PROTECTOM: 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.
PROTECTOM
Largest movements
- Receivables within one year +€15,818
up €15,818 (+82.7%), from €19,136 to €34,954
of which Trade receivables: +€18,981
- Tangible fixed assets -€5,663
down €5,663 (-35.8%), from €15,817 to €10,154
of which Leasing and similar rights: -€4,542
- Cash -€3,144
down €3,144 (-45.1%), from €6,978 to €3,834
mainly Net result for the year (-€32,566) and Receivables within one year (-€15,818)
- Intangible fixed assets -€600
down €600 (-22.8%), from €2,629 to €2,029
- Trade debts +€34,595
up €34,595 (+214%), from €16,157 to €50,753
- Profit (loss) carried forward -€32,566
down €32,566, from €7,579 to -€24,987
- Other debts +€7,622
up €7,622 (+1,221%), from €624 to €8,246
- Debts after one year -€3,408
down €3,408 (-35.2%), from €9,691 to €6,282
- Gross operating margin -€32,860
down €32,860, from €11,564 to -€21,296
- Depreciation +€4,720
up €4,720 (+306%), from €1,542 to €6,263
- Taxes -€1,838
no longer reported in 2025 (was €1,838)
- Financial charges +€654
up €654 (+257%), from €255 to €909
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 | €45,246 | €51,657 | +€6,411 | +14.2% |
| Fixed assets | 21/28 | €18,446 | €12,183 | -€6,263 | -34.0% |
| Intangible fixed assets | 21 | €2,629 | €2,029 | -€600 | -22.8% |
| Tangible fixed assets | 22/27 | €15,817 | €10,154 | -€5,663 | -35.8% |
| Furniture and vehicles | 24 | €3,094 | €1,973 | -€1,121 | -36.2% |
| Leasing and similar rights | 25 | €12,722 | €8,181 | -€4,542 | -35.7% |
| Current assets | 29/58 | €26,800 | €39,474 | +€12,674 | +47.3% |
| Amounts receivable within one year | 40/41 | €19,136 | €34,954 | +€15,818 | +82.7% |
| Trade receivables | 40 | €12,136 | €31,117 | +€18,981 | +156% |
| Other amounts receivable | 41 | €7,000 | €3,837 | -€3,163 | -45.2% |
| Cash at bank and in hand | 54/58 | €6,978 | €3,834 | -€3,144 | -45.1% |
| Deferred charges and accrued income | 490/1 | €686 | €686 | = | 0.0% |
| Total equity and liabilities | 10/49 | €45,246 | €51,657 | +€6,411 | +14.2% |
| Equity | 10/15 | €12,579 | -€19,987 | -€32,566 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,579 | -€24,987 | -€32,566 | |
| Amounts payable | 17/49 | €32,667 | €71,644 | +€38,977 | +119% |
| Amounts payable after more than one year | 17 | €9,691 | €6,282 | -€3,408 | -35.2% |
| Financial debts | 170/4 | €9,691 | €6,282 | -€3,408 | -35.2% |
| Amounts payable within one year | 42/48 | €22,911 | €65,362 | +€42,451 | +185% |
| Current portion of amounts payable after more than one year | 42 | €3,175 | €3,408 | +€233 | +7.3% |
| Financial debts | 43 | €1,116 | €1,116 | = | 0.0% |
| Credit institutions | 430/8 | €1,116 | €1,116 | = | 0.0% |
| Trade debts | 44 | €16,157 | €50,753 | +€34,595 | +214% |
| Suppliers | 440/4 | €16,157 | €50,753 | +€34,595 | +214% |
| Taxes, remuneration and social security | 45 | €1,838 | €1,838 | = | 0.0% |
| Taxes | 450/3 | €1,838 | €1,838 | = | 0.0% |
| Other amounts payable | 47/48 | €624 | €8,246 | +€7,622 | +1,221% |
| Accrued charges and deferred income | 492/3 | €66 | - | -€66 | |
| Non-recurring operating income | 76A | - | €7,900 | +€7,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,542 | €6,263 | +€4,720 | +306% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | - | €3,699 | +€3,699 | |
| Gross operating margin | 9900 | €11,564 | -€21,296 | -€32,860 | |
| Operating profit (loss) | 9901 | €9,634 | -€31,657 | -€41,291 | |
| Financial income | 75/76B | €37 | - | -€37 | |
| Recurring financial income | 75 | €37 | - | -€37 | |
| Financial charges | 65/66B | €255 | €909 | +€654 | +257% |
| Recurring financial charges | 65 | €255 | €909 | +€654 | +257% |
| Profit (loss) for the period before taxes | 9903 | €9,417 | -€32,566 | -€41,983 | |
| Income taxes | 67/77 | €1,838 | - | -€1,838 | |
| Profit (loss) for the period | 9904 | €7,579 | -€32,566 | -€40,145 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,579 | -€32,566 | -€40,145 |
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 23 October 2026 via checked.be.