Portkey: what changed
Two fiscal 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.
Portkey
Largest movements
- Cash +€43,086
up €43,086 (+114.2%), from €37,717 to €80,803
mainly Net result for the year (+€31,698) and Depreciation (+€9,551)
- Receivables within one year +€14,183
up €14,183 (+73.1%), from €19,397 to €33,580
of which Trade receivables: +€14,183
- Tangible fixed assets -€9,551
down €9,551 (-65.6%), from €14,550 to €4,999
- Reserves +€96,164
new in 2025: €96,164
- Profit (loss) carried forward -€64,467
no longer reported in 2025 (was €64,467)
- Other debts +€8,410
up €8,410 (+216.3%), from €3,889 to €12,299
- Tax, wage and social debts +€7,467
up €7,467 (+210.4%), from €3,549 to €11,016
- Gross operating margin +€36,015
up €36,015 (+225.9%), from €15,941 to €51,956
- Taxes +€7,417
up €7,417 (+326.7%), from €2,270 to €9,687
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 | €72,622 | €120,365 | +€47,743 | +65.7% |
| Fixed assets | 21/28 | €14,550 | €4,999 | -€9,551 | -65.6% |
| Tangible fixed assets | 22/27 | €14,550 | €4,999 | -€9,551 | -65.6% |
| Furniture and vehicles | 24 | €14,550 | €4,999 | -€9,551 | -65.6% |
| Current assets | 29/58 | €58,072 | €115,365 | +€57,294 | +98.7% |
| Amounts receivable within one year | 40/41 | €19,397 | €33,580 | +€14,183 | +73.1% |
| Trade receivables | 40 | €11,667 | €25,850 | +€14,183 | +121.6% |
| Other amounts receivable | 41 | €7,730 | €7,730 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €37,717 | €80,803 | +€43,086 | +114.2% |
| Deferred charges and accrued income | 490/1 | €958 | €983 | +€24 | +2.5% |
| Total equity and liabilities | 10/49 | €72,622 | €120,365 | +€47,743 | +65.7% |
| Equity | 10/15 | €64,967 | €96,664 | +€31,698 | +48.8% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | - | €96,164 | +€96,164 | |
| Distributable reserves | 133 | - | €96,164 | +€96,164 | |
| Profit (loss) carried forward | 14 | €64,467 | - | -€64,467 | |
| Amounts payable | 17/49 | €7,655 | €23,700 | +€16,045 | +209.6% |
| Amounts payable within one year | 42/48 | €7,655 | €23,532 | +€15,877 | +207.4% |
| Trade debts | 44 | €218 | €218 | = | 0.0% |
| Suppliers | 440/4 | €218 | €218 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,549 | €11,016 | +€7,467 | +210.4% |
| Taxes | 450/3 | €3,549 | €11,016 | +€7,467 | +210.4% |
| Other amounts payable | 47/48 | €3,889 | €12,299 | +€8,410 | +216.3% |
| Accrued charges and deferred income | 492/3 | - | €168 | +€168 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,551 | €9,551 | = | 0.0% |
| Other operating charges | 640/8 | €942 | €956 | +€14 | +1.4% |
| Gross operating margin | 9900 | €15,941 | €51,956 | +€36,015 | +225.9% |
| Operating profit (loss) | 9901 | €5,448 | €41,449 | +€36,001 | +660.8% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €44 | €64 | +€21 | +47.1% |
| Recurring financial charges | 65 | €44 | €64 | +€21 | +47.1% |
| Profit (loss) for the period before taxes | 9903 | €5,405 | €41,385 | +€35,980 | +665.7% |
| Income taxes | 67/77 | €2,270 | €9,687 | +€7,417 | +326.7% |
| Profit (loss) for the period | 9904 | €3,135 | €31,698 | +€28,563 | +911.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,135 | €31,698 | +€28,563 | +911.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.