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
- Tangible fixed assets -€49,386
down €49,386 (-56.3%), from €87,699 to €38,314
- Current assets +€42,429
up €42,429 (+36.2%), from €117,200 to €159,630
of which Cash: +€60,123
- Debts -€11,035
down €11,035 (-14.4%), from €76,372 to €65,337
of which Debts after one year: -€8,345
- Equity +€4,379
up €4,379 (+3.4%), from €128,528 to €132,907
of which Profit (loss) carried forward: +€15,467
- Gross operating margin -€15,883
down €15,883 (-48.2%), from €32,974 to €17,091
- Depreciation -€10,580
down €10,580 (-56.0%), from €18,892 to €8,312
From the 2013 result to the 2014 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2013 | 2014 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €204,900 | €198,243 | -€6,656 | -3.2% |
| Fixed assets | 21/28 | €87,699 | €38,614 | -€49,086 | -56.0% |
| Tangible fixed assets | 22/27 | €87,699 | €38,314 | -€49,386 | -56.3% |
| Financial fixed assets | 28 | - | €300 | +€300 | |
| Current assets | 29/58 | €117,200 | €159,630 | +€42,429 | +36.2% |
| Stocks and contracts in progress | 3 | €7,964 | €7,167 | -€797 | -10.0% |
| Amounts receivable within one year | 40/41 | €78,260 | €60,370 | -€17,890 | -22.9% |
| Cash at bank and in hand | 54/58 | €29,970 | €90,093 | +€60,123 | +200.6% |
| Total equity and liabilities | 10/49 | €204,900 | €198,243 | -€6,656 | -3.2% |
| Equity | 10/15 | €128,528 | €132,907 | +€4,379 | +3.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €66,528 | €70,907 | +€4,379 | +6.6% |
| Profit (loss) carried forward | 14 | €39,650 | €55,117 | +€15,467 | +39.0% |
| Amounts payable | 17/49 | €76,372 | €65,337 | -€11,035 | -14.4% |
| Amounts payable after more than one year | 17 | €46,656 | €38,311 | -€8,345 | -17.9% |
| Amounts payable within one year | 42/48 | €29,716 | €26,626 | -€3,090 | -10.4% |
| Trade debts | 44 | €13,324 | €13,374 | +€50 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,892 | €8,312 | -€10,580 | -56.0% |
| Gross operating margin | 9900 | €32,974 | €17,091 | -€15,883 | -48.2% |
| Operating profit (loss) | 9901 | €11,500 | €7,710 | -€3,790 | -33.0% |
| Recurring financial income | 75 | €535 | €903 | +€369 | +68.9% |
| Recurring financial charges | 65 | €3,121 | €2,959 | -€163 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €8,914 | €6,772 | -€2,142 | -24.0% |
| Income taxes | 67/77 | €2,202 | €2,393 | +€191 | +8.7% |
| Profit (loss) for the period | 9904 | €6,712 | €4,379 | -€2,333 | -34.8% |
| Profit (loss) for the period to be appropriated | 9905 | €6,712 | €4,379 | -€2,333 | -34.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2013 and 31 December 2014. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.