DE PENSOOL: 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.
DE PENSOOL
Largest movements
- Cash +€27,649
up €27,649 (+12.4%), from €222,139 to €249,788
mainly Net result for the year (+€33,809) and Depreciation (+€16,205)
- Reserves +€27,306
up €27,306 (+32.3%), from €84,476 to €111,782
of which Distributable reserves: +€27,306
- Advances received +€9,725
up €9,725 (+11.2%), from €86,596 to €96,320
- Tax, wage and social debts -€6,869
down €6,869 (-92.4%), from €7,430 to €562
- Taxes +€8,301
up €8,301 (+116.2%), from €7,143 to €15,444
- Gross operating margin -€1,387
down €1,387 (-1.8%), from €78,459 to €77,072
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 | €328,892 | €360,320 | +€31,428 | +9.6% |
| Fixed assets | 21/28 | €96,506 | €98,801 | +€2,295 | +2.4% |
| Tangible fixed assets | 22/27 | €96,233 | €98,528 | +€2,295 | +2.4% |
| Land and buildings | 22 | €50,710 | €48,424 | -€2,287 | -4.5% |
| Plant, machinery and equipment | 23 | €18,147 | €13,266 | -€4,882 | -26.9% |
| Furniture and vehicles | 24 | €27,376 | €36,839 | +€9,463 | +34.6% |
| Financial fixed assets | 28 | €273 | €273 | = | 0.0% |
| Current assets | 29/58 | €232,387 | €261,519 | +€29,133 | +12.5% |
| Stocks and contracts in progress | 3 | €6,474 | €7,474 | +€1,000 | +15.4% |
| Stocks | 30/36 | €6,474 | €7,474 | +€1,000 | +15.4% |
| Amounts receivable within one year | 40/41 | €422 | €1,436 | +€1,014 | +240.6% |
| Trade receivables | 40 | €422 | €1,436 | +€1,014 | +240.6% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €222,139 | €249,788 | +€27,649 | +12.4% |
| Deferred charges and accrued income | 490/1 | €3,353 | €2,821 | -€531 | -15.8% |
| Total equity and liabilities | 10/49 | €328,892 | €360,320 | +€31,428 | +9.6% |
| Equity | 10/15 | €220,818 | €248,124 | +€27,306 | +12.4% |
| Contributions | 10/11 | €136,341 | €136,341 | = | 0.0% |
| Capital | 10 | €136,341 | €136,341 | = | 0.0% |
| Issued capital | 100 | €136,341 | €136,341 | = | 0.0% |
| Reserves | 13 | €84,476 | €111,782 | +€27,306 | +32.3% |
| Non-distributable reserves | 130/1 | €1,714 | €1,714 | = | 0.0% |
| Legal reserve | 130 | €1,714 | €1,714 | = | 0.0% |
| Distributable reserves | 133 | €82,762 | €110,068 | +€27,306 | +33.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €108,075 | €112,196 | +€4,121 | +3.8% |
| Amounts payable within one year | 42/48 | €107,058 | €110,408 | +€3,350 | +3.1% |
| Trade debts | 44 | €929 | €2,131 | +€1,202 | +129.5% |
| Suppliers | 440/4 | €929 | €2,131 | +€1,202 | +129.5% |
| Advances received on contracts in progress | 46 | €86,596 | €96,320 | +€9,725 | +11.2% |
| Taxes, remuneration and social security | 45 | €7,430 | €562 | -€6,869 | -92.4% |
| Taxes | 450/3 | €7,430 | €562 | -€6,869 | -92.4% |
| Other amounts payable | 47/48 | €12,104 | €11,395 | -€708 | -5.9% |
| Accrued charges and deferred income | 492/3 | €1,017 | €1,789 | +€772 | +75.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,490 | €16,205 | +€715 | +4.6% |
| Other operating charges | 640/8 | €11,276 | €11,130 | -€146 | -1.3% |
| Gross operating margin | 9900 | €78,459 | €77,072 | -€1,387 | -1.8% |
| Operating profit (loss) | 9901 | €51,693 | €49,737 | -€1,956 | -3.8% |
| Financial income | 75/76B | €437 | €855 | +€418 | +95.7% |
| Recurring financial income | 75 | €437 | €855 | +€418 | +95.7% |
| Financial charges | 65/66B | €1,297 | €1,339 | +€42 | +3.3% |
| Recurring financial charges | 65 | €1,297 | €1,339 | +€42 | +3.3% |
| Profit (loss) for the period before taxes | 9903 | €50,833 | €49,253 | -€1,580 | -3.1% |
| Income taxes | 67/77 | €7,143 | €15,444 | +€8,301 | +116.2% |
| Profit (loss) for the period | 9904 | €43,690 | €33,809 | -€9,881 | -22.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,690 | €33,809 | -€9,881 | -22.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.