THE PROTOCOL ROOM: 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.
THE PROTOCOL ROOM
Largest movements
- Tangible fixed assets -€11,775
down €11,775 (-4.8%), from €245,471 to €233,696
- Debts after one year -€25,493
down €25,493 (-27.5%), from €92,770 to €67,277
- Trade debts -€11,773
down €11,773 (-52.7%), from €22,323 to €10,550
- Current portion of long-term debt +€9,536
up €9,536 (+38.2%), from €24,956 to €34,492
- Reserves +€8,679
up €8,679 (+20.2%), from €43,014 to €51,693
of which Distributable reserves: +€8,679
- Financial charges +€4,692
up €4,692 (+69.0%), from €6,796 to €11,489
- Gross operating margin +€2,659
up €2,659 (+7.4%), from €35,898 to €38,557
- Other operating charges +€1,751
up €1,751 (+147.0%), from €1,191 to €2,942
- Taxes -€471
down €471 (-7.5%), from €6,288 to €5,816
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 | €295,970 | €280,202 | -€15,768 | -5.3% |
| Fixed assets | 21/28 | €245,471 | €233,696 | -€11,775 | -4.8% |
| Tangible fixed assets | 22/27 | €245,471 | €233,696 | -€11,775 | -4.8% |
| Land and buildings | 22 | €245,471 | €233,696 | -€11,775 | -4.8% |
| Current assets | 29/58 | €50,499 | €46,506 | -€3,993 | -7.9% |
| Amounts receivable within one year | 40/41 | €48,126 | €45,986 | -€2,139 | -4.4% |
| Trade receivables | 40 | €6,393 | €10,810 | +€4,417 | +69.1% |
| Other amounts receivable | 41 | €41,733 | €35,176 | -€6,557 | -15.7% |
| Cash at bank and in hand | 54/58 | €564 | €15 | -€549 | -97.3% |
| Deferred charges and accrued income | 490/1 | €1,809 | €505 | -€1,304 | -72.1% |
| Total equity and liabilities | 10/49 | €295,970 | €280,202 | -€15,768 | -5.3% |
| Equity | 10/15 | €130,230 | €138,909 | +€8,679 | +6.7% |
| Contributions | 10/11 | €54,600 | €54,600 | = | 0.0% |
| Reserves | 13 | €43,014 | €51,693 | +€8,679 | +20.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €41,154 | €49,833 | +€8,679 | +21.1% |
| Profit (loss) carried forward | 14 | €32,616 | €32,616 | = | 0.0% |
| Amounts payable | 17/49 | €165,740 | €141,293 | -€24,447 | -14.8% |
| Amounts payable after more than one year | 17 | €92,770 | €67,277 | -€25,493 | -27.5% |
| Financial debts | 170/4 | €92,770 | €67,277 | -€25,493 | -27.5% |
| Amounts payable within one year | 42/48 | €72,969 | €74,016 | +€1,046 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €24,956 | €34,492 | +€9,536 | +38.2% |
| Financial debts | 43 | - | €2,527 | +€2,527 | |
| Credit institutions | 430/8 | - | €2,527 | +€2,527 | |
| Trade debts | 44 | €22,323 | €10,550 | -€11,773 | -52.7% |
| Suppliers | 440/4 | €22,323 | €10,550 | -€11,773 | -52.7% |
| Advances received on contracts in progress | 46 | €2,716 | €2,716 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €22,974 | €23,731 | +€757 | +3.3% |
| Taxes | 450/3 | €20,228 | €23,731 | +€3,502 | +17.3% |
| Remuneration and social security | 454/9 | €2,745 | €0 | -€2,745 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,775 | €11,775 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,191 | €2,942 | +€1,751 | +147.0% |
| Gross operating margin | 9900 | €35,898 | €38,557 | +€2,659 | +7.4% |
| Operating profit (loss) | 9901 | €22,932 | €23,840 | +€908 | +4.0% |
| Financial income | 75/76B | €1,802 | €2,143 | +€341 | +18.9% |
| Recurring financial income | 75 | €1,802 | €2,143 | +€341 | +18.9% |
| Financial charges | 65/66B | €6,796 | €11,489 | +€4,692 | +69.0% |
| Recurring financial charges | 65 | €6,796 | €11,489 | +€4,692 | +69.0% |
| Profit (loss) for the period before taxes | 9903 | €17,938 | €14,495 | -€3,443 | -19.2% |
| Income taxes | 67/77 | €6,288 | €5,816 | -€471 | -7.5% |
| Profit (loss) for the period | 9904 | €11,651 | €8,679 | -€2,972 | -25.5% |
| Profit (loss) for the period to be appropriated | 9905 | €11,651 | €8,679 | -€2,972 | -25.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.