LE PAVILLON ROSE: 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 ROSE
Largest movements
- Cash -€54,525
down €54,525 (-74.6%), from €73,077 to €18,552
mainly Investment in fixed assets (net) (-€34,339) and Net result for the year (-€20,715)
- Tangible fixed assets +€14,819
up €14,819 (+22.9%), from €64,649 to €79,468
of which Land and buildings: +€25,846
- Receivables within one year -€4,090
down €4,090 (-7.0%), from €58,417 to €54,328
of which Trade receivables: -€4,177
- Profit (loss) carried forward -€20,715
down €20,715 (-29.1%), from €71,073 to €50,357
- Tax, wage and social debts -€14,782
down €14,782 (-69.7%), from €21,203 to €6,421
of which Taxes: -€16,168
- Debts after one year -€14,063
no longer reported in 2025 (was €14,063)
- Trade debts +€3,233
up €3,233 (+45.3%), from €7,133 to €10,366
- Current portion of long-term debt +€2,813
up €2,813 (+25.0%), from €11,250 to €14,063
- Gross operating margin -€23,486
down €23,486 (-38.3%), from €61,355 to €37,869
- Staff costs +€11,703
up €11,703 (+45.9%), from €25,488 to €37,191
- Taxes -€4,315
down €4,315, from €3,000 to -€1,315
- Other operating charges -€3,587
down €3,587 (-62.3%), from €5,757 to €2,170
- Depreciation +€1,433
up €1,433 (+7.9%), from €18,088 to €19,520
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 | €224,721 | €183,123 | -€41,598 | -18.5% |
| Fixed assets | 21/28 | €65,049 | €79,868 | +€14,819 | +22.8% |
| Tangible fixed assets | 22/27 | €64,649 | €79,468 | +€14,819 | +22.9% |
| Land and buildings | 22 | €22,348 | €48,195 | +€25,846 | +116% |
| Plant, machinery and equipment | 23 | €1,714 | €1,126 | -€588 | -34.3% |
| Furniture and vehicles | 24 | €40,586 | €30,147 | -€10,440 | -25.7% |
| Financial fixed assets | 28 | €400 | €400 | = | 0.0% |
| Current assets | 29/58 | €159,672 | €103,255 | -€56,417 | -35.3% |
| Stocks and contracts in progress | 3 | €22,226 | €23,483 | +€1,257 | +5.7% |
| Stocks | 30/36 | €22,226 | €23,483 | +€1,257 | +5.7% |
| Amounts receivable within one year | 40/41 | €58,417 | €54,328 | -€4,090 | -7.0% |
| Trade receivables | 40 | €4,177 | - | -€4,177 | |
| Other amounts receivable | 41 | €54,240 | €54,328 | +€88 | +0.2% |
| Cash at bank and in hand | 54/58 | €73,077 | €18,552 | -€54,525 | -74.6% |
| Deferred charges and accrued income | 490/1 | €5,952 | €6,893 | +€940 | +15.8% |
| Total equity and liabilities | 10/49 | €224,721 | €183,123 | -€41,598 | -18.5% |
| Equity | 10/15 | €171,073 | €150,357 | -€20,715 | -12.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €71,073 | €50,357 | -€20,715 | -29.1% |
| Amounts payable | 17/49 | €53,648 | €32,765 | -€20,883 | -38.9% |
| Amounts payable after more than one year | 17 | €14,063 | - | -€14,063 | |
| Financial debts | 170/4 | €14,063 | - | -€14,063 | |
| Amounts payable within one year | 42/48 | €39,586 | €32,765 | -€6,821 | -17.2% |
| Current portion of amounts payable after more than one year | 42 | €11,250 | €14,063 | +€2,813 | +25.0% |
| Trade debts | 44 | €7,133 | €10,366 | +€3,233 | +45.3% |
| Suppliers | 440/4 | €7,133 | €10,366 | +€3,233 | +45.3% |
| Taxes, remuneration and social security | 45 | €21,203 | €6,421 | -€14,782 | -69.7% |
| Taxes | 450/3 | €20,396 | €4,228 | -€16,168 | -79.3% |
| Remuneration and social security | 454/9 | €808 | €2,193 | +€1,386 | +172% |
| Other amounts payable | 47/48 | - | €1,915 | +€1,915 | |
| Remuneration, social security and pensions | 62 | €25,488 | €37,191 | +€11,703 | +45.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,088 | €19,520 | +€1,433 | +7.9% |
| Other operating charges | 640/8 | €5,757 | €2,170 | -€3,587 | -62.3% |
| Gross operating margin | 9900 | €61,355 | €37,869 | -€23,486 | -38.3% |
| Operating profit (loss) | 9901 | €12,023 | -€21,013 | -€33,035 | |
| Financial income | 75/76B | €1 | €94 | +€93 | +11,605% |
| Recurring financial income | 75 | €1 | €94 | +€93 | +11,605% |
| Non-recurring financial income | 76B | €1 | - | -€1 | |
| Financial charges | 65/66B | €1,112 | €1,112 | = | 0.0% |
| Recurring financial charges | 65 | €1,112 | €1,112 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €10,912 | -€22,031 | -€32,943 | |
| Income taxes | 67/77 | €3,000 | -€1,315 | -€4,315 | |
| Profit (loss) for the period | 9904 | €7,912 | -€20,715 | -€28,627 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,912 | -€20,715 | -€28,627 |
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 23 October 2026 via checked.be.