PEGACOSMOS: 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.
PEGACOSMOS
Largest movements
- Current investments -€540,000
down €540,000 (-24.4%), from €2.2m to €1.7m
- Profit (loss) carried forward -€522,238
down €522,238 (-17.5%), from -€3.0m to -€3.5m
- Gross operating margin -€454,317
down €454,317, from €130,293 to -€324,024
- Taxes +€36,766
up €36,766, from -€36,766 to €0
- Financial income -€33,701
down €33,701 (-50.9%), from €66,245 to €32,545
- Depreciation +€8,683
up €8,683 (+5.2%), from €168,189 to €176,872
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,213,087 | €5,706,210 | -€506,877 | -8.2% |
| Fixed assets | 21/28 | €3,601,394 | €3,638,520 | +€37,126 | +1.0% |
| Tangible fixed assets | 22/27 | €3,541,394 | €3,578,520 | +€37,126 | +1.0% |
| Land and buildings | 22 | €3,539,910 | €3,577,188 | +€37,278 | +1.1% |
| Plant, machinery and equipment | 23 | €1,484 | €1,332 | -€152 | -10.2% |
| Financial fixed assets | 28 | €60,000 | €60,000 | = | 0.0% |
| Current assets | 29/58 | €2,611,693 | €2,067,690 | -€544,003 | -20.8% |
| Amounts receivable within one year | 40/41 | €233,173 | €178,335 | -€54,838 | -23.5% |
| Trade receivables | 40 | €116,416 | €110,442 | -€5,974 | -5.1% |
| Other amounts receivable | 41 | €116,757 | €67,893 | -€48,864 | -41.9% |
| Current investments | 50/53 | €2,210,000 | €1,670,000 | -€540,000 | -24.4% |
| Cash at bank and in hand | 54/58 | €152,282 | €180,389 | +€28,107 | +18.5% |
| Deferred charges and accrued income | 490/1 | €16,237 | €38,965 | +€22,728 | +140% |
| Total equity and liabilities | 10/49 | €6,213,087 | €5,706,210 | -€506,877 | -8.2% |
| Equity | 10/15 | €6,176,518 | €5,654,280 | -€522,238 | -8.5% |
| Contributions | 10/11 | €9,161,000 | €9,161,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,984,482 | -€3,506,720 | -€522,238 | -17.5% |
| Amounts payable | 17/49 | €36,569 | €51,930 | +€15,361 | +42.0% |
| Amounts payable within one year | 42/48 | €27,734 | €39,973 | +€12,239 | +44.1% |
| Trade debts | 44 | €27,734 | €39,973 | +€12,239 | +44.1% |
| Suppliers | 440/4 | €27,734 | €39,973 | +€12,239 | +44.1% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €8,835 | €11,957 | +€3,122 | +35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €168,189 | €176,872 | +€8,683 | +5.2% |
| Other operating charges | 640/8 | €52,274 | €53,681 | +€1,408 | +2.7% |
| Gross operating margin | 9900 | €130,293 | -€324,024 | -€454,317 | |
| Operating profit (loss) | 9901 | -€90,170 | -€554,577 | -€464,407 | -515% |
| Financial income | 75/76B | €66,245 | €32,545 | -€33,701 | -50.9% |
| Recurring financial income | 75 | €66,245 | €32,545 | -€33,701 | -50.9% |
| Financial charges | 65/66B | €615 | €205 | -€410 | -66.6% |
| Recurring financial charges | 65 | €615 | €205 | -€410 | -66.6% |
| Profit (loss) for the period before taxes | 9903 | -€24,540 | -€522,238 | -€497,698 | -2,028% |
| Income taxes | 67/77 | -€36,766 | €0 | +€36,766 | |
| Profit (loss) for the period | 9904 | €12,226 | -€522,238 | -€534,464 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,226 | -€522,238 | -€534,464 |
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 26 October 2026 via checked.be.