PUBLI BOARD: 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 BOARD
Largest movements
- Tangible fixed assets -€28,534
down €28,534 (-11.8%), from €242,404 to €213,870
of which Land and buildings: -€18,637
- Cash +€14,017
up €14,017 (+1074.0%), from €1,305 to €15,323
mainly Depreciation (+€36,134) and Debts after one year (+€17,224)
- Receivables within one year -€6,666
down €6,666 (-71.5%), from €9,321 to €2,655
of which Trade receivables: -€5,944
- Other debts -€43,830
down €43,830 (-20.1%), from €217,650 to €173,820
- Debts after one year +€17,224
up €17,224 (+90.9%), from €18,954 to €36,178
- Profit (loss) carried forward +€7,206
up €7,206 (+13.4%), from -€53,877 to -€46,671
- Gross operating margin +€13,473
up €13,473 (+37.7%), from €35,732 to €49,205
- Depreciation +€1,568
up €1,568 (+4.5%), from €34,566 to €36,134
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 | €257,872 | €237,302 | -€20,570 | -8.0% |
| Fixed assets | 21/28 | €243,160 | €213,870 | -€29,289 | -12.0% |
| Tangible fixed assets | 22/27 | €242,404 | €213,870 | -€28,534 | -11.8% |
| Land and buildings | 22 | €205,002 | €186,365 | -€18,637 | -9.1% |
| Plant, machinery and equipment | 23 | €3,615 | €5,226 | +€1,611 | +44.6% |
| Furniture and vehicles | 24 | €33,788 | €22,279 | -€11,508 | -34.1% |
| Financial fixed assets | 28 | €756 | - | -€756 | |
| Current assets | 29/58 | €14,712 | €23,431 | +€8,719 | +59.3% |
| Amounts receivable within one year | 40/41 | €9,321 | €2,655 | -€6,666 | -71.5% |
| Trade receivables | 40 | €7,409 | €1,464 | -€5,944 | -80.2% |
| Other amounts receivable | 41 | €1,912 | €1,191 | -€721 | -37.7% |
| Cash at bank and in hand | 54/58 | €1,305 | €15,323 | +€14,017 | +1074.0% |
| Deferred charges and accrued income | 490/1 | €4,086 | €5,453 | +€1,368 | +33.5% |
| Total equity and liabilities | 10/49 | €257,872 | €237,302 | -€20,570 | -8.0% |
| Equity | 10/15 | -€1,792 | €5,413 | +€7,206 | |
| Contributions | 10/11 | €46,600 | €46,600 | = | 0.0% |
| Reserves | 13 | €5,484 | €5,484 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,164 | €2,164 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,164 | €2,164 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,320 | €3,320 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,877 | -€46,671 | +€7,206 | +13.4% |
| Amounts payable | 17/49 | €259,664 | €231,888 | -€27,776 | -10.7% |
| Amounts payable after more than one year | 17 | €18,954 | €36,178 | +€17,224 | +90.9% |
| Financial debts | 170/4 | €18,954 | €36,178 | +€17,224 | +90.9% |
| Amounts payable within one year | 42/48 | €240,711 | €195,201 | -€45,510 | -18.9% |
| Current portion of amounts payable after more than one year | 42 | €19,078 | €18,262 | -€817 | -4.3% |
| Trade debts | 44 | €3,982 | €3,063 | -€919 | -23.1% |
| Suppliers | 440/4 | €3,982 | €3,063 | -€919 | -23.1% |
| Taxes, remuneration and social security | 45 | - | €56 | +€56 | |
| Taxes | 450/3 | - | €56 | +€56 | |
| Other amounts payable | 47/48 | €217,650 | €173,820 | -€43,830 | -20.1% |
| Accrued charges and deferred income | 492/3 | - | €510 | +€510 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,566 | €36,134 | +€1,568 | +4.5% |
| Other operating charges | 640/8 | €4,846 | €4,814 | -€32 | -0.7% |
| Gross operating margin | 9900 | €35,732 | €49,205 | +€13,473 | +37.7% |
| Operating profit (loss) | 9901 | -€3,681 | €8,256 | +€11,937 | |
| Financial income | 75/76B | - | €340 | +€340 | |
| Recurring financial income | 75 | - | €340 | +€340 | |
| Financial charges | 65/66B | €1,372 | €1,390 | +€18 | +1.3% |
| Recurring financial charges | 65 | €1,372 | €1,390 | +€18 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | -€5,053 | €7,206 | +€12,259 | |
| Profit (loss) for the period | 9904 | -€5,053 | €7,206 | +€12,259 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,053 | €7,206 | +€12,259 |
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 12 October 2026 via checked.be.