PORTOL: 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.
PORTOL
Largest movements
- Receivables within one year +€66,871
up €66,871 (+227.5%), from €29,391 to €96,263
of which Trade receivables: +€65,845
- Receivables after one year -€60,000
down €60,000 (-54.5%), from €110,000 to €50,000
- Tangible fixed assets -€31,492
down €31,492 (-3.3%), from €958,397 to €926,906
of which Land and buildings: -€27,932
- Current investments +€24,325
up €24,325 (+17.9%), from €135,723 to €160,048
- Deferred charges and accrued income -€13,836
down €13,836 (-87.0%), from €15,908 to €2,072
- Other debts +€85,500
new in 2024: €85,500
- Reserves -€69,000
down €69,000 (-19.8%), from €348,000 to €279,000
- Debts after one year -€30,083
down €30,083 (-18.9%), from €159,042 to €128,959
- Gross operating margin -€30,526
down €30,526 (-28.4%), from €107,565 to €77,040
- Taxes -€9,933
down €9,933 (-43.9%), from €22,632 to €12,700
- Other operating charges -€3,033
down €3,033 (-45.4%), from €6,673 to €3,641
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,300,802 | €1,300,144 | -€658 | -0.1% |
| Fixed assets | 21/28 | €958,397 | €926,906 | -€31,492 | -3.3% |
| Tangible fixed assets | 22/27 | €958,397 | €926,906 | -€31,492 | -3.3% |
| Land and buildings | 22 | €944,976 | €917,044 | -€27,932 | -3.0% |
| Plant, machinery and equipment | 23 | €12,497 | €9,368 | -€3,129 | -25.0% |
| Furniture and vehicles | 24 | €924 | €493 | -€431 | -46.7% |
| Current assets | 29/58 | €342,405 | €373,238 | +€30,833 | +9.0% |
| Amounts receivable after more than one year | 29 | €110,000 | €50,000 | -€60,000 | -54.5% |
| Other amounts receivable | 291 | €110,000 | €50,000 | -€60,000 | -54.5% |
| Amounts receivable within one year | 40/41 | €29,391 | €96,263 | +€66,871 | +227.5% |
| Trade receivables | 40 | €9,659 | €75,503 | +€65,845 | +681.7% |
| Other amounts receivable | 41 | €19,732 | €20,759 | +€1,027 | +5.2% |
| Current investments | 50/53 | €135,723 | €160,048 | +€24,325 | +17.9% |
| Cash at bank and in hand | 54/58 | €51,383 | €64,856 | +€13,474 | +26.2% |
| Deferred charges and accrued income | 490/1 | €15,908 | €2,072 | -€13,836 | -87.0% |
| Total equity and liabilities | 10/49 | €1,300,802 | €1,300,144 | -€658 | -0.1% |
| Equity | 10/15 | €1,077,241 | €1,014,205 | -€63,036 | -5.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €348,000 | €279,000 | -€69,000 | -19.8% |
| Distributable reserves | 133 | €348,000 | €279,000 | -€69,000 | -19.8% |
| Profit (loss) carried forward | 14 | €708,781 | €714,745 | +€5,964 | +0.8% |
| Amounts payable | 17/49 | €223,561 | €285,939 | +€62,377 | +27.9% |
| Amounts payable after more than one year | 17 | €159,042 | €128,959 | -€30,083 | -18.9% |
| Financial debts | 170/4 | €159,042 | €128,959 | -€30,083 | -18.9% |
| Amounts payable within one year | 42/48 | €64,214 | €156,741 | +€92,527 | +144.1% |
| Current portion of amounts payable after more than one year | 42 | €31,818 | €32,163 | +€345 | +1.1% |
| Trade debts | 44 | €5,003 | €17,163 | +€12,160 | +243.0% |
| Suppliers | 440/4 | €5,003 | €17,163 | +€12,160 | +243.0% |
| Taxes, remuneration and social security | 45 | €27,392 | €21,915 | -€5,477 | -20.0% |
| Taxes | 450/3 | €27,392 | €21,915 | -€5,477 | -20.0% |
| Other amounts payable | 47/48 | - | €85,500 | +€85,500 | |
| Accrued charges and deferred income | 492/3 | €305 | €238 | -€67 | -21.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,741 | €32,075 | -€666 | -2.0% |
| Other operating charges | 640/8 | €6,673 | €3,641 | -€3,033 | -45.4% |
| Gross operating margin | 9900 | €107,565 | €77,040 | -€30,526 | -28.4% |
| Operating profit (loss) | 9901 | €68,151 | €41,324 | -€26,827 | -39.4% |
| Financial income | 75/76B | €706 | €491 | -€215 | -30.4% |
| Recurring financial income | 75 | €706 | €491 | -€215 | -30.4% |
| Financial charges | 65/66B | €2,810 | €2,151 | -€659 | -23.4% |
| Recurring financial charges | 65 | €2,810 | €2,151 | -€659 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | €66,047 | €39,664 | -€26,383 | -39.9% |
| Income taxes | 67/77 | €22,632 | €12,700 | -€9,933 | -43.9% |
| Profit (loss) for the period | 9904 | €43,415 | €26,964 | -€16,451 | -37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €43,415 | €26,964 | -€16,451 | -37.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.