Pepinster Prime: 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.
Pepinster Prime
Largest movements
- Tangible fixed assets -€52,022
down €52,022 (-3.6%), from €1.4m to €1.4m
of which Land and buildings: -€49,420
- Debts after one year -€84,728
down €84,728 (-7.8%), from €1.1m to €1.0m
- Trade debts -€28,625
down €28,625 (-89.3%), from €32,069 to €3,444
- Other debts +€21,186
up €21,186 (+10.8%), from €196,000 to €217,186
- Profit (loss) carried forward +€15,044
up €15,044 (+50.5%), from -€29,806 to -€14,762
- Gross operating margin +€101,448
up €101,448 (+283%), from €35,814 to €137,262
- Depreciation +€33,369
up €33,369 (+98.3%), from €33,951 to €67,320
- Financial charges +€17,221
up €17,221 (+71.9%), from €23,958 to €41,179
- Other operating charges +€2,539
up €2,539 (+27.7%), from €9,180 to €11,719
- Financial income -€1,469
no longer reported in 2025 (was €1,469)
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 | €1,454,704 | €1,387,413 | -€67,291 | -4.6% |
| Fixed assets | 21/28 | €1,428,401 | €1,376,379 | -€52,022 | -3.6% |
| Tangible fixed assets | 22/27 | €1,428,401 | €1,376,379 | -€52,022 | -3.6% |
| Land and buildings | 22 | €1,387,639 | €1,338,219 | -€49,420 | -3.6% |
| Plant, machinery and equipment | 23 | €28,894 | €28,737 | -€157 | -0.5% |
| Furniture and vehicles | 24 | €11,868 | €9,422 | -€2,446 | -20.6% |
| Current assets | 29/58 | €26,303 | €11,034 | -€15,269 | -58.0% |
| Amounts receivable within one year | 40/41 | €14,315 | - | -€14,315 | |
| Trade receivables | 40 | €6,020 | - | -€6,020 | |
| Other amounts receivable | 41 | €8,295 | - | -€8,295 | |
| Cash at bank and in hand | 54/58 | €9,589 | €10,541 | +€952 | +9.9% |
| Deferred charges and accrued income | 490/1 | €2,399 | €493 | -€1,906 | -79.4% |
| Total equity and liabilities | 10/49 | €1,454,704 | €1,387,413 | -€67,291 | -4.6% |
| Equity | 10/15 | €60,194 | €77,238 | +€17,044 | +28.3% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Capital | 10 | €90,000 | €90,000 | = | 0.0% |
| Issued capital | 100 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | - | €2,000 | +€2,000 | |
| Non-distributable reserves | 130/1 | - | €2,000 | +€2,000 | |
| Legal reserve | 130 | - | €2,000 | +€2,000 | |
| Profit (loss) carried forward | 14 | -€29,806 | -€14,762 | +€15,044 | +50.5% |
| Amounts payable | 17/49 | €1,394,510 | €1,310,175 | -€84,335 | -6.0% |
| Amounts payable after more than one year | 17 | €1,084,732 | €1,000,004 | -€84,728 | -7.8% |
| Financial debts | 170/4 | €1,084,732 | €1,000,004 | -€84,728 | -7.8% |
| Amounts payable within one year | 42/48 | €309,778 | €310,171 | +€393 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €81,709 | €84,722 | +€3,013 | +3.7% |
| Trade debts | 44 | €32,069 | €3,444 | -€28,625 | -89.3% |
| Suppliers | 440/4 | €32,069 | €3,444 | -€28,625 | -89.3% |
| Taxes, remuneration and social security | 45 | - | €4,820 | +€4,820 | |
| Taxes | 450/3 | - | €4,820 | +€4,820 | |
| Other amounts payable | 47/48 | €196,000 | €217,186 | +€21,186 | +10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,951 | €67,320 | +€33,369 | +98.3% |
| Other operating charges | 640/8 | €9,180 | €11,719 | +€2,539 | +27.7% |
| Gross operating margin | 9900 | €35,814 | €137,262 | +€101,448 | +283% |
| Operating profit (loss) | 9901 | -€7,317 | €58,223 | +€65,540 | |
| Financial income | 75/76B | €1,469 | - | -€1,469 | |
| Recurring financial income | 75 | €1,469 | - | -€1,469 | |
| Financial charges | 65/66B | €23,958 | €41,179 | +€17,221 | +71.9% |
| Recurring financial charges | 65 | €23,958 | €41,179 | +€17,221 | +71.9% |
| Profit (loss) for the period before taxes | 9903 | -€29,806 | €17,044 | +€46,850 | |
| Profit (loss) for the period | 9904 | -€29,806 | €17,044 | +€46,850 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,806 | €17,044 | +€46,850 |
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 27 October 2026 via checked.be.