PROTECTOR: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
PROTECTOR
Largest movements
- Cash +€8,519
up €8,519 (+3.9%), from €218,797 to €227,316
mainly Provisions (+€50,000) and Net result for the year (+€48,970)
- Other debts -€100,000
down €100,000 (-66.7%), from €149,944 to €49,944
- Provisions +€50,000
up €50,000 (+25.0%), from €200,000 to €250,000
- Profit (loss) carried forward +€48,970
up €48,970 (+12.4%), from -€393,886 to -€344,915
- Trade debts +€9,559
up €9,559 (+99.3%), from €9,630 to €19,189
- Taxes -€54,809
down €54,809 (-100%), from €54,809 to €0
- Provisions +€50,000
new in 2025: €50,000
- Gross operating margin -€10,710
down €10,710 (-8.5%), from €126,267 to €115,557
- Financial charges -€1,549
down €1,549 (-20.3%), from €7,623 to €6,074
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €368,849 | €377,378 | +€8,529 | +2.3% |
| Fixed assets | 21/28 | €148,736 | €148,736 | = | 0.0% |
| Tangible fixed assets | 22/27 | €148,736 | €148,736 | = | 0.0% |
| Land and buildings | 22 | €148,736 | €148,736 | = | 0.0% |
| Current assets | 29/58 | €220,113 | €228,642 | +€8,529 | +3.9% |
| Cash at bank and in hand | 54/58 | €218,797 | €227,316 | +€8,519 | +3.9% |
| Deferred charges and accrued income | 490/1 | €1,316 | €1,326 | +€10 | +0.8% |
| Total equity and liabilities | 10/49 | €368,849 | €377,378 | +€8,529 | +2.3% |
| Equity | 10/15 | €9,275 | €58,245 | +€48,970 | +528% |
| Contributions | 10/11 | €275,000 | €275,000 | = | 0.0% |
| Capital | 10 | €275,000 | €275,000 | = | 0.0% |
| Issued capital | 100 | €275,000 | €275,000 | = | 0.0% |
| Revaluation surpluses | 12 | €122,011 | €122,011 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€393,886 | -€344,915 | +€48,970 | +12.4% |
| Provisions and deferred taxes | 16 | €200,000 | €250,000 | +€50,000 | +25.0% |
| Provisions for liabilities and charges | 160/5 | €200,000 | €250,000 | +€50,000 | +25.0% |
| Environmental obligations | 163 | €200,000 | €250,000 | +€50,000 | +25.0% |
| Amounts payable | 17/49 | €159,574 | €69,133 | -€90,441 | -56.7% |
| Amounts payable within one year | 42/48 | €159,574 | €69,133 | -€90,441 | -56.7% |
| Trade debts | 44 | €9,630 | €19,189 | +€9,559 | +99.3% |
| Suppliers | 440/4 | €9,630 | €19,189 | +€9,559 | +99.3% |
| Other amounts payable | 47/48 | €149,944 | €49,944 | -€100,000 | -66.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €50,000 | +€50,000 | |
| Other operating charges | 640/8 | €10,497 | €10,513 | +€16 | +0.1% |
| Non-recurring operating charges | 66A | €50,000 | - | -€50,000 | |
| Gross operating margin | 9900 | €126,267 | €115,557 | -€10,710 | -8.5% |
| Operating profit (loss) | 9901 | €65,770 | €55,044 | -€10,725 | -16.3% |
| Financial charges | 65/66B | €7,623 | €6,074 | -€1,549 | -20.3% |
| Recurring financial charges | 65 | €7,623 | €6,074 | -€1,549 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €58,146 | €48,970 | -€9,176 | -15.8% |
| Income taxes | 67/77 | €54,809 | €0 | -€54,809 | -100% |
| Profit (loss) for the period | 9904 | €3,338 | €48,970 | +€45,633 | +1,367% |
| Profit (loss) for the period to be appropriated | 9905 | €3,338 | €48,970 | +€45,633 | +1,367% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.