PEARL & LANCE PUBLISHING: 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.
PEARL & LANCE PUBLISHING
Largest movements
- Receivables within one year +€67,743
up €67,743 (+295%), from €22,991 to €90,734
of which Other amounts receivable: +€67,949
- Tangible fixed assets -€51,328
down €51,328 (-54.5%), from €94,100 to €42,772
of which Plant, machinery and equipment: -€29,813
- Cash -€21,742
down €21,742 (-55.8%), from €38,977 to €17,236
mainly Receivables within one year (-€67,743) and Contributions, distributions and other (-€57,150)
- Deferred charges and accrued income +€5,097
up €5,097 (+2,937%), from €174 to €5,270
- Other debts +€50,528
up €50,528 (+294%), from €17,198 to €67,725
- Profit (loss) carried forward -€19,963
down €19,963 (-47.1%), from €42,362 to €22,399
- Debts after one year -€17,713
no longer reported in 2025 (was €17,713)
- Trade debts -€16,308
down €16,308 (-56.2%), from €29,023 to €12,715
- Tax, wage and social debts +€8,925
up €8,925 (+215%), from €4,159 to €13,083
of which Taxes: +€12,979
- Taxes +€12,636
up €12,636 (+19,371%), from €65 to €12,701
- Depreciation -€12,398
down €12,398 (-28.0%), from €44,281 to €31,882
- Financial charges -€10,593
down €10,593 (-74.8%), from €14,157 to €3,564
- Staff costs -€10,530
down €10,530 (-36.0%), from €29,244 to €18,714
- Gross operating margin -€3,738
down €3,738 (-3.0%), from €125,472 to €121,734
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 | €156,242 | €156,012 | -€231 | -0.1% |
| Fixed assets | 21/28 | €94,100 | €42,772 | -€51,328 | -54.5% |
| Tangible fixed assets | 22/27 | €94,100 | €42,772 | -€51,328 | -54.5% |
| Plant, machinery and equipment | 23 | €41,944 | €12,131 | -€29,813 | -71.1% |
| Furniture and vehicles | 24 | €7,243 | €9,633 | +€2,390 | +33.0% |
| Leasing and similar rights | 25 | €44,913 | €21,007 | -€23,906 | -53.2% |
| Current assets | 29/58 | €62,142 | €113,240 | +€51,098 | +82.2% |
| Amounts receivable within one year | 40/41 | €22,991 | €90,734 | +€67,743 | +295% |
| Trade receivables | 40 | €14,855 | €14,648 | -€206 | -1.4% |
| Other amounts receivable | 41 | €8,136 | €76,085 | +€67,949 | +835% |
| Cash at bank and in hand | 54/58 | €38,977 | €17,236 | -€21,742 | -55.8% |
| Deferred charges and accrued income | 490/1 | €174 | €5,270 | +€5,097 | +2,937% |
| Total equity and liabilities | 10/49 | €156,242 | €156,012 | -€231 | -0.1% |
| Equity | 10/15 | €62,813 | €42,851 | -€19,963 | -31.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,362 | €22,399 | -€19,963 | -47.1% |
| Amounts payable | 17/49 | €93,429 | €113,161 | +€19,732 | +21.1% |
| Amounts payable after more than one year | 17 | €17,713 | - | -€17,713 | |
| Financial debts | 170/4 | €17,713 | - | -€17,713 | |
| Amounts payable within one year | 42/48 | €75,716 | €113,161 | +€37,445 | +49.5% |
| Current portion of amounts payable after more than one year | 42 | €25,336 | €19,637 | -€5,699 | -22.5% |
| Trade debts | 44 | €29,023 | €12,715 | -€16,308 | -56.2% |
| Suppliers | 440/4 | €29,023 | €12,715 | -€16,308 | -56.2% |
| Taxes, remuneration and social security | 45 | €4,159 | €13,083 | +€8,925 | +215% |
| Taxes | 450/3 | €76 | €13,055 | +€12,979 | +17,049% |
| Remuneration and social security | 454/9 | €4,083 | €28 | -€4,054 | -99.3% |
| Other amounts payable | 47/48 | €17,198 | €67,725 | +€50,528 | +294% |
| Remuneration, social security and pensions | 62 | €29,244 | €18,714 | -€10,530 | -36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,281 | €31,882 | -€12,398 | -28.0% |
| Other operating charges | 640/8 | €1,136 | €2,340 | +€1,204 | +106% |
| Non-recurring operating charges | 66A | - | €16,306 | +€16,306 | |
| Gross operating margin | 9900 | €125,472 | €121,734 | -€3,738 | -3.0% |
| Operating profit (loss) | 9901 | €50,811 | €52,492 | +€1,681 | +3.3% |
| Financial income | 75/76B | €1 | €960 | +€959 | +98,905% |
| Recurring financial income | 75 | €1 | €960 | +€959 | +98,905% |
| Financial charges | 65/66B | €14,157 | €3,564 | -€10,593 | -74.8% |
| Recurring financial charges | 65 | €14,157 | €3,564 | -€10,593 | -74.8% |
| Profit (loss) for the period before taxes | 9903 | €36,655 | €49,889 | +€13,233 | +36.1% |
| Income taxes | 67/77 | €65 | €12,701 | +€12,636 | +19,371% |
| Profit (loss) for the period | 9904 | €36,590 | €37,187 | +€598 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €36,590 | €37,187 | +€598 | +1.6% |
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 30 October 2026 via checked.be.