PENTAGOLD: 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.
PENTAGOLD
Largest movements
- Tangible fixed assets -€36,161
down €36,161 (-2.8%), from €1.3m to €1.3m
- Tax, wage and social debts -€37,847
down €37,847 (-96.9%), from €39,044 to €1,196
- Depreciation +€17,393
up €17,393 (+92.7%), from €18,768 to €36,161
- Gross operating margin +€8,205
up €8,205 (+17.9%), from €45,878 to €54,082
- Other operating charges -€3,796
down €3,796 (-61.2%), from €6,205 to €2,409
- Financial charges +€3,642
up €3,642 (+17.2%), from €21,132 to €24,773
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 | €1,313,588 | €1,269,810 | -€43,777 | -3.3% |
| Fixed assets | 21/28 | €1,302,194 | €1,266,033 | -€36,161 | -2.8% |
| Tangible fixed assets | 22/27 | €1,302,194 | €1,266,033 | -€36,161 | -2.8% |
| Land and buildings | 22 | €1,302,194 | €1,266,033 | -€36,161 | -2.8% |
| Current assets | 29/58 | €11,393 | €3,777 | -€7,616 | -66.8% |
| Amounts receivable within one year | 40/41 | €8,935 | €1,796 | -€7,139 | -79.9% |
| Other amounts receivable | 41 | €8,935 | €1,796 | -€7,139 | -79.9% |
| Cash at bank and in hand | 54/58 | €1,266 | €728 | -€537 | -42.5% |
| Deferred charges and accrued income | 490/1 | €1,193 | €1,253 | +€61 | +5.1% |
| Total equity and liabilities | 10/49 | €1,313,588 | €1,269,810 | -€43,777 | -3.3% |
| Equity | 10/15 | €119,773 | €110,512 | -€9,261 | -7.7% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€227 | -€9,488 | -€9,261 | -4,079% |
| Amounts payable | 17/49 | €1,193,815 | €1,159,298 | -€34,517 | -2.9% |
| Amounts payable after more than one year | 17 | €974,605 | €965,639 | -€8,966 | -0.9% |
| Financial debts | 170/4 | €974,605 | €965,639 | -€8,966 | -0.9% |
| Amounts payable within one year | 42/48 | €219,209 | €193,659 | -€25,550 | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €22,121 | €22,996 | +€875 | +4.0% |
| Trade debts | 44 | €2,385 | €2,901 | +€516 | +21.6% |
| Suppliers | 440/4 | €2,385 | €2,901 | +€516 | +21.6% |
| Taxes, remuneration and social security | 45 | €39,044 | €1,196 | -€37,847 | -96.9% |
| Taxes | 450/3 | €39,044 | €1,196 | -€37,847 | -96.9% |
| Other amounts payable | 47/48 | €155,660 | €166,566 | +€10,906 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,768 | €36,161 | +€17,393 | +92.7% |
| Other operating charges | 640/8 | €6,205 | €2,409 | -€3,796 | -61.2% |
| Gross operating margin | 9900 | €45,878 | €54,082 | +€8,205 | +17.9% |
| Operating profit (loss) | 9901 | €20,905 | €15,512 | -€5,392 | -25.8% |
| Financial charges | 65/66B | €21,132 | €24,773 | +€3,642 | +17.2% |
| Recurring financial charges | 65 | €21,132 | €24,773 | +€3,642 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | -€227 | -€9,261 | -€9,034 | -3,979% |
| Profit (loss) for the period | 9904 | -€227 | -€9,261 | -€9,034 | -3,979% |
| Profit (loss) for the period to be appropriated | 9905 | -€227 | -€9,261 | -€9,034 | -3,979% |
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 15 October 2026 via checked.be.