PEPITE: what changed
Two fiscal 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.
PEPITE
Largest movements
- Stocks and contracts +€2,514
up €2,514 (+19.0%), from €13,258 to €15,771
- Tangible fixed assets -€1,933
down €1,933 (-20.2%), from €9,589 to €7,656
of which Other tangible fixed assets: -€1,175
- Cash -€307
down €307 (-29.6%), from €1,040 to €732
mainly Net result for the year (-€16,648) and Stocks and contracts (-€2,514)
- Profit (loss) carried forward -€16,648
down €16,648 (-10.0%), from -€166,359 to -€183,006
- Other debts +€8,943
up €8,943 (+5.8%), from €153,535 to €162,477
- Trade debts +€4,975
up €4,975 (+59.0%), from €8,432 to €13,408
- Tax, wage and social debts +€3,003
up €3,003 (+31.0%), from €9,678 to €12,681
of which Taxes: +€3,877
- Gross operating margin -€5,508
down €5,508, from €3,181 to -€2,327
- Staff costs -€4,426
down €4,426 (-34.8%), from €12,731 to €8,305
- Financial charges -€485
down €485 (-13.6%), from €3,561 to €3,076
- Other operating charges +€220
up €220 (+29.3%), from €751 to €971
- Depreciation +€176
up €176 (+10.0%), from €1,757 to €1,933
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 | €23,886 | €24,159 | +€273 | +1.1% |
| Fixed assets | 21/28 | €9,589 | €7,656 | -€1,933 | -20.2% |
| Tangible fixed assets | 22/27 | €9,589 | €7,656 | -€1,933 | -20.2% |
| Furniture and vehicles | 24 | €1,976 | €1,218 | -€758 | -38.4% |
| Other tangible fixed assets | 26 | €7,613 | €6,438 | -€1,175 | -15.4% |
| Current assets | 29/58 | €14,297 | €16,503 | +€2,206 | +15.4% |
| Stocks and contracts in progress | 3 | €13,258 | €15,771 | +€2,514 | +19.0% |
| Stocks | 30/36 | €13,258 | €15,771 | +€2,514 | +19.0% |
| Cash at bank and in hand | 54/58 | €1,040 | €732 | -€307 | -29.6% |
| Total equity and liabilities | 10/49 | €23,886 | €24,159 | +€273 | +1.1% |
| Equity | 10/15 | -€147,759 | -€164,406 | -€16,648 | -11.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€166,359 | -€183,006 | -€16,648 | -10.0% |
| Amounts payable | 17/49 | €171,645 | €188,566 | +€16,921 | +9.9% |
| Amounts payable within one year | 42/48 | €171,645 | €188,566 | +€16,921 | +9.9% |
| Trade debts | 44 | €8,432 | €13,408 | +€4,975 | +59.0% |
| Suppliers | 440/4 | €8,432 | €13,408 | +€4,975 | +59.0% |
| Taxes, remuneration and social security | 45 | €9,678 | €12,681 | +€3,003 | +31.0% |
| Taxes | 450/3 | €8,375 | €12,251 | +€3,877 | +46.3% |
| Remuneration and social security | 454/9 | €1,304 | €430 | -€874 | -67.1% |
| Other amounts payable | 47/48 | €153,535 | €162,477 | +€8,943 | +5.8% |
| Remuneration, social security and pensions | 62 | €12,731 | €8,305 | -€4,426 | -34.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,757 | €1,933 | +€176 | +10.0% |
| Other operating charges | 640/8 | €751 | €971 | +€220 | +29.3% |
| Gross operating margin | 9900 | €3,181 | -€2,327 | -€5,508 | |
| Operating profit (loss) | 9901 | -€12,058 | -€13,537 | -€1,479 | -12.3% |
| Financial income | 75/76B | €0 | €106 | +€106 | +1064000.0% |
| Recurring financial income | 75 | €0 | €106 | +€106 | +1064000.0% |
| Financial charges | 65/66B | €3,561 | €3,076 | -€485 | -13.6% |
| Recurring financial charges | 65 | €3,561 | €3,076 | -€485 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | -€15,619 | -€16,507 | -€887 | -5.7% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€15,759 | -€16,648 | -€889 | -5.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,759 | -€16,648 | -€889 | -5.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.