Pippa X: 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.
Pippa X
Largest movements
- Cash +€14,073
up €14,073 (+901.7%), from €1,561 to €15,634
mainly Net result for the year (+€17,158) and Tax, wage and social debts (+€14,467)
- Stocks and contracts +€4,826
new in 2025: €4,826
- Deferred charges and accrued income +€2,790
new in 2025: €2,790
- Receivables within one year +€2,034
up €2,034 (+3.0%), from €68,018 to €70,052
of which Other amounts receivable: +€2,022
- Tax, wage and social debts +€14,467
up €14,467 (+859.6%), from €1,683 to €16,150
of which Remuneration and social security: +€7,574
- Reserves +€12,299
up €12,299 (+38.6%), from €31,894 to €44,193
of which Distributable reserves: +€13,299
- Contributions -€10,000
down €10,000 (-32.3%), from €31,000 to €21,000
- Trade debts +€8,572
up €8,572 (+837.8%), from €1,023 to €9,595
- Profit (loss) carried forward -€1,284
down €1,284 (-32.3%), from €3,979 to €2,695
- Purchases and services +€201,713
up €201,713 (+9040.8%), from €2,231 to €203,944
- Gross operating margin +€68,434
up €68,434 (+353.0%), from €19,389 to €87,823
- Staff costs +€62,950
new in 2025: €62,950
- Other operating charges +€3,132
up €3,132 (+550.9%), from €568 to €3,700
- Taxes +€1,607
up €1,607 (+95.5%), from €1,683 to €3,290
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 | €69,578 | €93,633 | +€24,054 | +34.6% |
| Fixed assets | 21/28 | - | €331 | +€331 | |
| Tangible fixed assets | 22/27 | - | €331 | +€331 | |
| Plant, machinery and equipment | 23 | - | €331 | +€331 | |
| Current assets | 29/58 | €69,578 | €93,302 | +€23,723 | +34.1% |
| Stocks and contracts in progress | 3 | - | €4,826 | +€4,826 | |
| Stocks | 30/36 | - | €4,826 | +€4,826 | |
| Amounts receivable within one year | 40/41 | €68,018 | €70,052 | +€2,034 | +3.0% |
| Trade receivables | 40 | €38,720 | €38,732 | +€12 | 0.0% |
| Other amounts receivable | 41 | €29,298 | €31,320 | +€2,022 | +6.9% |
| Cash at bank and in hand | 54/58 | €1,561 | €15,634 | +€14,073 | +901.7% |
| Deferred charges and accrued income | 490/1 | - | €2,790 | +€2,790 | |
| Total equity and liabilities | 10/49 | €69,578 | €93,633 | +€24,054 | +34.6% |
| Equity | 10/15 | €66,872 | €67,888 | +€1,016 | +1.5% |
| Contributions | 10/11 | €31,000 | €21,000 | -€10,000 | -32.3% |
| Contributions outside capital | 11 | €31,000 | €21,000 | -€10,000 | -32.3% |
| Other | 1109/19 | €31,000 | €21,000 | -€10,000 | -32.3% |
| Reserves | 13 | €31,894 | €44,193 | +€12,299 | +38.6% |
| Non-distributable reserves | 130/1 | €3,099 | €2,099 | -€1,000 | -32.3% |
| Reserves not available under the articles | 1311 | €3,099 | €2,099 | -€1,000 | -32.3% |
| Distributable reserves | 133 | €28,795 | €42,094 | +€13,299 | +46.2% |
| Profit (loss) carried forward | 14 | €3,979 | €2,695 | -€1,284 | -32.3% |
| Amounts payable | 17/49 | €2,706 | €25,745 | +€23,039 | +851.4% |
| Amounts payable within one year | 42/48 | €2,706 | €25,745 | +€23,039 | +851.4% |
| Trade debts | 44 | €1,023 | €9,595 | +€8,572 | +837.8% |
| Suppliers | 440/4 | €1,023 | €9,595 | +€8,572 | +837.8% |
| Taxes, remuneration and social security | 45 | €1,683 | €16,150 | +€14,467 | +859.6% |
| Taxes | 450/3 | €1,683 | €8,576 | +€6,893 | +409.6% |
| Remuneration and social security | 454/9 | - | €7,574 | +€7,574 | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,231 | €203,944 | +€201,713 | +9040.8% |
| Remuneration, social security and pensions | 62 | - | €62,950 | +€62,950 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €57 | +€57 | |
| Other operating charges | 640/8 | €568 | €3,700 | +€3,132 | +550.9% |
| Gross operating margin | 9900 | €19,389 | €87,823 | +€68,434 | +353.0% |
| Operating profit (loss) | 9901 | €18,820 | €21,117 | +€2,296 | +12.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €308 | €669 | +€361 | +117.3% |
| Recurring financial charges | 65 | €308 | €669 | +€361 | +117.3% |
| Profit (loss) for the period before taxes | 9903 | €18,512 | €20,448 | +€1,936 | +10.5% |
| Income taxes | 67/77 | €1,683 | €3,290 | +€1,607 | +95.5% |
| Profit (loss) for the period | 9904 | €16,829 | €17,158 | +€329 | +2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,829 | €17,158 | +€329 | +2.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.