CFH Penta Belgian: what changed
Two financial 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.
What changed
CFH Penta Belgian
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · -€1.0m+€2.5m
Equity
-€3.6m
2024 · -€5.1m+€1.5m
Cash
€320,806
2024 · €559,376-€238,570
Balance sheet total
€1.3m
2024 · €2.2m-€888,488
Largest movements
Assets
- Receivables within one year -€853,677
down €853,677 (-75.4%), from €1.1m to €278,499
of which Trade receivables: -€538,180
- Cash -€238,570
down €238,570 (-42.6%), from €559,376 to €320,806
mainly Trade debts (-€1.9m) and Accrued charges and deferred income (-€509,676)
- Financial fixed assets +€164,449
up €164,449 (+1,176%), from €13,987 to €178,436
- Tangible fixed assets +€22,955
up €22,955 (+7.8%), from €293,196 to €316,151
of which Plant, machinery and equipment: +€32,608
Equity and liabilities
- Trade debts -€1.9m
down €1.9m (-30.0%), from €6.5m to €4.5m
- Profit (loss) carried forward +€1.5m
up €1.5m (+28.4%), from -€5.1m to -€3.7m
- Accrued charges and deferred income -€509,676
down €509,676 (-100%), from €509,676 to €0
- Tax, wage and social debts +€397,796
up €397,796 (+12,240%), from €3,250 to €401,046
of which Taxes: +€401,046
- Advances received -€288,301
down €288,301 (-96.3%), from €299,480 to €11,180
Income statement
- Services and other goods -€3.8m
down €3.8m (-21.4%), from €17.8m to €14.0m
- Turnover -€1.7m
down €1.7m (-8.0%), from €20.7m to €19.1m
- Goods and materials -€485,513
down €485,513 (-16.5%), from €2.9m to €2.5m
of which Purchases: -€466,211
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.
Result 2024
-€1.0m
Turnover
-€1.7m
Other operating income
-€42,761
Goods and materials
+€485,513
Services and other goods
+€3.8m
Depreciation
-€908
Other operating charges
-€54,268
Other operating items
+€1,093
Financial income
-€1,655
Financial charges
+€1,215
Taxes
-€66,646
Result 2025
€1.5m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
+€18,677
Investment
-€257,247
Financing
€0
Cash 2024
€559,376
From operations (derived)
+€18,677
Net result for the year
+€1.5m
Depreciation
+€70,181
Stocks and contracts
-€12,047
Receivables within one year
+€853,677
Smaller working-capital items
-€4,573
Trade debts
-€1.9m
Tax, wage and social debts
+€397,796
Advances received
-€288,301
Accrued charges and deferred income
-€509,676
Investment (derived)
-€257,247
Investment in fixed assets (net)
-€257,247
Cash 2025
€320,806
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,216,998 | €1,328,510 | -€888,488 | -40.1% |
| Fixed assets | 21/28 | €308,021 | €495,087 | +€187,066 | +60.7% |
| Intangible fixed assets | 21 | €838 | €500 | -€338 | -40.3% |
| Tangible fixed assets | 22/27 | €293,196 | €316,151 | +€22,955 | +7.8% |
| Land and buildings | 22 | €69,479 | €64,570 | -€4,909 | -7.1% |
| Plant, machinery and equipment | 23 | €200,392 | €232,999 | +€32,608 | +16.3% |
| Furniture and vehicles | 24 | €19,841 | €18,582 | -€1,259 | -6.3% |
| Assets under construction and advance payments | 27 | €3,484 | €0 | -€3,484 | -100% |
| Financial fixed assets | 28 | €13,987 | €178,436 | +€164,449 | +1,176% |
| Other financial fixed assets | 284/8 | €13,987 | €178,436 | +€164,449 | +1,176% |
| Amounts receivable and cash guarantees | 285/8 | €13,987 | €178,436 | +€164,449 | +1,176% |
| Current assets | 29/58 | €1,908,977 | €833,423 | -€1.1m | -56.3% |
| Stocks and contracts in progress | 3 | €109,721 | €121,768 | +€12,047 | +11.0% |
| Stocks | 30/36 | €109,721 | €121,768 | +€12,047 | +11.0% |
