PUBLI SCHEPKENS: 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.
PUBLI SCHEPKENS
Largest movements
- Receivables within one year +€53,309
up €53,309 (+11.7%), from €454,681 to €507,990
of which Other amounts receivable: +€29,592
- Cash -€52,748
down €52,748 (-73.8%), from €71,481 to €18,733
mainly Receivables within one year (-€53,309) and Other debts (-€43,000)
- Deferred charges and accrued income -€42,033
down €42,033 (-82.9%), from €50,707 to €8,674
- Tangible fixed assets -€18,461
down €18,461 (-48.0%), from €38,433 to €19,972
of which Furniture and vehicles: -€18,091
- Other debts -€43,000
down €43,000 (-88.7%), from €48,500 to €5,500
- Debts after one year -€17,186
down €17,186 (-66.5%), from €25,841 to €8,655
- Accrued charges and deferred income +€15,960
up €15,960 (+16.0%), from €99,496 to €115,456
- Taxes +€37,767
up €37,767, from -€37,413 to €354
- Gross operating margin -€34,476
down €34,476 (-43.7%), from €78,870 to €44,393
- Staff costs -€3,610
down €3,610 (-11.4%), from €31,584 to €27,974
- Financial charges -€1,884
down €1,884 (-76.9%), from €2,449 to €566
- Other operating charges -€1,699
down €1,699 (-60.8%), from €2,795 to €1,096
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 | €852,470 | €792,539 | -€59,932 | -7.0% |
| Fixed assets | 21/28 | €63,433 | €44,972 | -€18,461 | -29.1% |
| Tangible fixed assets | 22/27 | €38,433 | €19,972 | -€18,461 | -48.0% |
| Plant, machinery and equipment | 23 | €1,129 | €759 | -€370 | -32.7% |
| Furniture and vehicles | 24 | €37,304 | €19,213 | -€18,091 | -48.5% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €789,038 | €747,567 | -€41,471 | -5.3% |
| Amounts receivable within one year | 40/41 | €454,681 | €507,990 | +€53,309 | +11.7% |
| Trade receivables | 40 | €192,718 | €216,435 | +€23,717 | +12.3% |
| Other amounts receivable | 41 | €261,963 | €291,555 | +€29,592 | +11.3% |
| Current investments | 50/53 | €212,169 | €212,169 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €71,481 | €18,733 | -€52,748 | -73.8% |
| Deferred charges and accrued income | 490/1 | €50,707 | €8,674 | -€42,033 | -82.9% |
| Total equity and liabilities | 10/49 | €852,470 | €792,539 | -€59,932 | -7.0% |
| Equity | 10/15 | €643,092 | €638,231 | -€4,861 | -0.8% |
| Reserves | 13 | €547,134 | €547,134 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,539 | €3,539 | = | 0.0% |
| Distributable reserves | 133 | €543,595 | €543,595 | = | 0.0% |
| Profit (loss) carried forward | 14 | €95,958 | €91,097 | -€4,861 | -5.1% |
| Amounts payable | 17/49 | €209,378 | €154,308 | -€55,070 | -26.3% |
| Amounts payable after more than one year | 17 | €25,841 | €8,655 | -€17,186 | -66.5% |
| Financial debts | 170/4 | €25,841 | €8,655 | -€17,186 | -66.5% |
| Amounts payable within one year | 42/48 | €84,042 | €30,197 | -€53,844 | -64.1% |
| Current portion of amounts payable after more than one year | 42 | €17,020 | €17,186 | +€165 | +1.0% |
| Trade debts | 44 | €4,605 | €1,355 | -€3,250 | -70.6% |
| Suppliers | 440/4 | €4,605 | €1,355 | -€3,250 | -70.6% |
| Taxes, remuneration and social security | 45 | €13,916 | €6,156 | -€7,759 | -55.8% |
| Taxes | 450/3 | €12,038 | €3,202 | -€8,835 | -73.4% |
| Remuneration and social security | 454/9 | €1,878 | €2,954 | +€1,076 | +57.3% |
| Other amounts payable | 47/48 | €48,500 | €5,500 | -€43,000 | -88.7% |
| Accrued charges and deferred income | 492/3 | €99,496 | €115,456 | +€15,960 | +16.0% |
| Remuneration, social security and pensions | 62 | €31,584 | €27,974 | -€3,610 | -11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,001 | €18,461 | -€541 | -2.8% |
| Other operating charges | 640/8 | €2,795 | €1,096 | -€1,699 | -60.8% |
| Gross operating margin | 9900 | €78,870 | €44,393 | -€34,476 | -43.7% |
| Operating profit (loss) | 9901 | €25,490 | -€3,137 | -€28,627 | |
| Financial income | 75/76B | €4,654 | €4,695 | +€41 | +0.9% |
| Recurring financial income | 75 | €4,654 | €4,695 | +€41 | +0.9% |
| Financial charges | 65/66B | €2,449 | €566 | -€1,884 | -76.9% |
| Recurring financial charges | 65 | €2,449 | €566 | -€1,884 | -76.9% |
| Profit (loss) for the period before taxes | 9903 | €27,695 | €992 | -€26,702 | -96.4% |
| Income taxes | 67/77 | -€37,413 | €354 | +€37,767 | |
| Profit (loss) for the period | 9904 | €65,108 | €639 | -€64,469 | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €65,108 | €639 | -€64,469 | -99.0% |
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 13 October 2026 via checked.be.