Portemilo: 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.
What changed
Portemilo
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€217,556
2024 · €432,026-€214,470
Equity
€7.4m
2024 · €7.2m+€217,556
Cash
€42,424
2024 · €74,949-€32,525
Balance sheet total
€12.9m
2024 · €12.1m+€746,859
Largest movements
Assets
- Tangible fixed assets +€1.5m
up €1.5m (+592%), from €257,000 to €1.8m
of which Land and buildings: +€1.4m
- Financial fixed assets -€474,135
down €474,135 (-4.3%), from €11.1m to €10.6m
- Receivables within one year -€295,482
down €295,482 (-41.6%), from €710,036 to €414,554
of which Other amounts receivable: -€394,484
Equity and liabilities
- Other debts +€426,432
up €426,432 (+19.4%), from €2.2m to €2.6m
- Debts after one year +€310,006
up €310,006 (+13.2%), from €2.4m to €2.7m
of which Financial debts: +€310,006
- Current portion of long-term debt -€226,680
down €226,680 (-75.6%), from €300,000 to €73,320
- Profit (loss) carried forward +€217,556
up €217,556 (+6.0%), from €3.6m to €3.9m
Income statement
- Financial income -€317,658
down €317,658 (-100.0%), from €317,704 to €46
- Other operating income +€260,002
new in 2025: €260,002
- Depreciation +€84,299
new in 2025: €84,299
- Turnover +€76,433
up €76,433 (+16.9%), from €452,623 to €529,056
- Financial charges +€35,549
up €35,549 (+91.5%), from €38,838 to €74,387
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.
Result 2024
€432,026
Turnover
+€76,433
Other operating income
+€260,002
Services and other goods
-€27,744
Staff costs
-€19,186
Depreciation
-€84,299
Other operating charges
-€34,945
Other operating items
+€1
Financial income
-€317,658
Financial charges
-€35,549
Other financial items
+€1
Taxes
-€31,527
Result 2025
€217,556
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.0m
Investment
-€1.1m
Financing
+€83,325
Cash 2024
€74,949
From operations (derived)
+€1.0m
Net result for the year
+€217,556
Depreciation
+€84,299
Receivables within one year
+€295,482
Deferred charges and accrued income
-€27,207
Trade debts
+€13,598
Tax, wage and social debts
-€6,052
Other debts
+€426,432
Accrued charges and deferred income
+€12,000
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.1m
Financing
+€83,325
Debts after one year
+€310,006
Current portion of long-term debt
-€226,680
Contributions, distributions and other
-€0
Not broken down
-€1
Cash 2025
€42,424
brings cash intakes cash outdifference the filed balance sheets leave
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,136,367 | €12,883,226 | +€746,859 | +6.2% |
| Fixed assets | 21/28 | €11,351,171 | €12,398,830 | +€1.0m | +9.2% |
| Tangible fixed assets | 22/27 | €257,000 | €1,778,794 | +€1.5m | +592% |
| Land and buildings | 22 | - | €1,444,643 | +€1.4m | |
| Furniture and vehicles | 24 | - | €77,151 | +€77,151 | |
| Other tangible fixed assets | 26 | €257,000 | €257,000 | = | 0.0% |
| Financial fixed assets | 28 | €11,094,171 | €10,620,036 | -€474,135 | -4.3% |
| Affiliated companies | 280/1 | €11,094,171 | €10,620,036 | -€474,135 | -4.3% |
| Participating interests | 280 | €11,094,171 | €10,620,036 | -€474,135 | -4.3% |
| Current assets | 29/58 | €785,196 | €484,396 | -€300,800 | -38.3% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €710,036 | €414,554 | -€295,482 | -41.6% |
| Trade receivables | 40 | €308,989 | €407,991 | +€99,002 | +32.0% |
| Other amounts receivable | 41 | €401,047 | €6,563 | -€394,484 | -98.4% |
| Cash at bank and in hand | 54/58 | €74,949 | €42,424 | -€32,525 | -43.4% |
