Portomundi: 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.
Portomundi
Largest movements
- Cash +€2.3m
up €2.3m (+154%), from €1.5m to €3.8m
mainly Trade debts (+€3.1m) and Contributions, distributions and other (+€450,000)
- Intangible fixed assets +€441,922
up €441,922 (+1,374%), from €32,160 to €474,083
- Tangible fixed assets +€341,818
new in 2025: €341,818
of which Assets under construction and advance payments: +€339,327
- Receivables within one year +€227,434
up €227,434 (+179%), from €127,230 to €354,664
of which Trade receivables: +€149,858
- Trade debts +€3.1m
up €3.1m (+421%), from €735,375 to €3.8m
- Other debts -€466,442
down €466,442 (-57.7%), from €807,805 to €341,363
- Contributions +€450,000
up €450,000 (+600%), from €75,000 to €525,000
- Reserves +€122,481
up €122,481 (+387%), from €31,612 to €154,093
- Tax, wage and social debts +€70,934
up €70,934 (+670%), from €10,581 to €81,515
of which Taxes: +€50,568
- Gross operating margin +€236,418
up €236,418 (+123%), from €191,778 to €428,196
- Staff costs +€131,508
up €131,508 (+234,878%), from €56 to €131,564
- Depreciation +€91,592
up €91,592 (+313%), from €29,298 to €120,890
- Taxes +€34,756
up €34,756 (+329%), from €10,568 to €45,324
- Financial charges +€9,906
up €9,906 (+2,319%), from €427 to €10,333
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 | €1,660,374 | €4,972,218 | +€3.3m | +199% |
| Fixed assets | 21/28 | €32,160 | €819,361 | +€787,201 | +2,448% |
| Intangible fixed assets | 21 | €32,160 | €474,083 | +€441,922 | +1,374% |
| Tangible fixed assets | 22/27 | - | €341,818 | +€341,818 | |
| Plant, machinery and equipment | 23 | - | €2,492 | +€2,492 | |
| Assets under construction and advance payments | 27 | - | €339,327 | +€339,327 | |
| Financial fixed assets | 28 | - | €3,460 | +€3,460 | |
| Current assets | 29/58 | €1,628,213 | €4,152,857 | +€2.5m | +155% |
| Amounts receivable within one year | 40/41 | €127,230 | €354,664 | +€227,434 | +179% |
| Trade receivables | 40 | €40,696 | €190,553 | +€149,858 | +368% |
| Other amounts receivable | 41 | €86,535 | €164,111 | +€77,576 | +89.6% |
| Cash at bank and in hand | 54/58 | €1,492,755 | €3,797,943 | +€2.3m | +154% |
| Deferred charges and accrued income | 490/1 | €8,228 | €250 | -€7,978 | -97.0% |
| Total equity and liabilities | 10/49 | €1,660,374 | €4,972,218 | +€3.3m | +199% |
| Equity | 10/15 | €106,612 | €679,093 | +€572,481 | +537% |
| Contributions | 10/11 | €75,000 | €525,000 | +€450,000 | +600% |
| Reserves | 13 | €31,612 | €154,093 | +€122,481 | +387% |
| Distributable reserves | 133 | €31,612 | €154,093 | +€122,481 | +387% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,553,761 | €4,293,125 | +€2.7m | +176% |
| Amounts payable after more than one year | 17 | - | €12,000 | +€12,000 | |
| Financial debts | 170/4 | - | €12,000 | +€12,000 | |
| Amounts payable within one year | 42/48 | €1,553,761 | €4,279,925 | +€2.7m | +175% |
| Current portion of amounts payable after more than one year | 42 | - | €24,000 | +€24,000 | |
| Trade debts | 44 | €735,375 | €3,833,047 | +€3.1m | +421% |
| Suppliers | 440/4 | €735,375 | €3,833,047 | +€3.1m | +421% |
| Taxes, remuneration and social security | 45 | €10,581 | €81,515 | +€70,934 | +670% |
| Taxes | 450/3 | €10,581 | €61,149 | +€50,568 | +478% |
| Remuneration and social security | 454/9 | - | €20,366 | +€20,366 | |
| Other amounts payable | 47/48 | €807,805 | €341,363 | -€466,442 | -57.7% |
| Accrued charges and deferred income | 492/3 | - | €1,199 | +€1,199 | |
| Remuneration, social security and pensions | 62 | €56 | €131,564 | +€131,508 | +234,878% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,298 | €120,890 | +€91,592 | +313% |
| Other operating charges | 640/8 | €576 | €1,364 | +€789 | +137% |
| Gross operating margin | 9900 | €191,778 | €428,196 | +€236,418 | +123% |
| Operating profit (loss) | 9901 | €161,849 | €174,378 | +€12,529 | +7.7% |
| Financial income | 75/76B | - | €3,760 | +€3,760 | |
| Recurring financial income | 75 | - | €3,760 | +€3,760 | |
| Financial charges | 65/66B | €427 | €10,333 | +€9,906 | +2,319% |
| Recurring financial charges | 65 | €427 | €10,333 | +€9,906 | +2,319% |
| Profit (loss) for the period before taxes | 9903 | €161,422 | €167,805 | +€6,383 | +4.0% |
| Income taxes | 67/77 | €10,568 | €45,324 | +€34,756 | +329% |
| Profit (loss) for the period | 9904 | €150,854 | €122,481 | -€28,373 | -18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €150,854 | €122,481 | -€28,373 | -18.8% |
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 29 October 2026 via checked.be.