Porto: 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.
Porto
Largest movements
- Receivables within one year -€26,281
down €26,281 (-36.0%), from €73,001 to €46,720
of which Other amounts receivable: -€13,967
- Cash +€8,594
up €8,594 (+97.6%), from €8,801 to €17,395
mainly Receivables within one year (+€26,281) and Depreciation (+€6,602)
- Tangible fixed assets -€5,489
down €5,489 (-18.2%), from €30,097 to €24,608
of which Furniture and vehicles: -€3,235
- Stocks and contracts +€5,200
up €5,200 (+137%), from €3,800 to €9,000
- Reserves -€11,697
down €11,697 (-14.3%), from €81,696 to €70,000
- Trade debts +€5,483
up €5,483 (+373%), from €1,469 to €6,952
- Tax, wage and social debts -€4,993
down €4,993 (-91.9%), from €5,435 to €441
- Debts after one year -€4,397
down €4,397 (-45.4%), from €9,686 to €5,289
- Profit (loss) carried forward -€1,177
new in 2025: -€1,177
- Gross operating margin -€23,018
down €23,018 (-78.0%), from €29,503 to €6,485
- Depreciation -€5,550
down €5,550 (-45.7%), from €12,151 to €6,602
- Taxes -€5,075
down €5,075 (-96.7%), from €5,250 to €176
- Financial income -€410
down €410 (-48.9%), from €837 to €427
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 | €115,699 | €98,610 | -€17,089 | -14.8% |
| Fixed assets | 21/28 | €30,097 | €24,608 | -€5,489 | -18.2% |
| Tangible fixed assets | 22/27 | €30,097 | €24,608 | -€5,489 | -18.2% |
| Land and buildings | 22 | €18,984 | €17,711 | -€1,273 | -6.7% |
| Plant, machinery and equipment | 23 | €3,689 | €2,709 | -€981 | -26.6% |
| Furniture and vehicles | 24 | €7,423 | €4,189 | -€3,235 | -43.6% |
| Current assets | 29/58 | €85,602 | €74,002 | -€11,600 | -13.6% |
| Stocks and contracts in progress | 3 | €3,800 | €9,000 | +€5,200 | +137% |
| Stocks | 30/36 | €3,800 | €9,000 | +€5,200 | +137% |
| Amounts receivable within one year | 40/41 | €73,001 | €46,720 | -€26,281 | -36.0% |
| Trade receivables | 40 | €59,034 | €46,720 | -€12,314 | -20.9% |
| Other amounts receivable | 41 | €13,967 | - | -€13,967 | |
| Cash at bank and in hand | 54/58 | €8,801 | €17,395 | +€8,594 | +97.6% |
| Deferred charges and accrued income | 490/1 | - | €887 | +€887 | |
| Total equity and liabilities | 10/49 | €115,699 | €98,610 | -€17,089 | -14.8% |
| Equity | 10/15 | €94,146 | €81,273 | -€12,874 | -13.7% |
| Contributions | 10/11 | €12,450 | €12,450 | = | 0.0% |
| Contributions outside capital | 11 | €12,450 | - | -€12,450 | |
| Share premium | 1100/10 | €12,450 | - | -€12,450 | |
| Reserves | 13 | €81,696 | €70,000 | -€11,697 | -14.3% |
| Distributable reserves | 133 | €81,696 | €70,000 | -€11,697 | -14.3% |
| Profit (loss) carried forward | 14 | - | -€1,177 | -€1,177 | |
| Amounts payable | 17/49 | €21,553 | €17,338 | -€4,216 | -19.6% |
| Amounts payable after more than one year | 17 | €9,686 | €5,289 | -€4,397 | -45.4% |
| Financial debts | 170/4 | €9,686 | €5,289 | -€4,397 | -45.4% |
| Amounts payable within one year | 42/48 | €11,867 | €12,048 | +€181 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €4,963 | €4,397 | -€566 | -11.4% |
| Trade debts | 44 | €1,469 | €6,952 | +€5,483 | +373% |
| Suppliers | 440/4 | €1,469 | €6,952 | +€5,483 | +373% |
| Taxes, remuneration and social security | 45 | €5,435 | €441 | -€4,993 | -91.9% |
| Taxes | 450/3 | €5,435 | €441 | -€4,993 | -91.9% |
| Other amounts payable | 47/48 | - | €258 | +€258 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,151 | €6,602 | -€5,550 | -45.7% |
| Other operating charges | 640/8 | €666 | €916 | +€250 | +37.6% |
| Gross operating margin | 9900 | €29,503 | €6,485 | -€23,018 | -78.0% |
| Operating profit (loss) | 9901 | €16,687 | -€1,033 | -€17,719 | |
| Financial income | 75/76B | €837 | €427 | -€410 | -48.9% |
| Recurring financial income | 75 | €837 | €427 | -€410 | -48.9% |
| Financial charges | 65/66B | €589 | €396 | -€193 | -32.8% |
| Recurring financial charges | 65 | €589 | €396 | -€193 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €16,935 | -€1,001 | -€17,936 | |
| Income taxes | 67/77 | €5,250 | €176 | -€5,075 | -96.7% |
| Profit (loss) for the period | 9904 | €11,684 | -€1,177 | -€12,861 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,684 | -€1,177 | -€12,861 |
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 15 October 2026 via checked.be.