PUBLI POLDER: 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 POLDER
Largest movements
- Receivables within one year -€12,526
down €12,526 (-14.3%), from €87,334 to €74,808
of which Trade receivables: -€12,327
- Tangible fixed assets -€4,911
down €4,911 (-37.4%), from €13,135 to €8,224
of which Leasing and similar rights: -€4,375
- Cash +€3,107
up €3,107 (+87.3%), from €3,560 to €6,667
mainly Receivables within one year (+€12,526) and Depreciation (+€7,019)
- Debts after one year -€6,921
down €6,921 (-97.0%), from €7,136 to €215
- Trade debts -€5,398
down €5,398 (-18.0%), from €30,037 to €24,639
- Tax, wage and social debts -€2,493
down €2,493 (-26.4%), from €9,445 to €6,952
of which Taxes: -€4,245
- Reserves +€1,768
up €1,768 (+15.7%), from €11,231 to €12,999
- Other debts -€1,451
down €1,451 (-25.2%), from €5,766 to €4,315
- Gross operating margin -€10,290
down €10,290 (-43.5%), from €23,676 to €13,385
- Staff costs -€3,685
down €3,685 (-96.8%), from €3,808 to €123
- Depreciation -€2,859
down €2,859 (-28.9%), from €9,878 to €7,019
- Write-downs -€1,470
down €1,470 (-63.0%), from €2,335 to €865
- Other operating charges -€394
down €394 (-16.5%), from €2,397 to €2,002
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 | €121,918 | €106,509 | -€15,409 | -12.6% |
| Fixed assets | 21/28 | €13,385 | €8,474 | -€4,911 | -36.7% |
| Tangible fixed assets | 22/27 | €13,135 | €8,224 | -€4,911 | -37.4% |
| Land and buildings | 22 | €791 | €650 | -€141 | -17.8% |
| Plant, machinery and equipment | 23 | €7,386 | €6,693 | -€693 | -9.4% |
| Furniture and vehicles | 24 | €41 | €338 | +€297 | +727% |
| Leasing and similar rights | 25 | €4,917 | €542 | -€4,375 | -89.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €108,533 | €98,036 | -€10,498 | -9.7% |
| Stocks and contracts in progress | 3 | €12,225 | €11,868 | -€357 | -2.9% |
| Stocks | 30/36 | €12,225 | €11,868 | -€357 | -2.9% |
| Amounts receivable within one year | 40/41 | €87,334 | €74,808 | -€12,526 | -14.3% |
| Trade receivables | 40 | €86,492 | €74,165 | -€12,327 | -14.3% |
| Other amounts receivable | 41 | €842 | €643 | -€199 | -23.7% |
| Cash at bank and in hand | 54/58 | €3,560 | €6,667 | +€3,107 | +87.3% |
| Deferred charges and accrued income | 490/1 | €5,414 | €4,693 | -€721 | -13.3% |
| Total equity and liabilities | 10/49 | €121,918 | €106,509 | -€15,409 | -12.6% |
| Equity | 10/15 | €61,699 | €63,467 | +€1,768 | +2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,231 | €12,999 | +€1,768 | +15.7% |
| Distributable reserves | 133 | €11,231 | €12,999 | +€1,768 | +15.7% |
| Profit (loss) carried forward | 14 | €31,868 | €31,868 | = | 0.0% |
| Amounts payable | 17/49 | €60,219 | €43,042 | -€17,177 | -28.5% |
| Amounts payable after more than one year | 17 | €7,136 | €215 | -€6,921 | -97.0% |
| Financial debts | 170/4 | €7,136 | €215 | -€6,921 | -97.0% |
| Amounts payable within one year | 42/48 | €53,083 | €42,827 | -€10,255 | -19.3% |
| Current portion of amounts payable after more than one year | 42 | €6,579 | €6,921 | +€342 | +5.2% |
| Financial debts | 43 | €1,255 | €0 | -€1,255 | -100% |
| Credit institutions | 430/8 | €1,255 | €0 | -€1,255 | -100% |
| Trade debts | 44 | €30,037 | €24,639 | -€5,398 | -18.0% |
| Suppliers | 440/4 | €30,037 | €24,639 | -€5,398 | -18.0% |
| Taxes, remuneration and social security | 45 | €9,445 | €6,952 | -€2,493 | -26.4% |
| Taxes | 450/3 | €7,274 | €3,029 | -€4,245 | -58.4% |
| Remuneration and social security | 454/9 | €2,171 | €3,923 | +€1,752 | +80.7% |
| Other amounts payable | 47/48 | €5,766 | €4,315 | -€1,451 | -25.2% |
| Non-recurring operating income | 76A | €0 | €494 | +€494 | |
| Remuneration, social security and pensions | 62 | €3,808 | €123 | -€3,685 | -96.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,878 | €7,019 | -€2,859 | -28.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,335 | €865 | -€1,470 | -63.0% |
| Other operating charges | 640/8 | €2,397 | €2,002 | -€394 | -16.5% |
| Non-recurring operating charges | 66A | €0 | €442 | +€442 | |
| Gross operating margin | 9900 | €23,676 | €13,385 | -€10,290 | -43.5% |
| Operating profit (loss) | 9901 | €5,258 | €2,934 | -€2,324 | -44.2% |
| Financial income | 75/76B | €182 | €92 | -€89 | -49.2% |
| Recurring financial income | 75 | €182 | €92 | -€89 | -49.2% |
| Financial charges | 65/66B | €1,008 | €898 | -€111 | -11.0% |
| Recurring financial charges | 65 | €1,008 | €898 | -€111 | -11.0% |
| Profit (loss) for the period before taxes | 9903 | €4,431 | €2,128 | -€2,303 | -52.0% |
| Income taxes | 67/77 | €609 | €360 | -€249 | -40.8% |
| Profit (loss) for the period | 9904 | €3,822 | €1,768 | -€2,054 | -53.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,822 | €1,768 | -€2,054 | -53.7% |
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 21 October 2026 via checked.be.