PUBLIROUTE: 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
PUBLIROUTE
NACE 73.110, Advertising agencies
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€30,819
2024 · €625,387-€656,206
Equity
€11.8m
2024 · €11.8m-€30,819
Cash
€550
2024 · €143+€407
Balance sheet total
€17.2m
2024 · €16.8m+€428,846
Largest movements
Assets
- Receivables within one year +€727,607
up €727,607 (+4.7%), from €15.4m to €16.2m
of which Other amounts receivable: +€869,170
- Deferred charges and accrued income -€211,668
down €211,668 (-18.9%), from €1.1m to €910,473
Equity and liabilities
- Trade debts +€840,067
up €840,067 (+135.1%), from €621,588 to €1.5m
- Tax, wage and social debts -€295,256
down €295,256 (-21.0%), from €1.4m to €1.1m
of which Taxes: -€243,500
Income statement
- Gross operating margin -€902,897
down €902,897 (-19.2%), from €4.7m to €3.8m
- Taxes -€409,569
down €409,569, from €364,409 to -€45,160
- Financial income -€198,486
down €198,486 (-38.3%), from €518,829 to €320,342
- Other operating charges -€134,659
down €134,659 (-6.9%), from €1.9m to €1.8m
- Staff costs +€100,685
up €100,685 (+4.7%), from €2.1m to €2.2m
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
€625,387
Gross operating margin
-€902,897
Staff costs
-€100,685
Depreciation
-€7,144
Write-downs
+€62,977
Provisions
-€53,717
Other operating charges
+€134,659
Other operating items
+€31
Financial income
-€198,486
Financial charges
-€512
Taxes
+€409,569
Result 2025
-€30,819
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.
From operations
-€926
Investment
+€1,333
Financing
€0
Cash 2024
€143
From operations (derived)
-€926
Net result for the year
-€30,819
Depreciation
+€84,667
Smaller working-capital items
-€391
Receivables within one year
-€727,607
Deferred charges and accrued income
+€211,668
Provisions
+€53,717
Trade debts
+€840,067
Tax, wage and social debts
-€295,256
Accrued charges and deferred income
-€136,972
Investment (derived)
+€1,333
Investment in fixed assets (net)
+€1,333
Cash 2025
€550
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,757,123 | €17,185,968 | +€428,846 | +2.6% |
| Fixed assets | 21/28 | €174,848 | €88,848 | -€86,000 | -49.2% |
| Intangible fixed assets | 21 | €88,483 | €29,332 | -€59,151 | -66.8% |
| Tangible fixed assets | 22/27 | €86,240 | €59,390 | -€26,850 | -31.1% |
| Land and buildings | 22 | €4,387 | €2,511 | -€1,877 | -42.8% |
| Plant, machinery and equipment | 23 | €29,429 | €16,839 | -€12,591 | -42.8% |
| Furniture and vehicles | 24 | €33,123 | €20,741 | -€12,382 | -37.4% |
| Other tangible fixed assets | 26 | €19,300 | €19,300 | = | 0.0% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €16,582,275 | €17,097,121 | +€514,846 | +3.1% |
| Stocks and contracts in progress | 3 | €33,333 | €31,833 | -€1,500 | -4.5% |
| Stocks | 30/36 | €33,333 | €31,833 | -€1,500 | -4.5% |
| Amounts receivable within one year | 40/41 | €15,426,658 | €16,154,265 | +€727,607 | +4.7% |
| Trade receivables | 40 | €1,261,533 | €1,119,971 | -€141,562 | -11.2% |
| Other amounts receivable | 41 | €14,165,125 | €15,034,295 | +€869,170 | +6.1% |
| Cash at bank and in hand | 54/58 | €143 | €550 | +€407 | +285.2% |
| Deferred charges and accrued income | 490/1 | €1,122,141 | €910,473 | -€211,668 | -18.9% |
| Total equity and liabilities | 10/49 | €16,757,123 | €17,185,968 | +€428,846 | +2.6% |
| Equity | 10/15 | €11,814,712 | €11,783,892 | -€30,819 | -0.3% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €506,150 | €506,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €500,000 | €500,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,247,062 | €11,216,242 | -€30,819 | -0.3% |
| Provisions and deferred taxes | 16 | - | €53,717 | +€53,717 | |
| Provisions for liabilities and charges | 160/5 | - | €53,717 | +€53,717 | |
| Other liabilities and charges | 164/5 | - | €53,717 | +€53,717 | |
| Amounts payable | 17/49 | €4,942,411 | €5,348,359 | +€405,948 | +8.2% |
| Amounts payable within one year | 42/48 | €2,072,909 | €2,615,829 | +€542,920 | +26.2% |
| Trade debts | 44 | €621,588 | €1,461,655 | +€840,067 | +135.1% |
| Suppliers | 440/4 | €621,588 | €1,461,655 | +€840,067 | +135.1% |
| Advances received on contracts in progress | 46 | €44,095 | €42,204 | -€1,891 | -4.3% |
| Taxes, remuneration and social security | 45 | €1,407,227 | €1,111,971 | -€295,256 | -21.0% |
| Taxes | 450/3 | €1,100,899 | €857,399 | -€243,500 | -22.1% |
| Remuneration and social security | 454/9 | €306,328 | €254,572 | -€51,756 | -16.9% |
| Accrued charges and deferred income | 492/3 | €2,869,502 | €2,732,530 | -€136,972 | -4.8% |
| Non-recurring operating income | 76A | €9,588 | €2,138 | -€7,450 | -77.7% |
| Remuneration, social security and pensions | 62 | €2,123,821 | €2,224,506 | +€100,685 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,523 | €84,667 | +€7,144 | +9.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €71,425 | €8,448 | -€62,977 | -88.2% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €53,717 | +€53,717 | |
| Other operating charges | 640/8 | €1,946,789 | €1,812,130 | -€134,659 | -6.9% |
| Non-recurring operating charges | 66A | €465 | €433 | -€31 | -6.7% |
| Gross operating margin | 9900 | €4,691,299 | €3,788,402 | -€902,897 | -19.2% |
| Operating profit (loss) | 9901 | €471,277 | -€395,500 | -€866,777 | |
| Financial income | 75/76B | €518,829 | €320,342 | -€198,486 | -38.3% |
| Recurring financial income | 75 | €518,829 | €320,342 | -€198,486 | -38.3% |
| Financial charges | 65/66B | €310 | €822 | +€512 | +165.1% |
| Recurring financial charges | 65 | €310 | €822 | +€512 | +165.1% |
| Profit (loss) for the period before taxes | 9903 | €989,796 | -€75,979 | -€1.1m | |
| Income taxes | 67/77 | €364,409 | -€45,160 | -€409,569 | |
| Profit (loss) for the period | 9904 | €625,387 | -€30,819 | -€656,206 | |
| Profit (loss) for the period to be appropriated | 9905 | €625,387 | -€30,819 | -€656,206 |
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 11 October 2026 via checked.be.