PUBLITAC: 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.
PUBLITAC
Largest movements
- Receivables within one year +€8,743
up €8,743 (+32.6%), from €26,857 to €35,600
- Tangible fixed assets -€3,078
down €3,078 (-5.7%), from €54,421 to €51,343
of which Furniture and vehicles: -€3,076
- Cash +€2,850
up €2,850 (+20.1%), from €14,190 to €17,040
mainly Depreciation (+€22,764) and Net result for the year (+€11,429)
- Other debts -€12,482
down €12,482 (-92.6%), from €13,482 to €1,000
- Profit (loss) carried forward +€11,429
up €11,429 (+37.4%), from €30,598 to €42,026
- Debts after one year +€6,196
up €6,196 (+49.5%), from €12,516 to €18,712
- Tax, wage and social debts +€3,616
up €3,616 (+28.7%), from €12,580 to €16,196
of which Remuneration and social security: +€2,407
- Trade debts +€2,133
up €2,133 (+118.6%), from €1,799 to €3,932
- Staff costs +€19,962
new in 2025: €19,962
- Gross operating margin +€16,132
up €16,132 (+34.4%), from €46,906 to €63,038
- Depreciation +€1,889
up €1,889 (+9.0%), from €20,875 to €22,764
- Taxes +€1,374
up €1,374 (+31.8%), from €4,326 to €5,700
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 | €96,114 | €105,228 | +€9,114 | +9.5% |
| Fixed assets | 21/28 | €54,671 | €51,593 | -€3,078 | -5.6% |
| Tangible fixed assets | 22/27 | €54,421 | €51,343 | -€3,078 | -5.7% |
| Plant, machinery and equipment | 23 | €1,067 | €1,065 | -€2 | -0.2% |
| Furniture and vehicles | 24 | €53,353 | €50,278 | -€3,076 | -5.8% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €41,444 | €53,635 | +€12,191 | +29.4% |
| Amounts receivable within one year | 40/41 | €26,857 | €35,600 | +€8,743 | +32.6% |
| Trade receivables | 40 | €26,857 | €35,600 | +€8,743 | +32.6% |
| Cash at bank and in hand | 54/58 | €14,190 | €17,040 | +€2,850 | +20.1% |
| Deferred charges and accrued income | 490/1 | €396 | €995 | +€599 | +151.0% |
| Total equity and liabilities | 10/49 | €96,114 | €105,228 | +€9,114 | +9.5% |
| Equity | 10/15 | €42,699 | €54,128 | +€11,429 | +26.8% |
| Contributions | 10/11 | €10,241 | €10,241 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,598 | €42,026 | +€11,429 | +37.4% |
| Amounts payable | 17/49 | €53,415 | €51,100 | -€2,315 | -4.3% |
| Amounts payable after more than one year | 17 | €12,516 | €18,712 | +€6,196 | +49.5% |
| Financial debts | 170/4 | €12,516 | €18,712 | +€6,196 | +49.5% |
| Amounts payable within one year | 42/48 | €40,789 | €32,158 | -€8,631 | -21.2% |
| Current portion of amounts payable after more than one year | 42 | €12,928 | €11,031 | -€1,897 | -14.7% |
| Trade debts | 44 | €1,799 | €3,932 | +€2,133 | +118.6% |
| Suppliers | 440/4 | €1,799 | €3,932 | +€2,133 | +118.6% |
| Taxes, remuneration and social security | 45 | €12,580 | €16,196 | +€3,616 | +28.7% |
| Taxes | 450/3 | €12,554 | €13,764 | +€1,209 | +9.6% |
| Remuneration and social security | 454/9 | €26 | €2,432 | +€2,407 | +9401.0% |
| Other amounts payable | 47/48 | €13,482 | €1,000 | -€12,482 | -92.6% |
| Accrued charges and deferred income | 492/3 | €110 | €230 | +€120 | +108.7% |
| Remuneration, social security and pensions | 62 | - | €19,962 | +€19,962 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,875 | €22,764 | +€1,889 | +9.0% |
| Other operating charges | 640/8 | €2,344 | €1,951 | -€393 | -16.8% |
| Gross operating margin | 9900 | €46,906 | €63,038 | +€16,132 | +34.4% |
| Operating profit (loss) | 9901 | €23,687 | €18,361 | -€5,326 | -22.5% |
| Financial income | 75/76B | €276 | €31 | -€244 | -88.6% |
| Recurring financial income | 75 | €276 | €31 | -€244 | -88.6% |
| Financial charges | 65/66B | €1,341 | €1,264 | -€77 | -5.8% |
| Recurring financial charges | 65 | €1,341 | €1,264 | -€77 | -5.8% |
| Profit (loss) for the period before taxes | 9903 | €22,622 | €17,129 | -€5,493 | -24.3% |
| Income taxes | 67/77 | €4,326 | €5,700 | +€1,374 | +31.8% |
| Profit (loss) for the period | 9904 | €18,296 | €11,429 | -€6,867 | -37.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,296 | €11,429 | -€6,867 | -37.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.