PegusGroup: 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.
PegusGroup
Largest movements
- Financial fixed assets +€33,600
up €33,600 (+3.0%), from €1.1m to €1.2m
- Receivables within one year -€29,725
down €29,725 (-11.4%), from €260,835 to €231,111
of which Trade receivables: -€92,877
- Reserves +€59,367
up €59,367 (+5.9%), from €1.0m to €1.1m
of which Distributable reserves: +€59,367
- Debts after one year -€33,659
down €33,659 (-22.3%), from €150,630 to €116,971
- Advances received -€22,835
down €22,835 (-40.2%), from €56,780 to €33,945
- Trade debts -€20,310
down €20,310 (-76.9%), from €26,401 to €6,091
- Short-term financial debts +€16,982
up €16,982 (+10.9%), from €155,469 to €172,451
- Gross operating margin -€87,849
down €87,849 (-45.7%), from €192,403 to €104,553
- Taxes -€18,694
down €18,694 (-44.1%), from €42,384 to €23,690
- Financial charges +€3,628
up €3,628 (+36.0%), from €10,090 to €13,718
- Financial income +€2,185
up €2,185 (+27.8%), from €7,847 to €10,032
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 | €1,492,649 | €1,481,529 | -€11,120 | -0.7% |
| Fixed assets | 21/28 | €1,230,755 | €1,250,415 | +€19,660 | +1.6% |
| Intangible fixed assets | 21 | €78,444 | €78,444 | = | 0.0% |
| Tangible fixed assets | 22/27 | €21,727 | €7,786 | -€13,940 | -64.2% |
| Plant, machinery and equipment | 23 | €3,149 | €786 | -€2,363 | -75.0% |
| Furniture and vehicles | 24 | €18,578 | €7,000 | -€11,578 | -62.3% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Financial fixed assets | 28 | €1,130,585 | €1,164,185 | +€33,600 | +3.0% |
| Current assets | 29/58 | €261,894 | €231,114 | -€30,780 | -11.8% |
| Amounts receivable within one year | 40/41 | €260,835 | €231,111 | -€29,725 | -11.4% |
| Trade receivables | 40 | €95,128 | €2,251 | -€92,877 | -97.6% |
| Other amounts receivable | 41 | €165,708 | €228,860 | +€63,152 | +38.1% |
| Cash at bank and in hand | 54/58 | €12 | €4 | -€9 | -69.5% |
| Deferred charges and accrued income | 490/1 | €1,046 | €0 | -€1,046 | -100.0% |
| Total equity and liabilities | 10/49 | €1,492,649 | €1,481,529 | -€11,120 | -0.7% |
| Equity | 10/15 | €1,019,726 | €1,079,093 | +€59,367 | +5.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,001,126 | €1,060,493 | +€59,367 | +5.9% |
| Tax-exempt reserves | 132 | €8,841 | €8,841 | = | 0.0% |
| Distributable reserves | 133 | €992,285 | €1,051,652 | +€59,367 | +6.0% |
| Amounts payable | 17/49 | €472,923 | €402,437 | -€70,487 | -14.9% |
| Amounts payable after more than one year | 17 | €150,630 | €116,971 | -€33,659 | -22.3% |
| Financial debts | 170/4 | €150,630 | €116,971 | -€33,659 | -22.3% |
| Amounts payable within one year | 42/48 | €318,297 | €281,206 | -€37,091 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €32,643 | €33,659 | +€1,015 | +3.1% |
| Financial debts | 43 | €155,469 | €172,451 | +€16,982 | +10.9% |
| Credit institutions | 430/8 | €155,469 | €172,451 | +€16,982 | +10.9% |
| Trade debts | 44 | €26,401 | €6,091 | -€20,310 | -76.9% |
| Suppliers | 440/4 | €26,401 | €6,091 | -€20,310 | -76.9% |
| Advances received on contracts in progress | 46 | €56,780 | €33,945 | -€22,835 | -40.2% |
| Taxes, remuneration and social security | 45 | €47,003 | €35,060 | -€11,943 | -25.4% |
| Taxes | 450/3 | €47,003 | €35,060 | -€11,943 | -25.4% |
| Accrued charges and deferred income | 492/3 | €3,997 | €4,260 | +€263 | +6.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,365 | €13,940 | -€425 | -3.0% |
| Other operating charges | 640/8 | €5,592 | €3,871 | -€1,721 | -30.8% |
| Non-recurring operating charges | 66A | €17,371 | €0 | -€17,371 | -100.0% |
| Gross operating margin | 9900 | €192,403 | €104,553 | -€87,849 | -45.7% |
| Operating profit (loss) | 9901 | €155,074 | €86,742 | -€68,332 | -44.1% |
| Financial income | 75/76B | €7,847 | €10,032 | +€2,185 | +27.8% |
| Recurring financial income | 75 | €7,847 | €10,032 | +€2,185 | +27.8% |
| Financial charges | 65/66B | €10,090 | €13,718 | +€3,628 | +36.0% |
| Recurring financial charges | 65 | €10,090 | €13,718 | +€3,628 | +36.0% |
| Profit (loss) for the period before taxes | 9903 | €152,832 | €83,057 | -€69,775 | -45.7% |
| Income taxes | 67/77 | €42,384 | €23,690 | -€18,694 | -44.1% |
| Profit (loss) for the period | 9904 | €110,447 | €59,367 | -€51,080 | -46.2% |
| Profit (loss) for the period to be appropriated | 9905 | €110,447 | €59,367 | -€51,080 | -46.2% |
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.