PEGAMO I: 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.
PEGAMO I
Largest movements
- Tangible fixed assets -€598,477
down €598,477 (-7.9%), from €7.6m to €7.0m
- Current investments +€227,237
up €227,237 (+7.7%), from €2.9m to €3.2m
- Receivables within one year +€178,533
up €178,533 (+33.7%), from €529,270 to €707,803
of which Other amounts receivable: +€165,000
- Other debts -€198,156
down €198,156 (-16.1%), from €1.2m to €1.0m
- Taxes +€94,907
up €94,907 (+75.1%), from €126,370 to €221,277
- Financial income -€37,567
down €37,567 (-43.8%), from €85,678 to €48,111
- Depreciation +€35,881
up €35,881 (+5.0%), from €714,422 to €750,303
- Gross operating margin -€27,480
down €27,480 (-1.3%), from €2.1m to €2.1m
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 | €11,443,219 | €11,249,658 | -€193,562 | -1.7% |
| Fixed assets | 21/28 | €7,687,497 | €7,089,020 | -€598,477 | -7.8% |
| Tangible fixed assets | 22/27 | €7,568,296 | €6,969,819 | -€598,477 | -7.9% |
| Land and buildings | 22 | €7,568,296 | €6,969,819 | -€598,477 | -7.9% |
| Financial fixed assets | 28 | €119,201 | €119,201 | = | 0.0% |
| Current assets | 29/58 | €3,755,722 | €4,160,638 | +€404,916 | +10.8% |
| Amounts receivable within one year | 40/41 | €529,270 | €707,803 | +€178,533 | +33.7% |
| Trade receivables | 40 | €499,070 | €512,603 | +€13,533 | +2.7% |
| Other amounts receivable | 41 | €30,200 | €195,200 | +€165,000 | +546% |
| Current investments | 50/53 | €2,935,000 | €3,162,237 | +€227,237 | +7.7% |
| Cash at bank and in hand | 54/58 | €129,420 | €145,115 | +€15,695 | +12.1% |
| Deferred charges and accrued income | 490/1 | €162,033 | €145,484 | -€16,549 | -10.2% |
| Total equity and liabilities | 10/49 | €11,443,219 | €11,249,658 | -€193,562 | -1.7% |
| Equity | 10/15 | €9,560,104 | €9,560,104 | = | 0.0% |
| Contributions | 10/11 | €9,558,249 | €9,558,249 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,883,115 | €1,689,554 | -€193,562 | -10.3% |
| Amounts payable within one year | 42/48 | €1,317,613 | €1,109,476 | -€208,137 | -15.8% |
| Trade debts | 44 | €76,943 | €72,373 | -€4,570 | -5.9% |
| Suppliers | 440/4 | €76,943 | €72,373 | -€4,570 | -5.9% |
| Taxes, remuneration and social security | 45 | €12,079 | €6,669 | -€5,410 | -44.8% |
| Taxes | 450/3 | €12,079 | €6,669 | -€5,410 | -44.8% |
| Other amounts payable | 47/48 | €1,228,591 | €1,030,435 | -€198,156 | -16.1% |
| Accrued charges and deferred income | 492/3 | €565,502 | €580,078 | +€14,575 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €714,422 | €750,303 | +€35,881 | +5.0% |
| Other operating charges | 640/8 | €192,413 | €196,313 | +€3,901 | +2.0% |
| Gross operating margin | 9900 | €2,123,038 | €2,095,558 | -€27,480 | -1.3% |
| Operating profit (loss) | 9901 | €1,216,204 | €1,148,942 | -€67,262 | -5.5% |
| Financial income | 75/76B | €85,678 | €48,111 | -€37,567 | -43.8% |
| Recurring financial income | 75 | €85,678 | €48,111 | -€37,567 | -43.8% |
| Financial charges | 65/66B | €1,835 | €255 | -€1,579 | -86.1% |
| Recurring financial charges | 65 | €1,835 | €255 | -€1,579 | -86.1% |
| Profit (loss) for the period before taxes | 9903 | €1,300,047 | €1,196,798 | -€103,250 | -7.9% |
| Income taxes | 67/77 | €126,370 | €221,277 | +€94,907 | +75.1% |
| Profit (loss) for the period | 9904 | €1,173,677 | €975,521 | -€198,156 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,173,677 | €975,521 | -€198,156 | -16.9% |
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 25 October 2026 via checked.be.