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.
What changed
PORC@
NACE 01.500, Mixed farming
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€171,266
2024 · €385,344-€214,078
Equity
€1.7m
2024 · €1.5m+€171,266
Cash
€78,049
2024 · €93,024-€14,975
Balance sheet total
€5.6m
2024 · €5.9m-€265,288
Largest movements
Assets
- Tangible fixed assets -€297,001
down €297,001 (-7.2%), from €4.1m to €3.8m
of which Land and buildings: -€314,203
- Receivables within one year +€97,814
up €97,814 (+60.8%), from €160,846 to €258,660
of which Other amounts receivable: +€78,824
Equity and liabilities
- Debts after one year -€503,861
down €503,861 (-20.6%), from €2.4m to €1.9m
of which Financial debts: -€383,672
- Profit (loss) carried forward +€106,046
no longer reported in 2025 (was -€106,046)
- Reserves +€65,220
up €65,220 (+13.1%), from €498,920 to €564,140
of which Non-distributable reserves: +€92,423
Income statement
- Gross operating margin -€156,329
down €156,329 (-12.3%), from €1.3m to €1.1m
- Taxes +€70,524
up €70,524 (+1,137%), from €6,201 to €76,725
- Staff costs +€13,917
up €13,917 (+3.1%), from €452,738 to €466,655
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.
Result 2024
€385,344
Gross operating margin
-€156,329
Staff costs
-€13,917
Depreciation
+€9,819
Other operating charges
+€5,353
Financial income
-€347
Financial charges
+€11,867
Taxes
-€70,524
Result 2025
€171,266
raises the resultlowers the result
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.
From operations
+€525,805
Investment
-€29,185
Financing
-€511,596
Cash 2024
€93,024
From operations (derived)
+€525,805
Net result for the year
+€171,266
Depreciation
+€326,185
Stocks and contracts
+€50,551
Receivables within one year
-€97,814
Smaller working-capital items
+€652
Provisions
-€12,406
Trade debts
+€39,370
Tax, wage and social debts
+€3,540
Accrued charges and deferred income
+€44,462
Investment (derived)
-€29,185
Investment in fixed assets (net)
-€29,185
Financing
-€511,596
Debts after one year
-€503,861
Current portion of long-term debt
-€7,736
Cash 2025
€78,049
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,907,941 | €5,642,653 | -€265,288 | -4.5% |
| Fixed assets | 21/28 | €4,142,877 | €3,845,876 | -€297,001 | -7.2% |
| Tangible fixed assets | 22/27 | €4,142,627 | €3,845,626 | -€297,001 | -7.2% |
| Land and buildings | 22 | €4,097,883 | €3,783,680 | -€314,203 | -7.7% |
| Plant, machinery and equipment | 23 | €44,744 | €61,946 | +€17,202 | +38.4% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €1,765,064 | €1,796,777 | +€31,713 | +1.8% |
| Stocks and contracts in progress | 3 | €1,490,752 | €1,440,202 | -€50,551 | -3.4% |
| Stocks | 30/36 | €1,490,752 | €1,440,202 | -€50,551 | -3.4% |
| Amounts receivable within one year | 40/41 | €160,846 | €258,660 | +€97,814 | +60.8% |
| Trade receivables | 40 | €156,934 | €175,923 | +€18,990 | +12.1% |
| Other amounts receivable | 41 | €3,912 | €82,737 | +€78,824 | +2,015% |
| Cash at bank and in hand | 54/58 | €93,024 | €78,049 | -€14,975 | -16.1% |
| Deferred charges and accrued income | 490/1 | €20,441 | €19,866 | -€575 | -2.8% |
| Total equity and liabilities | 10/49 | €5,907,941 | €5,642,653 | -€265,288 | -4.5% |
| Equity | 10/15 | €1,517,874 | €1,689,140 | +€171,266 | +11.3% |
| Contributions | 10/11 | €1,125,000 | €1,125,000 | = | 0.0% |
| Capital | 10 | €1,125,000 | €1,125,000 | = | 0.0% |
| Issued capital | 100 | €1,125,000 | €1,125,000 | = | 0.0% |
| Reserves | 13 | €498,920 | €564,140 | +€65,220 | +13.1% |
| Non-distributable reserves | 130/1 | €20,077 | €112,500 | +€92,423 | +460% |
| Legal reserve | 130 | €20,077 | €112,500 | +€92,423 | +460% |
| Tax-exempt reserves | 132 | €478,843 | €441,626 | -€37,217 | -7.8% |
| Distributable reserves | 133 | - | €10,014 | +€10,014 | |
| Profit (loss) carried forward | 14 | -€106,046 | - | +€106,046 | |
| Provisions and deferred taxes | 16 | €159,614 | €147,209 | -€12,406 | -7.8% |
| Deferred taxes | 168 | €159,614 | €147,209 | -€12,406 | -7.8% |
| Amounts payable | 17/49 | €4,230,453 | €3,806,304 | -€424,148 | -10.0% |
| Amounts payable after more than one year | 17 | €2,447,324 | €1,943,463 | -€503,861 | -20.6% |
| Financial debts | 170/4 | €1,784,985 | €1,401,313 | -€383,672 | -21.5% |
| Other amounts payable | 178/9 | €662,338 | €542,150 | -€120,189 | -18.1% |
| Amounts payable within one year | 42/48 | €1,759,824 | €1,795,075 | +€35,251 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €586,596 | €578,861 | -€7,736 | -1.3% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €893,871 | €933,240 | +€39,370 | +4.4% |
| Suppliers | 440/4 | €893,871 | €933,240 | +€39,370 | +4.4% |
| Taxes, remuneration and social security | 45 | €77,841 | €81,381 | +€3,540 | +4.5% |
| Taxes | 450/3 | €12,464 | €10,041 | -€2,423 | -19.4% |
| Remuneration and social security | 454/9 | €65,377 | €71,340 | +€5,963 | +9.1% |
| Other amounts payable | 47/48 | €1,516 | €1,593 | +€77 | +5.1% |
| Accrued charges and deferred income | 492/3 | €23,305 | €67,767 | +€44,462 | +191% |
| Non-recurring operating income | 76A | - | €300 | +€300 | |
| Remuneration, social security and pensions | 62 | €452,738 | €466,655 | +€13,917 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €336,004 | €326,185 | -€9,819 | -2.9% |
| Other operating charges | 640/8 | €37,308 | €31,956 | -€5,353 | -14.3% |
| Gross operating margin | 9900 | €1,268,927 | €1,112,598 | -€156,329 | -12.3% |
| Operating profit (loss) | 9901 | €442,877 | €287,803 | -€155,075 | -35.0% |
| Financial income | 75/76B | €347 | - | -€347 | |
| Recurring financial income | 75 | €347 | - | -€347 | |
| Financial charges | 65/66B | €64,084 | €52,217 | -€11,867 | -18.5% |
| Recurring financial charges | 65 | €64,084 | €52,217 | -€11,867 | -18.5% |
| Profit (loss) for the period before taxes | 9903 | €379,140 | €235,586 | -€143,554 | -37.9% |
| Transfer from deferred taxes | 780 | €12,406 | €12,406 | = | 0.0% |
| Income taxes | 67/77 | €6,201 | €76,725 | +€70,524 | +1,137% |
| Profit (loss) for the period | 9904 | €385,344 | €171,266 | -€214,078 | -55.6% |
| Transfer from tax-exempt reserves | 789 | €37,217 | €37,217 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €422,561 | €208,483 | -€214,078 | -50.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.