PORTALIM: 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.
PORTALIM
Largest movements
- Tangible fixed assets -€14,711
down €14,711 (-4.0%), from €367,050 to €352,339
- Debts after one year -€31,931
down €31,931 (-15.5%), from €206,165 to €174,235
- Reserves +€13,352
up €13,352 (+9.9%), from €135,339 to €148,691
of which Distributable reserves: +€13,500
- Gross operating margin -€1,424
down €1,424 (-3.0%), from €46,865 to €45,441
- Financial charges -€759
down €759 (-10.1%), from €7,509 to €6,750
- Taxes -€597
down €597 (-8.6%), from €6,949 to €6,351
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.
Cash bridge derived
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 | €444,550 | €427,828 | -€16,722 | -3.8% |
| Fixed assets | 21/28 | €367,050 | €352,339 | -€14,711 | -4.0% |
| Tangible fixed assets | 22/27 | €367,050 | €352,339 | -€14,711 | -4.0% |
| Land and buildings | 22 | €367,050 | €352,339 | -€14,711 | -4.0% |
| Current assets | 29/58 | €77,500 | €75,489 | -€2,011 | -2.6% |
| Cash at bank and in hand | 54/58 | - | €1,989 | +€1,989 | |
| Deferred charges and accrued income | 490/1 | €77,500 | €73,500 | -€4,000 | -5.2% |
| Total equity and liabilities | 10/49 | €444,550 | €427,828 | -€16,722 | -3.8% |
| Equity | 10/15 | €187,109 | €200,892 | +€13,783 | +7.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €135,339 | €148,691 | +€13,352 | +9.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,977 | €2,829 | -€148 | -5.0% |
| Distributable reserves | 133 | €130,502 | €144,002 | +€13,500 | +10.3% |
| Profit (loss) carried forward | 14 | €33,170 | €33,601 | +€431 | +1.3% |
| Provisions and deferred taxes | 16 | €1,533 | €1,457 | -€76 | -5.0% |
| Deferred taxes | 168 | €1,533 | €1,457 | -€76 | -5.0% |
| Amounts payable | 17/49 | €255,908 | €225,480 | -€30,428 | -11.9% |
| Amounts payable after more than one year | 17 | €206,165 | €174,235 | -€31,931 | -15.5% |
| Financial debts | 170/4 | €206,165 | €174,235 | -€31,931 | -15.5% |
| Amounts payable within one year | 42/48 | €49,743 | €51,245 | +€1,503 | +3.0% |
| Current portion of amounts payable after more than one year | 42 | €32,219 | €31,931 | -€288 | -0.9% |
| Financial debts | 43 | - | €2,042 | +€2,042 | |
| Other loans | 439 | - | €2,042 | +€2,042 | |
| Taxes, remuneration and social security | 45 | €672 | €421 | -€251 | -37.4% |
| Taxes | 450/3 | €672 | €421 | -€251 | -37.4% |
| Other amounts payable | 47/48 | €16,852 | €16,852 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,711 | €14,711 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,782 | €3,922 | +€140 | +3.7% |
| Gross operating margin | 9900 | €46,865 | €45,441 | -€1,424 | -3.0% |
| Operating profit (loss) | 9901 | €28,372 | €26,808 | -€1,564 | -5.5% |
| Financial charges | 65/66B | €7,509 | €6,750 | -€759 | -10.1% |
| Recurring financial charges | 65 | €7,509 | €6,750 | -€759 | -10.1% |
| Profit (loss) for the period before taxes | 9903 | €20,863 | €20,058 | -€805 | -3.9% |
| Transfer from deferred taxes | 780 | €76 | €76 | = | 0.0% |
| Income taxes | 67/77 | €6,949 | €6,351 | -€597 | -8.6% |
| Profit (loss) for the period | 9904 | €13,990 | €13,783 | -€207 | -1.5% |
| Transfer from tax-exempt reserves | 789 | €148 | €148 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €14,138 | €13,931 | -€207 | -1.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.