PENTACON: 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.
PENTACON
Largest movements
- Current investments -€16.0m
down €16.0m (-66.2%), from €24.2m to €8.2m
- Receivables within one year +€6.9m
up €6.9m (+22.2%), from €30.9m to €37.8m
of which Other amounts receivable: +€7.0m
- Financial fixed assets +€6.2m
up €6.2m (+23.7%), from €26.2m to €32.5m
- Cash +€5.9m
up €5.9m (+229.4%), from €2.6m to €8.4m
mainly Current investments (+€16.0m) and Receivables after one year (+€3.0m)
- Receivables after one year -€3.0m
no longer reported in 2025 (was €3.0m)
- Reserves -€3.6m
down €3.6m (-17.4%), from €20.9m to €17.2m
of which Distributable reserves: -€3.6m
- Profit (loss) carried forward +€2.6m
up €2.6m (+8.1%), from €32.3m to €34.9m
- Financial income +€1.7m
up €1.7m (+35.2%), from €4.9m to €6.7m
of which Non-recurring financial income: +€3.1m
- Gross operating margin -€1.5m
down €1.5m (-98.3%), from -€1.5m to -€3.0m
- Financial charges -€531,020
down €531,020 (-89.0%), from €596,911 to €65,891
- Taxes -€71,149
down €71,149 (-100.0%), from €71,149 to €0
- Depreciation -€55,304
down €55,304 (-5.6%), from €986,901 to €931,597
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 | €101,456,364 | €101,036,676 | -€419,688 | -0.4% |
| Fixed assets | 21/28 | €40,795,687 | €46,630,967 | +€5.8m | +14.3% |
| Tangible fixed assets | 22/27 | €14,553,473 | €14,179,398 | -€374,075 | -2.6% |
| Land and buildings | 22 | €9,276,918 | €8,958,158 | -€318,760 | -3.4% |
| Plant, machinery and equipment | 23 | €4,968,672 | €4,914,823 | -€53,849 | -1.1% |
| Furniture and vehicles | 24 | €307,883 | €306,417 | -€1,466 | -0.5% |
| Financial fixed assets | 28 | €26,242,214 | €32,451,569 | +€6.2m | +23.7% |
| Current assets | 29/58 | €60,660,677 | €54,405,709 | -€6.3m | -10.3% |
| Amounts receivable after more than one year | 29 | €3,000,000 | - | -€3.0m | |
| Other amounts receivable | 291 | €3,000,000 | - | -€3.0m | |
| Amounts receivable within one year | 40/41 | €30,900,077 | €37,772,825 | +€6.9m | +22.2% |
| Trade receivables | 40 | €151,947 | €32,877 | -€119,070 | -78.4% |
| Other amounts receivable | 41 | €30,748,130 | €37,739,948 | +€7.0m | +22.7% |
| Current investments | 50/53 | €24,196,229 | €8,184,378 | -€16.0m | -66.2% |
| Cash at bank and in hand | 54/58 | €2,564,371 | €8,445,938 | +€5.9m | +229.4% |
| Deferred charges and accrued income | 490/1 | - | €2,569 | +€2,569 | |
| Total equity and liabilities | 10/49 | €101,456,364 | €101,036,676 | -€419,688 | -0.4% |
| Equity | 10/15 | €92,566,429 | €91,558,856 | -€1.0m | -1.1% |
| Contributions | 10/11 | €39,447,709 | €39,447,709 | = | 0.0% |
| Reserves | 13 | €20,859,409 | €17,237,813 | -€3.6m | -17.4% |
| Tax-exempt reserves | 132 | €148,276 | €142,345 | -€5,931 | -4.0% |
| Distributable reserves | 133 | €20,711,133 | €17,095,468 | -€3.6m | -17.5% |
| Profit (loss) carried forward | 14 | €32,259,311 | €34,873,333 | +€2.6m | +8.1% |
| Amounts payable | 17/49 | €8,889,935 | €9,477,820 | +€587,885 | +6.6% |
| Amounts payable after more than one year | 17 | €7,150,000 | €7,150,000 | = | 0.0% |
| Financial debts | 170/4 | €7,150,000 | €7,150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,729,002 | €2,327,820 | +€598,818 | +34.6% |
| Financial debts | 43 | - | €1,000,000 | +€1.0m | |
| Credit institutions | 430/8 | - | €1,000,000 | +€1.0m | |
| Trade debts | 44 | €578,130 | €327,819 | -€250,312 | -43.3% |
| Suppliers | 440/4 | €578,130 | €327,819 | -€250,312 | -43.3% |
| Taxes, remuneration and social security | 45 | €155,898 | - | -€155,898 | |
| Taxes | 450/3 | €155,898 | - | -€155,898 | |
| Other amounts payable | 47/48 | €994,973 | €1,000,001 | +€5,028 | +0.5% |
| Accrued charges and deferred income | 492/3 | €10,933 | - | -€10,933 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €986,901 | €931,597 | -€55,304 | -5.6% |
| Other operating charges | 640/8 | €25,970 | €51,956 | +€25,986 | +100.1% |
| Gross operating margin | 9900 | -€1,510,097 | -€2,994,246 | -€1.5m | -98.3% |
| Operating profit (loss) | 9901 | -€2,522,969 | -€3,977,799 | -€1.5m | -57.7% |
| Financial income | 75/76B | €4,918,521 | €6,651,781 | +€1.7m | +35.2% |
| Recurring financial income | 75 | €4,537,179 | €3,215,311 | -€1.3m | -29.1% |
| Non-recurring financial income | 76B | €381,342 | €3,436,471 | +€3.1m | +801.2% |
| Financial charges | 65/66B | €596,911 | €65,891 | -€531,020 | -89.0% |
| Recurring financial charges | 65 | €596,911 | €65,891 | -€531,020 | -89.0% |
| Profit (loss) for the period before taxes | 9903 | €1,798,642 | €2,608,091 | +€809,450 | +45.0% |
| Income taxes | 67/77 | €71,149 | €0 | -€71,149 | -100.0% |
| Profit (loss) for the period | 9904 | €1,727,493 | €2,608,091 | +€880,599 | +51.0% |
| Transfer from tax-exempt reserves | 789 | €5,931 | €5,931 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,733,424 | €2,614,023 | +€880,599 | +50.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.