PEPS INTERIM: 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.
What changed
PEPS INTERIM
NACE 78.200, Temporary employment agencies and other provision of personnel
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€95,988
2024 · -€151,407+€247,395
Equity
€843,876
2024 · €847,887-€4,012
Cash
€97,226
2024 · €71,378+€25,848
Balance sheet total
€6.9m
2024 · €4.4m+€2.4m
Largest movements
Assets
- Receivables within one year +€2.4m
up €2.4m (+58.0%), from €4.2m to €6.6m
of which Other amounts receivable: +€1.4m
Equity and liabilities
- Tax, wage and social debts +€1.4m
up €1.4m (+60.7%), from €2.2m to €3.6m
of which Remuneration and social security: +€1.1m
- Trade debts +€939,538
up €939,538 (+96.5%), from €973,613 to €1.9m
- Other debts +€84,331
up €84,331 (+152%), from €55,302 to €139,633
Income statement
- Turnover +€7.5m
up €7.5m (+36.3%), from €20.5m to €28.0m
- Staff costs +€6.6m
up €6.6m (+35.2%), from €18.8m to €25.4m
- Services and other goods +€451,588
up €451,588 (+18.9%), from €2.4m to €2.8m
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.
Result 2024
-€151,407
Turnover
+€7.5m
Other operating income
+€91,197
Services and other goods
-€451,588
Staff costs
-€6.6m
Depreciation
+€781
Write-downs
-€67,550
Other operating charges
+€1,808
Other operating items
+€6,908
Financial income
-€81,315
Financial charges
+€25,804
Taxes
-€123,872
Result 2025
€95,988
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€98,489
Investment
-€1,852
Financing
-€70,789
Cash 2024
€71,378
From operations (derived)
+€98,489
Net result for the year
+€95,988
Depreciation
+€10,130
Receivables within one year
-€2.4m
Deferred charges and accrued income
+€31,058
Trade debts
+€939,538
Tax, wage and social debts
+€1.4m
Other debts
+€84,331
Accrued charges and deferred income
+€8,440
Investment (derived)
-€1,852
Investment in fixed assets (net)
-€1,852
Financing
-€70,789
Short-term financial debts
+€29,211
Contributions, distributions and other
-€100,000
Cash 2025
€97,226
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,444,417 | €6,866,106 | +€2.4m | +54.5% |
| Fixed assets | 21/28 | €60,814 | €52,536 | -€8,278 | -13.6% |
| Intangible fixed assets | 21 | €16,132 | €13,834 | -€2,298 | -14.2% |
| Tangible fixed assets | 22/27 | €20,138 | €18,913 | -€1,226 | -6.1% |
| Plant, machinery and equipment | 23 | €4,479 | €4,079 | -€400 | -8.9% |
| Furniture and vehicles | 24 | €7,139 | €10,946 | +€3,807 | +53.3% |
| Other tangible fixed assets | 26 | €8,520 | €3,888 | -€4,632 | -54.4% |
| Financial fixed assets | 28 | €24,544 | €19,790 | -€4,754 | -19.4% |
| Other financial fixed assets | 284/8 | €24,544 | €19,790 | -€4,754 | -19.4% |
| Amounts receivable and cash guarantees | 285/8 | €24,544 | €19,790 | -€4,754 | -19.4% |
| Current assets | 29/58 | €4,383,603 | €6,813,570 | +€2.4m | +55.4% |
| Amounts receivable within one year | 40/41 | €4,198,839 | €6,634,015 | +€2.4m | +58.0% |
| Trade receivables | 40 | €1,254,092 | €2,286,268 | +€1.0m | +82.3% |
| Other amounts receivable | 41 | €2,944,746 | €4,347,747 | +€1.4m | +47.6% |
| Cash at bank and in hand | 54/58 | €71,378 | €97,226 | +€25,848 | +36.2% |
| Deferred charges and accrued income | 490/1 | €113,386 | €82,329 | -€31,058 | -27.4% |
| Total equity and liabilities | 10/49 | €4,444,417 | €6,866,106 | +€2.4m | +54.5% |
