PUBLIBRO: what changed
Two fiscal 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.
PUBLIBRO
Largest movements
- Receivables within one year +€23,249
up €23,249 (+24.2%), from €95,965 to €119,215
of which Other amounts receivable: +€13,902
- Trade debts +€26,946
up €26,946 (+29.7%), from €90,875 to €117,821
- Debts after one year -€23,947
down €23,947 (-5.6%), from €427,863 to €403,915
- Other debts -€16,317
no longer reported in 2025 (was €16,317)
- Tax, wage and social debts +€15,020
up €15,020 (+58.6%), from €25,616 to €40,636
of which Remuneration and social security: +€8,065
- Staff costs +€43,170
up €43,170 (+51.0%), from €84,651 to €127,821
- Depreciation +€37,271
up €37,271 (+62.4%), from €59,777 to €97,048
- Gross operating margin +€23,977
up €23,977 (+9.9%), from €243,364 to €267,341
- Financial charges +€11,468
up €11,468 (+134.3%), from €8,542 to €20,010
- Taxes -€10,783
down €10,783 (-68.2%), from €15,820 to €5,037
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 | €993,253 | €1,011,471 | +€18,218 | +1.8% |
| Fixed assets | 21/28 | €841,873 | €832,503 | -€9,369 | -1.1% |
| Tangible fixed assets | 22/27 | €841,873 | €832,503 | -€9,369 | -1.1% |
| Land and buildings | 22 | €297,543 | €282,988 | -€14,555 | -4.9% |
| Plant, machinery and equipment | 23 | €37,486 | €42,983 | +€5,497 | +14.7% |
| Furniture and vehicles | 24 | €35,630 | €29,961 | -€5,670 | -15.9% |
| Leasing and similar rights | 25 | €471,214 | €476,572 | +€5,358 | +1.1% |
| Current assets | 29/58 | €151,380 | €178,968 | +€27,587 | +18.2% |
| Stocks and contracts in progress | 3 | €9,240 | €13,250 | +€4,010 | +43.4% |
| Stocks | 30/36 | €9,240 | €13,250 | +€4,010 | +43.4% |
| Amounts receivable within one year | 40/41 | €95,965 | €119,215 | +€23,249 | +24.2% |
| Trade receivables | 40 | €88,823 | €98,170 | +€9,347 | +10.5% |
| Other amounts receivable | 41 | €7,142 | €21,045 | +€13,902 | +194.6% |
| Cash at bank and in hand | 54/58 | €41,256 | €39,298 | -€1,959 | -4.7% |
| Deferred charges and accrued income | 490/1 | €4,919 | €7,205 | +€2,287 | +46.5% |
| Total equity and liabilities | 10/49 | €993,253 | €1,011,471 | +€18,218 | +1.8% |
| Equity | 10/15 | €310,500 | €319,429 | +€8,929 | +2.9% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €291,908 | €300,837 | +€8,929 | +3.1% |
| Distributable reserves | 133 | €291,908 | €300,837 | +€8,929 | +3.1% |
| Amounts payable | 17/49 | €682,753 | €692,042 | +€9,289 | +1.4% |
| Amounts payable after more than one year | 17 | €427,863 | €403,915 | -€23,947 | -5.6% |
| Financial debts | 170/4 | €427,863 | €403,915 | -€23,947 | -5.6% |
| Amounts payable within one year | 42/48 | €251,032 | €284,324 | +€33,292 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €105,809 | €108,919 | +€3,111 | +2.9% |
| Financial debts | 43 | €12,416 | €16,947 | +€4,531 | +36.5% |
| Credit institutions | 430/8 | €12,416 | €16,947 | +€4,531 | +36.5% |
| Trade debts | 44 | €90,875 | €117,821 | +€26,946 | +29.7% |
| Suppliers | 440/4 | €90,875 | €117,821 | +€26,946 | +29.7% |
| Taxes, remuneration and social security | 45 | €25,616 | €40,636 | +€15,020 | +58.6% |
| Taxes | 450/3 | €8,525 | €15,481 | +€6,955 | +81.6% |
| Remuneration and social security | 454/9 | €17,091 | €25,155 | +€8,065 | +47.2% |
| Other amounts payable | 47/48 | €16,317 | - | -€16,317 | |
| Accrued charges and deferred income | 492/3 | €3,858 | €3,803 | -€55 | -1.4% |
| Remuneration, social security and pensions | 62 | €84,651 | €127,821 | +€43,170 | +51.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,777 | €97,048 | +€37,271 | +62.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €836 | - | -€836 | |
| Other operating charges | 640/8 | €9,228 | €8,496 | -€732 | -7.9% |
| Gross operating margin | 9900 | €243,364 | €267,341 | +€23,977 | +9.9% |
| Operating profit (loss) | 9901 | €88,871 | €33,976 | -€54,895 | -61.8% |
| Financial charges | 65/66B | €8,542 | €20,010 | +€11,468 | +134.3% |
| Recurring financial charges | 65 | €8,542 | €20,010 | +€11,468 | +134.3% |
| Profit (loss) for the period before taxes | 9903 | €80,329 | €13,966 | -€66,363 | -82.6% |
| Income taxes | 67/77 | €15,820 | €5,037 | -€10,783 | -68.2% |
| Profit (loss) for the period | 9904 | €64,509 | €8,929 | -€55,580 | -86.2% |
| Profit (loss) for the period to be appropriated | 9905 | €64,509 | €8,929 | -€55,580 | -86.2% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.