PEPECO: 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.
PEPECO
Largest movements
- Receivables within one year -€145,879
down €145,879 (-57.9%), from €252,155 to €106,275
of which Trade receivables: -€139,723
- Tangible fixed assets -€31,366
down €31,366 (-20.8%), from €150,938 to €119,572
of which Furniture and vehicles: -€31,432
- Trade debts -€164,344
down €164,344 (-96.6%), from €170,088 to €5,744
- Accrued charges and deferred income +€31,311
up €31,311 (+156.6%), from €20,000 to €51,311
- Debts after one year -€30,011
down €30,011 (-27.9%), from €107,391 to €77,379
- Profit (loss) carried forward +€28,431
up €28,431 (+150.4%), from €18,906 to €47,337
- Other debts -€24,404
down €24,404 (-76.2%), from €32,026 to €7,621
- Gross operating margin +€27,525
up €27,525 (+55.0%), from €50,069 to €77,594
- Depreciation +€13,924
up €13,924 (+66.8%), from €20,857 to €34,781
- Taxes +€2,625
up €2,625 (+52.9%), from €4,961 to €7,585
- Financial charges +€1,385
up €1,385 (+32.5%), from €4,269 to €5,654
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 | €405,885 | €229,990 | -€175,895 | -43.3% |
| Fixed assets | 21/28 | €150,938 | €119,572 | -€31,366 | -20.8% |
| Tangible fixed assets | 22/27 | €150,938 | €119,572 | -€31,366 | -20.8% |
| Plant, machinery and equipment | 23 | €9,378 | €9,443 | +€65 | +0.7% |
| Furniture and vehicles | 24 | €141,560 | €110,128 | -€31,432 | -22.2% |
| Current assets | 29/58 | €254,947 | €110,418 | -€144,529 | -56.7% |
| Amounts receivable within one year | 40/41 | €252,155 | €106,275 | -€145,879 | -57.9% |
| Trade receivables | 40 | €245,885 | €106,162 | -€139,723 | -56.8% |
| Other amounts receivable | 41 | €6,270 | €113 | -€6,156 | -98.2% |
| Cash at bank and in hand | 54/58 | €1,729 | €3,638 | +€1,909 | +110.4% |
| Deferred charges and accrued income | 490/1 | €1,063 | €505 | -€558 | -52.5% |
| Total equity and liabilities | 10/49 | €405,885 | €229,990 | -€175,895 | -43.3% |
| Equity | 10/15 | €21,906 | €50,337 | +€28,431 | +129.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,906 | €47,337 | +€28,431 | +150.4% |
| Amounts payable | 17/49 | €383,979 | €179,653 | -€204,326 | -53.2% |
| Amounts payable after more than one year | 17 | €107,391 | €77,379 | -€30,011 | -27.9% |
| Financial debts | 170/4 | €107,391 | €77,379 | -€30,011 | -27.9% |
| Amounts payable within one year | 42/48 | €256,588 | €50,963 | -€205,626 | -80.1% |
| Current portion of amounts payable after more than one year | 42 | €28,713 | €30,011 | +€1,298 | +4.5% |
| Trade debts | 44 | €170,088 | €5,744 | -€164,344 | -96.6% |
| Suppliers | 440/4 | €170,088 | €5,744 | -€164,344 | -96.6% |
| Taxes, remuneration and social security | 45 | €25,761 | €7,585 | -€18,175 | -70.6% |
| Taxes | 450/3 | €4,961 | €7,585 | +€2,625 | +52.9% |
| Remuneration and social security | 454/9 | €20,800 | - | -€20,800 | |
| Other amounts payable | 47/48 | €32,026 | €7,621 | -€24,404 | -76.2% |
| Accrued charges and deferred income | 492/3 | €20,000 | €51,311 | +€31,311 | +156.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,857 | €34,781 | +€13,924 | +66.8% |
| Other operating charges | 640/8 | €1,084 | €1,142 | +€58 | +5.4% |
| Gross operating margin | 9900 | €50,069 | €77,594 | +€27,525 | +55.0% |
| Operating profit (loss) | 9901 | €28,128 | €41,671 | +€13,543 | +48.1% |
| Financial income | 75/76B | €8 | - | -€8 | |
| Recurring financial income | 75 | €8 | - | -€8 | |
| Financial charges | 65/66B | €4,269 | €5,654 | +€1,385 | +32.5% |
| Recurring financial charges | 65 | €4,269 | €5,654 | +€1,385 | +32.5% |
| Profit (loss) for the period before taxes | 9903 | €23,867 | €36,016 | +€12,150 | +50.9% |
| Income taxes | 67/77 | €4,961 | €7,585 | +€2,625 | +52.9% |
| Profit (loss) for the period | 9904 | €18,906 | €28,431 | +€9,525 | +50.4% |
| Profit (loss) for the period to be appropriated | 9905 | €18,906 | €28,431 | +€9,525 | +50.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.