PEPIJNBRONNEN: what changed
What changed
PEPIJNBRONNEN
NACE 11.070, Manufacture of beverages
filed annual accounts (NBB)
Net result for the year
-€880
2024 · €31,299-€32,179
Equity
€645,156
2024 · €646,036-€880
Cash
€50,343
2024 · €65,567-€15,223
Balance sheet total
€858,688
2024 · €902,822-€44,135
Largest movements
Assets
- Tangible fixed assets -€21,897
down €21,897 (-2.8%), from €787,166 to €765,269
of which Land and buildings: -€24,331
- Cash -€15,223
down €15,223 (-23.2%), from €65,567 to €50,343
mainly Debts after one year (-€30,063) and Tax, wage and social debts (-€6,350)
- Receivables within one year -€11,794
down €11,794 (-25.4%), from €46,508 to €34,714
of which Other amounts receivable: -€11,794
Equity and liabilities
- Debts after one year -€30,063
down €30,063 (-15.9%), from €188,526 to €158,463
Income statement
- Gross operating margin -€49,737
down €49,737 (-56.5%), from €87,967 to €38,230
- Taxes -€6,350
no longer reported in 2025 (was €6,350)
- Depreciation -€3,692
down €3,692 (-12.5%), from €29,589 to €25,897
- Financial charges -€2,986
down €2,986 (-33.5%), from €8,903 to €5,917
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€31,299
Gross operating margin
-€49,737
Depreciation
+€3,692
Other operating charges
-€116
Other operating items
+€4,646
Financial charges
+€2,986
Taxes
+€6,350
Result 2025
-€880
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€17,997
Investment
-€4,000
Financing
-€29,220
Cash 2024
€65,567
From operations (derived)
+€17,997
Net result for the year
-€880
Depreciation
+€25,897
Receivables within one year
+€11,794
Deferred charges and accrued income
-€4,779
Trade debts
-€5,674
Tax, wage and social debts
-€6,350
Other debts
-€811
Accrued charges and deferred income
-€1,200
Investment (derived)
-€4,000
Investment in fixed assets (net)
-€4,000
Financing
-€29,220
Debts after one year
-€30,063
Current portion of long-term debt
+€843
Cash 2025
€50,343
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €902,822 | €858,688 | -€44,135 | -4.9% |
| Fixed assets | 21/28 | €787,166 | €765,269 | -€21,897 | -2.8% |
| Tangible fixed assets | 22/27 | €787,166 | €765,269 | -€21,897 | -2.8% |
| Land and buildings | 22 | €782,934 | €758,604 | -€24,331 | -3.1% |
| Plant, machinery and equipment | 23 | €4,232 | €6,665 | +€2,434 | +57.5% |
| Current assets | 29/58 | €115,657 | €93,419 | -€22,238 | -19.2% |
| Amounts receivable within one year | 40/41 | €46,508 | €34,714 | -€11,794 | -25.4% |
| Trade receivables | 40 | €30,094 | €30,094 | = | 0.0% |
| Other amounts receivable | 41 | €16,414 | €4,620 | -€11,794 | -71.9% |
| Cash at bank and in hand | 54/58 | €65,567 | €50,343 | -€15,223 | -23.2% |
| Deferred charges and accrued income | 490/1 | €3,582 | €8,361 | +€4,779 | +133% |
| Total equity and liabilities | 10/49 | €902,822 | €858,688 | -€44,135 | -4.9% |
| Equity | 10/15 | €646,036 | €645,156 | -€880 | -0.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €386,162 | €386,162 | = | 0.0% |
| Reserves | 13 | €117,814 | €117,814 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13,207 | €13,207 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Other | 1319 | €11,348 | €11,348 | = | 0.0% |
| Tax-exempt reserves | 132 | €6,934 | €6,934 | = | 0.0% |
| Distributable reserves | 133 | €97,673 | €97,673 | = | 0.0% |
| Profit (loss) carried forward | 14 | €123,469 | €122,589 | -€880 | -0.7% |
| Amounts payable | 17/49 | €256,786 | €213,531 | -€43,255 | -16.8% |
| Amounts payable after more than one year | 17 | €188,526 | €158,463 | -€30,063 | -15.9% |
| Financial debts | 170/4 | €188,526 | €158,463 | -€30,063 | -15.9% |
| Amounts payable within one year | 42/48 | €65,680 | €53,689 | -€11,992 | -18.3% |
| Current portion of amounts payable after more than one year | 42 | €29,220 | €30,063 | +€843 | +2.9% |
| Trade debts | 44 | €11,873 | €6,199 | -€5,674 | -47.8% |
| Suppliers | 440/4 | €11,873 | €6,199 | -€5,674 | -47.8% |
| Taxes, remuneration and social security | 45 | €6,350 | - | -€6,350 | |
| Taxes | 450/3 | €6,350 | - | -€6,350 | |
| Other amounts payable | 47/48 | €18,238 | €17,427 | -€811 | -4.4% |
| Accrued charges and deferred income | 492/3 | €2,580 | €1,380 | -€1,200 | -46.5% |
| Non-recurring operating income | 76A | €47,581 | - | -€47,581 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,589 | €25,897 | -€3,692 | -12.5% |
| Other operating charges | 640/8 | €7,181 | €7,297 | +€116 | +1.6% |
| Non-recurring operating charges | 66A | €4,646 | - | -€4,646 | |
| Gross operating margin | 9900 | €87,967 | €38,230 | -€49,737 | -56.5% |
| Operating profit (loss) | 9901 | €46,551 | €5,037 | -€41,515 | -89.2% |
| Financial charges | 65/66B | €8,903 | €5,917 | -€2,986 | -33.5% |
| Recurring financial charges | 65 | €8,903 | €5,917 | -€2,986 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | €37,648 | -€880 | -€38,528 | |
| Income taxes | 67/77 | €6,350 | - | -€6,350 | |
| Profit (loss) for the period | 9904 | €31,299 | -€880 | -€32,179 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,299 | -€880 | -€32,179 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.