AESCULUS PAVIA: 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.
AESCULUS PAVIA
Largest movements
- Receivables within one year -€15,000
down €15,000 (-2.0%), from €764,127 to €749,127
- Provisions -€119,455
no longer reported in 2025 (was €119,455)
- Tax, wage and social debts +€95,520
new in 2025: €95,520
- Profit (loss) carried forward +€63,696
no longer reported in 2025 (was -€63,696)
- Reserves -€55,146
down €55,146 (-15.2%), from €362,566 to €307,421
of which Tax-exempt reserves: -€358,365
- Taxes +€109,520
new in 2025: €109,520
- Financial charges +€42
up €42 (+28.3%), from €150 to €192
- Gross operating margin +€19
up €19 (+2.3%), from -€811 to -€792
- Other operating charges +€12
up €12 (+3.2%), from €387 to €400
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 | €764,783 | €749,411 | -€15,372 | -2.0% |
| Current assets | 29/58 | €764,783 | €749,411 | -€15,372 | -2.0% |
| Amounts receivable within one year | 40/41 | €764,127 | €749,127 | -€15,000 | -2.0% |
| Other amounts receivable | 41 | €764,127 | €749,127 | -€15,000 | -2.0% |
| Cash at bank and in hand | 54/58 | €657 | €284 | -€372 | -56.7% |
| Total equity and liabilities | 10/49 | €764,783 | €749,411 | -€15,372 | -2.0% |
| Equity | 10/15 | €360,870 | €369,421 | +€8,551 | +2.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €362,566 | €307,421 | -€55,146 | -15.2% |
| Non-distributable reserves | 130/1 | €4,201 | €4,201 | = | 0.0% |
| Legal reserve | 130 | €4,201 | €4,201 | = | 0.0% |
| Tax-exempt reserves | 132 | €358,365 | - | -€358,365 | |
| Distributable reserves | 133 | - | €303,220 | +€303,220 | |
| Profit (loss) carried forward | 14 | -€63,696 | - | +€63,696 | |
| Provisions and deferred taxes | 16 | €119,455 | - | -€119,455 | |
| Deferred taxes | 168 | €119,455 | - | -€119,455 | |
| Amounts payable | 17/49 | €284,458 | €379,990 | +€95,532 | +33.6% |
| Amounts payable within one year | 42/48 | €284,458 | €379,990 | +€95,532 | +33.6% |
| Trade debts | 44 | €33,443 | €33,455 | +€12 | 0.0% |
| Suppliers | 440/4 | €33,443 | €33,455 | +€12 | 0.0% |
| Taxes, remuneration and social security | 45 | - | €95,520 | +€95,520 | |
| Taxes | 450/3 | - | €95,520 | +€95,520 | |
| Other amounts payable | 47/48 | €251,015 | €251,015 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€811 | -€792 | +€19 | +2.3% |
| Operating profit (loss) | 9901 | -€1,199 | -€1,192 | +€6 | +0.5% |
| Financial charges | 65/66B | €150 | €192 | +€42 | +28.3% |
| Recurring financial charges | 65 | €150 | €192 | +€42 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,349 | -€1,385 | -€36 | -2.7% |
| Transfer from deferred taxes | 780 | - | €119,455 | +€119,455 | |
| Income taxes | 67/77 | - | €109,520 | +€109,520 | |
| Profit (loss) for the period | 9904 | -€1,349 | €8,551 | +€9,899 | |
| Transfer from tax-exempt reserves | 789 | - | €358,365 | +€358,365 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,349 | €366,916 | +€368,264 |
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 9 October 2026 via checked.be.