Peppermill: 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.
Peppermill
Largest movements
- Tangible fixed assets +€283,868
up €283,868 (+776.2%), from €36,572 to €320,440
of which Land and buildings: +€265,068
- Debts after one year +€258,657
new in 2025: €258,657
- Current portion of long-term debt +€26,372
new in 2025: €26,372
- Reserves -€17,173
down €17,173 (-19.6%), from €87,516 to €70,343
- Tax, wage and social debts +€7,240
up €7,240 (+18.4%), from €39,291 to €46,531
of which Remuneration and social security: +€6,675
- Trade debts +€6,593
up €6,593 (+36.4%), from €18,106 to €24,699
- Gross operating margin -€8,316
down €8,316 (-4.0%), from €206,260 to €197,944
- Depreciation +€5,836
up €5,836 (+66.7%), from €8,748 to €14,585
- Staff costs +€5,715
up €5,715 (+3.2%), from €180,906 to €186,621
- Financial charges +€4,030
up €4,030 (+39.7%), from €10,142 to €14,172
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 | €166,449 | €446,445 | +€279,997 | +168.2% |
| Fixed assets | 21/28 | €37,261 | €321,010 | +€283,749 | +761.5% |
| Intangible fixed assets | 21 | €689 | €570 | -€119 | -17.3% |
| Tangible fixed assets | 22/27 | €36,572 | €320,440 | +€283,868 | +776.2% |
| Land and buildings | 22 | €20,227 | €285,295 | +€265,068 | +1310.4% |
| Plant, machinery and equipment | 23 | €10,747 | €14,888 | +€4,141 | +38.5% |
| Furniture and vehicles | 24 | €5,598 | €20,257 | +€14,659 | +261.9% |
| Current assets | 29/58 | €129,188 | €125,435 | -€3,752 | -2.9% |
| Stocks and contracts in progress | 3 | €19,682 | €19,527 | -€155 | -0.8% |
| Stocks | 30/36 | €19,682 | €19,527 | -€155 | -0.8% |
| Amounts receivable within one year | 40/41 | €74,446 | €73,942 | -€503 | -0.7% |
| Trade receivables | 40 | €14,575 | €10,164 | -€4,411 | -30.3% |
| Other amounts receivable | 41 | €59,871 | €63,778 | +€3,907 | +6.5% |
| Cash at bank and in hand | 54/58 | €30,920 | €29,448 | -€1,472 | -4.8% |
| Deferred charges and accrued income | 490/1 | €4,139 | €2,518 | -€1,622 | -39.2% |
| Total equity and liabilities | 10/49 | €166,449 | €446,445 | +€279,997 | +168.2% |
| Equity | 10/15 | €107,516 | €88,596 | -€18,919 | -17.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €87,516 | €70,343 | -€17,173 | -19.6% |
| Distributable reserves | 133 | €87,516 | €70,343 | -€17,173 | -19.6% |
| Profit (loss) carried forward | 14 | - | -€1,747 | -€1,747 | |
| Amounts payable | 17/49 | €58,933 | €357,849 | +€298,916 | +507.2% |
| Amounts payable after more than one year | 17 | - | €258,657 | +€258,657 | |
| Financial debts | 170/4 | - | €258,657 | +€258,657 | |
| Amounts payable within one year | 42/48 | €57,397 | €97,602 | +€40,205 | +70.0% |
| Current portion of amounts payable after more than one year | 42 | - | €26,372 | +€26,372 | |
| Trade debts | 44 | €18,106 | €24,699 | +€6,593 | +36.4% |
| Suppliers | 440/4 | €18,106 | €24,699 | +€6,593 | +36.4% |
| Taxes, remuneration and social security | 45 | €39,291 | €46,531 | +€7,240 | +18.4% |
| Taxes | 450/3 | €21,701 | €22,265 | +€564 | +2.6% |
| Remuneration and social security | 454/9 | €17,590 | €24,265 | +€6,675 | +37.9% |
| Accrued charges and deferred income | 492/3 | €1,536 | €1,590 | +€54 | +3.5% |
| Non-recurring operating income | 76A | €3,514 | - | -€3,514 | |
| Remuneration, social security and pensions | 62 | €180,906 | €186,621 | +€5,715 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,748 | €14,585 | +€5,836 | +66.7% |
| Other operating charges | 640/8 | €6,506 | €5,314 | -€1,192 | -18.3% |
| Non-recurring operating charges | 66A | €6,410 | - | -€6,410 | |
| Gross operating margin | 9900 | €206,260 | €197,944 | -€8,316 | -4.0% |
| Operating profit (loss) | 9901 | €3,690 | -€8,576 | -€12,265 | |
| Financial income | 75/76B | €3,503 | €3,974 | +€471 | +13.4% |
| Recurring financial income | 75 | €3,503 | €3,974 | +€471 | +13.4% |
| Financial charges | 65/66B | €10,142 | €14,172 | +€4,030 | +39.7% |
| Recurring financial charges | 65 | €10,142 | €14,172 | +€4,030 | +39.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,950 | -€18,774 | -€15,824 | -536.5% |
| Income taxes | 67/77 | €1,909 | €145 | -€1,764 | -92.4% |
| Profit (loss) for the period | 9904 | -€4,859 | -€18,919 | -€14,060 | -289.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,859 | -€18,919 | -€14,060 | -289.4% |
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 10 October 2026 via checked.be.