PENTACO: what changed
What changed
PENTACO
NACE 73.110, Advertising agencies
filed annual accounts (NBB)
Net result for the year
€12,748
2024 · -€21,295+€34,042
Equity
€43,226
2024 · €49,078-€5,852
Cash
€76,179
2024 · €66,737+€9,442
Balance sheet total
€219,585
2024 · €128,581+€91,004
Largest movements
Assets
- Tangible fixed assets +€60,167
up €60,167 (+168%), from €35,878 to €96,045
- Receivables within one year +€19,349
up €19,349 (+77.5%), from €24,954 to €44,304
- Cash +€9,442
up €9,442 (+14.1%), from €66,737 to €76,179
mainly Debts after one year (+€44,899) and Trade debts (+€24,384)
Equity and liabilities
- Debts after one year +€44,899
new in 2025: €44,899
- Trade debts +€24,384
up €24,384 (+71.9%), from €33,922 to €58,306
- Current portion of long-term debt +€13,938
new in 2025: €13,938
- Tax, wage and social debts +€7,217
up €7,217 (+19.0%), from €37,962 to €45,179
of which Taxes: +€16,337
- Other debts +€6,074
up €6,074 (+79.7%), from €7,619 to €13,692
Income statement
- Gross operating margin +€49,978
up €49,978 (+38.2%), from €130,794 to €180,772
- Taxes +€9,540
up €9,540 (+314%), from €3,038 to €12,578
- Other operating charges -€5,924
down €5,924 (-48.3%), from €12,259 to €6,335
- Staff costs +€5,827
up €5,827 (+4.7%), from €124,300 to €130,127
- Financial income +€3,733
new in 2025: €3,733
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€21,295
Gross operating margin
+€49,978
Staff costs
-€5,827
Depreciation
-€1,433
Other operating charges
+€5,924
Other operating items
-€7,287
Financial income
+€3,733
Financial charges
-€1,505
Taxes
-€9,540
Result 2025
€12,748
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€42,780
Investment
-€73,575
Financing
+€40,237
Cash 2024
€66,737
From operations (derived)
+€42,780
Net result for the year
+€12,748
Depreciation
+€13,408
Receivables within one year
-€19,349
Deferred charges and accrued income
-€2,046
Trade debts
+€24,384
Tax, wage and social debts
+€7,217
Other debts
+€6,074
Accrued charges and deferred income
+€345
Investment (derived)
-€73,575
Investment in fixed assets (net)
-€73,575
Financing
+€40,237
Debts after one year
+€44,899
Current portion of long-term debt
+€13,938
Contributions, distributions and other
-€18,600
Cash 2025
€76,179
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €128,581 | €219,585 | +€91,004 | +70.8% |
| Fixed assets | 21/28 | €35,878 | €96,045 | +€60,167 | +168% |
| Tangible fixed assets | 22/27 | €35,878 | €96,045 | +€60,167 | +168% |
| Furniture and vehicles | 24 | €35,878 | €96,045 | +€60,167 | +168% |
| Current assets | 29/58 | €92,702 | €123,540 | +€30,837 | +33.3% |
| Amounts receivable within one year | 40/41 | €24,954 | €44,304 | +€19,349 | +77.5% |
| Trade receivables | 40 | €24,954 | €44,304 | +€19,349 | +77.5% |
| Cash at bank and in hand | 54/58 | €66,737 | €76,179 | +€9,442 | +14.1% |
| Deferred charges and accrued income | 490/1 | €1,011 | €3,057 | +€2,046 | +202% |
| Total equity and liabilities | 10/49 | €128,581 | €219,585 | +€91,004 | +70.8% |
| Equity | 10/15 | €49,078 | €43,226 | -€5,852 | -11.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €41,018 | €35,166 | -€5,852 | -14.3% |
| Amounts payable | 17/49 | €79,503 | €176,359 | +€96,856 | +122% |
| Amounts payable after more than one year | 17 | - | €44,899 | +€44,899 | |
| Financial debts | 170/4 | - | €44,899 | +€44,899 | |
| Amounts payable within one year | 42/48 | €79,503 | €131,115 | +€51,612 | +64.9% |
| Current portion of amounts payable after more than one year | 42 | - | €13,938 | +€13,938 | |
| Trade debts | 44 | €33,922 | €58,306 | +€24,384 | +71.9% |
| Suppliers | 440/4 | €33,922 | €58,306 | +€24,384 | +71.9% |
| Taxes, remuneration and social security | 45 | €37,962 | €45,179 | +€7,217 | +19.0% |
| Taxes | 450/3 | €19,268 | €35,604 | +€16,337 | +84.8% |
| Remuneration and social security | 454/9 | €18,695 | €9,575 | -€9,120 | -48.8% |
| Other amounts payable | 47/48 | €7,619 | €13,692 | +€6,074 | +79.7% |
| Accrued charges and deferred income | 492/3 | - | €345 | +€345 | |
| Remuneration, social security and pensions | 62 | €124,300 | €130,127 | +€5,827 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,975 | €13,408 | +€1,433 | +12.0% |
| Other operating charges | 640/8 | €12,259 | €6,335 | -€5,924 | -48.3% |
| Non-recurring operating charges | 66A | - | €7,287 | +€7,287 | |
| Gross operating margin | 9900 | €130,794 | €180,772 | +€49,978 | +38.2% |
| Operating profit (loss) | 9901 | -€17,740 | €23,615 | +€41,355 | |
| Financial income | 75/76B | - | €3,733 | +€3,733 | |
| Recurring financial income | 75 | - | €3,733 | +€3,733 | |
| Financial charges | 65/66B | €517 | €2,022 | +€1,505 | +291% |
| Recurring financial charges | 65 | €517 | €2,022 | +€1,505 | +291% |
| Profit (loss) for the period before taxes | 9903 | -€18,257 | €25,326 | +€43,583 | |
| Income taxes | 67/77 | €3,038 | €12,578 | +€9,540 | +314% |
| Profit (loss) for the period | 9904 | -€21,295 | €12,748 | +€34,042 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,295 | €12,748 | +€34,042 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.