PORTFINECO: 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
PORTFINECO
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€528,902
2024 · €2.7m-€2.2m
Equity
€5.5m
2024 · €5.7m-€171,098
Cash
€2,170
2024 · €30,651-€28,481
Balance sheet total
€6.2m
2024 · €7.7m-€1.5m
Largest movements
Assets
- Receivables within one year -€1.4m
down €1.4m (-37.2%), from €3.8m to €2.4m
Equity and liabilities
- Other debts -€1.3m
down €1.3m (-65.0%), from €2.0m to €700,000
- Profit (loss) carried forward -€207,793
down €207,793 (-11.7%), from €1.8m to €1.6m
Income statement
- Financial income -€2.2m
down €2.2m (-79.3%), from €2.8m to €577,490
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
€2.7m
Other operating charges
+€1,966
Other operating items
-€582
Financial income
-€2.2m
Financial charges
-€249
Result 2025
€528,902
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
+€671,519
Investment
€0
Financing
-€700,000
Cash 2024
€30,651
From operations (derived)
+€671,519
Net result for the year
+€528,902
Receivables within one year
+€1.4m
Deferred charges and accrued income
+€12,038
Trade debts
-€2,650
Other debts
-€1.3m
Financing
-€700,000
Contributions, distributions and other
-€700,000
Cash 2025
€2,170
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,708,354 | €6,234,606 | -€1.5m | -19.1% |
| Fixed assets | 21/28 | €3,811,484 | €3,811,484 | = | 0.0% |
| Financial fixed assets | 28 | €3,811,484 | €3,811,484 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €3,811,484 | €3,811,484 | = | 0.0% |
| Participating interests | 282 | €3,811,484 | €3,811,484 | = | 0.0% |
| Current assets | 29/58 | €3,896,870 | €2,423,122 | -€1.5m | -37.8% |
| Amounts receivable within one year | 40/41 | €3,848,602 | €2,415,372 | -€1.4m | -37.2% |
| Other amounts receivable | 41 | €3,848,602 | €2,415,372 | -€1.4m | -37.2% |
| Cash at bank and in hand | 54/58 | €30,651 | €2,170 | -€28,481 | -92.9% |
| Deferred charges and accrued income | 490/1 | €17,617 | €5,579 | -€12,038 | -68.3% |
| Total equity and liabilities | 10/49 | €7,708,354 | €6,234,606 | -€1.5m | -19.1% |
| Equity | 10/15 | €5,701,289 | €5,530,192 | -€171,098 | -3.0% |
| Contributions | 10/11 | €3,600,000 | €3,600,000 | = | 0.0% |
| Capital | 10 | €3,600,000 | €3,600,000 | = | 0.0% |
| Issued capital | 100 | €3,600,000 | €3,600,000 | = | 0.0% |
| Reserves | 13 | €323,305 | €360,000 | +€36,695 | +11.3% |
| Non-distributable reserves | 130/1 | €323,305 | €360,000 | +€36,695 | +11.3% |
| Legal reserve | 130 | €323,305 | €360,000 | +€36,695 | +11.3% |
| Profit (loss) carried forward | 14 | €1,777,984 | €1,570,192 | -€207,793 | -11.7% |
| Amounts payable | 17/49 | €2,007,064 | €704,414 | -€1.3m | -64.9% |
| Amounts payable within one year | 42/48 | €2,007,064 | €704,414 | -€1.3m | -64.9% |
| Trade debts | 44 | €7,064 | €4,414 | -€2,650 | -37.5% |
| Suppliers | 440/4 | €7,064 | €4,414 | -€2,650 | -37.5% |
| Other amounts payable | 47/48 | €2,000,000 | €700,000 | -€1.3m | -65.0% |
| Operating charges | 60/66A | €49,602 | €48,218 | -€1,384 | -2.8% |
| Services and other goods | 61 | €47,451 | €48,033 | +€582 | +1.2% |
| Other operating charges | 640/8 | €2,151 | €185 | -€1,966 | -91.4% |
| Operating profit (loss) | 9901 | -€49,602 | -€48,218 | +€1,384 | +2.8% |
| Financial income | 75/76B | €2,784,204 | €577,490 | -€2.2m | -79.3% |
| Recurring financial income | 75 | €2,784,204 | €577,490 | -€2.2m | -79.3% |
| Income from financial fixed assets | 750 | €2,761,746 | €540,678 | -€2.2m | -80.4% |
| Income from current assets | 751 | €22,459 | €36,812 | +€14,354 | +63.9% |
| Financial charges | 65/66B | €121 | €370 | +€249 | +206% |
| Recurring financial charges | 65 | €121 | €370 | +€249 | +206% |
| Other financial charges | 652/9 | €121 | €370 | +€249 | +206% |
| Profit (loss) for the period before taxes | 9903 | €2,734,481 | €528,902 | -€2.2m | -80.7% |
| Profit (loss) for the period | 9904 | €2,734,481 | €528,902 | -€2.2m | -80.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,734,481 | €528,902 | -€2.2m | -80.7% |
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 27 October 2026 via checked.be.