PORDAL: what changed
Two fiscal 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.
PORDAL
Largest movements
- Cash -€30,755
down €30,755 (-49.8%), from €61,730 to €30,976
mainly Investment in fixed assets (net) (-€50,987) and Net result for the year (-€9,286)
- Tangible fixed assets +€23,867
up €23,867 (+3.7%), from €648,910 to €672,777
- Reserves -€9,286
down €9,286 (-1.7%), from €538,921 to €529,634
of which Distributable reserves: -€9,286
- Gross operating margin -€12,846
down €12,846 (-37.3%), from €34,474 to €21,629
- Financial charges -€2,478
down €2,478 (-84.6%), from €2,930 to €452
- Depreciation +€939
up €939 (+3.6%), from €26,181 to €27,120
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.
Cash bridge derived
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 | €722,386 | €714,225 | -€8,161 | -1.1% |
| Fixed assets | 21/28 | €648,910 | €672,777 | +€23,867 | +3.7% |
| Tangible fixed assets | 22/27 | €648,910 | €672,777 | +€23,867 | +3.7% |
| Land and buildings | 22 | €648,910 | €672,777 | +€23,867 | +3.7% |
| Current assets | 29/58 | €73,475 | €41,447 | -€32,028 | -43.6% |
| Amounts receivable within one year | 40/41 | €9,940 | €10,472 | +€532 | +5.3% |
| Other amounts receivable | 41 | €9,940 | €10,472 | +€532 | +5.3% |
| Cash at bank and in hand | 54/58 | €61,730 | €30,976 | -€30,755 | -49.8% |
| Deferred charges and accrued income | 490/1 | €1,805 | €0 | -€1,805 | -100.0% |
| Total equity and liabilities | 10/49 | €722,386 | €714,225 | -€8,161 | -1.1% |
| Equity | 10/15 | €600,921 | €591,634 | -€9,286 | -1.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €538,921 | €529,634 | -€9,286 | -1.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €532,721 | €523,434 | -€9,286 | -1.7% |
| Amounts payable | 17/49 | €121,465 | €122,590 | +€1,125 | +0.9% |
| Amounts payable within one year | 42/48 | €121,465 | €121,864 | +€398 | +0.3% |
| Trade debts | 44 | €0 | €398 | +€398 | |
| Suppliers | 440/4 | €0 | €398 | +€398 | |
| Other amounts payable | 47/48 | €121,465 | €121,465 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €727 | +€727 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,181 | €27,120 | +€939 | +3.6% |
| Other operating charges | 640/8 | €3,633 | €3,896 | +€264 | +7.3% |
| Gross operating margin | 9900 | €34,474 | €21,629 | -€12,846 | -37.3% |
| Operating profit (loss) | 9901 | €4,661 | -€9,387 | -€14,048 | |
| Financial income | 75/76B | €583 | €553 | -€31 | -5.3% |
| Recurring financial income | 75 | €583 | €553 | -€31 | -5.3% |
| Financial charges | 65/66B | €2,930 | €452 | -€2,478 | -84.6% |
| Recurring financial charges | 65 | €2,930 | €452 | -€2,478 | -84.6% |
| Profit (loss) for the period before taxes | 9903 | €2,314 | -€9,286 | -€11,601 | |
| Profit (loss) for the period | 9904 | €2,314 | -€9,286 | -€11,601 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,314 | -€9,286 | -€11,601 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.