PUBLIBURO: 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.
PUBLIBURO
Largest movements
- Tangible fixed assets +€24,113
up €24,113 (+56.3%), from €42,795 to €66,908
of which Land and buildings: +€31,221
- Cash +€16,453
up €16,453 (+53.7%), from €30,615 to €47,068
mainly Net result for the year (+€30,703) and Tax, wage and social debts (+€27,367)
- Receivables within one year +€14,463
up €14,463 (+16.4%), from €88,056 to €102,519
of which Trade receivables: +€14,714
- Stocks and contracts -€3,733
down €3,733 (-13.4%), from €27,757 to €24,024
- Debts after one year -€33,857
down €33,857 (-40.0%), from €84,566 to €50,709
of which Other amounts payable: -€26,105
- Tax, wage and social debts +€27,367
up €27,367 (+61.3%), from €44,621 to €71,988
of which Remuneration and social security: +€14,469
- Trade debts +€27,150
up €27,150 (+58.3%), from €46,535 to €73,685
- Reserves +€17,847
up €17,847 (+892.3%), from €2,000 to €19,847
- Profit (loss) carried forward +€12,856
up €12,856, from -€12,856 to €0
- Gross operating margin +€42,165
up €42,165 (+17.3%), from €244,357 to €286,522
- Staff costs +€32,850
up €32,850 (+17.2%), from €191,152 to €224,001
- Taxes +€8,559
up €8,559 (+412.3%), from €2,076 to €10,634
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 | €194,580 | €247,559 | +€52,979 | +27.2% |
| Fixed assets | 21/28 | €44,045 | €68,158 | +€24,113 | +54.7% |
| Tangible fixed assets | 22/27 | €42,795 | €66,908 | +€24,113 | +56.3% |
| Land and buildings | 22 | €4,619 | €35,840 | +€31,221 | +675.9% |
| Plant, machinery and equipment | 23 | €3,126 | €1,925 | -€1,201 | -38.4% |
| Furniture and vehicles | 24 | €35,050 | €29,143 | -€5,907 | -16.9% |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €150,535 | €179,401 | +€28,866 | +19.2% |
| Stocks and contracts in progress | 3 | €27,757 | €24,024 | -€3,733 | -13.4% |
| Stocks | 30/36 | €27,757 | €24,024 | -€3,733 | -13.4% |
| Amounts receivable within one year | 40/41 | €88,056 | €102,519 | +€14,463 | +16.4% |
| Trade receivables | 40 | €87,746 | €102,460 | +€14,714 | +16.8% |
| Other amounts receivable | 41 | €310 | €59 | -€252 | -81.1% |
| Cash at bank and in hand | 54/58 | €30,615 | €47,068 | +€16,453 | +53.7% |
| Deferred charges and accrued income | 490/1 | €4,108 | €5,791 | +€1,683 | +41.0% |
| Total equity and liabilities | 10/49 | €194,580 | €247,559 | +€52,979 | +27.2% |
| Equity | 10/15 | €9,144 | €39,847 | +€30,703 | +335.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €19,847 | +€17,847 | +892.3% |
| Distributable reserves | 133 | €2,000 | €19,847 | +€17,847 | +892.3% |
| Profit (loss) carried forward | 14 | -€12,856 | €0 | +€12,856 | |
| Amounts payable | 17/49 | €185,436 | €207,712 | +€22,276 | +12.0% |
| Amounts payable after more than one year | 17 | €84,566 | €50,709 | -€33,857 | -40.0% |
| Financial debts | 170/4 | €16,664 | €8,912 | -€7,752 | -46.5% |
| Other amounts payable | 178/9 | €67,902 | €41,797 | -€26,105 | -38.4% |
| Amounts payable within one year | 42/48 | €100,871 | €157,003 | +€56,133 | +55.6% |
| Current portion of amounts payable after more than one year | 42 | €7,477 | €7,752 | +€275 | +3.7% |
| Trade debts | 44 | €46,535 | €73,685 | +€27,150 | +58.3% |
| Suppliers | 440/4 | €46,535 | €73,685 | +€27,150 | +58.3% |
| Taxes, remuneration and social security | 45 | €44,621 | €71,988 | +€27,367 | +61.3% |
| Taxes | 450/3 | €33,500 | €46,399 | +€12,898 | +38.5% |
| Remuneration and social security | 454/9 | €11,121 | €25,589 | +€14,469 | +130.1% |
| Other amounts payable | 47/48 | €2,238 | €3,578 | +€1,340 | +59.9% |
| Remuneration, social security and pensions | 62 | €191,152 | €224,001 | +€32,850 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,425 | €17,881 | +€456 | +2.6% |
| Other operating charges | 640/8 | €1,825 | €2,094 | +€269 | +14.8% |
| Gross operating margin | 9900 | €244,357 | €286,522 | +€42,165 | +17.3% |
| Operating profit (loss) | 9901 | €33,956 | €42,546 | +€8,590 | +25.3% |
| Financial income | 75/76B | €27 | €35 | +€7 | +27.0% |
| Recurring financial income | 75 | €27 | €35 | +€7 | +27.0% |
| Financial charges | 65/66B | €1,784 | €1,243 | -€541 | -30.3% |
| Recurring financial charges | 65 | €1,784 | €1,243 | -€541 | -30.3% |
| Profit (loss) for the period before taxes | 9903 | €32,199 | €41,337 | +€9,138 | +28.4% |
| Income taxes | 67/77 | €2,076 | €10,634 | +€8,559 | +412.3% |
| Profit (loss) for the period | 9904 | €30,123 | €30,703 | +€580 | +1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,123 | €30,703 | +€580 | +1.9% |
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 1 October 2026 via checked.be.