PORTACAL: 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.
PORTACAL
Largest movements
- Receivables within one year -€5,446
down €5,446 (-16.6%), from €32,890 to €27,444
of which Trade receivables: -€5,770
- Cash -€4,829
down €4,829 (-16.5%), from €29,254 to €24,425
mainly Net result for the year (-€13,234) and Tax, wage and social debts (-€4,816)
- Profit (loss) carried forward -€13,089
down €13,089, from €9,010 to -€4,078
- Other debts +€7,378
up €7,378 (+18.9%), from €39,078 to €46,457
- Tax, wage and social debts -€4,816
down €4,816 (-100%), from €4,816 to €0
of which Taxes: -€2,992
- Gross operating margin -€15,895
down €15,895, from €3,758 to -€12,137
- Depreciation -€410
down €410 (-39.4%), from €1,038 to €629
- Other operating charges -€327
down €327 (-52.2%), from €627 to €300
- Write-downs -€300
down €300 (-100%), from €300 to €0
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 | €63,055 | €52,503 | -€10,552 | -16.7% |
| Fixed assets | 21/28 | €629 | €0 | -€629 | -100% |
| Tangible fixed assets | 22/27 | €629 | €0 | -€629 | -100% |
| Furniture and vehicles | 24 | €629 | €0 | -€629 | -100% |
| Current assets | 29/58 | €62,426 | €52,503 | -€9,923 | -15.9% |
| Amounts receivable within one year | 40/41 | €32,890 | €27,444 | -€5,446 | -16.6% |
| Trade receivables | 40 | €32,350 | €26,580 | -€5,770 | -17.8% |
| Other amounts receivable | 41 | €540 | €864 | +€324 | +59.9% |
| Cash at bank and in hand | 54/58 | €29,254 | €24,425 | -€4,829 | -16.5% |
| Deferred charges and accrued income | 490/1 | €282 | €635 | +€352 | +125% |
| Total equity and liabilities | 10/49 | €63,055 | €52,503 | -€10,552 | -16.7% |
| Equity | 10/15 | €17,070 | €3,982 | -€13,089 | -76.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,010 | -€4,078 | -€13,089 | |
| Amounts payable | 17/49 | €45,984 | €48,521 | +€2,537 | +5.5% |
| Amounts payable within one year | 42/48 | €45,984 | €48,521 | +€2,537 | +5.5% |
| Trade debts | 44 | €2,090 | €2,065 | -€25 | -1.2% |
| Suppliers | 440/4 | €2,090 | €2,065 | -€25 | -1.2% |
| Taxes, remuneration and social security | 45 | €4,816 | €0 | -€4,816 | -100% |
| Taxes | 450/3 | €2,992 | €0 | -€2,992 | -100% |
| Remuneration and social security | 454/9 | €1,824 | €0 | -€1,824 | -100% |
| Other amounts payable | 47/48 | €39,078 | €46,457 | +€7,378 | +18.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,038 | €629 | -€410 | -39.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €300 | €0 | -€300 | -100% |
| Other operating charges | 640/8 | €627 | €300 | -€327 | -52.2% |
| Gross operating margin | 9900 | €3,758 | -€12,137 | -€15,895 | |
| Operating profit (loss) | 9901 | €1,792 | -€13,066 | -€14,858 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €169 | €168 | -€1 | -0.5% |
| Recurring financial charges | 65 | €169 | €168 | -€1 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €1,623 | -€13,234 | -€14,857 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €1,623 | -€13,234 | -€14,857 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,623 | -€13,234 | -€14,857 |
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 25 October 2026 via checked.be.