PUBLICIA: 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.
PUBLICIA
Largest movements
- Cash -€42,283
down €42,283 (-49.5%), from €85,392 to €43,109
mainly Trade debts (-€43,062) and Current portion of long-term debt (-€25,295)
- Receivables within one year -€28,256
down €28,256 (-11.2%), from €253,160 to €224,904
of which Trade receivables: -€28,182
- Stocks and contracts +€5,000
up €5,000 (+66.7%), from €7,500 to €12,500
- Trade debts -€43,062
down €43,062 (-54.1%), from €79,624 to €36,563
- Current portion of long-term debt -€25,295
down €25,295 (-80.1%), from €31,598 to €6,303
- Staff costs +€56,548
up €56,548 (+51.6%), from €109,613 to €166,160
- Other operating charges -€27,830
down €27,830 (-29.9%), from €93,226 to €65,396
- Gross operating margin +€20,109
up €20,109 (+9.5%), from €210,989 to €231,097
- Provisions -€5,000
new in 2025: -€5,000
- Depreciation -€2,615
down €2,615 (-87.1%), from €3,000 to €386
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 | €391,635 | €322,290 | -€69,345 | -17.7% |
| Fixed assets | 21/28 | €560 | €174 | -€386 | -68.9% |
| Tangible fixed assets | 22/27 | €560 | €174 | -€386 | -68.9% |
| Furniture and vehicles | 24 | €560 | €174 | -€386 | -68.9% |
| Current assets | 29/58 | €391,075 | €322,116 | -€68,959 | -17.6% |
| Stocks and contracts in progress | 3 | €7,500 | €12,500 | +€5,000 | +66.7% |
| Stocks | 30/36 | €7,500 | €12,500 | +€5,000 | +66.7% |
| Amounts receivable within one year | 40/41 | €253,160 | €224,904 | -€28,256 | -11.2% |
| Trade receivables | 40 | €222,931 | €194,749 | -€28,182 | -12.6% |
| Other amounts receivable | 41 | €30,230 | €30,155 | -€74 | -0.2% |
| Cash at bank and in hand | 54/58 | €85,392 | €43,109 | -€42,283 | -49.5% |
| Deferred charges and accrued income | 490/1 | €45,023 | €41,603 | -€3,421 | -7.6% |
| Total equity and liabilities | 10/49 | €391,635 | €322,290 | -€69,345 | -17.7% |
| Equity | 10/15 | €203,913 | €201,066 | -€2,847 | -1.4% |
| Contributions | 10/11 | €61,900 | €61,900 | = | 0.0% |
| Capital | 10 | €61,900 | €61,900 | = | 0.0% |
| Issued capital | 100 | €61,900 | €61,900 | = | 0.0% |
| Reserves | 13 | €142,013 | €139,166 | -€2,847 | -2.0% |
| Non-distributable reserves | 130/1 | €6,190 | €6,190 | = | 0.0% |
| Legal reserve | 130 | €6,190 | €6,190 | = | 0.0% |
| Distributable reserves | 133 | €135,823 | €132,976 | -€2,847 | -2.1% |
| Amounts payable | 17/49 | €187,722 | €121,224 | -€66,498 | -35.4% |
| Amounts payable within one year | 42/48 | €186,911 | €120,510 | -€66,401 | -35.5% |
| Current portion of amounts payable after more than one year | 42 | €31,598 | €6,303 | -€25,295 | -80.1% |
| Financial debts | 43 | €30,000 | €30,000 | = | 0.0% |
| Credit institutions | 430/8 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €79,624 | €36,563 | -€43,062 | -54.1% |
| Suppliers | 440/4 | €79,624 | €36,563 | -€43,062 | -54.1% |
| Taxes, remuneration and social security | 45 | €45,438 | €47,393 | +€1,956 | +4.3% |
| Taxes | 450/3 | €26,769 | €21,730 | -€5,039 | -18.8% |
| Remuneration and social security | 454/9 | €18,669 | €25,663 | +€6,995 | +37.5% |
| Other amounts payable | 47/48 | €252 | €252 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €811 | €714 | -€97 | -12.0% |
| Remuneration, social security and pensions | 62 | €109,613 | €166,160 | +€56,548 | +51.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,000 | €386 | -€2,615 | -87.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €1,855 | +€1,855 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€5,000 | -€5,000 | |
| Other operating charges | 640/8 | €93,226 | €65,396 | -€27,830 | -29.9% |
| Gross operating margin | 9900 | €210,989 | €231,097 | +€20,109 | +9.5% |
| Operating profit (loss) | 9901 | €5,150 | €2,301 | -€2,849 | -55.3% |
| Financial income | 75/76B | €1,434 | €79 | -€1,355 | -94.5% |
| Recurring financial income | 75 | €1,434 | €79 | -€1,355 | -94.5% |
| Financial charges | 65/66B | €5,595 | €5,052 | -€543 | -9.7% |
| Recurring financial charges | 65 | €5,595 | €5,052 | -€543 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €989 | -€2,672 | -€3,661 | |
| Income taxes | 67/77 | - | €175 | +€175 | |
| Profit (loss) for the period | 9904 | €989 | -€2,847 | -€3,836 | |
| Profit (loss) for the period to be appropriated | 9905 | €989 | -€2,847 | -€3,836 |
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 30 October 2026 via checked.be.