Pepper Blend: 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 Blend
Largest movements
- Cash -€32,514
down €32,514 (-25.6%), from €127,040 to €94,526
mainly Contributions, distributions and other (-€36,070) and Receivables within one year (-€19,256)
- Receivables within one year +€19,256
up €19,256 (+29.2%), from €65,835 to €85,091
of which Other amounts receivable: +€53,982
- Tangible fixed assets -€16,216
down €16,216 (-59.0%), from €27,463 to €11,247
of which Furniture and vehicles: -€15,935
- Deferred charges and accrued income +€15,854
up €15,854 (+238%), from €6,669 to €22,524
- Other debts +€18,769
up €18,769 (+125%), from €14,956 to €33,725
- Reserves -€18,653
down €18,653 (-18.7%), from €99,595 to €80,942
- Tax, wage and social debts -€16,489
down €16,489 (-87.6%), from €18,834 to €2,345
of which Taxes: -€18,259
- Trade debts +€15,222
up €15,222 (+43.8%), from €34,786 to €50,009
- Advances received -€12,450
down €12,450 (-23.5%), from €52,950 to €40,500
- Gross operating margin +€4,758
up €4,758 (+14.8%), from €32,156 to €36,914
- Other operating charges +€2,731
up €2,731 (+264%), from €1,035 to €3,766
- Taxes -€1,814
down €1,814 (-18.3%), from €9,929 to €8,114
- Financial charges +€1,519
up €1,519 (+73.7%), from €2,060 to €3,579
- Financial income +€1,233
up €1,233 (+261%), from €472 to €1,705
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 | €227,008 | €213,389 | -€13,619 | -6.0% |
| Fixed assets | 21/28 | €27,463 | €11,247 | -€16,216 | -59.0% |
| Tangible fixed assets | 22/27 | €27,463 | €11,247 | -€16,216 | -59.0% |
| Plant, machinery and equipment | 23 | €1,019 | €738 | -€281 | -27.6% |
| Furniture and vehicles | 24 | €26,444 | €10,509 | -€15,935 | -60.3% |
| Current assets | 29/58 | €199,545 | €202,142 | +€2,597 | +1.3% |
| Amounts receivable within one year | 40/41 | €65,835 | €85,091 | +€19,256 | +29.2% |
| Trade receivables | 40 | €57,371 | €22,644 | -€34,726 | -60.5% |
| Other amounts receivable | 41 | €8,465 | €62,447 | +€53,982 | +638% |
| Cash at bank and in hand | 54/58 | €127,040 | €94,526 | -€32,514 | -25.6% |
| Deferred charges and accrued income | 490/1 | €6,669 | €22,524 | +€15,854 | +238% |
| Total equity and liabilities | 10/49 | €227,008 | €213,389 | -€13,619 | -6.0% |
| Equity | 10/15 | €99,596 | €80,943 | -€18,653 | -18.7% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €99,595 | €80,942 | -€18,653 | -18.7% |
| Distributable reserves | 133 | €99,595 | €80,942 | -€18,653 | -18.7% |
| Amounts payable | 17/49 | €127,412 | €132,446 | +€5,034 | +4.0% |
| Amounts payable within one year | 42/48 | €127,412 | €132,446 | +€5,034 | +4.0% |
| Financial debts | 43 | €5,885 | €5,867 | -€19 | -0.3% |
| Credit institutions | 430/8 | €5,885 | €5,867 | -€19 | -0.3% |
| Trade debts | 44 | €34,786 | €50,009 | +€15,222 | +43.8% |
| Suppliers | 440/4 | €34,786 | €50,009 | +€15,222 | +43.8% |
| Advances received on contracts in progress | 46 | €52,950 | €40,500 | -€12,450 | -23.5% |
| Taxes, remuneration and social security | 45 | €18,834 | €2,345 | -€16,489 | -87.6% |
| Taxes | 450/3 | €18,259 | - | -€18,259 | |
| Remuneration and social security | 454/9 | €575 | €2,345 | +€1,770 | +308% |
| Other amounts payable | 47/48 | €14,956 | €33,725 | +€18,769 | +125% |
| Non-recurring operating income | 76A | - | €14,931 | +€14,931 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,494 | €5,743 | +€249 | +4.5% |
| Other operating charges | 640/8 | €1,035 | €3,766 | +€2,731 | +264% |
| Gross operating margin | 9900 | €32,156 | €36,914 | +€4,758 | +14.8% |
| Operating profit (loss) | 9901 | €25,627 | €27,405 | +€1,778 | +6.9% |
| Financial income | 75/76B | €472 | €1,705 | +€1,233 | +261% |
| Recurring financial income | 75 | €472 | €1,705 | +€1,233 | +261% |
| Financial charges | 65/66B | €2,060 | €3,579 | +€1,519 | +73.7% |
| Recurring financial charges | 65 | €2,060 | €3,579 | +€1,519 | +73.7% |
| Profit (loss) for the period before taxes | 9903 | €24,040 | €25,531 | +€1,492 | +6.2% |
| Income taxes | 67/77 | €9,929 | €8,114 | -€1,814 | -18.3% |
| Profit (loss) for the period | 9904 | €14,111 | €17,417 | +€3,306 | +23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €14,111 | €17,417 | +€3,306 | +23.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.