SUD PORTAS: what changed
What changed
SUD PORTAS
NACE 68.310, Real estate agency activities
filed annual accounts (NBB)
Net result for the year
-€46,777
2024 · -€21,973-€24,804
Equity
€953,701
2024 · €1.0m-€46,776
Cash
€69,803
2024 · €427,769-€357,966
Balance sheet total
€1.3m
2024 · €1.4m-€64,332
Largest movements
Assets
- Cash -€357,966
down €357,966 (-83.7%), from €427,769 to €69,803
mainly Investment in fixed assets (net) (-€376,986) and Net result for the year (-€46,777)
- Tangible fixed assets +€306,030
up €306,030 (+34.9%), from €876,237 to €1.2m
of which Land and buildings: +€279,559
Equity and liabilities
- Reserves -€38,503
down €38,503 (-6.1%), from €635,157 to €596,654
of which Tax-exempt reserves: -€38,503
Income statement
- Turnover -€57,035
no longer reported in 2025 (was €57,035)
- Purchases and services -€31,079
no longer reported in 2025 (was €31,079)
- Depreciation +€30,338
up €30,338 (+71.9%), from €42,213 to €72,551
- Gross operating margin -€4,368
down €4,368 (-15.9%), from €27,556 to €23,188
- Financial charges -€4,119
down €4,119 (-89.9%), from €4,581 to €462
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.
Result 2024
-€21,973
Gross operating margin
-€4,368
Depreciation
-€30,338
Other operating charges
-€952
Financial income
-€2,758
Financial charges
+€4,119
Deferred taxes and other
+€9,494
Result 2025
-€46,777
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€19,020
Investment
-€376,986
Financing
+€1
Cash 2024
€427,769
From operations (derived)
+€19,020
Net result for the year
-€46,777
Depreciation
+€72,551
Receivables within one year
+€6,198
Deferred charges and accrued income
+€4,604
Provisions
-€13,382
Trade debts
-€7,270
Tax, wage and social debts
+€1,000
Advances received
-€2,985
Other debts
+€2,697
Accrued charges and deferred income
+€2,385
Investment (derived)
-€376,986
Investment in fixed assets (net)
-€376,986
Financing
+€1
Contributions, distributions and other
+€1
Cash 2025
€69,803
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,408,664 | €1,344,332 | -€64,332 | -4.6% |
| Fixed assets | 21/28 | €891,507 | €1,195,942 | +€304,435 | +34.1% |
| Intangible fixed assets | 21 | €15,141 | €13,547 | -€1,594 | -10.5% |
| Tangible fixed assets | 22/27 | €876,237 | €1,182,267 | +€306,030 | +34.9% |
| Land and buildings | 22 | €820,014 | €1,099,573 | +€279,559 | +34.1% |
| Plant, machinery and equipment | 23 | €8,326 | €56,479 | +€48,153 | +578% |
| Furniture and vehicles | 24 | €35,414 | €26,214 | -€9,200 | -26.0% |
| Assets under construction and advance payments | 27 | €12,483 | - | -€12,483 | |
| Financial fixed assets | 28 | €129 | €129 | +€0 | +0.1% |
| Current assets | 29/58 | €517,157 | €148,389 | -€368,768 | -71.3% |
| Amounts receivable within one year | 40/41 | €84,784 | €78,586 | -€6,198 | -7.3% |
| Other amounts receivable | 41 | €84,784 | €78,586 | -€6,198 | -7.3% |
| Cash at bank and in hand | 54/58 | €427,769 | €69,803 | -€357,966 | -83.7% |
| Deferred charges and accrued income | 490/1 | €4,604 | - | -€4,604 | |
| Total equity and liabilities | 10/49 | €1,408,664 | €1,344,332 | -€64,332 | -4.6% |
| Equity | 10/15 | €1,000,477 | €953,701 | -€46,776 | -4.7% |
| Contributions | 10/11 | €322,262 | €322,262 | -€0 | 0.0% |
| Capital | 10 | €322,262 | €322,262 | -€0 | 0.0% |
| Issued capital | 100 | €322,262 | €322,262 | -€0 | 0.0% |
| Reserves | 13 | €635,157 | €596,654 | -€38,503 | -6.1% |
| Non-distributable reserves | 130/1 | €32,226 | €32,226 | +€0 | 0.0% |
| Legal reserve | 130 | €32,226 | €32,226 | +€0 | 0.0% |
| Tax-exempt reserves | 132 | €581,230 | €542,727 | -€38,503 | -6.6% |
| Distributable reserves | 133 | €21,701 | €21,701 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €43,058 | €34,785 | -€8,273 | -19.2% |
| Provisions and deferred taxes | 16 | €201,929 | €188,547 | -€13,382 | -6.6% |
| Deferred taxes | 168 | €201,929 | €188,547 | -€13,382 | -6.6% |
| Amounts payable | 17/49 | €206,258 | €202,084 | -€4,174 | -2.0% |
| Amounts payable within one year | 42/48 | €173,304 | €166,745 | -€6,559 | -3.8% |
| Trade debts | 44 | €9,172 | €1,902 | -€7,270 | -79.3% |
| Suppliers | 440/4 | €9,172 | €1,902 | -€7,270 | -79.3% |
| Advances received on contracts in progress | 46 | €4,185 | €1,200 | -€2,985 | -71.3% |
| Taxes, remuneration and social security | 45 | - | €1,000 | +€1,000 | |
| Taxes | 450/3 | - | €1,000 | +€1,000 | |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €159,947 | €162,644 | +€2,697 | +1.7% |
| Accrued charges and deferred income | 492/3 | €32,954 | €35,339 | +€2,385 | +7.2% |
| Turnover | 70 | €57,035 | - | -€57,035 | |
| Goods, raw materials, services and sundry goods | 60/61 | €31,079 | - | -€31,079 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,213 | €72,551 | +€30,338 | +71.9% |
| Other operating charges | 640/8 | €9,381 | €10,333 | +€952 | +10.2% |
| Gross operating margin | 9900 | €27,556 | €23,188 | -€4,368 | -15.9% |
| Operating profit (loss) | 9901 | -€24,038 | -€59,696 | -€35,658 | -148% |
| Financial income | 75/76B | €2,758 | €0 | -€2,758 | -100% |
| Recurring financial income | 75 | €2,758 | €0 | -€2,758 | -100% |
| Financial charges | 65/66B | €4,581 | €462 | -€4,119 | -89.9% |
| Recurring financial charges | 65 | €4,581 | €462 | -€4,119 | -89.9% |
| Profit (loss) for the period before taxes | 9903 | -€25,861 | -€60,158 | -€34,297 | -133% |
| Transfer from deferred taxes | 780 | €3,888 | €13,382 | +€9,494 | +244% |
| Profit (loss) for the period | 9904 | -€21,973 | -€46,777 | -€24,804 | -113% |
| Transfer from tax-exempt reserves | 789 | €10,018 | €38,503 | +€28,485 | +284% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,955 | -€8,274 | +€3,681 | +30.8% |
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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 7 November 2026 via checked.be.