MOREPUBLISHERS: 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.
MOREPUBLISHERS
Largest movements
- Stocks and contracts +€9,630
up €9,630 (+144%), from €6,683 to €16,314
- Receivables after one year +€3,500
up €3,500 (+56.3%), from €6,215 to €9,715
- Cash +€3,236
up €3,236 (+398%), from €813 to €4,049
mainly Net result for the year (+€12,470) and Trade debts (+€2,734)
- Receivables within one year +€964
up €964 (+53.1%), from €1,815 to €2,779
of which Other amounts receivable: +€885
- Tangible fixed assets -€598
down €598 (-16.8%), from €3,552 to €2,954
- Profit (loss) carried forward +€12,470
up €12,470 (+124%), from €10,049 to €22,518
- Trade debts +€2,734
up €2,734 (+409%), from €668 to €3,403
- Tax, wage and social debts +€2,070
up €2,070 (+38.1%), from €5,429 to €7,499
of which Remuneration and social security: +€2,600
- Gross operating margin +€2,616
up €2,616 (+18.1%), from €14,459 to €17,075
- Financial income +€773
up €773 (+961%), from €80 to €853
- Taxes +€639
up €639 (+20.9%), from €3,060 to €3,699
- Depreciation +€423
up €423 (+242%), from €175 to €598
- Other operating charges -€279
down €279 (-32.6%), from €854 to €576
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 | €19,159 | €36,420 | +€17,261 | +90.1% |
| Fixed assets | 21/28 | €3,552 | €2,954 | -€598 | -16.8% |
| Tangible fixed assets | 22/27 | €3,552 | €2,954 | -€598 | -16.8% |
| Furniture and vehicles | 24 | €3,552 | €2,954 | -€598 | -16.8% |
| Current assets | 29/58 | €15,607 | €33,466 | +€17,859 | +114% |
| Amounts receivable after more than one year | 29 | €6,215 | €9,715 | +€3,500 | +56.3% |
| Other amounts receivable | 291 | €6,215 | €9,715 | +€3,500 | +56.3% |
| Stocks and contracts in progress | 3 | €6,683 | €16,314 | +€9,630 | +144% |
| Stocks | 30/36 | €6,683 | €16,314 | +€9,630 | +144% |
| Amounts receivable within one year | 40/41 | €1,815 | €2,779 | +€964 | +53.1% |
| Trade receivables | 40 | €1,508 | €1,587 | +€79 | +5.2% |
| Other amounts receivable | 41 | €307 | €1,192 | +€885 | +288% |
| Cash at bank and in hand | 54/58 | €813 | €4,049 | +€3,236 | +398% |
| Deferred charges and accrued income | 490/1 | €80 | €610 | +€530 | +659% |
| Total equity and liabilities | 10/49 | €19,159 | €36,420 | +€17,261 | +90.1% |
| Equity | 10/15 | €13,049 | €25,518 | +€12,470 | +95.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,049 | €22,518 | +€12,470 | +124% |
| Amounts payable | 17/49 | €6,110 | €10,902 | +€4,792 | +78.4% |
| Amounts payable within one year | 42/48 | €6,110 | €10,902 | +€4,792 | +78.4% |
| Trade debts | 44 | €668 | €3,403 | +€2,734 | +409% |
| Suppliers | 440/4 | €668 | €3,403 | +€2,734 | +409% |
| Taxes, remuneration and social security | 45 | €5,429 | €7,499 | +€2,070 | +38.1% |
| Taxes | 450/3 | €5,429 | €4,899 | -€530 | -9.8% |
| Remuneration and social security | 454/9 | - | €2,600 | +€2,600 | |
| Other amounts payable | 47/48 | €13 | - | -€13 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €175 | €598 | +€423 | +242% |
| Other operating charges | 640/8 | €854 | €576 | -€279 | -32.6% |
| Gross operating margin | 9900 | €14,459 | €17,075 | +€2,616 | +18.1% |
| Operating profit (loss) | 9901 | €13,430 | €15,902 | +€2,472 | +18.4% |
| Financial income | 75/76B | €80 | €853 | +€773 | +961% |
| Recurring financial income | 75 | €80 | €853 | +€773 | +961% |
| Financial charges | 65/66B | €401 | €587 | +€185 | +46.1% |
| Recurring financial charges | 65 | €401 | €587 | +€185 | +46.1% |
| Profit (loss) for the period before taxes | 9903 | €13,109 | €16,169 | +€3,060 | +23.3% |
| Income taxes | 67/77 | €3,060 | €3,699 | +€639 | +20.9% |
| Profit (loss) for the period | 9904 | €10,049 | €12,470 | +€2,421 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €10,049 | €12,470 | +€2,421 | +24.1% |
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 13 October 2026 via checked.be.