Het Pippertje: 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.
Het Pippertje
Largest movements
- Cash +€99,820
up €99,820 (+91.4%), from €109,180 to €208,999
mainly Net result for the year (+€105,319) and Tax, wage and social debts (+€72,613)
- Receivables within one year +€20,383
up €20,383 (+24.3%), from €83,841 to €104,224
of which Other amounts receivable: +€42,598
- Tangible fixed assets +€10,240
up €10,240 (+8.0%), from €128,447 to €138,688
of which Other tangible fixed assets: +€20,094
- Tax, wage and social debts +€72,613
up €72,613 (+181%), from €40,122 to €112,736
of which Remuneration and social security: +€57,850
- Reserves +€55,319
up €55,319 (+59.2%), from €93,498 to €148,818
- Other debts +€7,433
up €7,433 (+14.3%), from €52,001 to €59,435
- Debts after one year -€6,225
down €6,225 (-5.6%), from €110,654 to €104,429
- Staff costs +€72,777
up €72,777 (+27.1%), from €268,482 to €341,258
- Gross operating margin +€20,138
up €20,138 (+4.3%), from €470,291 to €490,429
- Taxes -€5,605
down €5,605 (-20.1%), from €27,905 to €22,300
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 | €329,320 | €458,643 | +€129,323 | +39.3% |
| Fixed assets | 21/28 | €135,399 | €145,183 | +€9,784 | +7.2% |
| Intangible fixed assets | 21 | €915 | €459 | -€456 | -49.8% |
| Tangible fixed assets | 22/27 | €128,447 | €138,688 | +€10,240 | +8.0% |
| Land and buildings | 22 | €120,126 | €109,410 | -€10,716 | -8.9% |
| Plant, machinery and equipment | 23 | €4,991 | €3,661 | -€1,330 | -26.7% |
| Furniture and vehicles | 24 | €1,164 | €3,356 | +€2,192 | +188% |
| Other tangible fixed assets | 26 | €2,167 | €22,261 | +€20,094 | +927% |
| Financial fixed assets | 28 | €6,036 | €6,036 | = | 0.0% |
| Current assets | 29/58 | €193,922 | €313,460 | +€119,539 | +61.6% |
| Amounts receivable within one year | 40/41 | €83,841 | €104,224 | +€20,383 | +24.3% |
| Trade receivables | 40 | €33,152 | €10,937 | -€22,215 | -67.0% |
| Other amounts receivable | 41 | €50,689 | €93,287 | +€42,598 | +84.0% |
| Cash at bank and in hand | 54/58 | €109,180 | €208,999 | +€99,820 | +91.4% |
| Deferred charges and accrued income | 490/1 | €901 | €236 | -€664 | -73.7% |
| Total equity and liabilities | 10/49 | €329,320 | €458,643 | +€129,323 | +39.3% |
| Equity | 10/15 | €112,098 | €167,418 | +€55,319 | +49.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €93,498 | €148,818 | +€55,319 | +59.2% |
| Distributable reserves | 133 | €93,498 | €148,818 | +€55,319 | +59.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €217,222 | €291,226 | +€74,004 | +34.1% |
| Amounts payable after more than one year | 17 | €110,654 | €104,429 | -€6,225 | -5.6% |
| Financial debts | 170/4 | €110,654 | €104,429 | -€6,225 | -5.6% |
| Amounts payable within one year | 42/48 | €106,568 | €186,796 | +€80,229 | +75.3% |
| Current portion of amounts payable after more than one year | 42 | €5,995 | €5,810 | -€186 | -3.1% |
| Trade debts | 44 | €8,449 | €8,817 | +€368 | +4.4% |
| Suppliers | 440/4 | €8,449 | €8,817 | +€368 | +4.4% |
| Taxes, remuneration and social security | 45 | €40,122 | €112,736 | +€72,613 | +181% |
| Taxes | 450/3 | €25,487 | €40,251 | +€14,764 | +57.9% |
| Remuneration and social security | 454/9 | €14,635 | €72,485 | +€57,850 | +395% |
| Other amounts payable | 47/48 | €52,001 | €59,435 | +€7,433 | +14.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €268,482 | €341,258 | +€72,777 | +27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,395 | €16,228 | +€833 | +5.4% |
| Other operating charges | 640/8 | €1,701 | €3,299 | +€1,599 | +94.0% |
| Gross operating margin | 9900 | €470,291 | €490,429 | +€20,138 | +4.3% |
| Operating profit (loss) | 9901 | €184,714 | €129,644 | -€55,069 | -29.8% |
| Financial income | 75/76B | €20 | €44 | +€24 | +117% |
| Recurring financial income | 75 | €20 | €44 | +€24 | +117% |
| Financial charges | 65/66B | €2,415 | €2,069 | -€346 | -14.3% |
| Recurring financial charges | 65 | €2,415 | €2,069 | -€346 | -14.3% |
| Profit (loss) for the period before taxes | 9903 | €182,319 | €127,619 | -€54,700 | -30.0% |
| Income taxes | 67/77 | €27,905 | €22,300 | -€5,605 | -20.1% |
| Profit (loss) for the period | 9904 | €154,414 | €105,319 | -€49,095 | -31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €154,414 | €105,319 | -€49,095 | -31.8% |
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.