PEPO-13: 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.
PEPO-13
Largest movements
- Cash -€510
no longer reported in 2025 (was €510)
mainly Net result for the year (-€879) and Receivables within one year (-€87)
- Receivables within one year +€87
up €87 (+20.0%), from €435 to €522
- Profit (loss) carried forward -€879
down €879 (-26.4%), from -€3,330 to -€4,208
- Other debts +€455
up €455 (+10.4%), from €4,392 to €4,847
- Other operating charges -€387
no longer reported in 2025 (was €387)
- Gross operating margin -€379
down €379 (-75.7%), from -€500 to -€879
- Purchases and services +€379
up €379 (+75.7%), from €500 to €879
- Financial charges -€280
no longer reported in 2025 (was €280)
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 | €2,062 | €1,638 | -€424 | -20.5% |
| Formation expenses | 20 | €1,117 | €1,117 | = | 0.0% |
| Current assets | 29/58 | €945 | €522 | -€424 | -44.8% |
| Amounts receivable within one year | 40/41 | €435 | €522 | +€87 | +20.0% |
| Other amounts receivable | 41 | €435 | €522 | +€87 | +20.0% |
| Cash at bank and in hand | 54/58 | €510 | - | -€510 | |
| Total equity and liabilities | 10/49 | €2,062 | €1,638 | -€424 | -20.5% |
| Equity | 10/15 | -€2,330 | -€3,208 | -€879 | -37.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,330 | -€4,208 | -€879 | -26.4% |
| Amounts payable | 17/49 | €4,392 | €4,847 | +€455 | +10.4% |
| Amounts payable within one year | 42/48 | €4,392 | €4,847 | +€455 | +10.4% |
| Other amounts payable | 47/48 | €4,392 | €4,847 | +€455 | +10.4% |
| Goods, raw materials, services and sundry goods | 60/61 | €500 | €879 | +€379 | +75.7% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | -€500 | -€879 | -€379 | -75.7% |
| Operating profit (loss) | 9901 | -€887 | -€879 | +€9 | +1.0% |
| Financial charges | 65/66B | €280 | - | -€280 | |
| Recurring financial charges | 65 | €280 | - | -€280 | |
| Profit (loss) for the period before taxes | 9903 | -€1,167 | -€879 | +€288 | +24.7% |
| Profit (loss) for the period | 9904 | -€1,167 | -€879 | +€288 | +24.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,167 | -€879 | +€288 | +24.7% |
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 21 October 2026 via checked.be.