PUBLIEST BELGIQUE: 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.
PUBLIEST BELGIQUE
Largest movements
- Receivables within one year -€25,944
down €25,944 (-55.7%), from €46,584 to €20,640
of which Trade receivables: -€25,933
- Deferred charges and accrued income -€3,400
no longer reported in 2025 (was €3,400)
- Cash -€625
down €625 (-34.8%), from €1,795 to €1,170
mainly Trade debts (-€37,468) and Net result for the year (-€9,017)
- Trade debts -€37,468
no longer reported in 2025 (was €37,468)
- Accrued charges and deferred income +€15,778
up €15,778 (+278%), from €5,677 to €21,455
- Profit (loss) carried forward -€9,017
down €9,017 (-94.5%), from -€9,543 to -€18,560
- Contributions +€8,000
up €8,000 (+107%), from €7,500 to €15,500
- Tax, wage and social debts -€7,263
down €7,263 (-68.0%), from €10,677 to €3,414
- Gross operating margin +€22,831
up €22,831 (+80.8%), from -€28,240 to -€5,409
- Other operating charges +€3,444
new in 2025: €3,444
- Financial charges -€693
down €693 (-80.9%), from €857 to €164
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 | €51,779 | €21,809 | -€29,970 | -57.9% |
| Current assets | 29/58 | €51,779 | €21,809 | -€29,970 | -57.9% |
| Amounts receivable within one year | 40/41 | €46,584 | €20,640 | -€25,944 | -55.7% |
| Trade receivables | 40 | €46,573 | €20,640 | -€25,933 | -55.7% |
| Other amounts receivable | 41 | €12 | - | -€12 | |
| Cash at bank and in hand | 54/58 | €1,795 | €1,170 | -€625 | -34.8% |
| Deferred charges and accrued income | 490/1 | €3,400 | - | -€3,400 | |
| Total equity and liabilities | 10/49 | €51,779 | €21,809 | -€29,970 | -57.9% |
| Equity | 10/15 | -€2,043 | -€3,060 | -€1,017 | -49.8% |
| Contributions | 10/11 | €7,500 | €15,500 | +€8,000 | +107% |
| Profit (loss) carried forward | 14 | -€9,543 | -€18,560 | -€9,017 | -94.5% |
| Amounts payable | 17/49 | €53,822 | €24,869 | -€28,953 | -53.8% |
| Amounts payable within one year | 42/48 | €48,145 | €3,414 | -€44,731 | -92.9% |
| Trade debts | 44 | €37,468 | - | -€37,468 | |
| Suppliers | 440/4 | €37,468 | - | -€37,468 | |
| Taxes, remuneration and social security | 45 | €10,677 | €3,414 | -€7,263 | -68.0% |
| Taxes | 450/3 | €10,677 | €3,414 | -€7,263 | -68.0% |
| Accrued charges and deferred income | 492/3 | €5,677 | €21,455 | +€15,778 | +278% |
| Other operating charges | 640/8 | - | €3,444 | +€3,444 | |
| Non-recurring operating charges | 66A | €1,070 | - | -€1,070 | |
| Gross operating margin | 9900 | -€28,240 | -€5,409 | +€22,831 | +80.8% |
| Operating profit (loss) | 9901 | -€29,310 | -€8,853 | +€20,457 | +69.8% |
| Financial charges | 65/66B | €857 | €164 | -€693 | -80.9% |
| Recurring financial charges | 65 | €857 | €164 | -€693 | -80.9% |
| Profit (loss) for the period before taxes | 9903 | -€30,167 | -€9,017 | +€21,150 | +70.1% |
| Income taxes | 67/77 | €100 | - | -€100 | |
| Profit (loss) for the period | 9904 | -€30,268 | -€9,017 | +€21,251 | +70.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,268 | -€9,017 | +€21,251 | +70.2% |
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.