PUBLIEK: 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.
PUBLIEK
Largest movements
- Cash -€944
down €944 (-9.3%), from €10,177 to €9,234
mainly Net result for the year (-€4,568) and Receivables within one year (-€56)
- Tangible fixed assets -€594
down €594 (-45.6%), from €1,303 to €708
- Profit (loss) carried forward -€4,568
down €4,568 (-53.6%), from €8,521 to €3,953
- Trade debts +€1,887
up €1,887 (+1457.1%), from €130 to €2,016
- Other debts +€1,200
up €1,200 (+7.5%), from €15,911 to €17,111
- Gross operating margin -€4,640
down €4,640, from €1,239 to -€3,400
- Financial charges +€51
up €51 (+1700.0%), from €3 to €54
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 | €32,621 | €31,140 | -€1,482 | -4.5% |
| Fixed assets | 21/28 | €1,303 | €708 | -€594 | -45.6% |
| Tangible fixed assets | 22/27 | €1,303 | €708 | -€594 | -45.6% |
| Furniture and vehicles | 24 | €1,303 | €708 | -€594 | -45.6% |
| Current assets | 29/58 | €31,319 | €30,432 | -€887 | -2.8% |
| Amounts receivable within one year | 40/41 | €21,142 | €21,198 | +€56 | +0.3% |
| Other amounts receivable | 41 | €21,142 | €21,198 | +€56 | +0.3% |
| Cash at bank and in hand | 54/58 | €10,177 | €9,234 | -€944 | -9.3% |
| Total equity and liabilities | 10/49 | €32,621 | €31,140 | -€1,482 | -4.5% |
| Equity | 10/15 | €16,581 | €12,013 | -€4,568 | -27.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,521 | €3,953 | -€4,568 | -53.6% |
| Amounts payable | 17/49 | €16,040 | €19,127 | +€3,087 | +19.2% |
| Amounts payable within one year | 42/48 | €16,040 | €19,127 | +€3,087 | +19.2% |
| Trade debts | 44 | €130 | €2,016 | +€1,887 | +1457.1% |
| Suppliers | 440/4 | €130 | €2,016 | +€1,887 | +1457.1% |
| Other amounts payable | 47/48 | €15,911 | €17,111 | +€1,200 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €594 | €594 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €1,239 | -€3,400 | -€4,640 | |
| Operating profit (loss) | 9901 | €140 | -€4,514 | -€4,654 | |
| Financial charges | 65/66B | €3 | €54 | +€51 | +1700.0% |
| Recurring financial charges | 65 | €3 | €54 | +€51 | +1700.0% |
| Profit (loss) for the period before taxes | 9903 | €137 | -€4,568 | -€4,705 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | €137 | -€4,568 | -€4,705 | |
| Profit (loss) for the period to be appropriated | 9905 | €137 | -€4,568 | -€4,705 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.