PEPA SOLUTIONS: 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 SOLUTIONS
Largest movements
- Tangible fixed assets -€18,385
down €18,385 (-4.6%), from €398,333 to €379,948
of which Land and buildings: -€17,593
- Receivables within one year +€5,887
up €5,887 (+47.4%), from €12,406 to €18,293
- Debts after one year -€19,380
down €19,380 (-6.3%), from €309,248 to €289,868
- Other operating charges -€2,643
down €2,643 (-57.3%), from €4,613 to €1,969
- Depreciation +€1,145
up €1,145 (+6.1%), from €18,835 to €19,980
- Taxes +€420
up €420 (+13.0%), from €3,241 to €3,661
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 | €493,730 | €479,181 | -€14,549 | -2.9% |
| Fixed assets | 21/28 | €398,333 | €379,948 | -€18,385 | -4.6% |
| Tangible fixed assets | 22/27 | €398,333 | €379,948 | -€18,385 | -4.6% |
| Land and buildings | 22 | €386,036 | €368,444 | -€17,593 | -4.6% |
| Plant, machinery and equipment | 23 | €4,801 | €5,674 | +€873 | +18.2% |
| Furniture and vehicles | 24 | €7,496 | €5,830 | -€1,666 | -22.2% |
| Current assets | 29/58 | €95,397 | €99,233 | +€3,836 | +4.0% |
| Amounts receivable within one year | 40/41 | €12,406 | €18,293 | +€5,887 | +47.4% |
| Trade receivables | 40 | €12,406 | €18,293 | +€5,887 | +47.4% |
| Cash at bank and in hand | 54/58 | €82,991 | €80,940 | -€2,051 | -2.5% |
| Total equity and liabilities | 10/49 | €493,730 | €479,181 | -€14,549 | -2.9% |
| Equity | 10/15 | €144,383 | €149,006 | +€4,623 | +3.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €18,308 | €22,931 | +€4,623 | +25.2% |
| Distributable reserves | 133 | €18,308 | €22,931 | +€4,623 | +25.2% |
| Profit (loss) carried forward | 14 | €125,975 | €125,975 | = | 0.0% |
| Amounts payable | 17/49 | €349,347 | €330,175 | -€19,172 | -5.5% |
| Amounts payable after more than one year | 17 | €309,248 | €289,868 | -€19,380 | -6.3% |
| Financial debts | 170/4 | €309,248 | €289,868 | -€19,380 | -6.3% |
| Amounts payable within one year | 42/48 | €40,099 | €40,307 | +€208 | +0.5% |
| Current portion of amounts payable after more than one year | 42 | €22,247 | €22,680 | +€433 | +1.9% |
| Trade debts | 44 | €2,320 | €801 | -€1,519 | -65.5% |
| Suppliers | 440/4 | €2,320 | €801 | -€1,519 | -65.5% |
| Taxes, remuneration and social security | 45 | €10,630 | €13,161 | +€2,531 | +23.8% |
| Taxes | 450/3 | €10,630 | €13,161 | +€2,531 | +23.8% |
| Other amounts payable | 47/48 | €4,902 | €3,665 | -€1,237 | -25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,835 | €19,980 | +€1,145 | +6.1% |
| Other operating charges | 640/8 | €4,613 | €1,969 | -€2,643 | -57.3% |
| Gross operating margin | 9900 | €38,064 | €38,028 | -€37 | -0.1% |
| Operating profit (loss) | 9901 | €14,617 | €16,079 | +€1,462 | +10.0% |
| Financial charges | 65/66B | €8,051 | €7,795 | -€256 | -3.2% |
| Recurring financial charges | 65 | €8,051 | €7,795 | -€256 | -3.2% |
| Profit (loss) for the period before taxes | 9903 | €6,566 | €8,284 | +€1,718 | +26.2% |
| Income taxes | 67/77 | €3,241 | €3,661 | +€420 | +13.0% |
| Profit (loss) for the period | 9904 | €3,325 | €4,623 | +€1,298 | +39.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,325 | €4,623 | +€1,298 | +39.0% |
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.