B Penninck: what changed
What changed
B Penninck
NACE 41.001, General construction of residential buildings
filed annual accounts (NBB)
Net result for the year
-€48,796
2024 · €93,877-€142,673
Equity
€268,847
2024 · €317,643-€48,796
Cash
€15,041
2024 · €17,328-€2,288
Balance sheet total
€2.3m
2024 · €2.3m-€53,974
Largest movements
Assets
- Tangible fixed assets -€52,280
down €52,280 (-2.3%), from €2.3m to €2.2m
of which Land and buildings: -€69,538
Equity and liabilities
- Profit (loss) carried forward -€48,796
down €48,796 (-17.3%), from -€282,357 to -€331,153
- Debts after one year -€45,735
down €45,735 (-10.2%), from €447,106 to €401,371
- Other debts +€33,791
up €33,791 (+2.3%), from €1.5m to €1.5m
Income statement
- Gross operating margin -€139,765
down €139,765 (-74.1%), from €188,604 to €48,839
- Depreciation +€5,085
up €5,085 (+6.7%), from €76,121 to €81,206
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.
Result 2024
€93,877
Gross operating margin
-€139,765
Depreciation
-€5,085
Other operating charges
+€1,257
Financial charges
+€928
Taxes
-€8
Result 2025
-€48,796
raises the resultlowers the result
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.
From operations
+€71,453
Investment
-€28,926
Financing
-€44,814
Cash 2024
€17,328
From operations (derived)
+€71,453
Net result for the year
-€48,796
Depreciation
+€81,206
Deferred charges and accrued income
-€593
Trade debts
+€5,746
Smaller working-capital items
+€99
Other debts
+€33,791
Investment (derived)
-€28,926
Investment in fixed assets (net)
-€28,926
Financing
-€44,814
Debts after one year
-€45,735
Current portion of long-term debt
+€921
Cash 2025
€15,041
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,314,506 | €2,260,531 | -€53,974 | -2.3% |
| Fixed assets | 21/28 | €2,295,539 | €2,243,259 | -€52,280 | -2.3% |
| Tangible fixed assets | 22/27 | €2,295,539 | €2,243,259 | -€52,280 | -2.3% |
| Land and buildings | 22 | €2,279,812 | €2,210,274 | -€69,538 | -3.1% |
| Plant, machinery and equipment | 23 | €6,162 | €5,283 | -€879 | -14.3% |
| Furniture and vehicles | 24 | €9,565 | €27,703 | +€18,138 | +190% |
| Current assets | 29/58 | €18,967 | €17,272 | -€1,695 | -8.9% |
| Cash at bank and in hand | 54/58 | €17,328 | €15,041 | -€2,288 | -13.2% |
| Deferred charges and accrued income | 490/1 | €1,638 | €2,231 | +€593 | +36.2% |
| Total equity and liabilities | 10/49 | €2,314,506 | €2,260,531 | -€53,974 | -2.3% |
| Equity | 10/15 | €317,643 | €268,847 | -€48,796 | -15.4% |
| Contributions | 10/11 | €600,000 | €600,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€282,357 | -€331,153 | -€48,796 | -17.3% |
| Amounts payable | 17/49 | €1,996,863 | €1,991,685 | -€5,178 | -0.3% |
| Amounts payable after more than one year | 17 | €447,106 | €401,371 | -€45,735 | -10.2% |
| Financial debts | 170/4 | €447,106 | €401,371 | -€45,735 | -10.2% |
| Amounts payable within one year | 42/48 | €1,549,757 | €1,590,314 | +€40,557 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €44,814 | €45,735 | +€921 | +2.1% |
| Trade debts | 44 | €7,015 | €12,761 | +€5,746 | +81.9% |
| Suppliers | 440/4 | €7,015 | €12,761 | +€5,746 | +81.9% |
| Advances received on contracts in progress | 46 | €2,895 | €2,979 | +€84 | +2.9% |
| Taxes, remuneration and social security | 45 | €757 | €772 | +€15 | +1.9% |
| Taxes | 450/3 | €757 | €772 | +€15 | +1.9% |
| Other amounts payable | 47/48 | €1,494,276 | €1,528,066 | +€33,791 | +2.3% |
| Non-recurring operating income | 76A | - | €4,525 | +€4,525 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €76,121 | €81,206 | +€5,085 | +6.7% |
| Other operating charges | 640/8 | €7,805 | €6,548 | -€1,257 | -16.1% |
| Gross operating margin | 9900 | €188,604 | €48,839 | -€139,765 | -74.1% |
| Operating profit (loss) | 9901 | €104,677 | -€38,916 | -€143,593 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €10,669 | €9,741 | -€928 | -8.7% |
| Recurring financial charges | 65 | €10,669 | €9,741 | -€928 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €94,008 | -€48,657 | -€142,665 | |
| Income taxes | 67/77 | €132 | €140 | +€8 | +6.1% |
| Profit (loss) for the period | 9904 | €93,877 | -€48,796 | -€142,673 | |
| Profit (loss) for the period to be appropriated | 9905 | €93,877 | -€48,796 | -€142,673 |
Next steps
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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 7 November 2026 via checked.be.