PEPERMANS FRANCIS: 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 FRANCIS
Largest movements
- Tangible fixed assets -€8,366
down €8,366 (-57.4%), from €14,574 to €6,208
of which Furniture and vehicles: -€7,512
- Cash +€6,090
up €6,090 (+13.8%), from €44,066 to €50,155
mainly Depreciation (+€9,565) and Net result for the year (+€3,430)
- Receivables within one year +€4,372
new in 2025: €4,372
- Reserves +€3,430
up €3,430 (+4.4%), from €78,363 to €81,793
- Current portion of long-term debt -€3,037
no longer reported in 2025 (was €3,037)
- Other debts +€2,564
new in 2025: €2,564
- Gross operating margin -€16,467
down €16,467 (-50.0%), from €32,911 to €16,443
- Taxes -€4,675
down €4,675 (-55.7%), from €8,387 to €3,712
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 | €108,609 | €111,446 | +€2,837 | +2.6% |
| Fixed assets | 21/28 | €14,574 | €6,208 | -€8,366 | -57.4% |
| Tangible fixed assets | 22/27 | €14,574 | €6,208 | -€8,366 | -57.4% |
| Plant, machinery and equipment | 23 | €2,916 | €2,061 | -€854 | -29.3% |
| Furniture and vehicles | 24 | €11,659 | €4,147 | -€7,512 | -64.4% |
| Current assets | 29/58 | €94,035 | €105,238 | +€11,203 | +11.9% |
| Amounts receivable after more than one year | 29 | €16,656 | €16,656 | = | 0.0% |
| Other amounts receivable | 291 | €16,656 | €16,656 | = | 0.0% |
| Amounts receivable within one year | 40/41 | - | €4,372 | +€4,372 | |
| Other amounts receivable | 41 | - | €4,372 | +€4,372 | |
| Current investments | 50/53 | €30,000 | €30,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €44,066 | €50,155 | +€6,090 | +13.8% |
| Deferred charges and accrued income | 490/1 | €3,313 | €4,054 | +€741 | +22.4% |
| Total equity and liabilities | 10/49 | €108,609 | €111,446 | +€2,837 | +2.6% |
| Equity | 10/15 | €101,206 | €104,636 | +€3,430 | +3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €78,363 | €81,793 | +€3,430 | +4.4% |
| Distributable reserves | 133 | €78,363 | €81,793 | +€3,430 | +4.4% |
| Profit (loss) carried forward | 14 | €4,243 | €4,243 | = | 0.0% |
| Amounts payable | 17/49 | €7,403 | €6,810 | -€593 | -8.0% |
| Amounts payable within one year | 42/48 | €7,403 | €6,810 | -€593 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €3,037 | - | -€3,037 | |
| Trade debts | 44 | €150 | €347 | +€197 | +132% |
| Suppliers | 440/4 | €150 | €347 | +€197 | +132% |
| Taxes, remuneration and social security | 45 | €4,217 | €3,900 | -€317 | -7.5% |
| Taxes | 450/3 | €4,217 | €3,900 | -€317 | -7.5% |
| Other amounts payable | 47/48 | - | €2,564 | +€2,564 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,403 | €9,565 | +€162 | +1.7% |
| Other operating charges | 640/8 | €752 | €780 | +€28 | +3.8% |
| Gross operating margin | 9900 | €32,911 | €16,443 | -€16,467 | -50.0% |
| Operating profit (loss) | 9901 | €22,756 | €6,098 | -€16,658 | -73.2% |
| Financial income | 75/76B | €874 | €1,160 | +€286 | +32.7% |
| Recurring financial income | 75 | €874 | €1,160 | +€286 | +32.7% |
| Financial charges | 65/66B | €168 | €116 | -€52 | -30.9% |
| Recurring financial charges | 65 | €168 | €116 | -€52 | -30.9% |
| Profit (loss) for the period before taxes | 9903 | €23,462 | €7,142 | -€16,320 | -69.6% |
| Income taxes | 67/77 | €8,387 | €3,712 | -€4,675 | -55.7% |
| Profit (loss) for the period | 9904 | €15,075 | €3,430 | -€11,645 | -77.2% |
| Profit (loss) for the period to be appropriated | 9905 | €15,075 | €3,430 | -€11,645 | -77.2% |
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 31 October 2026 via checked.be.