Publivaria: 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.
Publivaria
Largest movements
- Receivables within one year +€32,527
up €32,527 (+14.9%), from €218,833 to €251,360
- Cash -€23,623
down €23,623 (-57.3%), from €41,230 to €17,607
mainly Receivables within one year (-€32,527) and Contributions, distributions and other (-€1,666)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€4,587
up €4,587, from -€2,870 to €1,716
- Taxes +€474
up €474 (+84.5%), from €561 to €1,035
- Depreciation -€358
no longer reported in 2025 (was €358)
- Financial income +€337
up €337 (+2.7%), from €12,403 to €12,740
- Other operating charges +€90
up €90 (+3.1%), from €2,913 to €3,003
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.
Derived cash bridge
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 | €1,258,775 | €1,267,967 | +€9,192 | +0.7% |
| Fixed assets | 21/28 | €996,500 | €996,500 | = | 0.0% |
| Tangible fixed assets | 22/27 | €996,500 | €996,500 | = | 0.0% |
| Land and buildings | 22 | €996,500 | €996,500 | = | 0.0% |
| Current assets | 29/58 | €262,275 | €271,467 | +€9,192 | +3.5% |
| Amounts receivable within one year | 40/41 | €218,833 | €251,360 | +€32,527 | +14.9% |
| Other amounts receivable | 41 | €218,833 | €251,360 | +€32,527 | +14.9% |
| Cash at bank and in hand | 54/58 | €41,230 | €17,607 | -€23,623 | -57.3% |
| Deferred charges and accrued income | 490/1 | €2,211 | €2,500 | +€288 | +13.0% |
| Total equity and liabilities | 10/49 | €1,258,775 | €1,267,967 | +€9,192 | +0.7% |
| Equity | 10/15 | €1,253,432 | €1,262,113 | +€8,681 | +0.7% |
| Contributions | 10/11 | €446,500 | €446,500 | = | 0.0% |
| Revaluation surpluses | 12 | €600,000 | €600,000 | = | 0.0% |
| Reserves | 13 | €206,932 | €215,613 | +€8,681 | +4.2% |
| Distributable reserves | 133 | €206,932 | €215,613 | +€8,681 | +4.2% |
| Amounts payable | 17/49 | €5,343 | €5,854 | +€511 | +9.6% |
| Amounts payable within one year | 42/48 | €5,343 | €5,854 | +€511 | +9.6% |
| Trade debts | 44 | €4,782 | €3,153 | -€1,629 | -34.1% |
| Suppliers | 440/4 | €4,782 | €3,153 | -€1,629 | -34.1% |
| Taxes, remuneration and social security | 45 | €561 | €1,035 | +€474 | +84.5% |
| Taxes | 450/3 | €561 | €1,035 | +€474 | +84.5% |
| Other amounts payable | 47/48 | - | €1,666 | +€1,666 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €358 | - | -€358 | |
| Other operating charges | 640/8 | €2,913 | €3,003 | +€90 | +3.1% |
| Gross operating margin | 9900 | -€2,870 | €1,716 | +€4,587 | |
| Operating profit (loss) | 9901 | -€6,141 | -€1,286 | +€4,855 | +79.1% |
| Financial income | 75/76B | €12,403 | €12,740 | +€337 | +2.7% |
| Recurring financial income | 75 | €12,403 | €12,740 | +€337 | +2.7% |
| Financial charges | 65/66B | €92 | €72 | -€20 | -21.6% |
| Recurring financial charges | 65 | €92 | €72 | -€20 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | €6,170 | €11,382 | +€5,211 | +84.5% |
| Income taxes | 67/77 | €561 | €1,035 | +€474 | +84.5% |
| Profit (loss) for the period | 9904 | €5,609 | €10,347 | +€4,738 | +84.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,609 | €10,347 | +€4,738 | +84.5% |
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 23 October 2026 via checked.be.