Porshini: what changed
Porshini
Largest movements
- Stocks and contracts -€1.7m
down €1.7m (-61.8%), from €2.8m to €1.1m
- Cash +€146,668
up €146,668 (+2,769%), from €5,298 to €151,966
mainly Stocks and contracts (+€1.7m) and Receivables within one year (+€109,389)
- Receivables within one year -€109,389
no longer reported in 2025 (was €109,389)
of which Other amounts receivable: -€109,080
- Deferred charges and accrued income -€29,480
down €29,480 (-98.3%), from €30,000 to €520
- Short-term financial debts -€1.5m
down €1.5m (-85.9%), from €1.7m to €242,257
- Debts after one year -€175,000
down €175,000 (-35.0%), from €500,000 to €325,000
- Profit (loss) carried forward -€105,356
new in 2025: -€105,356
- Gross operating margin -€174,774
down €174,774, from €153,519 to -€21,255
- Financial charges -€59,917
down €59,917 (-40.5%), from €148,090 to €88,173
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 | €2,931,705 | €1,217,872 | -€1.7m | -58.5% |
| Current assets | 29/58 | €2,931,705 | €1,217,872 | -€1.7m | -58.5% |
| Stocks and contracts in progress | 3 | €2,787,019 | €1,065,386 | -€1.7m | -61.8% |
| Stocks | 30/36 | €2,787,019 | €1,065,386 | -€1.7m | -61.8% |
| Amounts receivable within one year | 40/41 | €109,389 | - | -€109,389 | |
| Trade receivables | 40 | €309 | - | -€309 | |
| Other amounts receivable | 41 | €109,080 | - | -€109,080 | |
| Cash at bank and in hand | 54/58 | €5,298 | €151,966 | +€146,668 | +2,769% |
| Deferred charges and accrued income | 490/1 | €30,000 | €520 | -€29,480 | -98.3% |
| Total equity and liabilities | 10/49 | €2,931,705 | €1,217,872 | -€1.7m | -58.5% |
| Equity | 10/15 | €14,588 | -€95,356 | -€109,944 | |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €4,588 | - | -€4,588 | |
| Distributable reserves | 133 | €4,588 | - | -€4,588 | |
| Profit (loss) carried forward | 14 | - | -€105,356 | -€105,356 | |
| Amounts payable | 17/49 | €2,917,117 | €1,313,228 | -€1.6m | -55.0% |
| Amounts payable after more than one year | 17 | €500,000 | €325,000 | -€175,000 | -35.0% |
| Financial debts | 170/4 | €500,000 | €325,000 | -€175,000 | -35.0% |
| Amounts payable within one year | 42/48 | €2,417,117 | €988,228 | -€1.4m | -59.1% |
| Financial debts | 43 | €1,714,120 | €242,257 | -€1.5m | -85.9% |
| Other loans | 439 | €1,714,120 | €242,257 | -€1.5m | -85.9% |
| Trade debts | 44 | €10,793 | €24,867 | +€14,074 | +130% |
| Suppliers | 440/4 | €10,793 | €24,867 | +€14,074 | +130% |
| Other amounts payable | 47/48 | €692,204 | €721,103 | +€28,900 | +4.2% |
| Other operating charges | 640/8 | €841 | €516 | -€325 | -38.6% |
| Gross operating margin | 9900 | €153,519 | -€21,255 | -€174,774 | |
| Operating profit (loss) | 9901 | €152,678 | -€21,771 | -€174,449 | |
| Financial charges | 65/66B | €148,090 | €88,173 | -€59,917 | -40.5% |
| Recurring financial charges | 65 | €148,090 | €88,173 | -€59,917 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | €4,588 | -€109,944 | -€114,532 | |
| Profit (loss) for the period | 9904 | €4,588 | -€109,944 | -€114,532 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,588 | -€109,944 | -€114,532 |
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 2 November 2026 via checked.be.