PENTAGOED: 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.
PENTAGOED
Largest movements
- Receivables within one year -€166,455
down €166,455 (-97.0%), from €171,540 to €5,085
of which Trade receivables: -€171,540
- Cash -€83,729
down €83,729 (-69.6%), from €120,377 to €36,648
mainly Contributions, distributions and other (-€160,000) and Other debts (-€39,620)
- Receivables after one year +€6,500
new in 2025: €6,500
- Tangible fixed assets +€3,967
up €3,967 (+86.6%), from €4,580 to €8,547
of which Other tangible fixed assets: +€5,348
- Reserves -€155,511
down €155,511 (-89.9%), from €172,921 to €17,410
- Other debts -€39,620
down €39,620 (-98.9%), from €40,055 to €435
- Tax, wage and social debts -€37,202
down €37,202 (-59.0%), from €63,025 to €25,823
- Profit (loss) carried forward -€8,977
new in 2025: -€8,977
- Gross operating margin -€107,450
down €107,450, from €106,256 to -€1,194
- Taxes -€21,413
no longer reported in 2025 (was €21,413)
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 | €296,497 | €56,780 | -€239,717 | -80.8% |
| Fixed assets | 21/28 | €4,580 | €8,547 | +€3,967 | +86.6% |
| Tangible fixed assets | 22/27 | €4,580 | €8,547 | +€3,967 | +86.6% |
| Plant, machinery and equipment | 23 | €388 | €141 | -€248 | -63.8% |
| Furniture and vehicles | 24 | €1,132 | - | -€1,132 | |
| Other tangible fixed assets | 26 | €3,059 | €8,407 | +€5,348 | +175% |
| Current assets | 29/58 | €291,917 | €48,232 | -€243,684 | -83.5% |
| Amounts receivable after more than one year | 29 | - | €6,500 | +€6,500 | |
| Other amounts receivable | 291 | - | €6,500 | +€6,500 | |
| Amounts receivable within one year | 40/41 | €171,540 | €5,085 | -€166,455 | -97.0% |
| Trade receivables | 40 | €171,540 | - | -€171,540 | |
| Other amounts receivable | 41 | - | €5,085 | +€5,085 | |
| Cash at bank and in hand | 54/58 | €120,377 | €36,648 | -€83,729 | -69.6% |
| Total equity and liabilities | 10/49 | €296,497 | €56,780 | -€239,717 | -80.8% |
| Equity | 10/15 | €191,521 | €27,033 | -€164,489 | -85.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €172,921 | €17,410 | -€155,511 | -89.9% |
| Distributable reserves | 133 | €172,921 | €17,410 | -€155,511 | -89.9% |
| Profit (loss) carried forward | 14 | - | -€8,977 | -€8,977 | |
| Amounts payable | 17/49 | €104,975 | €29,747 | -€75,228 | -71.7% |
| Amounts payable within one year | 42/48 | €103,825 | €28,597 | -€75,228 | -72.5% |
| Trade debts | 44 | €745 | €2,339 | +€1,594 | +214% |
| Suppliers | 440/4 | €745 | €2,339 | +€1,594 | +214% |
| Taxes, remuneration and social security | 45 | €63,025 | €25,823 | -€37,202 | -59.0% |
| Taxes | 450/3 | €63,025 | €25,823 | -€37,202 | -59.0% |
| Other amounts payable | 47/48 | €40,055 | €435 | -€39,620 | -98.9% |
| Accrued charges and deferred income | 492/3 | €1,150 | €1,150 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,234 | €2,890 | -€344 | -10.6% |
| Other operating charges | 640/8 | €587 | €724 | +€136 | +23.2% |
| Gross operating margin | 9900 | €106,256 | -€1,194 | -€107,450 | |
| Operating profit (loss) | 9901 | €102,434 | -€4,808 | -€107,242 | |
| Financial income | 75/76B | - | €362 | +€362 | |
| Recurring financial income | 75 | - | €362 | +€362 | |
| Financial charges | 65/66B | - | €42 | +€42 | |
| Recurring financial charges | 65 | - | €42 | +€42 | |
| Profit (loss) for the period before taxes | 9903 | €102,434 | -€4,489 | -€106,923 | |
| Income taxes | 67/77 | €21,413 | - | -€21,413 | |
| Profit (loss) for the period | 9904 | €81,021 | -€4,489 | -€85,510 | |
| Profit (loss) for the period to be appropriated | 9905 | €81,021 | -€4,489 | -€85,510 |
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 19 October 2026 via checked.be.