HARBOUR ACTIVITIES: 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.
HARBOUR ACTIVITIES
Largest movements
- Receivables within one year -€168,272
down €168,272 (-26.7%), from €631,321 to €463,048
of which Other amounts receivable: -€172,846
- Deferred charges and accrued income +€23,017
up €23,017 (+342%), from €6,728 to €29,745
- Cash +€18,247
up €18,247 (+2.9%), from €632,983 to €651,230
mainly Receivables within one year (+€168,272) and Net result for the year (+€111,657)
- Tax, wage and social debts -€147,595
down €147,595 (-43.9%), from €336,119 to €188,525
- Reserves -€57,723
down €57,723 (-6.2%), from €930,444 to €872,721
- Trade debts +€48,604
up €48,604 (+3,078%), from €1,579 to €50,183
- Advances received +€26,177
new in 2025: €26,177
- Financial income -€796,826
down €796,826 (-99.9%), from €797,554 to €728
- Taxes -€274,532
down €274,532 (-85.8%), from €320,111 to €45,579
- Gross operating margin -€193,802
down €193,802 (-50.8%), from €381,456 to €187,654
- Financial charges +€11,684
up €11,684 (+127%), from €9,174 to €20,858
- Staff costs -€7,072
down €7,072 (-56.4%), from €12,533 to €5,462
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 | €1,286,684 | €1,171,762 | -€114,922 | -8.9% |
| Fixed assets | 21/28 | €8,256 | €20,343 | +€12,087 | +146% |
| Intangible fixed assets | 21 | €7,668 | €12,945 | +€5,276 | +68.8% |
| Tangible fixed assets | 22/27 | €587 | €7,398 | +€6,811 | +1,160% |
| Plant, machinery and equipment | 23 | €587 | €151 | -€437 | -74.4% |
| Furniture and vehicles | 24 | - | €7,248 | +€7,248 | |
| Current assets | 29/58 | €1,278,428 | €1,151,419 | -€127,009 | -9.9% |
| Stocks and contracts in progress | 3 | €7,396 | €7,396 | = | 0.0% |
| Stocks | 30/36 | €7,396 | €7,396 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €631,321 | €463,048 | -€168,272 | -26.7% |
| Trade receivables | 40 | €8,454 | €13,028 | +€4,573 | +54.1% |
| Other amounts receivable | 41 | €622,867 | €450,021 | -€172,846 | -27.8% |
| Cash at bank and in hand | 54/58 | €632,983 | €651,230 | +€18,247 | +2.9% |
| Deferred charges and accrued income | 490/1 | €6,728 | €29,745 | +€23,017 | +342% |
| Total equity and liabilities | 10/49 | €1,286,684 | €1,171,762 | -€114,922 | -8.9% |
| Equity | 10/15 | €948,986 | €891,262 | -€57,723 | -6.1% |
| Contributions | 10/11 | €18,541 | €18,541 | = | 0.0% |
| Reserves | 13 | €930,444 | €872,721 | -€57,723 | -6.2% |
| Distributable reserves | 133 | €930,444 | €872,721 | -€57,723 | -6.2% |
| Amounts payable | 17/49 | €337,698 | €280,500 | -€57,198 | -16.9% |
| Amounts payable within one year | 42/48 | €337,698 | €269,656 | -€68,042 | -20.1% |
| Trade debts | 44 | €1,579 | €50,183 | +€48,604 | +3,078% |
| Suppliers | 440/4 | €1,579 | €50,183 | +€48,604 | +3,078% |
| Advances received on contracts in progress | 46 | - | €26,177 | +€26,177 | |
| Taxes, remuneration and social security | 45 | €336,119 | €188,525 | -€147,595 | -43.9% |
| Taxes | 450/3 | €336,119 | €188,525 | -€147,595 | -43.9% |
| Other amounts payable | 47/48 | - | €4,772 | +€4,772 | |
| Accrued charges and deferred income | 492/3 | - | €10,843 | +€10,843 | |
| Remuneration, social security and pensions | 62 | €12,533 | €5,462 | -€7,072 | -56.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €537 | €3,188 | +€2,651 | +493% |
| Other operating charges | 640/8 | €532 | €1,639 | +€1,107 | +208% |
| Gross operating margin | 9900 | €381,456 | €187,654 | -€193,802 | -50.8% |
| Operating profit (loss) | 9901 | €367,854 | €177,366 | -€190,488 | -51.8% |
| Financial income | 75/76B | €797,554 | €728 | -€796,826 | -99.9% |
| Recurring financial income | 75 | €797,554 | €728 | -€796,826 | -99.9% |
| Financial charges | 65/66B | €9,174 | €20,858 | +€11,684 | +127% |
| Recurring financial charges | 65 | €9,174 | €20,858 | +€11,684 | +127% |
| Profit (loss) for the period before taxes | 9903 | €1,156,234 | €157,236 | -€998,998 | -86.4% |
| Income taxes | 67/77 | €320,111 | €45,579 | -€274,532 | -85.8% |
| Profit (loss) for the period | 9904 | €836,124 | €111,657 | -€724,466 | -86.6% |
| Profit (loss) for the period to be appropriated | 9905 | €836,124 | €111,657 | -€724,466 | -86.6% |
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.