Pegasus Services: 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 Services
Largest movements
- Receivables within one year +€135,798
up €135,798 (+80.6%), from €168,382 to €304,181
of which Trade receivables: +€99,101
- Cash +€128,348
up €128,348 (+96.3%), from €133,321 to €261,668
mainly Net result for the year (+€327,544) and Tax, wage and social debts (+€102,231)
- Stocks and contracts +€90,952
up €90,952 (+22.4%), from €406,353 to €497,305
- Tangible fixed assets +€38,920
up €38,920 (+92.2%), from €42,200 to €81,120
of which Plant, machinery and equipment: +€24,238
- Profit (loss) carried forward +€262,250
up €262,250 (+58.9%), from €445,551 to €707,801
- Tax, wage and social debts +€102,231
up €102,231 (+58.6%), from €174,444 to €276,675
of which Taxes: +€79,719
- Other debts +€18,111
up €18,111 (+16.4%), from €110,496 to €128,607
- Gross operating margin +€809,177
up €809,177 (+146.5%), from €552,355 to €1.4m
- Staff costs +€562,577
up €562,577 (+173.0%), from €325,149 to €887,726
- Taxes +€55,156
up €55,156 (+88.0%), from €62,703 to €117,859
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 | €763,772 | €1,155,905 | +€392,133 | +51.3% |
| Fixed assets | 21/28 | €53,090 | €92,690 | +€39,600 | +74.6% |
| Tangible fixed assets | 22/27 | €42,200 | €81,120 | +€38,920 | +92.2% |
| Plant, machinery and equipment | 23 | €5,545 | €29,783 | +€24,238 | +437.1% |
| Furniture and vehicles | 24 | €4,384 | €14,818 | +€10,434 | +238.0% |
| Other tangible fixed assets | 26 | €32,271 | €36,519 | +€4,248 | +13.2% |
| Financial fixed assets | 28 | €10,890 | €11,570 | +€680 | +6.2% |
| Current assets | 29/58 | €710,682 | €1,063,215 | +€352,533 | +49.6% |
| Stocks and contracts in progress | 3 | €406,353 | €497,305 | +€90,952 | +22.4% |
| Stocks | 30/36 | €406,353 | €497,305 | +€90,952 | +22.4% |
| Amounts receivable within one year | 40/41 | €168,382 | €304,181 | +€135,798 | +80.6% |
| Trade receivables | 40 | €167,067 | €266,168 | +€99,101 | +59.3% |
| Other amounts receivable | 41 | €1,316 | €38,013 | +€36,697 | +2789.5% |
| Cash at bank and in hand | 54/58 | €133,321 | €261,668 | +€128,348 | +96.3% |
| Deferred charges and accrued income | 490/1 | €2,626 | €61 | -€2,565 | -97.7% |
| Total equity and liabilities | 10/49 | €763,772 | €1,155,905 | +€392,133 | +51.3% |
| Equity | 10/15 | €451,751 | €714,001 | +€262,250 | +58.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €445,551 | €707,801 | +€262,250 | +58.9% |
| Amounts payable | 17/49 | €312,021 | €441,904 | +€129,882 | +41.6% |
| Amounts payable within one year | 42/48 | €309,955 | €439,834 | +€129,879 | +41.9% |
| Trade debts | 44 | €25,015 | €34,552 | +€9,537 | +38.1% |
| Suppliers | 440/4 | €25,015 | €34,552 | +€9,537 | +38.1% |
| Taxes, remuneration and social security | 45 | €174,444 | €276,675 | +€102,231 | +58.6% |
| Taxes | 450/3 | €116,129 | €195,849 | +€79,719 | +68.6% |
| Remuneration and social security | 454/9 | €58,315 | €80,827 | +€22,512 | +38.6% |
| Other amounts payable | 47/48 | €110,496 | €128,607 | +€18,111 | +16.4% |
| Accrued charges and deferred income | 492/3 | €2,066 | €2,069 | +€4 | +0.2% |
| Non-recurring operating income | 76A | €7,289 | €0 | -€7,289 | -100.0% |
| Remuneration, social security and pensions | 62 | €325,149 | €887,726 | +€562,577 | +173.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,724 | €13,075 | +€5,351 | +69.3% |
| Other operating charges | 640/8 | €3,503 | €4,119 | +€616 | +17.6% |
| Non-recurring operating charges | 66A | €2,054 | €6,000 | +€3,946 | +192.1% |
| Gross operating margin | 9900 | €552,355 | €1,361,531 | +€809,177 | +146.5% |
| Operating profit (loss) | 9901 | €213,925 | €450,612 | +€236,687 | +110.6% |
| Financial income | 75/76B | €642 | €913 | +€271 | +42.3% |
| Recurring financial income | 75 | €642 | €913 | +€271 | +42.3% |
| Financial charges | 65/66B | €2,801 | €6,121 | +€3,320 | +118.5% |
| Recurring financial charges | 65 | €2,801 | €6,121 | +€3,320 | +118.5% |
| Profit (loss) for the period before taxes | 9903 | €211,766 | €445,403 | +€233,638 | +110.3% |
| Income taxes | 67/77 | €62,703 | €117,859 | +€55,156 | +88.0% |
| Profit (loss) for the period | 9904 | €149,063 | €327,544 | +€178,482 | +119.7% |
| Profit (loss) for the period to be appropriated | 9905 | €149,063 | €327,544 | +€178,482 | +119.7% |
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 9 October 2026 via checked.be.