PORT - TECH: 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.
PORT - TECH
Largest movements
- Tangible fixed assets -€609,133
down €609,133 (-55.6%), from €1.1m to €486,756
of which Land and buildings: -€630,513
- Receivables within one year +€163,588
up €163,588 (+59.1%), from €276,666 to €440,253
of which Other amounts receivable: +€157,045
- Revaluation surpluses -€454,791
down €454,791 (-78.0%), from €582,998 to €128,206
- Reserves +€262,889
up €262,889 (+200%), from €131,391 to €394,280
of which Tax-exempt reserves: +€231,920
- Debts after one year -€202,297
down €202,297 (-22.2%), from €911,796 to €709,499
- Profit (loss) carried forward -€125,139
down €125,139 (-13.6%), from -€919,207 to -€1.0m
- Other debts +€120,544
up €120,544 (+81.0%), from €148,768 to €269,312
- Gross operating margin +€233,918
up €233,918 (+132%), from €176,871 to €410,788
- Depreciation -€49,748
down €49,748 (-64.9%), from €76,670 to €26,922
- Financial charges -€18,739
down €18,739 (-36.2%), from €51,808 to €33,069
- Other operating charges -€6,576
down €6,576 (-51.3%), from €12,816 to €6,240
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 | €1,379,825 | €927,627 | -€452,198 | -32.8% |
| Fixed assets | 21/28 | €1,095,939 | €486,806 | -€609,133 | -55.6% |
| Tangible fixed assets | 22/27 | €1,095,889 | €486,756 | -€609,133 | -55.6% |
| Land and buildings | 22 | €1,064,377 | €433,864 | -€630,513 | -59.2% |
| Plant, machinery and equipment | 23 | €31,512 | €52,892 | +€21,380 | +67.8% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €283,886 | €440,821 | +€156,935 | +55.3% |
| Amounts receivable within one year | 40/41 | €276,666 | €440,253 | +€163,588 | +59.1% |
| Trade receivables | 40 | €86,284 | €92,827 | +€6,543 | +7.6% |
| Other amounts receivable | 41 | €190,382 | €347,427 | +€157,045 | +82.5% |
| Cash at bank and in hand | 54/58 | €6,701 | €38 | -€6,663 | -99.4% |
| Deferred charges and accrued income | 490/1 | €520 | €530 | +€10 | +1.9% |
| Total equity and liabilities | 10/49 | €1,379,825 | €927,627 | -€452,198 | -32.8% |
| Equity | 10/15 | €84,996 | -€232,045 | -€317,041 | |
| Contributions | 10/11 | €289,814 | €289,814 | = | 0.0% |
| Capital | 10 | €289,814 | €289,814 | = | 0.0% |
| Issued capital | 100 | €289,814 | €289,814 | = | 0.0% |
| Revaluation surpluses | 12 | €582,998 | €128,206 | -€454,791 | -78.0% |
| Reserves | 13 | €131,391 | €394,280 | +€262,889 | +200% |
| Non-distributable reserves | 130/1 | €47,169 | €47,169 | = | 0.0% |
| Legal reserve | 130 | €47,169 | €47,169 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €231,920 | +€231,920 | |
| Distributable reserves | 133 | €84,222 | €115,191 | +€30,969 | +36.8% |
| Profit (loss) carried forward | 14 | -€919,207 | -€1,044,346 | -€125,139 | -13.6% |
| Provisions and deferred taxes | 16 | €0 | €77,307 | +€77,307 | |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Major repairs and maintenance | 162 | €0 | - | = | |
| Deferred taxes | 168 | - | €77,307 | +€77,307 | |
| Amounts payable | 17/49 | €1,294,829 | €1,082,366 | -€212,463 | -16.4% |
| Amounts payable after more than one year | 17 | €911,796 | €709,499 | -€202,297 | -22.2% |
| Financial debts | 170/4 | €911,796 | €709,499 | -€202,297 | -22.2% |
| Amounts payable within one year | 42/48 | €383,033 | €372,867 | -€10,166 | -2.7% |
| Current portion of amounts payable after more than one year | 42 | €47,559 | €52,218 | +€4,658 | +9.8% |
| Financial debts | 43 | €50,000 | €0 | -€50,000 | -100% |
| Credit institutions | 430/8 | €50,000 | €0 | -€50,000 | -100% |
| Trade debts | 44 | €127,770 | €42,678 | -€85,092 | -66.6% |
| Suppliers | 440/4 | €127,770 | €42,678 | -€85,092 | -66.6% |
| Taxes, remuneration and social security | 45 | €8,936 | €8,659 | -€277 | -3.1% |
| Taxes | 450/3 | €8,936 | €8,659 | -€277 | -3.1% |
| Other amounts payable | 47/48 | €148,768 | €269,312 | +€120,544 | +81.0% |
| Non-recurring operating income | 76A | €49,000 | €326,348 | +€277,348 | +566% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,670 | €26,922 | -€49,748 | -64.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €12,816 | €6,240 | -€6,576 | -51.3% |
| Non-recurring operating charges | 66A | €58,075 | €162,420 | +€104,346 | +180% |
| Gross operating margin | 9900 | €176,871 | €410,788 | +€233,918 | +132% |
| Operating profit (loss) | 9901 | €29,310 | €215,206 | +€185,896 | +634% |
| Financial income | 75/76B | €39 | €1,950 | +€1,911 | +4,902% |
| Recurring financial income | 75 | €39 | €1,950 | +€1,911 | +4,902% |
| Financial charges | 65/66B | €51,808 | €33,069 | -€18,739 | -36.2% |
| Recurring financial charges | 65 | €51,808 | €33,069 | -€18,739 | -36.2% |
| Profit (loss) for the period before taxes | 9903 | -€22,459 | €184,088 | +€206,547 | |
| Transfer to deferred taxes | 680 | - | €77,307 | +€77,307 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€22,459 | €106,781 | +€129,240 | |
| Transfer to tax-exempt reserves | 689 | - | €231,920 | +€231,920 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,459 | -€125,139 | -€102,680 | -457% |
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 23 October 2026 via checked.be.