Portorium: what changed
Portorium
Largest movements
- Cash -€702,465
down €702,465 (-49.8%), from €1.4m to €708,233
mainly Investment in fixed assets (net) (-€455,039) and Other debts (-€386,694)
- Tangible fixed assets +€361,417
up €361,417 (+172%), from €209,943 to €571,360
of which Land and buildings: +€359,675
- Receivables within one year +€240,587
up €240,587 (+175%), from €137,150 to €377,737
of which Other amounts receivable: +€328,246
- Other debts -€386,694
down €386,694 (-94.0%), from €411,579 to €24,885
- Debts after one year +€347,646
up €347,646 (+882%), from €39,403 to €387,049
- Tax, wage and social debts -€101,457
down €101,457 (-79.0%), from €128,413 to €26,955
of which Taxes: -€90,434
- Profit (loss) carried forward +€94,317
up €94,317 (+4.7%), from -€2.0m to -€1.9m
- Trade debts -€36,493
down €36,493 (-47.9%), from €76,112 to €39,619
- Gross operating margin -€1.4m
down €1.4m (-83.9%), from €1.7m to €277,009
- Staff costs -€602,244
down €602,244 (-86.4%), from €697,386 to €95,142
- Taxes -€78,134
down €78,134 (-75.0%), from €104,247 to €26,113
- Depreciation +€71,897
up €71,897 (+331%), from €21,724 to €93,621
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,761,647 | €1,666,952 | -€94,696 | -5.4% |
| Fixed assets | 21/28 | €209,943 | €571,360 | +€361,417 | +172% |
| Tangible fixed assets | 22/27 | €209,943 | €571,360 | +€361,417 | +172% |
| Land and buildings | 22 | €183,580 | €543,255 | +€359,675 | +196% |
| Plant, machinery and equipment | 23 | €8,864 | €14,677 | +€5,813 | +65.6% |
| Furniture and vehicles | 24 | €17,499 | €13,427 | -€4,072 | -23.3% |
| Current assets | 29/58 | €1,551,704 | €1,095,592 | -€456,113 | -29.4% |
| Amounts receivable within one year | 40/41 | €137,150 | €377,737 | +€240,587 | +175% |
| Trade receivables | 40 | €122,295 | €34,636 | -€87,659 | -71.7% |
| Other amounts receivable | 41 | €14,855 | €343,101 | +€328,246 | +2,210% |
| Cash at bank and in hand | 54/58 | €1,410,698 | €708,233 | -€702,465 | -49.8% |
| Deferred charges and accrued income | 490/1 | €3,855 | €9,621 | +€5,766 | +150% |
| Total equity and liabilities | 10/49 | €1,761,647 | €1,666,952 | -€94,696 | -5.4% |
| Equity | 10/15 | €1,077,726 | €1,136,351 | +€58,625 | +5.4% |
| Contributions | 10/11 | €1,300,000 | €1,300,000 | = | 0.0% |
| Reserves | 13 | €1,798,495 | €1,762,803 | -€35,692 | -2.0% |
| Tax-exempt reserves | 132 | €20,870 | €20,870 | = | 0.0% |
| Distributable reserves | 133 | €1,777,625 | €1,741,933 | -€35,692 | -2.0% |
| Profit (loss) carried forward | 14 | -€2,020,769 | -€1,926,452 | +€94,317 | +4.7% |
| Amounts payable | 17/49 | €683,921 | €530,601 | -€153,320 | -22.4% |
| Amounts payable after more than one year | 17 | €39,403 | €387,049 | +€347,646 | +882% |
| Financial debts | 170/4 | €39,403 | €387,049 | +€347,646 | +882% |
| Amounts payable within one year | 42/48 | €636,223 | €134,960 | -€501,263 | -78.8% |
| Current portion of amounts payable after more than one year | 42 | €20,119 | €43,500 | +€23,381 | +116% |
| Trade debts | 44 | €76,112 | €39,619 | -€36,493 | -47.9% |
| Suppliers | 440/4 | €76,112 | €39,619 | -€36,493 | -47.9% |
| Taxes, remuneration and social security | 45 | €128,413 | €26,955 | -€101,457 | -79.0% |
| Taxes | 450/3 | €111,356 | €20,922 | -€90,434 | -81.2% |
| Remuneration and social security | 454/9 | €17,057 | €6,033 | -€11,023 | -64.6% |
| Other amounts payable | 47/48 | €411,579 | €24,885 | -€386,694 | -94.0% |
| Accrued charges and deferred income | 492/3 | €8,295 | €8,592 | +€297 | +3.6% |
| Non-recurring operating income | 76A | €509 | €0 | -€509 | -100% |
| Remuneration, social security and pensions | 62 | €697,386 | €95,142 | -€602,244 | -86.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,724 | €93,621 | +€71,897 | +331% |
| Other operating charges | 640/8 | €3,849 | €6,908 | +€3,060 | +79.5% |
| Gross operating margin | 9900 | €1,723,545 | €277,009 | -€1.4m | -83.9% |
| Operating profit (loss) | 9901 | €1,000,586 | €81,337 | -€919,249 | -91.9% |
| Financial income | 75/76B | €643 | €11,801 | +€11,158 | +1,736% |
| Recurring financial income | 75 | €643 | €11,801 | +€11,158 | +1,736% |
| Financial charges | 65/66B | €21,508 | €8,400 | -€13,108 | -60.9% |
| Recurring financial charges | 65 | €21,508 | €8,400 | -€13,108 | -60.9% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €979,721 | €84,738 | -€894,983 | -91.4% |
| Income taxes | 67/77 | €104,247 | €26,113 | -€78,134 | -75.0% |
| Profit (loss) for the period | 9904 | €875,474 | €58,625 | -€816,849 | -93.3% |
| Profit (loss) for the period to be appropriated | 9905 | €875,474 | €58,625 | -€816,849 | -93.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.