JOHN PEPERMANS: 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.
JOHN PEPERMANS
Largest movements
- Current investments -€12,284
down €12,284 (-1.3%), from €930,793 to €918,509
- Profit (loss) carried forward -€11,514
down €11,514 (-5.4%), from €213,632 to €202,118
- Financial charges -€23,559
down €23,559 (-58.4%), from €40,338 to €16,779
- Financial income -€7,758
down €7,758 (-34.9%), from €22,210 to €14,453
- Gross operating margin +€3,056
up €3,056 (+30.9%), from -€9,893 to -€6,837
- Depreciation -€112
down €112 (-24.1%), from €466 to €354
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 | €939,467 | €923,917 | -€15,549 | -1.7% |
| Fixed assets | 21/28 | €354 | €0 | -€354 | -100% |
| Tangible fixed assets | 22/27 | €354 | €0 | -€354 | -100% |
| Furniture and vehicles | 24 | €354 | €0 | -€354 | -100% |
| Current assets | 29/58 | €939,113 | €923,917 | -€15,196 | -1.6% |
| Amounts receivable within one year | 40/41 | €1,270 | €2,432 | +€1,162 | +91.5% |
| Other amounts receivable | 41 | €1,270 | €2,432 | +€1,162 | +91.5% |
| Current investments | 50/53 | €930,793 | €918,509 | -€12,284 | -1.3% |
| Cash at bank and in hand | 54/58 | €7,050 | €2,976 | -€4,074 | -57.8% |
| Total equity and liabilities | 10/49 | €939,467 | €923,917 | -€15,549 | -1.7% |
| Equity | 10/15 | €288,090 | €276,576 | -€11,514 | -4.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €55,858 | €55,858 | = | 0.0% |
| Distributable reserves | 133 | €55,858 | €55,858 | = | 0.0% |
| Profit (loss) carried forward | 14 | €213,632 | €202,118 | -€11,514 | -5.4% |
| Amounts payable | 17/49 | €651,377 | €647,342 | -€4,035 | -0.6% |
| Amounts payable within one year | 42/48 | €651,377 | €647,342 | -€4,035 | -0.6% |
| Trade debts | 44 | €609 | €713 | +€104 | +17.0% |
| Suppliers | 440/4 | €609 | €713 | +€104 | +17.0% |
| Other amounts payable | 47/48 | €650,768 | €646,629 | -€4,139 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €466 | €354 | -€112 | -24.1% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | -€9,893 | -€6,837 | +€3,056 | +30.9% |
| Operating profit (loss) | 9901 | -€10,865 | -€7,711 | +€3,154 | +29.0% |
| Financial income | 75/76B | €22,210 | €14,453 | -€7,758 | -34.9% |
| Recurring financial income | 75 | €22,210 | €14,453 | -€7,758 | -34.9% |
| Financial charges | 65/66B | €40,338 | €16,779 | -€23,559 | -58.4% |
| Recurring financial charges | 65 | €40,338 | €16,779 | -€23,559 | -58.4% |
| Profit (loss) for the period before taxes | 9903 | -€28,992 | -€10,037 | +€18,955 | +65.4% |
| Income taxes | 67/77 | €1,465 | €1,478 | +€13 | +0.9% |
| Profit (loss) for the period | 9904 | -€30,457 | -€11,514 | +€18,943 | +62.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€30,457 | -€11,514 | +€18,943 | +62.2% |
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 25 October 2026 via checked.be.