PUBLI-VANDO: 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-VANDO
Largest movements
- Cash -€6,603
down €6,603 (-14.8%), from €44,755 to €38,152
mainly Other debts (-€7,489) and Receivables within one year (-€3,068)
- Tangible fixed assets -€3,781
down €3,781 (-22.9%), from €16,533 to €12,752
of which Other tangible fixed assets: -€3,018
- Receivables within one year +€3,068
up €3,068 (+51.7%), from €5,930 to €8,998
of which Trade receivables: +€2,457
- Other debts -€7,489
down €7,489 (-49.0%), from €15,293 to €7,804
- Trade debts +€3,152
up €3,152 (+315.4%), from €999 to €4,151
- Tax, wage and social debts -€2,839
down €2,839 (-43.8%), from €6,475 to €3,636
of which Remuneration and social security: -€2,000
- Reserves +€2,058
up €2,058 (+7.1%), from €28,855 to €30,913
- Current portion of long-term debt -€1,553
down €1,553 (-100.0%), from €1,553 to €0
- Gross operating margin +€10,733
up €10,733, from -€21 to €10,713
- Write-downs +€545
new in 2025: €545
- Taxes +€478
up €478 (+103.4%), from €462 to €939
- Financial charges -€408
down €408 (-37.8%), from €1,081 to €673
- Depreciation +€270
up €270 (+6.1%), from €4,435 to €4,705
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.
Cash bridge derived
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 | €71,767 | €65,096 | -€6,671 | -9.3% |
| Fixed assets | 21/28 | €16,533 | €12,752 | -€3,781 | -22.9% |
| Tangible fixed assets | 22/27 | €16,533 | €12,752 | -€3,781 | -22.9% |
| Plant, machinery and equipment | 23 | €5,486 | €4,865 | -€621 | -11.3% |
| Furniture and vehicles | 24 | €1,576 | €1,435 | -€142 | -9.0% |
| Other tangible fixed assets | 26 | €9,471 | €6,453 | -€3,018 | -31.9% |
| Current assets | 29/58 | €55,234 | €52,343 | -€2,890 | -5.2% |
| Stocks and contracts in progress | 3 | €4,496 | €5,193 | +€698 | +15.5% |
| Stocks | 30/36 | €4,496 | €5,193 | +€698 | +15.5% |
| Amounts receivable within one year | 40/41 | €5,930 | €8,998 | +€3,068 | +51.7% |
| Trade receivables | 40 | €5,928 | €8,385 | +€2,457 | +41.4% |
| Other amounts receivable | 41 | €2 | €613 | +€611 | +34706.3% |
| Cash at bank and in hand | 54/58 | €44,755 | €38,152 | -€6,603 | -14.8% |
| Deferred charges and accrued income | 490/1 | €53 | €0 | -€53 | -100.0% |
| Total equity and liabilities | 10/49 | €71,767 | €65,096 | -€6,671 | -9.3% |
| Equity | 10/15 | €47,447 | €49,505 | +€2,058 | +4.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €28,855 | €30,913 | +€2,058 | +7.1% |
| Distributable reserves | 133 | €28,855 | €30,913 | +€2,058 | +7.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €24,320 | €15,591 | -€8,729 | -35.9% |
| Amounts payable within one year | 42/48 | €24,320 | €15,591 | -€8,729 | -35.9% |
| Current portion of amounts payable after more than one year | 42 | €1,553 | €0 | -€1,553 | -100.0% |
| Trade debts | 44 | €999 | €4,151 | +€3,152 | +315.4% |
| Suppliers | 440/4 | €999 | €4,151 | +€3,152 | +315.4% |
| Taxes, remuneration and social security | 45 | €6,475 | €3,636 | -€2,839 | -43.8% |
| Taxes | 450/3 | €4,475 | €3,636 | -€839 | -18.7% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100.0% |
| Other amounts payable | 47/48 | €15,293 | €7,804 | -€7,489 | -49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,435 | €4,705 | +€270 | +6.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €545 | +€545 | |
| Other operating charges | 640/8 | €596 | €513 | -€82 | -13.8% |
| Gross operating margin | 9900 | -€21 | €10,713 | +€10,733 | |
| Operating profit (loss) | 9901 | -€5,051 | €4,950 | +€10,001 | |
| Financial income | 75/76B | €439 | €386 | -€53 | -12.1% |
| Recurring financial income | 75 | €439 | €386 | -€53 | -12.1% |
| Financial charges | 65/66B | €1,081 | €673 | -€408 | -37.8% |
| Recurring financial charges | 65 | €1,081 | €673 | -€408 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | -€5,693 | €4,663 | +€10,356 | |
| Income taxes | 67/77 | €462 | €939 | +€478 | +103.4% |
| Profit (loss) for the period | 9904 | -€6,155 | €3,724 | +€9,879 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,155 | €3,724 | +€9,879 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.