PORSIMA: 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.
PORSIMA
Largest movements
- Cash +€54,822
up €54,822 (+15.7%), from €348,979 to €403,800
mainly Trade debts (+€160,258) and Depreciation (+€103,349)
- Receivables within one year +€48,536
up €48,536 (+44.0%), from €110,280 to €158,816
of which Other amounts receivable: +€47,456
- Stocks and contracts -€34,509
down €34,509 (-8.8%), from €390,901 to €356,392
- Trade debts +€160,258
up €160,258 (+42.8%), from €374,121 to €534,378
- Debts after one year -€96,907
down €96,907 (-60.1%), from €161,352 to €64,444
- Gross operating margin -€198,661
down €198,661 (-65.2%), from €304,728 to €106,067
- Financial income -€25,799
down €25,799 (-83.3%), from €30,981 to €5,182
- Taxes -€14,050
down €14,050 (-92.2%), from €15,234 to €1,183
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 | €1,563,785 | €1,628,040 | +€64,255 | +4.1% |
| Fixed assets | 21/28 | €711,929 | €698,463 | -€13,466 | -1.9% |
| Tangible fixed assets | 22/27 | €711,929 | €698,463 | -€13,466 | -1.9% |
| Land and buildings | 22 | €494,245 | €510,154 | +€15,909 | +3.2% |
| Plant, machinery and equipment | 23 | €217,684 | €188,309 | -€29,375 | -13.5% |
| Current assets | 29/58 | €851,856 | €929,577 | +€77,721 | +9.1% |
| Stocks and contracts in progress | 3 | €390,901 | €356,392 | -€34,509 | -8.8% |
| Stocks | 30/36 | €390,901 | €356,392 | -€34,509 | -8.8% |
| Amounts receivable within one year | 40/41 | €110,280 | €158,816 | +€48,536 | +44.0% |
| Trade receivables | 40 | €66,957 | €68,037 | +€1,080 | +1.6% |
| Other amounts receivable | 41 | €43,323 | €90,779 | +€47,456 | +110% |
| Cash at bank and in hand | 54/58 | €348,979 | €403,800 | +€54,822 | +15.7% |
| Deferred charges and accrued income | 490/1 | €1,697 | €10,569 | +€8,872 | +523% |
| Total equity and liabilities | 10/49 | €1,563,785 | €1,628,040 | +€64,255 | +4.1% |
| Equity | 10/15 | €607,476 | €602,006 | -€5,470 | -0.9% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €154,282 | €143,661 | -€10,621 | -6.9% |
| Tax-exempt reserves | 132 | €139,545 | €128,924 | -€10,621 | -7.6% |
| Distributable reserves | 133 | €14,737 | €14,737 | = | 0.0% |
| Profit (loss) carried forward | 14 | €303,194 | €308,345 | +€5,151 | +1.7% |
| Provisions and deferred taxes | 16 | €46,515 | €42,975 | -€3,540 | -7.6% |
| Deferred taxes | 168 | €46,515 | €42,975 | -€3,540 | -7.6% |
| Amounts payable | 17/49 | €909,794 | €983,060 | +€73,265 | +8.1% |
| Amounts payable after more than one year | 17 | €161,352 | €64,444 | -€96,907 | -60.1% |
| Financial debts | 170/4 | €161,352 | €64,444 | -€96,907 | -60.1% |
| Amounts payable within one year | 42/48 | €748,443 | €918,615 | +€170,173 | +22.7% |
| Current portion of amounts payable after more than one year | 42 | €96,907 | €96,907 | +€0 | 0.0% |
| Trade debts | 44 | €374,121 | €534,378 | +€160,258 | +42.8% |
| Suppliers | 440/4 | €374,121 | €534,378 | +€160,258 | +42.8% |
| Taxes, remuneration and social security | 45 | €32 | €422 | +€389 | +1,198% |
| Taxes | 450/3 | €32 | €422 | +€389 | +1,198% |
| Other amounts payable | 47/48 | €277,382 | €286,908 | +€9,526 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,836 | €103,349 | +€2,512 | +2.5% |
| Other operating charges | 640/8 | €9,655 | €9,129 | -€525 | -5.4% |
| Gross operating margin | 9900 | €304,728 | €106,067 | -€198,661 | -65.2% |
| Operating profit (loss) | 9901 | €194,237 | -€6,411 | -€200,648 | |
| Financial income | 75/76B | €30,981 | €5,182 | -€25,799 | -83.3% |
| Recurring financial income | 75 | €30,981 | €5,182 | -€25,799 | -83.3% |
| Financial charges | 65/66B | €9,491 | €6,599 | -€2,892 | -30.5% |
| Recurring financial charges | 65 | €9,491 | €6,599 | -€2,892 | -30.5% |
| Profit (loss) for the period before taxes | 9903 | €215,727 | -€7,827 | -€223,555 | |
| Transfer from deferred taxes | 780 | €2,835 | €3,540 | +€706 | +24.9% |
| Income taxes | 67/77 | €15,234 | €1,183 | -€14,050 | -92.2% |
| Profit (loss) for the period | 9904 | €203,328 | -€5,470 | -€208,798 | |
| Transfer from tax-exempt reserves | 789 | €8,504 | €10,621 | +€2,118 | +24.9% |
| Profit (loss) for the period to be appropriated | 9905 | €211,832 | €5,151 | -€206,681 | -97.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.