Publi K&J: what changed
Publi K&J
Largest movements
- Tangible fixed assets -€27,062
down €27,062 (-19.8%), from €136,969 to €109,907
of which Furniture and vehicles: -€19,270
- Receivables within one year -€5,143
down €5,143 (-9.1%), from €56,800 to €51,656
of which Trade receivables: -€21,729
- Cash +€3,932
up €3,932 (+8.1%), from €48,789 to €52,721
mainly Depreciation (+€27,923) and Net result for the year (+€6,829)
- Debts after one year -€12,452
down €12,452 (-19.8%), from €62,944 to €50,492
- Other debts -€9,028
no longer reported in 2025 (was €9,028)
- Current portion of long-term debt -€7,675
down €7,675 (-38.1%), from €20,127 to €12,452
- Reserves +€6,829
up €6,829 (+5.6%), from €121,425 to €128,254
- Trade debts -€4,177
down €4,177 (-15.2%), from €27,473 to €23,296
- Gross operating margin -€62,659
down €62,659 (-56.9%), from €110,216 to €47,557
- Taxes -€13,308
down €13,308 (-69.5%), from €19,143 to €5,835
- Staff costs -€9,394
down €9,394 (-89.8%), from €10,458 to €1,064
- Depreciation -€2,637
down €2,637 (-8.6%), from €30,560 to €27,923
- Other operating charges -€1,227
down €1,227 (-47.9%), from €2,560 to €1,333
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €245,639 | €218,693 | -€26,946 | -11.0% |
| Fixed assets | 21/28 | €136,969 | €109,907 | -€27,062 | -19.8% |
| Tangible fixed assets | 22/27 | €136,969 | €109,907 | -€27,062 | -19.8% |
| Land and buildings | 22 | €54,116 | €46,627 | -€7,489 | -13.8% |
| Plant, machinery and equipment | 23 | €1,008 | €705 | -€303 | -30.0% |
| Furniture and vehicles | 24 | €81,846 | €62,576 | -€19,270 | -23.5% |
| Current assets | 29/58 | €108,670 | €108,786 | +€116 | +0.1% |
| Stocks and contracts in progress | 3 | €147 | €240 | +€93 | +62.9% |
| Stocks | 30/36 | €147 | €240 | +€93 | +62.9% |
| Amounts receivable within one year | 40/41 | €56,800 | €51,656 | -€5,143 | -9.1% |
| Trade receivables | 40 | €53,439 | €31,710 | -€21,729 | -40.7% |
| Other amounts receivable | 41 | €3,361 | €19,947 | +€16,585 | +493% |
| Cash at bank and in hand | 54/58 | €48,789 | €52,721 | +€3,932 | +8.1% |
| Deferred charges and accrued income | 490/1 | €2,934 | €4,168 | +€1,234 | +42.1% |
| Total equity and liabilities | 10/49 | €245,639 | €218,693 | -€26,946 | -11.0% |
| Equity | 10/15 | €121,925 | €128,754 | +€6,829 | +5.6% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Contributions outside capital | 11 | €500 | €500 | = | 0.0% |
| Other | 1109/19 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €121,425 | €128,254 | +€6,829 | +5.6% |
| Distributable reserves | 133 | €121,425 | €128,254 | +€6,829 | +5.6% |
| Amounts payable | 17/49 | €123,715 | €89,940 | -€33,775 | -27.3% |
| Amounts payable after more than one year | 17 | €62,944 | €50,492 | -€12,452 | -19.8% |
| Financial debts | 170/4 | €62,944 | €50,492 | -€12,452 | -19.8% |
| Amounts payable within one year | 42/48 | €60,771 | €39,448 | -€21,323 | -35.1% |
| Current portion of amounts payable after more than one year | 42 | €20,127 | €12,452 | -€7,675 | -38.1% |
| Trade debts | 44 | €27,473 | €23,296 | -€4,177 | -15.2% |
| Suppliers | 440/4 | €27,473 | €23,296 | -€4,177 | -15.2% |
| Taxes, remuneration and social security | 45 | €4,143 | €3,700 | -€443 | -10.7% |
| Taxes | 450/3 | €4,143 | - | -€4,143 | |
| Remuneration and social security | 454/9 | - | €3,700 | +€3,700 | |
| Other amounts payable | 47/48 | €9,028 | - | -€9,028 | |
| Remuneration, social security and pensions | 62 | €10,458 | €1,064 | -€9,394 | -89.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,560 | €27,923 | -€2,637 | -8.6% |
| Other operating charges | 640/8 | €2,560 | €1,333 | -€1,227 | -47.9% |
| Gross operating margin | 9900 | €110,216 | €47,557 | -€62,659 | -56.9% |
| Operating profit (loss) | 9901 | €66,638 | €17,237 | -€49,402 | -74.1% |
| Financial income | 75/76B | €31 | €223 | +€191 | +607% |
| Recurring financial income | 75 | €31 | €223 | +€191 | +607% |
| Financial charges | 65/66B | €5,581 | €4,795 | -€786 | -14.1% |
| Recurring financial charges | 65 | €5,581 | €4,795 | -€786 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €61,089 | €12,664 | -€48,425 | -79.3% |
| Income taxes | 67/77 | €19,143 | €5,835 | -€13,308 | -69.5% |
| Profit (loss) for the period | 9904 | €41,945 | €6,829 | -€35,116 | -83.7% |
| Profit (loss) for the period to be appropriated | 9905 | €41,945 | €6,829 | -€35,116 | -83.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.