PEPERMANS E. en J.: 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.
PEPERMANS E. en J.
Largest movements
- Receivables within one year +€291,442
up €291,442 (+116%), from €252,316 to €543,758
of which Other amounts receivable: +€298,226
- Tangible fixed assets -€149,619
down €149,619 (-100%), from €149,619 to €0
- Cash -€101,548
down €101,548 (-97.2%), from €104,426 to €2,878
mainly Receivables within one year (-€291,442) and Debts after one year (-€112,259)
- Receivables after one year -€12,000
down €12,000 (-100%), from €12,000 to €0
- Deferred charges and accrued income -€7,162
down €7,162 (-96.5%), from €7,424 to €262
- Reserves +€121,971
up €121,971 (+37.5%), from €325,544 to €447,515
of which Distributable reserves: +€121,971
- Debts after one year -€112,259
down €112,259 (-100%), from €112,259 to €0
- Tax, wage and social debts +€11,037
up €11,037 (+83.8%), from €13,175 to €24,212
- Accrued charges and deferred income +€6,000
new in 2025: €6,000
- Trade debts -€5,635
down €5,635 (-63.3%), from €8,896 to €3,261
- Gross operating margin +€146,237
up €146,237 (+1,241%), from €11,784 to €158,021
- Other operating charges +€58,994
up €58,994 (+1,967%), from €2,999 to €61,993
- Taxes +€50,534
up €50,534 (+3,295%), from €1,534 to €52,068
- Write-downs -€46,553
down €46,553 (-374%), from -€12,458 to -€59,012
- Depreciation -€39,553
down €39,553 (-99.8%), from €39,624 to €71
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 | €525,785 | €546,898 | +€21,113 | +4.0% |
| Fixed assets | 21/28 | €149,619 | €0 | -€149,619 | -100% |
| Tangible fixed assets | 22/27 | €149,619 | €0 | -€149,619 | -100% |
| Furniture and vehicles | 24 | €149,619 | €0 | -€149,619 | -100% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €376,165 | €546,898 | +€170,733 | +45.4% |
| Amounts receivable after more than one year | 29 | €12,000 | €0 | -€12,000 | -100% |
| Other amounts receivable | 291 | €12,000 | €0 | -€12,000 | -100% |
| Amounts receivable within one year | 40/41 | €252,316 | €543,758 | +€291,442 | +116% |
| Trade receivables | 40 | €11,016 | €4,232 | -€6,784 | -61.6% |
| Other amounts receivable | 41 | €241,300 | €539,526 | +€298,226 | +124% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €104,426 | €2,878 | -€101,548 | -97.2% |
| Deferred charges and accrued income | 490/1 | €7,424 | €262 | -€7,162 | -96.5% |
| Total equity and liabilities | 10/49 | €525,785 | €546,898 | +€21,113 | +4.0% |
| Equity | 10/15 | €391,454 | €513,424 | +€121,971 | +31.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €325,544 | €447,515 | +€121,971 | +37.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €323,685 | €445,655 | +€121,971 | +37.7% |
| Profit (loss) carried forward | 14 | €47,318 | €47,318 | = | 0.0% |
| Amounts payable | 17/49 | €134,331 | €33,474 | -€100,857 | -75.1% |
| Amounts payable after more than one year | 17 | €112,259 | €0 | -€112,259 | -100% |
| Other amounts payable | 178/9 | €112,259 | €0 | -€112,259 | -100% |
| Amounts payable within one year | 42/48 | €22,071 | €27,474 | +€5,402 | +24.5% |
| Trade debts | 44 | €8,896 | €3,261 | -€5,635 | -63.3% |
| Suppliers | 440/4 | €8,896 | €3,261 | -€5,635 | -63.3% |
| Taxes, remuneration and social security | 45 | €13,175 | €24,212 | +€11,037 | +83.8% |
| Taxes | 450/3 | €13,175 | €24,212 | +€11,037 | +83.8% |
| Accrued charges and deferred income | 492/3 | - | €6,000 | +€6,000 | |
| Non-recurring operating income | 76A | - | €166,017 | +€166,017 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,624 | €71 | -€39,553 | -99.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€12,458 | -€59,012 | -€46,553 | -374% |
| Other operating charges | 640/8 | €2,999 | €61,993 | +€58,994 | +1,967% |
| Gross operating margin | 9900 | €11,784 | €158,021 | +€146,237 | +1,241% |
| Operating profit (loss) | 9901 | -€18,381 | €154,969 | +€173,350 | |
| Financial income | 75/76B | €36,287 | €19,168 | -€17,119 | -47.2% |
| Recurring financial income | 75 | €36,287 | €19,168 | -€17,119 | -47.2% |
| Financial charges | 65/66B | €813 | €99 | -€714 | -87.9% |
| Recurring financial charges | 65 | €813 | €99 | -€714 | -87.9% |
| Profit (loss) for the period before taxes | 9903 | €17,093 | €174,039 | +€156,945 | +918% |
| Income taxes | 67/77 | €1,534 | €52,068 | +€50,534 | +3,295% |
| Profit (loss) for the period | 9904 | €15,559 | €121,971 | +€106,411 | +684% |
| Profit (loss) for the period to be appropriated | 9905 | €15,559 | €121,971 | +€106,411 | +684% |
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 14 October 2026 via checked.be.