PORTAPIVOT: 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.
PORTAPIVOT
Largest movements
- Receivables within one year +€862,310
up €862,310 (+281%), from €306,702 to €1.2m
of which Other amounts receivable: +€1.1m
- Cash -€403,027
down €403,027 (-69.5%), from €579,480 to €176,453
- Stocks and contracts +€90,166
up €90,166 (+18.2%), from €496,225 to €586,391
- Deferred charges and accrued income -€32,616
down €32,616 (-60.5%), from €53,948 to €21,332
- Tangible fixed assets -€21,687
down €21,687 (-37.2%), from €58,319 to €36,632
of which Plant, machinery and equipment: -€13,652
- Equity +€940,909
up €940,909 (+113%), from €835,430 to €1.8m
of which Profit (loss) carried forward: +€1.4m
- Other debts -€400,000
no longer reported in 2024 (was €400,000)
- Tax, wage and social debts +€103,000
new in 2024: €103,000
- Accrued charges and deferred income -€67,638
down €67,638 (-67.6%), from €100,130 to €32,492
- Debts after one year -€45,124
no longer reported in 2024 (was €45,124)
- Turnover +€2.8m
new in 2024: €2.8m
- Purchases and services +€2.2m
new in 2024: €2.2m
- Gross operating margin +€582,008
new in 2024: €582,008
- Depreciation +€89,363
new in 2024: €89,363
- Taxes +€86,000
new in 2024: €86,000
From the 2022 result to the 2024 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,646,698 | €2,138,102 | +€491,404 | +29.8% |
| Fixed assets | 21/28 | €210,343 | €184,914 | -€25,429 | -12.1% |
| Intangible fixed assets | 21 | €152,024 | €148,282 | -€3,742 | -2.5% |
| Tangible fixed assets | 22/27 | €58,319 | €36,632 | -€21,687 | -37.2% |
| Plant, machinery and equipment | 23 | €38,539 | €24,887 | -€13,652 | -35.4% |
| Furniture and vehicles | 24 | €1,161 | - | -€1,161 | |
| Leasing and similar rights | 25 | €18,619 | €11,745 | -€6,874 | -36.9% |
| Current assets | 29/58 | €1,436,355 | €1,953,188 | +€516,833 | +36.0% |
| Stocks and contracts in progress | 3 | €496,225 | €586,391 | +€90,166 | +18.2% |
| Stocks | 30/36 | €496,225 | €586,391 | +€90,166 | +18.2% |
| Amounts receivable within one year | 40/41 | €306,702 | €1,169,012 | +€862,310 | +281% |
| Trade receivables | 40 | €220,806 | €3,758 | -€217,048 | -98.3% |
| Other amounts receivable | 41 | €85,896 | €1,165,254 | +€1.1m | +1,257% |
| Cash at bank and in hand | 54/58 | €579,480 | €176,453 | -€403,027 | -69.5% |
| Deferred charges and accrued income | 490/1 | €53,948 | €21,332 | -€32,616 | -60.5% |
| Total equity and liabilities | 10/49 | €1,646,698 | €2,138,102 | +€491,404 | +29.8% |
| Equity | 10/15 | €835,430 | €1,776,339 | +€940,909 | +113% |
| Contributions | 10/11 | - | €10,623 | +€10,623 | |
| Reserves | 13 | €350,954 | €350,954 | = | 0.0% |
| Distributable reserves | 133 | €350,954 | €350,954 | = | 0.0% |
| Profit (loss) carried forward | 14 | €474 | €1,414,762 | +€1.4m | +298,466% |
| Amounts payable | 17/49 | €811,268 | €361,763 | -€449,505 | -55.4% |
| Amounts payable after more than one year | 17 | €45,124 | - | -€45,124 | |
| Financial debts | 170/4 | €45,124 | - | -€45,124 | |
| Amounts payable within one year | 42/48 | €666,014 | €329,271 | -€336,743 | -50.6% |
| Current portion of amounts payable after more than one year | 42 | €26,659 | €20,132 | -€6,527 | -24.5% |
| Trade debts | 44 | €228,240 | €206,139 | -€22,101 | -9.7% |
| Suppliers | 440/4 | €228,240 | €206,139 | -€22,101 | -9.7% |
| Advances received on contracts in progress | 46 | €11,115 | - | -€11,115 | |
| Taxes, remuneration and social security | 45 | - | €103,000 | +€103,000 | |
| Taxes | 450/3 | - | €103,000 | +€103,000 | |
| Other amounts payable | 47/48 | €400,000 | - | -€400,000 | |
| Accrued charges and deferred income | 492/3 | €100,130 | €32,492 | -€67,638 | -67.6% |
| Turnover | 70 | - | €2,821,444 | +€2.8m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €2,241,174 | +€2.2m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €89,363 | +€89,363 | |
| Other operating charges | 640/8 | - | €1,085 | +€1,085 | |
| Gross operating margin | 9900 | - | €582,008 | +€582,008 | |
| Operating profit (loss) | 9901 | - | €491,560 | +€491,560 | |
| Financial income | 75/76B | - | €15 | +€15 | |
| Recurring financial income | 75 | - | €15 | +€15 | |
| Financial charges | 65/66B | - | €25,285 | +€25,285 | |
| Recurring financial charges | 65 | - | €25,285 | +€25,285 | |
| Profit (loss) for the period before taxes | 9903 | - | €466,290 | +€466,290 | |
| Income taxes | 67/77 | - | €86,000 | +€86,000 | |
| Profit (loss) for the period | 9904 | - | €380,290 | +€380,290 | |
| Profit (loss) for the period to be appropriated | 9905 | - | €380,290 | +€380,290 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.