PORTOFINO CLASSICS: what changed
PORTOFINO CLASSICS
Largest movements
- Cash +€79,326
up €79,326 (+95.4%), from €83,146 to €162,472
mainly Net result for the year (+€52,743) and Other debts (+€46,147)
- Tangible fixed assets -€37,020
down €37,020 (-75.4%), from €49,077 to €12,058
of which Furniture and vehicles: -€34,556
- Receivables within one year -€13,811
down €13,811 (-63.8%), from €21,638 to €7,827
- Other debts +€46,147
up €46,147 (+335%), from €13,788 to €59,934
- Trade debts -€13,929
down €13,929 (-52.7%), from €26,414 to €12,485
- Debts after one year -€11,384
down €11,384 (-30.4%), from €37,489 to €26,105
- Tax, wage and social debts +€10,766
up €10,766 (+66.7%), from €16,146 to €26,912
- Current portion of long-term debt -€1,878
down €1,878 (-14.2%), from €13,261 to €11,384
- Gross operating margin +€34,159
up €34,159 (+72.2%), from €47,286 to €81,445
- Taxes +€10,173
up €10,173 (+108%), from €9,428 to €19,602
- Depreciation -€7,397
down €7,397 (-59.4%), from €12,449 to €5,053
- Other operating charges +€1,137
up €1,137 (+134%), from €851 to €1,988
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €155,363 | €183,675 | +€28,312 | +18.2% |
| Fixed assets | 21/28 | €49,077 | €12,058 | -€37,020 | -75.4% |
| Tangible fixed assets | 22/27 | €49,077 | €12,058 | -€37,020 | -75.4% |
| Plant, machinery and equipment | 23 | €411 | €0 | -€411 | -100% |
| Furniture and vehicles | 24 | €46,614 | €12,058 | -€34,556 | -74.1% |
| Leasing and similar rights | 25 | €2,052 | €0 | -€2,052 | -100% |
| Current assets | 29/58 | €106,286 | €171,618 | +€65,332 | +61.5% |
| Amounts receivable within one year | 40/41 | €21,638 | €7,827 | -€13,811 | -63.8% |
| Trade receivables | 40 | €21,638 | €7,827 | -€13,811 | -63.8% |
| Cash at bank and in hand | 54/58 | €83,146 | €162,472 | +€79,326 | +95.4% |
| Deferred charges and accrued income | 490/1 | €1,503 | €1,319 | -€184 | -12.2% |
| Total equity and liabilities | 10/49 | €155,363 | €183,675 | +€28,312 | +18.2% |
| Equity | 10/15 | €46,830 | €46,830 | = | 0.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €36,830 | €36,830 | = | 0.0% |
| Distributable reserves | 133 | €36,830 | €36,830 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €108,533 | €136,845 | +€28,312 | +26.1% |
| Amounts payable after more than one year | 17 | €37,489 | €26,105 | -€11,384 | -30.4% |
| Financial debts | 170/4 | €37,489 | €26,105 | -€11,384 | -30.4% |
| Amounts payable within one year | 42/48 | €69,609 | €110,715 | +€41,106 | +59.1% |
| Current portion of amounts payable after more than one year | 42 | €13,261 | €11,384 | -€1,878 | -14.2% |
| Trade debts | 44 | €26,414 | €12,485 | -€13,929 | -52.7% |
| Suppliers | 440/4 | €26,414 | €12,485 | -€13,929 | -52.7% |
| Taxes, remuneration and social security | 45 | €16,146 | €26,912 | +€10,766 | +66.7% |
| Taxes | 450/3 | €16,146 | €26,912 | +€10,766 | +66.7% |
| Other amounts payable | 47/48 | €13,788 | €59,934 | +€46,147 | +335% |
| Accrued charges and deferred income | 492/3 | €1,435 | €25 | -€1,410 | -98.3% |
| Non-recurring operating income | 76A | - | €8,118 | +€8,118 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,449 | €5,053 | -€7,397 | -59.4% |
| Other operating charges | 640/8 | €851 | €1,988 | +€1,137 | +134% |
| Gross operating margin | 9900 | €47,286 | €81,445 | +€34,159 | +72.2% |
| Operating profit (loss) | 9901 | €33,985 | €74,404 | +€40,419 | +119% |
| Financial income | 75/76B | €116 | €175 | +€59 | +51.4% |
| Recurring financial income | 75 | €116 | €175 | +€59 | +51.4% |
| Financial charges | 65/66B | €2,556 | €2,234 | -€322 | -12.6% |
| Recurring financial charges | 65 | €2,556 | €2,234 | -€322 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €31,545 | €72,345 | +€40,800 | +129% |
| Income taxes | 67/77 | €9,428 | €19,602 | +€10,173 | +108% |
| Profit (loss) for the period | 9904 | €22,117 | €52,743 | +€30,627 | +138% |
| Profit (loss) for the period to be appropriated | 9905 | €22,117 | €52,743 | +€30,627 | +138% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.