PEPPER PINK: 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 PINK
Largest movements
- Cash -€19,998
down €19,998 (-9.1%), from €220,127 to €200,129
mainly Net result for the year (-€17,075) and Receivables within one year (-€1,702)
- Profit (loss) carried forward -€17,075
down €17,075 (-12.4%), from €137,596 to €120,520
- Gross operating margin -€18,162
down €18,162, from €1,897 to -€16,266
- Taxes -€960
down €960, from €956 to -€4
- Other operating charges +€239
new in 2025: €239
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 | €238,501 | €219,682 | -€18,819 | -7.9% |
| Fixed assets | 21/28 | €1,273 | €750 | -€523 | -41.1% |
| Tangible fixed assets | 22/27 | €523 | €0 | -€523 | -100% |
| Plant, machinery and equipment | 23 | €523 | €0 | -€523 | -100% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €237,228 | €218,932 | -€18,296 | -7.7% |
| Amounts receivable within one year | 40/41 | €11,561 | €13,263 | +€1,702 | +14.7% |
| Trade receivables | 40 | €2,541 | €5,980 | +€3,439 | +135% |
| Other amounts receivable | 41 | €9,020 | €7,283 | -€1,737 | -19.3% |
| Current investments | 50/53 | €5,540 | €5,540 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €220,127 | €200,129 | -€19,998 | -9.1% |
| Total equity and liabilities | 10/49 | €238,501 | €219,682 | -€18,819 | -7.9% |
| Equity | 10/15 | €228,656 | €211,580 | -€17,075 | -7.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | - | -€6,200 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €84,860 | €84,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €83,000 | €83,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €137,596 | €120,520 | -€17,075 | -12.4% |
| Amounts payable | 17/49 | €9,845 | €8,102 | -€1,743 | -17.7% |
| Amounts payable within one year | 42/48 | €9,845 | €8,102 | -€1,743 | -17.7% |
| Trade debts | 44 | €1,612 | €1,126 | -€486 | -30.2% |
| Suppliers | 440/4 | €1,612 | €1,126 | -€486 | -30.2% |
| Taxes, remuneration and social security | 45 | €7,527 | €6,270 | -€1,257 | -16.7% |
| Taxes | 450/3 | €7,527 | €6,270 | -€1,257 | -16.7% |
| Other amounts payable | 47/48 | €706 | €706 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €568 | €523 | -€45 | -7.9% |
| Other operating charges | 640/8 | - | €239 | +€239 | |
| Gross operating margin | 9900 | €1,897 | -€16,266 | -€18,162 | |
| Operating profit (loss) | 9901 | €1,329 | -€17,027 | -€18,356 | |
| Financial income | 75/76B | €159 | €1 | -€159 | -99.7% |
| Recurring financial income | 75 | €159 | €1 | -€159 | -99.7% |
| Financial charges | 65/66B | €46 | €53 | +€7 | +14.7% |
| Recurring financial charges | 65 | €46 | €53 | +€7 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €1,442 | -€17,080 | -€18,521 | |
| Income taxes | 67/77 | €956 | -€4 | -€960 | |
| Profit (loss) for the period | 9904 | €486 | -€17,075 | -€17,561 | |
| Profit (loss) for the period to be appropriated | 9905 | €486 | -€17,075 | -€17,561 |
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 19 October 2026 via checked.be.