PUBLIPHOTO: 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.
PUBLIPHOTO
Largest movements
- Stocks and contracts +€13,048
up €13,048 (+47.0%), from €27,733 to €40,781
- Cash -€2,323
down €2,323 (-4.6%), from €50,191 to €47,868
mainly Stocks and contracts (-€13,048) and Other debts (-€4,310)
- Receivables within one year -€2,007
down €2,007 (-33.5%), from €5,983 to €3,976
of which Trade receivables: -€2,064
- Profit (loss) carried forward +€10,616
up €10,616 (+9.7%), from -€109,959 to -€99,343
- Other debts -€4,310
down €4,310 (-12.6%), from €34,316 to €30,007
- Trade debts +€1,972
up €1,972 (+118.4%), from €1,666 to €3,638
- Gross operating margin -€11,714
down €11,714 (-49.9%), from €23,454 to €11,741
- Other operating charges +€386
up €386 (+55.6%), from €695 to €1,081
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 | €84,756 | €93,147 | +€8,391 | +9.9% |
| Fixed assets | 21/28 | €389 | €124 | -€265 | -68.1% |
| Tangible fixed assets | 22/27 | €265 | €0 | -€265 | -100.0% |
| Furniture and vehicles | 24 | €265 | €0 | -€265 | -100.0% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €84,366 | €93,023 | +€8,656 | +10.3% |
| Stocks and contracts in progress | 3 | €27,733 | €40,781 | +€13,048 | +47.0% |
| Stocks | 30/36 | €27,733 | €40,781 | +€13,048 | +47.0% |
| Amounts receivable within one year | 40/41 | €5,983 | €3,976 | -€2,007 | -33.5% |
| Trade receivables | 40 | €5,940 | €3,875 | -€2,064 | -34.8% |
| Other amounts receivable | 41 | €43 | €101 | +€58 | +133.6% |
| Cash at bank and in hand | 54/58 | €50,191 | €47,868 | -€2,323 | -4.6% |
| Deferred charges and accrued income | 490/1 | €460 | €397 | -€62 | -13.5% |
| Total equity and liabilities | 10/49 | €84,756 | €93,147 | +€8,391 | +9.9% |
| Equity | 10/15 | -€89,959 | -€79,343 | +€10,616 | +11.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€109,959 | -€99,343 | +€10,616 | +9.7% |
| Amounts payable | 17/49 | €174,714 | €172,490 | -€2,225 | -1.3% |
| Amounts payable after more than one year | 17 | €137,509 | €137,509 | = | 0.0% |
| Other amounts payable | 178/9 | €137,509 | €137,509 | = | 0.0% |
| Amounts payable within one year | 42/48 | €37,206 | €34,981 | -€2,225 | -6.0% |
| Trade debts | 44 | €1,666 | €3,638 | +€1,972 | +118.4% |
| Suppliers | 440/4 | €1,666 | €3,638 | +€1,972 | +118.4% |
| Taxes, remuneration and social security | 45 | €1,224 | €1,337 | +€113 | +9.2% |
| Taxes | 450/3 | €1,224 | €1,337 | +€113 | +9.2% |
| Other amounts payable | 47/48 | €34,316 | €30,007 | -€4,310 | -12.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €263 | €265 | +€2 | +0.8% |
| Other operating charges | 640/8 | €695 | €1,081 | +€386 | +55.6% |
| Gross operating margin | 9900 | €23,454 | €11,741 | -€11,714 | -49.9% |
| Operating profit (loss) | 9901 | €22,497 | €10,394 | -€12,102 | -53.8% |
| Financial income | 75/76B | €460 | €280 | -€181 | -39.2% |
| Recurring financial income | 75 | €460 | €280 | -€181 | -39.2% |
| Financial charges | 65/66B | €56 | €58 | +€2 | +4.4% |
| Recurring financial charges | 65 | €56 | €58 | +€2 | +4.4% |
| Profit (loss) for the period before taxes | 9903 | €22,901 | €10,616 | -€12,285 | -53.6% |
| Profit (loss) for the period | 9904 | €22,901 | €10,616 | -€12,285 | -53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,901 | €10,616 | -€12,285 | -53.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.