PEPE: 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.
PEPE
Largest movements
- Receivables within one year +€13,617
up €13,617 (+157.3%), from €8,657 to €22,274
of which Other amounts receivable: +€13,916
- Profit (loss) carried forward +€12,985
up €12,985 (+24.1%), from €53,967 to €66,952
- Trade debts +€2,215
up €2,215 (+101.0%), from €2,194 to €4,409
- Gross operating margin -€2,594
down €2,594 (-15.4%), from €16,791 to €14,197
- Other operating charges -€1,780
down €1,780 (-65.5%), from €2,718 to €938
- Financial income +€483
up €483 (+9.2%), from €5,226 to €5,709
- Taxes +€347
up €347 (+6.6%), from €5,257 to €5,603
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,657 | €142,736 | +€14,078 | +10.9% |
| Current assets | 29/58 | €128,657 | €142,736 | +€14,078 | +10.9% |
| Amounts receivable after more than one year | 29 | €120,000 | €120,000 | = | 0.0% |
| Other amounts receivable | 291 | €120,000 | €120,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,657 | €22,274 | +€13,617 | +157.3% |
| Trade receivables | 40 | €300 | €0 | -€300 | -100.0% |
| Other amounts receivable | 41 | €8,358 | €22,274 | +€13,916 | +166.5% |
| Deferred charges and accrued income | 490/1 | - | €462 | +€462 | |
| Total equity and liabilities | 10/49 | €128,657 | €142,736 | +€14,078 | +10.9% |
| Equity | 10/15 | €112,129 | €125,114 | +€12,985 | +11.6% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €18,162 | €18,162 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €18,162 | €18,162 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,967 | €66,952 | +€12,985 | +24.1% |
| Amounts payable | 17/49 | €16,528 | €17,622 | +€1,093 | +6.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €16,528 | €17,622 | +€1,093 | +6.6% |
| Financial debts | 43 | €2,462 | €2,326 | -€136 | -5.5% |
| Credit institutions | 430/8 | €2,462 | €2,326 | -€136 | -5.5% |
| Trade debts | 44 | €2,194 | €4,409 | +€2,215 | +101.0% |
| Suppliers | 440/4 | €2,194 | €4,409 | +€2,215 | +101.0% |
| Taxes, remuneration and social security | 45 | €11,675 | €10,886 | -€789 | -6.8% |
| Taxes | 450/3 | €11,675 | €10,886 | -€789 | -6.8% |
| Other amounts payable | 47/48 | €197 | €0 | -€197 | -100.0% |
| Non-recurring operating income | 76A | €2,276 | €0 | -€2,276 | -100.0% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Other operating charges | 640/8 | €2,718 | €938 | -€1,780 | -65.5% |
| Gross operating margin | 9900 | €16,791 | €14,197 | -€2,594 | -15.4% |
| Operating profit (loss) | 9901 | €14,073 | €13,259 | -€814 | -5.8% |
| Financial income | 75/76B | €5,226 | €5,709 | +€483 | +9.2% |
| Recurring financial income | 75 | €5,226 | €5,709 | +€483 | +9.2% |
| Financial charges | 65/66B | €266 | €379 | +€114 | +42.8% |
| Recurring financial charges | 65 | €266 | €379 | +€114 | +42.8% |
| Profit (loss) for the period before taxes | 9903 | €19,033 | €18,588 | -€445 | -2.3% |
| Income taxes | 67/77 | €5,257 | €5,603 | +€347 | +6.6% |
| Profit (loss) for the period | 9904 | €13,777 | €12,985 | -€792 | -5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,777 | €12,985 | -€792 | -5.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.