Pep’s Studio: 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.
Pep’s Studio
Largest movements
- Receivables within one year -€3,740
down €3,740 (-26.5%), from €14,129 to €10,389
of which Other amounts receivable: -€2,436
- Cash +€775
up €775 (+519%), from €149 to €925
mainly Receivables within one year (+€3,740) and Depreciation (+€1,186)
- Tangible fixed assets +€631
up €631 (+32.7%), from €1,931 to €2,562
- Profit (loss) carried forward -€2,594
down €2,594 (-57.8%), from €4,489 to €1,895
- Trade debts +€491
up €491 (+161%), from €304 to €796
- Tax, wage and social debts -€451
down €451 (-12.4%), from €3,622 to €3,171
of which Taxes: -€451
- Gross operating margin -€7,005
down €7,005 (-85.5%), from €8,197 to €1,192
- Taxes -€1,071
down €1,071 (-67.5%), from €1,587 to €516
- Other operating charges -€902
down €902 (-32.6%), from €2,764 to €1,862
- Depreciation +€365
up €365 (+44.4%), from €821 to €1,186
- Financial charges -€234
down €234 (-51.2%), from €457 to €223
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 | €16,209 | €13,876 | -€2,334 | -14.4% |
| Fixed assets | 21/28 | €1,931 | €2,562 | +€631 | +32.7% |
| Tangible fixed assets | 22/27 | €1,931 | €2,562 | +€631 | +32.7% |
| Furniture and vehicles | 24 | €1,931 | €2,562 | +€631 | +32.7% |
| Current assets | 29/58 | €14,278 | €11,313 | -€2,965 | -20.8% |
| Amounts receivable within one year | 40/41 | €14,129 | €10,389 | -€3,740 | -26.5% |
| Trade receivables | 40 | €11,164 | €9,860 | -€1,303 | -11.7% |
| Other amounts receivable | 41 | €2,965 | €528 | -€2,436 | -82.2% |
| Cash at bank and in hand | 54/58 | €149 | €925 | +€775 | +519% |
| Total equity and liabilities | 10/49 | €16,209 | €13,876 | -€2,334 | -14.4% |
| Equity | 10/15 | €7,489 | €4,895 | -€2,594 | -34.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,489 | €1,895 | -€2,594 | -57.8% |
| Amounts payable | 17/49 | €8,720 | €8,981 | +€260 | +3.0% |
| Amounts payable within one year | 42/48 | €8,720 | €8,981 | +€260 | +3.0% |
| Financial debts | 43 | €454 | €560 | +€106 | +23.4% |
| Credit institutions | 430/8 | €454 | €560 | +€106 | +23.4% |
| Trade debts | 44 | €304 | €796 | +€491 | +161% |
| Suppliers | 440/4 | €304 | €796 | +€491 | +161% |
| Taxes, remuneration and social security | 45 | €3,622 | €3,171 | -€451 | -12.4% |
| Taxes | 450/3 | €2,022 | €1,571 | -€451 | -22.3% |
| Remuneration and social security | 454/9 | €1,600 | €1,600 | = | 0.0% |
| Other amounts payable | 47/48 | €4,341 | €4,455 | +€114 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €821 | €1,186 | +€365 | +44.4% |
| Other operating charges | 640/8 | €2,764 | €1,862 | -€902 | -32.6% |
| Gross operating margin | 9900 | €8,197 | €1,192 | -€7,005 | -85.5% |
| Operating profit (loss) | 9901 | €4,613 | -€1,856 | -€6,468 | |
| Financial income | 75/76B | €0 | €1 | +€1 | +210% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +210% |
| Financial charges | 65/66B | €457 | €223 | -€234 | -51.2% |
| Recurring financial charges | 65 | €457 | €223 | -€234 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €4,156 | -€2,078 | -€6,234 | |
| Income taxes | 67/77 | €1,587 | €516 | -€1,071 | -67.5% |
| Profit (loss) for the period | 9904 | €2,569 | -€2,594 | -€5,163 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,569 | -€2,594 | -€5,163 |
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 15 October 2026 via checked.be.