PORCHER: 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.
PORCHER
Largest movements
- Cash -€66,826
down €66,826 (-65.0%), from €102,736 to €35,910
mainly Receivables within one year (-€44,310) and Other debts (-€36,785)
- Receivables within one year +€44,310
up €44,310 (+1,684%), from €2,631 to €46,941
- Tangible fixed assets -€5,961
down €5,961 (-44.1%), from €13,507 to €7,546
of which Furniture and vehicles: -€5,554
- Deferred charges and accrued income +€1,617
new in 2025: €1,617
- Other debts -€36,785
down €36,785 (-71.3%), from €51,591 to €14,806
- Trade debts +€9,562
up €9,562 (+37.9%), from €25,229 to €34,791
- Gross operating margin -€20,914
down €20,914 (-62.0%), from €33,740 to €12,826
- Other operating charges +€4,871
up €4,871 (+2,648%), from €184 to €5,055
- Depreciation -€4,135
down €4,135 (-41.0%), from €10,097 to €5,962
- Financial charges -€3,133
down €3,133 (-99.1%), from €3,161 to €28
of which Non-recurring financial charges: -€3,161
- Taxes -€2,611
down €2,611 (-50.4%), from €5,177 to €2,566
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 | €118,874 | €92,014 | -€26,860 | -22.6% |
| Fixed assets | 21/28 | €13,507 | €7,546 | -€5,961 | -44.1% |
| Tangible fixed assets | 22/27 | €13,507 | €7,546 | -€5,961 | -44.1% |
| Plant, machinery and equipment | 23 | €1,632 | €1,224 | -€408 | -25.0% |
| Furniture and vehicles | 24 | €11,875 | €6,321 | -€5,554 | -46.8% |
| Current assets | 29/58 | €105,367 | €84,468 | -€20,899 | -19.8% |
| Amounts receivable within one year | 40/41 | €2,631 | €46,941 | +€44,310 | +1,684% |
| Trade receivables | 40 | €2,631 | €46,941 | +€44,310 | +1,684% |
| Cash at bank and in hand | 54/58 | €102,736 | €35,910 | -€66,826 | -65.0% |
| Deferred charges and accrued income | 490/1 | - | €1,617 | +€1,617 | |
| Total equity and liabilities | 10/49 | €118,874 | €92,014 | -€26,860 | -22.6% |
| Equity | 10/15 | €35,954 | €35,462 | -€492 | -1.4% |
| Contributions | 10/11 | €18,592 | €18,592 | +€0 | 0.0% |
| Capital | 10 | €18,592 | - | -€18,592 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €19,763 | €19,763 | -€0 | 0.0% |
| Distributable reserves | 133 | €19,763 | €19,763 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€2,401 | -€2,893 | -€492 | -20.5% |
| Amounts payable | 17/49 | €82,920 | €56,552 | -€26,368 | -31.8% |
| Amounts payable within one year | 42/48 | €82,920 | €56,552 | -€26,368 | -31.8% |
| Trade debts | 44 | €25,229 | €34,791 | +€9,562 | +37.9% |
| Suppliers | 440/4 | €25,229 | €34,791 | +€9,562 | +37.9% |
| Taxes, remuneration and social security | 45 | €6,100 | €6,955 | +€855 | +14.0% |
| Taxes | 450/3 | €6,100 | €6,955 | +€855 | +14.0% |
| Other amounts payable | 47/48 | €51,591 | €14,806 | -€36,785 | -71.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,097 | €5,962 | -€4,135 | -41.0% |
| Other operating charges | 640/8 | €184 | €5,055 | +€4,871 | +2,648% |
| Gross operating margin | 9900 | €33,740 | €12,826 | -€20,914 | -62.0% |
| Operating profit (loss) | 9901 | €23,459 | €1,808 | -€21,651 | -92.3% |
| Financial income | 75/76B | - | €294 | +€294 | |
| Recurring financial income | 75 | - | €294 | +€294 | |
| Financial charges | 65/66B | €3,161 | €28 | -€3,133 | -99.1% |
| Recurring financial charges | 65 | €3,161 | €28 | -€3,133 | -99.1% |
| Non-recurring financial charges | 66B | €3,161 | - | -€3,161 | |
| Profit (loss) for the period before taxes | 9903 | €20,298 | €2,074 | -€18,224 | -89.8% |
| Income taxes | 67/77 | €5,177 | €2,566 | -€2,611 | -50.4% |
| Profit (loss) for the period | 9904 | €15,121 | -€492 | -€15,613 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,121 | -€492 | -€15,613 |
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 19 October 2026 via checked.be.