PUBLICOM: 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.
PUBLICOM
Largest movements
- Receivables after one year -€7,140
down €7,140 (-3.8%), from €187,917 to €180,777
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€339
down €339 (-21.3%), from -€1,593 to -€1,932
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 | €417,881 | €410,302 | -€7,580 | -1.8% |
| Fixed assets | 21/28 | €229,381 | €229,381 | = | 0.0% |
| Tangible fixed assets | 22/27 | €179,802 | €179,802 | = | 0.0% |
| Other tangible fixed assets | 26 | €179,802 | €179,802 | = | 0.0% |
| Financial fixed assets | 28 | €49,579 | €49,579 | = | 0.0% |
| Current assets | 29/58 | €188,501 | €180,921 | -€7,580 | -4.0% |
| Amounts receivable after more than one year | 29 | €187,917 | €180,777 | -€7,140 | -3.8% |
| Other amounts receivable | 291 | €187,917 | €180,777 | -€7,140 | -3.8% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €584 | €144 | -€440 | -75.3% |
| Total equity and liabilities | 10/49 | €417,881 | €410,302 | -€7,580 | -1.8% |
| Equity | 10/15 | €21,904 | €19,413 | -€2,491 | -11.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €3,312 | €1,859 | -€1,453 | -43.9% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,453 | €0 | -€1,453 | -100.0% |
| Profit (loss) carried forward | 14 | - | -€1,039 | -€1,039 | |
| Amounts payable | 17/49 | €395,977 | €390,889 | -€5,088 | -1.3% |
| Amounts payable after more than one year | 17 | €392,962 | €390,889 | -€2,073 | -0.5% |
| Other amounts payable | 178/9 | €392,962 | €390,889 | -€2,073 | -0.5% |
| Amounts payable within one year | 42/48 | €3,015 | €0 | -€3,015 | -100.0% |
| Trade debts | 44 | €3,015 | €0 | -€3,015 | -100.0% |
| Suppliers | 440/4 | €3,015 | €0 | -€3,015 | -100.0% |
| Other operating charges | 640/8 | €511 | €507 | -€4 | -0.7% |
| Gross operating margin | 9900 | -€1,593 | -€1,932 | -€339 | -21.3% |
| Operating profit (loss) | 9901 | -€2,103 | -€2,439 | -€335 | -15.9% |
| Financial charges | 65/66B | €45 | €52 | +€7 | +16.1% |
| Recurring financial charges | 65 | €45 | €52 | +€7 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,148 | -€2,491 | -€343 | -16.0% |
| Profit (loss) for the period | 9904 | -€2,148 | -€2,491 | -€343 | -16.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,148 | -€2,491 | -€343 | -16.0% |
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 6 October 2026 via checked.be.