PORFIRIUS: 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.
PORFIRIUS
Largest movements
- Tangible fixed assets -€62,394
down €62,394 (-7.4%), from €845,844 to €783,449
of which Land and buildings: -€48,727
- Receivables within one year -€59,695
down €59,695 (-55.4%), from €107,766 to €48,071
of which Trade receivables: -€59,695
- Stocks and contracts -€16,732
down €16,732 (-7.0%), from €239,740 to €223,008
- Trade debts -€166,490
down €166,490 (-91.7%), from €181,539 to €15,048
- Profit (loss) carried forward +€64,938
up €64,938, from -€47,496 to €17,442
- Tax, wage and social debts -€57,613
down €57,613 (-83.0%), from €69,384 to €11,771
- Other debts +€15,771
up €15,771 (+3.5%), from €446,797 to €462,567
- Write-downs -€99,923
down €99,923 (-83.0%), from €120,440 to €20,517
- Gross operating margin +€21,511
up €21,511 (+16.8%), from €127,790 to €149,302
- Taxes +€5,929
up €5,929, from -€48 to €5,881
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 | €1,405,567 | €1,260,067 | -€145,500 | -10.4% |
| Fixed assets | 21/28 | €1,045,844 | €983,449 | -€62,394 | -6.0% |
| Tangible fixed assets | 22/27 | €845,844 | €783,449 | -€62,394 | -7.4% |
| Land and buildings | 22 | €800,210 | €751,482 | -€48,727 | -6.1% |
| Plant, machinery and equipment | 23 | €2,620 | €1,886 | -€733 | -28.0% |
| Furniture and vehicles | 24 | €43,014 | €30,080 | -€12,934 | -30.1% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €359,723 | €276,617 | -€83,106 | -23.1% |
| Stocks and contracts in progress | 3 | €239,740 | €223,008 | -€16,732 | -7.0% |
| Stocks | 30/36 | €239,740 | €223,008 | -€16,732 | -7.0% |
| Amounts receivable within one year | 40/41 | €107,766 | €48,071 | -€59,695 | -55.4% |
| Trade receivables | 40 | €107,766 | €48,071 | -€59,695 | -55.4% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €12,217 | €4,234 | -€7,983 | -65.3% |
| Deferred charges and accrued income | 490/1 | €0 | €1,304 | +€1,304 | |
| Total equity and liabilities | 10/49 | €1,405,567 | €1,260,067 | -€145,500 | -10.4% |
| Equity | 10/15 | €102,504 | €167,442 | +€64,938 | +63.4% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,496 | €17,442 | +€64,938 | |
| Provisions and deferred taxes | 16 | €58,238 | €58,238 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €58,238 | €58,238 | = | 0.0% |
| Major repairs and maintenance | 162 | €58,238 | €58,238 | = | 0.0% |
| Amounts payable | 17/49 | €1,244,825 | €1,034,386 | -€210,439 | -16.9% |
| Amounts payable after more than one year | 17 | €545,000 | €545,000 | = | 0.0% |
| Other amounts payable | 178/9 | €545,000 | €545,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €697,719 | €489,386 | -€208,333 | -29.9% |
| Trade debts | 44 | €181,539 | €15,048 | -€166,490 | -91.7% |
| Suppliers | 440/4 | €181,539 | €15,048 | -€166,490 | -91.7% |
| Taxes, remuneration and social security | 45 | €69,384 | €11,771 | -€57,613 | -83.0% |
| Taxes | 450/3 | €69,384 | €11,771 | -€57,613 | -83.0% |
| Other amounts payable | 47/48 | €446,797 | €462,567 | +€15,771 | +3.5% |
| Accrued charges and deferred income | 492/3 | €2,106 | €0 | -€2,106 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,213 | €53,717 | -€497 | -0.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €120,440 | €20,517 | -€99,923 | -83.0% |
| Other operating charges | 640/8 | €3,406 | €3,392 | -€14 | -0.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €127,790 | €149,302 | +€21,511 | +16.8% |
| Operating profit (loss) | 9901 | -€50,270 | €71,675 | +€121,945 | |
| Financial income | 75/76B | €28 | €249 | +€221 | +801% |
| Recurring financial income | 75 | €28 | €249 | +€221 | +801% |
| Financial charges | 65/66B | €806 | €1,105 | +€299 | +37.1% |
| Recurring financial charges | 65 | €806 | €1,105 | +€299 | +37.1% |
| Profit (loss) for the period before taxes | 9903 | -€51,048 | €70,819 | +€121,867 | |
| Income taxes | 67/77 | -€48 | €5,881 | +€5,929 | |
| Profit (loss) for the period | 9904 | -€51,000 | €64,938 | +€115,938 | |
| Profit (loss) for the period to be appropriated | 9905 | -€51,000 | €64,938 | +€115,938 |
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 24 October 2026 via checked.be.