PUBLI-K: 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-K
Largest movements
- Current investments +€150,000
new in 2025: €150,000
- Receivables within one year +€40,867
up €40,867 (+32.3%), from €126,683 to €167,550
of which Trade receivables: +€44,830
- Cash -€37,718
down €37,718 (-26.5%), from €142,127 to €104,409
mainly Current investments (-€150,000) and Receivables within one year (-€40,867)
- Tangible fixed assets -€24,782
down €24,782 (-15.2%), from €163,126 to €138,344
of which Furniture and vehicles: -€20,837
- Reserves +€153,573
up €153,573 (+43.9%), from €350,100 to €503,673
of which Distributable reserves: +€153,273
- Tax, wage and social debts -€17,503
down €17,503 (-39.4%), from €44,439 to €26,936
- Other debts -€10,709
down €10,709 (-100%), from €10,709 to €0
- Trade debts +€6,161
up €6,161 (+25.1%), from €24,507 to €30,668
- Gross operating margin +€48,811
up €48,811 (+17.9%), from €273,214 to €322,025
- Staff costs -€28,596
down €28,596 (-38.6%), from €73,997 to €45,401
- Taxes +€24,509
up €24,509 (+56.4%), from €43,484 to €67,994
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 | €434,083 | €561,749 | +€127,666 | +29.4% |
| Fixed assets | 21/28 | €163,230 | €138,447 | -€24,782 | -15.2% |
| Tangible fixed assets | 22/27 | €163,126 | €138,344 | -€24,782 | -15.2% |
| Land and buildings | 22 | €78,623 | €61,846 | -€16,778 | -21.3% |
| Plant, machinery and equipment | 23 | €27,529 | €40,361 | +€12,833 | +46.6% |
| Furniture and vehicles | 24 | €56,974 | €36,137 | -€20,837 | -36.6% |
| Financial fixed assets | 28 | €104 | €104 | = | 0.0% |
| Current assets | 29/58 | €270,853 | €423,301 | +€152,448 | +56.3% |
| Amounts receivable within one year | 40/41 | €126,683 | €167,550 | +€40,867 | +32.3% |
| Trade receivables | 40 | €57,919 | €102,749 | +€44,830 | +77.4% |
| Other amounts receivable | 41 | €68,765 | €64,801 | -€3,964 | -5.8% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €142,127 | €104,409 | -€37,718 | -26.5% |
| Deferred charges and accrued income | 490/1 | €2,043 | €1,342 | -€700 | -34.3% |
| Total equity and liabilities | 10/49 | €434,083 | €561,749 | +€127,666 | +29.4% |
| Equity | 10/15 | €350,183 | €503,756 | +€153,573 | +43.9% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €350,100 | €503,673 | +€153,573 | +43.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €800 | €1,100 | +€300 | +37.4% |
| Distributable reserves | 133 | €349,300 | €502,573 | +€153,273 | +43.9% |
| Profit (loss) carried forward | 14 | €83 | €83 | = | 0.0% |
| Amounts payable | 17/49 | €83,900 | €57,993 | -€25,907 | -30.9% |
| Amounts payable within one year | 42/48 | €79,655 | €57,604 | -€22,052 | -27.7% |
| Trade debts | 44 | €24,507 | €30,668 | +€6,161 | +25.1% |
| Suppliers | 440/4 | €24,507 | €30,668 | +€6,161 | +25.1% |
| Taxes, remuneration and social security | 45 | €44,439 | €26,936 | -€17,503 | -39.4% |
| Taxes | 450/3 | €44,439 | €26,936 | -€17,503 | -39.4% |
| Other amounts payable | 47/48 | €10,709 | €0 | -€10,709 | -100% |
| Accrued charges and deferred income | 492/3 | €4,244 | €389 | -€3,855 | -90.8% |
| Remuneration, social security and pensions | 62 | €73,997 | €45,401 | -€28,596 | -38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,399 | €50,574 | +€1,176 | +2.4% |
| Other operating charges | 640/8 | €4,777 | €4,406 | -€371 | -7.8% |
| Non-recurring operating charges | 66A | €851 | €174 | -€678 | -79.6% |
| Gross operating margin | 9900 | €273,214 | €322,025 | +€48,811 | +17.9% |
| Operating profit (loss) | 9901 | €144,189 | €221,470 | +€77,281 | +53.6% |
| Financial income | 75/76B | €776 | €1,091 | +€314 | +40.5% |
| Recurring financial income | 75 | €776 | €1,091 | +€314 | +40.5% |
| Financial charges | 65/66B | €862 | €995 | +€133 | +15.4% |
| Recurring financial charges | 65 | €862 | €995 | +€133 | +15.4% |
| Profit (loss) for the period before taxes | 9903 | €144,104 | €221,566 | +€77,462 | +53.8% |
| Income taxes | 67/77 | €43,484 | €67,994 | +€24,509 | +56.4% |
| Profit (loss) for the period | 9904 | €100,620 | €153,573 | +€52,953 | +52.6% |
| Transfer to tax-exempt reserves | 689 | €300 | €300 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €100,320 | €153,273 | +€52,953 | +52.8% |
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 21 October 2026 via checked.be.