PeGro: 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.
PeGro
Largest movements
- Receivables within one year +€8,165
up €8,165 (+31.3%), from €26,126 to €34,291
of which Trade receivables: +€5,127
- Tangible fixed assets +€4,965
up €4,965 (+38.8%), from €12,784 to €17,749
of which Furniture and vehicles: +€7,170
- Reserves +€26,590
up €26,590 (+62.4%), from €42,587 to €69,177
- Tax, wage and social debts -€16,905
down €16,905 (-63.7%), from €26,547 to €9,642
of which Remuneration and social security: -€9,094
- Debts after one year +€9,062
new in 2025: €9,062
- Trade debts -€9,014
down €9,014 (-90.9%), from €9,919 to €905
- Current portion of long-term debt +€5,130
new in 2025: €5,130
- Gross operating margin -€21,370
down €21,370 (-11.6%), from €183,520 to €162,151
- Taxes -€6,072
down €6,072 (-34.1%), from €17,811 to €11,740
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 | €97,564 | €110,708 | +€13,144 | +13.5% |
| Fixed assets | 21/28 | €12,784 | €17,749 | +€4,965 | +38.8% |
| Tangible fixed assets | 22/27 | €12,784 | €17,749 | +€4,965 | +38.8% |
| Plant, machinery and equipment | 23 | €3,279 | €2,223 | -€1,056 | -32.2% |
| Furniture and vehicles | 24 | €8,352 | €15,522 | +€7,170 | +85.9% |
| Other tangible fixed assets | 26 | €1,153 | €3 | -€1,150 | -99.7% |
| Current assets | 29/58 | €84,780 | €92,959 | +€8,179 | +9.6% |
| Stocks and contracts in progress | 3 | €2,579 | €1,851 | -€728 | -28.2% |
| Stocks | 30/36 | €2,579 | €1,851 | -€728 | -28.2% |
| Amounts receivable within one year | 40/41 | €26,126 | €34,291 | +€8,165 | +31.3% |
| Trade receivables | 40 | €23,177 | €28,303 | +€5,127 | +22.1% |
| Other amounts receivable | 41 | €2,950 | €5,988 | +€3,038 | +103.0% |
| Cash at bank and in hand | 54/58 | €54,147 | €54,598 | +€451 | +0.8% |
| Deferred charges and accrued income | 490/1 | €1,927 | €2,218 | +€291 | +15.1% |
| Total equity and liabilities | 10/49 | €97,564 | €110,708 | +€13,144 | +13.5% |
| Equity | 10/15 | €45,587 | €72,177 | +€26,590 | +58.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €42,587 | €69,177 | +€26,590 | +62.4% |
| Distributable reserves | 133 | €42,587 | €69,177 | +€26,590 | +62.4% |
| Amounts payable | 17/49 | €51,977 | €38,531 | -€13,446 | -25.9% |
| Amounts payable after more than one year | 17 | - | €9,062 | +€9,062 | |
| Financial debts | 170/4 | - | €9,062 | +€9,062 | |
| Amounts payable within one year | 42/48 | €51,977 | €29,468 | -€22,509 | -43.3% |
| Current portion of amounts payable after more than one year | 42 | - | €5,130 | +€5,130 | |
| Trade debts | 44 | €9,919 | €905 | -€9,014 | -90.9% |
| Suppliers | 440/4 | €9,919 | €905 | -€9,014 | -90.9% |
| Taxes, remuneration and social security | 45 | €26,547 | €9,642 | -€16,905 | -63.7% |
| Taxes | 450/3 | €7,811 | €0 | -€7,811 | -100.0% |
| Remuneration and social security | 454/9 | €18,735 | €9,642 | -€9,094 | -48.5% |
| Other amounts payable | 47/48 | €15,511 | €13,792 | -€1,719 | -11.1% |
| Remuneration, social security and pensions | 62 | €111,808 | €110,490 | -€1,318 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,467 | €7,818 | +€351 | +4.7% |
| Other operating charges | 640/8 | €4,216 | €3,308 | -€908 | -21.5% |
| Non-recurring operating charges | 66A | - | €2,007 | +€2,007 | |
| Gross operating margin | 9900 | €183,520 | €162,151 | -€21,370 | -11.6% |
| Operating profit (loss) | 9901 | €60,029 | €38,528 | -€21,501 | -35.8% |
| Financial income | 75/76B | €369 | €336 | -€33 | -9.0% |
| Recurring financial income | 75 | €369 | €336 | -€33 | -9.0% |
| Financial charges | 65/66B | - | €533 | +€533 | |
| Recurring financial charges | 65 | - | €533 | +€533 | |
| Profit (loss) for the period before taxes | 9903 | €60,398 | €38,330 | -€22,068 | -36.5% |
| Income taxes | 67/77 | €17,811 | €11,740 | -€6,072 | -34.1% |
| Profit (loss) for the period | 9904 | €42,587 | €26,590 | -€15,997 | -37.6% |
| Profit (loss) for the period to be appropriated | 9905 | €42,587 | €26,590 | -€15,997 | -37.6% |
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 7 October 2026 via checked.be.