ICP PERGOLA: what changed
ICP PERGOLA
Largest movements
- Receivables within one year -€57,014
down €57,014 (-62.1%), from €91,788 to €34,774
of which Trade receivables: -€47,762
- Stocks and contracts +€47,647
up €47,647 (+104%), from €45,721 to €93,368
of which Contracts in progress: +€44,865
- Cash -€10,703
down €10,703 (-20.1%), from €53,291 to €42,589
mainly Stocks and contracts (-€47,647) and Net result for the year (-€17,872)
- Profit (loss) carried forward -€17,872
down €17,872 (-25.0%), from €71,621 to €53,749
- Trade debts -€6,419
down €6,419 (-5.9%), from €108,041 to €101,622
- Tax, wage and social debts +€5,829
up €5,829 (+124%), from €4,711 to €10,540
of which Remuneration and social security: +€5,665
- Gross operating margin -€27,985
down €27,985, from €26,759 to -€1,226
- Staff costs +€12,727
up €12,727 (+2,749%), from €463 to €13,190
- Taxes -€4,667
no longer reported in 2025 (was €4,667)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €194,629 | €176,343 | -€18,286 | -9.4% |
| Fixed assets | 21/28 | €3,804 | €5,586 | +€1,782 | +46.8% |
| Tangible fixed assets | 22/27 | €3,804 | €5,586 | +€1,782 | +46.8% |
| Plant, machinery and equipment | 23 | €548 | €850 | +€303 | +55.2% |
| Furniture and vehicles | 24 | €1,246 | €3,004 | +€1,757 | +141% |
| Other tangible fixed assets | 26 | €2,010 | €1,732 | -€278 | -13.8% |
| Current assets | 29/58 | €190,825 | €170,758 | -€20,067 | -10.5% |
| Stocks and contracts in progress | 3 | €45,721 | €93,368 | +€47,647 | +104% |
| Stocks | 30/36 | €45,721 | €48,503 | +€2,782 | +6.1% |
| Contracts in progress | 37 | - | €44,865 | +€44,865 | |
| Amounts receivable within one year | 40/41 | €91,788 | €34,774 | -€57,014 | -62.1% |
| Trade receivables | 40 | €62,634 | €14,872 | -€47,762 | -76.3% |
| Other amounts receivable | 41 | €29,154 | €19,902 | -€9,252 | -31.7% |
| Cash at bank and in hand | 54/58 | €53,291 | €42,589 | -€10,703 | -20.1% |
| Deferred charges and accrued income | 490/1 | €24 | €27 | +€2 | +8.9% |
| Total equity and liabilities | 10/49 | €194,629 | €176,343 | -€18,286 | -9.4% |
| Equity | 10/15 | €74,621 | €56,749 | -€17,872 | -24.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,621 | €53,749 | -€17,872 | -25.0% |
| Amounts payable | 17/49 | €120,008 | €119,594 | -€414 | -0.3% |
| Amounts payable within one year | 42/48 | €119,827 | €119,594 | -€233 | -0.2% |
| Trade debts | 44 | €108,041 | €101,622 | -€6,419 | -5.9% |
| Suppliers | 440/4 | €108,041 | €101,622 | -€6,419 | -5.9% |
| Taxes, remuneration and social security | 45 | €4,711 | €10,540 | +€5,829 | +124% |
| Taxes | 450/3 | €4,711 | €4,875 | +€164 | +3.5% |
| Remuneration and social security | 454/9 | €0 | €5,665 | +€5,665 | |
| Other amounts payable | 47/48 | €7,075 | €7,432 | +€358 | +5.1% |
| Accrued charges and deferred income | 492/3 | €181 | €0 | -€181 | -100% |
| Non-recurring operating income | 76A | €14 | - | -€14 | |
| Remuneration, social security and pensions | 62 | €463 | €13,190 | +€12,727 | +2,749% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,107 | €2,033 | -€74 | -3.5% |
| Other operating charges | 640/8 | €512 | €549 | +€37 | +7.3% |
| Non-recurring operating charges | 66A | - | €602 | +€602 | |
| Gross operating margin | 9900 | €26,759 | -€1,226 | -€27,985 | |
| Operating profit (loss) | 9901 | €23,677 | -€17,600 | -€41,277 | |
| Financial income | 75/76B | - | €0 | = | |
| Recurring financial income | 75 | - | €0 | = | |
| Financial charges | 65/66B | €212 | €272 | +€61 | +28.7% |
| Recurring financial charges | 65 | €212 | €272 | +€61 | +28.7% |
| Profit (loss) for the period before taxes | 9903 | €23,466 | -€17,872 | -€41,338 | |
| Income taxes | 67/77 | €4,667 | - | -€4,667 | |
| Profit (loss) for the period | 9904 | €18,799 | -€17,872 | -€36,671 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,799 | -€17,872 | -€36,671 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.