PENTAGRAM PROPERTIES: 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.
PENTAGRAM PROPERTIES
Largest movements
- Cash -€11,975
down €11,975 (-19.1%), from €62,862 to €50,886
mainly Other debts (-€15,676) and Investment in fixed assets (net) (-€12,800)
- Other debts -€15,676
down €15,676 (-38.1%), from €41,172 to €25,497
- Reserves +€6,643
up €6,643 (+10.2%), from €64,946 to €71,588
of which Distributable reserves: +€6,643
- Depreciation +€1,380
up €1,380 (+11.1%), from €12,394 to €13,774
- Financial charges -€1,104
down €1,104 (-27.7%), from €3,983 to €2,879
- Gross operating margin -€313
down €313 (-1.0%), from €30,783 to €30,469
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 | €283,542 | €270,187 | -€13,355 | -4.7% |
| Fixed assets | 21/28 | €218,916 | €217,942 | -€974 | -0.4% |
| Tangible fixed assets | 22/27 | €218,916 | €217,942 | -€974 | -0.4% |
| Land and buildings | 22 | €215,248 | €203,156 | -€12,091 | -5.6% |
| Furniture and vehicles | 24 | - | €11,730 | +€11,730 | |
| Other tangible fixed assets | 26 | €3,669 | €3,056 | -€613 | -16.7% |
| Current assets | 29/58 | €64,626 | €52,245 | -€12,381 | -19.2% |
| Amounts receivable within one year | 40/41 | €895 | - | -€895 | |
| Trade receivables | 40 | €895 | - | -€895 | |
| Cash at bank and in hand | 54/58 | €62,862 | €50,886 | -€11,975 | -19.1% |
| Deferred charges and accrued income | 490/1 | €869 | €1,359 | +€490 | +56.3% |
| Total equity and liabilities | 10/49 | €283,542 | €270,187 | -€13,355 | -4.7% |
| Equity | 10/15 | €224,946 | €231,588 | +€6,643 | +3.0% |
| Contributions | 10/11 | €160,000 | €160,000 | = | 0.0% |
| Capital | 10 | €160,000 | €160,000 | = | 0.0% |
| Issued capital | 100 | €160,000 | €160,000 | = | 0.0% |
| Reserves | 13 | €64,946 | €71,588 | +€6,643 | +10.2% |
| Non-distributable reserves | 130/1 | €16,000 | €16,000 | = | 0.0% |
| Legal reserve | 130 | €16,000 | €16,000 | = | 0.0% |
| Distributable reserves | 133 | €48,946 | €55,588 | +€6,643 | +13.6% |
| Amounts payable | 17/49 | €58,596 | €38,599 | -€19,997 | -34.1% |
| Amounts payable after more than one year | 17 | €4,050 | €4,050 | = | 0.0% |
| Other amounts payable | 178/9 | €4,050 | €4,050 | = | 0.0% |
| Amounts payable within one year | 42/48 | €50,068 | €31,962 | -€18,106 | -36.2% |
| Current portion of amounts payable after more than one year | 42 | €2,600 | - | -€2,600 | |
| Trade debts | 44 | €1,441 | €2,104 | +€663 | +46.0% |
| Suppliers | 440/4 | €1,441 | €2,104 | +€663 | +46.0% |
| Taxes, remuneration and social security | 45 | €4,855 | €4,361 | -€493 | -10.2% |
| Taxes | 450/3 | €4,855 | €4,361 | -€493 | -10.2% |
| Other amounts payable | 47/48 | €41,172 | €25,497 | -€15,676 | -38.1% |
| Accrued charges and deferred income | 492/3 | €4,478 | €2,587 | -€1,891 | -42.2% |
| Non-recurring operating income | 76A | - | €1,500 | +€1,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,394 | €13,774 | +€1,380 | +11.1% |
| Other operating charges | 640/8 | €3,026 | €2,812 | -€214 | -7.1% |
| Gross operating margin | 9900 | €30,783 | €30,469 | -€313 | -1.0% |
| Operating profit (loss) | 9901 | €15,362 | €13,883 | -€1,479 | -9.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €3,983 | €2,879 | -€1,104 | -27.7% |
| Recurring financial charges | 65 | €3,983 | €2,879 | -€1,104 | -27.7% |
| Profit (loss) for the period before taxes | 9903 | €11,379 | €11,004 | -€376 | -3.3% |
| Income taxes | 67/77 | €4,353 | €4,361 | +€8 | +0.2% |
| Profit (loss) for the period | 9904 | €7,026 | €6,643 | -€384 | -5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,026 | €6,643 | -€384 | -5.5% |
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 14 October 2026 via checked.be.