PEPITOR: 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.
PEPITOR
Largest movements
- Receivables within one year -€37,720
down €37,720 (-29.6%), from €127,456 to €89,736
of which Other amounts receivable: -€60,511
- Cash +€3,140
up €3,140 (+529.8%), from €593 to €3,733
mainly Receivables within one year (+€37,720) and Net result for the year (+€31,443)
- Tangible fixed assets -€1,452
down €1,452 (-27.8%), from €5,227 to €3,775
- Other debts -€42,993
down €42,993 (-48.7%), from €88,233 to €45,240
- Profit (loss) carried forward +€5,000
up €5,000 (+47.6%), from €10,500 to €15,500
- Trade debts +€3,886
up €3,886 (+35.4%), from €10,977 to €14,863
- Current portion of long-term debt -€2,537
no longer reported in 2024 (was €2,537)
- Gross operating margin -€17,797
down €17,797 (-27.9%), from €63,725 to €45,929
- Taxes -€4,544
down €4,544 (-29.7%), from €15,278 to €10,735
- Financial charges +€1,482
up €1,482 (+253.3%), from €585 to €2,067
- Financial income -€1,357
down €1,357 (-87.3%), from €1,555 to €198
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €135,875 | €99,844 | -€36,031 | -26.5% |
| Fixed assets | 21/28 | €7,727 | €6,275 | -€1,452 | -18.8% |
| Tangible fixed assets | 22/27 | €5,227 | €3,775 | -€1,452 | -27.8% |
| Furniture and vehicles | 24 | €5,227 | €3,775 | -€1,452 | -27.8% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €128,148 | €93,569 | -€34,579 | -27.0% |
| Amounts receivable within one year | 40/41 | €127,456 | €89,736 | -€37,720 | -29.6% |
| Trade receivables | 40 | €60,043 | €82,835 | +€22,792 | +38.0% |
| Other amounts receivable | 41 | €67,412 | €6,901 | -€60,511 | -89.8% |
| Cash at bank and in hand | 54/58 | €593 | €3,733 | +€3,140 | +529.8% |
| Deferred charges and accrued income | 490/1 | €100 | €100 | +€0 | +0.3% |
| Total equity and liabilities | 10/49 | €135,875 | €99,844 | -€36,031 | -26.5% |
| Equity | 10/15 | €15,000 | €20,000 | +€5,000 | +33.3% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,500 | €15,500 | +€5,000 | +47.6% |
| Amounts payable | 17/49 | €120,875 | €79,844 | -€41,031 | -33.9% |
| Amounts payable within one year | 42/48 | €120,875 | €79,844 | -€41,031 | -33.9% |
| Current portion of amounts payable after more than one year | 42 | €2,537 | - | -€2,537 | |
| Trade debts | 44 | €10,977 | €14,863 | +€3,886 | +35.4% |
| Suppliers | 440/4 | €10,977 | €14,863 | +€3,886 | +35.4% |
| Taxes, remuneration and social security | 45 | €19,128 | €19,741 | +€613 | +3.2% |
| Taxes | 450/3 | €19,128 | €18,301 | -€827 | -4.3% |
| Remuneration and social security | 454/9 | - | €1,440 | +€1,440 | |
| Other amounts payable | 47/48 | €88,233 | €45,240 | -€42,993 | -48.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,563 | €1,452 | -€111 | -7.1% |
| Other operating charges | 640/8 | €75 | €430 | +€355 | +473.0% |
| Gross operating margin | 9900 | €63,725 | €45,929 | -€17,797 | -27.9% |
| Operating profit (loss) | 9901 | €62,088 | €44,047 | -€18,041 | -29.1% |
| Financial income | 75/76B | €1,555 | €198 | -€1,357 | -87.3% |
| Recurring financial income | 75 | €1,555 | €198 | -€1,357 | -87.3% |
| Financial charges | 65/66B | €585 | €2,067 | +€1,482 | +253.3% |
| Recurring financial charges | 65 | €585 | €2,067 | +€1,482 | +253.3% |
| Profit (loss) for the period before taxes | 9903 | €63,058 | €42,178 | -€20,880 | -33.1% |
| Income taxes | 67/77 | €15,278 | €10,735 | -€4,544 | -29.7% |
| Profit (loss) for the period | 9904 | €47,779 | €31,443 | -€16,336 | -34.2% |
| Profit (loss) for the period to be appropriated | 9905 | €47,779 | €31,443 | -€16,336 | -34.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.