PORLI: what changed
PORLI
Largest movements
- Cash -€245,590
down €245,590 (-90.8%), from €270,386 to €24,796
mainly Investment in fixed assets (net) (-€360,205) and Tax, wage and social debts (-€101,182)
- Tangible fixed assets +€231,970
up €231,970 (+35.1%), from €660,519 to €892,489
of which Plant, machinery and equipment: +€126,410
- Receivables within one year +€46,273
up €46,273 (+190%), from €24,331 to €70,604
of which Trade receivables: +€33,997
- Reserves +€246,808
up €246,808 (+36.0%), from €686,511 to €933,319
of which Distributable reserves: +€246,808
- Tax, wage and social debts -€101,182
down €101,182 (-74.4%), from €135,910 to €34,728
- Other debts -€62,350
down €62,350 (-100%), from €62,350 to €0
- Current portion of long-term debt -€50,000
down €50,000 (-100%), from €50,000 to €0
- Turnover -€1.6m
no longer reported in 2025 (was €1.6m)
- Purchases and services -€1.2m
no longer reported in 2025 (was €1.2m)
- Depreciation +€42,753
up €42,753 (+50.0%), from €85,482 to €128,235
- Gross operating margin +€21,356
up €21,356 (+5.0%), from €429,106 to €450,462
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,258,852 | €1,291,723 | +€32,871 | +2.6% |
| Fixed assets | 21/28 | €662,199 | €894,169 | +€231,970 | +35.0% |
| Tangible fixed assets | 22/27 | €660,519 | €892,489 | +€231,970 | +35.1% |
| Land and buildings | 22 | €510,985 | €630,990 | +€120,005 | +23.5% |
| Plant, machinery and equipment | 23 | €83,936 | €210,346 | +€126,410 | +151% |
| Furniture and vehicles | 24 | €65,598 | €51,152 | -€14,446 | -22.0% |
| Financial fixed assets | 28 | €1,680 | €1,680 | = | 0.0% |
| Current assets | 29/58 | €596,653 | €397,555 | -€199,099 | -33.4% |
| Stocks and contracts in progress | 3 | €299,700 | €299,700 | = | 0.0% |
| Stocks | 30/36 | €299,700 | €299,700 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €24,331 | €70,604 | +€46,273 | +190% |
| Trade receivables | 40 | €7,497 | €41,494 | +€33,997 | +453% |
| Other amounts receivable | 41 | €16,834 | €29,110 | +€12,276 | +72.9% |
| Cash at bank and in hand | 54/58 | €270,386 | €24,796 | -€245,590 | -90.8% |
| Deferred charges and accrued income | 490/1 | €2,237 | €2,455 | +€218 | +9.7% |
| Total equity and liabilities | 10/49 | €1,258,852 | €1,291,723 | +€32,871 | +2.6% |
| Equity | 10/15 | €930,207 | €1,170,152 | +€239,945 | +25.8% |
| Contributions | 10/11 | €218,592 | €218,592 | = | 0.0% |
| Capital | 10 | €218,592 | - | -€218,592 | |
| Issued capital | 100 | €218,592 | - | -€218,592 | |
| Reserves | 13 | €686,511 | €933,319 | +€246,808 | +36.0% |
| Non-distributable reserves | 130/1 | €21,859 | €21,859 | = | 0.0% |
| Legal reserve | 130 | €21,859 | - | -€21,859 | |
| Reserves not available under the articles | 1311 | - | €21,859 | +€21,859 | |
| Distributable reserves | 133 | €664,652 | €911,460 | +€246,808 | +37.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Investment grants | 15 | €25,104 | €18,240 | -€6,864 | -27.3% |
| Amounts payable | 17/49 | €328,645 | €121,572 | -€207,073 | -63.0% |
| Amounts payable within one year | 42/48 | €328,645 | €121,572 | -€207,073 | -63.0% |
| Current portion of amounts payable after more than one year | 42 | €50,000 | €0 | -€50,000 | -100% |
| Trade debts | 44 | €80,385 | €86,843 | +€6,458 | +8.0% |
| Suppliers | 440/4 | €80,385 | €86,843 | +€6,458 | +8.0% |
| Taxes, remuneration and social security | 45 | €135,910 | €34,728 | -€101,182 | -74.4% |
| Taxes | 450/3 | €135,910 | €34,728 | -€101,182 | -74.4% |
| Other amounts payable | 47/48 | €62,350 | €0 | -€62,350 | -100% |
| Turnover | 70 | €1,559,081 | - | -€1.6m | |
| Non-recurring operating income | 76A | €11,000 | €0 | -€11,000 | -100% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,161,361 | - | -€1.2m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €85,482 | €128,235 | +€42,753 | +50.0% |
| Other operating charges | 640/8 | €9,564 | €8,267 | -€1,297 | -13.6% |
| Gross operating margin | 9900 | €429,106 | €450,462 | +€21,356 | +5.0% |
| Operating profit (loss) | 9901 | €334,060 | €313,959 | -€20,101 | -6.0% |
| Financial income | 75/76B | €10,088 | €24,341 | +€14,253 | +141% |
| Recurring financial income | 75 | €10,088 | €24,341 | +€14,253 | +141% |
| Financial charges | 65/66B | €4,014 | €2,039 | -€1,975 | -49.2% |
| Recurring financial charges | 65 | €4,014 | €2,039 | -€1,975 | -49.2% |
| Profit (loss) for the period before taxes | 9903 | €340,134 | €336,261 | -€3,873 | -1.1% |
| Income taxes | 67/77 | €96,613 | €89,453 | -€7,160 | -7.4% |
| Profit (loss) for the period | 9904 | €243,521 | €246,808 | +€3,287 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | €243,521 | €246,808 | +€3,287 | +1.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.