Publisven: 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.
Publisven
Largest movements
- Receivables within one year +€7,877
up €7,877 (+189%), from €4,170 to €12,047
of which Trade receivables: +€4,660
- Cash -€7,641
down €7,641 (-38.2%), from €19,980 to €12,339
mainly Investment in fixed assets (net) (-€25,788) and Debts after one year (-€10,102)
- Debts after one year -€10,102
down €10,102 (-20.9%), from €48,329 to €38,227
- Other debts +€6,359
up €6,359 (+57.9%), from €10,977 to €17,336
- Trade debts -€3,306
down €3,306 (-50.8%), from €6,503 to €3,197
- Reserves +€2,402
up €2,402 (+3.8%), from €62,483 to €64,886
- Current portion of long-term debt +€2,117
up €2,117 (+10.9%), from €19,497 to €21,614
- Gross operating margin -€6,387
down €6,387 (-15.2%), from €41,963 to €35,576
- Taxes -€3,285
down €3,285 (-72.6%), from €4,526 to €1,241
- Depreciation +€2,729
up €2,729 (+12.3%), from €22,247 to €24,976
- Financial income -€439
down €439 (-98.8%), from €444 to €5
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 | €151,616 | €151,345 | -€271 | -0.2% |
| Fixed assets | 21/28 | €122,648 | €123,461 | +€812 | +0.7% |
| Tangible fixed assets | 22/27 | €122,073 | €122,886 | +€812 | +0.7% |
| Land and buildings | 22 | €86,602 | €87,637 | +€1,035 | +1.2% |
| Plant, machinery and equipment | 23 | €14,091 | €19,058 | +€4,967 | +35.3% |
| Furniture and vehicles | 24 | €21,381 | €16,191 | -€5,190 | -24.3% |
| Financial fixed assets | 28 | €575 | €575 | = | 0.0% |
| Current assets | 29/58 | €28,968 | €27,884 | -€1,083 | -3.7% |
| Stocks and contracts in progress | 3 | €2,850 | €2,850 | = | 0.0% |
| Stocks | 30/36 | €2,850 | €2,850 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,170 | €12,047 | +€7,877 | +189% |
| Trade receivables | 40 | €2,296 | €6,956 | +€4,660 | +203% |
| Other amounts receivable | 41 | €1,874 | €5,091 | +€3,217 | +172% |
| Cash at bank and in hand | 54/58 | €19,980 | €12,339 | -€7,641 | -38.2% |
| Deferred charges and accrued income | 490/1 | €1,968 | €648 | -€1,320 | -67.1% |
| Total equity and liabilities | 10/49 | €151,616 | €151,345 | -€271 | -0.2% |
| Equity | 10/15 | €63,483 | €65,886 | +€2,402 | +3.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €62,483 | €64,886 | +€2,402 | +3.8% |
| Distributable reserves | 133 | €62,483 | €64,886 | +€2,402 | +3.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €88,133 | €85,459 | -€2,673 | -3.0% |
| Amounts payable after more than one year | 17 | €48,329 | €38,227 | -€10,102 | -20.9% |
| Financial debts | 170/4 | €48,329 | €38,227 | -€10,102 | -20.9% |
| Amounts payable within one year | 42/48 | €39,098 | €46,333 | +€7,235 | +18.5% |
| Current portion of amounts payable after more than one year | 42 | €19,497 | €21,614 | +€2,117 | +10.9% |
| Trade debts | 44 | €6,503 | €3,197 | -€3,306 | -50.8% |
| Suppliers | 440/4 | €6,503 | €3,197 | -€3,306 | -50.8% |
| Taxes, remuneration and social security | 45 | €2,121 | €4,187 | +€2,066 | +97.4% |
| Taxes | 450/3 | €2,121 | €4,187 | +€2,066 | +97.4% |
| Other amounts payable | 47/48 | €10,977 | €17,336 | +€6,359 | +57.9% |
| Accrued charges and deferred income | 492/3 | €705 | €898 | +€193 | +27.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,247 | €24,976 | +€2,729 | +12.3% |
| Other operating charges | 640/8 | €1,809 | €1,925 | +€116 | +6.4% |
| Gross operating margin | 9900 | €41,963 | €35,576 | -€6,387 | -15.2% |
| Operating profit (loss) | 9901 | €17,907 | €8,675 | -€9,232 | -51.6% |
| Financial income | 75/76B | €444 | €5 | -€439 | -98.8% |
| Recurring financial income | 75 | €444 | €5 | -€439 | -98.8% |
| Financial charges | 65/66B | €5,244 | €5,037 | -€207 | -3.9% |
| Recurring financial charges | 65 | €5,244 | €5,037 | -€207 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €13,107 | €3,643 | -€9,464 | -72.2% |
| Income taxes | 67/77 | €4,526 | €1,241 | -€3,285 | -72.6% |
| Profit (loss) for the period | 9904 | €8,582 | €2,402 | -€6,179 | -72.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,582 | €2,402 | -€6,179 | -72.0% |
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.