Pensato-IT: 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.
Pensato-IT
Largest movements
- Current investments +€43,937
up €43,937 (+116%), from €37,784 to €81,722
- Cash -€19,385
down €19,385 (-73.5%), from €26,381 to €6,996
mainly Contributions, distributions and other (-€75,555) and Current investments (-€43,937)
- Receivables within one year -€18,332
down €18,332 (-58.1%), from €31,547 to €13,215
of which Trade receivables: -€27,057
- Deferred charges and accrued income -€1,365
down €1,365 (-55.8%), from €2,444 to €1,079
- Other debts +€64,698
up €64,698 (+1,482%), from €4,367 to €69,065
- Profit (loss) carried forward -€46,618
down €46,618 (-61.7%), from €75,555 to €28,937
- Tax, wage and social debts -€11,440
down €11,440 (-97.0%), from €11,800 to €359
- Trade debts -€1,658
down €1,658 (-100%), from €1,658 to €0
- Gross operating margin -€59,170
down €59,170 (-61.4%), from €96,387 to €37,217
- Taxes -€12,565
down €12,565 (-63.0%), from €19,935 to €7,370
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 | €98,729 | €103,362 | +€4,632 | +4.7% |
| Fixed assets | 21/28 | €573 | €349 | -€224 | -39.0% |
| Tangible fixed assets | 22/27 | €573 | €349 | -€224 | -39.0% |
| Furniture and vehicles | 24 | €573 | €349 | -€224 | -39.0% |
| Current assets | 29/58 | €98,156 | €103,012 | +€4,856 | +4.9% |
| Amounts receivable within one year | 40/41 | €31,547 | €13,215 | -€18,332 | -58.1% |
| Trade receivables | 40 | €29,272 | €2,215 | -€27,057 | -92.4% |
| Other amounts receivable | 41 | €2,275 | €11,000 | +€8,725 | +384% |
| Current investments | 50/53 | €37,784 | €81,722 | +€43,937 | +116% |
| Cash at bank and in hand | 54/58 | €26,381 | €6,996 | -€19,385 | -73.5% |
| Deferred charges and accrued income | 490/1 | €2,444 | €1,079 | -€1,365 | -55.8% |
| Total equity and liabilities | 10/49 | €98,729 | €103,362 | +€4,632 | +4.7% |
| Equity | 10/15 | €80,555 | €33,937 | -€46,618 | -57.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,555 | €28,937 | -€46,618 | -61.7% |
| Amounts payable | 17/49 | €18,174 | €69,425 | +€51,250 | +282% |
| Amounts payable within one year | 42/48 | €17,824 | €69,425 | +€51,600 | +289% |
| Trade debts | 44 | €1,658 | €0 | -€1,658 | -100% |
| Suppliers | 440/4 | €1,658 | €0 | -€1,658 | -100% |
| Taxes, remuneration and social security | 45 | €11,800 | €359 | -€11,440 | -97.0% |
| Taxes | 450/3 | €11,800 | €359 | -€11,440 | -97.0% |
| Other amounts payable | 47/48 | €4,367 | €69,065 | +€64,698 | +1,482% |
| Accrued charges and deferred income | 492/3 | €350 | €0 | -€350 | -100% |
| Non-recurring operating income | 76A | - | €9,089 | +€9,089 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300 | €224 | -€76 | -25.4% |
| Other operating charges | 640/8 | €1,022 | €807 | -€216 | -21.1% |
| Gross operating margin | 9900 | €96,387 | €37,217 | -€59,170 | -61.4% |
| Operating profit (loss) | 9901 | €95,065 | €36,187 | -€58,878 | -61.9% |
| Financial income | 75/76B | €674 | €327 | -€347 | -51.5% |
| Recurring financial income | 75 | €674 | €327 | -€347 | -51.5% |
| Financial charges | 65/66B | €250 | €208 | -€42 | -16.9% |
| Recurring financial charges | 65 | €250 | €208 | -€42 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €95,490 | €36,307 | -€59,183 | -62.0% |
| Income taxes | 67/77 | €19,935 | €7,370 | -€12,565 | -63.0% |
| Profit (loss) for the period | 9904 | €75,555 | €28,937 | -€46,618 | -61.7% |
| Profit (loss) for the period to be appropriated | 9905 | €75,555 | €28,937 | -€46,618 | -61.7% |
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 31 October 2026 via checked.be.