ANTWERP PORT SERVICES: 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.
ANTWERP PORT SERVICES
Largest movements
- Cash -€71,225
down €71,225 (-28.0%), from €254,568 to €183,343
mainly Trade debts (-€141,665) and Contributions, distributions and other (-€60,625)
- Tangible fixed assets -€45,908
down €45,908 (-28.8%), from €159,432 to €113,523
of which Furniture and vehicles: -€41,292
- Receivables within one year +€32,454
up €32,454 (+2.6%), from €1.3m to €1.3m
of which Trade receivables: +€170,200
- Trade debts -€141,665
down €141,665 (-10.5%), from €1.3m to €1.2m
- Reserves +€60,000
up €60,000 (+40.3%), from €148,878 to €208,878
- Tax, wage and social debts +€26,046
up €26,046 (+631%), from €4,126 to €30,172
- Debts after one year -€25,781
down €25,781 (-60.4%), from €42,685 to €16,905
- Gross operating margin +€46,652
up €46,652 (+24.9%), from €187,466 to €234,119
- Taxes +€16,920
up €16,920 (+43.2%), from €39,126 to €56,046
- Depreciation +€4,418
up €4,418 (+9.9%), from €44,657 to €49,075
- Other operating charges -€3,940
down €3,940 (-61.5%), from €6,404 to €2,464
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 | €1,687,855 | €1,613,210 | -€74,644 | -4.4% |
| Fixed assets | 21/28 | €160,921 | €115,013 | -€45,908 | -28.5% |
| Tangible fixed assets | 22/27 | €159,432 | €113,523 | -€45,908 | -28.8% |
| Plant, machinery and equipment | 23 | €4,277 | €1,157 | -€3,120 | -72.9% |
| Furniture and vehicles | 24 | €150,672 | €109,380 | -€41,292 | -27.4% |
| Other tangible fixed assets | 26 | €4,482 | €2,986 | -€1,496 | -33.4% |
| Financial fixed assets | 28 | €1,490 | €1,490 | = | 0.0% |
| Current assets | 29/58 | €1,526,933 | €1,498,197 | -€28,736 | -1.9% |
| Amounts receivable within one year | 40/41 | €1,271,364 | €1,303,819 | +€32,454 | +2.6% |
| Trade receivables | 40 | €197,858 | €368,058 | +€170,200 | +86.0% |
| Other amounts receivable | 41 | €1,073,507 | €935,761 | -€137,746 | -12.8% |
| Cash at bank and in hand | 54/58 | €254,568 | €183,343 | -€71,225 | -28.0% |
| Deferred charges and accrued income | 490/1 | €1,001 | €11,036 | +€10,035 | +1,002% |
| Total equity and liabilities | 10/49 | €1,687,855 | €1,613,210 | -€74,644 | -4.4% |
| Equity | 10/15 | €158,905 | €218,905 | +€60,000 | +37.8% |
| Contributions | 10/11 | €10,028 | €10,028 | = | 0.0% |
| Reserves | 13 | €148,878 | €208,878 | +€60,000 | +40.3% |
| Distributable reserves | 133 | €148,878 | €208,878 | +€60,000 | +40.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,528,949 | €1,394,305 | -€134,644 | -8.8% |
| Amounts payable after more than one year | 17 | €42,685 | €16,905 | -€25,781 | -60.4% |
| Financial debts | 170/4 | €42,685 | €16,905 | -€25,781 | -60.4% |
| Amounts payable within one year | 42/48 | €1,486,264 | €1,377,400 | -€108,864 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €31,080 | €32,196 | +€1,116 | +3.6% |
| Trade debts | 44 | €1,345,603 | €1,203,938 | -€141,665 | -10.5% |
| Suppliers | 440/4 | €1,345,603 | €1,203,938 | -€141,665 | -10.5% |
| Taxes, remuneration and social security | 45 | €4,126 | €30,172 | +€26,046 | +631% |
| Taxes | 450/3 | €4,126 | €30,172 | +€26,046 | +631% |
| Other amounts payable | 47/48 | €105,454 | €111,093 | +€5,639 | +5.3% |
| Non-recurring operating income | 76A | €12,403 | €0 | -€12,403 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,657 | €49,075 | +€4,418 | +9.9% |
| Other operating charges | 640/8 | €6,404 | €2,464 | -€3,940 | -61.5% |
| Gross operating margin | 9900 | €187,466 | €234,119 | +€46,652 | +24.9% |
| Operating profit (loss) | 9901 | €136,405 | €182,579 | +€46,175 | +33.9% |
| Financial income | 75/76B | €173 | €62 | -€111 | -64.0% |
| Recurring financial income | 75 | €173 | €62 | -€111 | -64.0% |
| Financial charges | 65/66B | €6,730 | €5,970 | -€760 | -11.3% |
| Recurring financial charges | 65 | €6,730 | €5,970 | -€760 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €129,848 | €176,671 | +€46,824 | +36.1% |
| Income taxes | 67/77 | €39,126 | €56,046 | +€16,920 | +43.2% |
| Profit (loss) for the period | 9904 | €90,721 | €120,625 | +€29,904 | +33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €90,721 | €120,625 | +€29,904 | +33.0% |
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 28 October 2026 via checked.be.