PUBLI-VERBEECK: 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-VERBEECK
Largest movements
- Stocks and contracts -€6,516
down €6,516 (-69.9%), from €9,316 to €2,800
- Receivables within one year +€1,169
up €1,169 (+10.5%), from €11,126 to €12,295
of which Trade receivables: +€1,489
- Profit (loss) carried forward -€5,197
down €5,197 (-12.0%), from -€43,315 to -€48,513
- Trade debts +€4,963
up €4,963 (+135%), from €3,683 to €8,646
- Short-term financial debts -€2,862
down €2,862 (-32.8%), from €8,718 to €5,856
- Current portion of long-term debt -€1,694
down €1,694 (-83.2%), from €2,035 to €341
- Other debts -€1,481
down €1,481 (-3.4%), from €43,183 to €41,702
- Depreciation -€2,405
down €2,405 (-93.4%), from €2,575 to €169
- Financial charges +€333
up €333 (+49.1%), from €678 to €1,010
- Other operating charges +€140
up €140 (+25.2%), from €554 to €694
- Gross operating margin +€77
up €77 (+2.3%), from -€3,402 to -€3,325
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 | €20,845 | €15,338 | -€5,507 | -26.4% |
| Fixed assets | 21/28 | €169 | €0 | -€169 | -100% |
| Tangible fixed assets | 22/27 | €169 | €0 | -€169 | -100% |
| Furniture and vehicles | 24 | €169 | €0 | -€169 | -100% |
| Current assets | 29/58 | €20,676 | €15,338 | -€5,338 | -25.8% |
| Stocks and contracts in progress | 3 | €9,316 | €2,800 | -€6,516 | -69.9% |
| Stocks | 30/36 | €9,316 | €2,800 | -€6,516 | -69.9% |
| Amounts receivable within one year | 40/41 | €11,126 | €12,295 | +€1,169 | +10.5% |
| Trade receivables | 40 | €10,806 | €12,295 | +€1,489 | +13.8% |
| Other amounts receivable | 41 | €320 | €0 | -€320 | -100% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €234 | €243 | +€9 | +3.9% |
| Total equity and liabilities | 10/49 | €20,845 | €15,338 | -€5,507 | -26.4% |
| Equity | 10/15 | -€37,115 | -€42,313 | -€5,197 | -14.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€43,315 | -€48,513 | -€5,197 | -12.0% |
| Amounts payable | 17/49 | €57,960 | €57,650 | -€310 | -0.5% |
| Amounts payable after more than one year | 17 | €341 | €0 | -€341 | -100% |
| Financial debts | 170/4 | €341 | €0 | -€341 | -100% |
| Amounts payable within one year | 42/48 | €57,619 | €57,650 | +€31 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €2,035 | €341 | -€1,694 | -83.2% |
| Financial debts | 43 | €8,718 | €5,856 | -€2,862 | -32.8% |
| Credit institutions | 430/8 | €8,718 | €5,856 | -€2,862 | -32.8% |
| Trade debts | 44 | €3,683 | €8,646 | +€4,963 | +135% |
| Suppliers | 440/4 | €3,683 | €8,646 | +€4,963 | +135% |
| Taxes, remuneration and social security | 45 | €0 | €1,106 | +€1,106 | |
| Taxes | 450/3 | €0 | €1,106 | +€1,106 | |
| Other amounts payable | 47/48 | €43,183 | €41,702 | -€1,481 | -3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,575 | €169 | -€2,405 | -93.4% |
| Other operating charges | 640/8 | €554 | €694 | +€140 | +25.2% |
| Gross operating margin | 9900 | -€3,402 | -€3,325 | +€77 | +2.3% |
| Operating profit (loss) | 9901 | -€6,531 | -€4,188 | +€2,343 | +35.9% |
| Financial income | 75/76B | €10 | €1 | -€10 | -93.9% |
| Recurring financial income | 75 | €10 | €1 | -€10 | -93.9% |
| Financial charges | 65/66B | €678 | €1,010 | +€333 | +49.1% |
| Recurring financial charges | 65 | €678 | €1,010 | +€333 | +49.1% |
| Profit (loss) for the period before taxes | 9903 | -€7,198 | -€5,197 | +€2,001 | +27.8% |
| Profit (loss) for the period | 9904 | -€7,198 | -€5,197 | +€2,001 | +27.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,198 | -€5,197 | +€2,001 | +27.8% |
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 23 October 2026 via checked.be.