Peppy: 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.
Peppy
Largest movements
- Tangible fixed assets -€15,924
down €15,924 (-21.0%), from €75,788 to €59,864
of which Other tangible fixed assets: -€12,553
- Cash -€13,772
down €13,772 (-27.5%), from €50,011 to €36,239
mainly Other debts (-€17,770) and Debts after one year (-€13,474)
- Receivables within one year -€7,289
down €7,289 (-36.4%), from €20,021 to €12,732
of which Trade receivables: -€8,927
- Other debts -€17,770
down €17,770 (-24.9%), from €71,328 to €53,558
- Debts after one year -€13,474
down €13,474 (-100.0%), from €13,474 to €0
- Trade debts -€7,148
down €7,148 (-20.6%), from €34,687 to €27,540
- Current portion of long-term debt -€2,819
down €2,819 (-12.4%), from €22,817 to €19,998
- Tax, wage and social debts +€2,652
up €2,652 (+16.8%), from €15,768 to €18,420
of which Taxes: +€1,503
- Gross operating margin +€20,089
up €20,089 (+9.4%), from €212,968 to €233,057
- Staff costs +€15,619
up €15,619 (+8.7%), from €180,090 to €195,709
- Taxes -€5,730
down €5,730 (-73.1%), from €7,837 to €2,107
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 | €169,864 | €132,155 | -€37,709 | -22.2% |
| Fixed assets | 21/28 | €84,923 | €67,822 | -€17,101 | -20.1% |
| Intangible fixed assets | 21 | €4,635 | €3,458 | -€1,177 | -25.4% |
| Tangible fixed assets | 22/27 | €75,788 | €59,864 | -€15,924 | -21.0% |
| Plant, machinery and equipment | 23 | €3,975 | €4,059 | +€84 | +2.1% |
| Furniture and vehicles | 24 | €12,265 | €12,400 | +€135 | +1.1% |
| Leasing and similar rights | 25 | €4,682 | €1,092 | -€3,590 | -76.7% |
| Other tangible fixed assets | 26 | €54,866 | €42,314 | -€12,553 | -22.9% |
| Financial fixed assets | 28 | €4,500 | €4,500 | = | 0.0% |
| Current assets | 29/58 | €84,940 | €64,332 | -€20,608 | -24.3% |
| Stocks and contracts in progress | 3 | €11,474 | €11,819 | +€345 | +3.0% |
| Stocks | 30/36 | €11,474 | €11,819 | +€345 | +3.0% |
| Amounts receivable within one year | 40/41 | €20,021 | €12,732 | -€7,289 | -36.4% |
| Trade receivables | 40 | €13,700 | €4,773 | -€8,927 | -65.2% |
| Other amounts receivable | 41 | €6,321 | €7,959 | +€1,638 | +25.9% |
| Cash at bank and in hand | 54/58 | €50,011 | €36,239 | -€13,772 | -27.5% |
| Deferred charges and accrued income | 490/1 | €3,435 | €3,543 | +€108 | +3.2% |
| Total equity and liabilities | 10/49 | €169,864 | €132,155 | -€37,709 | -22.2% |
| Equity | 10/15 | €11,788 | €12,638 | +€850 | +7.2% |
| Profit (loss) carried forward | 14 | €11,788 | €12,638 | +€850 | +7.2% |
| Amounts payable | 17/49 | €158,076 | €119,517 | -€38,559 | -24.4% |
| Amounts payable after more than one year | 17 | €13,474 | €0 | -€13,474 | -100.0% |
| Financial debts | 170/4 | €13,474 | €0 | -€13,474 | -100.0% |
| Amounts payable within one year | 42/48 | €144,601 | €119,517 | -€25,084 | -17.3% |
| Current portion of amounts payable after more than one year | 42 | €22,817 | €19,998 | -€2,819 | -12.4% |
| Trade debts | 44 | €34,687 | €27,540 | -€7,148 | -20.6% |
| Suppliers | 440/4 | €34,687 | €27,540 | -€7,148 | -20.6% |
| Taxes, remuneration and social security | 45 | €15,768 | €18,420 | +€2,652 | +16.8% |
| Taxes | 450/3 | €2,546 | €4,049 | +€1,503 | +59.0% |
| Remuneration and social security | 454/9 | €13,223 | €14,372 | +€1,149 | +8.7% |
| Other amounts payable | 47/48 | €71,328 | €53,558 | -€17,770 | -24.9% |
| Remuneration, social security and pensions | 62 | €180,090 | €195,709 | +€15,619 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,561 | €27,297 | +€737 | +2.8% |
| Other operating charges | 640/8 | €775 | €1,006 | +€231 | +29.8% |
| Gross operating margin | 9900 | €212,968 | €233,057 | +€20,089 | +9.4% |
| Operating profit (loss) | 9901 | €5,542 | €9,044 | +€3,502 | +63.2% |
| Financial income | 75/76B | €239 | €285 | +€46 | +19.1% |
| Recurring financial income | 75 | €239 | €285 | +€46 | +19.1% |
| Financial charges | 65/66B | €6,094 | €6,372 | +€278 | +4.6% |
| Recurring financial charges | 65 | €6,094 | €6,372 | +€278 | +4.6% |
| Profit (loss) for the period before taxes | 9903 | -€313 | €2,957 | +€3,270 | |
| Income taxes | 67/77 | €7,837 | €2,107 | -€5,730 | -73.1% |
| Profit (loss) for the period | 9904 | -€8,150 | €850 | +€9,000 | |
| Transfer from tax-exempt reserves | 789 | €18,750 | €0 | -€18,750 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,600 | €850 | -€9,750 | -92.0% |
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 12 October 2026 via checked.be.