PENTAGONE: 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.
PENTAGONE
Largest movements
- Receivables within one year +€15,502
up €15,502 (+48.8%), from €31,793 to €47,295
of which Trade receivables: +€15,502
- Debts after one year -€30,844
down €30,844 (-32.5%), from €95,031 to €64,187
- Profit (loss) carried forward +€29,694
up €29,694 (+15.7%), from €189,085 to €218,780
- Accrued charges and deferred income +€27,500
new in 2025: €27,500
- Other debts -€27,313
down €27,313 (-98.7%), from €27,666 to €353
- Tax, wage and social debts +€16,287
up €16,287 (+53.3%), from €30,529 to €46,816
of which Remuneration and social security: +€9,419
- Gross operating margin -€18,543
down €18,543 (-24.9%), from €74,405 to €55,862
- Taxes -€13,115
down €13,115 (-50.3%), from €26,068 to €12,953
- Other operating charges +€7,562
up €7,562 (+903.9%), from €837 to €8,398
- Financial charges +€1,416
up €1,416 (+62.0%), from €2,284 to €3,700
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 | €392,857 | €409,279 | +€16,422 | +4.2% |
| Fixed assets | 21/28 | €361,029 | €359,913 | -€1,116 | -0.3% |
| Tangible fixed assets | 22/27 | €3,601 | €2,485 | -€1,116 | -31.0% |
| Furniture and vehicles | 24 | €3,601 | €2,485 | -€1,116 | -31.0% |
| Financial fixed assets | 28 | €357,428 | €357,428 | = | 0.0% |
| Current assets | 29/58 | €31,828 | €49,366 | +€17,538 | +55.1% |
| Amounts receivable within one year | 40/41 | €31,793 | €47,295 | +€15,502 | +48.8% |
| Trade receivables | 40 | €30,225 | €45,727 | +€15,502 | +51.3% |
| Other amounts receivable | 41 | €1,568 | €1,568 | = | 0.0% |
| Current investments | 50/53 | €0 | €0 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €35 | €2,071 | +€2,036 | +5866.1% |
| Total equity and liabilities | 10/49 | €392,857 | €409,279 | +€16,422 | +4.2% |
| Equity | 10/15 | €209,545 | €239,240 | +€29,694 | +14.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | €189,085 | €218,780 | +€29,694 | +15.7% |
| Amounts payable | 17/49 | €183,312 | €170,039 | -€13,273 | -7.2% |
| Amounts payable after more than one year | 17 | €95,031 | €64,187 | -€30,844 | -32.5% |
| Financial debts | 170/4 | €95,031 | €64,187 | -€30,844 | -32.5% |
| Amounts payable within one year | 42/48 | €88,280 | €78,352 | -€9,928 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €29,901 | €30,844 | +€943 | +3.2% |
| Trade debts | 44 | €184 | €339 | +€155 | +84.2% |
| Suppliers | 440/4 | €184 | €339 | +€155 | +84.2% |
| Taxes, remuneration and social security | 45 | €30,529 | €46,816 | +€16,287 | +53.3% |
| Taxes | 450/3 | €30,529 | €37,397 | +€6,868 | +22.5% |
| Remuneration and social security | 454/9 | - | €9,419 | +€9,419 | |
| Other amounts payable | 47/48 | €27,666 | €353 | -€27,313 | -98.7% |
| Accrued charges and deferred income | 492/3 | - | €27,500 | +€27,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,612 | €1,116 | -€496 | -30.8% |
| Other operating charges | 640/8 | €837 | €8,398 | +€7,562 | +903.9% |
| Gross operating margin | 9900 | €74,405 | €55,862 | -€18,543 | -24.9% |
| Operating profit (loss) | 9901 | €71,956 | €46,347 | -€25,609 | -35.6% |
| Financial charges | 65/66B | €2,284 | €3,700 | +€1,416 | +62.0% |
| Recurring financial charges | 65 | €2,284 | €3,700 | +€1,416 | +62.0% |
| Profit (loss) for the period before taxes | 9903 | €69,672 | €42,648 | -€27,024 | -38.8% |
| Income taxes | 67/77 | €26,068 | €12,953 | -€13,115 | -50.3% |
| Profit (loss) for the period | 9904 | €43,603 | €29,694 | -€13,909 | -31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €43,603 | €29,694 | -€13,909 | -31.9% |
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 5 October 2026 via checked.be.