PUBLISOLAR: 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.
PUBLISOLAR
Largest movements
- Tangible fixed assets -€75,553
down €75,553 (-98.8%), from €76,473 to €919
- Receivables within one year +€14,441
up €14,441 (+85.6%), from €16,863 to €31,304
- Cash +€6,386
up €6,386 (+5.4%), from €118,014 to €124,400
mainly Debts after one year (+€200,000) and Depreciation (+€75,553)
- Debts after one year +€200,000
up €200,000 (+100.0%), from €200,000 to €400,000
- Current portion of long-term debt -€200,000
no longer reported in 2025 (was €200,000)
- Profit (loss) carried forward -€23,699
down €23,699 (-1.9%), from -€1.3m to -€1.3m
- Accrued charges and deferred income -€18,517
down €18,517 (-36.8%), from €50,357 to €31,840
- Trade debts -€15,679
down €15,679 (-99.9%), from €15,696 to €17
- Depreciation -€53,078
down €53,078 (-41.3%), from €128,631 to €75,553
- Gross operating margin -€48,278
down €48,278 (-41.3%), from €117,020 to €68,742
- Financial charges -€34,598
down €34,598 (-67.8%), from €51,016 to €16,418
of which Financial charges: -€34,065
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 | €219,581 | €164,028 | -€55,554 | -25.3% |
| Fixed assets | 21/28 | €76,473 | €919 | -€75,553 | -98.8% |
| Tangible fixed assets | 22/27 | €76,473 | €919 | -€75,553 | -98.8% |
| Plant, machinery and equipment | 23 | €76,473 | €919 | -€75,553 | -98.8% |
| Current assets | 29/58 | €143,109 | €163,108 | +€20,000 | +14.0% |
| Amounts receivable within one year | 40/41 | €16,863 | €31,304 | +€14,441 | +85.6% |
| Trade receivables | 40 | €16,863 | €31,304 | +€14,441 | +85.6% |
| Cash at bank and in hand | 54/58 | €118,014 | €124,400 | +€6,386 | +5.4% |
| Deferred charges and accrued income | 490/1 | €8,232 | €7,404 | -€828 | -10.1% |
| Total equity and liabilities | 10/49 | €219,581 | €164,028 | -€55,554 | -25.3% |
| Equity | 10/15 | -€256,512 | -€280,212 | -€23,699 | -9.2% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,256,512 | -€1,280,212 | -€23,699 | -1.9% |
| Amounts payable | 17/49 | €476,094 | €444,239 | -€31,854 | -6.7% |
| Amounts payable after more than one year | 17 | €200,000 | €400,000 | +€200,000 | +100.0% |
| Other amounts payable | 178/9 | €200,000 | €400,000 | +€200,000 | +100.0% |
| Amounts payable within one year | 42/48 | €225,737 | €12,399 | -€213,337 | -94.5% |
| Current portion of amounts payable after more than one year | 42 | €200,000 | - | -€200,000 | |
| Trade debts | 44 | €15,696 | €17 | -€15,679 | -99.9% |
| Suppliers | 440/4 | €15,696 | €17 | -€15,679 | -99.9% |
| Taxes, remuneration and social security | 45 | €10,041 | €12,383 | +€2,342 | +23.3% |
| Taxes | 450/3 | €10,041 | €12,383 | +€2,342 | +23.3% |
| Accrued charges and deferred income | 492/3 | €50,357 | €31,840 | -€18,517 | -36.8% |
| Non-recurring operating income | 76A | - | €34,437 | +€34,437 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €128,631 | €75,553 | -€53,078 | -41.3% |
| Other operating charges | 640/8 | €1,219 | €470 | -€749 | -61.5% |
| Gross operating margin | 9900 | €117,020 | €68,742 | -€48,278 | -41.3% |
| Operating profit (loss) | 9901 | -€12,830 | -€7,281 | +€5,549 | +43.2% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €51,016 | €16,418 | -€34,598 | -67.8% |
| Recurring financial charges | 65 | €50,483 | €16,418 | -€34,065 | -67.5% |
| Non-recurring financial charges | 66B | €533 | - | -€533 | |
| Profit (loss) for the period before taxes | 9903 | -€63,846 | -€23,699 | +€40,147 | +62.9% |
| Profit (loss) for the period | 9904 | -€63,846 | -€23,699 | +€40,147 | +62.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,846 | -€23,699 | +€40,147 | +62.9% |
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 4 October 2026 via checked.be.