Port: 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.
Port
Largest movements
- Stocks and contracts -€85,000
down €85,000 (-11.6%), from €735,895 to €650,895
- Cash +€51,589
up €51,589 (+328%), from €15,734 to €67,324
mainly Stocks and contracts (+€85,000) and Short-term financial debts (+€83,445)
- Receivables within one year -€47,219
down €47,219 (-6.4%), from €738,823 to €691,604
- Tangible fixed assets +€19,978
up €19,978 (+8.6%), from €233,320 to €253,297
of which Plant, machinery and equipment: +€13,853
- Deferred charges and accrued income -€19,178
down €19,178 (-88.3%), from €21,713 to €2,535
- Trade debts -€122,590
down €122,590 (-28.3%), from €432,876 to €310,287
- Short-term financial debts +€83,445
up €83,445 (+33.4%), from €249,994 to €333,439
- Debts after one year -€70,096
down €70,096 (-25.3%), from €276,557 to €206,461
- Other debts +€26,757
up €26,757 (+9.6%), from €277,961 to €304,718
- Gross operating margin +€307,457
up €307,457 (+104%), from €296,676 to €604,133
- Write-downs +€162,110
up €162,110 (+3,463,881%), from €5 to €162,114
- Staff costs +€49,711
up €49,711 (+25.6%), from €194,412 to €244,123
- Taxes +€41,874
up €41,874 (+1,104%), from €3,794 to €45,668
- Depreciation +€24,609
up €24,609 (+46.2%), from €53,292 to €77,901
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 | €1,782,197 | €1,701,767 | -€80,430 | -4.5% |
| Fixed assets | 21/28 | €270,032 | €289,410 | +€19,378 | +7.2% |
| Intangible fixed assets | 21 | €1,613 | €1,013 | -€600 | -37.2% |
| Tangible fixed assets | 22/27 | €233,320 | €253,297 | +€19,978 | +8.6% |
| Land and buildings | 22 | €130,944 | €124,439 | -€6,505 | -5.0% |
| Plant, machinery and equipment | 23 | €27,986 | €41,840 | +€13,853 | +49.5% |
| Furniture and vehicles | 24 | €74,390 | €87,019 | +€12,629 | +17.0% |
| Financial fixed assets | 28 | €35,100 | €35,100 | = | 0.0% |
| Current assets | 29/58 | €1,512,164 | €1,412,357 | -€99,807 | -6.6% |
| Stocks and contracts in progress | 3 | €735,895 | €650,895 | -€85,000 | -11.6% |
| Stocks | 30/36 | €735,895 | €650,895 | -€85,000 | -11.6% |
| Amounts receivable within one year | 40/41 | €738,823 | €691,604 | -€47,219 | -6.4% |
| Trade receivables | 40 | €738,823 | €691,604 | -€47,219 | -6.4% |
| Cash at bank and in hand | 54/58 | €15,734 | €67,324 | +€51,589 | +328% |
| Deferred charges and accrued income | 490/1 | €21,713 | €2,535 | -€19,178 | -88.3% |
| Total equity and liabilities | 10/49 | €1,782,197 | €1,701,767 | -€80,430 | -4.5% |
| Equity | 10/15 | €382,582 | €391,679 | +€9,098 | +2.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €363,982 | €373,079 | +€9,098 | +2.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €362,122 | €371,219 | +€9,098 | +2.5% |
| Amounts payable | 17/49 | €1,399,615 | €1,310,088 | -€89,527 | -6.4% |
| Amounts payable after more than one year | 17 | €276,557 | €206,461 | -€70,096 | -25.3% |
| Financial debts | 170/4 | €276,557 | €206,461 | -€70,096 | -25.3% |
| Amounts payable within one year | 42/48 | €1,123,058 | €1,103,627 | -€19,431 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €86,453 | €69,472 | -€16,981 | -19.6% |
| Financial debts | 43 | €249,994 | €333,439 | +€83,445 | +33.4% |
| Credit institutions | 430/8 | €249,994 | €333,439 | +€83,445 | +33.4% |
| Trade debts | 44 | €432,876 | €310,287 | -€122,590 | -28.3% |
| Suppliers | 440/4 | €432,876 | €310,287 | -€122,590 | -28.3% |
| Taxes, remuneration and social security | 45 | €75,773 | €85,712 | +€9,938 | +13.1% |
| Taxes | 450/3 | €44,407 | €30,741 | -€13,665 | -30.8% |
| Remuneration and social security | 454/9 | €31,367 | €54,970 | +€23,603 | +75.3% |
| Other amounts payable | 47/48 | €277,961 | €304,718 | +€26,757 | +9.6% |
| Remuneration, social security and pensions | 62 | €194,412 | €244,123 | +€49,711 | +25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,292 | €77,901 | +€24,609 | +46.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5 | €162,114 | +€162,110 | +3,463,881% |
| Other operating charges | 640/8 | €19,436 | €39,179 | +€19,743 | +102% |
| Non-recurring operating charges | 66A | - | €6,021 | +€6,021 | |
| Gross operating margin | 9900 | €296,676 | €604,133 | +€307,457 | +104% |
| Operating profit (loss) | 9901 | €29,531 | €74,795 | +€45,264 | +153% |
| Financial income | 75/76B | €305 | €331 | +€25 | +8.3% |
| Recurring financial income | 75 | €305 | €331 | +€25 | +8.3% |
| Financial charges | 65/66B | €23,246 | €20,360 | -€2,886 | -12.4% |
| Recurring financial charges | 65 | €23,246 | €19,840 | -€3,406 | -14.7% |
| Non-recurring financial charges | 66B | - | €520 | +€520 | |
| Profit (loss) for the period before taxes | 9903 | €6,590 | €54,766 | +€48,175 | +731% |
| Income taxes | 67/77 | €3,794 | €45,668 | +€41,874 | +1,104% |
| Profit (loss) for the period | 9904 | €2,796 | €9,098 | +€6,301 | +225% |
| Profit (loss) for the period to be appropriated | 9905 | €2,796 | €9,098 | +€6,301 | +225% |
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 17 October 2026 via checked.be.