PENTA REIZEN: 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.
What changed
PENTA REIZEN
NACE 79.110, Travel agency activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€65,317
2024 · €60,212+€5,106
Equity
€378,831
2024 · €411,658-€32,827
Cash
€589,418
2024 · €574,219+€15,199
Balance sheet total
€2.5m
2024 · €2.1m+€436,800
Largest movements
Assets
- Receivables within one year +€318,796
up €318,796 (+94.8%), from €336,372 to €655,168
of which Trade receivables: +€311,479
- Deferred charges and accrued income +€113,692
up €113,692 (+37.3%), from €304,924 to €418,616
Equity and liabilities
- Accrued charges and deferred income +€662,626
up €662,626 (+1,911%), from €34,674 to €697,300
- Short-term financial debts -€300,239
down €300,239 (-66.0%), from €455,011 to €154,772
- Other debts +€91,765
new in 2025: €91,765
- Trade debts +€72,872
up €72,872 (+22.3%), from €326,288 to €399,160
- Debts after one year -€39,248
down €39,248 (-5.4%), from €728,203 to €688,955
Income statement
- Gross operating margin +€80,777
up €80,777 (+14.9%), from €541,147 to €621,924
- Financial income -€30,457
down €30,457 (-72.8%), from €41,823 to €11,366
- Staff costs +€29,056
up €29,056 (+7.3%), from €397,622 to €426,678
- Other operating charges -€15,687
down €15,687 (-61.9%), from €25,346 to €9,659
- Financial charges +€13,234
up €13,234 (+121%), from €10,904 to €24,138
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.
Result 2024
€60,212
Gross operating margin
+€80,777
Staff costs
-€29,056
Depreciation
-€10,869
Other operating charges
+€15,687
Other operating items
-€5,026
Financial income
-€30,457
Financial charges
-€13,234
Taxes
-€2,715
Result 2025
€65,317
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€502,278
Investment
-€51,267
Financing
-€435,812
Cash 2024
€574,219
From operations (derived)
+€502,278
Net result for the year
+€65,317
Depreciation
+€62,153
Receivables within one year
-€318,796
Deferred charges and accrued income
-€113,692
Trade debts
+€72,872
Tax, wage and social debts
-€19,968
Other debts
+€91,765
Accrued charges and deferred income
+€662,626
Investment (derived)
-€51,267
Investment in fixed assets (net)
-€51,267
Financing
-€435,812
Debts after one year
-€39,248
Current portion of long-term debt
+€1,820
Short-term financial debts
-€300,239
Contributions, distributions and other
-€98,144
Cash 2025
€589,418
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,075,977 | €2,512,778 | +€436,800 | +21.0% |
| Fixed assets | 21/28 | €710,462 | €699,576 | -€10,886 | -1.5% |
| Tangible fixed assets | 22/27 | €709,222 | €698,337 | -€10,886 | -1.5% |
| Land and buildings | 22 | €644,696 | €614,170 | -€30,526 | -4.7% |
| Plant, machinery and equipment | 23 | €57,080 | €77,974 | +€20,894 | +36.6% |
| Furniture and vehicles | 24 | €7,447 | €6,193 | -€1,254 | -16.8% |
| Financial fixed assets | 28 | €1,239 | €1,239 | = | 0.0% |
| Current assets | 29/58 | €1,365,516 | €1,813,202 | +€447,686 | +32.8% |
| Amounts receivable within one year | 40/41 | €336,372 | €655,168 | +€318,796 | +94.8% |
| Trade receivables | 40 | €93,714 | €405,193 | +€311,479 | +332% |
| Other amounts receivable | 41 | €242,658 | €249,975 | +€7,316 | +3.0% |
| Current investments | 50/53 | €150,000 | €150,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €574,219 | €589,418 | +€15,199 | +2.6% |
| Deferred charges and accrued income | 490/1 | €304,924 | €418,616 | +€113,692 | +37.3% |
| Total equity and liabilities | 10/49 | €2,075,977 | €2,512,778 | +€436,800 | +21.0% |
| Equity | 10/15 | €411,658 | €378,831 | -€32,827 | -8.0% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €287,658 | €254,831 | -€32,827 | -11.4% |
| Distributable reserves | 133 | €287,658 | €254,831 | -€32,827 | -11.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,664,319 | €2,133,947 | +€469,627 | +28.2% |
| Amounts payable after more than one year | 17 | €728,203 | €688,955 | -€39,248 | -5.4% |
| Financial debts | 170/4 | €728,203 | €688,955 | -€39,248 | -5.4% |
| Amounts payable within one year | 42/48 | €901,443 | €747,692 | -€153,750 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €42,428 | €44,248 | +€1,820 | +4.3% |
| Financial debts | 43 | €455,011 | €154,772 | -€300,239 | -66.0% |
| Credit institutions | 430/8 | €455,011 | €154,772 | -€300,239 | -66.0% |
| Trade debts | 44 | €326,288 | €399,160 | +€72,872 | +22.3% |
| Suppliers | 440/4 | €326,288 | €399,160 | +€72,872 | +22.3% |
| Taxes, remuneration and social security | 45 | €77,715 | €57,747 | -€19,968 | -25.7% |
| Taxes | 450/3 | €750 | €9,872 | +€9,122 | +1,216% |
| Remuneration and social security | 454/9 | €76,965 | €47,875 | -€29,090 | -37.8% |
| Other amounts payable | 47/48 | - | €91,765 | +€91,765 | |
| Accrued charges and deferred income | 492/3 | €34,674 | €697,300 | +€662,626 | +1,911% |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Remuneration, social security and pensions | 62 | €397,622 | €426,678 | +€29,056 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,284 | €62,153 | +€10,869 | +21.2% |
| Other operating charges | 640/8 | €25,346 | €9,659 | -€15,687 | -61.9% |
| Non-recurring operating charges | 66A | - | €5,026 | +€5,026 | |
| Gross operating margin | 9900 | €541,147 | €621,924 | +€80,777 | +14.9% |
| Operating profit (loss) | 9901 | €66,896 | €118,408 | +€51,512 | +77.0% |
| Financial income | 75/76B | €41,823 | €11,366 | -€30,457 | -72.8% |
| Recurring financial income | 75 | €41,823 | €11,366 | -€30,457 | -72.8% |
| Financial charges | 65/66B | €10,904 | €24,138 | +€13,234 | +121% |
| Recurring financial charges | 65 | €10,904 | €24,138 | +€13,234 | +121% |
| Profit (loss) for the period before taxes | 9903 | €97,815 | €105,636 | +€7,821 | +8.0% |
| Income taxes | 67/77 | €37,603 | €40,318 | +€2,715 | +7.2% |
| Profit (loss) for the period | 9904 | €60,212 | €65,317 | +€5,106 | +8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €60,212 | €65,317 | +€5,106 | +8.5% |
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 18 October 2026 via checked.be.