PEGASUS BRIDGE: 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 BRIDGE
Largest movements
- Receivables within one year -€144,726
down €144,726 (-26.4%), from €548,380 to €403,654
of which Other amounts receivable: -€118,157
- Stocks and contracts +€122,043
up €122,043 (+95.3%), from €128,051 to €250,094
- Financial fixed assets -€29,389
down €29,389 (-3.3%), from €880,625 to €851,236
- Receivables after one year +€23,205
up €23,205 (+12.4%), from €186,652 to €209,857
of which Other amounts receivable: +€202,857
- Debts after one year +€114,857
up €114,857 (+9.0%), from €1.3m to €1.4m
- Trade debts -€103,369
down €103,369 (-88.1%), from €117,332 to €13,963
- Profit (loss) carried forward -€26,993
down €26,993 (-143%), from -€18,935 to -€45,928
- Financial charges +€18,264
up €18,264 (+40.8%), from €44,820 to €63,084
of which Non-recurring financial charges: +€33,521
- Gross operating margin +€9,947
up €9,947 (+41.9%), from €23,734 to €33,681
- Financial income +€2,588
up €2,588 (+263%), from €985 to €3,573
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 | €1,756,041 | €1,726,904 | -€29,137 | -1.7% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €880,625 | €851,236 | -€29,389 | -3.3% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Financial fixed assets | 28 | €880,625 | €851,236 | -€29,389 | -3.3% |
| Current assets | 29/58 | €875,416 | €875,668 | +€252 | 0.0% |
| Amounts receivable after more than one year | 29 | €186,652 | €209,857 | +€23,205 | +12.4% |
| Trade receivables | 290 | €179,652 | - | -€179,652 | |
| Other amounts receivable | 291 | €7,000 | €209,857 | +€202,857 | +2,898% |
| Stocks and contracts in progress | 3 | €128,051 | €250,094 | +€122,043 | +95.3% |
| Stocks | 30/36 | €128,051 | €250,094 | +€122,043 | +95.3% |
| Amounts receivable within one year | 40/41 | €548,380 | €403,654 | -€144,726 | -26.4% |
| Trade receivables | 40 | €29,040 | €2,471 | -€26,569 | -91.5% |
| Other amounts receivable | 41 | €519,340 | €401,183 | -€118,157 | -22.8% |
| Cash at bank and in hand | 54/58 | €10,353 | €8,490 | -€1,863 | -18.0% |
| Deferred charges and accrued income | 490/1 | €1,981 | €3,573 | +€1,593 | +80.4% |
| Total equity and liabilities | 10/49 | €1,756,041 | €1,726,904 | -€29,137 | -1.7% |
| Equity | 10/15 | €231,623 | €204,630 | -€26,993 | -11.7% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Capital | 10 | €250,000 | €250,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Uncalled capital | 101 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €558 | €558 | = | 0.0% |
| Non-distributable reserves | 130/1 | €558 | €558 | = | 0.0% |
| Legal reserve | 130 | €558 | €558 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,935 | -€45,928 | -€26,993 | -143% |
| Amounts payable | 17/49 | €1,524,418 | €1,522,274 | -€2,144 | -0.1% |
| Amounts payable after more than one year | 17 | €1,279,622 | €1,394,479 | +€114,857 | +9.0% |
| Financial debts | 170/4 | €1,279,622 | €1,394,479 | +€114,857 | +9.0% |
| Amounts payable within one year | 42/48 | €197,311 | €94,874 | -€102,437 | -51.9% |
| Current portion of amounts payable after more than one year | 42 | €79,979 | €80,911 | +€933 | +1.2% |
| Trade debts | 44 | €117,332 | €13,963 | -€103,369 | -88.1% |
| Suppliers | 440/4 | €117,332 | €13,963 | -€103,369 | -88.1% |
| Accrued charges and deferred income | 492/3 | €47,486 | €32,921 | -€14,565 | -30.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205 | - | -€205 | |
| Other operating charges | 640/8 | €877 | €1,164 | +€288 | +32.8% |
| Gross operating margin | 9900 | €23,734 | €33,681 | +€9,947 | +41.9% |
| Operating profit (loss) | 9901 | €22,653 | €32,517 | +€9,864 | +43.5% |
| Financial income | 75/76B | €985 | €3,573 | +€2,588 | +263% |
| Recurring financial income | 75 | €985 | €3,573 | +€2,588 | +263% |
| Financial charges | 65/66B | €44,820 | €63,084 | +€18,264 | +40.8% |
| Recurring financial charges | 65 | €44,820 | €29,562 | -€15,257 | -34.0% |
| Non-recurring financial charges | 66B | - | €33,521 | +€33,521 | |
| Profit (loss) for the period before taxes | 9903 | -€21,181 | -€26,993 | -€5,812 | -27.4% |
| Profit (loss) for the period | 9904 | -€21,181 | -€26,993 | -€5,812 | -27.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€21,181 | -€26,993 | -€5,812 | -27.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.