PUBLIC-A: 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.
PUBLIC-A
Largest movements
- Cash +€99,765
up €99,765 (+5319.4%), from €1,876 to €101,640
mainly Advances received (+€100,000) and Net result for the year (+€37,924)
- Receivables within one year +€53,775
up €53,775 (+41.7%), from €128,993 to €182,769
of which Trade receivables: +€39,537
- Tangible fixed assets +€7,553
up €7,553 (+256.0%), from €2,950 to €10,503
of which Furniture and vehicles: +€9,120
- Advances received +€100,000
new in 2025: €100,000
- Reserves +€37,924
up €37,924 (+52.6%), from €72,114 to €110,037
- Short-term financial debts +€17,814
up €17,814 (+17611.9%), from €101 to €17,916
- Trade debts +€11,055
up €11,055 (+40.3%), from €27,425 to €38,480
- Tax, wage and social debts -€8,320
down €8,320 (-37.2%), from €22,352 to €14,031
- Gross operating margin +€41,421
up €41,421 (+255.5%), from €16,212 to €57,634
- Taxes +€13,404
up €13,404 (+312.9%), from €4,284 to €17,688
- Other operating charges -€3,704
down €3,704 (-80.3%), from €4,611 to €907
- Financial income +€770
up €770 (+18.4%), from €4,194 to €4,964
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 | €133,819 | €295,723 | +€161,904 | +121.0% |
| Fixed assets | 21/28 | €2,950 | €10,503 | +€7,553 | +256.0% |
| Tangible fixed assets | 22/27 | €2,950 | €10,503 | +€7,553 | +256.0% |
| Plant, machinery and equipment | 23 | €2,950 | €1,383 | -€1,567 | -53.1% |
| Furniture and vehicles | 24 | €0 | €9,120 | +€9,120 | |
| Current assets | 29/58 | €130,869 | €285,220 | +€154,351 | +117.9% |
| Amounts receivable within one year | 40/41 | €128,993 | €182,769 | +€53,775 | +41.7% |
| Trade receivables | 40 | €37,596 | €77,134 | +€39,537 | +105.2% |
| Other amounts receivable | 41 | €91,397 | €105,635 | +€14,238 | +15.6% |
| Cash at bank and in hand | 54/58 | €1,876 | €101,640 | +€99,765 | +5319.4% |
| Deferred charges and accrued income | 490/1 | - | €811 | +€811 | |
| Total equity and liabilities | 10/49 | €133,819 | €295,723 | +€161,904 | +121.0% |
| Equity | 10/15 | €78,714 | €116,637 | +€37,924 | +48.2% |
| Contributions | 10/11 | €6,600 | €6,600 | = | 0.0% |
| Reserves | 13 | €72,114 | €110,037 | +€37,924 | +52.6% |
| Distributable reserves | 133 | €72,114 | €110,037 | +€37,924 | +52.6% |
| Amounts payable | 17/49 | €55,106 | €179,086 | +€123,980 | +225.0% |
| Amounts payable after more than one year | 17 | €1,350 | €3,067 | +€1,716 | +127.1% |
| Financial debts | 170/4 | €1,350 | €3,067 | +€1,716 | +127.1% |
| Amounts payable within one year | 42/48 | €53,635 | €175,899 | +€122,264 | +228.0% |
| Current portion of amounts payable after more than one year | 42 | €3,758 | €5,473 | +€1,715 | +45.6% |
| Financial debts | 43 | €101 | €17,916 | +€17,814 | +17611.9% |
| Credit institutions | 430/8 | €101 | €17,916 | +€17,814 | +17611.9% |
| Trade debts | 44 | €27,425 | €38,480 | +€11,055 | +40.3% |
| Suppliers | 440/4 | €27,425 | €38,480 | +€11,055 | +40.3% |
| Advances received on contracts in progress | 46 | - | €100,000 | +€100,000 | |
| Taxes, remuneration and social security | 45 | €22,352 | €14,031 | -€8,320 | -37.2% |
| Taxes | 450/3 | €22,352 | €14,031 | -€8,320 | -37.2% |
| Accrued charges and deferred income | 492/3 | €120 | €120 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,210 | €2,413 | +€204 | +9.2% |
| Other operating charges | 640/8 | €4,611 | €907 | -€3,704 | -80.3% |
| Non-recurring operating charges | 66A | €1,288 | €0 | -€1,288 | -100.0% |
| Gross operating margin | 9900 | €16,212 | €57,634 | +€41,421 | +255.5% |
| Operating profit (loss) | 9901 | €8,104 | €54,313 | +€46,209 | +570.2% |
| Financial income | 75/76B | €4,194 | €4,964 | +€770 | +18.4% |
| Recurring financial income | 75 | €4,194 | €4,964 | +€770 | +18.4% |
| Financial charges | 65/66B | €3,206 | €3,665 | +€459 | +14.3% |
| Recurring financial charges | 65 | €3,206 | €3,665 | +€459 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €9,092 | €55,612 | +€46,520 | +511.7% |
| Income taxes | 67/77 | €4,284 | €17,688 | +€13,404 | +312.9% |
| Profit (loss) for the period | 9904 | €4,808 | €37,924 | +€33,116 | +688.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,808 | €37,924 | +€33,116 | +688.8% |
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 12 October 2026 via checked.be.