Publimail: 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.
Publimail
Largest movements
- Cash -€6,402
down €6,402 (-15.3%), from €41,861 to €35,458
mainly Trade debts (-€4,450) and Receivables within one year (-€937)
- Trade debts -€4,450
down €4,450 (-3.7%), from €120,452 to €116,002
- Taxes +€223
new in 2025: €223
- Gross operating margin +€196
up €196 (+74.9%), from -€261 to -€66
- Financial charges -€167
down €167 (-74.1%), from €225 to €58
- Other operating charges -€38
down €38 (-8.6%), from €437 to €400
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 | €192,696 | €187,231 | -€5,465 | -2.8% |
| Current assets | 29/58 | €192,696 | €187,231 | -€5,465 | -2.8% |
| Amounts receivable within one year | 40/41 | €75,835 | €76,773 | +€937 | +1.2% |
| Other amounts receivable | 41 | €75,835 | €76,773 | +€937 | +1.2% |
| Current investments | 50/53 | €75,000 | €75,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €41,861 | €35,458 | -€6,402 | -15.3% |
| Total equity and liabilities | 10/49 | €192,696 | €187,231 | -€5,465 | -2.8% |
| Equity | 10/15 | €69,530 | €68,784 | -€746 | -1.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,330 | €584 | -€746 | -56.1% |
| Amounts payable | 17/49 | €123,166 | €118,447 | -€4,719 | -3.8% |
| Amounts payable within one year | 42/48 | €121,343 | €116,225 | -€5,118 | -4.2% |
| Trade debts | 44 | €120,452 | €116,002 | -€4,450 | -3.7% |
| Suppliers | 440/4 | €120,452 | €116,002 | -€4,450 | -3.7% |
| Taxes, remuneration and social security | 45 | €891 | €223 | -€668 | -75.0% |
| Taxes | 450/3 | €891 | €223 | -€668 | -75.0% |
| Accrued charges and deferred income | 492/3 | €1,823 | €2,222 | +€400 | +21.9% |
| Other operating charges | 640/8 | €437 | €400 | -€38 | -8.6% |
| Gross operating margin | 9900 | -€261 | -€66 | +€196 | +74.9% |
| Operating profit (loss) | 9901 | -€699 | -€465 | +€233 | +33.4% |
| Financial charges | 65/66B | €225 | €58 | -€167 | -74.1% |
| Recurring financial charges | 65 | €225 | €58 | -€167 | -74.1% |
| Profit (loss) for the period before taxes | 9903 | -€924 | -€524 | +€400 | +43.3% |
| Income taxes | 67/77 | - | €223 | +€223 | |
| Profit (loss) for the period | 9904 | -€924 | -€746 | +€177 | +19.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€924 | -€746 | +€177 | +19.2% |
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 13 October 2026 via checked.be.