PUBLI STYLEMAN: 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 STYLEMAN
Largest movements
- Cash -€39,548
down €39,548 (-71.7%), from €55,188 to €15,640
mainly Trade debts (-€36,586) and Net result for the year (-€12,947)
- Stocks and contracts -€3,300
down €3,300 (-33.6%), from €9,825 to €6,525
- Receivables within one year +€2,523
up €2,523 (+6.0%), from €42,053 to €44,576
of which Trade receivables: +€4,195
- Trade debts -€36,586
down €36,586 (-42.7%), from €85,642 to €49,056
- Profit (loss) carried forward -€12,947
down €12,947 (-8.9%), from -€145,270 to -€158,217
- Other debts +€9,549
up €9,549 (+6.5%), from €146,548 to €156,097
- Gross operating margin +€19,584
up €19,584 (+67.7%), from -€28,922 to -€9,338
- Other operating charges -€6,100
down €6,100 (-73.0%), from €8,355 to €2,254
- Financial charges -€5,138
down €5,138 (-81.5%), from €6,308 to €1,170
of which Financial charges: -€3,454
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 | €107,066 | €66,741 | -€40,325 | -37.7% |
| Current assets | 29/58 | €107,066 | €66,741 | -€40,325 | -37.7% |
| Stocks and contracts in progress | 3 | €9,825 | €6,525 | -€3,300 | -33.6% |
| Stocks | 30/36 | €9,825 | €6,525 | -€3,300 | -33.6% |
| Amounts receivable within one year | 40/41 | €42,053 | €44,576 | +€2,523 | +6.0% |
| Trade receivables | 40 | €40,352 | €44,547 | +€4,195 | +10.4% |
| Other amounts receivable | 41 | €1,701 | €29 | -€1,672 | -98.3% |
| Cash at bank and in hand | 54/58 | €55,188 | €15,640 | -€39,548 | -71.7% |
| Total equity and liabilities | 10/49 | €107,066 | €66,741 | -€40,325 | -37.7% |
| Equity | 10/15 | -€126,670 | -€139,617 | -€12,947 | -10.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€145,270 | -€158,217 | -€12,947 | -8.9% |
| Amounts payable | 17/49 | €233,737 | €206,358 | -€27,378 | -11.7% |
| Amounts payable within one year | 42/48 | €233,737 | €206,358 | -€27,378 | -11.7% |
| Trade debts | 44 | €85,642 | €49,056 | -€36,586 | -42.7% |
| Suppliers | 440/4 | €85,642 | €49,056 | -€36,586 | -42.7% |
| Taxes, remuneration and social security | 45 | €1,547 | €1,206 | -€341 | -22.0% |
| Taxes | 450/3 | €1,547 | €1,206 | -€341 | -22.0% |
| Other amounts payable | 47/48 | €146,548 | €156,097 | +€9,549 | +6.5% |
| Other operating charges | 640/8 | €8,355 | €2,254 | -€6,100 | -73.0% |
| Gross operating margin | 9900 | -€28,922 | -€9,338 | +€19,584 | +67.7% |
| Operating profit (loss) | 9901 | -€37,277 | -€11,592 | +€25,685 | +68.9% |
| Financial income | 75/76B | €18 | €1 | -€17 | -94.5% |
| Recurring financial income | 75 | €18 | €1 | -€17 | -94.5% |
| Financial charges | 65/66B | €6,308 | €1,170 | -€5,138 | -81.5% |
| Recurring financial charges | 65 | €4,056 | €602 | -€3,454 | -85.2% |
| Non-recurring financial charges | 66B | €2,252 | €568 | -€1,684 | -74.8% |
| Profit (loss) for the period before taxes | 9903 | -€43,567 | -€12,761 | +€30,806 | +70.7% |
| Income taxes | 67/77 | €181 | €186 | +€5 | +2.7% |
| Profit (loss) for the period | 9904 | -€43,748 | -€12,947 | +€30,801 | +70.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€43,748 | -€12,947 | +€30,801 | +70.4% |
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 15 October 2026 via checked.be.