Pegra: what changed
Two fiscal 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.
Pegra
Largest movements
- Current investments -€50,394
down €50,394 (-31.9%), from €158,000 to €107,606
- Receivables within one year -€32,225
down €32,225 (-14.1%), from €229,181 to €196,956
- Tangible fixed assets +€27,575
up €27,575 (+154.8%), from €17,808 to €45,383
of which Furniture and vehicles: +€31,089
- Stocks and contracts -€24,195
down €24,195 (-12.1%), from €199,975 to €175,779
- Intangible fixed assets +€10,271
up €10,271 (+309.6%), from €3,318 to €13,589
- Other debts -€47,671
down €47,671 (-21.1%), from €225,997 to €178,325
- Debts after one year -€31,374
down €31,374 (-20.6%), from €151,980 to €120,606
- Reserves +€25,762
up €25,762 (+31.8%), from €80,908 to €106,670
- Trade debts -€19,730
down €19,730 (-29.4%), from €67,088 to €47,358
- Current portion of long-term debt +€9,360
up €9,360 (+16.2%), from €57,917 to €67,277
- Gross operating margin -€71,722
down €71,722 (-25.2%), from €284,552 to €212,831
- Depreciation -€35,951
down €35,951 (-71.6%), from €50,177 to €14,226
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 | €764,916 | €702,183 | -€62,733 | -8.2% |
| Fixed assets | 21/28 | €21,126 | €58,972 | +€37,846 | +179.1% |
| Intangible fixed assets | 21 | €3,318 | €13,589 | +€10,271 | +309.6% |
| Tangible fixed assets | 22/27 | €17,808 | €45,383 | +€27,575 | +154.8% |
| Plant, machinery and equipment | 23 | €13,080 | €9,566 | -€3,514 | -26.9% |
| Furniture and vehicles | 24 | €4,728 | €35,817 | +€31,089 | +657.6% |
| Current assets | 29/58 | €743,791 | €643,211 | -€100,579 | -13.5% |
| Stocks and contracts in progress | 3 | €199,975 | €175,779 | -€24,195 | -12.1% |
| Stocks | 30/36 | €199,975 | €175,779 | -€24,195 | -12.1% |
| Amounts receivable within one year | 40/41 | €229,181 | €196,956 | -€32,225 | -14.1% |
| Trade receivables | 40 | €229,181 | €196,956 | -€32,225 | -14.1% |
| Current investments | 50/53 | €158,000 | €107,606 | -€50,394 | -31.9% |
| Cash at bank and in hand | 54/58 | €156,635 | €162,870 | +€6,235 | +4.0% |
| Total equity and liabilities | 10/49 | €764,916 | €702,183 | -€62,733 | -8.2% |
| Equity | 10/15 | €220,908 | €246,670 | +€25,762 | +11.7% |
| Contributions | 10/11 | €140,000 | €140,000 | = | 0.0% |
| Reserves | 13 | €80,908 | €106,670 | +€25,762 | +31.8% |
| Distributable reserves | 133 | €80,908 | €106,670 | +€25,762 | +31.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €544,009 | €455,514 | -€88,495 | -16.3% |
| Amounts payable after more than one year | 17 | €151,980 | €120,606 | -€31,374 | -20.6% |
| Financial debts | 170/4 | €151,980 | €120,606 | -€31,374 | -20.6% |
| Amounts payable within one year | 42/48 | €392,029 | €334,868 | -€57,160 | -14.6% |
| Current portion of amounts payable after more than one year | 42 | €57,917 | €67,277 | +€9,360 | +16.2% |
| Trade debts | 44 | €67,088 | €47,358 | -€19,730 | -29.4% |
| Suppliers | 440/4 | €67,088 | €47,358 | -€19,730 | -29.4% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €41,027 | €41,908 | +€881 | +2.1% |
| Taxes | 450/3 | €27,976 | €29,395 | +€1,419 | +5.1% |
| Remuneration and social security | 454/9 | €13,050 | €12,513 | -€538 | -4.1% |
| Other amounts payable | 47/48 | €225,997 | €178,325 | -€47,671 | -21.1% |
| Accrued charges and deferred income | 492/3 | - | €40 | +€40 | |
| Remuneration, social security and pensions | 62 | €112,354 | €111,433 | -€921 | -0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,177 | €14,226 | -€35,951 | -71.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€903 | €92 | +€996 | |
| Other operating charges | 640/8 | €1,026 | €1,628 | +€601 | +58.6% |
| Gross operating margin | 9900 | €284,552 | €212,831 | -€71,722 | -25.2% |
| Operating profit (loss) | 9901 | €121,899 | €85,452 | -€36,447 | -29.9% |
| Financial income | 75/76B | €580 | €1,411 | +€831 | +143.3% |
| Recurring financial income | 75 | €580 | €1,411 | +€831 | +143.3% |
| Financial charges | 65/66B | €6,380 | €5,575 | -€805 | -12.6% |
| Recurring financial charges | 65 | €6,380 | €5,575 | -€805 | -12.6% |
| Profit (loss) for the period before taxes | 9903 | €116,098 | €81,287 | -€34,811 | -30.0% |
| Income taxes | 67/77 | €3,964 | €5,525 | +€1,561 | +39.4% |
| Profit (loss) for the period | 9904 | €112,134 | €75,762 | -€36,372 | -32.4% |
| Profit (loss) for the period to be appropriated | 9905 | €112,134 | €75,762 | -€36,372 | -32.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.