PUBLI - LINE: 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 - LINE
Largest movements
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Cash +€190,824
up €190,824 (+69.0%), from €276,645 to €467,469
mainly Current investments (+€200,000) and Net result for the year (+€31,100)
- Receivables within one year +€18,720
up €18,720 (+50.2%), from €37,269 to €55,990
of which Trade receivables: +€16,862
- Tangible fixed assets -€16,035
down €16,035 (-20.1%), from €79,700 to €63,665
of which Furniture and vehicles: -€13,360
- Other debts -€22,118
down €22,118 (-90.8%), from €24,361 to €2,243
- Reserves +€20,000
up €20,000 (+9.4%), from €211,730 to €231,730
- Tax, wage and social debts -€16,540
down €16,540 (-52.0%), from €31,836 to €15,296
- Trade debts +€6,350
up €6,350 (+20.1%), from €31,583 to €37,933
- Gross operating margin -€21,119
down €21,119 (-25.7%), from €82,255 to €61,136
- Taxes -€3,379
down €3,379 (-19.9%), from €16,954 to €13,576
- Other operating charges -€1,795
down €1,795 (-42.6%), from €4,210 to €2,415
- Financial income -€1,314
down €1,314 (-34.0%), from €3,861 to €2,547
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 | €613,327 | €602,044 | -€11,283 | -1.8% |
| Fixed assets | 21/28 | €80,083 | €64,048 | -€16,035 | -20.0% |
| Tangible fixed assets | 22/27 | €79,700 | €63,665 | -€16,035 | -20.1% |
| Land and buildings | 22 | €32,714 | €30,415 | -€2,299 | -7.0% |
| Furniture and vehicles | 24 | €43,537 | €30,177 | -€13,360 | -30.7% |
| Other tangible fixed assets | 26 | €3,449 | €3,073 | -€376 | -10.9% |
| Financial fixed assets | 28 | €383 | €383 | = | 0.0% |
| Current assets | 29/58 | €533,244 | €537,996 | +€4,753 | +0.9% |
| Stocks and contracts in progress | 3 | €14,679 | €12,330 | -€2,349 | -16.0% |
| Stocks | 30/36 | €14,679 | €12,330 | -€2,349 | -16.0% |
| Amounts receivable within one year | 40/41 | €37,269 | €55,990 | +€18,720 | +50.2% |
| Trade receivables | 40 | €37,269 | €54,131 | +€16,862 | +45.2% |
| Other amounts receivable | 41 | - | €1,859 | +€1,859 | |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €276,645 | €467,469 | +€190,824 | +69.0% |
| Deferred charges and accrued income | 490/1 | €4,650 | €2,207 | -€2,443 | -52.5% |
| Total equity and liabilities | 10/49 | €613,327 | €602,044 | -€11,283 | -1.8% |
| Equity | 10/15 | €525,382 | €546,482 | +€21,100 | +4.0% |
| Contributions | 10/11 | €296,000 | €296,000 | = | 0.0% |
| Reserves | 13 | €211,730 | €231,730 | +€20,000 | +9.4% |
| Distributable reserves | 133 | €211,730 | €231,730 | +€20,000 | +9.4% |
| Profit (loss) carried forward | 14 | €17,653 | €18,752 | +€1,100 | +6.2% |
| Amounts payable | 17/49 | €87,944 | €55,562 | -€32,382 | -36.8% |
| Amounts payable within one year | 42/48 | €87,780 | €55,472 | -€32,308 | -36.8% |
| Trade debts | 44 | €31,583 | €37,933 | +€6,350 | +20.1% |
| Suppliers | 440/4 | €31,583 | €37,933 | +€6,350 | +20.1% |
| Taxes, remuneration and social security | 45 | €31,836 | €15,296 | -€16,540 | -52.0% |
| Taxes | 450/3 | €31,836 | €15,296 | -€16,540 | -52.0% |
| Other amounts payable | 47/48 | €24,361 | €2,243 | -€22,118 | -90.8% |
| Accrued charges and deferred income | 492/3 | €165 | €90 | -€74 | -45.2% |
| Non-recurring operating income | 76A | €243 | €523 | +€279 | +115% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,053 | €16,035 | -€18 | -0.1% |
| Other operating charges | 640/8 | €4,210 | €2,415 | -€1,795 | -42.6% |
| Gross operating margin | 9900 | €82,255 | €61,136 | -€21,119 | -25.7% |
| Operating profit (loss) | 9901 | €61,991 | €42,686 | -€19,305 | -31.1% |
| Financial income | 75/76B | €3,861 | €2,547 | -€1,314 | -34.0% |
| Recurring financial income | 75 | €3,861 | €2,547 | -€1,314 | -34.0% |
| Financial charges | 65/66B | €471 | €557 | +€86 | +18.3% |
| Recurring financial charges | 65 | €471 | €557 | +€86 | +18.3% |
| Profit (loss) for the period before taxes | 9903 | €65,381 | €44,675 | -€20,705 | -31.7% |
| Income taxes | 67/77 | €16,954 | €13,576 | -€3,379 | -19.9% |
| Profit (loss) for the period | 9904 | €48,426 | €31,100 | -€17,327 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €48,426 | €31,100 | -€17,327 | -35.8% |
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 18 October 2026 via checked.be.