Publiwereld: 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.
Publiwereld
Largest movements
- Cash +€38,813
up €38,813 (+38.0%), from €102,065 to €140,878
mainly Net result for the year (+€33,544) and Receivables within one year (+€28,467)
- Receivables within one year -€28,467
down €28,467 (-45.3%), from €62,820 to €34,353
of which Trade receivables: -€27,605
- Tangible fixed assets -€14,480
down €14,480 (-5.7%), from €255,254 to €240,774
of which Plant, machinery and equipment: -€11,117
- Debts after one year -€21,210
down €21,210 (-13.9%), from €152,934 to €131,723
- Other debts -€17,157
down €17,157 (-37.7%), from €45,495 to €28,338
- Tax, wage and social debts +€14,658
up €14,658 (+287%), from €5,112 to €19,770
of which Taxes: +€14,658
- Reserves +€13,735
up €13,735 (+7.5%), from €182,078 to €195,813
- Trade debts +€5,972
up €5,972 (+191%), from €3,130 to €9,102
- Write-downs -€4,761
down €4,761 (-100%), from €4,761 to €0
- Gross operating margin +€4,531
up €4,531 (+5.9%), from €76,397 to €80,928
- Taxes +€2,762
up €2,762 (+26.0%), from €10,628 to €13,390
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 | €442,339 | €438,977 | -€3,363 | -0.8% |
| Fixed assets | 21/28 | €258,607 | €243,198 | -€15,409 | -6.0% |
| Intangible fixed assets | 21 | €3,353 | €2,424 | -€929 | -27.7% |
| Tangible fixed assets | 22/27 | €255,254 | €240,774 | -€14,480 | -5.7% |
| Land and buildings | 22 | €205,446 | €198,735 | -€6,711 | -3.3% |
| Plant, machinery and equipment | 23 | €34,670 | €23,553 | -€11,117 | -32.1% |
| Furniture and vehicles | 24 | €3,936 | €10,020 | +€6,083 | +155% |
| Leasing and similar rights | 25 | €4,514 | €1,778 | -€2,736 | -60.6% |
| Assets under construction and advance payments | 27 | €6,687 | €6,687 | = | 0.0% |
| Current assets | 29/58 | €183,733 | €195,779 | +€12,046 | +6.6% |
| Stocks and contracts in progress | 3 | €18,848 | €20,547 | +€1,699 | +9.0% |
| Stocks | 30/36 | €18,848 | €20,547 | +€1,699 | +9.0% |
| Amounts receivable within one year | 40/41 | €62,820 | €34,353 | -€28,467 | -45.3% |
| Trade receivables | 40 | €61,330 | €33,725 | -€27,605 | -45.0% |
| Other amounts receivable | 41 | €1,490 | €628 | -€862 | -57.9% |
| Cash at bank and in hand | 54/58 | €102,065 | €140,878 | +€38,813 | +38.0% |
| Total equity and liabilities | 10/49 | €442,339 | €438,977 | -€3,363 | -0.8% |
| Equity | 10/15 | €200,678 | €214,413 | +€13,735 | +6.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €182,078 | €195,813 | +€13,735 | +7.5% |
| Distributable reserves | 133 | €182,078 | €195,813 | +€13,735 | +7.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €12,987 | €12,987 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €12,987 | €12,987 | = | 0.0% |
| Pensions and similar obligations | 160 | €6,300 | €6,300 | = | 0.0% |
| Environmental obligations | 163 | €6,687 | €6,687 | = | 0.0% |
| Amounts payable | 17/49 | €228,674 | €211,576 | -€17,098 | -7.5% |
| Amounts payable after more than one year | 17 | €152,934 | €131,723 | -€21,210 | -13.9% |
| Financial debts | 170/4 | €152,934 | €131,723 | -€21,210 | -13.9% |
| Amounts payable within one year | 42/48 | €74,307 | €78,420 | +€4,113 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €20,571 | €21,210 | +€640 | +3.1% |
| Trade debts | 44 | €3,130 | €9,102 | +€5,972 | +191% |
| Suppliers | 440/4 | €3,130 | €9,102 | +€5,972 | +191% |
| Taxes, remuneration and social security | 45 | €5,112 | €19,770 | +€14,658 | +287% |
| Taxes | 450/3 | €2,908 | €17,566 | +€14,658 | +504% |
| Remuneration and social security | 454/9 | €2,204 | €2,204 | = | 0.0% |
| Other amounts payable | 47/48 | €45,495 | €28,338 | -€17,157 | -37.7% |
| Accrued charges and deferred income | 492/3 | €1,433 | €1,433 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €1,611 | €1,940 | +€328 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,300 | €24,024 | +€724 | +3.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,761 | €0 | -€4,761 | -100% |
| Other operating charges | 640/8 | €1,730 | €1,905 | +€175 | +10.1% |
| Non-recurring operating charges | 66A | €353 | €421 | +€68 | +19.2% |
| Gross operating margin | 9900 | €76,397 | €80,928 | +€4,531 | +5.9% |
| Operating profit (loss) | 9901 | €44,642 | €52,638 | +€7,996 | +17.9% |
| Financial income | 75/76B | €390 | €153 | -€237 | -60.8% |
| Recurring financial income | 75 | €390 | €153 | -€237 | -60.8% |
| Financial charges | 65/66B | €6,331 | €5,858 | -€473 | -7.5% |
| Recurring financial charges | 65 | €6,331 | €5,858 | -€473 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €38,701 | €46,933 | +€8,232 | +21.3% |
| Income taxes | 67/77 | €10,628 | €13,390 | +€2,762 | +26.0% |
| Profit (loss) for the period | 9904 | €28,073 | €33,544 | +€5,470 | +19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,073 | €33,544 | +€5,470 | +19.5% |
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.