Portevinho: 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.
Portevinho
Largest movements
- Tangible fixed assets -€16,367
down €16,367 (-27.3%), from €59,972 to €43,605
of which Plant, machinery and equipment: -€12,467
- Stocks and contracts -€7,402
down €7,402 (-5.3%), from €139,341 to €131,939
- Other debts -€17,537
down €17,537 (-12.1%), from €145,433 to €127,895
- Debts after one year -€13,434
down €13,434 (-54.2%), from €24,808 to €11,374
- Tax, wage and social debts +€2,885
up €2,885 (+59.5%), from €4,851 to €7,736
of which Taxes: +€2,037
- Trade debts +€2,223
up €2,223 (+36.3%), from €6,121 to €8,344
- Gross operating margin +€4,333
up €4,333 (+11.8%), from €36,831 to €41,164
- Other operating charges +€3,153
up €3,153 (+3,191%), from €99 to €3,252
- Financial charges +€1,165
up €1,165 (+39.8%), from €2,928 to €4,093
- Taxes +€891
up €891 (+304%), from €293 to €1,183
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 | €220,643 | €196,372 | -€24,272 | -11.0% |
| Fixed assets | 21/28 | €67,522 | €51,155 | -€16,367 | -24.2% |
| Tangible fixed assets | 22/27 | €59,972 | €43,605 | -€16,367 | -27.3% |
| Land and buildings | 22 | €13,479 | €10,639 | -€2,840 | -21.1% |
| Plant, machinery and equipment | 23 | €44,175 | €31,707 | -€12,467 | -28.2% |
| Furniture and vehicles | 24 | €2,318 | €1,258 | -€1,060 | -45.7% |
| Financial fixed assets | 28 | €7,550 | €7,550 | = | 0.0% |
| Current assets | 29/58 | €153,122 | €145,217 | -€7,904 | -5.2% |
| Stocks and contracts in progress | 3 | €139,341 | €131,939 | -€7,402 | -5.3% |
| Stocks | 30/36 | €139,341 | €131,939 | -€7,402 | -5.3% |
| Amounts receivable within one year | 40/41 | €2,308 | €3,990 | +€1,683 | +72.9% |
| Trade receivables | 40 | €1,701 | €3,627 | +€1,926 | +113% |
| Other amounts receivable | 41 | €607 | €363 | -€244 | -40.2% |
| Cash at bank and in hand | 54/58 | €11,473 | €9,288 | -€2,185 | -19.0% |
| Total equity and liabilities | 10/49 | €220,643 | €196,372 | -€24,272 | -11.0% |
| Equity | 10/15 | €26,412 | €27,589 | +€1,177 | +4.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,212 | €21,389 | +€1,177 | +5.8% |
| Distributable reserves | 133 | €20,212 | €21,389 | +€1,177 | +5.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €194,232 | €168,783 | -€25,449 | -13.1% |
| Amounts payable after more than one year | 17 | €24,808 | €11,374 | -€13,434 | -54.2% |
| Financial debts | 170/4 | €24,808 | €11,374 | -€13,434 | -54.2% |
| Amounts payable within one year | 42/48 | €169,424 | €157,409 | -€12,015 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €13,020 | €13,434 | +€414 | +3.2% |
| Trade debts | 44 | €6,121 | €8,344 | +€2,223 | +36.3% |
| Suppliers | 440/4 | €6,121 | €8,344 | +€2,223 | +36.3% |
| Taxes, remuneration and social security | 45 | €4,851 | €7,736 | +€2,885 | +59.5% |
| Taxes | 450/3 | €4,763 | €6,800 | +€2,037 | +42.8% |
| Remuneration and social security | 454/9 | €88 | €936 | +€848 | +963% |
| Other amounts payable | 47/48 | €145,433 | €127,895 | -€17,537 | -12.1% |
| Remuneration, social security and pensions | 62 | €13,521 | €13,492 | -€29 | -0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,273 | €18,028 | -€245 | -1.3% |
| Other operating charges | 640/8 | €99 | €3,252 | +€3,153 | +3,191% |
| Gross operating margin | 9900 | €36,831 | €41,164 | +€4,333 | +11.8% |
| Operating profit (loss) | 9901 | €4,939 | €6,392 | +€1,454 | +29.4% |
| Financial income | 75/76B | €108 | €61 | -€47 | -43.6% |
| Recurring financial income | 75 | €108 | €61 | -€47 | -43.6% |
| Financial charges | 65/66B | €2,928 | €4,093 | +€1,165 | +39.8% |
| Recurring financial charges | 65 | €2,928 | €4,093 | +€1,165 | +39.8% |
| Profit (loss) for the period before taxes | 9903 | €2,119 | €2,360 | +€242 | +11.4% |
| Income taxes | 67/77 | €293 | €1,183 | +€891 | +304% |
| Profit (loss) for the period | 9904 | €1,826 | €1,177 | -€649 | -35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,826 | €1,177 | -€649 | -35.5% |
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 18 October 2026 via checked.be.