PeGeCo: 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.
PeGeCo
Largest movements
- Cash -€12,248
down €12,248 (-39.6%), from €30,893 to €18,645
mainly Debts after one year (-€20,921) and Investment in fixed assets (net) (-€12,808)
- Tangible fixed assets -€8,412
down €8,412 (-1.5%), from €558,384 to €549,972
of which Land and buildings: -€16,363
- Debts after one year -€20,921
down €20,921 (-6.1%), from €343,152 to €322,231
- Accrued charges and deferred income -€11,813
down €11,813 (-100.0%), from €11,813 to €0
- Reserves +€8,515
up €8,515 (+6.6%), from €129,640 to €138,155
- Depreciation +€10,787
up €10,787 (+103.4%), from €10,433 to €21,220
- Financial charges -€7,526
down €7,526 (-30.2%), from €24,895 to €17,369
- Other operating charges +€2,631
up €2,631 (+372.8%), from €706 to €3,337
- Financial income +€1,118
up €1,118 (+68.6%), from €1,631 to €2,748
- Gross operating margin +€562
up €562 (+1.2%), from €48,231 to €48,793
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 | €654,152 | €636,012 | -€18,140 | -2.8% |
| Fixed assets | 21/28 | €558,384 | €549,972 | -€8,412 | -1.5% |
| Tangible fixed assets | 22/27 | €558,384 | €549,972 | -€8,412 | -1.5% |
| Land and buildings | 22 | €554,001 | €537,638 | -€16,363 | -3.0% |
| Furniture and vehicles | 24 | €4,384 | €12,334 | +€7,951 | +181.4% |
| Current assets | 29/58 | €95,767 | €86,040 | -€9,728 | -10.2% |
| Amounts receivable within one year | 40/41 | €60,606 | €55,364 | -€5,242 | -8.6% |
| Trade receivables | 40 | €12,824 | €20,096 | +€7,272 | +56.7% |
| Other amounts receivable | 41 | €47,781 | €35,268 | -€12,514 | -26.2% |
| Current investments | 50/53 | €774 | €7,071 | +€6,297 | +814.1% |
| Cash at bank and in hand | 54/58 | €30,893 | €18,645 | -€12,248 | -39.6% |
| Deferred charges and accrued income | 490/1 | €3,495 | €4,960 | +€1,465 | +41.9% |
| Total equity and liabilities | 10/49 | €654,152 | €636,012 | -€18,140 | -2.8% |
| Equity | 10/15 | €166,359 | €173,210 | +€6,851 | +4.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €129,640 | €138,155 | +€8,515 | +6.6% |
| Distributable reserves | 133 | €129,640 | €138,155 | +€8,515 | +6.6% |
| Profit (loss) carried forward | 14 | €18,119 | €16,455 | -€1,664 | -9.2% |
| Amounts payable | 17/49 | €487,793 | €462,802 | -€24,990 | -5.1% |
| Amounts payable after more than one year | 17 | €343,152 | €322,231 | -€20,921 | -6.1% |
| Financial debts | 170/4 | €343,152 | €322,231 | -€20,921 | -6.1% |
| Amounts payable within one year | 42/48 | €132,827 | €140,571 | +€7,744 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €20,162 | €20,921 | +€759 | +3.8% |
| Financial debts | 43 | €1,382 | €96 | -€1,287 | -93.1% |
| Credit institutions | 430/8 | €1,382 | €96 | -€1,287 | -93.1% |
| Trade debts | 44 | €2,182 | €6,201 | +€4,018 | +184.1% |
| Suppliers | 440/4 | €2,182 | €6,201 | +€4,018 | +184.1% |
| Taxes, remuneration and social security | 45 | €10,434 | €10,997 | +€562 | +5.4% |
| Taxes | 450/3 | €10,434 | €10,997 | +€562 | +5.4% |
| Other amounts payable | 47/48 | €98,667 | €102,358 | +€3,691 | +3.7% |
| Accrued charges and deferred income | 492/3 | €11,813 | €0 | -€11,813 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,433 | €21,220 | +€10,787 | +103.4% |
| Other operating charges | 640/8 | €706 | €3,337 | +€2,631 | +372.8% |
| Gross operating margin | 9900 | €48,231 | €48,793 | +€562 | +1.2% |
| Operating profit (loss) | 9901 | €37,092 | €24,236 | -€12,856 | -34.7% |
| Financial income | 75/76B | €1,631 | €2,748 | +€1,118 | +68.6% |
| Recurring financial income | 75 | €1,631 | €2,748 | +€1,118 | +68.6% |
| Financial charges | 65/66B | €24,895 | €17,369 | -€7,526 | -30.2% |
| Recurring financial charges | 65 | €24,895 | €17,369 | -€7,526 | -30.2% |
| Profit (loss) for the period before taxes | 9903 | €13,827 | €9,615 | -€4,212 | -30.5% |
| Income taxes | 67/77 | €1,496 | €1,098 | -€398 | -26.6% |
| Profit (loss) for the period | 9904 | €12,331 | €8,517 | -€3,814 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,331 | €8,517 | -€3,814 | -30.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.