PORT HANDLING SERVICES: what changed
PORT HANDLING SERVICES
Largest movements
- Current investments +€232,223
new in 2025: €232,223
- Cash -€70,056
down €70,056 (-66.7%), from €105,076 to €35,020
mainly Current investments (-€232,223) and Contributions, distributions and other (-€207,900)
- Receivables within one year -€27,560
down €27,560 (-5.5%), from €503,151 to €475,591
of which Other amounts receivable: -€145,570
- Tangible fixed assets +€18,750
up €18,750 (+35.7%), from €52,499 to €71,248
of which Land and buildings: +€17,189
- Deferred charges and accrued income +€12,793
up €12,793 (+988%), from €1,295 to €14,088
- Trade debts -€147,738
down €147,738 (-73.0%), from €202,469 to €54,732
- Tax, wage and social debts +€132,992
up €132,992 (+267%), from €49,817 to €182,808
of which Taxes: +€123,292
- Reserves +€124,778
up €124,778 (+36.1%), from €345,304 to €470,082
of which Distributable reserves: +€124,778
- Short-term financial debts +€50,237
new in 2025: €50,237
- Gross operating margin +€352,621
up €352,621 (+144%), from €244,859 to €597,480
- Taxes +€126,756
up €126,756 (+191%), from €66,435 to €193,191
- Staff costs +€33,009
up €33,009 (+109%), from €30,167 to €63,176
- Financial income -€12,551
down €12,551 (-38.7%), from €32,394 to €19,843
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €696,721 | €852,471 | +€155,749 | +22.4% |
| Fixed assets | 21/28 | €87,199 | €95,548 | +€8,350 | +9.6% |
| Tangible fixed assets | 22/27 | €52,499 | €71,248 | +€18,750 | +35.7% |
| Land and buildings | 22 | €27,413 | €44,603 | +€17,189 | +62.7% |
| Plant, machinery and equipment | 23 | €5,755 | €10,801 | +€5,046 | +87.7% |
| Furniture and vehicles | 24 | €19,331 | €15,845 | -€3,486 | -18.0% |
| Financial fixed assets | 28 | €34,700 | €24,300 | -€10,400 | -30.0% |
| Current assets | 29/58 | €609,522 | €756,922 | +€147,400 | +24.2% |
| Amounts receivable within one year | 40/41 | €503,151 | €475,591 | -€27,560 | -5.5% |
| Trade receivables | 40 | €94,691 | €212,701 | +€118,010 | +125% |
| Other amounts receivable | 41 | €408,460 | €262,891 | -€145,570 | -35.6% |
| Current investments | 50/53 | - | €232,223 | +€232,223 | |
| Cash at bank and in hand | 54/58 | €105,076 | €35,020 | -€70,056 | -66.7% |
| Deferred charges and accrued income | 490/1 | €1,295 | €14,088 | +€12,793 | +988% |
| Total equity and liabilities | 10/49 | €696,721 | €852,471 | +€155,749 | +22.4% |
| Equity | 10/15 | €363,904 | €488,682 | +€124,778 | +34.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €345,304 | €470,082 | +€124,778 | +36.1% |
| 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 | €343,444 | €468,222 | +€124,778 | +36.3% |
| Amounts payable | 17/49 | €332,818 | €363,789 | +€30,971 | +9.3% |
| Amounts payable within one year | 42/48 | €332,818 | €362,777 | +€29,960 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €80,531 | €75,000 | -€5,531 | -6.9% |
| Financial debts | 43 | - | €50,237 | +€50,237 | |
| Credit institutions | 430/8 | - | €50,237 | +€50,237 | |
| Trade debts | 44 | €202,469 | €54,732 | -€147,738 | -73.0% |
| Suppliers | 440/4 | €202,469 | €54,732 | -€147,738 | -73.0% |
| Taxes, remuneration and social security | 45 | €49,817 | €182,808 | +€132,992 | +267% |
| Taxes | 450/3 | €49,453 | €172,745 | +€123,292 | +249% |
| Remuneration and social security | 454/9 | €364 | €10,064 | +€9,700 | +2,664% |
| Accrued charges and deferred income | 492/3 | - | €1,012 | +€1,012 | |
| Remuneration, social security and pensions | 62 | €30,167 | €63,176 | +€33,009 | +109% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,169 | €12,011 | +€842 | +7.5% |
| Other operating charges | 640/8 | €4,867 | €3,367 | -€1,500 | -30.8% |
| Non-recurring operating charges | 66A | - | €3,270 | +€3,270 | |
| Gross operating margin | 9900 | €244,859 | €597,480 | +€352,621 | +144% |
| Operating profit (loss) | 9901 | €198,656 | €515,656 | +€316,999 | +160% |
| Financial income | 75/76B | €32,394 | €19,843 | -€12,551 | -38.7% |
| Recurring financial income | 75 | €32,394 | €19,843 | -€12,551 | -38.7% |
| Financial charges | 65/66B | €8,440 | €9,630 | +€1,189 | +14.1% |
| Recurring financial charges | 65 | €8,440 | €9,630 | +€1,189 | +14.1% |
| Profit (loss) for the period before taxes | 9903 | €222,609 | €525,869 | +€303,259 | +136% |
| Income taxes | 67/77 | €66,435 | €193,191 | +€126,756 | +191% |
| Profit (loss) for the period | 9904 | €156,175 | €332,678 | +€176,503 | +113% |
| Profit (loss) for the period to be appropriated | 9905 | €156,175 | €332,678 | +€176,503 | +113% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.