PORTUS: 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.
PORTUS
Largest movements
- Receivables within one year +€48,624
up €48,624 (+52.4%), from €92,789 to €141,413
of which Trade receivables: +€63,286
- Cash -€44,770
down €44,770 (-64.8%), from €69,139 to €24,368
mainly Contributions, distributions and other (-€201,756) and Receivables within one year (-€48,624)
- Tangible fixed assets +€5,509
up €5,509 (+5.3%), from €103,703 to €109,212
of which Furniture and vehicles: +€11,378
- Reserves -€192,144
down €192,144 (-57.6%), from €333,684 to €141,539
of which Distributable reserves: -€192,144
- Other debts +€166,389
up €166,389 (+163%), from €101,990 to €268,378
- Trade debts +€49,134
up €49,134 (+2,343%), from €2,097 to €51,231
- Accrued charges and deferred income -€20,096
down €20,096 (-95.7%), from €21,006 to €910
- Tax, wage and social debts +€5,465
up €5,465 (+35.0%), from €15,618 to €21,083
- Gross operating margin +€12,582
up €12,582 (+47.5%), from €26,475 to €39,057
- Other operating charges +€8,838
up €8,838 (+374%), from €2,365 to €11,203
- Taxes +€2,620
up €2,620 (+191%), from €1,371 to €3,991
- Depreciation +€1,914
up €1,914 (+18.7%), from €10,220 to €12,134
- Financial charges +€1,435
up €1,435 (+208%), from €691 to €2,126
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 | €486,794 | €495,542 | +€8,747 | +1.8% |
| Fixed assets | 21/28 | €103,867 | €109,212 | +€5,345 | +5.1% |
| Intangible fixed assets | 21 | €164 | - | -€164 | |
| Tangible fixed assets | 22/27 | €103,703 | €109,212 | +€5,509 | +5.3% |
| Land and buildings | 22 | €97,646 | €92,752 | -€4,895 | -5.0% |
| Furniture and vehicles | 24 | €4,313 | €15,691 | +€11,378 | +264% |
| Other tangible fixed assets | 26 | €1,743 | €769 | -€974 | -55.9% |
| Current assets | 29/58 | €382,927 | €386,330 | +€3,402 | +0.9% |
| Amounts receivable within one year | 40/41 | €92,789 | €141,413 | +€48,624 | +52.4% |
| Trade receivables | 40 | €76,116 | €139,402 | +€63,286 | +83.1% |
| Other amounts receivable | 41 | €16,673 | €2,011 | -€14,662 | -87.9% |
| Current investments | 50/53 | €221,000 | €220,548 | -€452 | -0.2% |
| Cash at bank and in hand | 54/58 | €69,139 | €24,368 | -€44,770 | -64.8% |
| Total equity and liabilities | 10/49 | €486,794 | €495,542 | +€8,747 | +1.8% |
| Equity | 10/15 | €346,084 | €153,939 | -€192,144 | -55.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €333,684 | €141,539 | -€192,144 | -57.6% |
| Tax-exempt reserves | 132 | €36,901 | €36,901 | = | 0.0% |
| Distributable reserves | 133 | €296,783 | €104,639 | -€192,144 | -64.7% |
| Amounts payable | 17/49 | €140,711 | €341,602 | +€200,892 | +143% |
| Amounts payable within one year | 42/48 | €119,705 | €340,692 | +€220,987 | +185% |
| Trade debts | 44 | €2,097 | €51,231 | +€49,134 | +2,343% |
| Suppliers | 440/4 | €2,097 | €51,231 | +€49,134 | +2,343% |
| Taxes, remuneration and social security | 45 | €15,618 | €21,083 | +€5,465 | +35.0% |
| Taxes | 450/3 | €15,618 | €21,083 | +€5,465 | +35.0% |
| Other amounts payable | 47/48 | €101,990 | €268,378 | +€166,389 | +163% |
| Accrued charges and deferred income | 492/3 | €21,006 | €910 | -€20,096 | -95.7% |
| Non-recurring operating income | 76A | - | €4,566 | +€4,566 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,220 | €12,134 | +€1,914 | +18.7% |
| Other operating charges | 640/8 | €2,365 | €11,203 | +€8,838 | +374% |
| Gross operating margin | 9900 | €26,475 | €39,057 | +€12,582 | +47.5% |
| Operating profit (loss) | 9901 | €13,890 | €15,720 | +€1,829 | +13.2% |
| Financial income | 75/76B | €437 | €8 | -€429 | -98.1% |
| Recurring financial income | 75 | €437 | €8 | -€429 | -98.1% |
| Financial charges | 65/66B | €691 | €2,126 | +€1,435 | +208% |
| Recurring financial charges | 65 | €691 | €2,126 | +€1,435 | +208% |
| Profit (loss) for the period before taxes | 9903 | €13,636 | €13,602 | -€34 | -0.3% |
| Income taxes | 67/77 | €1,371 | €3,991 | +€2,620 | +191% |
| Profit (loss) for the period | 9904 | €12,266 | €9,611 | -€2,654 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,266 | €9,611 | -€2,654 | -21.6% |
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 17 October 2026 via checked.be.