PORTALON: 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.
PORTALON
Largest movements
- Receivables within one year -€24,409
down €24,409 (-78.9%), from €30,938 to €6,529
- Stocks and contracts -€903
down €903 (-13.1%), from €6,904 to €6,001
- Profit (loss) carried forward -€7,914
down €7,914 (-10.7%), from -€73,780 to -€81,694
- Trade debts -€7,762
down €7,762 (-26.1%), from €29,757 to €21,994
- Short-term financial debts -€6,449
no longer reported in 2025 (was €6,449)
- Other debts -€1,646
down €1,646 (-14.9%), from €11,008 to €9,362
- Tax, wage and social debts -€1,171
down €1,171 (-2.6%), from €45,809 to €44,638
of which Taxes: -€1,171
- Turnover -€30,269
down €30,269 (-43.8%), from €69,120 to €38,852
- Gross operating margin -€18,116
down €18,116, from €11,090 to -€7,026
- Purchases and services -€12,152
down €12,152 (-20.9%), from €58,030 to €45,878
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 | €37,842 | €12,900 | -€24,942 | -65.9% |
| Current assets | 29/58 | €37,842 | €12,900 | -€24,942 | -65.9% |
| Stocks and contracts in progress | 3 | €6,904 | €6,001 | -€903 | -13.1% |
| Stocks | 30/36 | €6,904 | €6,001 | -€903 | -13.1% |
| Amounts receivable within one year | 40/41 | €30,938 | €6,529 | -€24,409 | -78.9% |
| Trade receivables | 40 | €30,938 | €6,529 | -€24,409 | -78.9% |
| Cash at bank and in hand | 54/58 | - | €370 | +€370 | |
| Total equity and liabilities | 10/49 | €37,842 | €12,900 | -€24,942 | -65.9% |
| Equity | 10/15 | -€55,180 | -€63,094 | -€7,914 | -14.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€73,780 | -€81,694 | -€7,914 | -10.7% |
| Amounts payable | 17/49 | €93,023 | €75,994 | -€17,028 | -18.3% |
| Amounts payable within one year | 42/48 | €93,023 | €75,994 | -€17,028 | -18.3% |
| Financial debts | 43 | €6,449 | - | -€6,449 | |
| Credit institutions | 430/8 | €6,449 | - | -€6,449 | |
| Trade debts | 44 | €29,757 | €21,994 | -€7,762 | -26.1% |
| Suppliers | 440/4 | €29,757 | €21,994 | -€7,762 | -26.1% |
| Taxes, remuneration and social security | 45 | €45,809 | €44,638 | -€1,171 | -2.6% |
| Taxes | 450/3 | €1,925 | €754 | -€1,171 | -60.8% |
| Remuneration and social security | 454/9 | €43,884 | €43,884 | = | 0.0% |
| Other amounts payable | 47/48 | €11,008 | €9,362 | -€1,646 | -14.9% |
| Turnover | 70 | €69,120 | €38,852 | -€30,269 | -43.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €58,030 | €45,878 | -€12,152 | -20.9% |
| Other operating charges | 640/8 | €63 | €66 | +€3 | +4.2% |
| Gross operating margin | 9900 | €11,090 | -€7,026 | -€18,116 | |
| Operating profit (loss) | 9901 | €11,027 | -€7,092 | -€18,119 | |
| Financial income | 75/76B | €2 | €28 | +€26 | +1,265% |
| Recurring financial income | 75 | €2 | €28 | +€26 | +1,265% |
| Financial charges | 65/66B | €571 | €850 | +€279 | +48.8% |
| Recurring financial charges | 65 | €571 | €850 | +€279 | +48.8% |
| Profit (loss) for the period before taxes | 9903 | €10,458 | -€7,914 | -€18,372 | |
| Profit (loss) for the period | 9904 | €10,458 | -€7,914 | -€18,372 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,458 | -€7,914 | -€18,372 |
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 20 October 2026 via checked.be.