PORTUDENT: 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.
PORTUDENT
Largest movements
- Current investments +€63,647
up €63,647 (+125%), from €51,045 to €114,692
- Receivables within one year +€24,290
up €24,290 (+45.4%), from €53,512 to €77,803
- Deferred charges and accrued income +€9,450
up €9,450 (+29.5%), from €31,998 to €41,448
- Reserves +€101,293
up €101,293 (+28.6%), from €354,789 to €456,082
- Gross operating margin +€57,982
up €57,982 (+44.9%), from €129,243 to €187,226
- Financial income +€19,424
up €19,424 (+1,065%), from €1,823 to €21,247
- Financial charges +€17,339
up €17,339 (+40.7%), from €42,588 to €59,927
- Taxes +€14,503
up €14,503 (+60.1%), from €24,151 to €38,655
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 | €379,202 | €477,504 | +€98,302 | +25.9% |
| Fixed assets | 21/28 | €20,107 | €20,491 | +€384 | +1.9% |
| Tangible fixed assets | 22/27 | €20,107 | €20,491 | +€384 | +1.9% |
| Plant, machinery and equipment | 23 | €4,480 | €8,866 | +€4,386 | +97.9% |
| Furniture and vehicles | 24 | €15,627 | €11,625 | -€4,002 | -25.6% |
| Current assets | 29/58 | €359,095 | €457,013 | +€97,918 | +27.3% |
| Amounts receivable within one year | 40/41 | €53,512 | €77,803 | +€24,290 | +45.4% |
| Other amounts receivable | 41 | €53,512 | €77,803 | +€24,290 | +45.4% |
| Current investments | 50/53 | €51,045 | €114,692 | +€63,647 | +125% |
| Cash at bank and in hand | 54/58 | €222,540 | €223,071 | +€531 | +0.2% |
| Deferred charges and accrued income | 490/1 | €31,998 | €41,448 | +€9,450 | +29.5% |
| Total equity and liabilities | 10/49 | €379,202 | €477,504 | +€98,302 | +25.9% |
| Equity | 10/15 | €367,189 | €468,482 | +€101,293 | +27.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €354,789 | €456,082 | +€101,293 | +28.6% |
| Distributable reserves | 133 | €354,789 | €456,082 | +€101,293 | +28.6% |
| Amounts payable | 17/49 | €12,014 | €9,022 | -€2,991 | -24.9% |
| Amounts payable within one year | 42/48 | €12,014 | €9,022 | -€2,991 | -24.9% |
| Trade debts | 44 | €2,782 | €193 | -€2,589 | -93.1% |
| Suppliers | 440/4 | €2,782 | €193 | -€2,589 | -93.1% |
| Taxes, remuneration and social security | 45 | €9,231 | €8,830 | -€402 | -4.4% |
| Taxes | 450/3 | €9,151 | €8,830 | -€322 | -3.5% |
| Remuneration and social security | 454/9 | €80 | - | -€80 | |
| Non-recurring operating income | 76A | - | €1,091 | +€1,091 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,256 | €7,020 | +€763 | +12.2% |
| Other operating charges | 640/8 | €1,786 | €1,579 | -€207 | -11.6% |
| Gross operating margin | 9900 | €129,243 | €187,226 | +€57,982 | +44.9% |
| Operating profit (loss) | 9901 | €121,201 | €178,627 | +€57,426 | +47.4% |
| Financial income | 75/76B | €1,823 | €21,247 | +€19,424 | +1,065% |
| Recurring financial income | 75 | €1,823 | €21,247 | +€19,424 | +1,065% |
| Financial charges | 65/66B | €42,588 | €59,927 | +€17,339 | +40.7% |
| Recurring financial charges | 65 | €42,588 | €59,927 | +€17,339 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | €80,437 | €139,948 | +€59,511 | +74.0% |
| Income taxes | 67/77 | €24,151 | €38,655 | +€14,503 | +60.1% |
| Profit (loss) for the period | 9904 | €56,286 | €101,293 | +€45,007 | +80.0% |
| Profit (loss) for the period to be appropriated | 9905 | €56,286 | €101,293 | +€45,007 | +80.0% |
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 18 October 2026 via checked.be.