The Pub: 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.
The Pub
Largest movements
- Receivables within one year +€10,884
up €10,884 (+7.9%), from €137,248 to €148,132
of which Other amounts receivable: +€10,618
- Cash -€6,281
down €6,281 (-41.3%), from €15,207 to €8,926
mainly Receivables within one year (-€10,884)
- Tax, wage and social debts +€2,331
up €2,331 (+265%), from €880 to €3,211
- Taxes +€6,645
new in 2025: €6,645
- Financial income +€2,904
up €2,904 (+32.4%), from €8,975 to €11,879
of which Financial income: +€1,647
- Other operating charges +€237
up €237 (+10.1%), from €2,358 to €2,595
- Depreciation +€130
up €130 (+52.0%), from €250 to €380
- Gross operating margin -€38
down €38 (-2.5%), from -€1,520 to -€1,558
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 | €155,206 | €158,056 | +€2,850 | +1.8% |
| Fixed assets | 21/28 | €1,039 | €659 | -€380 | -36.6% |
| Tangible fixed assets | 22/27 | €1,039 | €659 | -€380 | -36.6% |
| Plant, machinery and equipment | 23 | €430 | €290 | -€140 | -32.6% |
| Furniture and vehicles | 24 | €609 | €369 | -€240 | -39.4% |
| Current assets | 29/58 | €154,167 | €157,397 | +€3,230 | +2.1% |
| Stocks and contracts in progress | 3 | €1,712 | €339 | -€1,373 | -80.2% |
| Stocks | 30/36 | €1,712 | €339 | -€1,373 | -80.2% |
| Amounts receivable within one year | 40/41 | €137,248 | €148,132 | +€10,884 | +7.9% |
| Trade receivables | 40 | €8,903 | €9,169 | +€266 | +3.0% |
| Other amounts receivable | 41 | €128,345 | €138,963 | +€10,618 | +8.3% |
| Cash at bank and in hand | 54/58 | €15,207 | €8,926 | -€6,281 | -41.3% |
| Total equity and liabilities | 10/49 | €155,206 | €158,056 | +€2,850 | +1.8% |
| Equity | 10/15 | €154,326 | €154,845 | +€519 | +0.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €104,326 | €104,845 | +€519 | +0.5% |
| Non-distributable reserves | 130/1 | €5,000 | €5,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,000 | €5,000 | = | 0.0% |
| Distributable reserves | 133 | €99,326 | €99,845 | +€519 | +0.5% |
| Amounts payable | 17/49 | €880 | €3,211 | +€2,331 | +265% |
| Amounts payable within one year | 42/48 | €880 | €3,211 | +€2,331 | +265% |
| Taxes, remuneration and social security | 45 | €880 | €3,211 | +€2,331 | +265% |
| Taxes | 450/3 | €880 | €3,211 | +€2,331 | +265% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250 | €380 | +€130 | +52.0% |
| Other operating charges | 640/8 | €2,358 | €2,595 | +€237 | +10.1% |
| Gross operating margin | 9900 | -€1,520 | -€1,558 | -€38 | -2.5% |
| Operating profit (loss) | 9901 | -€4,128 | -€4,533 | -€405 | -9.8% |
| Financial income | 75/76B | €8,975 | €11,879 | +€2,904 | +32.4% |
| Recurring financial income | 75 | €8,975 | €10,622 | +€1,647 | +18.4% |
| Non-recurring financial income | 76B | - | €1,257 | +€1,257 | |
| Financial charges | 65/66B | €174 | €182 | +€8 | +4.6% |
| Recurring financial charges | 65 | €174 | €182 | +€8 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | €4,673 | €7,164 | +€2,491 | +53.3% |
| Income taxes | 67/77 | - | €6,645 | +€6,645 | |
| Profit (loss) for the period | 9904 | €4,673 | €519 | -€4,154 | -88.9% |
| Profit (loss) for the period to be appropriated | 9905 | €4,673 | €519 | -€4,154 | -88.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.