Pepa Ceramics: 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.
Pepa Ceramics
Largest movements
- Tangible fixed assets -€4,874
down €4,874 (-17.3%), from €28,143 to €23,269
of which Plant, machinery and equipment: -€2,533
- Stocks and contracts +€2,327
up €2,327 (+200%), from €1,165 to €3,492
- Receivables within one year -€2,266
down €2,266 (-34.9%), from €6,495 to €4,229
of which Trade receivables: -€2,266
- Cash -€1,225
down €1,225 (-17.3%), from €7,080 to €5,855
mainly Net result for the year (-€13,318) and Trade debts (-€4,312)
- Profit (loss) carried forward -€13,318
down €13,318 (-56.1%), from -€23,755 to -€37,073
- Other debts +€11,154
up €11,154 (+18.3%), from €60,925 to €72,080
- Trade debts -€4,312
down €4,312 (-96.7%), from €4,460 to €148
- Tax, wage and social debts +€1,174
up €1,174 (+295%), from €398 to €1,572
- Accrued charges and deferred income -€1,165
down €1,165 (-100%), from €1,165 to €0
- Other operating charges +€91
up €91 (+4.6%), from €1,977 to €2,068
- Financial income +€78
up €78 (+3,047%), from €3 to €81
- Gross operating margin -€67
down €67 (-1.2%), from -€5,792 to -€5,859
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 | €44,193 | €37,726 | -€6,467 | -14.6% |
| Fixed assets | 21/28 | €29,454 | €24,150 | -€5,303 | -18.0% |
| Intangible fixed assets | 21 | €1,311 | €881 | -€430 | -32.8% |
| Tangible fixed assets | 22/27 | €28,143 | €23,269 | -€4,874 | -17.3% |
| Plant, machinery and equipment | 23 | €16,904 | €14,371 | -€2,533 | -15.0% |
| Furniture and vehicles | 24 | €2,470 | €1,365 | -€1,105 | -44.7% |
| Other tangible fixed assets | 26 | €8,769 | €7,533 | -€1,235 | -14.1% |
| Current assets | 29/58 | €14,739 | €13,576 | -€1,163 | -7.9% |
| Stocks and contracts in progress | 3 | €1,165 | €3,492 | +€2,327 | +200% |
| Stocks | 30/36 | €1,165 | €3,492 | +€2,327 | +200% |
| Amounts receivable within one year | 40/41 | €6,495 | €4,229 | -€2,266 | -34.9% |
| Trade receivables | 40 | €2,295 | €29 | -€2,266 | -98.7% |
| Other amounts receivable | 41 | €4,200 | €4,200 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €7,080 | €5,855 | -€1,225 | -17.3% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €44,193 | €37,726 | -€6,467 | -14.6% |
| Equity | 10/15 | -€22,755 | -€36,073 | -€13,318 | -58.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,755 | -€37,073 | -€13,318 | -56.1% |
| Amounts payable | 17/49 | €66,948 | €73,800 | +€6,851 | +10.2% |
| Amounts payable within one year | 42/48 | €65,783 | €73,800 | +€8,016 | +12.2% |
| Trade debts | 44 | €4,460 | €148 | -€4,312 | -96.7% |
| Suppliers | 440/4 | €4,460 | €148 | -€4,312 | -96.7% |
| Taxes, remuneration and social security | 45 | €398 | €1,572 | +€1,174 | +295% |
| Taxes | 450/3 | €398 | €1,572 | +€1,174 | +295% |
| Other amounts payable | 47/48 | €60,925 | €72,080 | +€11,154 | +18.3% |
| Accrued charges and deferred income | 492/3 | €1,165 | €0 | -€1,165 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,303 | €5,303 | = | 0.0% |
| Other operating charges | 640/8 | €1,977 | €2,068 | +€91 | +4.6% |
| Non-recurring operating charges | 66A | €964 | €0 | -€964 | -100% |
| Gross operating margin | 9900 | -€5,792 | -€5,859 | -€67 | -1.2% |
| Operating profit (loss) | 9901 | -€14,035 | -€13,230 | +€805 | +5.7% |
| Financial income | 75/76B | €3 | €81 | +€78 | +3,047% |
| Recurring financial income | 75 | €3 | €81 | +€78 | +3,047% |
| Financial charges | 65/66B | €151 | €169 | +€17 | +11.5% |
| Recurring financial charges | 65 | €151 | €169 | +€17 | +11.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,184 | -€13,318 | +€866 | +6.1% |
| Profit (loss) for the period | 9904 | -€14,184 | -€13,318 | +€866 | +6.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,184 | -€13,318 | +€866 | +6.1% |
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.