PENXTEN INVEST: what changed
PENXTEN INVEST
Largest movements
- Tangible fixed assets -€81,490
down €81,490 (-6.9%), from €1.2m to €1.1m
- Cash +€15,381
up €15,381 (+78.1%), from €19,696 to €35,077
mainly Net result for the year (+€124,994) and Depreciation (+€81,490)
- Debts after one year -€138,736
down €138,736 (-22.2%), from €624,853 to €486,117
- Profit (loss) carried forward +€124,994
up €124,994 (+75.0%), from €166,760 to €291,754
- Other debts -€55,000
down €55,000 (-100%), from €55,000 to €0
- Tax, wage and social debts +€16,619
up €16,619 (+36.8%), from €45,212 to €61,831
- Current portion of long-term debt -€14,028
down €14,028 (-9.2%), from €152,765 to €138,736
- Gross operating margin +€8,710
up €8,710 (+3.1%), from €280,828 to €289,538
- Financial charges -€7,765
down €7,765 (-26.5%), from €29,322 to €21,556
- Taxes +€4,893
up €4,893 (+11.7%), from €41,926 to €46,819
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,210,214 | €1,145,238 | -€64,975 | -5.4% |
| Fixed assets | 21/28 | €1,175,514 | €1,094,024 | -€81,490 | -6.9% |
| Tangible fixed assets | 22/27 | €1,175,514 | €1,094,024 | -€81,490 | -6.9% |
| Land and buildings | 22 | €1,175,514 | €1,094,024 | -€81,490 | -6.9% |
| Current assets | 29/58 | €34,700 | €51,214 | +€16,514 | +47.6% |
| Amounts receivable within one year | 40/41 | €10,390 | €11,378 | +€989 | +9.5% |
| Trade receivables | 40 | €10,390 | €11,378 | +€989 | +9.5% |
| Cash at bank and in hand | 54/58 | €19,696 | €35,077 | +€15,381 | +78.1% |
| Deferred charges and accrued income | 490/1 | €4,614 | €4,758 | +€145 | +3.1% |
| Total equity and liabilities | 10/49 | €1,210,214 | €1,145,238 | -€64,975 | -5.4% |
| Equity | 10/15 | €291,485 | €416,479 | +€124,994 | +42.9% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €4,726 | €4,726 | = | 0.0% |
| Distributable reserves | 133 | €4,726 | €4,726 | = | 0.0% |
| Profit (loss) carried forward | 14 | €166,760 | €291,754 | +€124,994 | +75.0% |
| Amounts payable | 17/49 | €918,728 | €728,759 | -€189,969 | -20.7% |
| Amounts payable after more than one year | 17 | €624,853 | €486,117 | -€138,736 | -22.2% |
| Financial debts | 170/4 | €624,853 | €486,117 | -€138,736 | -22.2% |
| Amounts payable within one year | 42/48 | €293,875 | €242,642 | -€51,233 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €152,765 | €138,736 | -€14,028 | -9.2% |
| Trade debts | 44 | €40,898 | €42,075 | +€1,177 | +2.9% |
| Suppliers | 440/4 | €40,898 | €42,075 | +€1,177 | +2.9% |
| Taxes, remuneration and social security | 45 | €45,212 | €61,831 | +€16,619 | +36.8% |
| Taxes | 450/3 | €45,212 | €61,831 | +€16,619 | +36.8% |
| Other amounts payable | 47/48 | €55,000 | €0 | -€55,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,013 | €81,490 | +€477 | +0.6% |
| Other operating charges | 640/8 | €11,820 | €12,152 | +€332 | +2.8% |
| Non-recurring operating charges | 66A | - | €2,527 | +€2,527 | |
| Gross operating margin | 9900 | €280,828 | €289,538 | +€8,710 | +3.1% |
| Operating profit (loss) | 9901 | €187,995 | €193,370 | +€5,375 | +2.9% |
| Financial charges | 65/66B | €29,322 | €21,556 | -€7,765 | -26.5% |
| Recurring financial charges | 65 | €29,322 | €21,556 | -€7,765 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €158,673 | €171,813 | +€13,140 | +8.3% |
| Income taxes | 67/77 | €41,926 | €46,819 | +€4,893 | +11.7% |
| Profit (loss) for the period | 9904 | €116,747 | €124,994 | +€8,247 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €116,747 | €124,994 | +€8,247 | +7.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.