PEGROL: 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.
PEGROL
Largest movements
- Intangible fixed assets -€11,594
down €11,594 (-11.5%), from €100,474 to €88,879
- Cash -€9,194
down €9,194 (-71.6%), from €12,840 to €3,646
mainly Debts within one year (-€22,768) and Debts after one year (-€5,548)
- Debts within one year -€22,768
down €22,768 (-40.0%), from €56,931 to €34,163
of which Current portion of long-term debt: -€15,953
- Profit (loss) carried forward +€7,527
up €7,527 (+63.4%), from €11,881 to €19,408
- Debts after one year -€5,548
down €5,548 (-18.2%), from €30,548 to €25,000
- Gross operating margin +€3,622
up €3,622 (+14.9%), from €24,346 to €27,968
- Taxes +€1,101
up €1,101 (+20.9%), from €5,272 to €6,374
- Financial charges -€1,071
down €1,071 (-34.8%), from €3,078 to €2,007
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 | €145,560 | €124,772 | -€20,788 | -14.3% |
| Fixed assets | 21/28 | €132,720 | €121,126 | -€11,594 | -8.7% |
| Intangible fixed assets | 21 | €100,474 | €88,879 | -€11,594 | -11.5% |
| Tangible fixed assets | 22/27 | €32,246 | €32,246 | = | 0.0% |
| Land and buildings | 22 | €32,246 | €32,246 | = | 0.0% |
| Current assets | 29/58 | €12,840 | €3,646 | -€9,194 | -71.6% |
| Cash at bank and in hand | 54/58 | €12,840 | €3,646 | -€9,194 | -71.6% |
| Total equity and liabilities | 10/49 | €145,560 | €124,772 | -€20,788 | -14.3% |
| Equity | 10/15 | €58,081 | €65,608 | +€7,527 | +13.0% |
| Contributions | 10/11 | €46,200 | €46,200 | = | 0.0% |
| Capital | 10 | €46,200 | €46,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,881 | €19,408 | +€7,527 | +63.4% |
| Amounts payable | 17/49 | €87,479 | €59,163 | -€28,315 | -32.4% |
| Amounts payable after more than one year | 17 | €30,548 | €25,000 | -€5,548 | -18.2% |
| Financial debts | 170/4 | €30,548 | €25,000 | -€5,548 | -18.2% |
| Amounts payable within one year | 42/48 | €56,931 | €34,163 | -€22,768 | -40.0% |
| Current portion of amounts payable after more than one year | 42 | €21,501 | €5,548 | -€15,953 | -74.2% |
| Trade debts | 44 | - | €400 | +€400 | |
| Suppliers | 440/4 | - | €400 | +€400 | |
| Advances received on contracts in progress | 46 | €7,315 | - | -€7,315 | |
| Taxes, remuneration and social security | 45 | €1,572 | €1,674 | +€101 | +6.5% |
| Taxes | 450/3 | €1,572 | €1,674 | +€101 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,594 | €11,594 | = | 0.0% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | €24,346 | €27,968 | +€3,622 | +14.9% |
| Operating profit (loss) | 9901 | €12,300 | €15,908 | +€3,608 | +29.3% |
| Financial charges | 65/66B | €3,078 | €2,007 | -€1,071 | -34.8% |
| Recurring financial charges | 65 | €3,078 | €2,007 | -€1,071 | -34.8% |
| Profit (loss) for the period before taxes | 9903 | €9,222 | €13,901 | +€4,679 | +50.7% |
| Income taxes | 67/77 | €5,272 | €6,374 | +€1,101 | +20.9% |
| Profit (loss) for the period | 9904 | €3,950 | €7,527 | +€3,578 | +90.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,950 | €7,527 | +€3,578 | +90.6% |
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 28 September 2026 via checked.be.