PUBLIPART: 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.
What changed
PUBLIPART
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4.5m
2024 · €5.1m-€613,942
Equity
€101.0m
2024 · €101.0m
Cash
€63,110
2024 · €66,254-€3,144
Balance sheet total
€105.7m
2024 · €106.3m-€608,447
Largest movements
Assets
- Receivables within one year +€9.1m
up €9.1m (+604%), from €1.5m to €10.6m
- Receivables after one year -€7.5m
no longer reported in 2025 (was €7.5m)
- Financial fixed assets -€4.4m
down €4.4m (-5.0%), from €89.7m to €85.3m
- Current investments +€2.5m
up €2.5m (+33.9%), from €7.3m to €9.7m
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
No income-statement line moved by more than 1% of the activity.
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.
Result 2024
€5.1m
Other operating charges
-€31
Other operating items
+€68,674
Financial income
-€336,920
Financial charges
-€342,402
Taxes
-€3,263
Result 2025
€4.5m
lowers the resultnot broken down further in the accounts
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.
From operations
+€2.5m
Investment
+€2.0m
Financing
-€4.5m
Cash 2024
€66,254
From operations (derived)
+€2.5m
Net result for the year
+€4.5m
Receivables after one year
+€7.5m
Receivables within one year
-€9.1m
Deferred charges and accrued income
+€178,341
Smaller working-capital items
+€5,495
Other debts
-€613,942
Investment (derived)
+€2.0m
Investment in fixed assets (net)
+€4.4m
Current investments
-€2.5m
Financing
-€4.5m
Contributions, distributions and other
-€4.5m
Cash 2025
€63,110
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €106,307,286 | €105,698,840 | -€608,447 | -0.6% |
| Fixed assets | 21/28 | €89,710,589 | €85,269,607 | -€4.4m | -5.0% |
| Financial fixed assets | 28 | €89,710,589 | €85,269,607 | -€4.4m | -5.0% |
| Other financial fixed assets | 284/8 | €89,710,589 | €85,269,607 | -€4.4m | -5.0% |
| Shares | 284 | €89,710,589 | €85,269,607 | -€4.4m | -5.0% |
| Current assets | 29/58 | €16,596,698 | €20,429,233 | +€3.8m | +23.1% |
| Amounts receivable after more than one year | 29 | €7,500,000 | - | -€7.5m | |
| Other amounts receivable | 291 | €7,500,000 | - | -€7.5m | |
| Amounts receivable within one year | 40/41 | €1,497,735 | €10,550,169 | +€9.1m | +604% |
| Other amounts receivable | 41 | €1,497,735 | €10,550,169 | +€9.1m | +604% |
| Current investments | 50/53 | €7,261,059 | €9,722,645 | +€2.5m | +33.9% |
| Other investments | 51/53 | €7,261,059 | €9,722,645 | +€2.5m | +33.9% |
| Cash at bank and in hand | 54/58 | €66,254 | €63,110 | -€3,144 | -4.7% |
| Deferred charges and accrued income | 490/1 | €271,650 | €93,309 | -€178,341 | -65.7% |
| Total equity and liabilities | 10/49 | €106,307,286 | €105,698,840 | -€608,447 | -0.6% |
| Equity | 10/15 | €101,006,958 | €101,006,958 | = | 0.0% |
| Contributions | 10/11 | €52,404,440 | €52,404,440 | = | 0.0% |
| Capital | 10 | €52,404,440 | €52,404,440 | = | 0.0% |
| Issued capital | 100 | €52,404,440 | €52,404,440 | = | 0.0% |
| Reserves | 13 | €48,602,518 | €48,602,518 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,240,444 | €5,240,444 | = | 0.0% |
| Legal reserve | 130 | €5,240,444 | €5,240,444 | = | 0.0% |
| Tax-exempt reserves | 132 | €43,362,074 | €43,362,074 | = | 0.0% |
| Amounts payable | 17/49 | €5,300,328 | €4,691,881 | -€608,447 | -11.5% |
| Amounts payable within one year | 42/48 | €5,195,323 | €4,592,624 | -€602,699 | -11.6% |
| Trade debts | 44 | €58,830 | €70,073 | +€11,243 | +19.1% |
| Suppliers | 440/4 | €58,830 | €70,073 | +€11,243 | +19.1% |
| Other amounts payable | 47/48 | €5,136,493 | €4,522,551 | -€613,942 | -12.0% |
| Accrued charges and deferred income | 492/3 | €105,005 | €99,257 | -€5,748 | -5.5% |
| Operating income | 70/76A | - | €13,388 | +€13,388 | |
| Other operating income | 74 | - | €13,388 | +€13,388 | |
| Operating charges | 60/66A | €199,517 | €144,262 | -€55,255 | -27.7% |
| Services and other goods | 61 | €198,549 | €143,263 | -€55,286 | -27.8% |
| Other operating charges | 640/8 | €968 | €998 | +€31 | +3.2% |
| Operating profit (loss) | 9901 | -€199,517 | -€130,874 | +€68,643 | +34.4% |
| Financial income | 75/76B | €5,764,097 | €5,427,176 | -€336,920 | -5.8% |
| Recurring financial income | 75 | €5,764,097 | €5,427,176 | -€336,920 | -5.8% |
| Income from financial fixed assets | 750 | €5,270,599 | €4,996,848 | -€273,751 | -5.2% |
| Income from current assets | 751 | €493,498 | €408,496 | -€85,001 | -17.2% |
| Other financial income | 752/9 | - | €21,832 | +€21,832 | |
| Financial charges | 65/66B | €428,087 | €770,489 | +€342,402 | +80.0% |
| Recurring financial charges | 65 | €428,087 | -€126,882 | -€554,969 | |
| Debt charges | 650 | €0 | - | -€0 | |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €308,550 | -€236,950 | -€545,500 | |
| Other financial charges | 652/9 | €119,537 | €110,068 | -€9,468 | -7.9% |
| Non-recurring financial charges | 66B | - | €897,370 | +€897,370 | |
| Profit (loss) for the period before taxes | 9903 | €5,136,493 | €4,525,814 | -€610,679 | -11.9% |
| Income taxes | 67/77 | - | €3,263 | +€3,263 | |
| Taxes | 670/3 | - | €3,263 | +€3,263 | |
| Profit (loss) for the period | 9904 | €5,136,493 | €4,522,551 | -€613,942 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €5,136,493 | €4,522,551 | -€613,942 | -12.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.