PEPPY ET VICKY: 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 ET VICKY
Largest movements
- Tangible fixed assets -€100,736
down €100,736 (-4.8%), from €2.1m to €2.0m
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year -€62,694
down €62,694 (-83.1%), from €75,483 to €12,788
of which Trade receivables: -€74,763
- Other debts -€188,495
down €188,495 (-8.9%), from €2.1m to €1.9m
- Trade debts -€60,045
down €60,045 (-84.9%), from €70,752 to €10,707
- Taxes -€5,182
down €5,182 (-81.3%), from €6,378 to €1,196
- Financial charges -€2,715
down €2,715 (-6.5%), from €41,838 to €39,123
- Gross operating margin -€1,820
down €1,820 (-1.2%), from €146,305 to €144,485
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 | €2,308,242 | €2,054,609 | -€253,634 | -11.0% |
| Fixed assets | 21/28 | €2,086,257 | €1,984,613 | -€101,644 | -4.9% |
| Intangible fixed assets | 21 | €4,364 | €3,456 | -€908 | -20.8% |
| Tangible fixed assets | 22/27 | €2,081,893 | €1,981,157 | -€100,736 | -4.8% |
| Land and buildings | 22 | €2,081,893 | €1,981,157 | -€100,736 | -4.8% |
| Current assets | 29/58 | €221,985 | €69,996 | -€151,989 | -68.5% |
| Amounts receivable within one year | 40/41 | €75,483 | €12,788 | -€62,694 | -83.1% |
| Trade receivables | 40 | €75,483 | €720 | -€74,763 | -99.0% |
| Other amounts receivable | 41 | - | €12,068 | +€12,068 | |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €46,503 | €57,208 | +€10,705 | +23.0% |
| Total equity and liabilities | 10/49 | €2,308,242 | €2,054,609 | -€253,634 | -11.0% |
| Equity | 10/15 | €86,636 | €91,418 | +€4,782 | +5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,036 | €72,818 | +€4,782 | +7.0% |
| Amounts payable | 17/49 | €2,221,606 | €1,963,190 | -€258,416 | -11.6% |
| Amounts payable after more than one year | 17 | €2,296 | €960 | -€1,336 | -58.2% |
| Financial debts | 170/4 | €1,336 | - | -€1,336 | |
| Other amounts payable | 178/9 | €960 | €960 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,219,310 | €1,962,230 | -€257,080 | -11.6% |
| Current portion of amounts payable after more than one year | 42 | €7,926 | €1,336 | -€6,590 | -83.1% |
| Trade debts | 44 | €70,752 | €10,707 | -€60,045 | -84.9% |
| Suppliers | 440/4 | €70,752 | €10,707 | -€60,045 | -84.9% |
| Taxes, remuneration and social security | 45 | €13,544 | €11,595 | -€1,949 | -14.4% |
| Taxes | 450/3 | €13,544 | €11,595 | -€1,949 | -14.4% |
| Other amounts payable | 47/48 | €2,127,088 | €1,938,593 | -€188,495 | -8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,517 | €80,224 | +€707 | +0.9% |
| Other operating charges | 640/8 | €19,423 | €20,041 | +€618 | +3.2% |
| Gross operating margin | 9900 | €146,305 | €144,485 | -€1,820 | -1.2% |
| Operating profit (loss) | 9901 | €47,365 | €44,219 | -€3,145 | -6.6% |
| Financial income | 75/76B | €1,757 | €881 | -€876 | -49.8% |
| Recurring financial income | 75 | €1,757 | €881 | -€876 | -49.8% |
| Financial charges | 65/66B | €41,838 | €39,123 | -€2,715 | -6.5% |
| Recurring financial charges | 65 | €41,838 | €39,123 | -€2,715 | -6.5% |
| Profit (loss) for the period before taxes | 9903 | €7,284 | €5,978 | -€1,306 | -17.9% |
| Income taxes | 67/77 | €6,378 | €1,196 | -€5,182 | -81.3% |
| Profit (loss) for the period | 9904 | €906 | €4,782 | +€3,876 | +428% |
| Profit (loss) for the period to be appropriated | 9905 | €906 | €4,782 | +€3,876 | +428% |
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 28 October 2026 via checked.be.