PorteQ: 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.
PorteQ
Largest movements
- Deferred charges and accrued income -€13,636
down €13,636 (-44.4%), from €30,735 to €17,098
- Receivables within one year +€12,679
up €12,679 (+31.0%), from €40,908 to €53,587
of which Trade receivables: +€12,134
- Cash +€8,987
up €8,987 (+148.4%), from €6,054 to €15,041
mainly Trade debts (+€14,845) and Deferred charges and accrued income (+€13,636)
- Stocks and contracts -€3,469
down €3,469 (-2.4%), from €143,651 to €140,182
- Tangible fixed assets -€2,828
down €2,828 (-15.5%), from €18,201 to €15,372
of which Leasing and similar rights: -€15,217
- Trade debts +€14,845
up €14,845 (+39.7%), from €37,426 to €52,271
- Reserves -€10,744
down €10,744 (-12.2%), from €88,157 to €77,413
- Debts after one year -€2,707
down €2,707 (-4.1%), from €66,020 to €63,313
- Staff costs +€19,310
up €19,310 (+21.0%), from €91,981 to €111,291
- Gross operating margin +€9,679
up €9,679 (+9.4%), from €102,941 to €112,619
- Financial charges +€2,186
up €2,186 (+33.9%), from €6,446 to €8,632
- Other operating charges -€1,194
down €1,194 (-56.6%), from €2,109 to €914
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.
Cash bridge derived
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 | €239,549 | €241,281 | +€1,732 | +0.7% |
| Fixed assets | 21/28 | €18,201 | €15,372 | -€2,828 | -15.5% |
| Tangible fixed assets | 22/27 | €18,201 | €15,372 | -€2,828 | -15.5% |
| Plant, machinery and equipment | 23 | €1,834 | €13,567 | +€11,733 | +639.6% |
| Furniture and vehicles | 24 | €1,149 | €1,805 | +€656 | +57.1% |
| Leasing and similar rights | 25 | €15,217 | - | -€15,217 | |
| Current assets | 29/58 | €221,348 | €225,909 | +€4,561 | +2.1% |
| Stocks and contracts in progress | 3 | €143,651 | €140,182 | -€3,469 | -2.4% |
| Stocks | 30/36 | €143,651 | €140,182 | -€3,469 | -2.4% |
| Amounts receivable within one year | 40/41 | €40,908 | €53,587 | +€12,679 | +31.0% |
| Trade receivables | 40 | €40,229 | €52,363 | +€12,134 | +30.2% |
| Other amounts receivable | 41 | €679 | €1,225 | +€545 | +80.3% |
| Cash at bank and in hand | 54/58 | €6,054 | €15,041 | +€8,987 | +148.4% |
| Deferred charges and accrued income | 490/1 | €30,735 | €17,098 | -€13,636 | -44.4% |
| Total equity and liabilities | 10/49 | €239,549 | €241,281 | +€1,732 | +0.7% |
| Equity | 10/15 | €108,157 | €97,413 | -€10,744 | -9.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €88,157 | €77,413 | -€10,744 | -12.2% |
| Distributable reserves | 133 | €88,157 | €77,413 | -€10,744 | -12.2% |
| Amounts payable | 17/49 | €131,392 | €143,868 | +€12,476 | +9.5% |
| Amounts payable after more than one year | 17 | €66,020 | €63,313 | -€2,707 | -4.1% |
| Financial debts | 170/4 | €66,020 | €63,313 | -€2,707 | -4.1% |
| Amounts payable within one year | 42/48 | €65,372 | €79,338 | +€13,966 | +21.4% |
| Current portion of amounts payable after more than one year | 42 | €2,589 | €2,707 | +€117 | +4.5% |
| Financial debts | 43 | - | €66 | +€66 | |
| Credit institutions | 430/8 | - | €66 | +€66 | |
| Trade debts | 44 | €37,426 | €52,271 | +€14,845 | +39.7% |
| Suppliers | 440/4 | €37,426 | €52,271 | +€14,845 | +39.7% |
| Taxes, remuneration and social security | 45 | €7,185 | €6,123 | -€1,062 | -14.8% |
| Taxes | 450/3 | €5,674 | €4,612 | -€1,062 | -18.7% |
| Remuneration and social security | 454/9 | €1,511 | €1,511 | = | 0.0% |
| Other amounts payable | 47/48 | €18,172 | €18,172 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €1,216 | +€1,216 | |
| Remuneration, social security and pensions | 62 | €91,981 | €111,291 | +€19,310 | +21.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,143 | €3,826 | -€317 | -7.6% |
| Other operating charges | 640/8 | €2,109 | €914 | -€1,194 | -56.6% |
| Gross operating margin | 9900 | €102,941 | €112,619 | +€9,679 | +9.4% |
| Operating profit (loss) | 9901 | €4,708 | -€3,413 | -€8,120 | |
| Financial income | 75/76B | €639 | €1,621 | +€982 | +153.6% |
| Recurring financial income | 75 | €639 | €1,621 | +€982 | +153.6% |
| Financial charges | 65/66B | €6,446 | €8,632 | +€2,186 | +33.9% |
| Recurring financial charges | 65 | €6,446 | €8,632 | +€2,186 | +33.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,099 | -€10,424 | -€9,324 | -848.1% |
| Income taxes | 67/77 | €1,024 | €320 | -€703 | -68.7% |
| Profit (loss) for the period | 9904 | -€2,123 | -€10,744 | -€8,621 | -406.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,123 | -€10,744 | -€8,621 | -406.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.