PENTA MANAGEMENT: 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.
PENTA MANAGEMENT
Largest movements
- Cash +€103,749
up €103,749 (+49.1%), from €211,225 to €314,974
mainly Net result for the year (+€80,493) and Trade debts (+€36,724)
- Receivables within one year -€29,912
down €29,912 (-14.7%), from €203,290 to €173,378
of which Trade receivables: -€41,006
- Profit (loss) carried forward +€80,820
up €80,820 (+97.6%), from €82,810 to €163,630
- Accrued charges and deferred income -€80,586
down €80,586 (-68.7%), from €117,326 to €36,740
- Trade debts +€36,724
up €36,724 (+37.1%), from €99,048 to €135,772
- Tax, wage and social debts +€31,945
new in 2025: €31,945
- Gross operating margin +€31,822
up €31,822 (+37.2%), from €85,627 to €117,449
- Other operating charges -€12,440
down €12,440 (-99.0%), from €12,565 to €125
- Financial income -€11,378
down €11,378 (-88.9%), from €12,796 to €1,418
- Taxes +€8,871
up €8,871 (+37.8%), from €23,499 to €32,370
- Depreciation -€2,581
down €2,581 (-30.9%), from €8,366 to €5,785
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 | €436,014 | €503,850 | +€67,836 | +15.6% |
| Fixed assets | 21/28 | €13,031 | €9,492 | -€3,539 | -27.2% |
| Tangible fixed assets | 22/27 | €12,974 | €9,435 | -€3,539 | -27.3% |
| Furniture and vehicles | 24 | €12,974 | €9,435 | -€3,539 | -27.3% |
| Financial fixed assets | 28 | €57 | €57 | = | 0.0% |
| Current assets | 29/58 | €422,983 | €494,358 | +€71,375 | +16.9% |
| Amounts receivable within one year | 40/41 | €203,290 | €173,378 | -€29,912 | -14.7% |
| Trade receivables | 40 | €190,273 | €149,267 | -€41,006 | -21.6% |
| Other amounts receivable | 41 | €13,017 | €24,111 | +€11,094 | +85.2% |
| Cash at bank and in hand | 54/58 | €211,225 | €314,974 | +€103,749 | +49.1% |
| Deferred charges and accrued income | 490/1 | €8,468 | €6,006 | -€2,462 | -29.1% |
| Total equity and liabilities | 10/49 | €436,014 | €503,850 | +€67,836 | +15.6% |
| Equity | 10/15 | €188,815 | €269,308 | +€80,493 | +42.6% |
| Contributions | 10/11 | €74,370 | €74,370 | = | 0.0% |
| Capital | 10 | €74,370 | €74,370 | = | 0.0% |
| Issued capital | 100 | €74,370 | €74,370 | = | 0.0% |
| Reserves | 13 | €31,635 | €31,308 | -€327 | -1.0% |
| Non-distributable reserves | 130/1 | €12,395 | €12,395 | = | 0.0% |
| Legal reserve | 130 | €12,395 | €12,395 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,240 | €18,913 | -€327 | -1.7% |
| Profit (loss) carried forward | 14 | €82,810 | €163,630 | +€80,820 | +97.6% |
| Provisions and deferred taxes | 16 | €210 | €70 | -€140 | -66.7% |
| Deferred taxes | 168 | €210 | €70 | -€140 | -66.7% |
| Amounts payable | 17/49 | €246,989 | €234,472 | -€12,517 | -5.1% |
| Amounts payable within one year | 42/48 | €129,663 | €197,732 | +€68,069 | +52.5% |
| Trade debts | 44 | €99,048 | €135,772 | +€36,724 | +37.1% |
| Suppliers | 440/4 | €99,048 | €135,772 | +€36,724 | +37.1% |
| Taxes, remuneration and social security | 45 | - | €31,945 | +€31,945 | |
| Taxes | 450/3 | - | €31,945 | +€31,945 | |
| Other amounts payable | 47/48 | €30,615 | €30,015 | -€600 | -2.0% |
| Accrued charges and deferred income | 492/3 | €117,326 | €36,740 | -€80,586 | -68.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,366 | €5,785 | -€2,581 | -30.9% |
| Other operating charges | 640/8 | €12,565 | €125 | -€12,440 | -99.0% |
| Gross operating margin | 9900 | €85,627 | €117,449 | +€31,822 | +37.2% |
| Operating profit (loss) | 9901 | €64,696 | €111,539 | +€46,843 | +72.4% |
| Financial income | 75/76B | €12,796 | €1,418 | -€11,378 | -88.9% |
| Recurring financial income | 75 | €12,796 | €1,418 | -€11,378 | -88.9% |
| Financial charges | 65/66B | €121 | €234 | +€113 | +93.4% |
| Recurring financial charges | 65 | €121 | €234 | +€113 | +93.4% |
| Profit (loss) for the period before taxes | 9903 | €77,371 | €112,723 | +€35,352 | +45.7% |
| Transfer from deferred taxes | 780 | - | €140 | +€140 | |
| Income taxes | 67/77 | €23,499 | €32,370 | +€8,871 | +37.8% |
| Profit (loss) for the period | 9904 | €53,872 | €80,493 | +€26,621 | +49.4% |
| Transfer from tax-exempt reserves | 789 | - | €327 | +€327 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,872 | €80,820 | +€26,948 | +50.0% |
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 16 October 2026 via checked.be.