PASSAGE DE DOURO: 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.
PASSAGE DE DOURO
Largest movements
- Receivables within one year -€30,881
down €30,881 (-24.7%), from €124,929 to €94,048
of which Trade receivables: -€29,464
- Tangible fixed assets +€17,141
new in 2025: €17,141
- Cash +€7,981
up €7,981 (+6.2%), from €129,570 to €137,550
mainly Receivables within one year (+€30,881) and Tax, wage and social debts (+€13,022)
- Trade debts -€20,221
down €20,221 (-31.2%), from €64,756 to €44,536
- Tax, wage and social debts +€13,022
up €13,022 (+152%), from €8,555 to €21,577
- Gross operating margin -€10,663
down €10,663 (-57.5%), from €18,548 to €7,885
- Taxes -€3,879
down €3,879 (-74.7%), from €5,193 to €1,314
- Depreciation +€3,480
new in 2025: €3,480
- Other operating charges +€446
up €446 (+72.7%), from €614 to €1,060
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 | €341,914 | €336,743 | -€5,171 | -1.5% |
| Fixed assets | 21/28 | €4,566 | €21,707 | +€17,141 | +375% |
| Tangible fixed assets | 22/27 | - | €17,141 | +€17,141 | |
| Furniture and vehicles | 24 | - | €17,141 | +€17,141 | |
| Financial fixed assets | 28 | €4,566 | €4,566 | = | 0.0% |
| Current assets | 29/58 | €337,348 | €315,037 | -€22,312 | -6.6% |
| Stocks and contracts in progress | 3 | €82,333 | €83,224 | +€892 | +1.1% |
| Stocks | 30/36 | €82,333 | €83,224 | +€892 | +1.1% |
| Amounts receivable within one year | 40/41 | €124,929 | €94,048 | -€30,881 | -24.7% |
| Trade receivables | 40 | €117,479 | €88,015 | -€29,464 | -25.1% |
| Other amounts receivable | 41 | €7,450 | €6,033 | -€1,417 | -19.0% |
| Cash at bank and in hand | 54/58 | €129,570 | €137,550 | +€7,981 | +6.2% |
| Deferred charges and accrued income | 490/1 | €517 | €214 | -€303 | -58.5% |
| Total equity and liabilities | 10/49 | €341,914 | €336,743 | -€5,171 | -1.5% |
| Equity | 10/15 | €268,323 | €270,351 | +€2,027 | +0.8% |
| Contributions | 10/11 | €219,000 | €219,000 | = | 0.0% |
| Reserves | 13 | €58,295 | €58,295 | = | 0.0% |
| Distributable reserves | 133 | €58,295 | €58,295 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,972 | -€6,945 | +€2,027 | +22.6% |
| Amounts payable | 17/49 | €73,591 | €66,393 | -€7,198 | -9.8% |
| Amounts payable within one year | 42/48 | €73,591 | €66,393 | -€7,198 | -9.8% |
| Trade debts | 44 | €64,756 | €44,536 | -€20,221 | -31.2% |
| Suppliers | 440/4 | €64,756 | €44,536 | -€20,221 | -31.2% |
| Taxes, remuneration and social security | 45 | €8,555 | €21,577 | +€13,022 | +152% |
| Taxes | 450/3 | €8,555 | €21,577 | +€13,022 | +152% |
| Other amounts payable | 47/48 | €280 | €280 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,480 | +€3,480 | |
| Other operating charges | 640/8 | €614 | €1,060 | +€446 | +72.7% |
| Gross operating margin | 9900 | €18,548 | €7,885 | -€10,663 | -57.5% |
| Operating profit (loss) | 9901 | €17,934 | €3,345 | -€14,590 | -81.4% |
| Financial income | 75/76B | €143 | €119 | -€24 | -16.7% |
| Recurring financial income | 75 | €143 | €119 | -€24 | -16.7% |
| Financial charges | 65/66B | €86 | €123 | +€37 | +42.9% |
| Recurring financial charges | 65 | €86 | €123 | +€37 | +42.9% |
| Profit (loss) for the period before taxes | 9903 | €17,992 | €3,341 | -€14,651 | -81.4% |
| Income taxes | 67/77 | €5,193 | €1,314 | -€3,879 | -74.7% |
| Profit (loss) for the period | 9904 | €12,799 | €2,027 | -€10,771 | -84.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,799 | €2,027 | -€10,771 | -84.2% |
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 18 October 2026 via checked.be.