PORTUS: 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.
PORTUS
Largest movements
- Tangible fixed assets +€107,525
up €107,525 (+167%), from €64,407 to €171,933
of which Land and buildings: +€98,989
- Cash +€88,661
up €88,661 (+22.5%), from €394,199 to €482,860
mainly Net result for the year (+€220,391) and Trade debts (+€46,394)
- Receivables within one year -€12,713
down €12,713 (-23.6%), from €53,786 to €41,072
of which Trade receivables: -€32,574
- Reserves +€189,949
up €189,949 (+64.8%), from €293,056 to €483,005
- Trade debts +€46,394
up €46,394 (+103%), from €45,120 to €91,514
- Tax, wage and social debts -€43,597
down €43,597 (-66.5%), from €65,603 to €22,007
of which Taxes: -€42,426
- Debts after one year -€7,784
down €7,784 (-25.4%), from €30,644 to €22,860
- Gross operating margin +€344,521
up €344,521 (+288%), from €119,430 to €463,951
- Taxes +€92,301
up €92,301 (+1,247%), from €7,403 to €99,704
- Staff costs +€30,507
up €30,507 (+38.6%), from €79,121 to €109,628
- Depreciation +€5,548
up €5,548 (+23.7%), from €23,446 to €28,995
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.
Derived cash bridge
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 | €519,820 | €700,975 | +€181,156 | +34.8% |
| Fixed assets | 21/28 | €70,885 | €176,093 | +€105,207 | +148% |
| Intangible fixed assets | 21 | €6,478 | €4,160 | -€2,318 | -35.8% |
| Tangible fixed assets | 22/27 | €64,407 | €171,933 | +€107,525 | +167% |
| Land and buildings | 22 | €4,911 | €103,900 | +€98,989 | +2,016% |
| Plant, machinery and equipment | 23 | €6,239 | €26,727 | +€20,488 | +328% |
| Furniture and vehicles | 24 | €53,258 | €41,306 | -€11,952 | -22.4% |
| Current assets | 29/58 | €448,934 | €524,883 | +€75,948 | +16.9% |
| Stocks and contracts in progress | 3 | €950 | €950 | = | 0.0% |
| Stocks | 30/36 | €950 | €950 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €53,786 | €41,072 | -€12,713 | -23.6% |
| Trade receivables | 40 | €51,087 | €18,513 | -€32,574 | -63.8% |
| Other amounts receivable | 41 | €2,698 | €22,559 | +€19,861 | +736% |
| Cash at bank and in hand | 54/58 | €394,199 | €482,860 | +€88,661 | +22.5% |
| Total equity and liabilities | 10/49 | €519,820 | €700,975 | +€181,156 | +34.8% |
| Equity | 10/15 | €347,811 | €538,151 | +€190,340 | +54.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €293,056 | €483,005 | +€189,949 | +64.8% |
| Distributable reserves | 133 | €293,056 | €483,005 | +€189,949 | +64.8% |
| Profit (loss) carried forward | 14 | €48,554 | €48,946 | +€391 | +0.8% |
| Amounts payable | 17/49 | €172,009 | €162,824 | -€9,184 | -5.3% |
| Amounts payable after more than one year | 17 | €30,644 | €22,860 | -€7,784 | -25.4% |
| Financial debts | 170/4 | €30,644 | €22,860 | -€7,784 | -25.4% |
| Amounts payable within one year | 42/48 | €141,364 | €139,964 | -€1,400 | -1.0% |
| Current portion of amounts payable after more than one year | 42 | €7,517 | €7,784 | +€267 | +3.6% |
| Trade debts | 44 | €45,120 | €91,514 | +€46,394 | +103% |
| Suppliers | 440/4 | €45,120 | €91,514 | +€46,394 | +103% |
| Taxes, remuneration and social security | 45 | €65,603 | €22,007 | -€43,597 | -66.5% |
| Taxes | 450/3 | €57,734 | €15,307 | -€42,426 | -73.5% |
| Remuneration and social security | 454/9 | €7,870 | €6,699 | -€1,170 | -14.9% |
| Other amounts payable | 47/48 | €23,124 | €18,659 | -€4,465 | -19.3% |
| Non-recurring operating income | 76A | €6,000 | - | -€6,000 | |
| Remuneration, social security and pensions | 62 | €79,121 | €109,628 | +€30,507 | +38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,446 | €28,995 | +€5,548 | +23.7% |
| Other operating charges | 640/8 | €2,158 | €3,749 | +€1,592 | +73.8% |
| Non-recurring operating charges | 66A | - | €202 | +€202 | |
| Gross operating margin | 9900 | €119,430 | €463,951 | +€344,521 | +288% |
| Operating profit (loss) | 9901 | €14,705 | €321,377 | +€306,672 | +2,086% |
| Financial income | 75/76B | €0 | €198 | +€198 | +330,683% |
| Recurring financial income | 75 | €0 | €198 | +€198 | +330,683% |
| Financial charges | 65/66B | €1,041 | €1,480 | +€439 | +42.2% |
| Recurring financial charges | 65 | €967 | €1,450 | +€482 | +49.8% |
| Non-recurring financial charges | 66B | €74 | €31 | -€43 | -58.4% |
| Profit (loss) for the period before taxes | 9903 | €13,664 | €320,095 | +€306,432 | +2,243% |
| Income taxes | 67/77 | €7,403 | €99,704 | +€92,301 | +1,247% |
| Profit (loss) for the period | 9904 | €6,260 | €220,391 | +€214,131 | +3,420% |
| Profit (loss) for the period to be appropriated | 9905 | €6,260 | €220,391 | +€214,131 | +3,420% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.