PEGAVICA: 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.
PEGAVICA
Largest movements
- Financial fixed assets -€6.8m
down €6.8m (-11.0%), from €61.7m to €55.0m
- Current investments -€2.2m
down €2.2m (-45.8%), from €4.7m to €2.6m
- Profit (loss) carried forward -€10.8m
down €10.8m (-31.9%), from €33.8m to €23.0m
- Debts after one year +€1.5m
up €1.5m (+4.5%), from €34.7m to €36.3m
- Financial charges +€10.3m
up €10.3m (+3230.4%), from €318,234 to €10.6m
of which Non-recurring financial charges: +€10.3m
- Financial income -€868,559
down €868,559 (-38.4%), from €2.3m to €1.4m
of which Financial income: -€868,559
- Taxes -€107,407
down €107,407 (-46.4%), from €231,289 to €123,882
- Other operating charges -€3,454
down €3,454 (-9.2%), from €37,592 to €34,137
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 | €68,508,968 | €59,678,746 | -€8.8m | -12.9% |
| Fixed assets | 21/28 | €61,749,239 | €54,966,523 | -€6.8m | -11.0% |
| Financial fixed assets | 28 | €61,749,239 | €54,966,523 | -€6.8m | -11.0% |
| Current assets | 29/58 | €6,759,729 | €4,712,222 | -€2.0m | -30.3% |
| Amounts receivable after more than one year | 29 | €1,000,000 | €684,344 | -€315,656 | -31.6% |
| Other amounts receivable | 291 | €1,000,000 | €684,344 | -€315,656 | -31.6% |
| Amounts receivable within one year | 40/41 | €399,241 | €681,041 | +€281,800 | +70.6% |
| Other amounts receivable | 41 | €399,241 | €681,041 | +€281,800 | +70.6% |
| Current investments | 50/53 | €4,717,625 | €2,555,367 | -€2.2m | -45.8% |
| Cash at bank and in hand | 54/58 | €625,657 | €791,470 | +€165,813 | +26.5% |
| Deferred charges and accrued income | 490/1 | €17,206 | €0 | -€17,206 | -100.0% |
| Total equity and liabilities | 10/49 | €68,508,968 | €59,678,746 | -€8.8m | -12.9% |
| Equity | 10/15 | €33,797,949 | €23,038,928 | -€10.8m | -31.8% |
| Contributions | 10/11 | €25,073 | €25,073 | = | 0.0% |
| Reserves | 13 | €2,500 | €2,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,770,377 | €23,011,355 | -€10.8m | -31.9% |
| Amounts payable | 17/49 | €34,711,019 | €36,639,818 | +€1.9m | +5.6% |
| Amounts payable after more than one year | 17 | €34,711,019 | €36,258,996 | +€1.5m | +4.5% |
| Other amounts payable | 178/9 | €34,711,019 | €36,258,996 | +€1.5m | +4.5% |
| Amounts payable within one year | 42/48 | €0 | €380,822 | +€380,822 | |
| Financial debts | 43 | - | €365,750 | +€365,750 | |
| Credit institutions | 430/8 | - | €365,750 | +€365,750 | |
| Trade debts | 44 | €0 | €2,972 | +€2,972 | |
| Suppliers | 440/4 | €0 | €2,972 | +€2,972 | |
| Other amounts payable | 47/48 | - | €12,100 | +€12,100 | |
| Other operating charges | 640/8 | €37,592 | €34,137 | -€3,454 | -9.2% |
| Non-recurring operating charges | 66A | - | €1,163,213 | +€1.2m | |
| Gross operating margin | 9900 | -€231,451 | -€232,835 | -€1,384 | -0.6% |
| Operating profit (loss) | 9901 | -€269,043 | -€1,430,185 | -€1.2m | -431.6% |
| Financial income | 75/76B | €2,262,200 | €1,393,641 | -€868,559 | -38.4% |
| Recurring financial income | 75 | €2,262,200 | €1,393,641 | -€868,559 | -38.4% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €318,234 | €10,598,596 | +€10.3m | +3230.4% |
| Recurring financial charges | 65 | €318,234 | €341,275 | +€23,041 | +7.2% |
| Non-recurring financial charges | 66B | €0 | €10,257,321 | +€10.3m | |
| Profit (loss) for the period before taxes | 9903 | €1,674,924 | -€10,635,140 | -€12.3m | |
| Income taxes | 67/77 | €231,289 | €123,882 | -€107,407 | -46.4% |
| Profit (loss) for the period | 9904 | €1,443,635 | -€10,759,022 | -€12.2m | |
| Profit (loss) for the period to be appropriated | 9905 | €1,443,635 | -€10,759,022 | -€12.2m |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.