PUBLICAN BE: 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.
PUBLICAN BE
Largest movements
- Receivables within one year +€60,194
up €60,194 (+1,155%), from €5,210 to €65,404
of which Trade receivables: +€62,330
- Deferred charges and accrued income -€5,292
down €5,292 (-100%), from €5,292 to €0
- Intangible fixed assets -€1,763
down €1,763 (-36.6%), from €4,816 to €3,053
- Cash +€1,566
up €1,566 (+18.0%), from €8,719 to €10,285
mainly Other debts (+€389,621) and Accrued charges and deferred income (+€91,383)
- Tangible fixed assets -€1,539
down €1,539 (-28.7%), from €5,364 to €3,825
- Other debts +€389,621
up €389,621 (+16,234,194%), from €2 to €389,623
- Profit (loss) carried forward -€313,883
down €313,883 (-99.5%), from -€315,591 to -€629,475
- Accrued charges and deferred income +€91,383
new in 2025: €91,383
- Debts after one year -€86,930
down €86,930 (-100%), from €86,930 to €0
- Current portion of long-term debt -€26,639
down €26,639 (-100%), from €26,639 to €0
- Gross operating margin -€119,879
down €119,879 (-98.4%), from -€121,875 to -€241,754
- Staff costs -€9,774
down €9,774 (-14.0%), from €69,676 to €59,902
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 | €32,387 | €84,478 | +€52,091 | +161% |
| Formation expenses | 20 | €1,787 | €1,191 | -€596 | -33.3% |
| Fixed assets | 21/28 | €11,380 | €7,598 | -€3,782 | -33.2% |
| Intangible fixed assets | 21 | €4,816 | €3,053 | -€1,763 | -36.6% |
| Tangible fixed assets | 22/27 | €5,364 | €3,825 | -€1,539 | -28.7% |
| Furniture and vehicles | 24 | €5,364 | €3,825 | -€1,539 | -28.7% |
| Financial fixed assets | 28 | €1,200 | €720 | -€480 | -40.0% |
| Current assets | 29/58 | €19,220 | €75,689 | +€56,469 | +294% |
| Amounts receivable within one year | 40/41 | €5,210 | €65,404 | +€60,194 | +1,155% |
| Trade receivables | 40 | - | €62,330 | +€62,330 | |
| Other amounts receivable | 41 | €5,210 | €3,074 | -€2,136 | -41.0% |
| Cash at bank and in hand | 54/58 | €8,719 | €10,285 | +€1,566 | +18.0% |
| Deferred charges and accrued income | 490/1 | €5,292 | €0 | -€5,292 | -100% |
| Total equity and liabilities | 10/49 | €32,387 | €84,478 | +€52,091 | +161% |
| Equity | 10/15 | -€95,591 | -€409,475 | -€313,883 | -328% |
| Contributions | 10/11 | €220,000 | €220,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€315,591 | -€629,475 | -€313,883 | -99.5% |
| Amounts payable | 17/49 | €127,978 | €493,952 | +€365,975 | +286% |
| Amounts payable after more than one year | 17 | €86,930 | €0 | -€86,930 | -100% |
| Financial debts | 170/4 | €86,930 | €0 | -€86,930 | -100% |
| Amounts payable within one year | 42/48 | €41,048 | €402,569 | +€361,521 | +881% |
| Current portion of amounts payable after more than one year | 42 | €26,639 | €0 | -€26,639 | -100% |
| Trade debts | 44 | €5,081 | €10,887 | +€5,806 | +114% |
| Suppliers | 440/4 | €5,081 | €10,887 | +€5,806 | +114% |
| Taxes, remuneration and social security | 45 | €9,325 | €2,059 | -€7,266 | -77.9% |
| Taxes | 450/3 | €72 | €1,355 | +€1,283 | +1,774% |
| Remuneration and social security | 454/9 | €9,253 | €704 | -€8,549 | -92.4% |
| Other amounts payable | 47/48 | €2 | €389,623 | +€389,621 | +16,234,194% |
| Accrued charges and deferred income | 492/3 | - | €91,383 | +€91,383 | |
| Remuneration, social security and pensions | 62 | €69,676 | €59,902 | -€9,774 | -14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,898 | €3,897 | -€1 | 0.0% |
| Other operating charges | 640/8 | €755 | €487 | -€268 | -35.5% |
| Gross operating margin | 9900 | -€121,875 | -€241,754 | -€119,879 | -98.4% |
| Operating profit (loss) | 9901 | -€196,204 | -€306,041 | -€109,837 | -56.0% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100% |
| Financial charges | 65/66B | €7,539 | €7,843 | +€304 | +4.0% |
| Recurring financial charges | 65 | €7,539 | €7,843 | +€304 | +4.0% |
| Profit (loss) for the period before taxes | 9903 | -€203,737 | -€313,883 | -€110,146 | -54.1% |
| Income taxes | 67/77 | €72 | €0 | -€72 | -100% |
| Profit (loss) for the period | 9904 | -€203,810 | -€313,883 | -€110,074 | -54.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€203,810 | -€313,883 | -€110,074 | -54.0% |
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 23 October 2026 via checked.be.