PUBLI DEMA: 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.
PUBLI DEMA
Largest movements
- Tangible fixed assets +€90,437
up €90,437 (+122.9%), from €73,602 to €164,039
of which Plant, machinery and equipment: +€112,441
- Receivables within one year +€30,920
up €30,920 (+66.2%), from €46,717 to €77,637
of which Other amounts receivable: +€16,483
- Cash +€28,760
up €28,760 (+43.0%), from €66,916 to €95,676
mainly Trade debts (+€117,471) and Net result for the year (+€73,605)
- Stocks and contracts -€8,148
down €8,148 (-66.0%), from €12,345 to €4,196
- Trade debts +€117,471
up €117,471 (+3229.7%), from €3,637 to €121,108
- Reserves +€52,245
up €52,245 (+55.5%), from €94,168 to €146,413
of which Distributable reserves: +€52,245
- Current portion of long-term debt -€21,225
down €21,225 (-72.8%), from €29,150 to €7,925
- Other debts +€17,167
up €17,167 (+173.2%), from €9,911 to €27,077
- Tax, wage and social debts -€13,448
down €13,448 (-73.1%), from €18,398 to €4,950
of which Taxes: -€13,448
- Staff costs -€23,020
down €23,020 (-100.0%), from €23,020 to €0
- Financial charges +€14,304
up €14,304 (+369.4%), from €3,873 to €18,176
- Depreciation +€7,198
up €7,198 (+35.9%), from €20,070 to €27,267
- Gross operating margin -€1,579
down €1,579 (-1.1%), from €148,254 to €146,675
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.
Cash bridge derived
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 | €203,784 | €347,319 | +€143,535 | +70.4% |
| Fixed assets | 21/28 | €73,602 | €164,039 | +€90,437 | +122.9% |
| Tangible fixed assets | 22/27 | €73,602 | €164,039 | +€90,437 | +122.9% |
| Plant, machinery and equipment | 23 | €6,650 | €119,090 | +€112,441 | +1690.9% |
| Furniture and vehicles | 24 | €22,783 | €10,285 | -€12,498 | -54.9% |
| Leasing and similar rights | 25 | €44,169 | €34,663 | -€9,506 | -21.5% |
| Current assets | 29/58 | €130,182 | €183,280 | +€53,098 | +40.8% |
| Stocks and contracts in progress | 3 | €12,345 | €4,196 | -€8,148 | -66.0% |
| Stocks | 30/36 | €12,345 | €4,196 | -€8,148 | -66.0% |
| Amounts receivable within one year | 40/41 | €46,717 | €77,637 | +€30,920 | +66.2% |
| Trade receivables | 40 | €46,717 | €61,154 | +€14,438 | +30.9% |
| Other amounts receivable | 41 | - | €16,483 | +€16,483 | |
| Cash at bank and in hand | 54/58 | €66,916 | €95,676 | +€28,760 | +43.0% |
| Deferred charges and accrued income | 490/1 | €4,205 | €5,771 | +€1,566 | +37.2% |
| Total equity and liabilities | 10/49 | €203,784 | €347,319 | +€143,535 | +70.4% |
| Equity | 10/15 | €112,768 | €165,013 | +€52,245 | +46.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €94,168 | €146,413 | +€52,245 | +55.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €94,168 | €146,413 | +€52,245 | +55.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €91,016 | €182,305 | +€91,289 | +100.3% |
| Amounts payable after more than one year | 17 | €29,921 | €20,674 | -€9,247 | -30.9% |
| Financial debts | 170/4 | €29,921 | €20,674 | -€9,247 | -30.9% |
| Amounts payable within one year | 42/48 | €61,095 | €161,060 | +€99,965 | +163.6% |
| Current portion of amounts payable after more than one year | 42 | €29,150 | €7,925 | -€21,225 | -72.8% |
| Trade debts | 44 | €3,637 | €121,108 | +€117,471 | +3229.7% |
| Suppliers | 440/4 | €3,637 | €121,108 | +€117,471 | +3229.7% |
| Taxes, remuneration and social security | 45 | €18,398 | €4,950 | -€13,448 | -73.1% |
| Taxes | 450/3 | €18,398 | €4,950 | -€13,448 | -73.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €9,911 | €27,077 | +€17,167 | +173.2% |
| Accrued charges and deferred income | 492/3 | €0 | €571 | +€571 | |
| Remuneration, social security and pensions | 62 | €23,020 | €0 | -€23,020 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,070 | €27,267 | +€7,198 | +35.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €570 | +€570 | |
| Other operating charges | 640/8 | €1,522 | €2,608 | +€1,086 | +71.4% |
| Gross operating margin | 9900 | €148,254 | €146,675 | -€1,579 | -1.1% |
| Operating profit (loss) | 9901 | €103,642 | €116,229 | +€12,587 | +12.1% |
| Financial income | 75/76B | €1,677 | €2,368 | +€691 | +41.2% |
| Recurring financial income | 75 | €1,677 | €2,368 | +€691 | +41.2% |
| Financial charges | 65/66B | €3,873 | €18,176 | +€14,304 | +369.4% |
| Recurring financial charges | 65 | €3,873 | €18,176 | +€14,304 | +369.4% |
| Profit (loss) for the period before taxes | 9903 | €101,447 | €100,421 | -€1,026 | -1.0% |
| Income taxes | 67/77 | €27,929 | €26,816 | -€1,114 | -4.0% |
| Profit (loss) for the period | 9904 | €73,518 | €73,605 | +€88 | +0.1% |
| Profit (loss) for the period to be appropriated | 9905 | €73,518 | €73,605 | +€88 | +0.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.