PUBLI TRÉSIGNIES: 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 TRÉSIGNIES
Largest movements
- Receivables within one year -€29,805
down €29,805 (-18.7%), from €159,269 to €129,464
of which Trade receivables: -€22,742
- Stocks and contracts +€27,605
up €27,605 (+105%), from €26,385 to €53,990
of which Contracts in progress: +€25,420
- Cash -€11,379
down €11,379 (-32.3%), from €35,216 to €23,836
mainly Stocks and contracts (-€27,605) and Trade debts (-€17,015)
- Tangible fixed assets -€7,035
down €7,035 (-32.3%), from €21,747 to €14,712
of which Furniture and vehicles: -€4,823
- Trade debts -€17,015
down €17,015 (-16.1%), from €105,650 to €88,636
- Tax, wage and social debts -€6,300
down €6,300 (-51.0%), from €12,361 to €6,061
of which Remuneration and social security: -€6,139
- Profit (loss) carried forward +€4,623
up €4,623 (+22.8%), from -€20,314 to -€15,691
- Short-term financial debts -€2,583
down €2,583 (-43.3%), from €5,968 to €3,385
- Staff costs +€41,382
up €41,382 (+26.9%), from €153,702 to €195,083
- Other operating charges -€18,673
down €18,673 (-81.0%), from €23,043 to €4,371
- Gross operating margin +€16,110
up €16,110 (+8.0%), from €202,207 to €218,317
- Financial income -€6,709
down €6,709 (-84.0%), from €7,989 to €1,280
- Depreciation -€4,131
down €4,131 (-31.2%), from €13,231 to €9,101
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 | €247,846 | €226,996 | -€20,850 | -8.4% |
| Fixed assets | 21/28 | €22,302 | €15,268 | -€7,035 | -31.5% |
| Tangible fixed assets | 22/27 | €21,747 | €14,712 | -€7,035 | -32.3% |
| Plant, machinery and equipment | 23 | €10,003 | €8,368 | -€1,635 | -16.3% |
| Furniture and vehicles | 24 | €7,957 | €3,134 | -€4,823 | -60.6% |
| Other tangible fixed assets | 26 | €3,787 | €3,211 | -€576 | -15.2% |
| Financial fixed assets | 28 | €555 | €555 | = | 0.0% |
| Current assets | 29/58 | €225,543 | €211,728 | -€13,815 | -6.1% |
| Stocks and contracts in progress | 3 | €26,385 | €53,990 | +€27,605 | +105% |
| Stocks | 30/36 | €21,350 | €23,535 | +€2,185 | +10.2% |
| Contracts in progress | 37 | €5,035 | €30,455 | +€25,420 | +505% |
| Amounts receivable within one year | 40/41 | €159,269 | €129,464 | -€29,805 | -18.7% |
| Trade receivables | 40 | €117,571 | €94,828 | -€22,742 | -19.3% |
| Other amounts receivable | 41 | €41,698 | €34,636 | -€7,062 | -16.9% |
| Cash at bank and in hand | 54/58 | €35,216 | €23,836 | -€11,379 | -32.3% |
| Deferred charges and accrued income | 490/1 | €4,673 | €4,437 | -€236 | -5.1% |
| Total equity and liabilities | 10/49 | €247,846 | €226,996 | -€20,850 | -8.4% |
| Equity | 10/15 | €123,805 | €128,428 | +€4,623 | +3.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €125,519 | €125,519 | = | 0.0% |
| Distributable reserves | 133 | €125,519 | €125,519 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,314 | -€15,691 | +€4,623 | +22.8% |
| Amounts payable | 17/49 | €124,041 | €98,568 | -€25,473 | -20.5% |
| Amounts payable within one year | 42/48 | €123,979 | €98,082 | -€25,897 | -20.9% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €5,968 | €3,385 | -€2,583 | -43.3% |
| Credit institutions | 430/8 | €5,968 | €3,385 | -€2,583 | -43.3% |
| Trade debts | 44 | €105,650 | €88,636 | -€17,015 | -16.1% |
| Suppliers | 440/4 | €105,650 | €88,636 | -€17,015 | -16.1% |
| Taxes, remuneration and social security | 45 | €12,361 | €6,061 | -€6,300 | -51.0% |
| Taxes | 450/3 | €6,222 | €6,061 | -€160 | -2.6% |
| Remuneration and social security | 454/9 | €6,139 | €0 | -€6,139 | -100% |
| Accrued charges and deferred income | 492/3 | €62 | €486 | +€424 | +683% |
| Remuneration, social security and pensions | 62 | €153,702 | €195,083 | +€41,382 | +26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,231 | €9,101 | -€4,131 | -31.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,500 | €0 | -€2,500 | -100% |
| Other operating charges | 640/8 | €23,043 | €4,371 | -€18,673 | -81.0% |
| Gross operating margin | 9900 | €202,207 | €218,317 | +€16,110 | +8.0% |
| Operating profit (loss) | 9901 | €9,730 | €9,762 | +€31 | +0.3% |
| Financial income | 75/76B | €7,989 | €1,280 | -€6,709 | -84.0% |
| Recurring financial income | 75 | €7,989 | €1,280 | -€6,709 | -84.0% |
| Financial charges | 65/66B | €620 | €2,924 | +€2,305 | +372% |
| Recurring financial charges | 65 | €620 | €2,924 | +€2,305 | +372% |
| Profit (loss) for the period before taxes | 9903 | €17,099 | €8,117 | -€8,982 | -52.5% |
| Income taxes | 67/77 | €3,371 | €3,494 | +€123 | +3.6% |
| Profit (loss) for the period | 9904 | €13,728 | €4,623 | -€9,105 | -66.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,728 | €4,623 | -€9,105 | -66.3% |
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 14 October 2026 via checked.be.