PEPPERFORM: what changed
Two fiscal 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.
PEPPERFORM
Largest movements
- Tangible fixed assets -€12,994
down €12,994 (-25.5%), from €50,978 to €37,984
of which Leasing and similar rights: -€11,004
- Receivables within one year -€5,441
down €5,441 (-15.2%), from €35,838 to €30,397
of which Trade receivables: -€6,790
- Cash +€4,451
up €4,451 (+8.0%), from €55,605 to €60,057
mainly Net result for the year (+€66,803) and Depreciation (+€14,605)
- Debts after one year -€11,186
down €11,186 (-23.0%), from €48,535 to €37,349
- Other debts -€7,613
down €7,613 (-10.0%), from €76,184 to €68,571
- Short-term financial debts +€5,740
new in 2025: €5,740
No income-statement line moved by more than 1% of the activity.
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 | €158,970 | €145,855 | -€13,115 | -8.3% |
| Fixed assets | 21/28 | €50,978 | €37,984 | -€12,994 | -25.5% |
| Tangible fixed assets | 22/27 | €50,978 | €37,984 | -€12,994 | -25.5% |
| Plant, machinery and equipment | 23 | €9,230 | €7,802 | -€1,428 | -15.5% |
| Furniture and vehicles | 24 | €2,313 | €1,752 | -€561 | -24.3% |
| Leasing and similar rights | 25 | €39,435 | €28,430 | -€11,004 | -27.9% |
| Current assets | 29/58 | €107,992 | €107,871 | -€121 | -0.1% |
| Amounts receivable within one year | 40/41 | €35,838 | €30,397 | -€5,441 | -15.2% |
| Trade receivables | 40 | €33,323 | €26,533 | -€6,790 | -20.4% |
| Other amounts receivable | 41 | €2,515 | €3,863 | +€1,349 | +53.6% |
| Cash at bank and in hand | 54/58 | €55,605 | €60,057 | +€4,451 | +8.0% |
| Deferred charges and accrued income | 490/1 | €16,549 | €17,418 | +€869 | +5.2% |
| Total equity and liabilities | 10/49 | €158,970 | €145,855 | -€13,115 | -8.3% |
| Equity | 10/15 | €18,600 | €18,600 | = | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €140,370 | €127,255 | -€13,115 | -9.3% |
| Amounts payable after more than one year | 17 | €48,535 | €37,349 | -€11,186 | -23.0% |
| Financial debts | 170/4 | €48,535 | €37,349 | -€11,186 | -23.0% |
| Amounts payable within one year | 42/48 | €90,307 | €88,589 | -€1,718 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €10,705 | €11,186 | +€481 | +4.5% |
| Financial debts | 43 | - | €5,740 | +€5,740 | |
| Credit institutions | 430/8 | - | €5,740 | +€5,740 | |
| Trade debts | 44 | €3,418 | €2,412 | -€1,007 | -29.4% |
| Suppliers | 440/4 | €3,418 | €2,412 | -€1,007 | -29.4% |
| Taxes, remuneration and social security | 45 | €0 | €681 | +€681 | |
| Taxes | 450/3 | €0 | €681 | +€681 | |
| Other amounts payable | 47/48 | €76,184 | €68,571 | -€7,613 | -10.0% |
| Accrued charges and deferred income | 492/3 | €1,528 | €1,317 | -€211 | -13.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,353 | €14,605 | +€251 | +1.8% |
| Other operating charges | 640/8 | €1,710 | €1,990 | +€279 | +16.3% |
| Gross operating margin | 9900 | €103,574 | €104,566 | +€993 | +1.0% |
| Operating profit (loss) | 9901 | €87,510 | €87,972 | +€462 | +0.5% |
| Financial income | 75/76B | €8 | €0 | -€7 | -96.1% |
| Recurring financial income | 75 | €8 | €0 | -€7 | -96.1% |
| Financial charges | 65/66B | €4,145 | €3,488 | -€657 | -15.8% |
| Recurring financial charges | 65 | €4,145 | €3,488 | -€657 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €83,372 | €84,484 | +€1,112 | +1.3% |
| Income taxes | 67/77 | €17,260 | €17,681 | +€421 | +2.4% |
| Profit (loss) for the period | 9904 | €66,112 | €66,803 | +€691 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €66,112 | €66,803 | +€691 | +1.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.