Pepper and Ginger: 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.
Pepper and Ginger
Largest movements
- Tangible fixed assets -€12,229
down €12,229 (-42.2%), from €28,977 to €16,748
of which Other tangible fixed assets: -€9,958
- Cash -€6,114
down €6,114 (-13.2%), from €46,234 to €40,120
mainly Contributions, distributions and other (-€35,000) and Other debts (-€11,821)
- Receivables within one year +€3,412
up €3,412 (+24.9%), from €13,693 to €17,106
of which Trade receivables: +€2,920
- Deferred charges and accrued income +€3,357
up €3,357 (+149%), from €2,250 to €5,607
- Other debts -€11,821
down €11,821 (-23.7%), from €49,847 to €38,026
- Reserves +€2,000
up €2,000 (+18.2%), from €11,000 to €13,000
- Trade debts -€1,993
down €1,993 (-26.0%), from €7,655 to €5,662
- Gross operating margin +€24,648
up €24,648 (+68.7%), from €35,880 to €60,528
- Taxes +€9,122
up €9,122 (+2,364%), from €386 to €9,508
- Financial charges +€770
up €770 (+470%), from €164 to €934
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 | €91,154 | €79,580 | -€11,574 | -12.7% |
| Fixed assets | 21/28 | €28,977 | €16,748 | -€12,229 | -42.2% |
| Tangible fixed assets | 22/27 | €28,977 | €16,748 | -€12,229 | -42.2% |
| Furniture and vehicles | 24 | €7,330 | €5,059 | -€2,271 | -31.0% |
| Other tangible fixed assets | 26 | €21,647 | €11,689 | -€9,958 | -46.0% |
| Current assets | 29/58 | €62,177 | €62,832 | +€655 | +1.1% |
| Amounts receivable within one year | 40/41 | €13,693 | €17,106 | +€3,412 | +24.9% |
| Trade receivables | 40 | €11,579 | €14,499 | +€2,920 | +25.2% |
| Other amounts receivable | 41 | €2,114 | €2,606 | +€492 | +23.3% |
| Cash at bank and in hand | 54/58 | €46,234 | €40,120 | -€6,114 | -13.2% |
| Deferred charges and accrued income | 490/1 | €2,250 | €5,607 | +€3,357 | +149% |
| Total equity and liabilities | 10/49 | €91,154 | €79,580 | -€11,574 | -12.7% |
| Equity | 10/15 | €29,869 | €31,720 | +€1,851 | +6.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,000 | €13,000 | +€2,000 | +18.2% |
| Distributable reserves | 133 | €11,000 | €13,000 | +€2,000 | +18.2% |
| Profit (loss) carried forward | 14 | €269 | €120 | -€149 | -55.3% |
| Amounts payable | 17/49 | €61,285 | €47,860 | -€13,425 | -21.9% |
| Amounts payable within one year | 42/48 | €61,285 | €47,860 | -€13,425 | -21.9% |
| Trade debts | 44 | €7,655 | €5,662 | -€1,993 | -26.0% |
| Suppliers | 440/4 | €7,655 | €5,662 | -€1,993 | -26.0% |
| Taxes, remuneration and social security | 45 | €3,784 | €4,173 | +€389 | +10.3% |
| Taxes | 450/3 | €3,784 | €4,173 | +€389 | +10.3% |
| Other amounts payable | 47/48 | €49,847 | €38,026 | -€11,821 | -23.7% |
| Non-recurring operating income | 76A | - | €42,670 | +€42,670 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,984 | €12,229 | +€245 | +2.0% |
| Other operating charges | 640/8 | €1,624 | €1,050 | -€574 | -35.3% |
| Gross operating margin | 9900 | €35,880 | €60,528 | +€24,648 | +68.7% |
| Operating profit (loss) | 9901 | €22,272 | €47,249 | +€24,977 | +112% |
| Financial income | 75/76B | - | €45 | +€45 | |
| Recurring financial income | 75 | - | €45 | +€45 | |
| Financial charges | 65/66B | €164 | €934 | +€770 | +470% |
| Recurring financial charges | 65 | €164 | €934 | +€770 | +470% |
| Profit (loss) for the period before taxes | 9903 | €22,108 | €46,359 | +€24,252 | +110% |
| Income taxes | 67/77 | €386 | €9,508 | +€9,122 | +2,364% |
| Profit (loss) for the period | 9904 | €21,722 | €36,851 | +€15,129 | +69.6% |
| Profit (loss) for the period to be appropriated | 9905 | €21,722 | €36,851 | +€15,129 | +69.6% |
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 14 October 2026 via checked.be.