DELT@PORC: 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.
DELT@PORC
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+115%), from €890,462 to €1.9m
of which Land and buildings: +€820,036
- Receivables within one year +€73,256
up €73,256 (+1,717%), from €4,266 to €77,522
of which Trade receivables: +€74,307
- Cash +€39,177
up €39,177 (+423%), from €9,254 to €48,430
mainly Contributions, distributions and other (+€1.2m) and Other debts (+€313,308)
- Deferred charges and accrued income -€22,840
down €22,840 (-59.8%), from €38,196 to €15,356
- Revaluation surpluses +€1.2m
new in 2025: €1.2m
- Other debts +€313,308
up €313,308 (+66.2%), from €473,229 to €786,538
- Trade debts -€270,375
down €270,375 (-22.3%), from €1.2m to €941,520
- Profit (loss) carried forward -€103,198
down €103,198 (-6.7%), from -€1.5m to -€1.6m
- Current portion of long-term debt -€31,834
down €31,834 (-96.2%), from €33,084 to €1,250
- Gross operating margin +€108,666
up €108,666, from -€5,296 to €103,370
- Depreciation -€26,987
down €26,987 (-14.7%), from €184,141 to €157,154
- Staff costs -€8,426
down €8,426 (-100%), from €8,426 to €0
- Financial charges +€2,230
up €2,230 (+8.3%), from €26,817 to €29,048
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 | €942,678 | €2,059,009 | +€1.1m | +118% |
| Fixed assets | 21/28 | €890,962 | €1,917,700 | +€1.0m | +115% |
| Tangible fixed assets | 22/27 | €890,462 | €1,917,200 | +€1.0m | +115% |
| Land and buildings | 22 | €855,346 | €1,675,382 | +€820,036 | +95.9% |
| Plant, machinery and equipment | 23 | €35,116 | €241,818 | +€206,702 | +589% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €51,716 | €141,309 | +€89,593 | +173% |
| Amounts receivable within one year | 40/41 | €4,266 | €77,522 | +€73,256 | +1,717% |
| Trade receivables | 40 | €3,215 | €77,522 | +€74,307 | +2,311% |
| Other amounts receivable | 41 | €1,051 | €0 | -€1,051 | -100% |
| Cash at bank and in hand | 54/58 | €9,254 | €48,430 | +€39,177 | +423% |
| Deferred charges and accrued income | 490/1 | €38,196 | €15,356 | -€22,840 | -59.8% |
| Total equity and liabilities | 10/49 | €942,678 | €2,059,009 | +€1.1m | +118% |
| Equity | 10/15 | -€983,174 | €97,520 | +€1.1m | |
| Contributions | 10/11 | €444,000 | €444,000 | = | 0.0% |
| Capital | 10 | €444,000 | €444,000 | = | 0.0% |
| Issued capital | 100 | €444,000 | €444,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €1,183,892 | +€1.2m | |
| Reserves | 13 | €104,981 | €104,981 | = | 0.0% |
| Non-distributable reserves | 130/1 | €44,400 | €44,400 | = | 0.0% |
| Legal reserve | 130 | €44,400 | €44,400 | = | 0.0% |
| Distributable reserves | 133 | €60,581 | €60,581 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,532,155 | -€1,635,353 | -€103,198 | -6.7% |
| Amounts payable | 17/49 | €1,925,852 | €1,961,489 | +€35,637 | +1.9% |
| Amounts payable after more than one year | 17 | €205,417 | €204,167 | -€1,250 | -0.6% |
| Financial debts | 170/4 | €205,417 | €204,167 | -€1,250 | -0.6% |
| Amounts payable within one year | 42/48 | €1,718,405 | €1,754,209 | +€35,805 | +2.1% |
| Current portion of amounts payable after more than one year | 42 | €33,084 | €1,250 | -€31,834 | -96.2% |
| Trade debts | 44 | €1,211,896 | €941,520 | -€270,375 | -22.3% |
| Suppliers | 440/4 | €1,211,896 | €941,520 | -€270,375 | -22.3% |
| Taxes, remuneration and social security | 45 | €196 | €24,901 | +€24,705 | +12,629% |
| Taxes | 450/3 | €27 | €24,901 | +€24,874 | +92,849% |
| Remuneration and social security | 454/9 | €169 | €0 | -€169 | -100% |
| Other amounts payable | 47/48 | €473,229 | €786,538 | +€313,308 | +66.2% |
| Accrued charges and deferred income | 492/3 | €2,030 | €3,113 | +€1,083 | +53.3% |
| Remuneration, social security and pensions | 62 | €8,426 | €0 | -€8,426 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184,141 | €157,154 | -€26,987 | -14.7% |
| Other operating charges | 640/8 | €20,012 | €21,003 | +€991 | +5.0% |
| Gross operating margin | 9900 | -€5,296 | €103,370 | +€108,666 | |
| Operating profit (loss) | 9901 | -€217,875 | -€74,787 | +€143,088 | +65.7% |
| Financial income | 75/76B | €181 | €636 | +€455 | +252% |
| Recurring financial income | 75 | €181 | €636 | +€455 | +252% |
| Financial charges | 65/66B | €26,817 | €29,048 | +€2,230 | +8.3% |
| Recurring financial charges | 65 | €26,817 | €29,048 | +€2,230 | +8.3% |
| Profit (loss) for the period before taxes | 9903 | -€244,511 | -€103,198 | +€141,313 | +57.8% |
| Profit (loss) for the period | 9904 | -€244,511 | -€103,198 | +€141,313 | +57.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€244,511 | -€103,198 | +€141,313 | +57.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.