PUBLI4U: 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.
PUBLI4U
Largest movements
- Tangible fixed assets -€8,638
down €8,638 (-4.4%), from €197,600 to €188,961
of which Land and buildings: -€5,917
- Cash +€7,179
up €7,179 (+17.0%), from €42,330 to €49,509
mainly Depreciation (+€8,638) and Receivables within one year (+€4,874)
- Receivables within one year -€4,874
down €4,874 (-94.8%), from €5,141 to €267
of which Other amounts receivable: -€4,874
- Debts after one year -€12,999
down €12,999 (-15.4%), from €84,605 to €71,606
- Reserves +€3,046
up €3,046 (+2.4%), from €126,198 to €129,244
- Gross operating margin -€66,347
down €66,347 (-80.2%), from €82,705 to €16,357
- Taxes -€13,593
down €13,593 (-89.7%), from €15,152 to €1,560
- Financial charges -€6,795
down €6,795 (-79.4%), from €8,561 to €1,767
- Other operating charges -€2,291
down €2,291 (-62.6%), from €3,661 to €1,370
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 | €245,391 | €239,058 | -€6,333 | -2.6% |
| Fixed assets | 21/28 | €197,920 | €189,281 | -€8,638 | -4.4% |
| Tangible fixed assets | 22/27 | €197,600 | €188,961 | -€8,638 | -4.4% |
| Land and buildings | 22 | €177,145 | €171,228 | -€5,917 | -3.3% |
| Plant, machinery and equipment | 23 | €20,455 | €17,733 | -€2,721 | -13.3% |
| Financial fixed assets | 28 | €320 | €320 | = | 0.0% |
| Current assets | 29/58 | €47,471 | €49,776 | +€2,305 | +4.9% |
| Amounts receivable within one year | 40/41 | €5,141 | €267 | -€4,874 | -94.8% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €5,141 | €267 | -€4,874 | -94.8% |
| Cash at bank and in hand | 54/58 | €42,330 | €49,509 | +€7,179 | +17.0% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €245,391 | €239,058 | -€6,333 | -2.6% |
| Equity | 10/15 | €144,798 | €147,844 | +€3,046 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €126,198 | €129,244 | +€3,046 | +2.4% |
| Distributable reserves | 133 | €126,198 | €129,244 | +€3,046 | +2.4% |
| Amounts payable | 17/49 | €100,593 | €91,214 | -€9,379 | -9.3% |
| Amounts payable after more than one year | 17 | €84,605 | €71,606 | -€12,999 | -15.4% |
| Financial debts | 170/4 | €84,605 | €71,606 | -€12,999 | -15.4% |
| Amounts payable within one year | 42/48 | €15,987 | €18,424 | +€2,436 | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €12,802 | €12,999 | +€197 | +1.5% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Advances received on contracts in progress | 46 | €202 | €0 | -€202 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | €1,560 | +€1,560 | |
| Taxes | 450/3 | €0 | €1,560 | +€1,560 | |
| Other amounts payable | 47/48 | €2,984 | €3,865 | +€881 | +29.5% |
| Accrued charges and deferred income | 492/3 | - | €1,184 | +€1,184 | |
| Non-recurring operating income | 76A | €48,928 | €0 | -€48,928 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,638 | €8,638 | = | 0.0% |
| Other operating charges | 640/8 | €3,661 | €1,370 | -€2,291 | -62.6% |
| Gross operating margin | 9900 | €82,705 | €16,357 | -€66,347 | -80.2% |
| Operating profit (loss) | 9901 | €70,405 | €6,349 | -€64,056 | -91.0% |
| Financial income | 75/76B | €63 | €23 | -€40 | -63.7% |
| Recurring financial income | 75 | €63 | €23 | -€40 | -63.7% |
| Financial charges | 65/66B | €8,561 | €1,767 | -€6,795 | -79.4% |
| Recurring financial charges | 65 | €8,561 | €1,767 | -€6,795 | -79.4% |
| Profit (loss) for the period before taxes | 9903 | €61,907 | €4,606 | -€57,302 | -92.6% |
| Income taxes | 67/77 | €15,152 | €1,560 | -€13,593 | -89.7% |
| Profit (loss) for the period | 9904 | €46,755 | €3,046 | -€43,709 | -93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,755 | €3,046 | -€43,709 | -93.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.