PUBLISTER: 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.
PUBLISTER
Largest movements
- Receivables within one year -€34,674
down €34,674 (-81.9%), from €42,340 to €7,665
of which Trade receivables: -€40,100
- Cash -€2,359
down €2,359 (-5.2%), from €45,630 to €43,271
- Other debts -€31,917
no longer reported in 2025 (was €31,917)
- Profit (loss) carried forward -€4,012
down €4,012 (-14.9%), from €26,855 to €22,843
- Tax, wage and social debts -€1,957
down €1,957 (-94.3%), from €2,076 to €119
- Gross operating margin -€22,969
down €22,969 (-96.2%), from €23,872 to €903
- Taxes -€2,076
no longer reported in 2025 (was €2,076)
- Other operating charges -€684
down €684 (-69.1%), from €990 to €306
- Financial income +€279
new in 2025: €279
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,969 | €50,936 | -€37,033 | -42.1% |
| Current assets | 29/58 | €87,969 | €50,936 | -€37,033 | -42.1% |
| Amounts receivable within one year | 40/41 | €42,340 | €7,665 | -€34,674 | -81.9% |
| Trade receivables | 40 | €42,340 | €2,240 | -€40,100 | -94.7% |
| Other amounts receivable | 41 | - | €5,425 | +€5,425 | |
| Cash at bank and in hand | 54/58 | €45,630 | €43,271 | -€2,359 | -5.2% |
| Total equity and liabilities | 10/49 | €87,969 | €50,936 | -€37,033 | -42.1% |
| Equity | 10/15 | €53,816 | €49,804 | -€4,012 | -7.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,761 | €20,761 | = | 0.0% |
| Distributable reserves | 133 | €20,761 | €20,761 | = | 0.0% |
| Profit (loss) carried forward | 14 | €26,855 | €22,843 | -€4,012 | -14.9% |
| Amounts payable | 17/49 | €34,153 | €1,133 | -€33,021 | -96.7% |
| Amounts payable within one year | 42/48 | €34,153 | €1,133 | -€33,021 | -96.7% |
| Trade debts | 44 | €160 | €1,014 | +€854 | +533.4% |
| Suppliers | 440/4 | €160 | €1,014 | +€854 | +533.4% |
| Taxes, remuneration and social security | 45 | €2,076 | €119 | -€1,957 | -94.3% |
| Taxes | 450/3 | €2,076 | €119 | -€1,957 | -94.3% |
| Other amounts payable | 47/48 | €31,917 | - | -€31,917 | |
| Other operating charges | 640/8 | €990 | €306 | -€684 | -69.1% |
| Gross operating margin | 9900 | €23,872 | €903 | -€22,969 | -96.2% |
| Operating profit (loss) | 9901 | €22,883 | €598 | -€22,285 | -97.4% |
| Financial income | 75/76B | - | €279 | +€279 | |
| Recurring financial income | 75 | - | €279 | +€279 | |
| Financial charges | 65/66B | €46 | €46 | +€1 | +1.8% |
| Recurring financial charges | 65 | €46 | €46 | +€1 | +1.8% |
| Profit (loss) for the period before taxes | 9903 | €22,837 | €831 | -€22,006 | -96.4% |
| Income taxes | 67/77 | €2,076 | - | -€2,076 | |
| Profit (loss) for the period | 9904 | €20,761 | €831 | -€19,930 | -96.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,761 | €831 | -€19,930 | -96.0% |
Source: filed annual accounts (NBB), fiscal years ended 1 September 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.