PEGABO: 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.
PEGABO
Largest movements
- Receivables within one year -€9,560
down €9,560 (-2.5%), from €379,163 to €369,602
of which Other amounts receivable: -€10,000
- Cash +€7,317
up €7,317 (+309.7%), from €2,363 to €9,680
mainly Net result for the year (+€31,510) and Receivables within one year (+€9,560)
- Deferred charges and accrued income +€6,937
up €6,937 (+49.2%), from €14,102 to €21,039
- Other debts -€32,000
down €32,000 (-27.1%), from €117,932 to €85,932
- Reserves +€31,510
up €31,510 (+41.1%), from €76,597 to €108,107
of which Distributable reserves: +€31,510
- Gross operating margin -€14,294
down €14,294 (-32.9%), from €43,385 to €29,091
- Financial charges -€558
down €558 (-16.2%), from €3,435 to €2,877
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 | €402,192 | €404,486 | +€2,294 | +0.6% |
| Fixed assets | 21/28 | €6,564 | €4,164 | -€2,400 | -36.6% |
| Tangible fixed assets | 22/27 | €6,564 | €4,164 | -€2,400 | -36.6% |
| Furniture and vehicles | 24 | €6,564 | €4,164 | -€2,400 | -36.6% |
| Current assets | 29/58 | €395,627 | €400,321 | +€4,694 | +1.2% |
| Amounts receivable within one year | 40/41 | €379,163 | €369,602 | -€9,560 | -2.5% |
| Trade receivables | 40 | €25,800 | €26,240 | +€440 | +1.7% |
| Other amounts receivable | 41 | €353,363 | €343,363 | -€10,000 | -2.8% |
| Cash at bank and in hand | 54/58 | €2,363 | €9,680 | +€7,317 | +309.7% |
| Deferred charges and accrued income | 490/1 | €14,102 | €21,039 | +€6,937 | +49.2% |
| Total equity and liabilities | 10/49 | €402,192 | €404,486 | +€2,294 | +0.6% |
| Equity | 10/15 | €276,597 | €308,107 | +€31,510 | +11.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €76,597 | €108,107 | +€31,510 | +41.1% |
| Tax-exempt reserves | 132 | €17,360 | €17,360 | = | 0.0% |
| Distributable reserves | 133 | €59,237 | €90,747 | +€31,510 | +53.2% |
| Amounts payable | 17/49 | €125,595 | €96,379 | -€29,216 | -23.3% |
| Amounts payable within one year | 42/48 | €120,215 | €88,443 | -€31,772 | -26.4% |
| Trade debts | 44 | €1,811 | €2,172 | +€360 | +19.9% |
| Suppliers | 440/4 | €1,811 | €2,172 | +€360 | +19.9% |
| Taxes, remuneration and social security | 45 | €471 | €339 | -€132 | -28.1% |
| Taxes | 450/3 | €471 | €339 | -€132 | -28.1% |
| Other amounts payable | 47/48 | €117,932 | €85,932 | -€32,000 | -27.1% |
| Accrued charges and deferred income | 492/3 | €5,380 | €7,936 | +€2,556 | +47.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,400 | €2,400 | = | 0.0% |
| Other operating charges | 640/8 | €698 | €715 | +€17 | +2.4% |
| Gross operating margin | 9900 | €43,385 | €29,091 | -€14,294 | -32.9% |
| Operating profit (loss) | 9901 | €40,286 | €25,975 | -€14,311 | -35.5% |
| Financial income | 75/76B | €8,753 | €8,719 | -€34 | -0.4% |
| Recurring financial income | 75 | €8,753 | €8,719 | -€34 | -0.4% |
| Financial charges | 65/66B | €3,435 | €2,877 | -€558 | -16.2% |
| Recurring financial charges | 65 | €3,435 | €2,877 | -€558 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | €45,605 | €31,818 | -€13,787 | -30.2% |
| Income taxes | 67/77 | €314 | €308 | -€6 | -2.1% |
| Profit (loss) for the period | 9904 | €45,291 | €31,510 | -€13,781 | -30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €45,291 | €31,510 | -€13,781 | -30.4% |
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 6 October 2026 via checked.be.