PEPPERMIND: 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.
PEPPERMIND
Largest movements
- Receivables within one year -€18,185
no longer reported in 2025 (was €18,185)
of which Trade receivables: -€14,962
- Tangible fixed assets +€4,410
up €4,410 (+42.9%), from €10,271 to €14,681
of which Furniture and vehicles: +€4,410
- Cash +€2,558
up €2,558 (+186.2%), from €1,374 to €3,932
mainly Receivables within one year (+€18,185) and Other debts (+€1,676)
- Debts after one year -€9,036
no longer reported in 2025 (was €9,036)
- Tax, wage and social debts -€3,621
down €3,621 (-43.0%), from €8,419 to €4,798
- Other debts +€1,676
up €1,676 (+87.1%), from €1,924 to €3,600
- Profit (loss) carried forward -€1,337
down €1,337 (-6.5%), from -€20,425 to -€21,762
- Trade debts +€918
up €918 (+19.9%), from €4,617 to €5,534
- Depreciation -€16,213
down €16,213 (-96.1%), from €16,874 to €661
- Gross operating margin -€5,325
down €5,325 (-65.5%), from €8,124 to €2,799
- Taxes +€900
up €900 (+314.2%), from €286 to €1,186
- Other operating charges -€298
down €298 (-16.0%), from €1,867 to €1,568
- Financial charges -€183
down €183 (-20.3%), from €903 to €720
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 | €32,843 | €21,667 | -€11,177 | -34.0% |
| Fixed assets | 21/28 | €10,296 | €14,706 | +€4,410 | +42.8% |
| Tangible fixed assets | 22/27 | €10,271 | €14,681 | +€4,410 | +42.9% |
| Land and buildings | 22 | €335 | €335 | = | 0.0% |
| Plant, machinery and equipment | 23 | €1,620 | €1,620 | = | 0.0% |
| Furniture and vehicles | 24 | €8,315 | €12,726 | +€4,410 | +53.0% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €22,548 | €6,960 | -€15,587 | -69.1% |
| Amounts receivable within one year | 40/41 | €18,185 | - | -€18,185 | |
| Trade receivables | 40 | €14,962 | - | -€14,962 | |
| Other amounts receivable | 41 | €3,224 | - | -€3,224 | |
| Cash at bank and in hand | 54/58 | €1,374 | €3,932 | +€2,558 | +186.2% |
| Deferred charges and accrued income | 490/1 | €2,989 | €3,029 | +€40 | +1.3% |
| Total equity and liabilities | 10/49 | €32,843 | €21,667 | -€11,177 | -34.0% |
| Equity | 10/15 | €35 | -€1,302 | -€1,337 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,425 | -€21,762 | -€1,337 | -6.5% |
| Amounts payable | 17/49 | €32,809 | €22,969 | -€9,840 | -30.0% |
| Amounts payable after more than one year | 17 | €9,036 | - | -€9,036 | |
| Financial debts | 170/4 | €9,036 | - | -€9,036 | |
| Amounts payable within one year | 42/48 | €23,772 | €22,969 | -€804 | -3.4% |
| Current portion of amounts payable after more than one year | 42 | €8,813 | €9,036 | +€224 | +2.5% |
| Trade debts | 44 | €4,617 | €5,534 | +€918 | +19.9% |
| Suppliers | 440/4 | €4,617 | €5,534 | +€918 | +19.9% |
| Taxes, remuneration and social security | 45 | €8,419 | €4,798 | -€3,621 | -43.0% |
| Taxes | 450/3 | €8,419 | €4,798 | -€3,621 | -43.0% |
| Other amounts payable | 47/48 | €1,924 | €3,600 | +€1,676 | +87.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,874 | €661 | -€16,213 | -96.1% |
| Other operating charges | 640/8 | €1,867 | €1,568 | -€298 | -16.0% |
| Gross operating margin | 9900 | €8,124 | €2,799 | -€5,325 | -65.5% |
| Operating profit (loss) | 9901 | -€10,617 | €569 | +€11,186 | |
| Financial income | 75/76B | €40 | €0 | -€40 | -100.0% |
| Recurring financial income | 75 | €40 | €0 | -€40 | -100.0% |
| Financial charges | 65/66B | €903 | €720 | -€183 | -20.3% |
| Recurring financial charges | 65 | €903 | €720 | -€183 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | -€11,479 | -€151 | +€11,328 | +98.7% |
| Income taxes | 67/77 | €286 | €1,186 | +€900 | +314.2% |
| Profit (loss) for the period | 9904 | -€11,766 | -€1,337 | +€10,429 | +88.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,766 | -€1,337 | +€10,429 | +88.6% |
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 29 September 2026 via checked.be.