PortaPax: 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.
PortaPax
Largest movements
- Tangible fixed assets -€22,648
down €22,648 (-79.4%), from €28,522 to €5,874
of which Furniture and vehicles: -€22,308
- Cash +€20,864
up €20,864 (+111%), from €18,786 to €39,650
mainly Other debts (+€37,664) and Investment in fixed assets (net) (+€21,658)
- Receivables within one year -€19,705
down €19,705 (-60.6%), from €32,524 to €12,819
of which Trade receivables: -€9,932
- Deferred charges and accrued income -€1,100
down €1,100 (-100%), from €1,100 to €0
- Reserves -€56,250
down €56,250 (-94.7%), from €59,410 to €3,160
- Other debts +€37,664
up €37,664, from €0 to €37,664
- Trade debts -€4,188
down €4,188 (-71.3%), from €5,871 to €1,683
- Gross operating margin -€35,627
down €35,627 (-72.6%), from €49,084 to €13,458
- Taxes -€8,492
down €8,492 (-80.7%), from €10,524 to €2,032
- Other operating charges +€5,381
up €5,381 (+688%), from €782 to €6,162
- Depreciation -€4,621
down €4,621 (-82.4%), from €5,611 to €990
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 | €80,932 | €58,343 | -€22,589 | -27.9% |
| Fixed assets | 21/28 | €28,522 | €5,874 | -€22,648 | -79.4% |
| Tangible fixed assets | 22/27 | €28,522 | €5,874 | -€22,648 | -79.4% |
| Land and buildings | 22 | €589 | €249 | -€340 | -57.8% |
| Furniture and vehicles | 24 | €27,933 | €5,625 | -€22,308 | -79.9% |
| Current assets | 29/58 | €52,410 | €52,469 | +€59 | +0.1% |
| Amounts receivable within one year | 40/41 | €32,524 | €12,819 | -€19,705 | -60.6% |
| Trade receivables | 40 | €18,784 | €8,852 | -€9,932 | -52.9% |
| Other amounts receivable | 41 | €13,740 | €3,968 | -€9,772 | -71.1% |
| Cash at bank and in hand | 54/58 | €18,786 | €39,650 | +€20,864 | +111% |
| Deferred charges and accrued income | 490/1 | €1,100 | €0 | -€1,100 | -100% |
| Total equity and liabilities | 10/49 | €80,932 | €58,343 | -€22,589 | -27.9% |
| Equity | 10/15 | €63,700 | €7,450 | -€56,250 | -88.3% |
| Contributions | 10/11 | €4,290 | €4,290 | = | 0.0% |
| Reserves | 13 | €59,410 | €3,160 | -€56,250 | -94.7% |
| Distributable reserves | 133 | €59,410 | €3,160 | -€56,250 | -94.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €17,232 | €50,893 | +€33,661 | +195% |
| Amounts payable within one year | 42/48 | €16,824 | €50,638 | +€33,813 | +201% |
| Trade debts | 44 | €5,871 | €1,683 | -€4,188 | -71.3% |
| Suppliers | 440/4 | €5,871 | €1,683 | -€4,188 | -71.3% |
| Taxes, remuneration and social security | 45 | €10,953 | €11,290 | +€337 | +3.1% |
| Taxes | 450/3 | €10,953 | €11,290 | +€337 | +3.1% |
| Other amounts payable | 47/48 | €0 | €37,664 | +€37,664 | |
| Accrued charges and deferred income | 492/3 | €407 | €255 | -€152 | -37.4% |
| Remuneration, social security and pensions | 62 | €613 | €953 | +€340 | +55.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,611 | €990 | -€4,621 | -82.4% |
| Other operating charges | 640/8 | €782 | €6,162 | +€5,381 | +688% |
| Gross operating margin | 9900 | €49,084 | €13,458 | -€35,627 | -72.6% |
| Operating profit (loss) | 9901 | €42,078 | €5,352 | -€36,726 | -87.3% |
| Financial income | 75/76B | €317 | €1 | -€316 | -99.7% |
| Recurring financial income | 75 | €317 | €1 | -€316 | -99.7% |
| Financial charges | 65/66B | €192 | €161 | -€31 | -16.3% |
| Recurring financial charges | 65 | €192 | €161 | -€31 | -16.3% |
| Profit (loss) for the period before taxes | 9903 | €42,203 | €5,193 | -€37,011 | -87.7% |
| Income taxes | 67/77 | €10,524 | €2,032 | -€8,492 | -80.7% |
| Profit (loss) for the period | 9904 | €31,679 | €3,160 | -€28,519 | -90.0% |
| Profit (loss) for the period to be appropriated | 9905 | €31,679 | €3,160 | -€28,519 | -90.0% |
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 16 October 2026 via checked.be.