PUBLIVER CONCEPT: 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.
PUBLIVER CONCEPT
Largest movements
- Receivables within one year +€35,584
up €35,584 (+86.4%), from €41,166 to €76,749
of which Trade receivables: +€35,584
- Tangible fixed assets -€19,848
down €19,848 (-37.0%), from €53,591 to €33,743
of which Plant, machinery and equipment: -€18,135
- Reserves +€38,277
up €38,277 (+16.6%), from €230,244 to €268,521
- Trade debts -€37,488
down €37,488 (-51.8%), from €72,411 to €34,923
- Tax, wage and social debts +€18,375
up €18,375 (+79.5%), from €23,109 to €41,484
of which Taxes: +€18,679
- Debts after one year -€11,523
down €11,523 (-1.9%), from €591,503 to €579,981
of which Financial debts: -€60,793
- Gross operating margin +€44,592
up €44,592 (+41.0%), from €108,766 to €153,358
- Taxes +€16,024
up €16,024 (+298%), from €5,385 to €21,409
- Staff costs +€1,882
up €1,882 (+3.6%), from €52,210 to €54,092
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 | €1,003,775 | €1,013,018 | +€9,242 | +0.9% |
| Fixed assets | 21/28 | €938,626 | €918,778 | -€19,848 | -2.1% |
| Tangible fixed assets | 22/27 | €53,591 | €33,743 | -€19,848 | -37.0% |
| Plant, machinery and equipment | 23 | €36,191 | €18,056 | -€18,135 | -50.1% |
| Furniture and vehicles | 24 | €1,460 | €1,491 | +€31 | +2.1% |
| Other tangible fixed assets | 26 | €15,940 | €14,196 | -€1,744 | -10.9% |
| Financial fixed assets | 28 | €885,035 | €885,035 | = | 0.0% |
| Current assets | 29/58 | €65,149 | €94,239 | +€29,090 | +44.7% |
| Stocks and contracts in progress | 3 | €9,390 | €4,000 | -€5,390 | -57.4% |
| Stocks | 30/36 | €8,390 | €3,500 | -€4,890 | -58.3% |
| Contracts in progress | 37 | €1,000 | €500 | -€500 | -50.0% |
| Amounts receivable within one year | 40/41 | €41,166 | €76,749 | +€35,584 | +86.4% |
| Trade receivables | 40 | €6,478 | €42,061 | +€35,584 | +549% |
| Other amounts receivable | 41 | €34,688 | €34,688 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,894 | €12,790 | -€1,103 | -7.9% |
| Deferred charges and accrued income | 490/1 | €700 | €700 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,003,775 | €1,013,018 | +€9,242 | +0.9% |
| Equity | 10/15 | €248,844 | €287,121 | +€38,277 | +15.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €230,244 | €268,521 | +€38,277 | +16.6% |
| Distributable reserves | 133 | €230,244 | €268,521 | +€38,277 | +16.6% |
| Amounts payable | 17/49 | €754,932 | €725,897 | -€29,035 | -3.8% |
| Amounts payable after more than one year | 17 | €591,503 | €579,981 | -€11,523 | -1.9% |
| Financial debts | 170/4 | €459,479 | €398,686 | -€60,793 | -13.2% |
| Other amounts payable | 178/9 | €132,025 | €181,295 | +€49,270 | +37.3% |
| Amounts payable within one year | 42/48 | €155,265 | €137,200 | -€18,065 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €59,746 | €60,793 | +€1,047 | +1.8% |
| Trade debts | 44 | €72,411 | €34,923 | -€37,488 | -51.8% |
| Suppliers | 440/4 | €72,411 | €34,923 | -€37,488 | -51.8% |
| Taxes, remuneration and social security | 45 | €23,109 | €41,484 | +€18,375 | +79.5% |
| Taxes | 450/3 | €12,310 | €30,990 | +€18,679 | +152% |
| Remuneration and social security | 454/9 | €10,798 | €10,494 | -€304 | -2.8% |
| Accrued charges and deferred income | 492/3 | €8,163 | €8,716 | +€553 | +6.8% |
| Remuneration, social security and pensions | 62 | €52,210 | €54,092 | +€1,882 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,833 | €20,768 | -€1,065 | -4.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,394 | +€1,394 | |
| Other operating charges | 640/8 | €3,294 | €2,151 | -€1,143 | -34.7% |
| Gross operating margin | 9900 | €108,766 | €153,358 | +€44,592 | +41.0% |
| Operating profit (loss) | 9901 | €31,430 | €74,953 | +€43,523 | +138% |
| Financial income | 75/76B | €0 | €0 | -€0 | -33.3% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -33.3% |
| Financial charges | 65/66B | €16,168 | €15,267 | -€901 | -5.6% |
| Recurring financial charges | 65 | €16,168 | €15,267 | -€901 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €15,261 | €59,686 | +€44,425 | +291% |
| Income taxes | 67/77 | €5,385 | €21,409 | +€16,024 | +298% |
| Profit (loss) for the period | 9904 | €9,877 | €38,277 | +€28,400 | +288% |
| Profit (loss) for the period to be appropriated | 9905 | €9,877 | €38,277 | +€28,400 | +288% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.