| Raw materials and consumables | 30/31 | €109,721 | €121,768 | +€12,047 | +11.0% |
| Amounts receivable within one year | 40/41 | €1,132,175 | €278,499 | -€853,677 | -75.4% |
| Trade receivables | 40 | €811,356 | €273,176 | -€538,180 | -66.3% |
| Other amounts receivable | 41 | €320,819 | €5,323 | -€315,496 | -98.3% |
| Cash at bank and in hand | 54/58 | €559,376 | €320,806 | -€238,570 | -42.6% |
| Deferred charges and accrued income | 490/1 | €107,705 | €112,351 | +€4,646 | +4.3% |
| Total equity and liabilities | 10/49 | €2,216,998 | €1,328,510 | -€888,488 | -40.1% |
| Equity | 10/15 | -€5,065,302 | -€3,611,709 | +€1.5m | +28.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,126,802 | -€3,673,209 | +€1.5m | +28.4% |
| Amounts payable | 17/49 | €7,282,301 | €4,940,219 | -€2.3m | -32.2% |
| Amounts payable within one year | 42/48 | €6,772,625 | €4,940,219 | -€1.8m | -27.1% |
| Trade debts | 44 | €6,469,632 | €4,527,659 | -€1.9m | -30.0% |
| Suppliers | 440/4 | €6,469,632 | €4,527,659 | -€1.9m | -30.0% |
| Advances received on contracts in progress | 46 | €299,480 | €11,180 | -€288,301 | -96.3% |
| Taxes, remuneration and social security | 45 | €3,250 | €401,046 | +€397,796 | +12,240% |
| Taxes | 450/3 | €0 | €401,046 | +€401,046 | |
| Remuneration and social security | 454/9 | €3,250 | €0 | -€3,250 | -100% |
| Other amounts payable | 47/48 | €263 | €336 | +€73 | +27.8% |
| Accrued charges and deferred income | 492/3 | €509,676 | €0 | -€509,676 | -100% |
| Operating income | 70/76A | €20,854,662 | €19,145,248 | -€1.7m | -8.2% |
| Turnover | 70 | €20,721,496 | €19,054,843 | -€1.7m | -8.0% |
| Other operating income | 74 | €133,166 | €90,405 | -€42,761 | -32.1% |
| Operating charges | 60/66A | €21,882,653 | €17,633,598 | -€4.2m | -19.4% |
| Goods for resale, raw materials and consumables | 60 | €2,949,109 | €2,463,596 | -€485,513 | -16.5% |
| Purchases | 600/8 | €2,950,001 | €2,483,789 | -€466,211 | -15.8% |
| Change in stocks: decrease (increase) | 609 | -€892 | -€20,193 | -€19,302 | -2,165% |
| Services and other goods | 61 | €17,807,906 | €13,990,281 | -€3.8m | -21.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,273 | €70,181 | +€908 | +1.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €1,055,040 | €1,109,308 | +€54,268 | +5.1% |
| Non-recurring operating charges | 66A | €1,325 | €232 | -€1,093 | -82.5% |
| Operating profit (loss) | 9901 | -€1,027,991 | €1,511,650 | +€2.5m | |
| Financial income | 75/76B | €13,109 | €11,454 | -€1,655 | -12.6% |
| Recurring financial income | 75 | €13,109 | €11,454 | -€1,655 | -12.6% |
| Income from financial fixed assets | 750 | €12,872 | €0 | -€12,872 | -100% |
| Other financial income | 752/9 | €236 | €11,454 | +€11,217 | +4,746% |
| Financial charges | 65/66B | €5,029 | €3,814 | -€1,215 | -24.2% |
| Recurring financial charges | 65 | €4,267 | €3,714 | -€552 | -12.9% |
| Debt charges | 650 | €91 | €33 | -€58 | -63.5% |
| Other financial charges | 652/9 | €4,176 | €3,681 | -€495 | -11.8% |
| Non-recurring financial charges | 66B | €762 | €100 | -€662 | -86.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,019,911 | €1,519,290 | +€2.5m | |
| Income taxes | 67/77 | -€950 | €65,696 | +€66,646 | |
| Taxes | 670/3 | €11,057 | €65,807 | +€54,750 | +495% |
| Tax adjustments and reversals of tax provisions | 77 | €12,007 | €111 | -€11,896 | -99.1% |
| Profit (loss) for the period | 9904 | -€1,018,961 | €1,453,593 | +€2.5m | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,018,961 | €1,453,593 | +€2.5m |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.