TEAM 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.
TEAM PROTECT
Largest movements
- Tangible fixed assets +€16,566
up €16,566 (+32.3%), from €51,348 to €67,915
of which Furniture and vehicles: +€16,440
- Receivables within one year +€1,277
up €1,277 (+12.0%), from €10,663 to €11,941
of which Other amounts receivable: +€1,420
- Other debts +€21,358
up €21,358 (+280.7%), from €7,608 to €28,966
- Debts after one year -€9,022
down €9,022 (-27.7%), from €32,534 to €23,512
- Reserves +€8,000
new in 2025: €8,000
- Profit (loss) carried forward -€2,625
down €2,625 (-93.8%), from €2,800 to €175
- Tax, wage and social debts -€1,109
no longer reported in 2025 (was €1,109)
of which Taxes: -€967
- Gross operating margin +€9,811
up €9,811 (+38.1%), from €25,782 to €35,594
- Depreciation +€4,917
up €4,917 (+45.2%), from €10,874 to €15,791
- Staff costs +€2,609
up €2,609 (+51.2%), from €5,097 to €7,705
- Taxes +€1,758
up €1,758 (+181.8%), from €967 to €2,725
- Other operating charges +€886
up €886 (+163.4%), from €543 to €1,429
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 | €64,413 | €82,452 | +€18,039 | +28.0% |
| Fixed assets | 21/28 | €52,024 | €68,160 | +€16,136 | +31.0% |
| Intangible fixed assets | 21 | €473 | €42 | -€431 | -91.1% |
| Tangible fixed assets | 22/27 | €51,348 | €67,915 | +€16,566 | +32.3% |
| Land and buildings | 22 | €19,643 | €16,508 | -€3,135 | -16.0% |
| Plant, machinery and equipment | 23 | €5,899 | €9,160 | +€3,261 | +55.3% |
| Furniture and vehicles | 24 | €25,806 | €42,247 | +€16,440 | +63.7% |
| Financial fixed assets | 28 | €204 | €204 | = | 0.0% |
| Current assets | 29/58 | €12,389 | €14,292 | +€1,903 | +15.4% |
| Amounts receivable within one year | 40/41 | €10,663 | €11,941 | +€1,277 | +12.0% |
| Trade receivables | 40 | €6,959 | €6,817 | -€142 | -2.0% |
| Other amounts receivable | 41 | €3,704 | €5,124 | +€1,420 | +38.3% |
| Cash at bank and in hand | 54/58 | €1,563 | €2,351 | +€787 | +50.4% |
| Deferred charges and accrued income | 490/1 | €162 | - | -€162 | |
| Total equity and liabilities | 10/49 | €64,413 | €82,452 | +€18,039 | +28.0% |
| Equity | 10/15 | €11,800 | €17,175 | +€5,375 | +45.5% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | - | €8,000 | +€8,000 | |
| Distributable reserves | 133 | - | €8,000 | +€8,000 | |
| Profit (loss) carried forward | 14 | €2,800 | €175 | -€2,625 | -93.8% |
| Amounts payable | 17/49 | €52,613 | €65,277 | +€12,664 | +24.1% |
| Amounts payable after more than one year | 17 | €32,534 | €23,512 | -€9,022 | -27.7% |
| Financial debts | 170/4 | €32,534 | €23,512 | -€9,022 | -27.7% |
| Amounts payable within one year | 42/48 | €20,079 | €41,765 | +€21,686 | +108.0% |
| Current portion of amounts payable after more than one year | 42 | €8,616 | €9,000 | +€384 | +4.5% |
| Trade debts | 44 | €2,745 | €3,799 | +€1,054 | +38.4% |
| Suppliers | 440/4 | €2,745 | €3,799 | +€1,054 | +38.4% |
| Taxes, remuneration and social security | 45 | €1,109 | - | -€1,109 | |
| Taxes | 450/3 | €967 | - | -€967 | |
| Remuneration and social security | 454/9 | €142 | - | -€142 | |
| Other amounts payable | 47/48 | €7,608 | €28,966 | +€21,358 | +280.7% |
| Remuneration, social security and pensions | 62 | €5,097 | €7,705 | +€2,609 | +51.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,874 | €15,791 | +€4,917 | +45.2% |
| Other operating charges | 640/8 | €543 | €1,429 | +€886 | +163.4% |
| Gross operating margin | 9900 | €25,782 | €35,594 | +€9,811 | +38.1% |
| Operating profit (loss) | 9901 | €9,269 | €10,668 | +€1,399 | +15.1% |
| Financial income | 75/76B | €7 | €12 | +€4 | +58.9% |
| Recurring financial income | 75 | €7 | €12 | +€4 | +58.9% |
| Financial charges | 65/66B | €2,090 | €1,747 | -€343 | -16.4% |
| Recurring financial charges | 65 | €2,090 | €1,747 | -€343 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €7,186 | €8,932 | +€1,746 | +24.3% |
| Income taxes | 67/77 | €967 | €2,725 | +€1,758 | +181.8% |
| Profit (loss) for the period | 9904 | €6,219 | €6,208 | -€11 | -0.2% |
| Profit (loss) for the period to be appropriated | 9905 | €6,219 | €6,208 | -€11 | -0.2% |
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 12 October 2026 via checked.be.