Pentas Management: 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.
Pentas Management
Largest movements
- Cash +€59,902
up €59,902 (+119%), from €50,130 to €110,032
mainly Net result for the year (+€126,593) and Receivables within one year (+€39,824)
- Receivables after one year +€59,328
up €59,328 (+14.2%), from €417,303 to €476,631
of which Other amounts receivable: +€476,631
- Receivables within one year -€39,824
down €39,824 (-15.9%), from €250,182 to €210,357
of which Other amounts receivable: -€63,158
- Reserves +€126,593
up €126,593 (+24.8%), from €510,478 to €637,072
- Tax, wage and social debts -€36,873
down €36,873 (-19.1%), from €193,200 to €156,327
- Trade debts -€12,004
down €12,004 (-74.2%), from €16,182 to €4,177
- Gross operating margin -€102,140
down €102,140 (-37.6%), from €271,756 to €169,615
- Taxes -€37,600
down €37,600 (-40.6%), from €92,548 to €54,948
- Financial income -€5,781
down €5,781 (-27.7%), from €20,884 to €15,104
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 | €721,860 | €799,576 | +€77,716 | +10.8% |
| Fixed assets | 21/28 | €3,246 | €2,556 | -€690 | -21.3% |
| Tangible fixed assets | 22/27 | €3,246 | €2,556 | -€690 | -21.3% |
| Plant, machinery and equipment | 23 | €3,246 | €2,556 | -€690 | -21.3% |
| Current assets | 29/58 | €718,614 | €797,020 | +€78,407 | +10.9% |
| Amounts receivable after more than one year | 29 | €417,303 | €476,631 | +€59,328 | +14.2% |
| Trade receivables | 290 | €417,303 | - | -€417,303 | |
| Other amounts receivable | 291 | - | €476,631 | +€476,631 | |
| Amounts receivable within one year | 40/41 | €250,182 | €210,357 | -€39,824 | -15.9% |
| Trade receivables | 40 | €6,374 | €29,708 | +€23,334 | +366% |
| Other amounts receivable | 41 | €243,808 | €180,649 | -€63,158 | -25.9% |
| Cash at bank and in hand | 54/58 | €50,130 | €110,032 | +€59,902 | +119% |
| Deferred charges and accrued income | 490/1 | €1,000 | €0 | -€1,000 | -100% |
| Total equity and liabilities | 10/49 | €721,860 | €799,576 | +€77,716 | +10.8% |
| Equity | 10/15 | €512,478 | €639,072 | +€126,593 | +24.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €510,478 | €637,072 | +€126,593 | +24.8% |
| Distributable reserves | 133 | €510,478 | €637,072 | +€126,593 | +24.8% |
| Amounts payable | 17/49 | €209,382 | €160,505 | -€48,877 | -23.3% |
| Amounts payable within one year | 42/48 | €209,382 | €160,505 | -€48,877 | -23.3% |
| Trade debts | 44 | €16,182 | €4,177 | -€12,004 | -74.2% |
| Suppliers | 440/4 | €16,182 | €4,177 | -€12,004 | -74.2% |
| Taxes, remuneration and social security | 45 | €193,200 | €156,327 | -€36,873 | -19.1% |
| Taxes | 450/3 | €193,200 | €156,327 | -€36,873 | -19.1% |
| Non-recurring operating income | 76A | €2,264 | €0 | -€2,264 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €206 | €690 | +€485 | +236% |
| Other operating charges | 640/8 | €3,130 | €520 | -€2,610 | -83.4% |
| Gross operating margin | 9900 | €271,756 | €169,615 | -€102,140 | -37.6% |
| Operating profit (loss) | 9901 | €268,420 | €168,405 | -€100,015 | -37.3% |
| Financial income | 75/76B | €20,884 | €15,104 | -€5,781 | -27.7% |
| Recurring financial income | 75 | €20,884 | €15,104 | -€5,781 | -27.7% |
| Financial charges | 65/66B | €2,336 | €1,968 | -€369 | -15.8% |
| Recurring financial charges | 65 | €2,336 | €1,968 | -€369 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €286,968 | €181,541 | -€105,427 | -36.7% |
| Income taxes | 67/77 | €92,548 | €54,948 | -€37,600 | -40.6% |
| Profit (loss) for the period | 9904 | €194,421 | €126,593 | -€67,827 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €194,421 | €126,593 | -€67,827 | -34.9% |
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.