +€469 | +6.7% |
| Cash at bank and in hand | 54/58 | €102,341 | €232,889 | +€130,549 | +127.6% |
| Deferred charges and accrued income | 490/1 | €352 | €89 | -€263 | -74.6% |
| Total equity and liabilities | 10/49 | €137,468 | €301,136 | +€163,668 | +119.1% |
| Equity | 10/15 | €105,079 | €257,626 | +€152,548 | +145.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,079 | €255,626 | +€152,548 | +148.0% |
| Amounts payable | 17/49 | €32,389 | €43,510 | +€11,121 | +34.3% |
| Amounts payable within one year | 42/48 | €32,389 | €43,510 | +€11,121 | +34.3% |
| Trade debts | 44 | €1,782 | - | -€1,782 | |
| Suppliers | 440/4 | €1,782 | - | -€1,782 | |
| Taxes, remuneration and social security | 45 | €30,607 | €43,510 | +€12,902 | +42.2% |
| Taxes | 450/3 | €30,607 | €43,510 | +€12,902 | +42.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,887 | €7,381 | +€2,494 | +51.0% |
| Other operating charges | 640/8 | €671 | €469 | -€202 | -30.1% |
| Non-recurring operating charges | 66A | - | €5,586 | +€5,586 | |
| Gross operating margin | 9900 | €139,094 | €209,405 | +€70,311 | +50.5% |
| Operating profit (loss) | 9901 | €133,535 | €195,969 | +€62,433 | +46.8% |
| Financial income | 75/76B | €151 | €221 | +€70 | +46.4% |
| Recurring financial income | 75 | €151 | €221 | +€70 | +46.4% |
| Financial charges | 65/66B | €2,723 | €132 | -€2,591 | -95.1% |
| Recurring financial charges | 65 | €231 | €132 | -€99 | -42.7% |
| Non-recurring financial charges | 66B | €2,492 | - | -€2,492 | |
| Profit (loss) for the period before taxes | 9903 | €130,963 | €196,057 | +€65,094 | +49.7% |
| Income taxes | 67/77 | €27,884 | €43,510 | +€15,625 | +56.0% |
| Profit (loss) for the period | 9904 | €103,079 | €152,548 | +€49,469 | +48.0% |
| Profit (loss) for the period to be appropriated | 9905 | €103,079 | €152,548 | +€49,469 | +48.0% |
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 12 October 2026 via checked.be.