PUPS HOUSSIN: 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.
PUPS HOUSSIN
Largest movements
- Receivables within one year -€40,436
down €40,436 (-76.4%), from €52,951 to €12,515
of which Trade receivables: -€40,766
- Tangible fixed assets -€7,044
down €7,044 (-11.3%), from €62,287 to €55,243
of which Land and buildings: -€8,912
- Deferred charges and accrued income -€3,413
down €3,413 (-83.2%), from €4,103 to €690
- Stocks and contracts -€1,820
down €1,820 (-5.3%), from €34,480 to €32,660
- Trade debts -€42,296
down €42,296 (-51.0%), from €82,960 to €40,664
- Reserves -€12,807
down €12,807 (-23.3%), from €54,915 to €42,109
- Tax, wage and social debts +€2,614
up €2,614 (+8.3%), from €31,506 to €34,120
of which Taxes: +€1,595
- Other operating charges +€43,144
up €43,144 (+1,404%), from €3,072 to €46,216
- Gross operating margin +€36,729
up €36,729 (+36.5%), from €100,727 to €137,455
- Staff costs +€2,325
up €2,325 (+2.7%), from €86,915 to €89,240
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €181,093 | €127,397 | -€53,696 | -29.7% |
| Fixed assets | 21/28 | €62,428 | €55,243 | -€7,185 | -11.5% |
| Tangible fixed assets | 22/27 | €62,287 | €55,243 | -€7,044 | -11.3% |
| Land and buildings | 22 | €53,802 | €44,890 | -€8,912 | -16.6% |
| Plant, machinery and equipment | 23 | €582 | €50 | -€532 | -91.4% |
| Furniture and vehicles | 24 | - | €952 | +€952 | |
| Other tangible fixed assets | 26 | €7,903 | €9,350 | +€1,447 | +18.3% |
| Financial fixed assets | 28 | €141 | €0 | -€141 | -100% |
| Current assets | 29/58 | €118,665 | €72,154 | -€46,511 | -39.2% |
| Stocks and contracts in progress | 3 | €34,480 | €32,660 | -€1,820 | -5.3% |
| Stocks | 30/36 | €34,480 | €32,660 | -€1,820 | -5.3% |
| Amounts receivable within one year | 40/41 | €52,951 | €12,515 | -€40,436 | -76.4% |
| Trade receivables | 40 | €52,874 | €12,108 | -€40,766 | -77.1% |
| Other amounts receivable | 41 | €77 | €407 | +€330 | +429% |
| Cash at bank and in hand | 54/58 | €27,132 | €26,290 | -€842 | -3.1% |
| Deferred charges and accrued income | 490/1 | €4,103 | €690 | -€3,413 | -83.2% |
| Total equity and liabilities | 10/49 | €181,093 | €127,397 | -€53,696 | -29.7% |
| Equity | 10/15 | €61,915 | €49,109 | -€12,807 | -20.7% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €54,915 | €42,109 | -€12,807 | -23.3% |
| Distributable reserves | 133 | €54,915 | €42,109 | -€12,807 | -23.3% |
| Amounts payable | 17/49 | €119,178 | €78,289 | -€40,889 | -34.3% |
| Amounts payable within one year | 42/48 | €118,872 | €78,023 | -€40,849 | -34.4% |
| Trade debts | 44 | €82,960 | €40,664 | -€42,296 | -51.0% |
| Suppliers | 440/4 | €82,960 | €40,664 | -€42,296 | -51.0% |
| Taxes, remuneration and social security | 45 | €31,506 | €34,120 | +€2,614 | +8.3% |
| Taxes | 450/3 | €25,306 | €26,901 | +€1,595 | +6.3% |
| Remuneration and social security | 454/9 | €6,200 | €7,218 | +€1,019 | +16.4% |
| Other amounts payable | 47/48 | €4,407 | €3,239 | -€1,167 | -26.5% |
| Accrued charges and deferred income | 492/3 | €306 | €266 | -€40 | -12.9% |
| Non-recurring operating income | 76A | €362 | €0 | -€362 | -100% |
| Remuneration, social security and pensions | 62 | €86,915 | €89,240 | +€2,325 | +2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,808 | €11,685 | +€878 | +8.1% |
| Other operating charges | 640/8 | €3,072 | €46,216 | +€43,144 | +1,404% |
| Gross operating margin | 9900 | €100,727 | €137,455 | +€36,729 | +36.5% |
| Operating profit (loss) | 9901 | -€68 | -€9,686 | -€9,618 | -14,065% |
| Financial income | 75/76B | €657 | €1,271 | +€614 | +93.6% |
| Recurring financial income | 75 | €657 | €1,271 | +€614 | +93.6% |
| Financial charges | 65/66B | €5,370 | €4,392 | -€978 | -18.2% |
| Recurring financial charges | 65 | €5,370 | €4,392 | -€978 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,782 | -€12,807 | -€8,025 | -168% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€4,782 | -€12,807 | -€8,025 | -168% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,782 | -€12,807 | -€8,025 | -168% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.