PENTA: 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.
PENTA
Largest movements
- Tangible fixed assets +€46,200
up €46,200 (+242.0%), from €19,088 to €65,288
of which Plant, machinery and equipment: +€31,587
- Intangible fixed assets +€23,227
new in 2025: €23,227
- Receivables within one year -€6,060
down €6,060 (-6.1%), from €99,118 to €93,058
of which Other amounts receivable: -€12,008
- Cash +€4,674
up €4,674 (+14.7%), from €31,745 to €36,419
mainly Trade debts (+€56,854) and Other debts (+€48,547)
- Stocks and contracts +€4,000
new in 2025: €4,000
- Trade debts +€56,854
up €56,854 (+132.1%), from €43,040 to €99,895
- Other debts +€48,547
new in 2025: €48,547
- Advances received -€46,449
down €46,449 (-86.6%), from €53,645 to €7,196
- Reserves -€34,167
down €34,167 (-89.4%), from €38,223 to €4,056
of which Distributable reserves: -€34,167
- Profit (loss) carried forward +€23,161
up €23,161, from -€23,161 to €0
- Staff costs -€92,166
down €92,166 (-54.8%), from €168,119 to €75,953
- Gross operating margin -€84,141
down €84,141 (-40.7%), from €206,961 to €122,821
- Depreciation +€6,705
up €6,705 (+126.5%), from €5,299 to €12,004
- Taxes +€2,297
up €2,297 (+1317.2%), from €174 to €2,472
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 | €151,211 | €226,055 | +€74,845 | +49.5% |
| Fixed assets | 21/28 | €19,274 | €92,151 | +€72,877 | +378.1% |
| Intangible fixed assets | 21 | - | €23,227 | +€23,227 | |
| Tangible fixed assets | 22/27 | €19,088 | €65,288 | +€46,200 | +242.0% |
| Land and buildings | 22 | - | €16,430 | +€16,430 | |
| Plant, machinery and equipment | 23 | €9,704 | €41,291 | +€31,587 | +325.5% |
| Furniture and vehicles | 24 | €3,043 | €1,759 | -€1,285 | -42.2% |
| Other tangible fixed assets | 26 | €6,341 | €5,808 | -€533 | -8.4% |
| Financial fixed assets | 28 | €186 | €3,636 | +€3,450 | +1859.5% |
| Current assets | 29/58 | €131,937 | €133,905 | +€1,967 | +1.5% |
| Stocks and contracts in progress | 3 | - | €4,000 | +€4,000 | |
| Stocks | 30/36 | - | €4,000 | +€4,000 | |
| Amounts receivable within one year | 40/41 | €99,118 | €93,058 | -€6,060 | -6.1% |
| Trade receivables | 40 | €75,770 | €81,719 | +€5,949 | +7.9% |
| Other amounts receivable | 41 | €23,348 | €11,339 | -€12,008 | -51.4% |
| Cash at bank and in hand | 54/58 | €31,745 | €36,419 | +€4,674 | +14.7% |
| Deferred charges and accrued income | 490/1 | €1,074 | €427 | -€647 | -60.2% |
| Total equity and liabilities | 10/49 | €151,211 | €226,055 | +€74,845 | +49.5% |
| Equity | 10/15 | €33,654 | €22,648 | -€11,007 | -32.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €38,223 | €4,056 | -€34,167 | -89.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €36,364 | €2,197 | -€34,167 | -94.0% |
| Profit (loss) carried forward | 14 | -€23,161 | €0 | +€23,161 | |
| Amounts payable | 17/49 | €117,556 | €203,408 | +€85,851 | +73.0% |
| Amounts payable after more than one year | 17 | €6,750 | €15,000 | +€8,250 | +122.2% |
| Financial debts | 170/4 | €6,750 | €15,000 | +€8,250 | +122.2% |
| Amounts payable within one year | 42/48 | €110,806 | €188,408 | +€77,601 | +70.0% |
| Current portion of amounts payable after more than one year | 42 | €11,000 | €7,630 | -€3,370 | -30.6% |
| Trade debts | 44 | €43,040 | €99,895 | +€56,854 | +132.1% |
| Suppliers | 440/4 | €43,040 | €99,895 | +€56,854 | +132.1% |
| Advances received on contracts in progress | 46 | €53,645 | €7,196 | -€46,449 | -86.6% |
| Taxes, remuneration and social security | 45 | €3,121 | €25,140 | +€22,019 | +705.5% |
| Taxes | 450/3 | €1,831 | €16,751 | +€14,920 | +814.9% |
| Remuneration and social security | 454/9 | €1,290 | €8,389 | +€7,099 | +550.1% |
| Other amounts payable | 47/48 | - | €48,547 | +€48,547 | |
| Non-recurring operating income | 76A | - | €2,327 | +€2,327 | |
| Remuneration, social security and pensions | 62 | €168,119 | €75,953 | -€92,166 | -54.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,299 | €12,004 | +€6,705 | +126.5% |
| Other operating charges | 640/8 | - | €1,748 | +€1,748 | |
| Non-recurring operating charges | 66A | - | €3,402 | +€3,402 | |
| Gross operating margin | 9900 | €206,961 | €122,821 | -€84,141 | -40.7% |
| Operating profit (loss) | 9901 | €33,543 | €29,713 | -€3,829 | -11.4% |
| Financial income | 75/76B | €457 | €0 | -€457 | -100.0% |
| Recurring financial income | 75 | €457 | €0 | -€457 | -100.0% |
| Non-recurring financial income | 76B | €457 | €0 | -€457 | -100.0% |
| Financial charges | 65/66B | €3,684 | €1,884 | -€1,800 | -48.9% |
| Recurring financial charges | 65 | €2,947 | €1,884 | -€1,063 | -36.1% |
| Non-recurring financial charges | 66B | €737 | €0 | -€737 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €30,315 | €27,829 | -€2,486 | -8.2% |
| Income taxes | 67/77 | €174 | €2,472 | +€2,297 | +1317.2% |
| Profit (loss) for the period | 9904 | €30,141 | €25,358 | -€4,783 | -15.9% |
| Profit (loss) for the period to be appropriated | 9905 | €30,141 | €25,358 | -€4,783 | -15.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.