PEGE CONSULT: 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.
PEGE CONSULT
Largest movements
- Tangible fixed assets -€128,159
down €128,159 (-17.9%), from €716,855 to €588,696
of which Land and buildings: -€129,268
- Debts after one year -€235,000
down €235,000 (-37.2%), from €631,750 to €396,750
- Reserves +€116,780
up €116,780 (+124%), from €93,975 to €210,755
- Gross operating margin +€79,620
up €79,620 (+120%), from €66,477 to €146,097
- Depreciation -€3,739
down €3,739 (-15.0%), from €24,947 to €21,208
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 | €733,039 | €614,517 | -€118,522 | -16.2% |
| Fixed assets | 21/28 | €716,855 | €588,696 | -€128,159 | -17.9% |
| Tangible fixed assets | 22/27 | €716,855 | €588,696 | -€128,159 | -17.9% |
| Land and buildings | 22 | €714,731 | €585,463 | -€129,268 | -18.1% |
| Plant, machinery and equipment | 23 | €1,516 | €1,191 | -€325 | -21.4% |
| Furniture and vehicles | 24 | €607 | €178 | -€429 | -70.7% |
| Other tangible fixed assets | 26 | - | €1,864 | +€1,864 | |
| Current assets | 29/58 | €16,184 | €25,821 | +€9,637 | +59.5% |
| Amounts receivable within one year | 40/41 | - | €866 | +€866 | |
| Trade receivables | 40 | - | €866 | +€866 | |
| Current investments | 50/53 | €2,729 | €2,729 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,656 | €18,854 | +€7,197 | +61.7% |
| Deferred charges and accrued income | 490/1 | €1,799 | €3,372 | +€1,573 | +87.5% |
| Total equity and liabilities | 10/49 | €733,039 | €614,517 | -€118,522 | -16.2% |
| Equity | 10/15 | €100,330 | €217,110 | +€116,780 | +116% |
| Contributions | 10/11 | €6,355 | €6,355 | = | 0.0% |
| Reserves | 13 | €93,975 | €210,755 | +€116,780 | +124% |
| Distributable reserves | 133 | €93,975 | €210,755 | +€116,780 | +124% |
| Amounts payable | 17/49 | €632,709 | €397,407 | -€235,302 | -37.2% |
| Amounts payable after more than one year | 17 | €631,750 | €396,750 | -€235,000 | -37.2% |
| Other amounts payable | 178/9 | €631,750 | €396,750 | -€235,000 | -37.2% |
| Amounts payable within one year | 42/48 | €959 | €657 | -€302 | -31.5% |
| Trade debts | 44 | €70 | - | -€70 | |
| Suppliers | 440/4 | €70 | - | -€70 | |
| Taxes, remuneration and social security | 45 | €3 | - | -€3 | |
| Taxes | 450/3 | €3 | - | -€3 | |
| Other amounts payable | 47/48 | €886 | €657 | -€230 | -25.9% |
| Non-recurring operating income | 76A | €31,850 | €117,780 | +€85,930 | +270% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,947 | €21,208 | -€3,739 | -15.0% |
| Other operating charges | 640/8 | €8,083 | €8,062 | -€21 | -0.3% |
| Gross operating margin | 9900 | €66,477 | €146,097 | +€79,620 | +120% |
| Operating profit (loss) | 9901 | €33,447 | €116,827 | +€83,380 | +249% |
| Financial income | 75/76B | €783 | - | -€783 | |
| Recurring financial income | 75 | €783 | - | -€783 | |
| Non-recurring financial income | 76B | €783 | - | -€783 | |
| Financial charges | 65/66B | €39 | €47 | +€8 | +19.0% |
| Recurring financial charges | 65 | €39 | €47 | +€8 | +19.0% |
| Profit (loss) for the period before taxes | 9903 | €34,191 | €116,780 | +€82,589 | +242% |
| Income taxes | 67/77 | €3 | - | -€3 | |
| Profit (loss) for the period | 9904 | €34,188 | €116,780 | +€82,592 | +242% |
| Profit (loss) for the period to be appropriated | 9905 | €34,188 | €116,780 | +€82,592 | +242% |
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 23 October 2026 via checked.be.