| Equity | 10/15 | €847,887 | €843,876 | -€4,012 | -0.5% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Capital | 10 | €200,000 | €200,000 | = | 0.0% |
| Issued capital | 100 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €647,887 | €643,876 | -€4,012 | -0.6% |
| Non-distributable reserves | 130/1 | €20,000 | €20,000 | = | 0.0% |
| Legal reserve | 130 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €627,887 | €623,876 | -€4,012 | -0.6% |
| Amounts payable | 17/49 | €3,596,530 | €6,022,230 | +€2.4m | +67.4% |
| Amounts payable within one year | 42/48 | €3,555,612 | €5,972,871 | +€2.4m | +68.0% |
| Financial debts | 43 | €278,968 | €308,179 | +€29,211 | +10.5% |
| Credit institutions | 430/8 | €278,968 | €308,179 | +€29,211 | +10.5% |
| Trade debts | 44 | €973,613 | €1,913,151 | +€939,538 | +96.5% |
| Suppliers | 440/4 | €973,613 | €1,913,151 | +€939,538 | +96.5% |
| Taxes, remuneration and social security | 45 | €2,247,729 | €3,611,908 | +€1.4m | +60.7% |
| Taxes | 450/3 | €509,513 | €791,664 | +€282,152 | +55.4% |
| Remuneration and social security | 454/9 | €1,738,217 | €2,820,244 | +€1.1m | +62.2% |
| Other amounts payable | 47/48 | €55,302 | €139,633 | +€84,331 | +152% |
| Accrued charges and deferred income | 492/3 | €40,919 | €49,359 | +€8,440 | +20.6% |
| Operating income | 70/76A | €21,080,965 | €28,639,245 | +€7.6m | +35.9% |
| Turnover | 70 | €20,528,385 | €27,986,847 | +€7.5m | +36.3% |
| Other operating income | 74 | €532,641 | €623,838 | +€91,197 | +17.1% |
| Non-recurring operating income | 76A | €19,939 | €28,560 | +€8,621 | +43.2% |
| Operating charges | 60/66A | €21,180,964 | €28,312,467 | +€7.1m | +33.7% |
| Services and other goods | 61 | €2,390,930 | €2,842,517 | +€451,588 | +18.9% |
| Remuneration, social security and pensions | 62 | €18,809,394 | €25,422,634 | +€6.6m | +35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,911 | €10,130 | -€781 | -7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€36,116 | €31,434 | +€67,550 | |
| Other operating charges | 640/8 | €4,859 | €3,051 | -€1,808 | -37.2% |
| Non-recurring operating charges | 66A | €987 | €2,699 | +€1,713 | +174% |
| Operating profit (loss) | 9901 | -€99,999 | €326,778 | +€426,777 | |
| Financial income | 75/76B | €157,022 | €75,707 | -€81,315 | -51.8% |
| Recurring financial income | 75 | €157,022 | €75,707 | -€81,315 | -51.8% |
| Income from current assets | 751 | €157,022 | €75,665 | -€81,357 | -51.8% |
| Other financial income | 752/9 | - | €42 | +€42 | |
| Financial charges | 65/66B | €154,548 | €128,744 | -€25,804 | -16.7% |
| Recurring financial charges | 65 | €154,548 | €128,744 | -€25,804 | -16.7% |
| Debt charges | 650 | €145,887 | €117,057 | -€28,830 | -19.8% |
| Other financial charges | 652/9 | €8,661 | €11,687 | +€3,026 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | -€97,525 | €273,741 | +€371,267 | |
| Income taxes | 67/77 | €53,881 | €177,753 | +€123,872 | +230% |
| Taxes | 670/3 | €53,881 | €177,753 | +€123,872 | +230% |
| Profit (loss) for the period | 9904 | -€151,407 | €95,988 | +€247,395 | |
| Profit (loss) for the period to be appropriated | 9905 | -€151,407 | €95,988 | +€247,395 |
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 14 October 2026 via checked.be.