Penetron Benelux: 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.
Penetron Benelux
Largest movements
- Receivables within one year +€85,022
up €85,022 (+211%), from €40,244 to €125,265
of which Trade receivables: +€86,240
- Cash +€26,187
up €26,187 (+960%), from €2,727 to €28,914
mainly Short-term financial debts (+€100,000) and Trade debts (+€45,981)
- Intangible fixed assets -€7,619
down €7,619 (-25.1%), from €30,306 to €22,687
- Short-term financial debts +€100,000
new in 2025: €100,000
- Profit (loss) carried forward -€52,996
down €52,996 (-151%), from -€35,133 to -€88,128
- Trade debts +€45,981
up €45,981 (+114%), from €40,467 to €86,448
- Tax, wage and social debts +€5,559
new in 2025: €5,559
- Accrued charges and deferred income +€4,674
up €4,674 (+132%), from €3,542 to €8,216
- Gross operating margin -€18,279
down €18,279 (-90.1%), from -€20,294 to -€38,573
- Depreciation +€4,094
up €4,094 (+116%), from €3,525 to €7,619
- Financial charges -€3,255
down €3,255 (-31.4%), from €10,369 to €7,114
of which Financial charges: -€1,879
- Financial income +€830
new in 2025: €830
- Other operating charges -€425
down €425 (-45.0%), from €945 to €520
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 | €208,876 | €312,094 | +€103,218 | +49.4% |
| Fixed assets | 21/28 | €30,306 | €22,687 | -€7,619 | -25.1% |
| Intangible fixed assets | 21 | €30,306 | €22,687 | -€7,619 | -25.1% |
| Current assets | 29/58 | €178,570 | €289,408 | +€110,837 | +62.1% |
| Stocks and contracts in progress | 3 | €133,030 | €131,891 | -€1,139 | -0.9% |
| Stocks | 30/36 | €133,030 | €131,891 | -€1,139 | -0.9% |
| Amounts receivable within one year | 40/41 | €40,244 | €125,265 | +€85,022 | +211% |
| Trade receivables | 40 | €38,957 | €125,197 | +€86,240 | +221% |
| Other amounts receivable | 41 | €1,287 | €68 | -€1,219 | -94.7% |
| Cash at bank and in hand | 54/58 | €2,727 | €28,914 | +€26,187 | +960% |
| Deferred charges and accrued income | 490/1 | €2,570 | €3,337 | +€767 | +29.8% |
| Total equity and liabilities | 10/49 | €208,876 | €312,094 | +€103,218 | +49.4% |
| Equity | 10/15 | €64,867 | €11,872 | -€52,996 | -81.7% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€35,133 | -€88,128 | -€52,996 | -151% |
| Amounts payable | 17/49 | €144,009 | €300,223 | +€156,214 | +108% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €40,467 | €192,007 | +€151,540 | +374% |
| Financial debts | 43 | - | €100,000 | +€100,000 | |
| Credit institutions | 430/8 | - | €100,000 | +€100,000 | |
| Trade debts | 44 | €40,467 | €86,448 | +€45,981 | +114% |
| Suppliers | 440/4 | €40,467 | €86,448 | +€45,981 | +114% |
| Taxes, remuneration and social security | 45 | - | €5,559 | +€5,559 | |
| Taxes | 450/3 | - | €5,559 | +€5,559 | |
| Accrued charges and deferred income | 492/3 | €3,542 | €8,216 | +€4,674 | +132% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,525 | €7,619 | +€4,094 | +116% |
| Other operating charges | 640/8 | €945 | €520 | -€425 | -45.0% |
| Gross operating margin | 9900 | -€20,294 | -€38,573 | -€18,279 | -90.1% |
| Operating profit (loss) | 9901 | -€24,764 | -€46,712 | -€21,948 | -88.6% |
| Financial income | 75/76B | - | €830 | +€830 | |
| Recurring financial income | 75 | - | €830 | +€830 | |
| Financial charges | 65/66B | €10,369 | €7,114 | -€3,255 | -31.4% |
| Recurring financial charges | 65 | €8,992 | €7,114 | -€1,879 | -20.9% |
| Non-recurring financial charges | 66B | €1,377 | - | -€1,377 | |
| Profit (loss) for the period before taxes | 9903 | -€35,133 | -€52,996 | -€17,863 | -50.8% |
| Profit (loss) for the period | 9904 | -€35,133 | -€52,996 | -€17,863 | -50.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,133 | -€52,996 | -€17,863 | -50.8% |
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 30 October 2026 via checked.be.