PUBLI-BEN: 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.
PUBLI-BEN
Largest movements
- Tangible fixed assets +€12,585
up €12,585 (+88.4%), from €14,231 to €26,816
of which Plant, machinery and equipment: +€17,667
- Cash +€10,142
up €10,142 (+57.0%), from €17,784 to €27,926
mainly Debts after one year (+€10,482) and Depreciation (+€8,102)
- Debts after one year +€10,482
up €10,482 (+143.9%), from €7,283 to €17,765
- Profit (loss) carried forward +€4,295
up €4,295 (+436.9%), from €983 to €5,278
- Current portion of long-term debt +€2,783
up €2,783 (+53.4%), from €5,212 to €7,995
- Tax, wage and social debts +€2,605
up €2,605 (+472.6%), from €551 to €3,156
- Trade debts +€1,647
up €1,647 (+24.5%), from €6,715 to €8,362
- Gross operating margin +€3,686
up €3,686 (+33.3%), from €11,082 to €14,768
- Depreciation +€1,830
up €1,830 (+29.2%), from €6,272 to €8,102
- Financial charges +€435
up €435 (+35.0%), from €1,242 to €1,677
- Other operating charges +€400
up €400 (+136.1%), from €294 to €693
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 | €92,331 | €113,936 | +€21,605 | +23.4% |
| Fixed assets | 21/28 | €14,288 | €26,873 | +€12,585 | +88.1% |
| Tangible fixed assets | 22/27 | €14,231 | €26,816 | +€12,585 | +88.4% |
| Plant, machinery and equipment | 23 | €2,256 | €19,923 | +€17,667 | +783.1% |
| Leasing and similar rights | 25 | €11,975 | €6,893 | -€5,082 | -42.4% |
| Financial fixed assets | 28 | €57 | €57 | = | 0.0% |
| Current assets | 29/58 | €78,043 | €87,063 | +€9,020 | +11.6% |
| Stocks and contracts in progress | 3 | €5,028 | €4,854 | -€175 | -3.5% |
| Stocks | 30/36 | €5,028 | €4,854 | -€175 | -3.5% |
| Amounts receivable within one year | 40/41 | €55,111 | €54,283 | -€828 | -1.5% |
| Trade receivables | 40 | €8,428 | €506 | -€7,922 | -94.0% |
| Other amounts receivable | 41 | €46,683 | €53,777 | +€7,094 | +15.2% |
| Cash at bank and in hand | 54/58 | €17,784 | €27,926 | +€10,142 | +57.0% |
| Deferred charges and accrued income | 490/1 | €119 | €0 | -€119 | -100.0% |
| Total equity and liabilities | 10/49 | €92,331 | €113,936 | +€21,605 | +23.4% |
| Equity | 10/15 | €33,442 | €37,738 | +€4,295 | +12.8% |
| Contributions | 10/11 | €20,459 | €20,459 | = | 0.0% |
| Reserves | 13 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €12,000 | €12,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €983 | €5,278 | +€4,295 | +436.9% |
| Amounts payable | 17/49 | €58,889 | €76,198 | +€17,310 | +29.4% |
| Amounts payable after more than one year | 17 | €7,283 | €17,765 | +€10,482 | +143.9% |
| Financial debts | 170/4 | €7,283 | €17,765 | +€10,482 | +143.9% |
| Amounts payable within one year | 42/48 | €51,606 | €58,433 | +€6,827 | +13.2% |
| Current portion of amounts payable after more than one year | 42 | €5,212 | €7,995 | +€2,783 | +53.4% |
| Trade debts | 44 | €6,715 | €8,362 | +€1,647 | +24.5% |
| Suppliers | 440/4 | €6,715 | €8,362 | +€1,647 | +24.5% |
| Taxes, remuneration and social security | 45 | €551 | €3,156 | +€2,605 | +472.6% |
| Taxes | 450/3 | €551 | €3,156 | +€2,605 | +472.6% |
| Other amounts payable | 47/48 | €39,129 | €38,921 | -€208 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,272 | €8,102 | +€1,830 | +29.2% |
| Other operating charges | 640/8 | €294 | €693 | +€400 | +136.1% |
| Gross operating margin | 9900 | €11,082 | €14,768 | +€3,686 | +33.3% |
| Operating profit (loss) | 9901 | €4,516 | €5,972 | +€1,457 | +32.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €1,242 | €1,677 | +€435 | +35.0% |
| Recurring financial charges | 65 | €1,242 | €1,677 | +€435 | +35.0% |
| Profit (loss) for the period before taxes | 9903 | €3,273 | €4,295 | +€1,022 | +31.2% |
| Profit (loss) for the period | 9904 | €3,273 | €4,295 | +€1,022 | +31.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,273 | €4,295 | +€1,022 | +31.2% |
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 11 October 2026 via checked.be.