Publi Ropart: 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 Ropart
Largest movements
- Receivables within one year -€33,066
down €33,066 (-26.3%), from €125,631 to €92,565
of which Trade receivables: -€38,909
- Cash +€29,774
up €29,774 (+145%), from €20,470 to €50,245
mainly Receivables within one year (+€33,066) and Depreciation (+€17,583)
- Tangible fixed assets -€15,451
down €15,451 (-65.0%), from €23,758 to €8,307
of which Plant, machinery and equipment: -€9,541
- Stocks and contracts -€7,151
down €7,151 (-26.9%), from €26,624 to €19,473
of which Contracts in progress: -€4,500
- Intangible fixed assets -€2,132
down €2,132 (-100%), from €2,132 to €0
- Trade debts -€35,115
down €35,115 (-98.0%), from €35,841 to €726
- Other debts -€14,153
down €14,153 (-53.6%), from €26,384 to €12,232
- Reserves +€12,486
up €12,486 (+11.4%), from €109,104 to €121,590
of which Distributable reserves: +€10,627
- Tax, wage and social debts +€8,486
up €8,486 (+94.7%), from €8,963 to €17,449
of which Remuneration and social security: +€6,256
- Gross operating margin +€16,309
up €16,309 (+29.0%), from €56,315 to €72,624
- Depreciation +€6,907
up €6,907 (+64.7%), from €10,677 to €17,583
- Taxes +€3,823
up €3,823 (+168%), from €2,269 to €6,091
- Staff costs -€2,114
down €2,114 (-6.1%), from €34,453 to €32,339
- Other operating charges +€1,775
up €1,775 (+96.6%), from €1,838 to €3,612
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 | €198,884 | €170,589 | -€28,295 | -14.2% |
| Fixed assets | 21/28 | €25,890 | €8,307 | -€17,583 | -67.9% |
| Intangible fixed assets | 21 | €2,132 | €0 | -€2,132 | -100% |
| Tangible fixed assets | 22/27 | €23,758 | €8,307 | -€15,451 | -65.0% |
| Plant, machinery and equipment | 23 | €16,779 | €7,238 | -€9,541 | -56.9% |
| Furniture and vehicles | 24 | €4,842 | €0 | -€4,842 | -100% |
| Other tangible fixed assets | 26 | €2,137 | €1,068 | -€1,069 | -50.0% |
| Current assets | 29/58 | €172,994 | €162,282 | -€10,712 | -6.2% |
| Stocks and contracts in progress | 3 | €26,624 | €19,473 | -€7,151 | -26.9% |
| Stocks | 30/36 | €22,124 | €19,473 | -€2,651 | -12.0% |
| Contracts in progress | 37 | €4,500 | €0 | -€4,500 | -100% |
| Amounts receivable within one year | 40/41 | €125,631 | €92,565 | -€33,066 | -26.3% |
| Trade receivables | 40 | €124,726 | €85,817 | -€38,909 | -31.2% |
| Other amounts receivable | 41 | €905 | €6,748 | +€5,843 | +646% |
| Cash at bank and in hand | 54/58 | €20,470 | €50,245 | +€29,774 | +145% |
| Deferred charges and accrued income | 490/1 | €269 | €0 | -€269 | -100% |
| Total equity and liabilities | 10/49 | €198,884 | €170,589 | -€28,295 | -14.2% |
| Equity | 10/15 | €127,696 | €140,182 | +€12,486 | +9.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €109,104 | €121,590 | +€12,486 | +11.4% |
| Non-distributable reserves | 130/1 | - | €1,859 | +€1,859 | |
| Reserves not available under the articles | 1311 | - | €1,859 | +€1,859 | |
| Distributable reserves | 133 | €109,104 | €119,731 | +€10,627 | +9.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €71,189 | €30,407 | -€40,782 | -57.3% |
| Amounts payable within one year | 42/48 | €71,189 | €30,407 | -€40,782 | -57.3% |
| Trade debts | 44 | €35,841 | €726 | -€35,115 | -98.0% |
| Suppliers | 440/4 | €35,841 | €726 | -€35,115 | -98.0% |
| Taxes, remuneration and social security | 45 | €8,963 | €17,449 | +€8,486 | +94.7% |
| Taxes | 450/3 | €8,963 | €11,193 | +€2,230 | +24.9% |
| Remuneration and social security | 454/9 | - | €6,256 | +€6,256 | |
| Other amounts payable | 47/48 | €26,384 | €12,232 | -€14,153 | -53.6% |
| Non-recurring operating income | 76A | €1,000 | €0 | -€1,000 | -100% |
| Remuneration, social security and pensions | 62 | €34,453 | €32,339 | -€2,114 | -6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,677 | €17,583 | +€6,907 | +64.7% |
| Other operating charges | 640/8 | €1,838 | €3,612 | +€1,775 | +96.6% |
| Gross operating margin | 9900 | €56,315 | €72,624 | +€16,309 | +29.0% |
| Operating profit (loss) | 9901 | €9,348 | €19,089 | +€9,741 | +104% |
| Financial income | 75/76B | €10 | €57 | +€47 | +499% |
| Recurring financial income | 75 | €10 | €57 | +€47 | +499% |
| Financial charges | 65/66B | €352 | €569 | +€216 | +61.4% |
| Recurring financial charges | 65 | €352 | €569 | +€216 | +61.4% |
| Profit (loss) for the period before taxes | 9903 | €9,006 | €18,578 | +€9,572 | +106% |
| Income taxes | 67/77 | €2,269 | €6,091 | +€3,823 | +168% |
| Profit (loss) for the period | 9904 | €6,737 | €12,486 | +€5,749 | +85.3% |
| Profit (loss) for the period to be appropriated | 9905 | €6,737 | €12,486 | +€5,749 | +85.3% |
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 30 October 2026 via checked.be.