PEGASUS: 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.
PEGASUS
Largest movements
- Intangible fixed assets -€780,331
down €780,331 (-20.6%), from €3.8m to €3.0m
- Profit (loss) carried forward -€978,164
down €978,164 (-146%), from -€668,162 to -€1.6m
- Other debts +€196,469
up €196,469 (+8.0%), from €2.5m to €2.6m
- Depreciation +€466,755
up €466,755 (+120%), from €388,576 to €855,331
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 | €3,794,557 | €3,014,550 | -€780,007 | -20.6% |
| Fixed assets | 21/28 | €3,794,330 | €3,013,999 | -€780,331 | -20.6% |
| Intangible fixed assets | 21 | €3,794,330 | €3,013,999 | -€780,331 | -20.6% |
| Current assets | 29/58 | €227 | €551 | +€324 | +143% |
| Cash at bank and in hand | 54/58 | €227 | €551 | +€324 | +143% |
| Total equity and liabilities | 10/49 | €3,794,557 | €3,014,550 | -€780,007 | -20.6% |
| Equity | 10/15 | €1,331,838 | €353,674 | -€978,164 | -73.4% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Capital | 10 | €2,000,000 | €2,000,000 | = | 0.0% |
| Issued capital | 100 | €2,000,000 | €2,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€668,162 | -€1,646,326 | -€978,164 | -146% |
| Amounts payable | 17/49 | €2,462,719 | €2,660,876 | +€198,156 | +8.0% |
| Amounts payable within one year | 42/48 | €2,462,719 | €2,660,876 | +€198,156 | +8.0% |
| Trade debts | 44 | €11,882 | €13,569 | +€1,687 | +14.2% |
| Suppliers | 440/4 | €11,882 | €13,569 | +€1,687 | +14.2% |
| Other amounts payable | 47/48 | €2,450,837 | €2,647,306 | +€196,469 | +8.0% |
| Operating charges | 60/66A | €405,905 | €875,009 | +€469,104 | +116% |
| Services and other goods | 61 | €7,495 | €5,132 | -€2,364 | -31.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €388,576 | €855,331 | +€466,755 | +120% |
| Other operating charges | 640/8 | €9,834 | €14,546 | +€4,712 | +47.9% |
| Operating profit (loss) | 9901 | -€405,905 | -€875,009 | -€469,104 | -116% |
| Financial charges | 65/66B | €138,479 | €103,154 | -€35,324 | -25.5% |
| Recurring financial charges | 65 | €138,479 | €103,154 | -€35,324 | -25.5% |
| Debt charges | 650 | €138,073 | €102,721 | -€35,351 | -25.6% |
| Other financial charges | 652/9 | €406 | €433 | +€27 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | -€544,384 | -€978,164 | -€433,780 | -79.7% |
| Profit (loss) for the period | 9904 | -€544,384 | -€978,164 | -€433,780 | -79.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€544,384 | -€978,164 | -€433,780 | -79.7% |
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.