PEGEVAR: 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.
PEGEVAR
Largest movements
- Stocks and contracts -€274,360
down €274,360 (-13.3%), from €2.1m to €1.8m
- Receivables within one year +€132,379
up €132,379 (+50.3%), from €263,061 to €395,440
of which Other amounts receivable: +€169,442
- Tangible fixed assets -€51,057
down €51,057 (-13.5%), from €378,847 to €327,790
of which Land and buildings: -€38,246
- Trade debts -€229,646
down €229,646 (-21.4%), from €1.1m to €845,134
- Profit (loss) carried forward +€175,633
up €175,633 (+23.3%), from €753,948 to €929,581
- Debts after one year -€55,000
down €55,000 (-100.0%), from €55,000 to €0
- Current portion of long-term debt -€42,500
down €42,500 (-43.6%), from €97,500 to €55,000
- Turnover -€1.4m
down €1.4m (-13.5%), from €10.0m to €8.7m
- Goods and materials -€974,770
down €974,770 (-10.7%), from €9.1m to €8.1m
of which Purchases: -€1.2m
- Services and other goods +€141,796
up €141,796 (+164.8%), from €86,038 to €227,834
- Taxes -€131,521
down €131,521 (-69.1%), from €190,370 to €58,848
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 | €2,849,483 | €2,677,985 | -€171,498 | -6.0% |
| Fixed assets | 21/28 | €378,847 | €327,790 | -€51,057 | -13.5% |
| Tangible fixed assets | 22/27 | €378,847 | €327,790 | -€51,057 | -13.5% |
| Land and buildings | 22 | €277,734 | €239,488 | -€38,246 | -13.8% |
| Plant, machinery and equipment | 23 | €101,113 | €88,302 | -€12,811 | -12.7% |
| Current assets | 29/58 | €2,470,637 | €2,350,195 | -€120,442 | -4.9% |
| Stocks and contracts in progress | 3 | €2,061,560 | €1,787,200 | -€274,360 | -13.3% |
| Stocks | 30/36 | €2,061,560 | €1,787,200 | -€274,360 | -13.3% |
| Raw materials and consumables | 30/31 | €50,000 | €40,000 | -€10,000 | -20.0% |
| Goods purchased for resale | 34 | €2,011,560 | €1,747,200 | -€264,360 | -13.1% |
| Amounts receivable within one year | 40/41 | €263,061 | €395,440 | +€132,379 | +50.3% |
| Trade receivables | 40 | €263,061 | €225,998 | -€37,063 | -14.1% |
| Other amounts receivable | 41 | €0 | €169,442 | +€169,442 | |
| Cash at bank and in hand | 54/58 | €134,357 | €154,451 | +€20,095 | +15.0% |
| Deferred charges and accrued income | 490/1 | €11,659 | €13,104 | +€1,445 | +12.4% |
| Total equity and liabilities | 10/49 | €2,849,483 | €2,677,985 | -€171,498 | -6.0% |
| Equity | 10/15 | €1,073,948 | €1,249,581 | +€175,633 | +16.4% |
| Contributions | 10/11 | €320,000 | €320,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €753,948 | €929,581 | +€175,633 | +23.3% |
| Amounts payable | 17/49 | €1,775,535 | €1,428,404 | -€347,131 | -19.6% |
| Amounts payable after more than one year | 17 | €55,000 | €0 | -€55,000 | -100.0% |
| Financial debts | 170/4 | €55,000 | €0 | -€55,000 | -100.0% |
| Credit institutions | 173 | €55,000 | €0 | -€55,000 | -100.0% |
| Other loans | 174 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,718,461 | €1,428,404 | -€290,057 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | €97,500 | €55,000 | -€42,500 | -43.6% |
| Financial debts | 43 | €500,000 | €500,000 | = | 0.0% |
| Credit institutions | 430/8 | €500,000 | €500,000 | = | 0.0% |
| Trade debts | 44 | €1,074,780 | €845,134 | -€229,646 | -21.4% |
| Suppliers | 440/4 | €1,074,780 | €845,134 | -€229,646 | -21.4% |
| Taxes, remuneration and social security | 45 | €18,411 | €0 | -€18,411 | -100.0% |
| Taxes | 450/3 | €18,411 | €0 | -€18,411 | -100.0% |
| Other amounts payable | 47/48 | €27,770 | €28,270 | +€500 | +1.8% |
| Accrued charges and deferred income | 492/3 | €2,074 | €0 | -€2,074 | -100.0% |
| Operating income | 70/76A | €10,031,725 | €8,679,686 | -€1.4m | -13.5% |
| Turnover | 70 | €10,031,725 | €8,679,686 | -€1.4m | -13.5% |
| Operating charges | 60/66A | €9,254,905 | €8,421,723 | -€833,182 | -9.0% |
| Goods for resale, raw materials and consumables | 60 | €9,112,811 | €8,138,041 | -€974,770 | -10.7% |
| Purchases | 600/8 | €9,091,631 | €7,863,681 | -€1.2m | -13.5% |
| Change in stocks: decrease (increase) | 609 | €21,180 | €274,360 | +€253,180 | +1195.4% |
| Services and other goods | 61 | €86,038 | €227,834 | +€141,796 | +164.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,057 | €51,057 | = | 0.0% |
| Other operating charges | 640/8 | €4,999 | €4,792 | -€207 | -4.2% |
| Operating profit (loss) | 9901 | €776,820 | €257,963 | -€518,857 | -66.8% |
| Financial charges | 65/66B | €32,846 | €23,481 | -€9,365 | -28.5% |
| Recurring financial charges | 65 | €32,846 | €23,481 | -€9,365 | -28.5% |
| Debt charges | 650 | €32,836 | €23,481 | -€9,355 | -28.5% |
| Other financial charges | 652/9 | €9 | €0 | -€9 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €743,974 | €234,481 | -€509,492 | -68.5% |
| Income taxes | 67/77 | €190,370 | €58,848 | -€131,521 | -69.1% |
| Taxes | 670/3 | €190,370 | €58,848 | -€131,521 | -69.1% |
| Profit (loss) for the period | 9904 | €553,604 | €175,633 | -€377,971 | -68.3% |
| Profit (loss) for the period to be appropriated | 9905 | €553,604 | €175,633 | -€377,971 | -68.3% |
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 10 October 2026 via checked.be.