PEPERNIPJE: 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.
PEPERNIPJE
Largest movements
- Cash +€31,221
up €31,221 (+26.4%), from €118,059 to €149,279
mainly Depreciation (+€120,193) and Net result for the year (+€58,622)
- Tangible fixed assets -€15,457
down €15,457 (-3.9%), from €397,681 to €382,224
- Reserves +€58,622
up €58,622 (+38.2%), from €153,478 to €212,100
- Debts after one year -€19,288
down €19,288 (-28.5%), from €67,727 to €48,440
- Other debts -€10,575
down €10,575 (-4.5%), from €234,223 to €223,648
- Gross operating margin +€26,649
up €26,649 (+14.1%), from €188,487 to €215,136
- Depreciation +€24,946
up €24,946 (+26.2%), from €95,248 to €120,193
- Financial charges -€16,847
down €16,847 (-84.3%), from €19,993 to €3,146
- Taxes +€4,054
up €4,054 (+16.8%), from €24,132 to €28,186
- Financial income -€3,365
down €3,365 (-98.7%), from €3,408 to €43
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 | €885,742 | €904,372 | +€18,630 | +2.1% |
| Fixed assets | 21/28 | €398,520 | €383,063 | -€15,457 | -3.9% |
| Tangible fixed assets | 22/27 | €397,681 | €382,224 | -€15,457 | -3.9% |
| Land and buildings | 22 | €164,564 | €159,766 | -€4,798 | -2.9% |
| Plant, machinery and equipment | 23 | €205,349 | €201,701 | -€3,647 | -1.8% |
| Furniture and vehicles | 24 | €27,768 | €20,757 | -€7,012 | -25.3% |
| Financial fixed assets | 28 | €839 | €839 | = | 0.0% |
| Current assets | 29/58 | €487,222 | €521,308 | +€34,087 | +7.0% |
| Amounts receivable within one year | 40/41 | €49,583 | €52,311 | +€2,728 | +5.5% |
| Trade receivables | 40 | €48,666 | €52,311 | +€3,644 | +7.5% |
| Other amounts receivable | 41 | €916 | - | -€916 | |
| Current investments | 50/53 | €318,765 | €318,765 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €118,059 | €149,279 | +€31,221 | +26.4% |
| Deferred charges and accrued income | 490/1 | €815 | €953 | +€138 | +16.9% |
| Total equity and liabilities | 10/49 | €885,742 | €904,372 | +€18,630 | +2.1% |
| Equity | 10/15 | €525,679 | €584,301 | +€58,622 | +11.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €153,478 | €212,100 | +€58,622 | +38.2% |
| Distributable reserves | 133 | €153,478 | €212,100 | +€58,622 | +38.2% |
| Profit (loss) carried forward | 14 | €353,609 | €353,609 | = | 0.0% |
| Amounts payable | 17/49 | €360,063 | €320,071 | -€39,992 | -11.1% |
| Amounts payable after more than one year | 17 | €67,727 | €48,440 | -€19,288 | -28.5% |
| Financial debts | 170/4 | €67,727 | €48,440 | -€19,288 | -28.5% |
| Amounts payable within one year | 42/48 | €292,335 | €271,631 | -€20,704 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €18,629 | €19,288 | +€659 | +3.5% |
| Trade debts | 44 | €13,065 | €8,799 | -€4,266 | -32.7% |
| Suppliers | 440/4 | €13,065 | €8,799 | -€4,266 | -32.7% |
| Taxes, remuneration and social security | 45 | €26,419 | €19,896 | -€6,523 | -24.7% |
| Taxes | 450/3 | €26,419 | €19,896 | -€6,523 | -24.7% |
| Other amounts payable | 47/48 | €234,223 | €223,648 | -€10,575 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,248 | €120,193 | +€24,946 | +26.2% |
| Other operating charges | 640/8 | €4,505 | €5,032 | +€527 | +11.7% |
| Gross operating margin | 9900 | €188,487 | €215,136 | +€26,649 | +14.1% |
| Operating profit (loss) | 9901 | €88,734 | €89,911 | +€1,177 | +1.3% |
| Financial income | 75/76B | €3,408 | €43 | -€3,365 | -98.7% |
| Recurring financial income | 75 | €3,408 | €43 | -€3,365 | -98.7% |
| Financial charges | 65/66B | €19,993 | €3,146 | -€16,847 | -84.3% |
| Recurring financial charges | 65 | €19,993 | €3,146 | -€16,847 | -84.3% |
| Profit (loss) for the period before taxes | 9903 | €72,149 | €86,808 | +€14,659 | +20.3% |
| Income taxes | 67/77 | €24,132 | €28,186 | +€4,054 | +16.8% |
| Profit (loss) for the period | 9904 | €48,017 | €58,622 | +€10,605 | +22.1% |
| Profit (loss) for the period to be appropriated | 9905 | €48,017 | €58,622 | +€10,605 | +22.1% |
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.