PEGAPARK: 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.
PEGAPARK
Largest movements
- Current investments -€65,000
down €65,000 (-21.0%), from €310,000 to €245,000
- Tangible fixed assets -€22,483
down €22,483 (-5.1%), from €440,124 to €417,642
- Receivables within one year +€19,042
up €19,042 (+242%), from €7,870 to €26,911
of which Trade receivables: +€21,849
- Deferred charges and accrued income +€11,497
up €11,497 (+54.4%), from €21,131 to €32,628
- Profit (loss) carried forward -€50,808
down €50,808 (-7.6%), from -€672,877 to -€723,685
- Gross operating margin +€25,919
up €25,919 (+76.6%), from -€33,835 to -€7,916
- Financial income -€5,002
down €5,002 (-51.6%), from €9,698 to €4,696
- Depreciation +€699
up €699 (+2.3%), from €30,692 to €31,391
- Taxes -€641
down €641, from €0 to -€641
- Other operating charges +€494
up €494 (+3.1%), from €16,140 to €16,634
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 | €1,003,447 | €950,012 | -€53,436 | -5.3% |
| Fixed assets | 21/28 | €471,343 | €448,860 | -€22,483 | -4.8% |
| Tangible fixed assets | 22/27 | €440,124 | €417,642 | -€22,483 | -5.1% |
| Land and buildings | 22 | €440,124 | €417,642 | -€22,483 | -5.1% |
| Financial fixed assets | 28 | €31,218 | €31,218 | = | 0.0% |
| Current assets | 29/58 | €532,105 | €501,152 | -€30,953 | -5.8% |
| Amounts receivable after more than one year | 29 | €35,500 | €35,500 | = | 0.0% |
| Other amounts receivable | 291 | €35,500 | €35,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €7,870 | €26,911 | +€19,042 | +242% |
| Trade receivables | 40 | - | €21,849 | +€21,849 | |
| Other amounts receivable | 41 | €7,870 | €5,062 | -€2,808 | -35.7% |
| Current investments | 50/53 | €310,000 | €245,000 | -€65,000 | -21.0% |
| Cash at bank and in hand | 54/58 | €157,604 | €161,112 | +€3,508 | +2.2% |
| Deferred charges and accrued income | 490/1 | €21,131 | €32,628 | +€11,497 | +54.4% |
| Total equity and liabilities | 10/49 | €1,003,447 | €950,012 | -€53,436 | -5.3% |
| Equity | 10/15 | €969,886 | €919,078 | -€50,808 | -5.2% |
| Contributions | 10/11 | €1,642,764 | €1,642,764 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€672,877 | -€723,685 | -€50,808 | -7.6% |
| Amounts payable | 17/49 | €33,561 | €30,933 | -€2,628 | -7.8% |
| Amounts payable within one year | 42/48 | €19,308 | €13,071 | -€6,237 | -32.3% |
| Trade debts | 44 | €19,308 | €13,071 | -€6,237 | -32.3% |
| Suppliers | 440/4 | €19,308 | €13,071 | -€6,237 | -32.3% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €14,253 | €17,863 | +€3,610 | +25.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,692 | €31,391 | +€699 | +2.3% |
| Other operating charges | 640/8 | €16,140 | €16,634 | +€494 | +3.1% |
| Gross operating margin | 9900 | -€33,835 | -€7,916 | +€25,919 | +76.6% |
| Operating profit (loss) | 9901 | -€80,667 | -€55,941 | +€24,726 | +30.7% |
| Financial income | 75/76B | €9,698 | €4,696 | -€5,002 | -51.6% |
| Recurring financial income | 75 | €9,698 | €4,696 | -€5,002 | -51.6% |
| Financial charges | 65/66B | €204 | €204 | +€0 | +0.1% |
| Recurring financial charges | 65 | €204 | €204 | +€0 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€71,173 | -€51,449 | +€19,724 | +27.7% |
| Income taxes | 67/77 | €0 | -€641 | -€641 | |
| Profit (loss) for the period | 9904 | -€71,173 | -€50,808 | +€20,365 | +28.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€71,173 | -€50,808 | +€20,365 | +28.6% |
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.