PEGROLS: what changed
PEGROLS
Largest movements
- Receivables within one year +€26,338
up €26,338 (+155%), from €17,039 to €43,377
of which Trade receivables: +€40,177
- Cash -€14,819
down €14,819 (-10.5%), from €141,363 to €126,544
mainly Contributions, distributions and other (-€117,647) and Receivables within one year (-€26,338)
- Tangible fixed assets -€10,513
down €10,513 (-13.4%), from €78,279 to €67,767
of which Furniture and vehicles: -€9,739
- Reserves -€127,262
down €127,262 (-58.6%), from €217,005 to €89,743
- Other debts +€100,000
up €100,000 (+120,642%), from €83 to €100,083
- Tax, wage and social debts +€28,145
up €28,145 (+976%), from €2,884 to €31,028
- Gross operating margin -€53,752
down €53,752 (-86.1%), from €62,458 to €8,706
- Depreciation +€13,918
up €13,918 (+535%), from €2,603 to €16,521
- Taxes -€6,024
down €6,024 (-53.5%), from €11,265 to €5,241
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €238,572 | €239,561 | +€989 | +0.4% |
| Fixed assets | 21/28 | €78,279 | €67,767 | -€10,513 | -13.4% |
| Tangible fixed assets | 22/27 | €78,279 | €67,767 | -€10,513 | -13.4% |
| Plant, machinery and equipment | 23 | €2,340 | €1,566 | -€774 | -33.1% |
| Furniture and vehicles | 24 | €75,939 | €66,201 | -€9,739 | -12.8% |
| Current assets | 29/58 | €160,293 | €171,794 | +€11,501 | +7.2% |
| Amounts receivable within one year | 40/41 | €17,039 | €43,377 | +€26,338 | +155% |
| Trade receivables | 40 | €660 | €40,838 | +€40,177 | +6,086% |
| Other amounts receivable | 41 | €16,379 | €2,540 | -€13,839 | -84.5% |
| Cash at bank and in hand | 54/58 | €141,363 | €126,544 | -€14,819 | -10.5% |
| Deferred charges and accrued income | 490/1 | €1,891 | €1,873 | -€18 | -0.9% |
| Total equity and liabilities | 10/49 | €238,572 | €239,561 | +€989 | +0.4% |
| Equity | 10/15 | €235,605 | €108,343 | -€127,262 | -54.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €217,005 | €89,743 | -€127,262 | -58.6% |
| Distributable reserves | 133 | €217,005 | €89,743 | -€127,262 | -58.6% |
| Amounts payable | 17/49 | €2,967 | €131,218 | +€128,251 | +4,323% |
| Amounts payable within one year | 42/48 | €2,967 | €131,218 | +€128,251 | +4,323% |
| Trade debts | 44 | - | €106 | +€106 | |
| Suppliers | 440/4 | - | €106 | +€106 | |
| Taxes, remuneration and social security | 45 | €2,884 | €31,028 | +€28,145 | +976% |
| Taxes | 450/3 | €2,884 | €31,028 | +€28,145 | +976% |
| Other amounts payable | 47/48 | €83 | €100,083 | +€100,000 | +120,642% |
| Non-recurring operating income | 76A | €13,186 | - | -€13,186 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,603 | €16,521 | +€13,918 | +535% |
| Other operating charges | 640/8 | €840 | €520 | -€321 | -38.2% |
| Gross operating margin | 9900 | €62,458 | €8,706 | -€53,752 | -86.1% |
| Operating profit (loss) | 9901 | €59,014 | -€8,335 | -€67,349 | |
| Financial income | 75/76B | €4,649 | €4,069 | -€580 | -12.5% |
| Recurring financial income | 75 | €4,649 | €4,069 | -€580 | -12.5% |
| Financial charges | 65/66B | €213 | €109 | -€104 | -49.0% |
| Recurring financial charges | 65 | €213 | €109 | -€104 | -49.0% |
| Profit (loss) for the period before taxes | 9903 | €63,450 | -€4,375 | -€67,824 | |
| Income taxes | 67/77 | €11,265 | €5,241 | -€6,024 | -53.5% |
| Profit (loss) for the period | 9904 | €52,185 | -€9,615 | -€61,800 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,185 | -€9,615 | -€61,800 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.