PGASUS: 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.
PGASUS
Largest movements
- Tangible fixed assets +€1,835
up €1,835 (+42.8%), from €4,292 to €6,128
of which Furniture and vehicles: +€3,169
- Receivables within one year +€1,048
up €1,048 (+79.6%), from €1,317 to €2,365
of which Trade receivables: +€1,684
- Cash +€992
up €992 (+12.4%), from €7,980 to €8,973
mainly Depreciation (+€2,693) and Other debts (+€2,160)
- Deferred charges and accrued income -€923
down €923 (-94.6%), from €975 to €52
- Stocks and contracts -€661
down €661 (-4.7%), from €14,102 to €13,441
- Other debts +€2,160
up €2,160 (+85.6%), from €2,524 to €4,684
- Tax, wage and social debts +€1,090
up €1,090 (+55.9%), from €1,950 to €3,040
- Trade debts -€687
down €687 (-32.1%), from €2,140 to €1,453
- Gross operating margin -€1,044
down €1,044 (-26.9%), from €3,881 to €2,836
- Financial charges -€120
down €120 (-52.2%), from €229 to €110
- Other operating charges +€71
up €71 (+28.7%), from €247 to €318
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 | €28,667 | €30,959 | +€2,292 | +8.0% |
| Fixed assets | 21/28 | €4,292 | €6,128 | +€1,835 | +42.8% |
| Tangible fixed assets | 22/27 | €4,292 | €6,128 | +€1,835 | +42.8% |
| Plant, machinery and equipment | 23 | €3,178 | €1,845 | -€1,333 | -42.0% |
| Furniture and vehicles | 24 | €1,114 | €4,283 | +€3,169 | +284.4% |
| Current assets | 29/58 | €24,374 | €24,831 | +€457 | +1.9% |
| Stocks and contracts in progress | 3 | €14,102 | €13,441 | -€661 | -4.7% |
| Stocks | 30/36 | €14,102 | €13,441 | -€661 | -4.7% |
| Amounts receivable within one year | 40/41 | €1,317 | €2,365 | +€1,048 | +79.6% |
| Trade receivables | 40 | €675 | €2,359 | +€1,684 | +249.4% |
| Other amounts receivable | 41 | €642 | €7 | -€635 | -99.0% |
| Cash at bank and in hand | 54/58 | €7,980 | €8,973 | +€992 | +12.4% |
| Deferred charges and accrued income | 490/1 | €975 | €52 | -€923 | -94.6% |
| Total equity and liabilities | 10/49 | €28,667 | €30,959 | +€2,292 | +8.0% |
| Equity | 10/15 | €22,053 | €21,781 | -€271 | -1.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €11,922 | €11,922 | = | 0.0% |
| Non-distributable reserves | 130/1 | €186 | €186 | = | 0.0% |
| Reserves not available under the articles | 1311 | €186 | €186 | = | 0.0% |
| Distributable reserves | 133 | €11,736 | €11,736 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,270 | -€2,541 | -€271 | -12.0% |
| Amounts payable | 17/49 | €6,614 | €9,178 | +€2,564 | +38.8% |
| Amounts payable within one year | 42/48 | €6,614 | €9,178 | +€2,564 | +38.8% |
| Trade debts | 44 | €2,140 | €1,453 | -€687 | -32.1% |
| Suppliers | 440/4 | €2,140 | €1,453 | -€687 | -32.1% |
| Taxes, remuneration and social security | 45 | €1,950 | €3,040 | +€1,090 | +55.9% |
| Taxes | 450/3 | €1,950 | €3,040 | +€1,090 | +55.9% |
| Other amounts payable | 47/48 | €2,524 | €4,684 | +€2,160 | +85.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,655 | €2,693 | +€37 | +1.4% |
| Other operating charges | 640/8 | €247 | €318 | +€71 | +28.7% |
| Gross operating margin | 9900 | €3,881 | €2,836 | -€1,044 | -26.9% |
| Operating profit (loss) | 9901 | €979 | -€174 | -€1,153 | |
| Financial income | 75/76B | €45 | €12 | -€33 | -72.8% |
| Recurring financial income | 75 | €45 | €12 | -€33 | -72.8% |
| Financial charges | 65/66B | €229 | €110 | -€120 | -52.2% |
| Recurring financial charges | 65 | €229 | €110 | -€120 | -52.2% |
| Profit (loss) for the period before taxes | 9903 | €795 | -€271 | -€1,066 | |
| Profit (loss) for the period | 9904 | €795 | -€271 | -€1,066 | |
| Profit (loss) for the period to be appropriated | 9905 | €795 | -€271 | -€1,066 |
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.