PEPPOST: 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.
PEPPOST
Largest movements
- Cash -€3,531
down €3,531 (-18.8%), from €18,773 to €15,242
mainly Net result for the year (-€4,542) and Investment in fixed assets (net) (-€3,530)
- Receivables within one year -€2,833
down €2,833 (-10.0%), from €28,226 to €25,393
of which Trade receivables: -€12,705
- Tangible fixed assets +€2,561
up €2,561 (+368%), from €695 to €3,256
- Profit (loss) carried forward -€4,542
new in 2025: -€4,542
- Trade debts +€4,342
up €4,342 (+1,173%), from €370 to €4,712
- Accrued charges and deferred income -€2,970
down €2,970 (-18.1%), from €16,437 to €13,467
- Tax, wage and social debts -€2,071
down €2,071 (-78.5%), from €2,639 to €568
- Gross operating margin -€14,973
down €14,973, from €10,350 to -€4,623
- Taxes -€4,356
down €4,356 (-100%), from €4,356 to €0
- Financial charges +€1,883
up €1,883 (+602%), from €313 to €2,196
- Financial income +€1,721
up €1,721 (+77.5%), from €2,220 to €3,942
- Depreciation +€494
up €494 (+104%), from €476 to €970
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 | €178,949 | €173,708 | -€5,241 | -2.9% |
| Fixed assets | 21/28 | €695 | €3,256 | +€2,561 | +368% |
| Tangible fixed assets | 22/27 | €695 | €3,256 | +€2,561 | +368% |
| Furniture and vehicles | 24 | €695 | €3,256 | +€2,561 | +368% |
| Current assets | 29/58 | €178,254 | €170,452 | -€7,801 | -4.4% |
| Amounts receivable within one year | 40/41 | €28,226 | €25,393 | -€2,833 | -10.0% |
| Trade receivables | 40 | €16,916 | €4,211 | -€12,705 | -75.1% |
| Other amounts receivable | 41 | €11,310 | €21,182 | +€9,872 | +87.3% |
| Current investments | 50/53 | €131,254 | €129,817 | -€1,438 | -1.1% |
| Cash at bank and in hand | 54/58 | €18,773 | €15,242 | -€3,531 | -18.8% |
| Total equity and liabilities | 10/49 | €178,949 | €173,708 | -€5,241 | -2.9% |
| Equity | 10/15 | €159,502 | €154,961 | -€4,542 | -2.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €139,502 | €139,502 | = | 0.0% |
| Distributable reserves | 133 | €139,502 | €139,502 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€4,542 | -€4,542 | |
| Amounts payable | 17/49 | €19,446 | €18,747 | -€699 | -3.6% |
| Amounts payable within one year | 42/48 | €3,009 | €5,280 | +€2,271 | +75.5% |
| Trade debts | 44 | €370 | €4,712 | +€4,342 | +1,173% |
| Suppliers | 440/4 | €370 | €4,712 | +€4,342 | +1,173% |
| Taxes, remuneration and social security | 45 | €2,639 | €568 | -€2,071 | -78.5% |
| Taxes | 450/3 | €2,639 | €568 | -€2,071 | -78.5% |
| Accrued charges and deferred income | 492/3 | €16,437 | €13,467 | -€2,970 | -18.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €476 | €970 | +€494 | +104% |
| Non-recurring operating charges | 66A | - | €695 | +€695 | |
| Gross operating margin | 9900 | €10,350 | -€4,623 | -€14,973 | |
| Operating profit (loss) | 9901 | €9,874 | -€6,287 | -€16,161 | |
| Financial income | 75/76B | €2,220 | €3,942 | +€1,721 | +77.5% |
| Recurring financial income | 75 | €2,220 | €3,942 | +€1,721 | +77.5% |
| Financial charges | 65/66B | €313 | €2,196 | +€1,883 | +602% |
| Recurring financial charges | 65 | €313 | €2,196 | +€1,883 | +602% |
| Profit (loss) for the period before taxes | 9903 | €11,782 | -€4,542 | -€16,323 | |
| Income taxes | 67/77 | €4,356 | €0 | -€4,356 | -100% |
| Profit (loss) for the period | 9904 | €7,426 | -€4,542 | -€11,968 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,426 | -€4,542 | -€11,968 |
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 17 October 2026 via checked.be.