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
- Receivables within one year +€411,143
up €411,143 (+126.9%), from €323,950 to €735,094
of which Other amounts receivable: +€413,300
- Cash -€273,247
down €273,247 (-53.1%), from €514,329 to €241,082
mainly Receivables within one year (-€411,143) and Investment in fixed assets (net) (-€189,211)
- Intangible fixed assets +€189,918
new in 2025: €189,918
- Tangible fixed assets -€97,696
down €97,696 (-20.3%), from €481,273 to €383,578
of which Furniture and vehicles: -€53,214
- Other debts +€199,904
up €199,904 (+159159.6%), from €126 to €200,030
- Profit (loss) carried forward +€68,126
up €68,126 (+15.4%), from €442,926 to €511,051
- Debts after one year -€40,477
down €40,477 (-40.8%), from €99,299 to €58,822
- Tax, wage and social debts +€28,390
up €28,390 (+15.9%), from €178,918 to €207,308
of which Remuneration and social security: +€27,904
- Staff costs -€43,315
down €43,315 (-2.7%), from €1.6m to €1.6m
- Gross operating margin +€22,157
up €22,157 (+1.2%), from €1.8m to €1.8m
- Taxes +€18,959
up €18,959 (+236.3%), from €8,022 to €26,981
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 | €1,377,706 | €1,610,626 | +€232,920 | +16.9% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | €481,533 | €573,755 | +€92,222 | +19.2% |
| Intangible fixed assets | 21 | - | €189,918 | +€189,918 | |
| Tangible fixed assets | 22/27 | €481,273 | €383,578 | -€97,696 | -20.3% |
| Plant, machinery and equipment | 23 | €321,933 | €277,452 | -€44,482 | -13.8% |
| Furniture and vehicles | 24 | €159,340 | €106,126 | -€53,214 | -33.4% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €896,172 | €1,036,871 | +€140,699 | +15.7% |
| Stocks and contracts in progress | 3 | €55,805 | €59,703 | +€3,898 | +7.0% |
| Stocks | 30/36 | €55,805 | €59,703 | +€3,898 | +7.0% |
| Amounts receivable within one year | 40/41 | €323,950 | €735,094 | +€411,143 | +126.9% |
| Trade receivables | 40 | €2,250 | €94 | -€2,157 | -95.8% |
| Other amounts receivable | 41 | €321,700 | €735,000 | +€413,300 | +128.5% |
| Cash at bank and in hand | 54/58 | €514,329 | €241,082 | -€273,247 | -53.1% |
| Deferred charges and accrued income | 490/1 | €2,088 | €992 | -€1,096 | -52.5% |
| Total equity and liabilities | 10/49 | €1,377,706 | €1,610,626 | +€232,920 | +16.9% |
| Equity | 10/15 | €654,455 | €714,899 | +€60,444 | +9.2% |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Capital | 10 | €123,947 | €123,947 | = | 0.0% |
| Issued capital | 100 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €32,718 | €32,718 | = | 0.0% |
| Non-distributable reserves | 130/1 | €32,718 | €32,718 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Reserves not available under the articles | 1311 | €20,323 | €20,323 | = | 0.0% |
| Profit (loss) carried forward | 14 | €442,926 | €511,051 | +€68,126 | +15.4% |
| Investment grants | 15 | €54,864 | €47,182 | -€7,682 | -14.0% |
| Amounts payable | 17/49 | €723,251 | €895,728 | +€172,476 | +23.8% |
| Amounts payable after more than one year | 17 | €99,299 | €58,822 | -€40,477 | -40.8% |
| Financial debts | 170/4 | €99,299 | €58,822 | -€40,477 | -40.8% |
| Amounts payable within one year | 42/48 | €623,953 | €836,906 | +€212,953 | +34.1% |
| Current portion of amounts payable after more than one year | 42 | €39,633 | €40,477 | +€844 | +2.1% |
| Trade debts | 44 | €400,778 | €387,961 | -€12,817 | -3.2% |
| Suppliers | 440/4 | €400,778 | €387,961 | -€12,817 | -3.2% |
| Advances received on contracts in progress | 46 | €4,498 | €1,131 | -€3,368 | -74.9% |
| Taxes, remuneration and social security | 45 | €178,918 | €207,308 | +€28,390 | +15.9% |
| Taxes | 450/3 | €28,843 | €29,329 | +€486 | +1.7% |
| Remuneration and social security | 454/9 | €150,075 | €177,979 | +€27,904 | +18.6% |
| Other amounts payable | 47/48 | €126 | €200,030 | +€199,904 | +159159.6% |
| Remuneration, social security and pensions | 62 | €1,622,005 | €1,578,690 | -€43,315 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,336 | €96,989 | -€4,347 | -4.3% |
| Other operating charges | 640/8 | €10,605 | €5,242 | -€5,363 | -50.6% |
| Gross operating margin | 9900 | €1,785,357 | €1,807,514 | +€22,157 | +1.2% |
| Operating profit (loss) | 9901 | €51,411 | €126,594 | +€75,183 | +146.2% |
| Financial income | 75/76B | €7,715 | €7,843 | +€127 | +1.7% |
| Recurring financial income | 75 | €7,715 | €7,843 | +€127 | +1.7% |
| Financial charges | 65/66B | €40,906 | €39,330 | -€1,576 | -3.9% |
| Recurring financial charges | 65 | €40,906 | €39,330 | -€1,576 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €18,220 | €95,107 | +€76,886 | +422.0% |
| Income taxes | 67/77 | €8,022 | €26,981 | +€18,959 | +236.3% |
| Profit (loss) for the period | 9904 | €10,198 | €68,126 | +€57,927 | +568.0% |
| Profit (loss) for the period to be appropriated | 9905 | €10,198 | €68,126 | +€57,927 | +568.0% |
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 28 September 2026 via checked.be.