PUBLI - FILL: 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 - FILL
Largest movements
- Cash -€38,111
down €38,111 (-25.8%), from €147,536 to €109,425
mainly Receivables within one year (-€30,722) and Trade debts (-€26,700)
- Receivables within one year +€30,722
up €30,722 (+207%), from €14,821 to €45,544
of which Trade receivables: +€25,265
- Tangible fixed assets -€28,741
down €28,741 (-16.3%), from €176,204 to €147,464
of which Land and buildings: -€15,592
- Trade debts -€26,700
down €26,700 (-41.7%), from €64,065 to €37,365
- Tax, wage and social debts -€11,150
down €11,150 (-53.7%), from €20,769 to €9,619
of which Taxes: -€12,208
- Debts after one year -€8,140
down €8,140 (-12.4%), from €65,440 to €57,300
- Current portion of long-term debt +€7,779
up €7,779 (+28.0%), from €27,762 to €35,541
- Gross operating margin -€21,996
down €21,996 (-13.8%), from €159,673 to €137,677
- Staff costs +€17,732
up €17,732 (+28.7%), from €61,729 to €79,461
- Taxes -€13,172
down €13,172 (-83.9%), from €15,695 to €2,523
- Depreciation +€9,348
up €9,348 (+27.7%), from €33,707 to €43,055
- Other operating charges +€2,044
up €2,044 (+58.3%), from €3,508 to €5,552
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 | €348,414 | €312,200 | -€36,214 | -10.4% |
| Fixed assets | 21/28 | €176,395 | €147,655 | -€28,741 | -16.3% |
| Tangible fixed assets | 22/27 | €176,204 | €147,464 | -€28,741 | -16.3% |
| Land and buildings | 22 | €137,882 | €122,291 | -€15,592 | -11.3% |
| Plant, machinery and equipment | 23 | €27,588 | €18,239 | -€9,349 | -33.9% |
| Furniture and vehicles | 24 | €10,734 | €6,934 | -€3,800 | -35.4% |
| Financial fixed assets | 28 | €191 | €191 | = | 0.0% |
| Current assets | 29/58 | €172,019 | €164,545 | -€7,474 | -4.3% |
| Stocks and contracts in progress | 3 | €581 | €495 | -€85 | -14.7% |
| Stocks | 30/36 | €581 | €495 | -€85 | -14.7% |
| Amounts receivable within one year | 40/41 | €14,821 | €45,544 | +€30,722 | +207% |
| Trade receivables | 40 | €12,691 | €37,956 | +€25,265 | +199% |
| Other amounts receivable | 41 | €2,131 | €7,588 | +€5,458 | +256% |
| Current investments | 50/53 | €9,081 | €9,081 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €147,536 | €109,425 | -€38,111 | -25.8% |
| Total equity and liabilities | 10/49 | €348,414 | €312,200 | -€36,214 | -10.4% |
| Equity | 10/15 | €163,718 | €165,937 | +€2,219 | +1.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €151,318 | €153,537 | +€2,219 | +1.5% |
| Distributable reserves | 133 | €151,318 | €153,537 | +€2,219 | +1.5% |
| Amounts payable | 17/49 | €184,696 | €146,263 | -€38,433 | -20.8% |
| Amounts payable after more than one year | 17 | €65,440 | €57,300 | -€8,140 | -12.4% |
| Financial debts | 170/4 | €65,440 | €57,300 | -€8,140 | -12.4% |
| Amounts payable within one year | 42/48 | €119,256 | €88,963 | -€30,294 | -25.4% |
| Current portion of amounts payable after more than one year | 42 | €27,762 | €35,541 | +€7,779 | +28.0% |
| Trade debts | 44 | €64,065 | €37,365 | -€26,700 | -41.7% |
| Suppliers | 440/4 | €64,065 | €37,365 | -€26,700 | -41.7% |
| Taxes, remuneration and social security | 45 | €20,769 | €9,619 | -€11,150 | -53.7% |
| Taxes | 450/3 | €14,731 | €2,523 | -€12,208 | -82.9% |
| Remuneration and social security | 454/9 | €6,037 | €7,096 | +€1,058 | +17.5% |
| Other amounts payable | 47/48 | €6,661 | €6,438 | -€223 | -3.3% |
| Remuneration, social security and pensions | 62 | €61,729 | €79,461 | +€17,732 | +28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,707 | €43,055 | +€9,348 | +27.7% |
| Other operating charges | 640/8 | €3,508 | €5,552 | +€2,044 | +58.3% |
| Gross operating margin | 9900 | €159,673 | €137,677 | -€21,996 | -13.8% |
| Operating profit (loss) | 9901 | €60,729 | €9,610 | -€51,120 | -84.2% |
| Financial income | 75/76B | €79 | €0 | -€79 | -99.9% |
| Recurring financial income | 75 | €79 | €0 | -€79 | -99.9% |
| Financial charges | 65/66B | €5,065 | €4,868 | -€197 | -3.9% |
| Recurring financial charges | 65 | €5,065 | €4,868 | -€197 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €55,743 | €4,742 | -€51,001 | -91.5% |
| Income taxes | 67/77 | €15,695 | €2,523 | -€13,172 | -83.9% |
| Profit (loss) for the period | 9904 | €40,049 | €2,219 | -€37,830 | -94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €40,049 | €2,219 | -€37,830 | -94.5% |
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 27 October 2026 via checked.be.