Le Pavillon Private Spa: 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.
Le Pavillon Private Spa
Largest movements
- Tangible fixed assets -€20,007
down €20,007 (-3.8%), from €520,753 to €500,745
of which Land and buildings: -€19,405
- Receivables within one year -€18,914
down €18,914 (-85.6%), from €22,085 to €3,170
of which Trade receivables: -€19,197
- Trade debts -€23,765
down €23,765 (-71.8%), from €33,101 to €9,336
of which Suppliers: -€23,765
- Profit (loss) carried forward -€20,168
down €20,168 (-43.4%), from -€46,479 to -€66,647
- Debts after one year -€15,614
down €15,614 (-3.9%), from €399,899 to €384,285
- Current portion of long-term debt +€13,513
new in 2025: €13,513
- Other debts +€6,739
up €6,739 (+4.6%), from €146,153 to €152,891
- Gross operating margin +€22,890
up €22,890, from -€2,719 to €20,171
- Depreciation -€3,502
down €3,502 (-12.9%), from €27,124 to €23,622
- Financial charges +€969
up €969 (+6.2%), from €15,756 to €16,725
- Other operating charges -€887
no longer reported in 2025 (was €887)
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 | €548,458 | €508,980 | -€39,478 | -7.2% |
| Fixed assets | 21/28 | €520,753 | €500,745 | -€20,007 | -3.8% |
| Tangible fixed assets | 22/27 | €520,753 | €500,745 | -€20,007 | -3.8% |
| Land and buildings | 22 | €516,736 | €497,331 | -€19,405 | -3.8% |
| Plant, machinery and equipment | 23 | €2,381 | €2,242 | -€138 | -5.8% |
| Leasing and similar rights | 25 | €1,636 | €1,172 | -€464 | -28.4% |
| Current assets | 29/58 | €27,705 | €8,234 | -€19,471 | -70.3% |
| Amounts receivable within one year | 40/41 | €22,085 | €3,170 | -€18,914 | -85.6% |
| Trade receivables | 40 | €21,874 | €2,677 | -€19,197 | -87.8% |
| Other amounts receivable | 41 | €211 | €494 | +€283 | +134% |
| Cash at bank and in hand | 54/58 | €5,620 | €5,064 | -€556 | -9.9% |
| Total equity and liabilities | 10/49 | €548,458 | €508,980 | -€39,478 | -7.2% |
| Equity | 10/15 | -€30,879 | -€51,047 | -€20,168 | -65.3% |
| Contributions | 10/11 | €15,600 | €15,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,479 | -€66,647 | -€20,168 | -43.4% |
| Amounts payable | 17/49 | €579,336 | €560,026 | -€19,310 | -3.3% |
| Amounts payable after more than one year | 17 | €399,899 | €384,285 | -€15,614 | -3.9% |
| Financial debts | 170/4 | €399,899 | €384,285 | -€15,614 | -3.9% |
| Amounts payable within one year | 42/48 | €179,437 | €175,741 | -€3,696 | -2.1% |
| Current portion of amounts payable after more than one year | 42 | - | €13,513 | +€13,513 | |
| Trade debts | 44 | €33,101 | €9,336 | -€23,765 | -71.8% |
| Suppliers | 440/4 | €33,101 | €9,336 | -€23,765 | -71.8% |
| Bills of exchange payable | 441 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €184 | - | -€184 | |
| Taxes | 450/3 | €184 | - | -€184 | |
| Other amounts payable | 47/48 | €146,153 | €152,891 | +€6,739 | +4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,124 | €23,622 | -€3,502 | -12.9% |
| Other operating charges | 640/8 | €887 | - | -€887 | |
| Gross operating margin | 9900 | -€2,719 | €20,171 | +€22,890 | |
| Operating profit (loss) | 9901 | -€30,731 | -€3,451 | +€27,279 | +88.8% |
| Financial income | 75/76B | €8 | €9 | +€1 | +13.2% |
| Recurring financial income | 75 | €8 | €9 | +€1 | +13.2% |
| Financial charges | 65/66B | €15,756 | €16,725 | +€969 | +6.2% |
| Recurring financial charges | 65 | €15,756 | €16,725 | +€969 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | -€46,479 | -€20,168 | +€26,311 | +56.6% |
| Profit (loss) for the period | 9904 | -€46,479 | -€20,168 | +€26,311 | +56.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,479 | -€20,168 | +€26,311 | +56.6% |
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 22 October 2026 via checked.be.