PUBLITEL: 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.
PUBLITEL
Largest movements
- Deferred charges and accrued income +€6,702
up €6,702 (+15.6%), from €42,981 to €49,684
- Profit (loss) carried forward +€10,795
up €10,795 (+3.3%), from €324,967 to €335,762
- Financial income -€6,668
no longer reported in 2025 (was €6,668)
- Gross operating margin +€4,681
up €4,681 (+45.3%), from €10,329 to €15,010
- Financial charges -€1,264
no longer reported in 2025 (was €1,264)
- Taxes -€242
down €242 (-5.8%), from €4,172 to €3,930
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 | €379,048 | €385,689 | +€6,642 | +1.8% |
| Fixed assets | 21/28 | €180 | €180 | = | 0.0% |
| Financial fixed assets | 28 | €180 | €180 | = | 0.0% |
| Current assets | 29/58 | €378,868 | €385,509 | +€6,642 | +1.8% |
| Amounts receivable after more than one year | 29 | €334,978 | €335,167 | +€188 | +0.1% |
| Other amounts receivable | 291 | €334,978 | €335,167 | +€188 | +0.1% |
| Amounts receivable within one year | 40/41 | €908 | €659 | -€249 | -27.5% |
| Trade receivables | 40 | €702 | - | -€702 | |
| Other amounts receivable | 41 | €207 | €659 | +€452 | +218.5% |
| Cash at bank and in hand | 54/58 | - | €0 | +€0 | |
| Deferred charges and accrued income | 490/1 | €42,981 | €49,684 | +€6,702 | +15.6% |
| Total equity and liabilities | 10/49 | €379,048 | €385,689 | +€6,642 | +1.8% |
| Equity | 10/15 | €338,770 | €349,564 | +€10,795 | +3.2% |
| Contributions | 10/11 | €11,943 | €11,943 | = | 0.0% |
| Capital | 10 | €11,943 | €11,943 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Uncalled capital | 101 | €6,649 | €6,649 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €324,967 | €335,762 | +€10,795 | +3.3% |
| Provisions and deferred taxes | 16 | €20,000 | €20,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €20,000 | €20,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €20,000 | €20,000 | = | 0.0% |
| Amounts payable | 17/49 | €20,278 | €16,125 | -€4,153 | -20.5% |
| Amounts payable after more than one year | 17 | €7,593 | €4,537 | -€3,056 | -40.2% |
| Other amounts payable | 178/9 | €7,593 | €4,537 | -€3,056 | -40.2% |
| Amounts payable within one year | 42/48 | €12,686 | €11,589 | -€1,097 | -8.6% |
| Trade debts | 44 | €27 | - | -€27 | |
| Suppliers | 440/4 | €27 | - | -€27 | |
| Taxes, remuneration and social security | 45 | €12,659 | €11,589 | -€1,070 | -8.5% |
| Taxes | 450/3 | €12,659 | €11,589 | -€1,070 | -8.5% |
| Other operating charges | 640/8 | €421 | €285 | -€136 | -32.2% |
| Gross operating margin | 9900 | €10,329 | €15,010 | +€4,681 | +45.3% |
| Operating profit (loss) | 9901 | €9,908 | €14,725 | +€4,817 | +48.6% |
| Financial income | 75/76B | €6,668 | - | -€6,668 | |
| Recurring financial income | 75 | €6,668 | - | -€6,668 | |
| Financial charges | 65/66B | €1,264 | - | -€1,264 | |
| Recurring financial charges | 65 | €1,264 | - | -€1,264 | |
| Profit (loss) for the period before taxes | 9903 | €15,311 | €14,725 | -€587 | -3.8% |
| Income taxes | 67/77 | €4,172 | €3,930 | -€242 | -5.8% |
| Profit (loss) for the period | 9904 | €11,139 | €10,795 | -€344 | -3.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,139 | €10,795 | -€344 | -3.1% |
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.