PUBLIFRAN: 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.
PUBLIFRAN
Largest movements
- Cash +€9,644
up €9,644 (+33.9%), from €28,454 to €38,098
mainly Net result for the year (+€12,269) and Depreciation (+€4,996)
- Tangible fixed assets +€2,691
up €2,691 (+16.6%), from €16,178 to €18,870
of which Land and buildings: +€5,134
- Reserves +€12,269
up €12,269 (+6.6%), from €186,205 to €198,474
- Gross operating margin -€11,564
down €11,564 (-11.8%), from €97,639 to €86,074
- Staff costs +€3,411
up €3,411 (+5.6%), from €60,408 to €63,820
- Depreciation +€3,095
up €3,095 (+162.8%), from €1,901 to €4,996
- Taxes -€2,293
down €2,293 (-29.7%), from €7,734 to €5,441
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 | €206,070 | €217,506 | +€11,436 | +5.5% |
| Fixed assets | 21/28 | €16,178 | €18,870 | +€2,691 | +16.6% |
| Tangible fixed assets | 22/27 | €16,178 | €18,870 | +€2,691 | +16.6% |
| Land and buildings | 22 | - | €5,134 | +€5,134 | |
| Plant, machinery and equipment | 23 | €6,810 | €5,960 | -€850 | -12.5% |
| Furniture and vehicles | 24 | €9,368 | €7,775 | -€1,593 | -17.0% |
| Current assets | 29/58 | €189,891 | €198,636 | +€8,745 | +4.6% |
| Amounts receivable within one year | 40/41 | €61,437 | €60,538 | -€899 | -1.5% |
| Trade receivables | 40 | €25,470 | €6,548 | -€18,922 | -74.3% |
| Other amounts receivable | 41 | €35,967 | €53,989 | +€18,023 | +50.1% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,454 | €38,098 | +€9,644 | +33.9% |
| Total equity and liabilities | 10/49 | €206,070 | €217,506 | +€11,436 | +5.5% |
| Equity | 10/15 | €191,205 | €203,474 | +€12,269 | +6.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €186,205 | €198,474 | +€12,269 | +6.6% |
| Distributable reserves | 133 | €186,205 | €198,474 | +€12,269 | +6.6% |
| Amounts payable | 17/49 | €14,864 | €14,032 | -€832 | -5.6% |
| Amounts payable within one year | 42/48 | €14,864 | €14,032 | -€832 | -5.6% |
| Trade debts | 44 | €7,680 | €5,901 | -€1,779 | -23.2% |
| Suppliers | 440/4 | €7,680 | €5,901 | -€1,779 | -23.2% |
| Taxes, remuneration and social security | 45 | €7,184 | €8,131 | +€947 | +13.2% |
| Remuneration and social security | 454/9 | €7,184 | €8,131 | +€947 | +13.2% |
| Remuneration, social security and pensions | 62 | €60,408 | €63,820 | +€3,411 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,901 | €4,996 | +€3,095 | +162.8% |
| Other operating charges | 640/8 | €547 | €1,460 | +€914 | +167.2% |
| Gross operating margin | 9900 | €97,639 | €86,074 | -€11,564 | -11.8% |
| Operating profit (loss) | 9901 | €34,783 | €15,798 | -€18,985 | -54.6% |
| Financial income | 75/76B | €2,901 | €2,726 | -€175 | -6.0% |
| Recurring financial income | 75 | €2,901 | €2,726 | -€175 | -6.0% |
| Financial charges | 65/66B | €847 | €815 | -€32 | -3.8% |
| Recurring financial charges | 65 | €847 | €815 | -€32 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €36,837 | €17,709 | -€19,128 | -51.9% |
| Income taxes | 67/77 | €7,734 | €5,441 | -€2,293 | -29.7% |
| Profit (loss) for the period | 9904 | €29,103 | €12,269 | -€16,834 | -57.8% |
| Profit (loss) for the period to be appropriated | 9905 | €29,103 | €12,269 | -€16,834 | -57.8% |
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 6 October 2026 via checked.be.