| Deferred charges and accrued income | 490/1 | €210 | €27,417 | +€27,207 | +12,937% |
| Total equity and liabilities | 10/49 | €12,136,367 | €12,883,226 | +€746,859 | +6.2% |
| Equity | 10/15 | €7,167,244 | €7,384,800 | +€217,556 | +3.0% |
| Contributions | 10/11 | €3,490,000 | €3,490,000 | = | 0.0% |
| Reserves | 13 | €31,000 | €31,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €31,000 | €31,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,646,244 | €3,863,800 | +€217,556 | +6.0% |
| Amounts payable | 17/49 | €4,969,123 | €5,498,426 | +€529,303 | +10.7% |
| Amounts payable after more than one year | 17 | €2,354,031 | €2,664,037 | +€310,006 | +13.2% |
| Financial debts | 170/4 | - | €310,006 | +€310,006 | |
| Credit institutions | 173 | - | €310,006 | +€310,006 | |
| Trade debts | 175 | €0 | - | = | |
| Bills of exchange payable | 1751 | €0 | - | = | |
| Other amounts payable | 178/9 | €2,354,031 | €2,354,031 | -€0 | 0.0% |
| Amounts payable within one year | 42/48 | €2,615,091 | €2,822,389 | +€207,298 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €300,000 | €73,320 | -€226,680 | -75.6% |
| Trade debts | 44 | €34,983 | €48,581 | +€13,598 | +38.9% |
| Suppliers | 440/4 | €34,983 | €48,581 | +€13,598 | +38.9% |
| Taxes, remuneration and social security | 45 | €83,713 | €77,661 | -€6,052 | -7.2% |
| Taxes | 450/3 | €34,506 | €25,257 | -€9,249 | -26.8% |
| Remuneration and social security | 454/9 | €49,207 | €52,404 | +€3,197 | +6.5% |
| Other amounts payable | 47/48 | €2,196,395 | €2,622,827 | +€426,432 | +19.4% |
| Accrued charges and deferred income | 492/3 | - | €12,000 | +€12,000 | |
| Operating income | 70/76A | €452,623 | €789,058 | +€336,435 | +74.3% |
| Turnover | 70 | €452,623 | €529,056 | +€76,433 | +16.9% |
| Other operating income | 74 | - | €260,002 | +€260,002 | |
| Operating charges | 60/66A | €254,476 | €420,649 | +€166,173 | +65.3% |
| Services and other goods | 61 | €82,017 | €109,761 | +€27,744 | +33.8% |
| Remuneration, social security and pensions | 62 | €171,259 | €190,445 | +€19,186 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €84,299 | +€84,299 | |
| Other operating charges | 640/8 | €1,200 | €36,145 | +€34,945 | +2,911% |
| Operating profit (loss) | 9901 | €198,146 | €368,409 | +€170,263 | +85.9% |
| Financial income | 75/76B | €317,704 | €46 | -€317,658 | -100.0% |
| Recurring financial income | 75 | €317,704 | €46 | -€317,658 | -100.0% |
| Income from financial fixed assets | 750 | €300,000 | €0 | -€300,000 | -100% |
| Income from current assets | 751 | €17,704 | €38 | -€17,666 | -99.8% |
| Other financial income | 752/9 | - | €8 | +€8 | |
| Financial charges | 65/66B | €38,838 | €74,387 | +€35,549 | +91.5% |
| Recurring financial charges | 65 | €38,838 | €74,387 | +€35,549 | +91.5% |
| Debt charges | 650 | €38,343 | €73,270 | +€34,927 | +91.1% |
| Other financial charges | 652/9 | €496 | €1,117 | +€621 | +125% |
| Profit (loss) for the period before taxes | 9903 | €477,012 | €294,069 | -€182,943 | -38.4% |
| Income taxes | 67/77 | €44,986 | €76,513 | +€31,527 | +70.1% |
| Taxes | 670/3 | €45,000 | €76,513 | +€31,513 | +70.0% |
| Tax adjustments and reversals of tax provisions | 77 | €14 | €0 | -€14 | -100% |
| Profit (loss) for the period | 9904 | €432,026 | €217,556 | -€214,470 | -49.6% |
| Profit (loss) for the period to be appropriated | 9905 | €432,026 | €217,556 | -€214,470 | -49.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.