PEPS GROUP: what changed
Two fiscal 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 GROUP
Largest movements
- Cash -€533
down €533 (-31.6%), from €1,688 to €1,155
mainly Net result for the year (-€676)
- Profit (loss) carried forward -€676
down €676 (-8.4%), from -€8,067 to -€8,743
- Debts after one year +€77
up €77 (+1.3%), from €6,077 to €6,155
- Other debts +€66
new in 2025: €66
- Gross operating margin +€72
up €72 (+52.3%), from -€138 to -€66
- Other operating charges +€12
up €12 (+3.2%), from €387 to €400
- Financial charges -€10
down €10 (-4.4%), from €221 to €211
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 | €1,688 | €1,155 | -€533 | -31.6% |
| Current assets | 29/58 | €1,688 | €1,155 | -€533 | -31.6% |
| Cash at bank and in hand | 54/58 | €1,688 | €1,155 | -€533 | -31.6% |
| Total equity and liabilities | 10/49 | €1,688 | €1,155 | -€533 | -31.6% |
| Equity | 10/15 | -€4,467 | -€5,143 | -€676 | -15.1% |
| Contributions | 10/11 | €3,600 | €3,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,067 | -€8,743 | -€676 | -8.4% |
| Amounts payable | 17/49 | €6,155 | €6,298 | +€143 | +2.3% |
| Amounts payable after more than one year | 17 | €6,077 | €6,155 | +€77 | +1.3% |
| Other amounts payable | 178/9 | €6,077 | €6,155 | +€77 | +1.3% |
| Amounts payable within one year | 42/48 | - | €66 | +€66 | |
| Other amounts payable | 47/48 | - | €66 | +€66 | |
| Accrued charges and deferred income | 492/3 | €77 | €77 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€138 | -€66 | +€72 | +52.3% |
| Operating profit (loss) | 9901 | -€525 | -€465 | +€60 | +11.3% |
| Financial charges | 65/66B | €221 | €211 | -€10 | -4.4% |
| Recurring financial charges | 65 | €221 | €211 | -€10 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | -€746 | -€676 | +€69 | +9.3% |
| Profit (loss) for the period | 9904 | -€746 | -€676 | +€69 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€746 | -€676 | +€69 | +9.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.