PORTHOUSE: 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.
PORTHOUSE
Largest movements
- Cash -€39,535
down €39,535 (-91.0%), from €43,436 to €3,901
mainly Advances received (-€98,500) and Short-term financial debts (-€71,905)
- Receivables within one year -€36,436
down €36,436 (-70.3%), from €51,826 to €15,390
of which Trade receivables: -€28,824
- Deferred charges and accrued income -€29,890
down €29,890 (-98.1%), from €30,484 to €594
- Tangible fixed assets -€1,628
down €1,628 (-11.5%), from €14,200 to €12,572
of which Plant, machinery and equipment: -€892
- Advances received -€98,500
no longer reported in 2024 (was €98,500)
- Short-term financial debts -€71,905
down €71,905 (-91.8%), from €78,325 to €6,420
- Profit (loss) carried forward +€39,729
up €39,729 (+14.3%), from -€278,467 to -€238,738
- Current portion of long-term debt +€35,726
up €35,726 (+667.8%), from €5,350 to €41,076
- Debts after one year -€29,062
down €29,062 (-14.3%), from €203,526 to €174,464
- Gross operating margin +€62,408
up €62,408, from -€6,971 to €55,437
- Financial charges +€4,816
up €4,816 (+60.0%), from €8,030 to €12,846
- Taxes -€4,801
no longer reported in 2024 (was €4,801)
- Staff costs -€1,216
no longer reported in 2024 (was €1,216)
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 | €139,946 | €32,457 | -€107,489 | -76.8% |
| Fixed assets | 21/28 | €14,200 | €12,572 | -€1,628 | -11.5% |
| Tangible fixed assets | 22/27 | €14,200 | €12,572 | -€1,628 | -11.5% |
| Land and buildings | 22 | €10,578 | €9,959 | -€619 | -5.9% |
| Plant, machinery and equipment | 23 | €1,776 | €884 | -€892 | -50.2% |
| Furniture and vehicles | 24 | €1,846 | €1,729 | -€117 | -6.3% |
| Current assets | 29/58 | €125,746 | €19,885 | -€105,861 | -84.2% |
| Amounts receivable within one year | 40/41 | €51,826 | €15,390 | -€36,436 | -70.3% |
| Trade receivables | 40 | €28,824 | - | -€28,824 | |
| Other amounts receivable | 41 | €23,002 | €15,390 | -€7,612 | -33.1% |
| Cash at bank and in hand | 54/58 | €43,436 | €3,901 | -€39,535 | -91.0% |
| Deferred charges and accrued income | 490/1 | €30,484 | €594 | -€29,890 | -98.1% |
| Total equity and liabilities | 10/49 | €139,946 | €32,457 | -€107,489 | -76.8% |
| Equity | 10/15 | -€264,391 | -€224,662 | +€39,729 | +15.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,676 | €1,676 | = | 0.0% |
| Distributable reserves | 133 | €1,676 | €1,676 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€278,467 | -€238,738 | +€39,729 | +14.3% |
| Amounts payable | 17/49 | €404,337 | €257,119 | -€147,218 | -36.4% |
| Amounts payable after more than one year | 17 | €203,526 | €174,464 | -€29,062 | -14.3% |
| Financial debts | 170/4 | €203,526 | €174,464 | -€29,062 | -14.3% |
| Amounts payable within one year | 42/48 | €200,811 | €82,655 | -€118,156 | -58.8% |
| Current portion of amounts payable after more than one year | 42 | €5,350 | €41,076 | +€35,726 | +667.8% |
| Financial debts | 43 | €78,325 | €6,420 | -€71,905 | -91.8% |
| Credit institutions | 430/8 | €78,325 | €6,420 | -€71,905 | -91.8% |
| Trade debts | 44 | €6,762 | €16,159 | +€9,397 | +139.0% |
| Suppliers | 440/4 | €6,762 | €16,159 | +€9,397 | +139.0% |
| Advances received on contracts in progress | 46 | €98,500 | - | -€98,500 | |
| Taxes, remuneration and social security | 45 | €9,811 | €18,331 | +€8,520 | +86.8% |
| Taxes | 450/3 | €5,810 | €18,123 | +€12,313 | +211.9% |
| Remuneration and social security | 454/9 | €4,001 | €208 | -€3,793 | -94.8% |
| Other amounts payable | 47/48 | €2,063 | €669 | -€1,394 | -67.6% |
| Remuneration, social security and pensions | 62 | €1,216 | - | -€1,216 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,863 | €1,629 | -€234 | -12.6% |
| Other operating charges | 640/8 | €2,168 | €1,624 | -€544 | -25.1% |
| Gross operating margin | 9900 | -€6,971 | €55,437 | +€62,408 | |
| Operating profit (loss) | 9901 | -€12,218 | €52,184 | +€64,402 | |
| Financial income | 75/76B | €394 | €391 | -€3 | -0.8% |
| Recurring financial income | 75 | €394 | €391 | -€3 | -0.8% |
| Financial charges | 65/66B | €8,030 | €12,846 | +€4,816 | +60.0% |
| Recurring financial charges | 65 | €8,030 | €12,846 | +€4,816 | +60.0% |
| Profit (loss) for the period before taxes | 9903 | -€19,854 | €39,729 | +€59,583 | |
| Income taxes | 67/77 | €4,801 | - | -€4,801 | |
| Profit (loss) for the period | 9904 | -€24,655 | €39,729 | +€64,384 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,655 | €39,729 | +€64,384 |
Source: filed annual accounts (NBB), financial 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.