PENDE INVEST: 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.
PENDE INVEST
Largest movements
- Tangible fixed assets +€232,086
up €232,086 (+43.8%), from €530,160 to €762,246
of which Furniture and vehicles: +€134,925
- Current investments -€148,414
down €148,414 (-100%), from €148,414 to €0
- Cash -€35,982
down €35,982 (-73.3%), from €49,106 to €13,123
mainly Investment in fixed assets (net) (-€283,669) and Debts after one year (-€37,686)
- Reserves +€67,653
up €67,653 (+19.3%), from €349,653 to €417,306
- Debts after one year -€37,686
down €37,686 (-15.7%), from €239,545 to €201,859
- Trade debts +€21,451
up €21,451 (+786%), from €2,731 to €24,182
- Tax, wage and social debts -€20,854
down €20,854 (-100.0%), from €20,858 to €4
- Other debts +€9,954
up €9,954 (+16.8%), from €59,235 to €69,189
- Gross operating margin +€34,121
up €34,121 (+19.8%), from €172,338 to €206,459
- Write-downs +€30,499
new in 2025: €30,499
- Financial income -€7,223
down €7,223 (-56.8%), from €12,720 to €5,498
- Financial charges +€2,662
up €2,662 (+40.4%), from €6,586 to €9,248
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €779,705 | €820,591 | +€40,887 | +5.2% |
| Fixed assets | 21/28 | €530,160 | €762,246 | +€232,086 | +43.8% |
| Tangible fixed assets | 22/27 | €530,160 | €762,246 | +€232,086 | +43.8% |
| Land and buildings | 22 | €530,160 | €627,321 | +€97,161 | +18.3% |
| Furniture and vehicles | 24 | - | €134,925 | +€134,925 | |
| Current assets | 29/58 | €249,545 | €58,346 | -€191,199 | -76.6% |
| Amounts receivable within one year | 40/41 | €51,001 | €42,903 | -€8,098 | -15.9% |
| Trade receivables | 40 | €2,845 | €13,702 | +€10,857 | +382% |
| Other amounts receivable | 41 | €48,156 | €29,202 | -€18,954 | -39.4% |
| Current investments | 50/53 | €148,414 | €0 | -€148,414 | -100% |
| Cash at bank and in hand | 54/58 | €49,106 | €13,123 | -€35,982 | -73.3% |
| Deferred charges and accrued income | 490/1 | €1,024 | €2,319 | +€1,295 | +127% |
| Total equity and liabilities | 10/49 | €779,705 | €820,591 | +€40,887 | +5.2% |
| Equity | 10/15 | €419,618 | €487,271 | +€67,653 | +16.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €349,653 | €417,306 | +€67,653 | +19.3% |
| Distributable reserves | 133 | €349,653 | €417,306 | +€67,653 | +19.3% |
| Profit (loss) carried forward | 14 | €63,765 | €63,765 | = | 0.0% |
| Amounts payable | 17/49 | €360,087 | €333,321 | -€26,766 | -7.4% |
| Amounts payable after more than one year | 17 | €239,545 | €201,859 | -€37,686 | -15.7% |
| Financial debts | 170/4 | €239,545 | €201,859 | -€37,686 | -15.7% |
| Amounts payable within one year | 42/48 | €120,073 | €131,062 | +€10,988 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €37,249 | €37,686 | +€437 | +1.2% |
| Trade debts | 44 | €2,731 | €24,182 | +€21,451 | +786% |
| Suppliers | 440/4 | €2,731 | €24,182 | +€21,451 | +786% |
| Taxes, remuneration and social security | 45 | €20,858 | €4 | -€20,854 | -100.0% |
| Taxes | 450/3 | €20,858 | €4 | -€20,854 | -100.0% |
| Other amounts payable | 47/48 | €59,235 | €69,189 | +€9,954 | +16.8% |
| Accrued charges and deferred income | 492/3 | €468 | €400 | -€69 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,750 | €51,583 | -€167 | -0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €30,499 | +€30,499 | |
| Other operating charges | 640/8 | €750 | €818 | +€69 | +9.1% |
| Gross operating margin | 9900 | €172,338 | €206,459 | +€34,121 | +19.8% |
| Operating profit (loss) | 9901 | €119,838 | €123,559 | +€3,721 | +3.1% |
| Financial income | 75/76B | €12,720 | €5,498 | -€7,223 | -56.8% |
| Recurring financial income | 75 | €12,720 | €5,498 | -€7,223 | -56.8% |
| Financial charges | 65/66B | €6,586 | €9,248 | +€2,662 | +40.4% |
| Recurring financial charges | 65 | €6,586 | €9,248 | +€2,662 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | €125,972 | €119,809 | -€6,163 | -4.9% |
| Income taxes | 67/77 | €40,907 | €39,428 | -€1,479 | -3.6% |
| Profit (loss) for the period | 9904 | €85,065 | €80,381 | -€4,684 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €85,065 | €80,381 | -€4,684 | -5.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.