Publyon: 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.
Publyon
Largest movements
- Receivables within one year +€172,729
up €172,729 (+48.2%), from €358,056 to €530,785
- Current investments +€49,768
new in 2025: €49,768
- Cash +€30,431
up €30,431 (+9.6%), from €318,604 to €349,036
mainly Accrued charges and deferred income (+€145,155) and Net result for the year (+€102,261)
- Deferred charges and accrued income -€11,369
down €11,369 (-62.4%), from €18,218 to €6,849
- Accrued charges and deferred income +€145,155
up €145,155 (+1451.5%), from €10,000 to €155,155
- Reserves +€56,634
up €56,634 (+11.0%), from €517,005 to €573,638
of which Non-distributable reserves: +€49,768
- Trade debts +€49,124
up €49,124 (+46.1%), from €106,672 to €155,797
- Tax, wage and social debts -€23,456
down €23,456 (-20.6%), from €113,748 to €90,292
of which Taxes: -€17,078
- Gross operating margin +€41,567
up €41,567 (+3.5%), from €1.2m to €1.2m
- Staff costs +€35,017
up €35,017 (+3.5%), from €1.0m to €1.0m
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 | €783,360 | €1,010,738 | +€227,378 | +29.0% |
| Fixed assets | 21/28 | €88,482 | €74,300 | -€14,181 | -16.0% |
| Intangible fixed assets | 21 | €17,095 | €9,405 | -€7,690 | -45.0% |
| Tangible fixed assets | 22/27 | €29,002 | €22,511 | -€6,491 | -22.4% |
| Plant, machinery and equipment | 23 | €1,373 | €10,153 | +€8,780 | +639.3% |
| Furniture and vehicles | 24 | €14,841 | €9,233 | -€5,607 | -37.8% |
| Other tangible fixed assets | 26 | €12,788 | €3,124 | -€9,664 | -75.6% |
| Financial fixed assets | 28 | €42,385 | €42,385 | = | 0.0% |
| Current assets | 29/58 | €694,878 | €936,437 | +€241,560 | +34.8% |
| Amounts receivable within one year | 40/41 | €358,056 | €530,785 | +€172,729 | +48.2% |
| Trade receivables | 40 | €358,056 | €530,785 | +€172,729 | +48.2% |
| Current investments | 50/53 | - | €49,768 | +€49,768 | |
| Cash at bank and in hand | 54/58 | €318,604 | €349,036 | +€30,431 | +9.6% |
| Deferred charges and accrued income | 490/1 | €18,218 | €6,849 | -€11,369 | -62.4% |
| Total equity and liabilities | 10/49 | €783,360 | €1,010,738 | +€227,378 | +29.0% |
| Equity | 10/15 | €529,405 | €586,038 | +€56,634 | +10.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €517,005 | €573,638 | +€56,634 | +11.0% |
| Non-distributable reserves | 130/1 | €0 | €49,768 | +€49,768 | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Other | 1319 | - | €49,768 | +€49,768 | |
| Distributable reserves | 133 | €517,005 | €523,870 | +€6,866 | +1.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €253,955 | €424,699 | +€170,745 | +67.2% |
| Amounts payable within one year | 42/48 | €243,955 | €269,545 | +€25,590 | +10.5% |
| Financial debts | 43 | €23,534 | €23,456 | -€78 | -0.3% |
| Credit institutions | 430/8 | €23,534 | €23,456 | -€78 | -0.3% |
| Other loans | 439 | €0 | - | = | |
| Trade debts | 44 | €106,672 | €155,797 | +€49,124 | +46.1% |
| Suppliers | 440/4 | €106,672 | €155,797 | +€49,124 | +46.1% |
| Taxes, remuneration and social security | 45 | €113,748 | €90,292 | -€23,456 | -20.6% |
| Taxes | 450/3 | €27,044 | €9,966 | -€17,078 | -63.1% |
| Remuneration and social security | 454/9 | €86,704 | €80,326 | -€6,378 | -7.4% |
| Accrued charges and deferred income | 492/3 | €10,000 | €155,155 | +€145,155 | +1451.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,012,621 | €1,047,637 | +€35,017 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,255 | €34,706 | -€4,548 | -11.6% |
| Other operating charges | 640/8 | €701 | €579 | -€122 | -17.4% |
| Gross operating margin | 9900 | €1,187,949 | €1,229,515 | +€41,567 | +3.5% |
| Operating profit (loss) | 9901 | €135,373 | €146,593 | +€11,220 | +8.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €2,390 | €2,388 | -€1 | -0.1% |
| Recurring financial charges | 65 | €2,390 | €2,388 | -€1 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €132,983 | €144,205 | +€11,222 | +8.4% |
| Income taxes | 67/77 | €41,729 | €41,944 | +€215 | +0.5% |
| Profit (loss) for the period | 9904 | €91,254 | €102,261 | +€11,006 | +12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €91,254 | €102,261 | +€11,006 | +12.1% |
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 9 October 2026 via checked.be.