PEPS: 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.
PEPS
Largest movements
- Cash +€60,179
up €60,179 (+7.0%), from €859,382 to €919,561
mainly Net result for the year (+€119,850) and Debts within one year (+€55,300)
- Profit (loss) carried forward +€119,850
up €119,850 (+21.5%), from €557,823 to €677,673
- Debts after one year -€100,000
no longer reported in 2025 (was €100,000)
- Debts within one year +€55,300
up €55,300 (+333%), from €16,605 to €71,905
of which Current portion of long-term debt: +€50,000
- Gross operating margin -€551,627
no longer reported in 2025 (was €551,627)
- Services and other goods +€229,681
new in 2025: €229,681
- Staff costs +€96,129
up €96,129 (+27.8%), from €345,499 to €441,628
- Other operating charges -€90,400
down €90,400 (-89.2%), from €101,300 to €10,900
- Other operating income +€12,327
new in 2025: €12,327
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 | €1,421,059 | €1,496,209 | +€75,150 | +5.3% |
| Fixed assets | 21/28 | €498 | €498 | -€0 | -0.1% |
| Financial fixed assets | 28 | €498 | €498 | -€0 | -0.1% |
| Other financial fixed assets | 284/8 | - | €498 | +€498 | |
| Amounts receivable and cash guarantees | 285/8 | - | €498 | +€498 | |
| Current assets | 29/58 | €1,420,561 | €1,495,711 | +€75,150 | +5.3% |
| Amounts receivable within one year | 40/41 | €52,305 | €57,164 | +€4,859 | +9.3% |
| Other amounts receivable | 41 | €52,305 | €57,164 | +€4,859 | +9.3% |
| Current investments | 50/53 | €505,993 | €514,272 | +€8,279 | +1.6% |
| Cash at bank and in hand | 54/58 | €859,382 | €919,561 | +€60,179 | +7.0% |
| Deferred charges and accrued income | 490/1 | €2,881 | €4,714 | +€1,833 | +63.6% |
| Total equity and liabilities | 10/49 | €1,421,059 | €1,496,209 | +€75,150 | +5.3% |
| Equity | 10/15 | €1,304,454 | €1,424,304 | +€119,850 | +9.2% |
| Contributions | 10/11 | €746,631 | €746,631 | +€0 | 0.0% |
| Capital | 10 | €746,631 | €746,631 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €557,823 | €677,673 | +€119,850 | +21.5% |
| Amounts payable | 17/49 | €116,605 | €71,905 | -€44,700 | -38.3% |
| Amounts payable after more than one year | 17 | €100,000 | - | -€100,000 | |
| Financial debts | 170/4 | €100,000 | - | -€100,000 | |
| Amounts payable within one year | 42/48 | €16,605 | €71,905 | +€55,300 | +333% |
| Current portion of amounts payable after more than one year | 42 | - | €50,000 | +€50,000 | |
| Trade debts | 44 | €11,775 | €16,361 | +€4,586 | +38.9% |
| Suppliers | 440/4 | €11,775 | €16,361 | +€4,586 | +38.9% |
| Taxes, remuneration and social security | 45 | - | €5,544 | +€5,544 | |
| Remuneration and social security | 454/9 | - | €5,544 | +€5,544 | |
| Operating income | 70/76A | - | €794,693 | +€794,693 | |
| Membership fees, donations, legacies and grants | 73 | - | €780,986 | +€780,986 | |
| Other operating income | 74 | - | €12,327 | +€12,327 | |
| Non-recurring operating income | 76A | €5,087 | €1,380 | -€3,707 | -72.9% |
| Operating charges | 60/66A | - | €685,760 | +€685,760 | |
| Goods for resale, raw materials and consumables | 60 | - | €3,551 | +€3,551 | |
| Purchases | 600/8 | - | €3,551 | +€3,551 | |
| Services and other goods | 61 | - | €229,681 | +€229,681 | |
| Remuneration, social security and pensions | 62 | €345,499 | €441,628 | +€96,129 | +27.8% |
| Other operating charges | 640/8 | €101,300 | €10,900 | -€90,400 | -89.2% |
| Non-recurring operating charges | 66A | €32 | - | -€32 | |
| Gross operating margin | 9900 | €551,627 | - | -€551,627 | |
| Operating profit (loss) | 9901 | €104,796 | €108,933 | +€4,137 | +3.9% |
| Financial income | 75/76B | €8,561 | €11,827 | +€3,266 | +38.1% |
| Recurring financial income | 75 | €8,561 | €11,827 | +€3,266 | +38.1% |
| Income from current assets | 751 | - | €11,827 | +€11,827 | |
| Financial charges | 65/66B | €90 | €910 | +€820 | +912% |
| Recurring financial charges | 65 | €90 | €910 | +€820 | +912% |
| Debt charges | 650 | - | €838 | +€838 | |
| Other financial charges | 652/9 | - | €72 | +€72 | |
| Profit (loss) for the period before taxes | 9903 | €113,267 | €119,850 | +€6,583 | +5.8% |
| Income taxes | 67/77 | €2,568 | - | -€2,568 | |
| Profit (loss) for the period | 9904 | €110,699 | €119,850 | +€9,151 | +8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €110,699 | €119,850 | +€9,151 | +8.3% |
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 13 October 2026 via checked.be.