Pentanova: 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.
Pentanova
Largest movements
- Financial fixed assets +€39,999
up €39,999 (+42.1%), from €94,999 to €134,998
- Cash -€25,710
down €25,710 (-66.5%), from €38,660 to €12,950
mainly Investment in fixed assets (net) (-€39,999) and Tax, wage and social debts (-€26,776)
- Current investments +€25,230
up €25,230 (+33.6%), from €75,000 to €100,230
- Profit (loss) carried forward +€74,541
up €74,541 (+38.0%), from €196,018 to €270,558
- Tax, wage and social debts -€26,776
down €26,776 (-78.7%), from €34,043 to €7,268
- Other debts -€15,181
down €15,181 (-73.0%), from €20,810 to €5,629
- Gross operating margin -€22,727
down €22,727 (-18.3%), from €124,515 to €101,788
- Taxes -€5,298
down €5,298 (-19.8%), from €26,770 to €21,472
- Financial income +€1,336
up €1,336 (+6678100.0%), from €0 to €1,336
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 | €253,424 | €287,722 | +€34,298 | +13.5% |
| Fixed assets | 21/28 | €114,499 | €151,695 | +€37,196 | +32.5% |
| Tangible fixed assets | 22/27 | €19,500 | €16,697 | -€2,803 | -14.4% |
| Plant, machinery and equipment | 23 | €171 | €0 | -€171 | -100.0% |
| Furniture and vehicles | 24 | €11,200 | €9,542 | -€1,658 | -14.8% |
| Other tangible fixed assets | 26 | €8,129 | €7,155 | -€974 | -12.0% |
| Financial fixed assets | 28 | €94,999 | €134,998 | +€39,999 | +42.1% |
| Current assets | 29/58 | €138,925 | €136,027 | -€2,898 | -2.1% |
| Amounts receivable within one year | 40/41 | €25,265 | €22,847 | -€2,417 | -9.6% |
| Trade receivables | 40 | €25,053 | €22,832 | -€2,221 | -8.9% |
| Other amounts receivable | 41 | €211 | €15 | -€196 | -92.9% |
| Current investments | 50/53 | €75,000 | €100,230 | +€25,230 | +33.6% |
| Cash at bank and in hand | 54/58 | €38,660 | €12,950 | -€25,710 | -66.5% |
| Total equity and liabilities | 10/49 | €253,424 | €287,722 | +€34,298 | +13.5% |
| Equity | 10/15 | €198,518 | €273,058 | +€74,541 | +37.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €196,018 | €270,558 | +€74,541 | +38.0% |
| Amounts payable | 17/49 | €54,906 | €14,663 | -€40,243 | -73.3% |
| Amounts payable within one year | 42/48 | €54,906 | €14,663 | -€40,243 | -73.3% |
| Trade debts | 44 | €53 | €1,767 | +€1,714 | +3221.5% |
| Suppliers | 440/4 | €53 | €1,767 | +€1,714 | +3221.5% |
| Taxes, remuneration and social security | 45 | €34,043 | €7,268 | -€26,776 | -78.7% |
| Taxes | 450/3 | €34,043 | €7,268 | -€26,776 | -78.7% |
| Other amounts payable | 47/48 | €20,810 | €5,629 | -€15,181 | -73.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,366 | €2,803 | +€438 | +18.5% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €124,515 | €101,788 | -€22,727 | -18.3% |
| Operating profit (loss) | 9901 | €121,644 | €98,465 | -€23,179 | -19.1% |
| Financial income | 75/76B | €0 | €1,336 | +€1,336 | +6678100.0% |
| Recurring financial income | 75 | €0 | €1,336 | +€1,336 | +6678100.0% |
| Financial charges | 65/66B | €3,750 | €3,789 | +€39 | +1.0% |
| Recurring financial charges | 65 | €3,750 | €3,789 | +€39 | +1.0% |
| Profit (loss) for the period before taxes | 9903 | €117,895 | €96,012 | -€21,882 | -18.6% |
| Income taxes | 67/77 | €26,770 | €21,472 | -€5,298 | -19.8% |
| Profit (loss) for the period | 9904 | €91,125 | €74,541 | -€16,584 | -18.2% |
| Profit (loss) for the period to be appropriated | 9905 | €91,125 | €74,541 | -€16,584 | -18.2% |
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 12 October 2026 via checked.be.