FOLIO PUB: 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.
FOLIO PUB
Largest movements
- Cash +€41,472
up €41,472 (+21.0%), from €197,429 to €238,901
mainly Net result for the year (+€60,828) and Depreciation (+€40,188)
- Tangible fixed assets -€35,335
down €35,335 (-26.9%), from €131,307 to €95,972
of which Plant, machinery and equipment: -€18,165
- Receivables within one year -€5,879
down €5,879 (-5.4%), from €109,248 to €103,369
of which Other amounts receivable: -€8,740
- Debts after one year -€33,758
down €33,758 (-35.3%), from €95,505 to €61,747
- Reserves +€30,828
up €30,828 (+17.5%), from €176,383 to €207,211
- Other debts +€10,000
up €10,000 (+50.0%), from €20,000 to €30,000
- Gross operating margin +€25,051
up €25,051 (+11.1%), from €226,439 to €251,491
- Taxes +€4,762
up €4,762 (+82.5%), from €5,775 to €10,537
- Staff costs +€4,423
up €4,423 (+3.4%), from €129,537 to €133,961
- Other operating charges -€2,932
down €2,932 (-63.1%), from €4,643 to €1,711
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 | €454,323 | €457,029 | +€2,706 | +0.6% |
| Fixed assets | 21/28 | €131,925 | €96,590 | -€35,335 | -26.8% |
| Tangible fixed assets | 22/27 | €131,307 | €95,972 | -€35,335 | -26.9% |
| Plant, machinery and equipment | 23 | €29,150 | €10,985 | -€18,165 | -62.3% |
| Furniture and vehicles | 24 | €27,623 | €22,827 | -€4,796 | -17.4% |
| Leasing and similar rights | 25 | €74,534 | €62,160 | -€12,374 | -16.6% |
| Financial fixed assets | 28 | €618 | €618 | = | 0.0% |
| Current assets | 29/58 | €322,398 | €360,438 | +€38,041 | +11.8% |
| Stocks and contracts in progress | 3 | €4,352 | €4,656 | +€304 | +7.0% |
| Stocks | 30/36 | €4,352 | €4,656 | +€304 | +7.0% |
| Amounts receivable within one year | 40/41 | €109,248 | €103,369 | -€5,879 | -5.4% |
| Trade receivables | 40 | €100,508 | €103,369 | +€2,861 | +2.8% |
| Other amounts receivable | 41 | €8,740 | - | -€8,740 | |
| Cash at bank and in hand | 54/58 | €197,429 | €238,901 | +€41,472 | +21.0% |
| Deferred charges and accrued income | 490/1 | €11,368 | €13,512 | +€2,144 | +18.9% |
| Total equity and liabilities | 10/49 | €454,323 | €457,029 | +€2,706 | +0.6% |
| Equity | 10/15 | €194,983 | €225,811 | +€30,828 | +15.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €176,383 | €207,211 | +€30,828 | +17.5% |
| Distributable reserves | 133 | €176,383 | €207,211 | +€30,828 | +17.5% |
| Amounts payable | 17/49 | €259,340 | €231,217 | -€28,123 | -10.8% |
| Amounts payable after more than one year | 17 | €95,505 | €61,747 | -€33,758 | -35.3% |
| Financial debts | 170/4 | €95,505 | €61,747 | -€33,758 | -35.3% |
| Amounts payable within one year | 42/48 | €160,289 | €169,405 | +€9,116 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €34,918 | €33,758 | -€1,160 | -3.3% |
| Trade debts | 44 | €86,325 | €87,724 | +€1,400 | +1.6% |
| Suppliers | 440/4 | €86,325 | €87,724 | +€1,400 | +1.6% |
| Taxes, remuneration and social security | 45 | €19,047 | €17,923 | -€1,124 | -5.9% |
| Taxes | 450/3 | €4,872 | €3,620 | -€1,252 | -25.7% |
| Remuneration and social security | 454/9 | €14,175 | €14,303 | +€128 | +0.9% |
| Other amounts payable | 47/48 | €20,000 | €30,000 | +€10,000 | +50.0% |
| Accrued charges and deferred income | 492/3 | €3,546 | €65 | -€3,481 | -98.2% |
| Non-recurring operating income | 76A | - | €100 | +€100 | |
| Remuneration, social security and pensions | 62 | €129,537 | €133,961 | +€4,423 | +3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,951 | €40,188 | +€2,237 | +5.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,910 | - | +€1,910 | |
| Other operating charges | 640/8 | €4,643 | €1,711 | -€2,932 | -63.1% |
| Gross operating margin | 9900 | €226,439 | €251,491 | +€25,051 | +11.1% |
| Operating profit (loss) | 9901 | €56,218 | €75,631 | +€19,413 | +34.5% |
| Financial income | 75/76B | €1,306 | €1,527 | +€222 | +17.0% |
| Recurring financial income | 75 | €1,306 | €1,527 | +€222 | +17.0% |
| Financial charges | 65/66B | €5,767 | €5,793 | +€26 | +0.5% |
| Recurring financial charges | 65 | €5,767 | €5,793 | +€26 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €51,756 | €71,365 | +€19,609 | +37.9% |
| Income taxes | 67/77 | €5,775 | €10,537 | +€4,762 | +82.5% |
| Profit (loss) for the period | 9904 | €45,981 | €60,828 | +€14,847 | +32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €45,981 | €60,828 | +€14,847 | +32.3% |
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 29 October 2026 via checked.be.