PUBLIKADO: 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.
PUBLIKADO
Largest movements
- Cash -€12,586
down €12,586 (-31.5%), from €40,007 to €27,421
mainly Net result for the year (-€9,980) and Deferred charges and accrued income (-€9,534)
- Deferred charges and accrued income +€9,534
up €9,534 (+3,440%), from €277 to €9,811
- Stocks and contracts +€2,974
up €2,974 (+33.1%), from €8,992 to €11,966
- Receivables within one year -€2,304
down €2,304 (-2.2%), from €105,732 to €103,429
of which Other amounts receivable: -€5,171
- Profit (loss) carried forward -€9,980
down €9,980 (-16.5%), from €60,533 to €50,553
- Tax, wage and social debts +€7,547
up €7,547 (+2,090%), from €361 to €7,908
of which Taxes: +€5,797
- Gross operating margin -€448,422
down €448,422, from €438,549 to -€9,873
- Taxes -€45,487
no longer reported in 2025 (was €45,487)
- Other operating charges -€45,277
down €45,277 (-97.5%), from €46,421 to €1,144
- Financial charges -€41,753
down €41,753 (-98.1%), from €42,562 to €809
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 | €155,652 | €153,270 | -€2,382 | -1.5% |
| Fixed assets | 21/28 | €644 | €644 | = | 0.0% |
| Financial fixed assets | 28 | €644 | €644 | = | 0.0% |
| Current assets | 29/58 | €155,008 | €152,626 | -€2,382 | -1.5% |
| Stocks and contracts in progress | 3 | €8,992 | €11,966 | +€2,974 | +33.1% |
| Stocks | 30/36 | €8,992 | €11,966 | +€2,974 | +33.1% |
| Amounts receivable within one year | 40/41 | €105,732 | €103,429 | -€2,304 | -2.2% |
| Trade receivables | 40 | €61,009 | €63,877 | +€2,867 | +4.7% |
| Other amounts receivable | 41 | €44,723 | €39,552 | -€5,171 | -11.6% |
| Cash at bank and in hand | 54/58 | €40,007 | €27,421 | -€12,586 | -31.5% |
| Deferred charges and accrued income | 490/1 | €277 | €9,811 | +€9,534 | +3,440% |
| Total equity and liabilities | 10/49 | €155,652 | €153,270 | -€2,382 | -1.5% |
| Equity | 10/15 | €83,902 | €73,922 | -€9,980 | -11.9% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €4,619 | €4,619 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,137 | €2,137 | = | 0.0% |
| Distributable reserves | 133 | €2,481 | €2,481 | = | 0.0% |
| Profit (loss) carried forward | 14 | €60,533 | €50,553 | -€9,980 | -16.5% |
| Provisions and deferred taxes | 16 | €15,076 | €15,076 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €15,076 | €15,076 | = | 0.0% |
| Major repairs and maintenance | 162 | €15,076 | €15,076 | = | 0.0% |
| Amounts payable | 17/49 | €56,674 | €64,272 | +€7,598 | +13.4% |
| Amounts payable within one year | 42/48 | €56,674 | €63,626 | +€6,952 | +12.3% |
| Trade debts | 44 | €50,098 | €49,599 | -€499 | -1.0% |
| Suppliers | 440/4 | €50,098 | €49,599 | -€499 | -1.0% |
| Taxes, remuneration and social security | 45 | €361 | €7,908 | +€7,547 | +2,090% |
| Taxes | 450/3 | €361 | €6,158 | +€5,797 | +1,605% |
| Remuneration and social security | 454/9 | - | €1,750 | +€1,750 | |
| Other amounts payable | 47/48 | €6,215 | €6,119 | -€96 | -1.5% |
| Accrued charges and deferred income | 492/3 | - | €646 | +€646 | |
| Non-recurring operating income | 76A | €596,834 | - | -€596,834 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€589 | -€589 | |
| Other operating charges | 640/8 | €46,421 | €1,144 | -€45,277 | -97.5% |
| Gross operating margin | 9900 | €438,549 | -€9,873 | -€448,422 | |
| Operating profit (loss) | 9901 | €392,128 | -€10,428 | -€402,556 | |
| Financial income | 75/76B | €67 | €1,257 | +€1,190 | +1,773% |
| Recurring financial income | 75 | €67 | €154 | +€87 | +130% |
| Non-recurring financial income | 76B | - | €1,102 | +€1,102 | |
| Financial charges | 65/66B | €42,562 | €809 | -€41,753 | -98.1% |
| Recurring financial charges | 65 | €42,562 | €809 | -€41,753 | -98.1% |
| Profit (loss) for the period before taxes | 9903 | €349,633 | -€9,980 | -€359,613 | |
| Income taxes | 67/77 | €45,487 | - | -€45,487 | |
| Profit (loss) for the period | 9904 | €304,146 | -€9,980 | -€314,126 | |
| Profit (loss) for the period to be appropriated | 9905 | €304,146 | -€9,980 | -€314,126 |
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 23 October 2026 via checked.be.