EL PIPAUMOU: 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.
EL PIPAUMOU
Largest movements
- Tangible fixed assets -€8,637
down €8,637 (-14.9%), from €58,088 to €49,451
of which Furniture and vehicles: -€5,582
- Receivables within one year -€4,777
down €4,777 (-18.2%), from €26,223 to €21,445
of which Other amounts receivable: -€2,871
- Cash +€2,704
up €2,704 (+65.4%), from €4,132 to €6,836
mainly Tax, wage and social debts (+€20,116) and Depreciation (+€10,192)
- Stocks and contracts -€2,475
down €2,475 (-46.5%), from €5,325 to €2,850
- Tax, wage and social debts +€20,116
up €20,116 (+3,309%), from €608 to €20,724
of which Remuneration and social security: +€14,232
- Profit (loss) carried forward -€18,756
down €18,756 (-102%), from -€18,399 to -€37,155
- Debts after one year -€12,186
down €12,186 (-37.5%), from €32,529 to €20,343
- Trade debts -€3,255
down €3,255 (-14.7%), from €22,072 to €18,817
- Other debts +€2,424
up €2,424 (+216%), from €1,120 to €3,543
- Staff costs +€33,613
new in 2025: €33,613
- Gross operating margin +€13,606
up €13,606 (+74.6%), from €18,243 to €31,849
- Financial income -€501
down €501 (-19.6%), from €2,554 to €2,053
- Other operating charges +€400
new in 2025: €400
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 | €97,618 | €84,730 | -€12,888 | -13.2% |
| Fixed assets | 21/28 | €61,758 | €53,121 | -€8,637 | -14.0% |
| Tangible fixed assets | 22/27 | €58,088 | €49,451 | -€8,637 | -14.9% |
| Plant, machinery and equipment | 23 | €19,257 | €16,202 | -€3,055 | -15.9% |
| Furniture and vehicles | 24 | €38,831 | €33,248 | -€5,582 | -14.4% |
| Financial fixed assets | 28 | €3,670 | €3,670 | = | 0.0% |
| Current assets | 29/58 | €35,860 | €31,610 | -€4,251 | -11.9% |
| Stocks and contracts in progress | 3 | €5,325 | €2,850 | -€2,475 | -46.5% |
| Stocks | 30/36 | €5,325 | €2,850 | -€2,475 | -46.5% |
| Amounts receivable within one year | 40/41 | €26,223 | €21,445 | -€4,777 | -18.2% |
| Trade receivables | 40 | €23,352 | €21,445 | -€1,907 | -8.2% |
| Other amounts receivable | 41 | €2,871 | - | -€2,871 | |
| Cash at bank and in hand | 54/58 | €4,132 | €6,836 | +€2,704 | +65.4% |
| Deferred charges and accrued income | 490/1 | €181 | €478 | +€297 | +164% |
| Total equity and liabilities | 10/49 | €97,618 | €84,730 | -€12,888 | -13.2% |
| Equity | 10/15 | €29,425 | €9,118 | -€20,307 | -69.0% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,399 | -€37,155 | -€18,756 | -102% |
| Investment grants | 15 | €7,824 | €6,273 | -€1,551 | -19.8% |
| Amounts payable | 17/49 | €68,194 | €75,612 | +€7,419 | +10.9% |
| Amounts payable after more than one year | 17 | €32,529 | €20,343 | -€12,186 | -37.5% |
| Financial debts | 170/4 | €32,529 | €20,343 | -€12,186 | -37.5% |
| Amounts payable within one year | 42/48 | €35,665 | €55,269 | +€19,604 | +55.0% |
| Current portion of amounts payable after more than one year | 42 | €11,698 | €12,186 | +€488 | +4.2% |
| Trade debts | 44 | €22,072 | €18,817 | -€3,255 | -14.7% |
| Suppliers | 440/4 | €22,072 | €18,817 | -€3,255 | -14.7% |
| Advances received on contracts in progress | 46 | €168 | - | -€168 | |
| Taxes, remuneration and social security | 45 | €608 | €20,724 | +€20,116 | +3,309% |
| Taxes | 450/3 | - | €5,884 | +€5,884 | |
| Remuneration and social security | 454/9 | €608 | €14,840 | +€14,232 | +2,341% |
| Other amounts payable | 47/48 | €1,120 | €3,543 | +€2,424 | +216% |
| Remuneration, social security and pensions | 62 | - | €33,613 | +€33,613 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,217 | €10,192 | -€25 | -0.2% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €18,243 | €31,849 | +€13,606 | +74.6% |
| Operating profit (loss) | 9901 | €8,026 | -€12,356 | -€20,381 | |
| Financial income | 75/76B | €2,554 | €2,053 | -€501 | -19.6% |
| Recurring financial income | 75 | €2,554 | €2,053 | -€501 | -19.6% |
| Financial charges | 65/66B | €8,174 | €8,453 | +€279 | +3.4% |
| Recurring financial charges | 65 | €8,174 | €8,453 | +€279 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €2,405 | -€18,756 | -€21,161 | |
| Profit (loss) for the period | 9904 | €2,405 | -€18,756 | -€21,161 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,405 | -€18,756 | -€21,161 |
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 29 October 2026 via checked.be.