Port Tech: what changed
Two fiscal 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 Tech
Largest movements
- Receivables within one year -€217,960
down €217,960 (-17.5%), from €1.2m to €1.0m
of which Trade receivables: -€209,422
- Cash -€204,499
down €204,499 (-89.7%), from €228,086 to €23,587
mainly Trade debts (-€333,375) and Stocks and contracts (-€188,483)
- Stocks and contracts +€188,483
up €188,483 (+608.0%), from €31,000 to €219,483
- Formation expenses +€68,644
new in 2024: €68,644
- Trade debts -€333,375
down €333,375 (-51.0%), from €653,799 to €320,424
- Other debts +€156,729
up €156,729 (+48.1%), from €325,666 to €482,395
- Current portion of long-term debt +€42,237
up €42,237 (+64.7%), from €65,324 to €107,562
- Debts after one year -€33,928
down €33,928 (-17.7%), from €191,307 to €157,379
- Tax, wage and social debts -€25,177
down €25,177 (-14.7%), from €170,727 to €145,550
of which Taxes: -€56,805
- Staff costs +€142,457
up €142,457 (+21.7%), from €655,741 to €798,199
- Other operating charges -€22,735
down €22,735 (-70.5%), from €32,270 to €9,536
- Gross operating margin +€21,945
up €21,945 (+2.7%), from €805,947 to €827,892
- Taxes -€17,098
down €17,098 (-100.0%), from €17,098 to €0
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.
Cash bridge derived
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 | €1,660,750 | €1,477,042 | -€183,707 | -11.1% |
| Formation expenses | 20 | - | €68,644 | +€68,644 | |
| Fixed assets | 21/28 | €150,552 | €132,134 | -€18,418 | -12.2% |
| Intangible fixed assets | 21 | €26,851 | €24,174 | -€2,677 | -10.0% |
| Tangible fixed assets | 22/27 | €123,701 | €107,960 | -€15,741 | -12.7% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €53,254 | €48,377 | -€4,877 | -9.2% |
| Furniture and vehicles | 24 | €70,447 | €59,583 | -€10,864 | -15.4% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €1,510,198 | €1,276,265 | -€233,933 | -15.5% |
| Stocks and contracts in progress | 3 | €31,000 | €219,483 | +€188,483 | +608.0% |
| Stocks | 30/36 | €31,000 | €219,483 | +€188,483 | +608.0% |
| Amounts receivable within one year | 40/41 | €1,245,538 | €1,027,578 | -€217,960 | -17.5% |
| Trade receivables | 40 | €1,110,344 | €900,922 | -€209,422 | -18.9% |
| Other amounts receivable | 41 | €135,194 | €126,655 | -€8,539 | -6.3% |
| Cash at bank and in hand | 54/58 | €228,086 | €23,587 | -€204,499 | -89.7% |
| Deferred charges and accrued income | 490/1 | €5,574 | €5,617 | +€43 | +0.8% |
| Total equity and liabilities | 10/49 | €1,660,750 | €1,477,042 | -€183,707 | -11.1% |
| Equity | 10/15 | €252,232 | €255,251 | +€3,019 | +1.2% |
| Contributions | 10/11 | €223,510 | €223,510 | = | 0.0% |
| Reserves | 13 | €74 | €74 | = | 0.0% |
| Distributable reserves | 133 | €74 | €74 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,648 | €31,667 | +€3,019 | +10.5% |
| Amounts payable | 17/49 | €1,408,518 | €1,221,791 | -€186,727 | -13.3% |
| Amounts payable after more than one year | 17 | €191,307 | €157,379 | -€33,928 | -17.7% |
| Financial debts | 170/4 | €191,307 | €157,379 | -€33,928 | -17.7% |
| Amounts payable within one year | 42/48 | €1,215,518 | €1,055,945 | -€159,573 | -13.1% |
| Current portion of amounts payable after more than one year | 42 | €65,324 | €107,562 | +€42,237 | +64.7% |
| Financial debts | 43 | €1 | €14 | +€13 | +1296.0% |
| Credit institutions | 430/8 | €1 | €14 | +€13 | +1296.0% |
| Trade debts | 44 | €653,799 | €320,424 | -€333,375 | -51.0% |
| Suppliers | 440/4 | €653,799 | €320,424 | -€333,375 | -51.0% |
| Taxes, remuneration and social security | 45 | €170,727 | €145,550 | -€25,177 | -14.7% |
| Taxes | 450/3 | €79,320 | €22,515 | -€56,805 | -71.6% |
| Remuneration and social security | 454/9 | €91,407 | €123,034 | +€31,627 | +34.6% |
| Other amounts payable | 47/48 | €325,666 | €482,395 | +€156,729 | +48.1% |
| Accrued charges and deferred income | 492/3 | €1,693 | €8,467 | +€6,774 | +400.2% |
| Remuneration, social security and pensions | 62 | €655,741 | €798,199 | +€142,457 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,758 | €51,042 | +€5,283 | +11.5% |
| Other operating charges | 640/8 | €32,270 | €9,536 | -€22,735 | -70.5% |
| Operating charges capitalised as restructuring costs | 649 | - | -€77,014 | -€77,014 | |
| Non-recurring operating charges | 66A | €1,822 | €27,486 | +€25,665 | +1408.8% |
| Gross operating margin | 9900 | €805,947 | €827,892 | +€21,945 | +2.7% |
| Operating profit (loss) | 9901 | €70,355 | €18,644 | -€51,711 | -73.5% |
| Financial income | 75/76B | €1,100 | €5,376 | +€4,276 | +388.6% |
| Recurring financial income | 75 | €1,100 | €5,376 | +€4,276 | +388.6% |
| Financial charges | 65/66B | €16,770 | €21,000 | +€4,231 | +25.2% |
| Recurring financial charges | 65 | €16,770 | €21,000 | +€4,231 | +25.2% |
| Profit (loss) for the period before taxes | 9903 | €54,686 | €3,019 | -€51,666 | -94.5% |
| Income taxes | 67/77 | €17,098 | €0 | -€17,098 | -100.0% |
| Profit (loss) for the period | 9904 | €37,587 | €3,019 | -€34,568 | -92.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,587 | €3,019 | -€34,568 | -92.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.