PORTAS: 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.
PORTAS
Largest movements
- Receivables within one year +€123,514
up €123,514 (+48.4%), from €255,117 to €378,631
of which Other amounts receivable: +€117,298
- Cash +€80,982
up €80,982 (+247.6%), from €32,701 to €113,682
mainly Net result for the year (+€223,562) and Other debts (+€223,093)
- Tangible fixed assets +€32,247
up €32,247 (+17.1%), from €188,101 to €220,348
of which Furniture and vehicles: +€38,187
- Deferred charges and accrued income +€13,174
up €13,174 (+1174.0%), from €1,122 to €14,297
- Financial fixed assets -€12,000
no longer reported in 2025 (was €12,000)
- Other debts +€223,093
up €223,093 (+17894.4%), from €1,247 to €224,340
- Trade debts +€9,010
up €9,010 (+58.1%), from €15,517 to €24,528
- Tax, wage and social debts +€8,261
up €8,261 (+20.7%), from €39,982 to €48,243
of which Remuneration and social security: +€8,155
- Turnover +€1.4m
new in 2025: €1.4m
- Purchases and services +€582,021
new in 2025: €582,021
- Gross operating margin +€166,462
up €166,462 (+25.5%), from €653,020 to €819,482
- Staff costs +€154,147
up €154,147 (+43.0%), from €358,682 to €512,829
- Financial income +€21,927
up €21,927 (+9784.6%), from €224 to €22,151
of which Non-recurring financial income: +€21,849
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 | €589,040 | €820,144 | +€231,103 | +39.2% |
| Fixed assets | 21/28 | €200,101 | €223,534 | +€23,433 | +11.7% |
| Intangible fixed assets | 21 | - | €3,186 | +€3,186 | |
| Tangible fixed assets | 22/27 | €188,101 | €220,348 | +€32,247 | +17.1% |
| Land and buildings | 22 | €153,332 | €148,483 | -€4,848 | -3.2% |
| Plant, machinery and equipment | 23 | €14,563 | €15,131 | +€568 | +3.9% |
| Furniture and vehicles | 24 | €5,358 | €43,545 | +€38,187 | +712.7% |
| Other tangible fixed assets | 26 | €14,848 | €13,189 | -€1,658 | -11.2% |
| Financial fixed assets | 28 | €12,000 | - | -€12,000 | |
| Current assets | 29/58 | €388,939 | €596,610 | +€207,670 | +53.4% |
| Amounts receivable after more than one year | 29 | €100,000 | €90,000 | -€10,000 | -10.0% |
| Other amounts receivable | 291 | €100,000 | €90,000 | -€10,000 | -10.0% |
| Amounts receivable within one year | 40/41 | €255,117 | €378,631 | +€123,514 | +48.4% |
| Trade receivables | 40 | €64,097 | €70,313 | +€6,216 | +9.7% |
| Other amounts receivable | 41 | €191,020 | €308,318 | +€117,298 | +61.4% |
| Cash at bank and in hand | 54/58 | €32,701 | €113,682 | +€80,982 | +247.6% |
| Deferred charges and accrued income | 490/1 | €1,122 | €14,297 | +€13,174 | +1174.0% |
| Total equity and liabilities | 10/49 | €589,040 | €820,144 | +€231,103 | +39.2% |
| Equity | 10/15 | €394,486 | €394,547 | +€62 | 0.0% |
| Contributions | 10/11 | €6,400 | €6,400 | = | 0.0% |
| Reserves | 13 | €388,086 | €388,147 | +€62 | 0.0% |
| Distributable reserves | 133 | €388,086 | €388,147 | +€62 | 0.0% |
| Amounts payable | 17/49 | €194,554 | €425,596 | +€231,042 | +118.8% |
| Amounts payable after more than one year | 17 | €126,926 | €119,092 | -€7,834 | -6.2% |
| Financial debts | 170/4 | €126,926 | €119,092 | -€7,834 | -6.2% |
| Amounts payable within one year | 42/48 | €64,270 | €304,945 | +€240,675 | +374.5% |
| Current portion of amounts payable after more than one year | 42 | €7,524 | €7,834 | +€310 | +4.1% |
| Trade debts | 44 | €15,517 | €24,528 | +€9,010 | +58.1% |
| Suppliers | 440/4 | €15,517 | €24,528 | +€9,010 | +58.1% |
| Taxes, remuneration and social security | 45 | €39,982 | €48,243 | +€8,261 | +20.7% |
| Taxes | 450/3 | €6,891 | €6,997 | +€106 | +1.5% |
| Remuneration and social security | 454/9 | €33,091 | €41,246 | +€8,155 | +24.6% |
| Other amounts payable | 47/48 | €1,247 | €224,340 | +€223,093 | +17894.4% |
| Accrued charges and deferred income | 492/3 | €3,359 | €1,560 | -€1,799 | -53.6% |
| Turnover | 70 | - | €1,389,465 | +€1.4m | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €582,021 | +€582,021 | |
| Remuneration, social security and pensions | 62 | €358,682 | €512,829 | +€154,147 | +43.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,291 | €23,176 | +€8,885 | +62.2% |
| Other operating charges | 640/8 | €1,890 | €1,802 | -€88 | -4.7% |
| Gross operating margin | 9900 | €653,020 | €819,482 | +€166,462 | +25.5% |
| Operating profit (loss) | 9901 | €278,157 | €281,675 | +€3,517 | +1.3% |
| Financial income | 75/76B | €224 | €22,151 | +€21,927 | +9784.6% |
| Recurring financial income | 75 | €224 | €303 | +€79 | +35.1% |
| Non-recurring financial income | 76B | - | €21,849 | +€21,849 | |
| Financial charges | 65/66B | €6,477 | €6,685 | +€209 | +3.2% |
| Recurring financial charges | 65 | €6,477 | €6,685 | +€209 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | €271,905 | €297,140 | +€25,236 | +9.3% |
| Income taxes | 67/77 | €71,951 | €73,579 | +€1,627 | +2.3% |
| Profit (loss) for the period | 9904 | €199,953 | €223,562 | +€23,608 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €199,953 | €223,562 | +€23,608 | +11.8% |
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 10 October 2026 via checked.be.