PENTACO: 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.
PENTACO
Largest movements
- Cash -€109,967
down €109,967 (-92.9%), from €118,373 to €8,405
mainly Contributions, distributions and other (-€92,732) and Receivables within one year (-€12,750)
- Receivables within one year +€12,750
up €12,750 (+14.6%), from €87,272 to €100,022
of which Trade receivables: +€11,234
- Reserves -€85,149
down €85,149 (-75.1%), from €113,454 to €28,305
- Trade debts -€10,780
down €10,780 (-15.3%), from €70,399 to €59,619
- Tax, wage and social debts -€2,929
down €2,929 (-58.0%), from €5,050 to €2,121
- Gross operating margin +€6,070
up €6,070 (+94.6%), from €6,417 to €12,488
- Taxes +€2,374
up €2,374 (+96.9%), from €2,451 to €4,825
- Financial income +€667
up €667 (+2666.9%), from €25 to €692
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 | €207,502 | €108,644 | -€98,858 | -47.6% |
| Fixed assets | 21/28 | €325 | €217 | -€108 | -33.3% |
| Tangible fixed assets | 22/27 | €325 | €217 | -€108 | -33.3% |
| Land and buildings | 22 | €325 | €217 | -€108 | -33.3% |
| Current assets | 29/58 | €207,177 | €108,427 | -€98,749 | -47.7% |
| Amounts receivable within one year | 40/41 | €87,272 | €100,022 | +€12,750 | +14.6% |
| Trade receivables | 40 | €87,254 | €98,488 | +€11,234 | +12.9% |
| Other amounts receivable | 41 | €18 | €1,534 | +€1,516 | +8273.6% |
| Cash at bank and in hand | 54/58 | €118,373 | €8,405 | -€109,967 | -92.9% |
| Deferred charges and accrued income | 490/1 | €1,532 | - | -€1,532 | |
| Total equity and liabilities | 10/49 | €207,502 | €108,644 | -€98,858 | -47.6% |
| Equity | 10/15 | €132,054 | €46,905 | -€85,149 | -64.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €113,454 | €28,305 | -€85,149 | -75.1% |
| Distributable reserves | 133 | €113,454 | €28,305 | -€85,149 | -75.1% |
| Amounts payable | 17/49 | €75,448 | €61,740 | -€13,709 | -18.2% |
| Amounts payable within one year | 42/48 | €75,448 | €61,740 | -€13,709 | -18.2% |
| Trade debts | 44 | €70,399 | €59,619 | -€10,780 | -15.3% |
| Suppliers | 440/4 | €70,399 | €59,619 | -€10,780 | -15.3% |
| Taxes, remuneration and social security | 45 | €5,050 | €2,121 | -€2,929 | -58.0% |
| Taxes | 450/3 | €5,050 | €2,121 | -€2,929 | -58.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €108 | €108 | = | 0.0% |
| Other operating charges | 640/8 | €528 | €544 | +€16 | +3.0% |
| Gross operating margin | 9900 | €6,417 | €12,488 | +€6,070 | +94.6% |
| Operating profit (loss) | 9901 | €5,781 | €11,835 | +€6,054 | +104.7% |
| Financial income | 75/76B | €25 | €692 | +€667 | +2666.9% |
| Recurring financial income | 75 | €25 | €692 | +€667 | +2666.9% |
| Financial charges | 65/66B | €144 | €119 | -€25 | -17.5% |
| Recurring financial charges | 65 | €144 | €119 | -€25 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €5,662 | €12,408 | +€6,746 | +119.1% |
| Income taxes | 67/77 | €2,451 | €4,825 | +€2,374 | +96.9% |
| Profit (loss) for the period | 9904 | €3,211 | €7,583 | +€4,372 | +136.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,211 | €7,583 | +€4,372 | +136.1% |
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 7 October 2026 via checked.be.