RED PEPPER IT: 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.
RED PEPPER IT
Largest movements
- Cash +€38,453
up €38,453 (+300.3%), from €12,803 to €51,256
mainly Net result for the year (+€32,576) and Other debts (+€32,000)
- Tangible fixed assets -€6,718
down €6,718 (-19.8%), from €33,964 to €27,245
- Current investments -€2,000
down €2,000 (-40.0%), from €5,000 to €3,000
- Other debts +€32,000
up €32,000 (+2443.0%), from €1,310 to €33,310
- Current portion of long-term debt -€8,192
down €8,192 (-100.0%), from €8,192 to €0
- Trade debts +€3,670
up €3,670, from €0 to €3,670
- Tax, wage and social debts +€3,376
up €3,376 (+37.8%), from €8,922 to €12,298
- Gross operating margin +€39,203
up €39,203 (+334.5%), from €11,721 to €50,923
- Taxes +€8,024
up €8,024 (+385.7%), from €2,080 to €10,104
- Financial income +€584
up €584 (+5836300.0%), from €0 to €584
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 | €67,982 | €98,835 | +€30,854 | +45.4% |
| Formation expenses | 20 | €216 | €0 | -€216 | -100.0% |
| Fixed assets | 21/28 | €34,308 | €27,589 | -€6,718 | -19.6% |
| Tangible fixed assets | 22/27 | €33,964 | €27,245 | -€6,718 | -19.8% |
| Furniture and vehicles | 24 | €33,964 | €27,245 | -€6,718 | -19.8% |
| Financial fixed assets | 28 | €344 | €344 | = | 0.0% |
| Current assets | 29/58 | €33,457 | €71,246 | +€37,789 | +112.9% |
| Amounts receivable within one year | 40/41 | €15,428 | €15,962 | +€534 | +3.5% |
| Trade receivables | 40 | €15,428 | €14,066 | -€1,361 | -8.8% |
| Other amounts receivable | 41 | - | €1,896 | +€1,896 | |
| Current investments | 50/53 | €5,000 | €3,000 | -€2,000 | -40.0% |
| Cash at bank and in hand | 54/58 | €12,803 | €51,256 | +€38,453 | +300.3% |
| Deferred charges and accrued income | 490/1 | €227 | €1,028 | +€801 | +353.6% |
| Total equity and liabilities | 10/49 | €67,982 | €98,835 | +€30,854 | +45.4% |
| Equity | 10/15 | €49,558 | €49,558 | = | 0.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €48,558 | €48,558 | = | 0.0% |
| Distributable reserves | 133 | €48,558 | €48,558 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €18,424 | €49,277 | +€30,854 | +167.5% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €18,424 | €49,277 | +€30,854 | +167.5% |
| Current portion of amounts payable after more than one year | 42 | €8,192 | €0 | -€8,192 | -100.0% |
| Trade debts | 44 | €0 | €3,670 | +€3,670 | |
| Suppliers | 440/4 | €0 | €3,670 | +€3,670 | |
| Taxes, remuneration and social security | 45 | €8,922 | €12,298 | +€3,376 | +37.8% |
| Taxes | 450/3 | €8,922 | €12,298 | +€3,376 | +37.8% |
| Other amounts payable | 47/48 | €1,310 | €33,310 | +€32,000 | +2443.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,034 | €6,935 | -€99 | -1.4% |
| Other operating charges | 640/8 | €1,291 | €1,606 | +€316 | +24.4% |
| Gross operating margin | 9900 | €11,721 | €50,923 | +€39,203 | +334.5% |
| Operating profit (loss) | 9901 | €3,396 | €42,382 | +€38,986 | +1148.1% |
| Financial income | 75/76B | €0 | €584 | +€584 | +5836300.0% |
| Recurring financial income | 75 | €0 | €584 | +€584 | +5836300.0% |
| Financial charges | 65/66B | €637 | €285 | -€353 | -55.3% |
| Recurring financial charges | 65 | €637 | €285 | -€353 | -55.3% |
| Profit (loss) for the period before taxes | 9903 | €2,758 | €42,681 | +€39,922 | +1447.4% |
| Income taxes | 67/77 | €2,080 | €10,104 | +€8,024 | +385.7% |
| Profit (loss) for the period | 9904 | €678 | €32,576 | +€31,898 | +4704.5% |
| Profit (loss) for the period to be appropriated | 9905 | €678 | €32,576 | +€31,898 | +4704.5% |
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 7 October 2026 via checked.be.