PEGARE: 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.
PEGARE
Largest movements
- Receivables within one year -€249,725
down €249,725 (-97.8%), from €255,382 to €5,657
of which Trade receivables: -€255,382
- Tangible fixed assets -€214,961
down €214,961 (-9.7%), from €2.2m to €2.0m
of which Land and buildings: -€214,879
- Deferred charges and accrued income -€138,171
down €138,171 (-49.3%), from €279,995 to €141,825
- Current investments +€50,000
up €50,000 (+4.1%), from €1.2m to €1.3m
- Other debts -€734,299
down €734,299 (-99.3%), from €739,569 to €5,270
- Profit (loss) carried forward +€494,624
up €494,624, from €0 to €494,624
- Accrued charges and deferred income -€260,057
down €260,057 (-99.1%), from €262,461 to €2,405
- Tax, wage and social debts -€50,921
down €50,921 (-98.6%), from €51,670 to €749
- Gross operating margin +€38,674
up €38,674 (+4.8%), from €807,342 to €846,016
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 | €4,133,057 | €3,586,679 | -€546,377 | -13.2% |
| Fixed assets | 21/28 | €2,230,907 | €2,015,946 | -€214,961 | -9.6% |
| Tangible fixed assets | 22/27 | €2,204,907 | €1,989,946 | -€214,961 | -9.7% |
| Land and buildings | 22 | €2,202,940 | €1,988,062 | -€214,879 | -9.8% |
| Plant, machinery and equipment | 23 | €1,967 | €1,885 | -€83 | -4.2% |
| Financial fixed assets | 28 | €26,000 | €26,000 | = | 0.0% |
| Current assets | 29/58 | €1,902,149 | €1,570,733 | -€331,416 | -17.4% |
| Amounts receivable within one year | 40/41 | €255,382 | €5,657 | -€249,725 | -97.8% |
| Trade receivables | 40 | €255,382 | €0 | -€255,382 | -100% |
| Other amounts receivable | 41 | - | €5,657 | +€5,657 | |
| Current investments | 50/53 | €1,220,000 | €1,270,000 | +€50,000 | +4.1% |
| Cash at bank and in hand | 54/58 | €146,772 | €153,251 | +€6,479 | +4.4% |
| Deferred charges and accrued income | 490/1 | €279,995 | €141,825 | -€138,171 | -49.3% |
| Total equity and liabilities | 10/49 | €4,133,057 | €3,586,679 | -€546,377 | -13.2% |
| Equity | 10/15 | €3,076,479 | €3,571,103 | +€494,624 | +16.1% |
| Contributions | 10/11 | €3,039,453 | €3,039,453 | = | 0.0% |
| Reserves | 13 | €37,026 | €37,026 | = | 0.0% |
| Tax-exempt reserves | 132 | €35,171 | €35,171 | = | 0.0% |
| Distributable reserves | 133 | €1,855 | €1,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €494,624 | +€494,624 | |
| Amounts payable | 17/49 | €1,056,578 | €15,576 | -€1.0m | -98.5% |
| Amounts payable within one year | 42/48 | €794,117 | €13,171 | -€780,945 | -98.3% |
| Trade debts | 44 | €2,878 | €7,152 | +€4,274 | +149% |
| Suppliers | 440/4 | €2,878 | €7,152 | +€4,274 | +149% |
| Taxes, remuneration and social security | 45 | €51,670 | €749 | -€50,921 | -98.6% |
| Taxes | 450/3 | €51,670 | €749 | -€50,921 | -98.6% |
| Other amounts payable | 47/48 | €739,569 | €5,270 | -€734,299 | -99.3% |
| Accrued charges and deferred income | 492/3 | €262,461 | €2,405 | -€260,057 | -99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €220,062 | €221,281 | +€1,218 | +0.6% |
| Other operating charges | 640/8 | €74,000 | €76,457 | +€2,458 | +3.3% |
| Gross operating margin | 9900 | €807,342 | €846,016 | +€38,674 | +4.8% |
| Operating profit (loss) | 9901 | €513,280 | €548,278 | +€34,998 | +6.8% |
| Financial income | 75/76B | €23,967 | €18,952 | -€5,015 | -20.9% |
| Recurring financial income | 75 | €23,967 | €18,952 | -€5,015 | -20.9% |
| Financial charges | 65/66B | €204 | €205 | +€1 | +0.7% |
| Recurring financial charges | 65 | €204 | €205 | +€1 | +0.7% |
| Profit (loss) for the period before taxes | 9903 | €537,043 | €567,025 | +€29,982 | +5.6% |
| Income taxes | 67/77 | €78,221 | €72,400 | -€5,821 | -7.4% |
| Profit (loss) for the period | 9904 | €458,822 | €494,624 | +€35,802 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €458,822 | €494,624 | +€35,802 | +7.8% |
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 16 October 2026 via checked.be.