PentaS: 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.
PentaS
Largest movements
- Receivables within one year +€473,600
up €473,600 (+122.8%), from €385,630 to €859,230
of which Trade receivables: +€452,545
- Stocks and contracts +€131,522
up €131,522 (+33.6%), from €391,356 to €522,878
- Cash -€121,000
down €121,000 (-77.4%), from €156,257 to €35,257
mainly Receivables within one year (-€473,600) and Stocks and contracts (-€131,522)
- Tangible fixed assets -€19,817
down €19,817 (-11.9%), from €166,843 to €147,025
of which Furniture and vehicles: -€15,561
- Trade debts +€409,045
up €409,045 (+162.0%), from €252,420 to €661,465
- Reserves +€143,755
up €143,755 (+50.9%), from €282,459 to €426,214
of which Distributable reserves: +€143,755
- Other debts -€124,520
down €124,520 (-31.2%), from €399,520 to €275,000
- Short-term financial debts +€20,200
new in 2025: €20,200
- Gross operating margin +€98,486
up €98,486 (+16.4%), from €600,310 to €698,796
- Taxes +€38,185
up €38,185 (+314.2%), from €12,154 to €50,339
- Depreciation -€25,312
down €25,312 (-36.8%), from €68,874 to €43,562
- Financial income +€19,597
up €19,597 (+318.4%), from €6,155 to €25,752
of which Non-recurring financial income: +€25,133
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 | €1,113,215 | €1,574,654 | +€461,439 | +41.5% |
| Fixed assets | 21/28 | €170,960 | €147,275 | -€23,685 | -13.9% |
| Tangible fixed assets | 22/27 | €166,843 | €147,025 | -€19,817 | -11.9% |
| Plant, machinery and equipment | 23 | €117,423 | €113,167 | -€4,256 | -3.6% |
| Furniture and vehicles | 24 | €49,420 | €33,858 | -€15,561 | -31.5% |
| Financial fixed assets | 28 | €4,117 | €250 | -€3,867 | -93.9% |
| Current assets | 29/58 | €942,255 | €1,427,379 | +€485,123 | +51.5% |
| Stocks and contracts in progress | 3 | €391,356 | €522,878 | +€131,522 | +33.6% |
| Stocks | 30/36 | €391,356 | €522,878 | +€131,522 | +33.6% |
| Amounts receivable within one year | 40/41 | €385,630 | €859,230 | +€473,600 | +122.8% |
| Trade receivables | 40 | €361,273 | €813,818 | +€452,545 | +125.3% |
| Other amounts receivable | 41 | €24,356 | €45,412 | +€21,056 | +86.4% |
| Cash at bank and in hand | 54/58 | €156,257 | €35,257 | -€121,000 | -77.4% |
| Deferred charges and accrued income | 490/1 | €9,012 | €10,013 | +€1,001 | +11.1% |
| Total equity and liabilities | 10/49 | €1,113,215 | €1,574,654 | +€461,439 | +41.5% |
| Equity | 10/15 | €382,459 | €526,214 | +€143,755 | +37.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €282,459 | €426,214 | +€143,755 | +50.9% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €272,459 | €416,214 | +€143,755 | +52.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €730,756 | €1,048,440 | +€317,683 | +43.5% |
| Amounts payable within one year | 42/48 | €730,756 | €1,039,339 | +€308,583 | +42.2% |
| Financial debts | 43 | - | €20,200 | +€20,200 | |
| Credit institutions | 430/8 | - | €20,200 | +€20,200 | |
| Trade debts | 44 | €252,420 | €661,465 | +€409,045 | +162.0% |
| Suppliers | 440/4 | €252,420 | €661,465 | +€409,045 | +162.0% |
| Taxes, remuneration and social security | 45 | €78,816 | €82,675 | +€3,859 | +4.9% |
| Taxes | 450/3 | €19,194 | €27,282 | +€8,087 | +42.1% |
| Remuneration and social security | 454/9 | €59,622 | €55,393 | -€4,229 | -7.1% |
| Other amounts payable | 47/48 | €399,520 | €275,000 | -€124,520 | -31.2% |
| Accrued charges and deferred income | 492/3 | €0 | €9,100 | +€9,100 | +45501200.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €464,691 | €458,175 | -€6,516 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,874 | €43,562 | -€25,312 | -36.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,589 | +€2,589 | |
| Other operating charges | 640/8 | €3,714 | €3,679 | -€35 | -0.9% |
| Gross operating margin | 9900 | €600,310 | €698,796 | +€98,486 | +16.4% |
| Operating profit (loss) | 9901 | €63,032 | €190,792 | +€127,760 | +202.7% |
| Financial income | 75/76B | €6,155 | €25,752 | +€19,597 | +318.4% |
| Recurring financial income | 75 | €6,155 | €619 | -€5,536 | -89.9% |
| Non-recurring financial income | 76B | - | €25,133 | +€25,133 | |
| Financial charges | 65/66B | €17,197 | €22,449 | +€5,252 | +30.5% |
| Recurring financial charges | 65 | €17,197 | €22,449 | +€5,252 | +30.5% |
| Profit (loss) for the period before taxes | 9903 | €51,990 | €194,094 | +€142,104 | +273.3% |
| Income taxes | 67/77 | €12,154 | €50,339 | +€38,185 | +314.2% |
| Profit (loss) for the period | 9904 | €39,836 | €143,755 | +€103,919 | +260.9% |
| Profit (loss) for the period to be appropriated | 9905 | €39,836 | €143,755 | +€103,919 | +260.9% |
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 7 October 2026 via checked.be.