Porthos: 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.
Porthos
Largest movements
- Receivables within one year +€473
new in 2025: €473
of which Trade receivables: +€435
- Cash -€138
down €138 (-36.2%), from €381 to €243
mainly Other debts (-€13,500) and Receivables within one year (-€473)
- Tangible fixed assets -€94
no longer reported in 2025 (was €94)
- Other debts -€13,500
down €13,500 (-82.3%), from €16,412 to €2,912
- Profit (loss) carried forward +€13,277
up €13,277 (+41.9%), from -€31,703 to -€18,426
- Trade debts +€464
up €464 (+60.6%), from €766 to €1,230
- Gross operating margin +€24,893
up €24,893, from -€11,357 to €13,536
- Financial charges -€1,374
down €1,374 (-96.8%), from €1,419 to €45
- Other operating charges -€385
down €385 (-76.3%), from €505 to €120
- Depreciation -€246
down €246 (-72.3%), from €340 to €94
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 | €475 | €716 | +€241 | +50.7% |
| Fixed assets | 21/28 | €94 | - | -€94 | |
| Tangible fixed assets | 22/27 | €94 | - | -€94 | |
| Furniture and vehicles | 24 | €94 | - | -€94 | |
| Current assets | 29/58 | €381 | €716 | +€335 | +88.0% |
| Amounts receivable within one year | 40/41 | - | €473 | +€473 | |
| Trade receivables | 40 | - | €435 | +€435 | |
| Other amounts receivable | 41 | - | €38 | +€38 | |
| Cash at bank and in hand | 54/58 | €381 | €243 | -€138 | -36.2% |
| Total equity and liabilities | 10/49 | €475 | €716 | +€241 | +50.7% |
| Equity | 10/15 | -€16,703 | -€3,426 | +€13,277 | +79.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€31,703 | -€18,426 | +€13,277 | +41.9% |
| Amounts payable | 17/49 | €17,178 | €4,142 | -€13,036 | -75.9% |
| Amounts payable within one year | 42/48 | €17,178 | €4,142 | -€13,036 | -75.9% |
| Trade debts | 44 | €766 | €1,230 | +€464 | +60.6% |
| Suppliers | 440/4 | €766 | €1,230 | +€464 | +60.6% |
| Other amounts payable | 47/48 | €16,412 | €2,912 | -€13,500 | -82.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €340 | €94 | -€246 | -72.3% |
| Other operating charges | 640/8 | €505 | €120 | -€385 | -76.3% |
| Gross operating margin | 9900 | -€11,357 | €13,536 | +€24,893 | |
| Operating profit (loss) | 9901 | -€12,203 | €13,322 | +€25,525 | |
| Financial charges | 65/66B | €1,419 | €45 | -€1,374 | -96.8% |
| Recurring financial charges | 65 | €1,419 | €45 | -€1,374 | -96.8% |
| Profit (loss) for the period before taxes | 9903 | -€13,622 | €13,277 | +€26,898 | |
| Profit (loss) for the period | 9904 | -€13,622 | €13,277 | +€26,898 | |
| Profit (loss) for the period to be appropriated | 9905 | -€13,622 | €13,277 | +€26,898 |
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 19 October 2026 via checked.be.