GREEN PEPPER: 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.
GREEN PEPPER
Largest movements
- Receivables within one year +€56,532
up €56,532 (+244.5%), from €23,122 to €79,654
of which Trade receivables: +€45,099
- Tangible fixed assets -€45,024
down €45,024 (-2.6%), from €1.7m to €1.7m
of which Land and buildings: -€39,745
- Debts after one year -€86,968
down €86,968 (-5.3%), from €1.6m to €1.6m
- Trade debts +€49,894
up €49,894 (+283.9%), from €17,576 to €67,470
- Reserves +€46,698
up €46,698 (+37.9%), from €123,349 to €170,047
of which Distributable reserves: +€46,698
- Gross operating margin +€30,315
up €30,315 (+17.2%), from €175,763 to €206,077
- Depreciation +€8,773
up €8,773 (+13.8%), from €63,757 to €72,530
- Financial charges +€2,536
up €2,536 (+3.6%), from €70,002 to €72,538
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.
Cash bridge derived
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 | €2,044,154 | €2,059,029 | +€14,875 | +0.7% |
| Fixed assets | 21/28 | €2,012,248 | €1,967,224 | -€45,024 | -2.2% |
| Tangible fixed assets | 22/27 | €1,730,248 | €1,685,224 | -€45,024 | -2.6% |
| Land and buildings | 22 | €1,724,969 | €1,685,224 | -€39,745 | -2.3% |
| Furniture and vehicles | 24 | €5,279 | €0 | -€5,279 | -100.0% |
| Financial fixed assets | 28 | €282,000 | €282,000 | = | 0.0% |
| Current assets | 29/58 | €31,906 | €91,805 | +€59,899 | +187.7% |
| Amounts receivable within one year | 40/41 | €23,122 | €79,654 | +€56,532 | +244.5% |
| Trade receivables | 40 | €21,849 | €66,948 | +€45,099 | +206.4% |
| Other amounts receivable | 41 | €1,273 | €12,706 | +€11,434 | +898.3% |
| Cash at bank and in hand | 54/58 | €5,688 | €10,607 | +€4,919 | +86.5% |
| Deferred charges and accrued income | 490/1 | €3,096 | €1,543 | -€1,553 | -50.2% |
| Total equity and liabilities | 10/49 | €2,044,154 | €2,059,029 | +€14,875 | +0.7% |
| Equity | 10/15 | €141,949 | €188,647 | +€46,698 | +32.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €123,349 | €170,047 | +€46,698 | +37.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €24,078 | €24,078 | = | 0.0% |
| Distributable reserves | 133 | €99,271 | €145,969 | +€46,698 | +47.0% |
| Amounts payable | 17/49 | €1,902,205 | €1,870,382 | -€31,822 | -1.7% |
| Amounts payable after more than one year | 17 | €1,643,663 | €1,556,695 | -€86,968 | -5.3% |
| Financial debts | 170/4 | €1,643,663 | €1,556,695 | -€86,968 | -5.3% |
| Amounts payable within one year | 42/48 | €258,542 | €313,687 | +€55,146 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €93,716 | €86,968 | -€6,748 | -7.2% |
| Trade debts | 44 | €17,576 | €67,470 | +€49,894 | +283.9% |
| Suppliers | 440/4 | €17,576 | €67,470 | +€49,894 | +283.9% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €7,523 | €4,385 | -€3,138 | -41.7% |
| Taxes | 450/3 | €3,457 | €4,385 | +€929 | +26.9% |
| Remuneration and social security | 454/9 | €4,066 | €0 | -€4,066 | -100.0% |
| Other amounts payable | 47/48 | €139,726 | €154,864 | +€15,138 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €63,757 | €72,530 | +€8,773 | +13.8% |
| Other operating charges | 640/8 | €13,451 | €13,964 | +€513 | +3.8% |
| Gross operating margin | 9900 | €175,763 | €206,077 | +€30,315 | +17.2% |
| Operating profit (loss) | 9901 | €98,555 | €119,583 | +€21,029 | +21.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €70,002 | €72,538 | +€2,536 | +3.6% |
| Recurring financial charges | 65 | €70,002 | €72,538 | +€2,536 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €28,552 | €47,045 | +€18,493 | +64.8% |
| Income taxes | 67/77 | €412 | €348 | -€64 | -15.6% |
| Profit (loss) for the period | 9904 | €28,140 | €46,698 | +€18,557 | +65.9% |
| Profit (loss) for the period to be appropriated | 9905 | €28,140 | €46,698 | +€18,557 | +65.9% |
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 11 October 2026 via checked.be.