PUBLI-SOLUTION: what changed
Two fiscal 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-SOLUTION
Largest movements
- Cash +€61,619
new in 2025: €61,619
- Current investments +€9,633
up €9,633 (+3.6%), from €270,367 to €280,000
- Trade debts +€29,450
up €29,450 (+1529.3%), from €1,926 to €31,376
- Reserves +€15,600
up €15,600 (+841.0%), from €1,855 to €17,455
- Profit (loss) carried forward +€13,900
up €13,900, from -€13,889 to €11
- Advances received +€6,659
up €6,659 (+146.7%), from €4,538 to €11,196
- Other debts +€5,959
up €5,959 (+1.8%), from €333,356 to €339,315
- Gross operating margin -€15,845
down €15,845 (-41.1%), from €38,580 to €22,736
- Other operating charges -€3,887
down €3,887 (-43.6%), from €8,915 to €5,028
- Financial income +€2,570
up €2,570 (+9711.7%), from €26 to €2,596
- Taxes -€2,019
down €2,019 (-27.4%), from €7,375 to €5,356
- Depreciation -€2,014
no longer reported in 2025 (was €2,014)
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €355,370 | €427,654 | +€72,284 | +20.3% |
| Fixed assets | 21/28 | €78,057 | €76,782 | -€1,275 | -1.6% |
| Tangible fixed assets | 22/27 | €73,607 | €72,332 | -€1,275 | -1.7% |
| Land and buildings | 22 | €72,332 | €72,332 | = | 0.0% |
| Furniture and vehicles | 24 | €1,275 | - | -€1,275 | |
| Financial fixed assets | 28 | €4,450 | €4,450 | = | 0.0% |
| Current assets | 29/58 | €277,313 | €350,872 | +€73,559 | +26.5% |
| Amounts receivable within one year | 40/41 | €6,947 | €9,253 | +€2,307 | +33.2% |
| Trade receivables | 40 | €6,947 | €9,253 | +€2,307 | +33.2% |
| Current investments | 50/53 | €270,367 | €280,000 | +€9,633 | +3.6% |
| Cash at bank and in hand | 54/58 | - | €61,619 | +€61,619 | |
| Total equity and liabilities | 10/49 | €355,370 | €427,654 | +€72,284 | +20.3% |
| Equity | 10/15 | €6,516 | €36,016 | +€29,500 | +452.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €17,455 | +€15,600 | +841.0% |
| Distributable reserves | 133 | €1,855 | €17,455 | +€15,600 | +841.0% |
| Profit (loss) carried forward | 14 | -€13,889 | €11 | +€13,900 | |
| Amounts payable | 17/49 | €348,854 | €391,638 | +€42,784 | +12.3% |
| Amounts payable within one year | 42/48 | €348,854 | €391,638 | +€42,784 | +12.3% |
| Trade debts | 44 | €1,926 | €31,376 | +€29,450 | +1529.3% |
| Suppliers | 440/4 | €1,926 | €31,376 | +€29,450 | +1529.3% |
| Advances received on contracts in progress | 46 | €4,538 | €11,196 | +€6,659 | +146.7% |
| Taxes, remuneration and social security | 45 | €9,035 | €9,751 | +€716 | +7.9% |
| Taxes | 450/3 | €9,035 | €9,751 | +€716 | +7.9% |
| Other amounts payable | 47/48 | €333,356 | €339,315 | +€5,959 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,014 | - | -€2,014 | |
| Other operating charges | 640/8 | €8,915 | €5,028 | -€3,887 | -43.6% |
| Gross operating margin | 9900 | €38,580 | €22,736 | -€15,845 | -41.1% |
| Operating profit (loss) | 9901 | €27,652 | €17,708 | -€9,944 | -36.0% |
| Financial income | 75/76B | €26 | €2,596 | +€2,570 | +9711.7% |
| Recurring financial income | 75 | €26 | €2,596 | +€2,570 | +9711.7% |
| Financial charges | 65/66B | €54 | €38 | -€16 | -29.0% |
| Recurring financial charges | 65 | €54 | €38 | -€16 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €27,624 | €20,266 | -€7,359 | -26.6% |
| Income taxes | 67/77 | €7,375 | €5,356 | -€2,019 | -27.4% |
| Profit (loss) for the period | 9904 | €20,249 | €14,910 | -€5,339 | -26.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,249 | €14,910 | -€5,339 | -26.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.