PORKABRE: 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.
PORKABRE
Largest movements
- Receivables within one year -€245,105
down €245,105 (-50.6%), from €484,572 to €239,467
of which Trade receivables: -€242,656
- Cash -€170,519
down €170,519 (-78.3%), from €217,778 to €47,259
mainly Trade debts (-€649,311) and Investment in fixed assets (net) (-€84,500)
- Stocks and contracts -€104,056
down €104,056 (-31.8%), from €327,656 to €223,600
of which Contracts in progress: -€87,701
- Tangible fixed assets -€52,395
down €52,395 (-8.3%), from €634,963 to €582,569
of which Furniture and vehicles: -€53,213
- Trade debts -€649,311
down €649,311 (-68.3%), from €950,326 to €301,015
- Profit (loss) carried forward +€106,443
no longer reported in 2025 (was -€106,443)
- Debts after one year -€56,217
down €56,217 (-10.4%), from €540,979 to €484,761
- Reserves +€46,169
up €46,169 (+6,314%), from €731 to €46,900
- Other debts -€25,757
down €25,757 (-12.4%), from €207,465 to €181,709
- Gross operating margin +€143,939
up €143,939 (+86.9%), from €165,670 to €309,609
- Depreciation +€24,471
up €24,471 (+21.8%), from €112,424 to €136,895
- Taxes +€6,275
new in 2025: €6,275
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 | €1,668,488 | €1,096,626 | -€571,862 | -34.3% |
| Fixed assets | 21/28 | €634,963 | €582,569 | -€52,395 | -8.3% |
| Tangible fixed assets | 22/27 | €634,963 | €582,569 | -€52,395 | -8.3% |
| Land and buildings | 22 | €292,466 | €273,536 | -€18,930 | -6.5% |
| Plant, machinery and equipment | 23 | €185,682 | €205,431 | +€19,748 | +10.6% |
| Furniture and vehicles | 24 | €156,815 | €103,602 | -€53,213 | -33.9% |
| Current assets | 29/58 | €1,033,524 | €514,058 | -€519,467 | -50.3% |
| Stocks and contracts in progress | 3 | €327,656 | €223,600 | -€104,056 | -31.8% |
| Stocks | 30/36 | €239,955 | €223,600 | -€16,355 | -6.8% |
| Contracts in progress | 37 | €87,701 | - | -€87,701 | |
| Amounts receivable within one year | 40/41 | €484,572 | €239,467 | -€245,105 | -50.6% |
| Trade receivables | 40 | €479,901 | €237,245 | -€242,656 | -50.6% |
| Other amounts receivable | 41 | €4,671 | €2,221 | -€2,450 | -52.4% |
| Cash at bank and in hand | 54/58 | €217,778 | €47,259 | -€170,519 | -78.3% |
| Deferred charges and accrued income | 490/1 | €3,518 | €3,732 | +€214 | +6.1% |
| Total equity and liabilities | 10/49 | €1,668,488 | €1,096,626 | -€571,862 | -34.3% |
| Equity | 10/15 | -€87,112 | €65,500 | +€152,612 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €731 | €46,900 | +€46,169 | +6,314% |
| Distributable reserves | 133 | €731 | €46,900 | +€46,169 | +6,314% |
| Profit (loss) carried forward | 14 | -€106,443 | - | +€106,443 | |
| Amounts payable | 17/49 | €1,755,599 | €1,031,126 | -€724,473 | -41.3% |
| Amounts payable after more than one year | 17 | €540,979 | €484,761 | -€56,217 | -10.4% |
| Financial debts | 170/4 | €540,979 | €484,761 | -€56,217 | -10.4% |
| Amounts payable within one year | 42/48 | €1,214,621 | €546,365 | -€668,256 | -55.0% |
| Current portion of amounts payable after more than one year | 42 | €55,803 | €56,217 | +€415 | +0.7% |
| Trade debts | 44 | €950,326 | €301,015 | -€649,311 | -68.3% |
| Suppliers | 440/4 | €950,326 | €301,015 | -€649,311 | -68.3% |
| Taxes, remuneration and social security | 45 | €1,027 | €7,423 | +€6,397 | +623% |
| Taxes | 450/3 | €1,027 | €7,423 | +€6,397 | +623% |
| Other amounts payable | 47/48 | €207,465 | €181,709 | -€25,757 | -12.4% |
| Non-recurring operating income | 76A | €2,303 | - | -€2,303 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,424 | €136,895 | +€24,471 | +21.8% |
| Other operating charges | 640/8 | €8,612 | €8,816 | +€203 | +2.4% |
| Gross operating margin | 9900 | €165,670 | €309,609 | +€143,939 | +86.9% |
| Operating profit (loss) | 9901 | €44,633 | €163,898 | +€119,265 | +267% |
| Financial income | 75/76B | €76 | €114 | +€37 | +49.3% |
| Recurring financial income | 75 | €76 | €114 | +€37 | +49.3% |
| Financial charges | 65/66B | €6,203 | €5,125 | -€1,078 | -17.4% |
| Recurring financial charges | 65 | €6,203 | €5,125 | -€1,078 | -17.4% |
| Profit (loss) for the period before taxes | 9903 | €38,506 | €158,887 | +€120,381 | +313% |
| Income taxes | 67/77 | - | €6,275 | +€6,275 | |
| Profit (loss) for the period | 9904 | €38,506 | €152,612 | +€114,106 | +296% |
| Profit (loss) for the period to be appropriated | 9905 | €38,506 | €152,612 | +€114,106 | +296% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.