EDITIONS DUPUIS: 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.
What changed
EDITIONS DUPUIS
NACE 58.110, Book publishing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€4.6m
2024 · -€5.8m+€1.1m
Equity
-€6.7m
2024 · -€2.0m-€4.6m
Cash
€525,413
2024 · €698,005-€172,592
Balance sheet total
€79.4m
2024 · €67.3m+€12.2m
Largest movements
Assets
- Financial fixed assets +€9.5m
up €9.5m (+28.3%), from €33.6m to €43.1m
of which Companies linked by participating interests: +€12.5m
- Receivables within one year +€1.6m
up €1.6m (+6.1%), from €26.0m to €27.6m
of which Trade receivables: +€2.3m
- Intangible fixed assets +€1.2m
up €1.2m (+192%), from €645,822 to €1.9m
Equity and liabilities
- Other debts +€20.5m
up €20.5m (+46.8%), from €43.8m to €64.4m
- Profit (loss) carried forward -€4.5m
down €4.5m (-25.2%), from -€18.0m to -€22.5m
- Trade debts -€3.0m
down €3.0m (-13.8%), from €22.0m to €19.0m
Income statement
- Other operating income -€2.2m
down €2.2m (-40.1%), from €5.6m to €3.4m
- Financial income +€1.4m
up €1.4m (+164%), from €855,645 to €2.3m
of which Non-recurring financial income: +€743,366
- Services and other goods -€1.4m
down €1.4m (-5.9%), from €23.7m to €22.3m
- Staff costs -€1.3m
down €1.3m (-20.4%), from €6.2m to €4.9m
- Financial charges +€1.2m
up €1.2m (+18.6%), from €6.4m to €7.6m
of which Non-recurring financial charges: +€1.3m
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.
Result 2024
-€5.8m
Turnover
-€157,089
Other operating income
-€2.2m
Goods and materials
-€541,715
Services and other goods
+€1.4m
Staff costs
+€1.3m
Depreciation
-€247,883
Write-downs
-€88,823
Provisions
+€188,766
Other operating charges
+€85,844
Other operating items
+€1.5m
Financial income
+€1.4m
Financial charges
-€1.2m
Taxes
-€252,748
Result 2025
-€4.6m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€11.1m
Investment
-€11.2m
Financing
€0
Cash 2024
€698,005
From operations (derived)
+€11.1m
Net result for the year
-€4.6m
Depreciation
+€853,786
Stocks and contracts
-€487,255
Receivables within one year
-€1.6m
Deferred charges and accrued income
+€115,490
Provisions
-€82,817
Trade debts
-€3.0m
Tax, wage and social debts
-€105,792
Advances received
-€41,791
Other debts
+€20.5m
Accrued charges and deferred income
-€448,364
Investment (derived)
-€11.2m
Investment in fixed assets (net)
-€11.2m
Cash 2025
€525,413
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67,260,265 | €79,410,738 | +€12.2m | +18.1% |
| Fixed assets | 21/28 | €35,085,374 | €45,455,545 | +€10.4m | +29.6% |
| Intangible fixed assets | 21 | €645,822 | €1,884,015 | +€1.2m | +192% |
| Tangible fixed assets | 22/27 | €842,842 | €451,270 | -€391,572 | -46.5% |
| Land and buildings | 22 | €395,103 | €342,037 | -€53,067 | -13.4% |
| Plant, machinery and equipment | 23 | €280,377 | €78,579 | -€201,797 | -72.0% |
| Furniture and vehicles | 24 | €162,490 | €30,654 | -€131,836 | -81.1% |
| Other tangible fixed assets | 26 | €4,872 | - | -€4,872 | |
| Financial fixed assets | 28 | €33,596,710 | €43,120,261 | +€9.5m | +28.3% |
| Affiliated companies | 280/1 | €5,210,750 | €1,818,172 | -€3.4m | -65.1% |
| Participating interests | 280 | €5,210,750 | €1,818,172 | -€3.4m | -65.1% |
