PEPINIERE LE TRY: 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.
PEPINIERE LE TRY
Largest movements
- Tangible fixed assets +€55,730
up €55,730 (+10.5%), from €532,259 to €587,989
of which Plant, machinery and equipment: +€69,136
- Receivables within one year +€8,303
up €8,303 (+667%), from €1,245 to €9,548
- Cash +€8,226
up €8,226 (+12.5%), from €65,730 to €73,956
mainly Trade debts (+€74,877) and Depreciation (+€63,558)
- Trade debts +€74,877
up €74,877 (+251%), from €29,774 to €104,651
- Debts after one year -€30,967
down €30,967 (-12.5%), from €246,764 to €215,797
- Current portion of long-term debt +€16,937
up €16,937 (+36.7%), from €46,152 to €63,089
- Reserves +€9,000
up €9,000 (+23.2%), from €38,860 to €47,860
of which Distributable reserves: +€9,000
- Staff costs +€25,133
up €25,133 (+12.8%), from €195,684 to €220,817
- Gross operating margin +€22,450
up €22,450 (+7.8%), from €286,738 to €309,188
- Depreciation +€9,416
up €9,416 (+17.4%), from €54,142 to €63,558
- Taxes +€5,930
up €5,930 (+370%), from €1,603 to €7,533
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 | €703,827 | €781,359 | +€77,532 | +11.0% |
| Fixed assets | 21/28 | €532,409 | €588,139 | +€55,730 | +10.5% |
| Tangible fixed assets | 22/27 | €532,259 | €587,989 | +€55,730 | +10.5% |
| Land and buildings | 22 | €399,309 | €385,375 | -€13,934 | -3.5% |
| Plant, machinery and equipment | 23 | €109,127 | €178,263 | +€69,136 | +63.4% |
| Furniture and vehicles | 24 | €23,822 | €24,351 | +€529 | +2.2% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €171,418 | €193,220 | +€21,802 | +12.7% |
| Stocks and contracts in progress | 3 | €99,224 | €101,633 | +€2,409 | +2.4% |
| Stocks | 30/36 | €99,224 | €101,633 | +€2,409 | +2.4% |
| Amounts receivable within one year | 40/41 | €1,245 | €9,548 | +€8,303 | +667% |
| Trade receivables | 40 | €1,245 | €9,548 | +€8,303 | +667% |
| Cash at bank and in hand | 54/58 | €65,730 | €73,956 | +€8,226 | +12.5% |
| Deferred charges and accrued income | 490/1 | €5,220 | €8,083 | +€2,863 | +54.9% |
| Total equity and liabilities | 10/49 | €703,827 | €781,359 | +€77,532 | +11.0% |
| Equity | 10/15 | €180,185 | €189,222 | +€9,037 | +5.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,860 | €47,860 | +€9,000 | +23.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €37,000 | €46,000 | +€9,000 | +24.3% |
| Profit (loss) carried forward | 14 | €122,725 | €122,762 | +€37 | 0.0% |
| Amounts payable | 17/49 | €523,642 | €592,137 | +€68,496 | +13.1% |
| Amounts payable after more than one year | 17 | €246,764 | €215,797 | -€30,967 | -12.5% |
| Financial debts | 170/4 | €246,764 | €215,797 | -€30,967 | -12.5% |
| Amounts payable within one year | 42/48 | €274,572 | €370,452 | +€95,880 | +34.9% |
| Current portion of amounts payable after more than one year | 42 | €46,152 | €63,089 | +€16,937 | +36.7% |
| Trade debts | 44 | €29,774 | €104,651 | +€74,877 | +251% |
| Suppliers | 440/4 | €29,774 | €104,651 | +€74,877 | +251% |
| Taxes, remuneration and social security | 45 | €27,883 | €31,648 | +€3,765 | +13.5% |
| Taxes | 450/3 | €5,293 | €11,460 | +€6,167 | +117% |
| Remuneration and social security | 454/9 | €22,590 | €20,188 | -€2,402 | -10.6% |
| Other amounts payable | 47/48 | €170,764 | €171,064 | +€300 | +0.2% |
| Accrued charges and deferred income | 492/3 | €2,306 | €5,888 | +€3,582 | +155% |
| Non-recurring operating income | 76A | - | €3,851 | +€3,851 | |
| Remuneration, social security and pensions | 62 | €195,684 | €220,817 | +€25,133 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,142 | €63,558 | +€9,416 | +17.4% |
| Other operating charges | 640/8 | €1,637 | €1,606 | -€32 | -1.9% |
| Non-recurring operating charges | 66A | €11,813 | - | -€11,813 | |
| Gross operating margin | 9900 | €286,738 | €309,188 | +€22,450 | +7.8% |
| Operating profit (loss) | 9901 | €23,461 | €23,207 | -€254 | -1.1% |
| Financial income | 75/76B | €209 | €1,821 | +€1,612 | +773% |
| Recurring financial income | 75 | €209 | €1,821 | +€1,612 | +773% |
| Financial charges | 65/66B | €9,164 | €8,458 | -€706 | -7.7% |
| Recurring financial charges | 65 | €9,164 | €8,458 | -€706 | -7.7% |
| Profit (loss) for the period before taxes | 9903 | €14,506 | €16,570 | +€2,064 | +14.2% |
| Income taxes | 67/77 | €1,603 | €7,533 | +€5,930 | +370% |
| Profit (loss) for the period | 9904 | €12,903 | €9,037 | -€3,866 | -30.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,903 | €9,037 | -€3,866 | -30.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.