ALL PORTA: 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.
ALL PORTA
Largest movements
- Receivables within one year +€81,710
up €81,710 (+34.7%), from €235,707 to €317,417
of which Trade receivables: +€111,710
- Tangible fixed assets +€78,482
up €78,482 (+33.0%), from €237,776 to €316,258
of which Furniture and vehicles: +€86,665
- Cash +€32,842
up €32,842 (+52.5%), from €62,516 to €95,358
mainly Net result for the year (+€233,301) and Tax, wage and social debts (+€70,811)
- Reserves +€233,000
up €233,000 (+49.2%), from €473,616 to €706,616
- Debts after one year -€82,178
down €82,178 (-10.1%), from €817,361 to €735,183
of which Financial debts: -€43,585
- Tax, wage and social debts +€70,811
up €70,811 (+119%), from €59,481 to €130,292
- Trade debts -€24,562
down €24,562 (-94.1%), from €26,092 to €1,530
- Current portion of long-term debt -€19,059
down €19,059 (-21.8%), from €87,360 to €68,301
- Gross operating margin +€60,710
up €60,710 (+30.0%), from €202,296 to €263,007
- Financial income -€42,362
down €42,362 (-25.5%), from €165,957 to €123,595
- Taxes +€16,381
up €16,381 (+28.9%), from €56,645 to €73,026
- Other operating charges +€6,265
new in 2025: €6,265
- Depreciation +€4,099
up €4,099 (+10.7%), from €38,268 to €42,367
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 | €1,616,795 | €1,811,607 | +€194,812 | +12.0% |
| Fixed assets | 21/28 | €1,318,571 | €1,397,053 | +€78,482 | +6.0% |
| Tangible fixed assets | 22/27 | €237,776 | €316,258 | +€78,482 | +33.0% |
| Land and buildings | 22 | €131,988 | €123,805 | -€8,183 | -6.2% |
| Furniture and vehicles | 24 | €105,788 | €192,454 | +€86,665 | +81.9% |
| Financial fixed assets | 28 | €1,080,795 | €1,080,795 | = | 0.0% |
| Current assets | 29/58 | €298,223 | €414,553 | +€116,330 | +39.0% |
| Amounts receivable within one year | 40/41 | €235,707 | €317,417 | +€81,710 | +34.7% |
| Trade receivables | 40 | €149,750 | €261,460 | +€111,710 | +74.6% |
| Other amounts receivable | 41 | €85,957 | €55,957 | -€30,000 | -34.9% |
| Cash at bank and in hand | 54/58 | €62,516 | €95,358 | +€32,842 | +52.5% |
| Deferred charges and accrued income | 490/1 | - | €1,778 | +€1,778 | |
| Total equity and liabilities | 10/49 | €1,616,795 | €1,811,607 | +€194,812 | +12.0% |
| Equity | 10/15 | €543,778 | €777,079 | +€233,301 | +42.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €473,616 | €706,616 | +€233,000 | +49.2% |
| Distributable reserves | 133 | €473,616 | €706,616 | +€233,000 | +49.2% |
| Profit (loss) carried forward | 14 | €51,563 | €51,863 | +€301 | +0.6% |
| Amounts payable | 17/49 | €1,073,017 | €1,034,528 | -€38,489 | -3.6% |
| Amounts payable after more than one year | 17 | €817,361 | €735,183 | -€82,178 | -10.1% |
| Financial debts | 170/4 | €414,861 | €371,276 | -€43,585 | -10.5% |
| Other amounts payable | 178/9 | €402,500 | €363,907 | -€38,593 | -9.6% |
| Amounts payable within one year | 42/48 | €251,405 | €286,794 | +€35,389 | +14.1% |
| Current portion of amounts payable after more than one year | 42 | €87,360 | €68,301 | -€19,059 | -21.8% |
| Trade debts | 44 | €26,092 | €1,530 | -€24,562 | -94.1% |
| Suppliers | 440/4 | €26,092 | €1,530 | -€24,562 | -94.1% |
| Taxes, remuneration and social security | 45 | €59,481 | €130,292 | +€70,811 | +119% |
| Taxes | 450/3 | €59,481 | €130,292 | +€70,811 | +119% |
| Other amounts payable | 47/48 | €78,473 | €86,671 | +€8,198 | +10.4% |
| Accrued charges and deferred income | 492/3 | €4,250 | €12,550 | +€8,300 | +195% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,268 | €42,367 | +€4,099 | +10.7% |
| Other operating charges | 640/8 | - | €6,265 | +€6,265 | |
| Gross operating margin | 9900 | €202,296 | €263,007 | +€60,710 | +30.0% |
| Operating profit (loss) | 9901 | €164,029 | €214,375 | +€50,347 | +30.7% |
| Financial income | 75/76B | €165,957 | €123,595 | -€42,362 | -25.5% |
| Recurring financial income | 75 | €165,957 | €123,595 | -€42,362 | -25.5% |
| Financial charges | 65/66B | €28,306 | €31,643 | +€3,338 | +11.8% |
| Recurring financial charges | 65 | €28,306 | €31,643 | +€3,338 | +11.8% |
| Profit (loss) for the period before taxes | 9903 | €301,680 | €306,327 | +€4,647 | +1.5% |
| Income taxes | 67/77 | €56,645 | €73,026 | +€16,381 | +28.9% |
| Profit (loss) for the period | 9904 | €245,035 | €233,301 | -€11,734 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €245,035 | €233,301 | -€11,734 | -4.8% |
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 22 October 2026 via checked.be.