PEPS CONSULTING: 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 CONSULTING
Largest movements
- Cash -€80,659
down €80,659 (-62.1%), from €129,827 to €49,168
mainly Contributions, distributions and other (-€53,401) and Other debts (-€49,271)
- Tangible fixed assets -€12,229
down €12,229 (-52.0%), from €23,503 to €11,275
- Receivables within one year +€6,444
up €6,444 (+39.2%), from €16,429 to €22,873
of which Other amounts receivable: +€4,419
- Other debts -€49,271
down €49,271 (-50.8%), from €97,049 to €47,779
- Tax, wage and social debts -€26,642
down €26,642 (-53.8%), from €49,548 to €22,906
of which Taxes: -€24,642
- Debts after one year -€9,382
no longer reported in 2025 (was €9,382)
- Gross operating margin -€20,422
down €20,422 (-19.9%), from €102,664 to €82,242
- Taxes -€3,575
down €3,575 (-18.7%), from €19,156 to €15,581
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 | €170,362 | €83,315 | -€87,047 | -51.1% |
| Fixed assets | 21/28 | €23,503 | €11,275 | -€12,229 | -52.0% |
| Tangible fixed assets | 22/27 | €23,503 | €11,275 | -€12,229 | -52.0% |
| Furniture and vehicles | 24 | €23,503 | €11,275 | -€12,229 | -52.0% |
| Current assets | 29/58 | €146,858 | €72,040 | -€74,818 | -50.9% |
| Amounts receivable within one year | 40/41 | €16,429 | €22,873 | +€6,444 | +39.2% |
| Trade receivables | 40 | €16,429 | €18,453 | +€2,025 | +12.3% |
| Other amounts receivable | 41 | - | €4,419 | +€4,419 | |
| Cash at bank and in hand | 54/58 | €129,827 | €49,168 | -€80,659 | -62.1% |
| Deferred charges and accrued income | 490/1 | €603 | - | -€603 | |
| Total equity and liabilities | 10/49 | €170,362 | €83,315 | -€87,047 | -51.1% |
| Equity | 10/15 | €3,000 | €3,000 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable | 17/49 | €167,362 | €80,315 | -€87,047 | -52.0% |
| Amounts payable after more than one year | 17 | €9,382 | - | -€9,382 | |
| Financial debts | 170/4 | €9,382 | - | -€9,382 | |
| Amounts payable within one year | 42/48 | €157,979 | €80,315 | -€77,665 | -49.2% |
| Current portion of amounts payable after more than one year | 42 | €11,012 | €9,382 | -€1,630 | -14.8% |
| Trade debts | 44 | €370 | €248 | -€122 | -33.1% |
| Suppliers | 440/4 | €370 | €248 | -€122 | -33.1% |
| Taxes, remuneration and social security | 45 | €49,548 | €22,906 | -€26,642 | -53.8% |
| Taxes | 450/3 | €47,548 | €22,906 | -€24,642 | -51.8% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €97,049 | €47,779 | -€49,271 | -50.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,465 | €12,229 | -€236 | -1.9% |
| Other operating charges | 640/8 | €413 | €885 | +€472 | +114.4% |
| Gross operating margin | 9900 | €102,664 | €82,242 | -€20,422 | -19.9% |
| Operating profit (loss) | 9901 | €89,786 | €69,129 | -€20,657 | -23.0% |
| Financial charges | 65/66B | €147 | €147 | +€0 | +0.1% |
| Recurring financial charges | 65 | €147 | €147 | +€0 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €89,640 | €68,982 | -€20,658 | -23.0% |
| Income taxes | 67/77 | €19,156 | €15,581 | -€3,575 | -18.7% |
| Profit (loss) for the period | 9904 | €70,484 | €53,401 | -€17,083 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €70,484 | €53,401 | -€17,083 | -24.2% |
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 9 October 2026 via checked.be.