Porta & Co: 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.
Porta & Co
Largest movements
- Tangible fixed assets +€275,947
up €275,947 (+29.1%), from €949,896 to €1.2m
of which Land and buildings: +€293,430
- Cash -€203,221
down €203,221 (-73.3%), from €277,224 to €74,003
mainly Investment in fixed assets (net) (-€362,487) and Net result for the year (-€45,033)
- Debts after one year +€93,433
up €93,433 (+67.0%), from €139,389 to €232,822
- Current portion of long-term debt +€48,916
up €48,916 (+581%), from €8,414 to €57,330
- Reserves -€45,033
down €45,033 (-15.1%), from €298,150 to €253,117
of which Distributable reserves: -€37,628
- Trade debts -€20,642
down €20,642 (-67.7%), from €30,483 to €9,841
- Gross operating margin -€49,437
down €49,437 (-41.3%), from €119,665 to €70,228
- Depreciation +€20,363
up €20,363 (+30.8%), from €66,177 to €86,540
- Taxes -€12,982
down €12,982 (-99.5%), from €13,041 to €60
- Financial charges +€3,339
up €3,339 (+105%), from €3,173 to €6,512
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 | €1,266,995 | €1,338,604 | +€71,609 | +5.7% |
| Fixed assets | 21/28 | €974,685 | €1,250,632 | +€275,947 | +28.3% |
| Tangible fixed assets | 22/27 | €949,896 | €1,225,842 | +€275,947 | +29.1% |
| Land and buildings | 22 | €856,654 | €1,150,084 | +€293,430 | +34.3% |
| Plant, machinery and equipment | 23 | €79,560 | €74,916 | -€4,644 | -5.8% |
| Furniture and vehicles | 24 | €13,682 | €843 | -€12,839 | -93.8% |
| Financial fixed assets | 28 | €24,789 | €24,789 | = | 0.0% |
| Current assets | 29/58 | €292,310 | €87,972 | -€204,338 | -69.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €14,344 | €13,293 | -€1,050 | -7.3% |
| Trade receivables | 40 | €675 | €7,073 | +€6,398 | +947% |
| Other amounts receivable | 41 | €13,668 | €6,220 | -€7,448 | -54.5% |
| Cash at bank and in hand | 54/58 | €277,224 | €74,003 | -€203,221 | -73.3% |
| Deferred charges and accrued income | 490/1 | €742 | €675 | -€66 | -9.0% |
| Total equity and liabilities | 10/49 | €1,266,995 | €1,338,604 | +€71,609 | +5.7% |
| Equity | 10/15 | €968,150 | €923,117 | -€45,033 | -4.7% |
| Contributions | 10/11 | €670,000 | €670,000 | = | 0.0% |
| Capital | 10 | €670,000 | €670,000 | = | 0.0% |
| Issued capital | 100 | €670,000 | €670,000 | = | 0.0% |
| Reserves | 13 | €298,150 | €253,117 | -€45,033 | -15.1% |
| Non-distributable reserves | 130/1 | €67,000 | €67,000 | = | 0.0% |
| Legal reserve | 130 | €67,000 | €67,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €128,425 | €121,021 | -€7,405 | -5.8% |
| Distributable reserves | 133 | €102,725 | €65,097 | -€37,628 | -36.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €40,223 | €37,754 | -€2,468 | -6.1% |
| Deferred taxes | 168 | €40,223 | €37,754 | -€2,468 | -6.1% |
| Amounts payable | 17/49 | €258,622 | €377,732 | +€119,110 | +46.1% |
| Amounts payable after more than one year | 17 | €139,389 | €232,822 | +€93,433 | +67.0% |
| Financial debts | 170/4 | €139,389 | €232,822 | +€93,433 | +67.0% |
| Amounts payable within one year | 42/48 | €118,939 | €144,231 | +€25,292 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €8,414 | €57,330 | +€48,916 | +581% |
| Trade debts | 44 | €30,483 | €9,841 | -€20,642 | -67.7% |
| Suppliers | 440/4 | €30,483 | €9,841 | -€20,642 | -67.7% |
| Taxes, remuneration and social security | 45 | €3,041 | €60 | -€2,982 | -98.0% |
| Taxes | 450/3 | €3,041 | €60 | -€2,982 | -98.0% |
| Other amounts payable | 47/48 | €77,000 | €77,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €294 | €679 | +€385 | +131% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,177 | €86,540 | +€20,363 | +30.8% |
| Other operating charges | 640/8 | €25,033 | €24,618 | -€415 | -1.7% |
| Gross operating margin | 9900 | €119,665 | €70,228 | -€49,437 | -41.3% |
| Operating profit (loss) | 9901 | €28,456 | -€40,929 | -€69,385 | |
| Financial income | 75/76B | €11 | €0 | -€11 | -99.8% |
| Recurring financial income | 75 | €11 | €0 | -€11 | -99.8% |
| Financial charges | 65/66B | €3,173 | €6,512 | +€3,339 | +105% |
| Recurring financial charges | 65 | €3,173 | €6,512 | +€3,339 | +105% |
| Profit (loss) for the period before taxes | 9903 | €25,293 | -€47,441 | -€72,735 | |
| Transfer from deferred taxes | 780 | €2,468 | €2,468 | = | 0.0% |
| Income taxes | 67/77 | €13,041 | €60 | -€12,982 | -99.5% |
| Profit (loss) for the period | 9904 | €14,720 | -€45,033 | -€59,753 | |
| Transfer from tax-exempt reserves | 789 | €7,405 | €7,405 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,125 | -€37,628 | -€59,753 |
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 19 October 2026 via checked.be.