PORT2PORT: what changed
PORT2PORT
Largest movements
- Tangible fixed assets -€49,884
down €49,884 (-11.9%), from €418,285 to €368,401
of which Furniture and vehicles: -€32,843
- Cash -€37,921
down €37,921 (-53.1%), from €71,429 to €33,508
mainly Debts after one year (-€103,311) and Stocks and contracts (-€11,530)
- Receivables within one year -€34,598
down €34,598 (-88.5%), from €39,073 to €4,475
of which Other amounts receivable: -€37,094
- Stocks and contracts +€11,530
up €11,530 (+2.0%), from €562,616 to €574,146
- Debts after one year -€103,311
down €103,311 (-9.7%), from €1.1m to €965,150
of which Other amounts payable: -€102,935
- Gross operating margin -€52,728
down €52,728 (-50.4%), from €104,595 to €51,867
- Depreciation -€14,017
down €14,017 (-21.9%), from €63,901 to €49,884
- Other operating charges -€6,785
down €6,785 (-80.8%), from €8,399 to €1,614
- Financial income -€4,035
down €4,035 (-100%), from €4,035 to €0
- Financial charges +€1,096
up €1,096 (+240%), from €456 to €1,552
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 | €1,091,402 | €980,529 | -€110,873 | -10.2% |
| Fixed assets | 21/28 | €418,285 | €368,401 | -€49,884 | -11.9% |
| Tangible fixed assets | 22/27 | €418,285 | €368,401 | -€49,884 | -11.9% |
| Land and buildings | 22 | €311,153 | €311,153 | = | 0.0% |
| Plant, machinery and equipment | 23 | €39,699 | €22,657 | -€17,041 | -42.9% |
| Furniture and vehicles | 24 | €67,434 | €34,591 | -€32,843 | -48.7% |
| Current assets | 29/58 | €673,117 | €612,128 | -€60,989 | -9.1% |
| Stocks and contracts in progress | 3 | €562,616 | €574,146 | +€11,530 | +2.0% |
| Stocks | 30/36 | €562,616 | €574,146 | +€11,530 | +2.0% |
| Amounts receivable within one year | 40/41 | €39,073 | €4,475 | -€34,598 | -88.5% |
| Trade receivables | 40 | €1,077 | €3,573 | +€2,496 | +232% |
| Other amounts receivable | 41 | €37,996 | €902 | -€37,094 | -97.6% |
| Cash at bank and in hand | 54/58 | €71,429 | €33,508 | -€37,921 | -53.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,091,402 | €980,529 | -€110,873 | -10.2% |
| Equity | 10/15 | €17,506 | €10,407 | -€7,098 | -40.5% |
| Contributions | 10/11 | €142,000 | €142,000 | = | 0.0% |
| Capital | 10 | €142,000 | €142,000 | = | 0.0% |
| Issued capital | 100 | €142,000 | €142,000 | = | 0.0% |
| Reserves | 13 | €14,200 | €14,200 | = | 0.0% |
| Distributable reserves | 133 | €14,200 | €14,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€138,694 | -€145,793 | -€7,098 | -5.1% |
| Amounts payable | 17/49 | €1,073,896 | €970,121 | -€103,775 | -9.7% |
| Amounts payable after more than one year | 17 | €1,068,461 | €965,150 | -€103,311 | -9.7% |
| Financial debts | 170/4 | €721,286 | €720,911 | -€375 | -0.1% |
| Other amounts payable | 178/9 | €347,175 | €244,240 | -€102,935 | -29.6% |
| Amounts payable within one year | 42/48 | €5,435 | €4,925 | -€510 | -9.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €5,218 | €1,917 | -€3,301 | -63.3% |
| Suppliers | 440/4 | €5,218 | €1,917 | -€3,301 | -63.3% |
| Taxes, remuneration and social security | 45 | €217 | €3,009 | +€2,791 | +1,283% |
| Taxes | 450/3 | €217 | €3,009 | +€2,791 | +1,283% |
| Accrued charges and deferred income | 492/3 | - | €46 | +€46 | |
| Non-recurring operating income | 76A | €0 | €38,774 | +€38,774 | |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,901 | €49,884 | -€14,017 | -21.9% |
| Other operating charges | 640/8 | €8,399 | €1,614 | -€6,785 | -80.8% |
| Non-recurring operating charges | 66A | - | €5,715 | +€5,715 | |
| Gross operating margin | 9900 | €104,595 | €51,867 | -€52,728 | -50.4% |
| Operating profit (loss) | 9901 | €32,296 | -€5,346 | -€37,642 | |
| Financial income | 75/76B | €4,035 | €0 | -€4,035 | -100% |
| Recurring financial income | 75 | €4,035 | €0 | -€4,035 | -100% |
| Financial charges | 65/66B | €456 | €1,552 | +€1,096 | +240% |
| Recurring financial charges | 65 | €456 | €1,552 | +€1,096 | +240% |
| Profit (loss) for the period before taxes | 9903 | €35,874 | -€6,899 | -€42,773 | |
| Income taxes | 67/77 | €217 | €200 | -€18 | -8.1% |
| Profit (loss) for the period | 9904 | €35,657 | -€7,098 | -€42,755 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,657 | -€7,098 | -€42,755 |
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 1 November 2026 via checked.be.