PUBLIMO: 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.
PUBLIMO
Largest movements
- Receivables within one year +€50,647
up €50,647 (+79.7%), from €63,509 to €114,156
of which Trade receivables: +€49,964
- Tangible fixed assets -€11,405
down €11,405 (-28.1%), from €40,596 to €29,192
of which Land and buildings: -€8,928
- Accrued charges and deferred income +€26,322
up €26,322 (+6,894%), from €382 to €26,704
- Reserves +€23,003
up €23,003 (+5.0%), from €463,621 to €486,624
- Gross operating margin -€14,494
down €14,494 (-8.4%), from €173,190 to €158,696
- Taxes -€10,614
down €10,614 (-20.9%), from €50,705 to €40,091
- Other operating charges +€3,948
up €3,948 (+1,595%), from €248 to €4,195
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 | €522,032 | €564,635 | +€42,603 | +8.2% |
| Fixed assets | 21/28 | €130,596 | €119,192 | -€11,405 | -8.7% |
| Tangible fixed assets | 22/27 | €40,596 | €29,192 | -€11,405 | -28.1% |
| Land and buildings | 22 | €37,051 | €28,122 | -€8,928 | -24.1% |
| Plant, machinery and equipment | 23 | €3,257 | €1,069 | -€2,188 | -67.2% |
| Furniture and vehicles | 24 | €288 | - | -€288 | |
| Financial fixed assets | 28 | €90,000 | €90,000 | = | 0.0% |
| Current assets | 29/58 | €391,436 | €445,444 | +€54,008 | +13.8% |
| Stocks and contracts in progress | 3 | €2,279 | €2,174 | -€105 | -4.6% |
| Stocks | 30/36 | €2,279 | €2,174 | -€105 | -4.6% |
| Amounts receivable within one year | 40/41 | €63,509 | €114,156 | +€50,647 | +79.7% |
| Trade receivables | 40 | €53,947 | €103,911 | +€49,964 | +92.6% |
| Other amounts receivable | 41 | €9,562 | €10,245 | +€683 | +7.1% |
| Current investments | 50/53 | €27 | €27 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €322,557 | €324,821 | +€2,265 | +0.7% |
| Deferred charges and accrued income | 490/1 | €3,064 | €4,265 | +€1,201 | +39.2% |
| Total equity and liabilities | 10/49 | €522,032 | €564,635 | +€42,603 | +8.2% |
| Equity | 10/15 | €469,821 | €492,824 | +€23,003 | +4.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €463,621 | €486,624 | +€23,003 | +5.0% |
| Distributable reserves | 133 | €463,621 | €486,624 | +€23,003 | +5.0% |
| Amounts payable | 17/49 | €52,211 | €71,812 | +€19,600 | +37.5% |
| Amounts payable within one year | 42/48 | €51,829 | €45,108 | -€6,721 | -13.0% |
| Trade debts | 44 | €10,391 | €8,437 | -€1,954 | -18.8% |
| Suppliers | 440/4 | €10,391 | €8,437 | -€1,954 | -18.8% |
| Advances received on contracts in progress | 46 | €1,514 | - | -€1,514 | |
| Taxes, remuneration and social security | 45 | €39,924 | €36,672 | -€3,252 | -8.1% |
| Taxes | 450/3 | €38,774 | €35,522 | -€3,252 | -8.4% |
| Remuneration and social security | 454/9 | €1,150 | €1,150 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €382 | €26,704 | +€26,322 | +6,894% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,730 | €13,349 | -€1,382 | -9.4% |
| Other operating charges | 640/8 | €248 | €4,195 | +€3,948 | +1,595% |
| Gross operating margin | 9900 | €173,190 | €158,696 | -€14,494 | -8.4% |
| Operating profit (loss) | 9901 | €158,212 | €141,152 | -€17,061 | -10.8% |
| Financial charges | 65/66B | €1,115 | €961 | -€154 | -13.8% |
| Recurring financial charges | 65 | €1,115 | €961 | -€154 | -13.8% |
| Profit (loss) for the period before taxes | 9903 | €157,098 | €140,191 | -€16,907 | -10.8% |
| Income taxes | 67/77 | €50,705 | €40,091 | -€10,614 | -20.9% |
| Profit (loss) for the period | 9904 | €106,393 | €100,100 | -€6,293 | -5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €106,393 | €100,100 | -€6,293 | -5.9% |
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 13 October 2026 via checked.be.