Publihofman: 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.
Publihofman
Largest movements
- Receivables within one year +€61,075
up €61,075 (+273%), from €22,379 to €83,454
- Stocks and contracts +€21,757
up €21,757 (+67.8%), from €32,099 to €53,856
- Cash -€14,262
down €14,262 (-13.9%), from €102,522 to €88,260
mainly Receivables within one year (-€61,075) and Other debts (-€24,807)
- Reserves +€88,559
up €88,559 (+134%), from €65,981 to €154,540
- Other debts -€24,807
down €24,807 (-44.3%), from €56,048 to €31,241
- Tax, wage and social debts +€6,790
up €6,790 (+22.1%), from €30,733 to €37,523
- Trade debts +€3,397
up €3,397 (+71.1%), from €4,781 to €8,177
- Advances received -€3,253
no longer reported in 2025 (was €3,253)
- Gross operating margin +€38,764
up €38,764 (+47.2%), from €82,186 to €120,950
- Taxes +€14,033
up €14,033 (+85.0%), from €16,516 to €30,548
- Financial income +€1,951
up €1,951 (+71.7%), from €2,720 to €4,671
- Financial charges +€1,746
up €1,746 (+449%), from €389 to €2,135
- Depreciation +€1,437
up €1,437 (+92.3%), from €1,557 to €2,994
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 | €164,796 | €235,482 | +€70,686 | +42.9% |
| Fixed assets | 21/28 | €7,796 | €9,406 | +€1,610 | +20.7% |
| Intangible fixed assets | 21 | €23 | - | -€23 | |
| Tangible fixed assets | 22/27 | €7,774 | €9,406 | +€1,633 | +21.0% |
| Plant, machinery and equipment | 23 | €7,774 | €9,406 | +€1,633 | +21.0% |
| Current assets | 29/58 | €157,000 | €226,076 | +€69,076 | +44.0% |
| Stocks and contracts in progress | 3 | €32,099 | €53,856 | +€21,757 | +67.8% |
| Stocks | 30/36 | €32,099 | €53,856 | +€21,757 | +67.8% |
| Amounts receivable within one year | 40/41 | €22,379 | €83,454 | +€61,075 | +273% |
| Trade receivables | 40 | €22,379 | €83,454 | +€61,075 | +273% |
| Cash at bank and in hand | 54/58 | €102,522 | €88,260 | -€14,262 | -13.9% |
| Deferred charges and accrued income | 490/1 | - | €506 | +€506 | |
| Total equity and liabilities | 10/49 | €164,796 | €235,482 | +€70,686 | +42.9% |
| Equity | 10/15 | €69,981 | €158,540 | +€88,559 | +127% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €65,981 | €154,540 | +€88,559 | +134% |
| Distributable reserves | 133 | €65,981 | €154,540 | +€88,559 | +134% |
| Amounts payable | 17/49 | €94,815 | €76,941 | -€17,873 | -18.9% |
| Amounts payable within one year | 42/48 | €94,815 | €76,941 | -€17,873 | -18.9% |
| Trade debts | 44 | €4,781 | €8,177 | +€3,397 | +71.1% |
| Suppliers | 440/4 | €4,781 | €8,177 | +€3,397 | +71.1% |
| Advances received on contracts in progress | 46 | €3,253 | - | -€3,253 | |
| Taxes, remuneration and social security | 45 | €30,733 | €37,523 | +€6,790 | +22.1% |
| Taxes | 450/3 | €30,733 | €37,523 | +€6,790 | +22.1% |
| Other amounts payable | 47/48 | €56,048 | €31,241 | -€24,807 | -44.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,557 | €2,994 | +€1,437 | +92.3% |
| Other operating charges | 640/8 | €462 | €63 | -€399 | -86.3% |
| Gross operating margin | 9900 | €82,186 | €120,950 | +€38,764 | +47.2% |
| Operating profit (loss) | 9901 | €80,166 | €117,892 | +€37,726 | +47.1% |
| Financial income | 75/76B | €2,720 | €4,671 | +€1,951 | +71.7% |
| Recurring financial income | 75 | €2,720 | €4,671 | +€1,951 | +71.7% |
| Financial charges | 65/66B | €389 | €2,135 | +€1,746 | +449% |
| Recurring financial charges | 65 | €389 | €2,135 | +€1,746 | +449% |
| Profit (loss) for the period before taxes | 9903 | €82,497 | €120,429 | +€37,932 | +46.0% |
| Income taxes | 67/77 | €16,516 | €30,548 | +€14,033 | +85.0% |
| Profit (loss) for the period | 9904 | €65,981 | €89,880 | +€23,899 | +36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €65,981 | €89,880 | +€23,899 | +36.2% |
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 18 October 2026 via checked.be.