PEP: what changed
Two fiscal 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.
PEP
Largest movements
- Cash +€31,655
up €31,655 (+94.7%), from €33,415 to €65,070
mainly Net result for the year (+€34,813)
- Receivables within one year +€2,248
up €2,248 (+15.9%), from €14,100 to €16,348
of which Trade receivables: +€3,548
- Profit (loss) carried forward +€34,813
up €34,813 (+80.7%), from €43,163 to €77,976
- Gross operating margin +€11,391
up €11,391 (+32.5%), from €35,082 to €46,472
- Taxes +€2,122
up €2,122 (+26.4%), from €8,024 to €10,146
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 | €47,792 | €81,706 | +€33,915 | +71.0% |
| Current assets | 29/58 | €47,792 | €81,706 | +€33,915 | +71.0% |
| Amounts receivable within one year | 40/41 | €14,100 | €16,348 | +€2,248 | +15.9% |
| Trade receivables | 40 | €12,100 | €15,648 | +€3,548 | +29.3% |
| Other amounts receivable | 41 | €2,000 | €700 | -€1,300 | -65.0% |
| Cash at bank and in hand | 54/58 | €33,415 | €65,070 | +€31,655 | +94.7% |
| Deferred charges and accrued income | 490/1 | €277 | €288 | +€11 | +4.1% |
| Total equity and liabilities | 10/49 | €47,792 | €81,706 | +€33,915 | +71.0% |
| Equity | 10/15 | €45,663 | €80,476 | +€34,813 | +76.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,163 | €77,976 | +€34,813 | +80.7% |
| Amounts payable | 17/49 | €2,128 | €1,230 | -€898 | -42.2% |
| Amounts payable within one year | 42/48 | €2,128 | €1,230 | -€898 | -42.2% |
| Trade debts | 44 | €398 | - | -€398 | |
| Suppliers | 440/4 | €398 | - | -€398 | |
| Other amounts payable | 47/48 | €1,730 | €1,230 | -€500 | -28.9% |
| Other operating charges | 640/8 | €797 | €838 | +€41 | +5.1% |
| Gross operating margin | 9900 | €35,082 | €46,472 | +€11,391 | +32.5% |
| Operating profit (loss) | 9901 | €34,285 | €45,635 | +€11,350 | +33.1% |
| Financial charges | 65/66B | €327 | €676 | +€349 | +106.8% |
| Recurring financial charges | 65 | €327 | €676 | +€349 | +106.8% |
| Profit (loss) for the period before taxes | 9903 | €33,958 | €44,959 | +€11,001 | +32.4% |
| Income taxes | 67/77 | €8,024 | €10,146 | +€2,122 | +26.4% |
| Profit (loss) for the period | 9904 | €25,934 | €34,813 | +€8,879 | +34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,934 | €34,813 | +€8,879 | +34.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.