FLANDERS 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.
FLANDERS PORT SERVICES
Largest movements
- Receivables within one year +€66,355
up €66,355 (+14.2%), from €465,846 to €532,201
of which Trade receivables: +€54,245
- Tangible fixed assets -€27,121
down €27,121 (-78.0%), from €34,759 to €7,638
- Cash +€12,816
up €12,816 (+12.7%), from €100,646 to €113,462
mainly Net result for the year (+€68,565) and Depreciation (+€27,121)
- Reserves +€68,500
up €68,500 (+89.1%), from €76,860 to €145,360
of which Distributable reserves: +€68,500
- Tax, wage and social debts -€13,512
down €13,512 (-9.4%), from €143,547 to €130,035
- Taxes +€64,761
up €64,761 (+95.5%), from €67,793 to €132,554
- Gross operating margin -€19,643
down €19,643 (-8.6%), from €228,359 to €208,715
- Depreciation +€7,638
up €7,638 (+39.2%), from €19,483 to €27,121
- Financial income +€3,164
up €3,164 (+17.4%), from €18,166 to €21,329
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €604,012 | €662,511 | +€58,500 | +9.7% |
| Fixed assets | 21/28 | €37,519 | €16,848 | -€20,671 | -55.1% |
| Tangible fixed assets | 22/27 | €34,759 | €7,638 | -€27,121 | -78.0% |
| Furniture and vehicles | 24 | €34,759 | €7,638 | -€27,121 | -78.0% |
| Financial fixed assets | 28 | €2,760 | €9,210 | +€6,450 | +234% |
| Current assets | 29/58 | €566,492 | €645,663 | +€79,171 | +14.0% |
| Amounts receivable within one year | 40/41 | €465,846 | €532,201 | +€66,355 | +14.2% |
| Trade receivables | 40 | €122,201 | €176,446 | +€54,245 | +44.4% |
| Other amounts receivable | 41 | €343,645 | €355,755 | +€12,109 | +3.5% |
| Cash at bank and in hand | 54/58 | €100,646 | €113,462 | +€12,816 | +12.7% |
| Total equity and liabilities | 10/49 | €604,012 | €662,511 | +€58,500 | +9.7% |
| Equity | 10/15 | €424,698 | €493,262 | +€68,565 | +16.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €76,860 | €145,360 | +€68,500 | +89.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €75,000 | €143,500 | +€68,500 | +91.3% |
| Profit (loss) carried forward | 14 | €341,638 | €341,702 | +€65 | 0.0% |
| Provisions and deferred taxes | 16 | €15,000 | €15,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €15,000 | €15,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €15,000 | €15,000 | = | 0.0% |
| Amounts payable | 17/49 | €164,314 | €154,249 | -€10,065 | -6.1% |
| Amounts payable within one year | 42/48 | €164,314 | €154,249 | -€10,065 | -6.1% |
| Trade debts | 44 | €20,178 | €23,625 | +€3,447 | +17.1% |
| Suppliers | 440/4 | €20,178 | €23,625 | +€3,447 | +17.1% |
| Taxes, remuneration and social security | 45 | €143,547 | €130,035 | -€13,512 | -9.4% |
| Taxes | 450/3 | €143,547 | €130,035 | -€13,512 | -9.4% |
| Other amounts payable | 47/48 | €590 | €590 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,483 | €27,121 | +€7,638 | +39.2% |
| Other operating charges | 640/8 | €1,520 | €1,805 | +€285 | +18.7% |
| Non-recurring operating charges | 66A | €711 | €0 | -€711 | -100% |
| Gross operating margin | 9900 | €228,359 | €208,715 | -€19,643 | -8.6% |
| Operating profit (loss) | 9901 | €206,645 | €179,789 | -€26,856 | -13.0% |
| Financial income | 75/76B | €18,166 | €21,329 | +€3,164 | +17.4% |
| Recurring financial income | 75 | €18,166 | €21,329 | +€3,164 | +17.4% |
| Financial charges | 65/66B | €57 | €0 | -€57 | -100% |
| Recurring financial charges | 65 | €57 | €0 | -€57 | -100% |
| Profit (loss) for the period before taxes | 9903 | €224,754 | €201,119 | -€23,635 | -10.5% |
| Income taxes | 67/77 | €67,793 | €132,554 | +€64,761 | +95.5% |
| Profit (loss) for the period | 9904 | €156,961 | €68,565 | -€88,396 | -56.3% |
| Profit (loss) for the period to be appropriated | 9905 | €156,961 | €68,565 | -€88,396 | -56.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.