PORT@PP: 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@PP
Largest movements
- Cash -€20,536
down €20,536 (-20.7%), from €99,351 to €78,816
mainly Trade debts (-€14,525) and Other debts (-€10,000)
- Receivables within one year -€8,725
down €8,725 (-94.3%), from €9,252 to €527
of which Trade receivables: -€8,550
- Deferred charges and accrued income +€8,100
new in 2025: €8,100
- Trade debts -€14,525
down €14,525 (-84.6%), from €17,158 to €2,634
- Accrued charges and deferred income +€13,854
new in 2025: €13,854
- Other debts -€10,000
no longer reported in 2025 (was €10,000)
- Profit (loss) carried forward -€7,123
new in 2025: -€7,123
- Tax, wage and social debts -€3,367
down €3,367 (-40.7%), from €8,269 to €4,901
- Gross operating margin -€26,437
down €26,437, from €20,275 to -€6,162
- Taxes -€4,930
no longer reported in 2025 (was €4,930)
- Depreciation -€1,438
no longer reported in 2025 (was €1,438)
- Other operating charges +€452
up €452 (+383%), from €118 to €570
- Financial charges -€340
down €340 (-46.5%), from €732 to €392
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 | €108,604 | €87,443 | -€21,161 | -19.5% |
| Current assets | 29/58 | €108,604 | €87,443 | -€21,161 | -19.5% |
| Amounts receivable within one year | 40/41 | €9,252 | €527 | -€8,725 | -94.3% |
| Trade receivables | 40 | €8,550 | - | -€8,550 | |
| Other amounts receivable | 41 | €702 | €527 | -€175 | -25.0% |
| Cash at bank and in hand | 54/58 | €99,351 | €78,816 | -€20,536 | -20.7% |
| Deferred charges and accrued income | 490/1 | - | €8,100 | +€8,100 | |
| Total equity and liabilities | 10/49 | €108,604 | €87,443 | -€21,161 | -19.5% |
| Equity | 10/15 | €73,177 | €66,054 | -€7,123 | -9.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €11,177 | €11,177 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €4,977 | €4,977 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€7,123 | -€7,123 | |
| Amounts payable | 17/49 | €35,427 | €21,389 | -€14,038 | -39.6% |
| Amounts payable within one year | 42/48 | €35,427 | €7,535 | -€27,892 | -78.7% |
| Trade debts | 44 | €17,158 | €2,634 | -€14,525 | -84.6% |
| Suppliers | 440/4 | €17,158 | €2,634 | -€14,525 | -84.6% |
| Taxes, remuneration and social security | 45 | €8,269 | €4,901 | -€3,367 | -40.7% |
| Taxes | 450/3 | €8,269 | €4,901 | -€3,367 | -40.7% |
| Other amounts payable | 47/48 | €10,000 | - | -€10,000 | |
| Accrued charges and deferred income | 492/3 | - | €13,854 | +€13,854 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,438 | - | -€1,438 | |
| Other operating charges | 640/8 | €118 | €570 | +€452 | +383% |
| Gross operating margin | 9900 | €20,275 | -€6,162 | -€26,437 | |
| Operating profit (loss) | 9901 | €18,719 | -€6,732 | -€25,451 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €732 | €392 | -€340 | -46.5% |
| Recurring financial charges | 65 | €732 | €392 | -€340 | -46.5% |
| Profit (loss) for the period before taxes | 9903 | €17,987 | -€7,123 | -€25,110 | |
| Income taxes | 67/77 | €4,930 | - | -€4,930 | |
| Profit (loss) for the period | 9904 | €13,057 | -€7,123 | -€20,180 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,057 | -€7,123 | -€20,180 |
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 13 October 2026 via checked.be.