PUBLI - CAR: 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 - CAR
Largest movements
- Stocks and contracts -€3,000
down €3,000 (-90.9%), from €3,300 to €300
- Tangible fixed assets +€2,941
up €2,941 (+1.5%), from €196,097 to €199,038
of which Plant, machinery and equipment: +€9,223
- Reserves +€29,000
up €29,000 (+80.7%), from €35,944 to €64,944
of which Distributable reserves: +€29,000
- Debts after one year -€24,808
down €24,808 (-22.8%), from €108,969 to €84,161
- Other debts -€12,262
down €12,262 (-98.7%), from €12,422 to €160
- Gross operating margin +€9,709
up €9,709 (+15.2%), from €63,703 to €73,412
- Depreciation +€3,944
up €3,944 (+16.4%), from €24,010 to €27,954
- Taxes +€2,900
new in 2025: €2,900
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 | €230,485 | €227,457 | -€3,028 | -1.3% |
| Fixed assets | 21/28 | €196,097 | €199,038 | +€2,941 | +1.5% |
| Tangible fixed assets | 22/27 | €196,097 | €199,038 | +€2,941 | +1.5% |
| Land and buildings | 22 | €131,787 | €122,954 | -€8,833 | -6.7% |
| Plant, machinery and equipment | 23 | €8,738 | €17,961 | +€9,223 | +106% |
| Furniture and vehicles | 24 | €55,572 | €58,122 | +€2,550 | +4.6% |
| Current assets | 29/58 | €34,388 | €28,419 | -€5,968 | -17.4% |
| Stocks and contracts in progress | 3 | €3,300 | €300 | -€3,000 | -90.9% |
| Stocks | 30/36 | €3,300 | €300 | -€3,000 | -90.9% |
| Amounts receivable within one year | 40/41 | €10,073 | €8,262 | -€1,811 | -18.0% |
| Trade receivables | 40 | €10,073 | €8,262 | -€1,811 | -18.0% |
| Cash at bank and in hand | 54/58 | €16,896 | €15,697 | -€1,200 | -7.1% |
| Deferred charges and accrued income | 490/1 | €4,119 | €4,161 | +€42 | +1.0% |
| Total equity and liabilities | 10/49 | €230,485 | €227,457 | -€3,028 | -1.3% |
| Equity | 10/15 | €74,172 | €103,590 | +€29,418 | +39.7% |
| Contributions | 10/11 | €93,592 | €93,592 | = | 0.0% |
| Revaluation surpluses | 12 | €48,000 | €48,000 | = | 0.0% |
| Reserves | 13 | €35,944 | €64,944 | +€29,000 | +80.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,301 | €10,301 | = | 0.0% |
| Distributable reserves | 133 | €23,784 | €52,784 | +€29,000 | +122% |
| Profit (loss) carried forward | 14 | -€103,364 | -€102,946 | +€418 | +0.4% |
| Amounts payable | 17/49 | €156,313 | €123,867 | -€32,446 | -20.8% |
| Amounts payable after more than one year | 17 | €108,969 | €84,161 | -€24,808 | -22.8% |
| Financial debts | 170/4 | €108,969 | €84,161 | -€24,808 | -22.8% |
| Amounts payable within one year | 42/48 | €44,496 | €36,411 | -€8,085 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €24,537 | €24,808 | +€271 | +1.1% |
| Trade debts | 44 | €1,630 | €3,850 | +€2,220 | +136% |
| Suppliers | 440/4 | €1,630 | €3,850 | +€2,220 | +136% |
| Taxes, remuneration and social security | 45 | €5,906 | €7,593 | +€1,687 | +28.6% |
| Taxes | 450/3 | €5,906 | €7,593 | +€1,687 | +28.6% |
| Other amounts payable | 47/48 | €12,422 | €160 | -€12,262 | -98.7% |
| Accrued charges and deferred income | 492/3 | €2,848 | €3,295 | +€447 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,010 | €27,954 | +€3,944 | +16.4% |
| Other operating charges | 640/8 | €9,382 | €9,238 | -€144 | -1.5% |
| Gross operating margin | 9900 | €63,703 | €73,412 | +€9,709 | +15.2% |
| Operating profit (loss) | 9901 | €30,311 | €36,220 | +€5,909 | +19.5% |
| Financial income | 75/76B | €29 | €3 | -€26 | -89.2% |
| Recurring financial income | 75 | €29 | €3 | -€26 | -89.2% |
| Financial charges | 65/66B | €3,926 | €3,906 | -€20 | -0.5% |
| Recurring financial charges | 65 | €3,926 | €3,906 | -€20 | -0.5% |
| Profit (loss) for the period before taxes | 9903 | €26,414 | €32,318 | +€5,903 | +22.3% |
| Income taxes | 67/77 | - | €2,900 | +€2,900 | |
| Profit (loss) for the period | 9904 | €26,414 | €29,418 | +€3,003 | +11.4% |
| Profit (loss) for the period to be appropriated | 9905 | €26,414 | €29,418 | +€3,003 | +11.4% |
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 17 October 2026 via checked.be.