PUBLIUS: 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.
PUBLIUS
Largest movements
- Current investments -€250,000
down €250,000 (-50.0%), from €500,000 to €250,000
- Receivables within one year +€167,544
up €167,544 (+18.3%), from €916,152 to €1.1m
of which Trade receivables: +€167,342
- Cash +€134,130
up €134,130 (+39.3%), from €341,634 to €475,764
mainly Net result for the year (+€1.1m) and Current investments (+€250,000)
- Tangible fixed assets +€23,128
up €23,128 (+74.6%), from €30,993 to €54,121
of which Plant, machinery and equipment: +€24,886
- Deferred charges and accrued income +€21,649
up €21,649 (+127.5%), from €16,979 to €38,629
- Tax, wage and social debts +€32,024
up €32,024 (+35.8%), from €89,391 to €121,415
of which Taxes: +€30,646
- Contributions +€26,882
up €26,882 (+13.8%), from €194,250 to €221,132
- Gross operating margin +€21,708
up €21,708 (+1.4%), from €1.6m to €1.6m
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 | €1,827,880 | €1,912,530 | +€84,650 | +4.6% |
| Fixed assets | 21/28 | €53,114 | €64,441 | +€11,326 | +21.3% |
| Intangible fixed assets | 21 | €20,873 | €9,072 | -€11,801 | -56.5% |
| Tangible fixed assets | 22/27 | €30,993 | €54,121 | +€23,128 | +74.6% |
| Plant, machinery and equipment | 23 | €29,235 | €54,121 | +€24,886 | +85.1% |
| Other tangible fixed assets | 26 | €1,759 | €0 | -€1,759 | -100.0% |
| Financial fixed assets | 28 | €1,248 | €1,248 | = | 0.0% |
| Current assets | 29/58 | €1,774,766 | €1,848,089 | +€73,323 | +4.1% |
| Amounts receivable within one year | 40/41 | €916,152 | €1,083,696 | +€167,544 | +18.3% |
| Trade receivables | 40 | €910,559 | €1,077,901 | +€167,342 | +18.4% |
| Other amounts receivable | 41 | €5,593 | €5,795 | +€202 | +3.6% |
| Current investments | 50/53 | €500,000 | €250,000 | -€250,000 | -50.0% |
| Cash at bank and in hand | 54/58 | €341,634 | €475,764 | +€134,130 | +39.3% |
| Deferred charges and accrued income | 490/1 | €16,979 | €38,629 | +€21,649 | +127.5% |
| Total equity and liabilities | 10/49 | €1,827,880 | €1,912,530 | +€84,650 | +4.6% |
| Equity | 10/15 | €236,561 | €274,479 | +€37,918 | +16.0% |
| Contributions | 10/11 | €194,250 | €221,132 | +€26,882 | +13.8% |
| Reserves | 13 | €42,311 | €53,347 | +€11,036 | +26.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €42,311 | €53,347 | +€11,036 | +26.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,591,319 | €1,638,051 | +€46,732 | +2.9% |
| Amounts payable within one year | 42/48 | €1,585,749 | €1,630,207 | +€44,458 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €33,274 | €22,736 | -€10,538 | -31.7% |
| Credit institutions | 430/8 | €33,274 | €22,736 | -€10,538 | -31.7% |
| Trade debts | 44 | €284,220 | €293,563 | +€9,343 | +3.3% |
| Suppliers | 440/4 | €284,220 | €293,563 | +€9,343 | +3.3% |
| Advances received on contracts in progress | 46 | €3,795 | €10,250 | +€6,455 | +170.1% |
| Taxes, remuneration and social security | 45 | €89,391 | €121,415 | +€32,024 | +35.8% |
| Taxes | 450/3 | €53,896 | €84,542 | +€30,646 | +56.9% |
| Remuneration and social security | 454/9 | €35,495 | €36,873 | +€1,378 | +3.9% |
| Other amounts payable | 47/48 | €1,175,069 | €1,182,243 | +€7,174 | +0.6% |
| Accrued charges and deferred income | 492/3 | €5,570 | €7,844 | +€2,274 | +40.8% |
| Remuneration, social security and pensions | 62 | €326,463 | €339,418 | +€12,955 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,348 | €36,155 | +€4,807 | +15.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,099 | €4,680 | +€9,779 | |
| Other operating charges | 640/8 | €1,459 | €6,734 | +€5,276 | +361.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €1,596,345 | €1,618,053 | +€21,708 | +1.4% |
| Operating profit (loss) | 9901 | €1,242,174 | €1,231,065 | -€11,109 | -0.9% |
| Financial income | 75/76B | €9,437 | €9,348 | -€89 | -0.9% |
| Recurring financial income | 75 | €9,437 | €9,348 | -€89 | -0.9% |
| Financial charges | 65/66B | €2,908 | €2,361 | -€547 | -18.8% |
| Recurring financial charges | 65 | €2,908 | €2,361 | -€547 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €1,248,704 | €1,238,053 | -€10,651 | -0.9% |
| Income taxes | 67/77 | €100,259 | €95,561 | -€4,698 | -4.7% |
| Profit (loss) for the period | 9904 | €1,148,445 | €1,142,492 | -€5,953 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €1,148,445 | €1,142,492 | -€5,953 | -0.5% |
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 8 October 2026 via checked.be.