PEPPER IT: 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 IT
Largest movements
- Tangible fixed assets -€17,757
down €17,757 (-6.6%), from €267,648 to €249,891
of which Land and buildings: -€14,449
- Current investments +€7,892
up €7,892 (+46.3%), from €17,035 to €24,927
- Debts after one year -€12,392
down €12,392 (-10.3%), from €120,509 to €108,117
- Other debts +€12,390
up €12,390 (+46.4%), from €26,700 to €39,090
- Tax, wage and social debts -€6,768
down €6,768 (-43.5%), from €15,548 to €8,780
- Reserves +€5,503
up €5,503 (+2.7%), from €200,678 to €206,181
- Gross operating margin -€8,512
down €8,512 (-8.7%), from €97,902 to €89,390
- Taxes -€4,000
down €4,000 (-19.0%), from €21,024 to €17,025
- Other operating charges +€3,975
up €3,975 (+479.1%), from €830 to €4,804
- Financial charges -€1,209
down €1,209 (-14.5%), from €8,321 to €7,112
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 | €418,387 | €415,446 | -€2,941 | -0.7% |
| Fixed assets | 21/28 | €267,648 | €249,891 | -€17,757 | -6.6% |
| Tangible fixed assets | 22/27 | €267,648 | €249,891 | -€17,757 | -6.6% |
| Land and buildings | 22 | €258,036 | €243,587 | -€14,449 | -5.6% |
| Plant, machinery and equipment | 23 | €2,340 | €702 | -€1,639 | -70.0% |
| Furniture and vehicles | 24 | €3,763 | €1,936 | -€1,827 | -48.6% |
| Leasing and similar rights | 25 | €3,509 | €2,339 | -€1,170 | -33.3% |
| Other tangible fixed assets | 26 | - | €1,327 | +€1,327 | |
| Current assets | 29/58 | €150,739 | €165,555 | +€14,816 | +9.8% |
| Amounts receivable after more than one year | 29 | €62,125 | €62,125 | = | 0.0% |
| Trade receivables | 290 | - | €62,125 | +€62,125 | |
| Other amounts receivable | 291 | €62,125 | - | -€62,125 | |
| Amounts receivable within one year | 40/41 | €55,328 | €58,338 | +€3,011 | +5.4% |
| Trade receivables | 40 | €18,392 | €22,093 | +€3,701 | +20.1% |
| Other amounts receivable | 41 | €36,936 | €36,245 | -€691 | -1.9% |
| Current investments | 50/53 | €17,035 | €24,927 | +€7,892 | +46.3% |
| Cash at bank and in hand | 54/58 | €16,252 | €19,718 | +€3,466 | +21.3% |
| Deferred charges and accrued income | 490/1 | - | €447 | +€447 | |
| Total equity and liabilities | 10/49 | €418,387 | €415,446 | -€2,941 | -0.7% |
| Equity | 10/15 | €237,514 | €243,017 | +€5,503 | +2.3% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €200,678 | €206,181 | +€5,503 | +2.7% |
| Distributable reserves | 133 | €200,678 | €206,181 | +€5,503 | +2.7% |
| Profit (loss) carried forward | 14 | €28,776 | €28,776 | = | 0.0% |
| Amounts payable | 17/49 | €180,873 | €172,429 | -€8,444 | -4.7% |
| Amounts payable after more than one year | 17 | €120,509 | €108,117 | -€12,392 | -10.3% |
| Financial debts | 170/4 | €120,509 | €108,117 | -€12,392 | -10.3% |
| Amounts payable within one year | 42/48 | €58,898 | €62,745 | +€3,847 | +6.5% |
| Current portion of amounts payable after more than one year | 42 | €14,156 | €12,439 | -€1,717 | -12.1% |
| Trade debts | 44 | €2,494 | €2,436 | -€58 | -2.3% |
| Suppliers | 440/4 | €2,494 | €2,436 | -€58 | -2.3% |
| Taxes, remuneration and social security | 45 | €15,548 | €8,780 | -€6,768 | -43.5% |
| Taxes | 450/3 | €15,548 | €8,780 | -€6,768 | -43.5% |
| Other amounts payable | 47/48 | €26,700 | €39,090 | +€12,390 | +46.4% |
| Accrued charges and deferred income | 492/3 | €1,466 | €1,567 | +€101 | +6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,814 | €19,443 | +€629 | +3.3% |
| Other operating charges | 640/8 | €830 | €4,804 | +€3,975 | +479.1% |
| Gross operating margin | 9900 | €97,902 | €89,390 | -€8,512 | -8.7% |
| Operating profit (loss) | 9901 | €78,258 | €65,143 | -€13,115 | -16.8% |
| Financial income | 75/76B | €3,069 | €2,396 | -€672 | -21.9% |
| Recurring financial income | 75 | €3,069 | €2,396 | -€672 | -21.9% |
| Financial charges | 65/66B | €8,321 | €7,112 | -€1,209 | -14.5% |
| Recurring financial charges | 65 | €8,321 | €7,112 | -€1,209 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €73,006 | €60,428 | -€12,578 | -17.2% |
| Income taxes | 67/77 | €21,024 | €17,025 | -€4,000 | -19.0% |
| Profit (loss) for the period | 9904 | €51,982 | €43,403 | -€8,579 | -16.5% |
| Profit (loss) for the period to be appropriated | 9905 | €51,982 | €43,403 | -€8,579 | -16.5% |
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 9 October 2026 via checked.be.