AL PEPE NERO: 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.
AL PEPE NERO
Largest movements
- Receivables within one year -€20,064
down €20,064 (-74.7%), from €26,848 to €6,784
of which Other amounts receivable: -€14,019
- Deferred charges and accrued income +€3,953
up €3,953 (+552%), from €716 to €4,669
- Tangible fixed assets -€3,715
down €3,715 (-22.8%), from €16,293 to €12,578
of which Other tangible fixed assets: -€3,550
- Profit (loss) carried forward -€8,931
down €8,931 (-95.5%), from €9,351 to €420
- Trade debts -€5,450
down €5,450 (-54.6%), from €9,984 to €4,534
- Tax, wage and social debts -€4,881
down €4,881 (-37.5%), from €13,026 to €8,145
of which Remuneration and social security: -€3,820
- Gross operating margin -€4,900
down €4,900, from €4,276 to -€624
- Staff costs +€2,366
up €2,366 (+65.7%), from €3,601 to €5,967
- Financial charges +€1,439
up €1,439 (+82.4%), from €1,746 to €3,185
- Other operating charges -€281
down €281 (-11.1%), from €2,532 to €2,252
- Taxes -€116
down €116 (-38.2%), from €304 to €188
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 | €55,046 | €35,724 | -€19,322 | -35.1% |
| Fixed assets | 21/28 | €16,293 | €12,578 | -€3,715 | -22.8% |
| Tangible fixed assets | 22/27 | €16,293 | €12,578 | -€3,715 | -22.8% |
| Furniture and vehicles | 24 | €526 | €361 | -€165 | -31.4% |
| Other tangible fixed assets | 26 | €15,767 | €12,217 | -€3,550 | -22.5% |
| Current assets | 29/58 | €38,753 | €23,146 | -€15,606 | -40.3% |
| Stocks and contracts in progress | 3 | €1,569 | €2,100 | +€531 | +33.8% |
| Stocks | 30/36 | €1,569 | €2,100 | +€531 | +33.8% |
| Amounts receivable within one year | 40/41 | €26,848 | €6,784 | -€20,064 | -74.7% |
| Trade receivables | 40 | €6,045 | - | -€6,045 | |
| Other amounts receivable | 41 | €20,803 | €6,784 | -€14,019 | -67.4% |
| Cash at bank and in hand | 54/58 | €9,620 | €9,593 | -€27 | -0.3% |
| Deferred charges and accrued income | 490/1 | €716 | €4,669 | +€3,953 | +552% |
| Total equity and liabilities | 10/49 | €55,046 | €35,724 | -€19,322 | -35.1% |
| Equity | 10/15 | €27,951 | €19,020 | -€8,931 | -32.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,351 | €420 | -€8,931 | -95.5% |
| Amounts payable | 17/49 | €27,094 | €16,704 | -€10,391 | -38.4% |
| Amounts payable within one year | 42/48 | €27,035 | €16,704 | -€10,332 | -38.2% |
| Trade debts | 44 | €9,984 | €4,534 | -€5,450 | -54.6% |
| Suppliers | 440/4 | €9,984 | €4,534 | -€5,450 | -54.6% |
| Taxes, remuneration and social security | 45 | €13,026 | €8,145 | -€4,881 | -37.5% |
| Taxes | 450/3 | €8,250 | €7,188 | -€1,062 | -12.9% |
| Remuneration and social security | 454/9 | €4,776 | €956 | -€3,820 | -80.0% |
| Other amounts payable | 47/48 | €4,025 | €4,025 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €59 | - | -€59 | |
| Remuneration, social security and pensions | 62 | €3,601 | €5,967 | +€2,366 | +65.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,715 | €3,715 | = | 0.0% |
| Other operating charges | 640/8 | €2,532 | €2,252 | -€281 | -11.1% |
| Gross operating margin | 9900 | €4,276 | -€624 | -€4,900 | |
| Operating profit (loss) | 9901 | -€5,572 | -€12,558 | -€6,986 | -125% |
| Financial income | 75/76B | €6,919 | €7,000 | +€81 | +1.2% |
| Recurring financial income | 75 | €6,919 | €7,000 | +€81 | +1.2% |
| Financial charges | 65/66B | €1,746 | €3,185 | +€1,439 | +82.4% |
| Recurring financial charges | 65 | €1,746 | €3,185 | +€1,439 | +82.4% |
| Profit (loss) for the period before taxes | 9903 | -€399 | -€8,743 | -€8,344 | -2,091% |
| Income taxes | 67/77 | €304 | €188 | -€116 | -38.2% |
| Profit (loss) for the period | 9904 | -€703 | -€8,931 | -€8,228 | -1,170% |
| Profit (loss) for the period to be appropriated | 9905 | -€703 | -€8,931 | -€8,228 | -1,170% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.