PEPICENTRE: 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.
PEPICENTRE
Largest movements
- Cash +€68,625
up €68,625 (+131.8%), from €52,075 to €120,701
mainly Depreciation (+€26,038) and Net result for the year (+€22,727)
- Tangible fixed assets -€20,474
down €20,474 (-9.4%), from €217,625 to €197,151
of which Other tangible fixed assets: -€18,253
- Receivables within one year -€13,527
down €13,527 (-15.0%), from €90,179 to €76,652
of which Trade receivables: -€13,457
- Profit (loss) carried forward +€22,727
up €22,727 (+47.8%), from €47,560 to €70,287
- Trade debts +€14,192
up €14,192 (+28.5%), from €49,855 to €64,047
- Services and other goods -€463,112
no longer reported in 2025 (was €463,112)
- Other operating income -€170,847
no longer reported in 2025 (was €170,847)
- Gross operating margin +€121,449
new in 2025: €121,449
- Turnover -€8,943
down €8,943 (-2.2%), from €410,600 to €401,657
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 | €359,879 | €394,759 | +€34,880 | +9.7% |
| Fixed assets | 21/28 | €217,625 | €197,151 | -€20,474 | -9.4% |
| Tangible fixed assets | 22/27 | €217,625 | €197,151 | -€20,474 | -9.4% |
| Furniture and vehicles | 24 | €13,852 | €11,631 | -€2,220 | -16.0% |
| Other tangible fixed assets | 26 | €203,773 | €185,520 | -€18,253 | -9.0% |
| Current assets | 29/58 | €142,254 | €197,608 | +€55,354 | +38.9% |
| Amounts receivable within one year | 40/41 | €90,179 | €76,652 | -€13,527 | -15.0% |
| Trade receivables | 40 | €56,109 | €42,652 | -€13,457 | -24.0% |
| Other amounts receivable | 41 | €34,070 | €34,000 | -€70 | -0.2% |
| Cash at bank and in hand | 54/58 | €52,075 | €120,701 | +€68,625 | +131.8% |
| Deferred charges and accrued income | 490/1 | - | €256 | +€256 | |
| Total equity and liabilities | 10/49 | €359,879 | €394,759 | +€34,880 | +9.7% |
| Equity | 10/15 | €157,560 | €180,287 | +€22,727 | +14.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,560 | €70,287 | +€22,727 | +47.8% |
| Amounts payable | 17/49 | €202,318 | €214,472 | +€12,153 | +6.0% |
| Amounts payable after more than one year | 17 | €143,955 | €143,580 | -€375 | -0.3% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Other loans | 174 | €100,000 | - | -€100,000 | |
| Other amounts payable | 178/9 | €43,955 | €43,580 | -€375 | -0.9% |
| Amounts payable within one year | 42/48 | €58,363 | €70,892 | +€12,528 | +21.5% |
| Trade debts | 44 | €49,855 | €64,047 | +€14,192 | +28.5% |
| Suppliers | 440/4 | €49,855 | €64,047 | +€14,192 | +28.5% |
| Taxes, remuneration and social security | 45 | €8,508 | €6,844 | -€1,664 | -19.6% |
| Taxes | 450/3 | €8,508 | €6,844 | -€1,664 | -19.6% |
| Operating income | 70/76A | €581,447 | - | -€581,447 | |
| Turnover | 70 | €410,600 | €401,657 | -€8,943 | -2.2% |
| Other operating income | 74 | €170,847 | - | -€170,847 | |
| Operating charges | 60/66A | €548,841 | - | -€548,841 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €450,435 | +€450,435 | |
| Services and other goods | 61 | €463,112 | - | -€463,112 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,737 | €26,038 | -€699 | -2.6% |
| Other operating charges | 640/8 | €58,992 | €60,932 | +€1,940 | +3.3% |
| Gross operating margin | 9900 | - | €121,449 | +€121,449 | |
| Operating profit (loss) | 9901 | €32,606 | €34,480 | +€1,874 | +5.7% |
| Financial income | 75/76B | €132 | €173 | +€41 | +31.0% |
| Recurring financial income | 75 | €132 | €173 | +€41 | +31.0% |
| Other financial income | 752/9 | €132 | - | -€132 | |
| Financial charges | 65/66B | €4,038 | €3,681 | -€357 | -8.8% |
| Recurring financial charges | 65 | €4,038 | €3,681 | -€357 | -8.8% |
| Debt charges | 650 | €3,456 | - | -€3,456 | |
| Other financial charges | 652/9 | €582 | - | -€582 | |
| Profit (loss) for the period before taxes | 9903 | €28,700 | €30,972 | +€2,272 | +7.9% |
| Income taxes | 67/77 | €7,421 | €8,245 | +€824 | +11.1% |
| Taxes | 670/3 | €7,421 | - | -€7,421 | |
| Profit (loss) for the period | 9904 | €21,279 | €22,727 | +€1,448 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €21,279 | €22,727 | +€1,448 | +6.8% |
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 9 October 2026 via checked.be.