PENTAHOLD: 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.
What changed
PENTAHOLD
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€72,780
2024 · -€90,466+€17,686
Equity
€35.0m
2024 · €35.1m-€72,780
Cash
€80,306
2024 · €35,130+€45,176
Balance sheet total
€35.1m
2024 · €35.1m-€70,735
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Turnover +€80,300
up €80,300 (+95.6%), from €83,982 to €164,282
- Financial income -€34,965
down €34,965 (-14.2%), from €246,883 to €211,918
- Services and other goods +€28,844
up €28,844 (+6.9%), from €417,952 to €446,795
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.
Result 2024
-€90,466
Turnover
+€80,300
Services and other goods
-€28,844
Other operating charges
+€1,455
Financial income
-€34,965
Financial charges
-€261
Result 2025
-€72,780
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.
From operations
-€98,768
Investment
+€143,944
Financing
€0
Cash 2024
€35,130
From operations (derived)
-€98,768
Net result for the year
-€72,780
Receivables within one year
-€25,731
Deferred charges and accrued income
-€2,302
Trade debts
+€1,432
Smaller working-capital items
+€613
Investment (derived)
+€143,944
Investment in fixed assets (net)
-€181,056
Current investments
+€325,000
Cash 2025
€80,306
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,136,384 | €35,065,649 | -€70,735 | -0.2% |
| Fixed assets | 21/28 | €33,297,721 | €33,478,778 | +€181,056 | +0.5% |
| Financial fixed assets | 28 | €33,297,721 | €33,478,778 | +€181,056 | +0.5% |
| Affiliated companies | 280/1 | €9,643,755 | €9,824,811 | +€181,056 | +1.9% |
| Participating interests | 280 | €4,687,192 | €4,687,192 | = | 0.0% |
| Amounts receivable | 281 | €4,956,563 | €5,137,619 | +€181,056 | +3.7% |
| Companies linked by participating interests | 282/3 | €23,653,967 | €23,653,967 | = | 0.0% |
| Participating interests | 282 | €23,653,967 | €23,653,967 | = | 0.0% |
| Current assets | 29/58 | €1,838,662 | €1,586,871 | -€251,791 | -13.7% |
| Amounts receivable within one year | 40/41 | €138,297 | €164,028 | +€25,731 | +18.6% |
| Trade receivables | 40 | €52,555 | €49,943 | -€2,611 | -5.0% |
| Other amounts receivable | 41 | €85,743 | €114,085 | +€28,342 | +33.1% |
| Current investments | 50/53 | €1,665,000 | €1,340,000 | -€325,000 | -19.5% |
| Other investments | 51/53 | €1,665,000 | €1,340,000 | -€325,000 | -19.5% |
| Cash at bank and in hand | 54/58 | €35,130 | €80,306 | +€45,176 | +128.6% |
| Deferred charges and accrued income | 490/1 | €236 | €2,538 | +€2,302 | +977.5% |
| Total equity and liabilities | 10/49 | €35,136,384 | €35,065,649 | -€70,735 | -0.2% |
| Equity | 10/15 | €35,115,371 | €35,042,591 | -€72,780 | -0.2% |
| Contributions | 10/11 | €70,750 | €70,750 | = | 0.0% |
| Capital | 10 | €70,750 | €70,750 | = | 0.0% |
| Issued capital | 100 | €70,750 | €70,750 | = | 0.0% |
| Reserves | 13 | €3,231,704 | €3,231,704 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,231,704 | €3,231,704 | = | 0.0% |
| Legal reserve | 130 | €3,231,704 | €3,231,704 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,812,917 | €31,740,138 | -€72,780 | -0.2% |
| Amounts payable | 17/49 | €21,013 | €23,058 | +€2,045 | +9.7% |
| Amounts payable within one year | 42/48 | €12,313 | €14,200 | +€1,888 | +15.3% |
| Trade debts | 44 | €11,158 | €12,590 | +€1,432 | +12.8% |
| Suppliers | 440/4 | €11,158 | €12,590 | +€1,432 | +12.8% |
| Other amounts payable | 47/48 | €1,154 | €1,610 | +€456 | +39.5% |
| Accrued charges and deferred income | 492/3 | €8,700 | €8,857 | +€157 | +1.8% |
| Operating income | 70/76A | €83,982 | €164,282 | +€80,300 | +95.6% |
| Turnover | 70 | €83,982 | €164,282 | +€80,300 | +95.6% |
| Operating charges | 60/66A | €420,700 | €448,088 | +€27,388 | +6.5% |
| Services and other goods | 61 | €417,952 | €446,795 | +€28,844 | +6.9% |
| Other operating charges | 640/8 | €2,748 | €1,293 | -€1,455 | -53.0% |
| Operating profit (loss) | 9901 | -€336,718 | -€283,806 | +€52,912 | +15.7% |
| Financial income | 75/76B | €246,883 | €211,918 | -€34,965 | -14.2% |
| Recurring financial income | 75 | €246,883 | €211,918 | -€34,965 | -14.2% |
| Income from financial fixed assets | 750 | €201,014 | €182,780 | -€18,234 | -9.1% |
| Income from current assets | 751 | €45,862 | €29,138 | -€16,725 | -36.5% |
| Other financial income | 752/9 | €6 | - | -€6 | |
| Financial charges | 65/66B | €631 | €891 | +€261 | +41.3% |
| Recurring financial charges | 65 | €631 | €891 | +€261 | +41.3% |
| Other financial charges | 652/9 | €631 | €891 | +€261 | +41.3% |
| Profit (loss) for the period before taxes | 9903 | -€90,466 | -€72,780 | +€17,686 | +19.6% |
| Profit (loss) for the period | 9904 | -€90,466 | -€72,780 | +€17,686 | +19.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€90,466 | -€72,780 | +€17,686 | +19.6% |
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.