| Companies linked by participating interests | 282/3 | €27,893,955 | €40,368,872 | +€12.5m | +44.7% |
| Participating interests | 282 | €6,471,821 | €8,364,007 | +€1.9m | +29.2% |
| Amounts receivable | 283 | €21,422,134 | €32,004,865 | +€10.6m | +49.4% |
| Other financial fixed assets | 284/8 | €492,005 | €933,217 | +€441,212 | +89.7% |
| Shares | 284 | €475,153 | €915,880 | +€440,727 | +92.8% |
| Amounts receivable and cash guarantees | 285/8 | €16,852 | €17,337 | +€485 | +2.9% |
| Current assets | 29/58 | €32,174,891 | €33,955,193 | +€1.8m | +5.5% |
| Stocks and contracts in progress | 3 | €4,816,197 | €5,303,452 | +€487,255 | +10.1% |
| Stocks | 30/36 | €4,816,197 | €5,303,452 | +€487,255 | +10.1% |
| Raw materials and consumables | 30/31 | €0 | €0 | = | |
| Work in progress | 32 | €817,343 | €757,398 | -€59,945 | -7.3% |
| Finished goods | 33 | €3,998,854 | €4,546,055 | +€547,200 | +13.7% |
| Amounts receivable within one year | 40/41 | €26,027,491 | €27,608,620 | +€1.6m | +6.1% |
| Trade receivables | 40 | €24,956,183 | €27,242,436 | +€2.3m | +9.2% |
| Other amounts receivable | 41 | €1,071,308 | €366,184 | -€705,124 | -65.8% |
| Cash at bank and in hand | 54/58 | €698,005 | €525,413 | -€172,592 | -24.7% |
| Deferred charges and accrued income | 490/1 | €633,199 | €517,708 | -€115,490 | -18.2% |
| Total equity and liabilities | 10/49 | €67,260,265 | €79,410,738 | +€12.2m | +18.1% |
| Equity | 10/15 | -€2,035,385 | -€6,670,782 | -€4.6m | -228% |
| Contributions | 10/11 | €14,533,282 | €14,533,282 | = | 0.0% |
| Capital | 10 | €10,168,510 | €10,168,510 | = | 0.0% |
| Issued capital | 100 | €10,168,510 | €10,168,510 | = | 0.0% |
| Contributions outside capital | 11 | €4,364,772 | €4,364,772 | = | 0.0% |
| Share premium | 1100/10 | €4,364,772 | €4,364,772 | = | 0.0% |
| Reserves | 13 | €1,401,926 | €1,291,862 | -€110,065 | -7.9% |
| Non-distributable reserves | 130/1 | €1,016,851 | €1,016,851 | = | 0.0% |
| Legal reserve | 130 | €1,016,851 | €1,016,851 | = | 0.0% |
| Tax-exempt reserves | 132 | €385,075 | €275,011 | -€110,065 | -28.6% |
| Profit (loss) carried forward | 14 | -€17,970,594 | -€22,495,925 | -€4.5m | -25.2% |
| Provisions and deferred taxes | 16 | €194,355 | €111,537 | -€82,817 | -42.6% |
| Provisions for liabilities and charges | 160/5 | €194,355 | €111,537 | -€82,817 | -42.6% |
| Pensions and similar obligations | 160 | €90,303 | €71,537 | -€18,766 | -20.8% |
| Environmental obligations | 163 | - | €40,000 | +€40,000 | |
| Other liabilities and charges | 164/5 | €104,051 | - | -€104,051 | |
| Amounts payable | 17/49 | €69,101,296 | €85,969,983 | +€16.9m | +24.4% |
| Amounts payable within one year | 42/48 | €68,326,877 | €85,643,928 | +€17.3m | +25.3% |
| Trade debts | 44 | €22,017,440 | €18,972,315 | -€3.0m | -13.8% |
| Suppliers | 440/4 | €22,017,440 | €18,972,315 | -€3.0m | -13.8% |
| Advances received on contracts in progress | 46 | €1,347,326 | €1,305,535 | -€41,791 | -3.1% |
| Taxes, remuneration and social security | 45 | €1,117,453 | €1,011,662 | -€105,792 | -9.5% |
| Taxes | 450/3 | €180,560 | €164,013 | -€16,547 | -9.2% |
