PEGASUS BV: what changed
Two fiscal 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 BV
Largest movements
- Receivables within one year -€40,208
down €40,208 (-47.0%), from €85,459 to €45,251
of which Other amounts receivable: -€29,487
- Deferred charges and accrued income +€21,535
up €21,535 (+6409.1%), from €336 to €21,871
- Cash -€14,972
down €14,972 (-28.1%), from €53,373 to €38,400
mainly Contributions, distributions and other (-€86,190) and Deferred charges and accrued income (-€21,535)
- Tangible fixed assets -€12,162
down €12,162 (-11.1%), from €109,419 to €97,257
of which Furniture and vehicles: -€10,158
- Reserves -€43,542
down €43,542 (-19.6%), from €221,711 to €178,169
of which Distributable reserves: -€43,542
- Trade debts -€4,288
down €4,288 (-41.1%), from €10,435 to €6,147
- Tax, wage and social debts +€3,261
up €3,261 (+117.7%), from €2,769 to €6,030
- Gross operating margin -€21,786
down €21,786 (-17.8%), from €122,151 to €100,365
- Taxes -€8,747
down €8,747 (-25.5%), from €34,294 to €25,547
- Depreciation +€6,669
up €6,669 (+28.0%), from €23,794 to €30,463
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.
Cash bridge derived
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 | €248,586 | €202,780 | -€45,806 | -18.4% |
| Fixed assets | 21/28 | €109,419 | €97,257 | -€12,162 | -11.1% |
| Tangible fixed assets | 22/27 | €109,419 | €97,257 | -€12,162 | -11.1% |
| Land and buildings | 22 | €2,885 | €1,923 | -€962 | -33.3% |
| Plant, machinery and equipment | 23 | €10,470 | €9,429 | -€1,042 | -9.9% |
| Furniture and vehicles | 24 | €96,064 | €85,905 | -€10,158 | -10.6% |
| Current assets | 29/58 | €139,168 | €105,523 | -€33,645 | -24.2% |
| Amounts receivable within one year | 40/41 | €85,459 | €45,251 | -€40,208 | -47.0% |
| Trade receivables | 40 | €44,704 | €33,983 | -€10,721 | -24.0% |
| Other amounts receivable | 41 | €40,755 | €11,268 | -€29,487 | -72.4% |
| Cash at bank and in hand | 54/58 | €53,373 | €38,400 | -€14,972 | -28.1% |
| Deferred charges and accrued income | 490/1 | €336 | €21,871 | +€21,535 | +6409.1% |
| Total equity and liabilities | 10/49 | €248,586 | €202,780 | -€45,806 | -18.4% |
| Equity | 10/15 | €234,111 | €190,569 | -€43,542 | -18.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €221,711 | €178,169 | -€43,542 | -19.6% |
| Tax-exempt reserves | 132 | €459 | €459 | = | 0.0% |
| Distributable reserves | 133 | €221,253 | €177,710 | -€43,542 | -19.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €14,475 | €12,211 | -€2,264 | -15.6% |
| Amounts payable within one year | 42/48 | €14,475 | €12,211 | -€2,264 | -15.6% |
| Trade debts | 44 | €10,435 | €6,147 | -€4,288 | -41.1% |
| Suppliers | 440/4 | €10,435 | €6,147 | -€4,288 | -41.1% |
| Taxes, remuneration and social security | 45 | €2,769 | €6,030 | +€3,261 | +117.7% |
| Taxes | 450/3 | €2,769 | €6,030 | +€3,261 | +117.7% |
| Other amounts payable | 47/48 | €1,270 | €33 | -€1,237 | -97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,794 | €30,463 | +€6,669 | +28.0% |
| Other operating charges | 640/8 | €505 | €1,516 | +€1,011 | +200.1% |
| Gross operating margin | 9900 | €122,151 | €100,365 | -€21,786 | -17.8% |
| Operating profit (loss) | 9901 | €97,852 | €68,385 | -€29,466 | -30.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €161 | €190 | +€29 | +18.0% |
| Recurring financial charges | 65 | €161 | €190 | +€29 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €97,691 | €68,195 | -€29,495 | -30.2% |
| Income taxes | 67/77 | €34,294 | €25,547 | -€8,747 | -25.5% |
| Profit (loss) for the period | 9904 | €63,397 | €42,648 | -€20,749 | -32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €63,397 | €42,648 | -€20,749 | -32.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.