PEGGO: 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.
PEGGO
Largest movements
- Tangible fixed assets +€449,299
up €449,299 (+13547.6%), from €3,316 to €452,615
of which Land and buildings: +€446,982
- Cash -€14,632
down €14,632 (-90.5%), from €16,163 to €1,530
mainly Investment in fixed assets (net) (-€450,642) and Trade debts (-€8,918)
- Debts after one year +€437,552
up €437,552 (+795.9%), from €54,973 to €492,525
of which Financial debts: +€304,389
- Reserves -€19,518
down €19,518 (-92.4%), from €21,130 to €1,613
of which Distributable reserves: -€19,518
- Profit (loss) carried forward +€12,466
up €12,466 (+7.8%), from -€159,383 to -€146,916
- Current portion of long-term debt +€10,611
new in 2025: €10,611
- Trade debts -€8,918
down €8,918 (-97.9%), from €9,108 to €190
- Gross operating margin +€9,134
up €9,134 (+68.1%), from -€13,413 to -€4,279
- Depreciation +€1,342
up €1,342 (+147492.3%), from €1 to €1,343
- Other operating charges +€813
new in 2025: €813
- Financial charges +€600
up €600 (+3527.3%), from €17 to €617
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 | €24,986 | €457,764 | +€432,778 | +1732.1% |
| Fixed assets | 21/28 | €3,316 | €452,615 | +€449,299 | +13547.6% |
| Tangible fixed assets | 22/27 | €3,316 | €452,615 | +€449,299 | +13547.6% |
| Land and buildings | 22 | - | €446,982 | +€446,982 | |
| Plant, machinery and equipment | 23 | €3,316 | €5,633 | +€2,317 | +69.9% |
| Current assets | 29/58 | €21,669 | €5,149 | -€16,521 | -76.2% |
| Stocks and contracts in progress | 3 | €2,270 | €2,916 | +€647 | +28.5% |
| Stocks | 30/36 | €2,270 | €2,916 | +€647 | +28.5% |
| Amounts receivable within one year | 40/41 | €3,237 | €702 | -€2,535 | -78.3% |
| Trade receivables | 40 | €2,084 | €702 | -€1,383 | -66.3% |
| Other amounts receivable | 41 | €1,153 | - | -€1,153 | |
| Cash at bank and in hand | 54/58 | €16,163 | €1,530 | -€14,632 | -90.5% |
| Total equity and liabilities | 10/49 | €24,986 | €457,764 | +€432,778 | +1732.1% |
| Equity | 10/15 | -€39,095 | -€46,146 | -€7,051 | -18.0% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €21,130 | €1,613 | -€19,518 | -92.4% |
| Tax-exempt reserves | 132 | €1,613 | €1,613 | = | 0.0% |
| Distributable reserves | 133 | €19,518 | - | -€19,518 | |
| Profit (loss) carried forward | 14 | -€159,383 | -€146,916 | +€12,466 | +7.8% |
| Amounts payable | 17/49 | €64,081 | €503,910 | +€439,829 | +686.4% |
| Amounts payable after more than one year | 17 | €54,973 | €492,525 | +€437,552 | +795.9% |
| Financial debts | 170/4 | - | €304,389 | +€304,389 | |
| Other amounts payable | 178/9 | €54,973 | €188,136 | +€133,163 | +242.2% |
| Amounts payable within one year | 42/48 | €9,108 | €11,385 | +€2,277 | +25.0% |
| Current portion of amounts payable after more than one year | 42 | - | €10,611 | +€10,611 | |
| Trade debts | 44 | €9,108 | €190 | -€8,918 | -97.9% |
| Suppliers | 440/4 | €9,108 | €190 | -€8,918 | -97.9% |
| Taxes, remuneration and social security | 45 | - | €584 | +€584 | |
| Taxes | 450/3 | - | €584 | +€584 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1 | €1,343 | +€1,342 | +147492.3% |
| Other operating charges | 640/8 | - | €813 | +€813 | |
| Gross operating margin | 9900 | -€13,413 | -€4,279 | +€9,134 | +68.1% |
| Operating profit (loss) | 9901 | -€13,414 | -€6,435 | +€6,979 | +52.0% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €17 | €617 | +€600 | +3527.3% |
| Recurring financial charges | 65 | €17 | €617 | +€600 | +3527.3% |
| Profit (loss) for the period before taxes | 9903 | -€13,431 | -€7,051 | +€6,380 | +47.5% |
| Profit (loss) for the period | 9904 | -€13,431 | -€7,051 | +€6,380 | +47.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,431 | -€7,051 | +€6,380 | +47.5% |
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 9 October 2026 via checked.be.