| Remuneration and social security | 454/9 | €936,893 | €847,649 | -€89,244 | -9.5% |
| Other amounts payable | 47/48 | €43,844,657 | €64,354,416 | +€20.5m | +46.8% |
| Accrued charges and deferred income | 492/3 | €774,419 | €326,055 | -€448,364 | -57.9% |
| Operating income | 70/76A | €41,145,364 | €40,349,131 | -€796,234 | -1.9% |
| Turnover | 70 | €37,249,359 | €37,092,270 | -€157,089 | -0.4% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€1,714,504 | -€218,544 | +€1.5m | +87.3% |
| Other operating income | 74 | €5,596,678 | €3,353,656 | -€2.2m | -40.1% |
| Non-recurring operating income | 76A | €13,832 | €121,749 | +€107,917 | +780% |
| Operating charges | 60/66A | €41,712,089 | €39,761,430 | -€2.0m | -4.7% |
| Goods for resale, raw materials and consumables | 60 | €9,278,124 | €9,819,840 | +€541,715 | +5.8% |
| Purchases | 600/8 | €9,278,124 | €9,819,840 | +€541,715 | +5.8% |
| Services and other goods | 61 | €23,728,176 | €22,329,218 | -€1.4m | -5.9% |
| Remuneration, social security and pensions | 62 | €6,150,360 | €4,898,575 | -€1.3m | -20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €605,903 | €853,786 | +€247,883 | +40.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,003,281 | €1,092,104 | +€88,823 | +8.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €105,949 | -€82,817 | -€188,766 | |
| Other operating charges | 640/8 | €811,046 | €725,202 | -€85,844 | -10.6% |
| Non-recurring operating charges | 66A | €29,250 | €125,523 | +€96,273 | +329% |
| Operating profit (loss) | 9901 | -€566,724 | €587,700 | +€1.2m | |
| Financial income | 75/76B | €855,645 | €2,256,430 | +€1.4m | +164% |
| Recurring financial income | 75 | €638,645 | €1,296,064 | +€657,419 | +103% |
| Income from financial fixed assets | 750 | €835 | €40,845 | +€40,010 | +4,792% |
| Income from current assets | 751 | €629,350 | €1,253,381 | +€624,031 | +99.2% |
| Other financial income | 752/9 | €8,460 | €1,837 | -€6,623 | -78.3% |
| Non-recurring financial income | 76B | €217,000 | €960,366 | +€743,366 | +343% |
| Financial charges | 65/66B | €6,374,469 | €7,561,304 | +€1.2m | +18.6% |
| Recurring financial charges | 65 | €2,112,549 | €2,040,304 | -€72,244 | -3.4% |
| Debt charges | 650 | €1,896,732 | €1,997,467 | +€100,735 | +5.3% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals) | 651 | €161,143 | -€74 | -€161,217 | |
| Other financial charges | 652/9 | €54,674 | €42,912 | -€11,762 | -21.5% |
| Non-recurring financial charges | 66B | €4,261,920 | €5,521,000 | +€1.3m | +29.5% |
| Profit (loss) for the period before taxes | 9903 | -€6,085,549 | -€4,717,174 | +€1.4m | +22.5% |
| Income taxes | 67/77 | -€334,525 | -€81,778 | +€252,748 | +75.6% |
| Taxes | 670/3 | €15,629 | €5,570 | -€10,058 | -64.4% |
| Tax adjustments and reversals of tax provisions | 77 | €350,154 | €87,348 | -€262,806 | -75.1% |
| Profit (loss) for the period | 9904 | -€5,751,023 | -€4,635,396 | +€1.1m | +19.4% |
| Transfer from tax-exempt reserves | 789 | €110,065 | €110,065 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€5,640,959 | -€4,525,332 | +€1.1m | +19.8% |
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 31 October 2026 via checked.be.