PUBLILEMON: 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.
PUBLILEMON
Largest movements
- Cash +€19,919
up €19,919 (+44.8%), from €44,452 to €64,370
mainly Net result for the year (+€29,137) and Depreciation (+€23,369)
- Tangible fixed assets -€16,521
down €16,521 (-39.6%), from €41,727 to €25,206
of which Furniture and vehicles: -€10,721
- Intangible fixed assets -€3,750
down €3,750 (-44.4%), from €8,438 to €4,688
- Receivables within one year +€2,908
up €2,908 (+5.0%), from €58,147 to €61,055
of which Other amounts receivable: +€3,764
- Reserves +€26,304
up €26,304 (+38.7%), from €67,928 to €94,232
- Current portion of long-term debt -€13,808
down €13,808 (-95.7%), from €14,432 to €625
- Trade debts -€5,741
down €5,741 (-22.1%), from €26,025 to €20,284
- Tax, wage and social debts -€3,315
down €3,315 (-8.8%), from €37,616 to €34,301
of which Remuneration and social security: -€2,840
- Advances received -€2,432
down €2,432 (-82.6%), from €2,945 to €514
- Gross operating margin +€18,302
up €18,302 (+18.5%), from €98,809 to €117,111
- Staff costs +€6,717
up €6,717 (+14.0%), from €48,075 to €54,793
- Other operating charges -€5,427
down €5,427 (-68.4%), from €7,932 to €2,505
- Taxes +€4,513
up €4,513 (+63.0%), from €7,159 to €11,672
- Financial income +€2,230
up €2,230 (+89.0%), from €2,506 to €4,735
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 | €154,182 | €155,320 | +€1,138 | +0.7% |
| Fixed assets | 21/28 | €50,165 | €29,894 | -€20,271 | -40.4% |
| Intangible fixed assets | 21 | €8,438 | €4,688 | -€3,750 | -44.4% |
| Tangible fixed assets | 22/27 | €41,727 | €25,206 | -€16,521 | -39.6% |
| Plant, machinery and equipment | 23 | €3,952 | €4,075 | +€123 | +3.1% |
| Furniture and vehicles | 24 | €19,358 | €8,637 | -€10,721 | -55.4% |
| Other tangible fixed assets | 26 | €18,418 | €12,494 | -€5,923 | -32.2% |
| Current assets | 29/58 | €104,017 | €125,426 | +€21,409 | +20.6% |
| Amounts receivable within one year | 40/41 | €58,147 | €61,055 | +€2,908 | +5.0% |
| Trade receivables | 40 | €58,147 | €57,291 | -€856 | -1.5% |
| Other amounts receivable | 41 | - | €3,764 | +€3,764 | |
| Cash at bank and in hand | 54/58 | €44,452 | €64,370 | +€19,919 | +44.8% |
| Deferred charges and accrued income | 490/1 | €1,418 | - | -€1,418 | |
| Total equity and liabilities | 10/49 | €154,182 | €155,320 | +€1,138 | +0.7% |
| Equity | 10/15 | €67,928 | €94,232 | +€26,304 | +38.7% |
| Reserves | 13 | €67,928 | €94,232 | +€26,304 | +38.7% |
| Distributable reserves | 133 | €67,928 | €94,232 | +€26,304 | +38.7% |
| Amounts payable | 17/49 | €86,254 | €61,088 | -€25,166 | -29.2% |
| Amounts payable after more than one year | 17 | €625 | - | -€625 | |
| Financial debts | 170/4 | €625 | - | -€625 | |
| Amounts payable within one year | 42/48 | €85,529 | €61,088 | -€24,441 | -28.6% |
| Current portion of amounts payable after more than one year | 42 | €14,432 | €625 | -€13,808 | -95.7% |
| Trade debts | 44 | €26,025 | €20,284 | -€5,741 | -22.1% |
| Suppliers | 440/4 | €26,025 | €20,284 | -€5,741 | -22.1% |
| Advances received on contracts in progress | 46 | €2,945 | €514 | -€2,432 | -82.6% |
| Taxes, remuneration and social security | 45 | €37,616 | €34,301 | -€3,315 | -8.8% |
| Taxes | 450/3 | €21,882 | €21,408 | -€475 | -2.2% |
| Remuneration and social security | 454/9 | €15,733 | €12,894 | -€2,840 | -18.0% |
| Other amounts payable | 47/48 | €4,511 | €5,364 | +€853 | +18.9% |
| Accrued charges and deferred income | 492/3 | €100 | - | -€100 | |
| Remuneration, social security and pensions | 62 | €48,075 | €54,793 | +€6,717 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,526 | €23,369 | -€157 | -0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,944 | -€550 | +€1,394 | +71.7% |
| Other operating charges | 640/8 | €7,932 | €2,505 | -€5,427 | -68.4% |
| Non-recurring operating charges | 66A | - | €90 | +€90 | |
| Gross operating margin | 9900 | €98,809 | €117,111 | +€18,302 | +18.5% |
| Operating profit (loss) | 9901 | €21,220 | €36,905 | +€15,685 | +73.9% |
| Financial income | 75/76B | €2,506 | €4,735 | +€2,230 | +89.0% |
| Recurring financial income | 75 | €2,506 | €4,735 | +€2,230 | +89.0% |
| Financial charges | 65/66B | €1,647 | €830 | -€816 | -49.6% |
| Recurring financial charges | 65 | €1,647 | €830 | -€816 | -49.6% |
| Profit (loss) for the period before taxes | 9903 | €22,078 | €40,810 | +€18,731 | +84.8% |
| Income taxes | 67/77 | €7,159 | €11,672 | +€4,513 | +63.0% |
| Profit (loss) for the period | 9904 | €14,919 | €29,137 | +€14,218 | +95.3% |
| Profit (loss) for the period to be appropriated | 9905 | €14,919 | €29,137 | +€14,218 | +95.3% |
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.