Pegasus Trading: 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 Trading
Largest movements
- Cash +€140,064
up €140,064 (+59.5%), from €235,218 to €375,282
mainly Trade debts (+€114,538) and Tax, wage and social debts (+€87,911)
- Stocks and contracts +€77,862
up €77,862 (+53.8%), from €144,834 to €222,697
- Trade debts +€114,538
up €114,538 (+21.6%), from €530,197 to €644,735
- Tax, wage and social debts +€87,911
up €87,911 (+147%), from €59,943 to €147,854
of which Remuneration and social security: +€103,616
- Reserves +€70,989
up €70,989 (+13.4%), from €529,964 to €600,952
of which Distributable reserves: +€70,989
- Short-term financial debts -€24,731
down €24,731 (-11.4%), from €216,221 to €191,489
- Provisions -€17,921
down €17,921 (-100%), from €17,921 to €0
- Gross operating margin +€245,897
up €245,897 (+92.6%), from €265,535 to €511,432
- Staff costs +€138,147
up €138,147 (+70.2%), from €196,672 to €334,819
- Financial charges +€53,758
up €53,758 (+112%), from €47,957 to €101,714
- Taxes +€46,101
up €46,101 (+216%), from €21,296 to €67,397
- Financial income +€22,097
up €22,097 (+60.8%), from €36,315 to €58,412
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 | €1,464,939 | €1,683,912 | +€218,973 | +14.9% |
| Fixed assets | 21/28 | €37,601 | €25,960 | -€11,642 | -31.0% |
| Tangible fixed assets | 22/27 | €32,190 | €20,548 | -€11,642 | -36.2% |
| Plant, machinery and equipment | 23 | €3,714 | €2,394 | -€1,320 | -35.5% |
| Furniture and vehicles | 24 | €28,476 | €18,154 | -€10,322 | -36.2% |
| Financial fixed assets | 28 | €5,411 | €5,411 | = | 0.0% |
| Current assets | 29/58 | €1,427,338 | €1,657,952 | +€230,614 | +16.2% |
| Stocks and contracts in progress | 3 | €144,834 | €222,697 | +€77,862 | +53.8% |
| Stocks | 30/36 | €144,834 | €222,697 | +€77,862 | +53.8% |
| Amounts receivable within one year | 40/41 | €1,041,515 | €1,055,075 | +€13,560 | +1.3% |
| Trade receivables | 40 | €964,843 | €993,755 | +€28,912 | +3.0% |
| Other amounts receivable | 41 | €76,672 | €61,320 | -€15,352 | -20.0% |
| Cash at bank and in hand | 54/58 | €235,218 | €375,282 | +€140,064 | +59.5% |
| Deferred charges and accrued income | 490/1 | €5,771 | €4,898 | -€872 | -15.1% |
| Total equity and liabilities | 10/49 | €1,464,939 | €1,683,912 | +€218,973 | +14.9% |
| Equity | 10/15 | €536,169 | €607,158 | +€70,989 | +13.2% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €529,964 | €600,952 | +€70,989 | +13.4% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €94 | €94 | = | 0.0% |
| Distributable reserves | 133 | €528,010 | €598,998 | +€70,989 | +13.4% |
| Provisions and deferred taxes | 16 | €17,921 | €0 | -€17,921 | -100% |
| Provisions for liabilities and charges | 160/5 | €17,921 | €0 | -€17,921 | -100% |
| Other liabilities and charges | 164/5 | €17,921 | €0 | -€17,921 | -100% |
| Amounts payable | 17/49 | €910,849 | €1,076,754 | +€165,906 | +18.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €855,449 | €1,021,378 | +€165,929 | +19.4% |
| Current portion of amounts payable after more than one year | 42 | €40,766 | €37,300 | -€3,466 | -8.5% |
| Financial debts | 43 | €216,221 | €191,489 | -€24,731 | -11.4% |
| Credit institutions | 430/8 | €216,221 | €191,489 | -€24,731 | -11.4% |
| Trade debts | 44 | €530,197 | €644,735 | +€114,538 | +21.6% |
| Suppliers | 440/4 | €530,197 | €644,735 | +€114,538 | +21.6% |
| Taxes, remuneration and social security | 45 | €59,943 | €147,854 | +€87,911 | +147% |
| Taxes | 450/3 | €26,364 | €10,659 | -€15,705 | -59.6% |
| Remuneration and social security | 454/9 | €33,579 | €137,194 | +€103,616 | +309% |
| Other amounts payable | 47/48 | €8,323 | €0 | -€8,323 | -100% |
| Accrued charges and deferred income | 492/3 | €55,399 | €55,376 | -€23 | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €196,672 | €334,819 | +€138,147 | +70.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,423 | €11,113 | -€309 | -2.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€7,805 | -€17,921 | -€10,116 | -130% |
| Other operating charges | 640/8 | €1,351 | €1,732 | +€381 | +28.2% |
| Gross operating margin | 9900 | €265,535 | €511,432 | +€245,897 | +92.6% |
| Operating profit (loss) | 9901 | €63,894 | €181,688 | +€117,794 | +184% |
| Financial income | 75/76B | €36,315 | €58,412 | +€22,097 | +60.8% |
| Recurring financial income | 75 | €36,315 | €58,412 | +€22,097 | +60.8% |
| Financial charges | 65/66B | €47,957 | €101,714 | +€53,758 | +112% |
| Recurring financial charges | 65 | €47,957 | €101,714 | +€53,758 | +112% |
| Profit (loss) for the period before taxes | 9903 | €52,252 | €138,385 | +€86,134 | +165% |
| Income taxes | 67/77 | €21,296 | €67,397 | +€46,101 | +216% |
| Profit (loss) for the period | 9904 | €30,956 | €70,989 | +€40,033 | +129% |
| Profit (loss) for the period to be appropriated | 9905 | €30,956 | €70,989 | +€40,033 | +129% |
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 24 October 2026 via checked.be.