PENTAVET: 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.
PENTAVET
Largest movements
- Tangible fixed assets -€23,039
down €23,039 (-17.5%), from €131,413 to €108,374
of which Plant, machinery and equipment: -€15,259
- Financial fixed assets +€11,360
up €11,360 (+532%), from €2,136 to €13,496
- Deferred charges and accrued income -€9,665
down €9,665 (-75.6%), from €12,780 to €3,115
- Receivables within one year +€5,324
up €5,324 (+27.3%), from €19,481 to €24,805
of which Trade receivables: +€5,324
- Debts after one year -€30,844
down €30,844 (-28.7%), from €107,389 to €76,545
of which Financial debts: -€22,416
- Tax, wage and social debts +€15,883
up €15,883 (+231%), from €6,873 to €22,756
of which Remuneration and social security: +€11,753
- Profit (loss) carried forward -€11,767
down €11,767 (-290%), from -€4,058 to -€15,825
- Short-term financial debts +€11,488
up €11,488 (+2,575%), from €446 to €11,935
- Trade debts +€2,253
up €2,253 (+95.6%), from €2,358 to €4,611
- Staff costs +€59,885
new in 2025: €59,885
- Gross operating margin +€42,639
up €42,639 (+121%), from €35,218 to €77,857
- Depreciation +€1,181
up €1,181 (+5.0%), from €23,723 to €24,904
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 | €166,755 | €150,387 | -€16,368 | -9.8% |
| Fixed assets | 21/28 | €133,549 | €121,870 | -€11,679 | -8.7% |
| Tangible fixed assets | 22/27 | €131,413 | €108,374 | -€23,039 | -17.5% |
| Plant, machinery and equipment | 23 | €118,876 | €103,617 | -€15,259 | -12.8% |
| Furniture and vehicles | 24 | €12,537 | €4,757 | -€7,780 | -62.1% |
| Financial fixed assets | 28 | €2,136 | €13,496 | +€11,360 | +532% |
| Current assets | 29/58 | €33,206 | €28,517 | -€4,689 | -14.1% |
| Amounts receivable within one year | 40/41 | €19,481 | €24,805 | +€5,324 | +27.3% |
| Trade receivables | 40 | €19,481 | €24,805 | +€5,324 | +27.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €945 | €597 | -€348 | -36.8% |
| Deferred charges and accrued income | 490/1 | €12,780 | €3,115 | -€9,665 | -75.6% |
| Total equity and liabilities | 10/49 | €166,755 | €150,387 | -€16,368 | -9.8% |
| Equity | 10/15 | €23,892 | €12,125 | -€11,767 | -49.3% |
| Reserves | 13 | €27,950 | €27,950 | = | 0.0% |
| Distributable reserves | 133 | €27,950 | €27,950 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,058 | -€15,825 | -€11,767 | -290% |
| Amounts payable | 17/49 | €142,863 | €138,262 | -€4,601 | -3.2% |
| Amounts payable after more than one year | 17 | €107,389 | €76,545 | -€30,844 | -28.7% |
| Financial debts | 170/4 | €56,389 | €33,972 | -€22,416 | -39.8% |
| Other amounts payable | 178/9 | €51,000 | €42,572 | -€8,428 | -16.5% |
| Amounts payable within one year | 42/48 | €35,474 | €61,717 | +€26,243 | +74.0% |
| Current portion of amounts payable after more than one year | 42 | €24,560 | €22,416 | -€2,144 | -8.7% |
| Financial debts | 43 | €446 | €11,935 | +€11,488 | +2,575% |
| Credit institutions | 430/8 | €446 | €11,935 | +€11,488 | +2,575% |
| Trade debts | 44 | €2,358 | €4,611 | +€2,253 | +95.6% |
| Suppliers | 440/4 | €2,358 | €4,611 | +€2,253 | +95.6% |
| Taxes, remuneration and social security | 45 | €6,873 | €22,756 | +€15,883 | +231% |
| Taxes | 450/3 | €6,873 | €11,003 | +€4,130 | +60.1% |
| Remuneration and social security | 454/9 | €0 | €11,753 | +€11,753 | |
| Other amounts payable | 47/48 | €1,237 | €0 | -€1,237 | -100% |
| Remuneration, social security and pensions | 62 | - | €59,885 | +€59,885 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,723 | €24,904 | +€1,181 | +5.0% |
| Other operating charges | 640/8 | €568 | €588 | +€20 | +3.5% |
| Gross operating margin | 9900 | €35,218 | €77,857 | +€42,639 | +121% |
| Operating profit (loss) | 9901 | €10,927 | -€7,520 | -€18,447 | |
| Financial income | 75/76B | €5 | €1 | -€5 | -83.3% |
| Recurring financial income | 75 | €5 | €1 | -€5 | -83.3% |
| Financial charges | 65/66B | €4,964 | €4,248 | -€716 | -14.4% |
| Recurring financial charges | 65 | €4,964 | €4,248 | -€716 | -14.4% |
| Profit (loss) for the period before taxes | 9903 | €5,969 | -€11,767 | -€17,736 | |
| Profit (loss) for the period | 9904 | €5,969 | -€11,767 | -€17,736 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,969 | -€11,767 | -€17,736 |
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 13 October 2026 via checked.be.