PUBLIVERO: 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.
PUBLIVERO
Largest movements
- Tangible fixed assets -€14,199
down €14,199 (-5.1%), from €276,177 to €261,978
of which Land and buildings: -€8,905
- Cash -€3,019
down €3,019 (-32.4%), from €9,311 to €6,292
mainly Other debts (-€23,638) and Investment in fixed assets (net) (-€4,599)
- Other debts -€23,638
down €23,638 (-14.1%), from €167,414 to €143,776
- Reserves +€6,643
up €6,643 (+14.1%), from €47,225 to €53,867
- Gross operating margin +€3,518
up €3,518 (+9.1%), from €38,669 to €42,187
- Depreciation -€2,113
down €2,113 (-10.1%), from €20,911 to €18,798
- Taxes +€1,711
up €1,711 (+69.0%), from €2,478 to €4,190
- Financial charges -€825
down €825 (-9.8%), from €8,383 to €7,558
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 | €286,361 | €269,144 | -€17,218 | -6.0% |
| Fixed assets | 21/28 | €276,177 | €261,978 | -€14,199 | -5.1% |
| Tangible fixed assets | 22/27 | €276,177 | €261,978 | -€14,199 | -5.1% |
| Land and buildings | 22 | €258,696 | €249,791 | -€8,905 | -3.4% |
| Plant, machinery and equipment | 23 | €15,094 | €12,187 | -€2,907 | -19.3% |
| Furniture and vehicles | 24 | €2,387 | €0 | -€2,387 | -100.0% |
| Current assets | 29/58 | €10,184 | €7,165 | -€3,019 | -29.6% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €9,311 | €6,292 | -€3,019 | -32.4% |
| Deferred charges and accrued income | 490/1 | €873 | €873 | = | 0.0% |
| Total equity and liabilities | 10/49 | €286,361 | €269,144 | -€17,218 | -6.0% |
| Equity | 10/15 | €105,817 | €112,459 | +€6,643 | +6.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €47,225 | €53,867 | +€6,643 | +14.1% |
| Distributable reserves | 133 | €47,225 | €53,867 | +€6,643 | +14.1% |
| Profit (loss) carried forward | 14 | €33,592 | €33,592 | = | 0.0% |
| Amounts payable | 17/49 | €180,545 | €156,684 | -€23,860 | -13.2% |
| Amounts payable after more than one year | 17 | €437 | €437 | = | 0.0% |
| Other amounts payable | 178/9 | €437 | €437 | = | 0.0% |
| Amounts payable within one year | 42/48 | €171,783 | €148,755 | -€23,028 | -13.4% |
| Trade debts | 44 | €1,251 | €569 | -€682 | -54.5% |
| Suppliers | 440/4 | €1,251 | €569 | -€682 | -54.5% |
| Taxes, remuneration and social security | 45 | €3,118 | €4,410 | +€1,292 | +41.4% |
| Taxes | 450/3 | €3,118 | €4,410 | +€1,292 | +41.4% |
| Other amounts payable | 47/48 | €167,414 | €143,776 | -€23,638 | -14.1% |
| Accrued charges and deferred income | 492/3 | €8,324 | €7,492 | -€833 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,911 | €18,798 | -€2,113 | -10.1% |
| Other operating charges | 640/8 | €4,877 | €5,025 | +€149 | +3.0% |
| Gross operating margin | 9900 | €38,669 | €42,187 | +€3,518 | +9.1% |
| Operating profit (loss) | 9901 | €12,882 | €18,364 | +€5,483 | +42.6% |
| Financial income | 75/76B | €0 | €26 | +€26 | +10300.0% |
| Recurring financial income | 75 | €0 | €26 | +€26 | +10300.0% |
| Financial charges | 65/66B | €8,383 | €7,558 | -€825 | -9.8% |
| Recurring financial charges | 65 | €8,383 | €7,558 | -€825 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €4,499 | €10,832 | +€6,333 | +140.8% |
| Income taxes | 67/77 | €2,478 | €4,190 | +€1,711 | +69.0% |
| Profit (loss) for the period | 9904 | €2,020 | €6,643 | +€4,622 | +228.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,020 | €6,643 | +€4,622 | +228.8% |
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 6 October 2026 via checked.be.