PUBLIMAR: 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.
PUBLIMAR
Largest movements
- Tangible fixed assets -€7,705
down €7,705 (-25.6%), from €30,127 to €22,421
- Receivables after one year +€2,780
up €2,780 (+2.9%), from €94,520 to €97,300
- Receivables within one year -€1,409
down €1,409 (-24.4%), from €5,774 to €4,366
of which Other amounts receivable: -€1,133
- Short-term financial debts -€7,895
down €7,895 (-95.5%), from €8,264 to €369
- Debts after one year -€6,629
down €6,629 (-32.2%), from €20,596 to €13,967
- Other debts +€4,742
up €4,742 (+31.0%), from €15,308 to €20,050
- Reserves +€1,424
up €1,424 (+3.2%), from €44,803 to €46,226
- Depreciation +€7,011
up €7,011 (+1009.1%), from €695 to €7,705
- Taxes -€2,510
down €2,510 (-50.2%), from €5,004 to €2,494
- Gross operating margin -€1,717
down €1,717 (-13.0%), from €13,243 to €11,526
- Financial charges +€509
up €509 (+40.4%), from €1,259 to €1,768
- Other operating charges -€366
down €366 (-28.6%), from €1,281 to €915
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 | €131,641 | €125,206 | -€6,435 | -4.9% |
| Fixed assets | 21/28 | €30,127 | €22,421 | -€7,705 | -25.6% |
| Tangible fixed assets | 22/27 | €30,127 | €22,421 | -€7,705 | -25.6% |
| Furniture and vehicles | 24 | €30,127 | €22,421 | -€7,705 | -25.6% |
| Current assets | 29/58 | €101,515 | €102,785 | +€1,270 | +1.3% |
| Amounts receivable after more than one year | 29 | €94,520 | €97,300 | +€2,780 | +2.9% |
| Other amounts receivable | 291 | €94,520 | €97,300 | +€2,780 | +2.9% |
| Amounts receivable within one year | 40/41 | €5,774 | €4,366 | -€1,409 | -24.4% |
| Trade receivables | 40 | €4,136 | €3,860 | -€276 | -6.7% |
| Other amounts receivable | 41 | €1,639 | €506 | -€1,133 | -69.1% |
| Cash at bank and in hand | 54/58 | €459 | €379 | -€81 | -17.6% |
| Deferred charges and accrued income | 490/1 | €761 | €741 | -€21 | -2.7% |
| Total equity and liabilities | 10/49 | €131,641 | €125,206 | -€6,435 | -4.9% |
| Equity | 10/15 | €77,770 | €79,193 | +€1,424 | +1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €44,803 | €46,226 | +€1,424 | +3.2% |
| Distributable reserves | 133 | €44,803 | €46,226 | +€1,424 | +3.2% |
| Profit (loss) carried forward | 14 | €14,367 | €14,367 | = | 0.0% |
| Amounts payable | 17/49 | €53,872 | €46,013 | -€7,859 | -14.6% |
| Amounts payable after more than one year | 17 | €20,596 | €13,967 | -€6,629 | -32.2% |
| Financial debts | 170/4 | €20,596 | €13,967 | -€6,629 | -32.2% |
| Amounts payable within one year | 42/48 | €33,125 | €31,900 | -€1,225 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €6,404 | €6,629 | +€226 | +3.5% |
| Financial debts | 43 | €8,264 | €369 | -€7,895 | -95.5% |
| Credit institutions | 430/8 | €8,264 | €369 | -€7,895 | -95.5% |
| Trade debts | 44 | €1,741 | €2,297 | +€556 | +32.0% |
| Suppliers | 440/4 | €1,741 | €2,297 | +€556 | +32.0% |
| Taxes, remuneration and social security | 45 | €1,409 | €2,555 | +€1,146 | +81.4% |
| Taxes | 450/3 | €1,409 | €2,555 | +€1,146 | +81.4% |
| Other amounts payable | 47/48 | €15,308 | €20,050 | +€4,742 | +31.0% |
| Accrued charges and deferred income | 492/3 | €150 | €146 | -€4 | -2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €695 | €7,705 | +€7,011 | +1009.1% |
| Other operating charges | 640/8 | €1,281 | €915 | -€366 | -28.6% |
| Gross operating margin | 9900 | €13,243 | €11,526 | -€1,717 | -13.0% |
| Operating profit (loss) | 9901 | €11,267 | €2,906 | -€8,361 | -74.2% |
| Financial income | 75/76B | €2,783 | €2,780 | -€3 | -0.1% |
| Recurring financial income | 75 | €2,783 | €2,780 | -€3 | -0.1% |
| Financial charges | 65/66B | €1,259 | €1,768 | +€509 | +40.4% |
| Recurring financial charges | 65 | €1,259 | €1,768 | +€509 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | €12,790 | €3,918 | -€8,873 | -69.4% |
| Income taxes | 67/77 | €5,004 | €2,494 | -€2,510 | -50.2% |
| Profit (loss) for the period | 9904 | €7,787 | €1,424 | -€6,363 | -81.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,787 | €1,424 | -€6,363 | -81.7% |
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 8 October 2026 via checked.be.