PENTAQUARK: 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.
PENTAQUARK
Largest movements
- Receivables within one year +€206,697
up €206,697 (+150%), from €137,646 to €344,343
of which Trade receivables: +€222,981
- Tangible fixed assets -€21,393
down €21,393 (-44.4%), from €48,220 to €26,827
of which Leasing and similar rights: -€15,487
- Cash -€16,848
down €16,848 (-22.9%), from €73,455 to €56,606
mainly Receivables within one year (-€206,697) and Tax, wage and social debts (-€48,408)
- Stocks and contracts +€11,124
new in 2025: €11,124
- Trade debts +€173,595
up €173,595 (+476%), from €36,476 to €210,071
- Tax, wage and social debts -€48,408
down €48,408 (-73.8%), from €65,554 to €17,146
of which Taxes: -€44,811
- Short-term financial debts +€39,608
new in 2025: €39,608
- Advances received +€28,162
new in 2025: €28,162
- Debts after one year -€13,225
down €13,225 (-58.2%), from €22,718 to €9,494
- Turnover -€929,162
no longer reported in 2025 (was €929,162)
- Purchases and services -€534,198
no longer reported in 2025 (was €534,198)
- Staff costs +€117,224
up €117,224 (+35.3%), from €332,053 to €449,277
- Gross operating margin +€96,182
up €96,182 (+23.8%), from €404,937 to €501,118
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 | €266,120 | €449,282 | +€183,161 | +68.8% |
| Fixed assets | 21/28 | €48,538 | €27,145 | -€21,393 | -44.1% |
| Tangible fixed assets | 22/27 | €48,220 | €26,827 | -€21,393 | -44.4% |
| Furniture and vehicles | 24 | €10,794 | €4,888 | -€5,906 | -54.7% |
| Leasing and similar rights | 25 | €37,427 | €21,940 | -€15,487 | -41.4% |
| Financial fixed assets | 28 | €318 | €318 | = | 0.0% |
| Current assets | 29/58 | €217,583 | €422,137 | +€204,554 | +94.0% |
| Stocks and contracts in progress | 3 | - | €11,124 | +€11,124 | |
| Stocks | 30/36 | - | €11,124 | +€11,124 | |
| Amounts receivable within one year | 40/41 | €137,646 | €344,343 | +€206,697 | +150% |
| Trade receivables | 40 | €112,328 | €335,309 | +€222,981 | +199% |
| Other amounts receivable | 41 | €25,318 | €9,034 | -€16,285 | -64.3% |
| Cash at bank and in hand | 54/58 | €73,455 | €56,606 | -€16,848 | -22.9% |
| Deferred charges and accrued income | 490/1 | €6,482 | €10,064 | +€3,582 | +55.3% |
| Total equity and liabilities | 10/49 | €266,120 | €449,282 | +€183,161 | +68.8% |
| Equity | 10/15 | €121,852 | €118,327 | -€3,525 | -2.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €63,406 | €53,406 | -€10,000 | -15.8% |
| Distributable reserves | 133 | €63,406 | €53,406 | -€10,000 | -15.8% |
| Profit (loss) carried forward | 14 | €52,246 | €58,721 | +€6,475 | +12.4% |
| Amounts payable | 17/49 | €144,269 | €330,955 | +€186,687 | +129% |
| Amounts payable after more than one year | 17 | €22,718 | €9,494 | -€13,225 | -58.2% |
| Financial debts | 170/4 | €22,718 | €9,494 | -€13,225 | -58.2% |
| Amounts payable within one year | 42/48 | €121,550 | €321,461 | +€199,911 | +164% |
| Current portion of amounts payable after more than one year | 42 | €19,521 | €16,975 | -€2,546 | -13.0% |
| Financial debts | 43 | - | €39,608 | +€39,608 | |
| Credit institutions | 430/8 | - | €39,608 | +€39,608 | |
| Trade debts | 44 | €36,476 | €210,071 | +€173,595 | +476% |
| Suppliers | 440/4 | €36,476 | €210,071 | +€173,595 | +476% |
| Advances received on contracts in progress | 46 | - | €28,162 | +€28,162 | |
| Taxes, remuneration and social security | 45 | €65,554 | €17,146 | -€48,408 | -73.8% |
| Taxes | 450/3 | €61,957 | €17,146 | -€44,811 | -72.3% |
| Remuneration and social security | 454/9 | €3,597 | - | -€3,597 | |
| Other amounts payable | 47/48 | - | €9,500 | +€9,500 | |
| Turnover | 70 | €929,162 | - | -€929,162 | |
| Goods, raw materials, services and sundry goods | 60/61 | €534,198 | - | -€534,198 | |
| Remuneration, social security and pensions | 62 | €332,053 | €449,277 | +€117,224 | +35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,983 | €21,393 | +€410 | +2.0% |
| Other operating charges | 640/8 | €3,578 | €6,403 | +€2,825 | +78.9% |
| Gross operating margin | 9900 | €404,937 | €501,118 | +€96,182 | +23.8% |
| Operating profit (loss) | 9901 | €48,323 | €24,046 | -€24,277 | -50.2% |
| Financial income | 75/76B | €568 | €847 | +€280 | +49.2% |
| Recurring financial income | 75 | €568 | €847 | +€280 | +49.2% |
| Financial charges | 65/66B | €5,262 | €8,333 | +€3,071 | +58.4% |
| Recurring financial charges | 65 | €5,262 | €8,333 | +€3,071 | +58.4% |
| Profit (loss) for the period before taxes | 9903 | €43,629 | €16,560 | -€27,068 | -62.0% |
| Income taxes | 67/77 | €15,223 | €10,085 | -€5,137 | -33.7% |
| Profit (loss) for the period | 9904 | €28,406 | €6,475 | -€21,931 | -77.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,406 | €6,475 | -€21,931 | -77.2% |
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 18 October 2026 via checked.be.