PUBLI-SCHOUPPE: what changed
PUBLI-SCHOUPPE
Largest movements
- Receivables within one year +€15,623
up €15,623 (+104%), from €14,979 to €30,602
- Cash -€5,079
down €5,079 (-13.0%), from €39,135 to €34,055
mainly Receivables within one year (-€15,623) and Other debts (-€4,810)
- Reserves +€12,487
up €12,487 (+34.8%), from €35,927 to €48,414
of which Distributable reserves: +€12,685
- Other debts -€4,810
down €4,810 (-40.3%), from €11,931 to €7,121
- Trade debts +€1,646
up €1,646 (+81.2%), from €2,028 to €3,673
- Gross operating margin +€17,962
up €17,962 (+448%), from €4,010 to €21,972
- Taxes +€4,946
up €4,946 (+850%), from €582 to €5,527
- Depreciation -€246
down €246 (-29.6%), from €831 to €585
- Financial charges +€236
up €236 (+136%), from €174 to €410
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €75,573 | €85,446 | +€9,873 | +13.1% |
| Fixed assets | 21/28 | €15,799 | €15,004 | -€795 | -5.0% |
| Tangible fixed assets | 22/27 | €15,589 | €15,004 | -€585 | -3.8% |
| Land and buildings | 22 | €13,946 | €13,946 | = | 0.0% |
| Plant, machinery and equipment | 23 | €55 | €0 | -€55 | -100% |
| Furniture and vehicles | 24 | €1,589 | €1,058 | -€531 | -33.4% |
| Financial fixed assets | 28 | €210 | €0 | -€210 | -100% |
| Current assets | 29/58 | €59,775 | €70,443 | +€10,668 | +17.8% |
| Stocks and contracts in progress | 3 | €5,662 | €5,786 | +€124 | +2.2% |
| Stocks | 30/36 | €5,662 | €5,786 | +€124 | +2.2% |
| Amounts receivable within one year | 40/41 | €14,979 | €30,602 | +€15,623 | +104% |
| Trade receivables | 40 | €14,979 | €30,602 | +€15,623 | +104% |
| Cash at bank and in hand | 54/58 | €39,135 | €34,055 | -€5,079 | -13.0% |
| Total equity and liabilities | 10/49 | €75,573 | €85,446 | +€9,873 | +13.1% |
| Equity | 10/15 | €54,527 | €67,014 | +€12,487 | +22.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €35,927 | €48,414 | +€12,487 | +34.8% |
| Tax-exempt reserves | 132 | €198 | €0 | -€198 | -100% |
| Distributable reserves | 133 | €35,729 | €48,414 | +€12,685 | +35.5% |
| Amounts payable | 17/49 | €21,046 | €18,433 | -€2,614 | -12.4% |
| Amounts payable within one year | 42/48 | €21,046 | €18,433 | -€2,614 | -12.4% |
| Trade debts | 44 | €2,028 | €3,673 | +€1,646 | +81.2% |
| Suppliers | 440/4 | €2,028 | €3,673 | +€1,646 | +81.2% |
| Taxes, remuneration and social security | 45 | €7,087 | €7,638 | +€551 | +7.8% |
| Taxes | 450/3 | €7,087 | €7,638 | +€551 | +7.8% |
| Other amounts payable | 47/48 | €11,931 | €7,121 | -€4,810 | -40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €831 | €585 | -€246 | -29.6% |
| Other operating charges | 640/8 | €2,909 | €3,002 | +€93 | +3.2% |
| Non-recurring operating charges | 66A | €594 | €0 | -€594 | -100% |
| Gross operating margin | 9900 | €4,010 | €21,972 | +€17,962 | +448% |
| Operating profit (loss) | 9901 | -€325 | €18,384 | +€18,709 | |
| Financial income | 75/76B | €247 | €40 | -€207 | -83.8% |
| Recurring financial income | 75 | €247 | €40 | -€207 | -83.8% |
| Financial charges | 65/66B | €174 | €410 | +€236 | +136% |
| Recurring financial charges | 65 | €174 | €410 | +€236 | +136% |
| Profit (loss) for the period before taxes | 9903 | -€252 | €18,014 | +€18,266 | |
| Transfer from deferred taxes | 780 | - | €198 | +€198 | |
| Income taxes | 67/77 | €582 | €5,527 | +€4,946 | +850% |
| Profit (loss) for the period | 9904 | -€833 | €12,685 | +€13,518 | |
| Profit (loss) for the period to be appropriated | 9905 | -€833 | €12,685 | +€13,518 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.