PEGASUS SOLUTIONS: 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 SOLUTIONS
Largest movements
- Receivables within one year +€35,372
up €35,372 (+165%), from €21,445 to €56,817
of which Trade receivables: +€41,355
- Cash -€33,841
down €33,841 (-29.0%), from €116,777 to €82,936
mainly Advances received (-€84,999) and Other debts (-€47,774)
- Tangible fixed assets -€20,722
down €20,722 (-17.3%), from €119,583 to €98,861
of which Land and buildings: -€13,202
- Profit (loss) carried forward +€86,926
up €86,926, from -€78,619 to €8,307
- Advances received -€84,999
no longer reported in 2025 (was €84,999)
- Other debts -€47,774
down €47,774 (-84.4%), from €56,585 to €8,811
- Tax, wage and social debts +€28,633
new in 2025: €28,633
- Provisions +€21,647
new in 2025: €21,647
- Gross operating margin +€164,541
up €164,541, from -€3,214 to €161,327
- Provisions +€21,647
new in 2025: €21,647
- Taxes +€20,046
new in 2025: €20,046
- Financial charges +€5,243
up €5,243 (+96.2%), from €5,451 to €10,693
- Financial income +€1,974
new in 2025: €1,974
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 | €257,805 | €238,614 | -€19,191 | -7.4% |
| Fixed assets | 21/28 | €119,583 | €98,861 | -€20,722 | -17.3% |
| Tangible fixed assets | 22/27 | €119,583 | €98,861 | -€20,722 | -17.3% |
| Land and buildings | 22 | €110,463 | €97,261 | -€13,202 | -12.0% |
| Furniture and vehicles | 24 | €9,120 | €1,600 | -€7,520 | -82.5% |
| Current assets | 29/58 | €138,222 | €139,753 | +€1,531 | +1.1% |
| Amounts receivable within one year | 40/41 | €21,445 | €56,817 | +€35,372 | +165% |
| Trade receivables | 40 | - | €41,355 | +€41,355 | |
| Other amounts receivable | 41 | €21,445 | €15,462 | -€5,983 | -27.9% |
| Cash at bank and in hand | 54/58 | €116,777 | €82,936 | -€33,841 | -29.0% |
| Total equity and liabilities | 10/49 | €257,805 | €238,614 | -€19,191 | -7.4% |
| Equity | 10/15 | -€77,619 | €9,307 | +€86,926 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,619 | €8,307 | +€86,926 | |
| Provisions and deferred taxes | 16 | - | €21,647 | +€21,647 | |
| Provisions for liabilities and charges | 160/5 | - | €21,647 | +€21,647 | |
| Environmental obligations | 163 | - | €21,647 | +€21,647 | |
| Amounts payable | 17/49 | €335,424 | €207,661 | -€127,763 | -38.1% |
| Amounts payable after more than one year | 17 | €162,879 | €146,316 | -€16,563 | -10.2% |
| Financial debts | 170/4 | €162,879 | €146,316 | -€16,563 | -10.2% |
| Amounts payable within one year | 42/48 | €172,546 | €61,345 | -€111,201 | -64.4% |
| Current portion of amounts payable after more than one year | 42 | €16,206 | €16,563 | +€357 | +2.2% |
| Trade debts | 44 | €14,756 | €7,339 | -€7,417 | -50.3% |
| Suppliers | 440/4 | €14,756 | €7,339 | -€7,417 | -50.3% |
| Advances received on contracts in progress | 46 | €84,999 | - | -€84,999 | |
| Taxes, remuneration and social security | 45 | - | €28,633 | +€28,633 | |
| Taxes | 450/3 | - | €28,633 | +€28,633 | |
| Other amounts payable | 47/48 | €56,585 | €8,811 | -€47,774 | -84.4% |
| Non-recurring operating income | 76A | - | €1,785 | +€1,785 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,963 | €20,722 | -€241 | -1.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €21,647 | +€21,647 | |
| Other operating charges | 640/8 | €1,308 | €3,057 | +€1,749 | +134% |
| Non-recurring operating charges | 66A | - | €210 | +€210 | |
| Gross operating margin | 9900 | -€3,214 | €161,327 | +€164,541 | |
| Operating profit (loss) | 9901 | -€25,485 | €115,691 | +€141,176 | |
| Financial income | 75/76B | - | €1,974 | +€1,974 | |
| Recurring financial income | 75 | - | €1,974 | +€1,974 | |
| Financial charges | 65/66B | €5,451 | €10,693 | +€5,243 | +96.2% |
| Recurring financial charges | 65 | €5,451 | €10,693 | +€5,243 | +96.2% |
| Profit (loss) for the period before taxes | 9903 | -€30,935 | €106,972 | +€137,907 | |
| Income taxes | 67/77 | - | €20,046 | +€20,046 | |
| Profit (loss) for the period | 9904 | -€30,935 | €86,926 | +€117,861 | |
| Profit (loss) for the period to be appropriated | 9905 | -€30,935 | €86,926 | +€117,861 |
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.