MîDé Pavé: 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.
MîDé Pavé
Largest movements
- Receivables within one year -€33,283
down €33,283 (-44.3%), from €75,102 to €41,819
of which Trade receivables: -€42,365
- Stocks and contracts +€27,278
up €27,278 (+1992.6%), from €1,369 to €28,647
of which Contracts in progress: +€25,325
- Tangible fixed assets -€12,622
down €12,622 (-36.4%), from €34,671 to €22,049
of which Furniture and vehicles: -€14,725
- Cash +€9,612
up €9,612 (+30.1%), from €31,895 to €41,507
mainly Receivables within one year (+€33,283) and Depreciation (+€16,457)
- Debts after one year -€12,046
down €12,046 (-25.2%), from €47,827 to €35,781
of which Financial debts: -€12,046
- Profit (loss) carried forward +€7,255
up €7,255 (+14.3%), from €50,637 to €57,892
- Tax, wage and social debts -€2,804
down €2,804 (-31.3%), from €8,958 to €6,154
of which Taxes: -€2,082
- Gross operating margin +€11,103
up €11,103 (+10.1%), from €109,846 to €120,949
- Staff costs +€9,313
up €9,313 (+11.1%), from €83,570 to €92,883
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 | €146,013 | €137,040 | -€8,973 | -6.1% |
| Fixed assets | 21/28 | €34,931 | €22,309 | -€12,622 | -36.1% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €34,671 | €22,049 | -€12,622 | -36.4% |
| Plant, machinery and equipment | 23 | €1,196 | €4,285 | +€3,088 | +258.2% |
| Furniture and vehicles | 24 | €31,527 | €16,802 | -€14,725 | -46.7% |
| Other tangible fixed assets | 26 | €1,948 | €962 | -€986 | -50.6% |
| Financial fixed assets | 28 | €260 | €260 | = | 0.0% |
| Current assets | 29/58 | €111,082 | €114,731 | +€3,650 | +3.3% |
| Stocks and contracts in progress | 3 | €1,369 | €28,647 | +€27,278 | +1992.6% |
| Stocks | 30/36 | €1,369 | €3,322 | +€1,953 | +142.7% |
| Contracts in progress | 37 | - | €25,325 | +€25,325 | |
| Amounts receivable within one year | 40/41 | €75,102 | €41,819 | -€33,283 | -44.3% |
| Trade receivables | 40 | €70,344 | €27,979 | -€42,365 | -60.2% |
| Other amounts receivable | 41 | €4,758 | €13,840 | +€9,082 | +190.9% |
| Cash at bank and in hand | 54/58 | €31,895 | €41,507 | +€9,612 | +30.1% |
| Deferred charges and accrued income | 490/1 | €2,716 | €2,758 | +€42 | +1.6% |
| Total equity and liabilities | 10/49 | €146,013 | €137,040 | -€8,973 | -6.1% |
| Equity | 10/15 | €60,637 | €67,892 | +€7,255 | +12.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,637 | €57,892 | +€7,255 | +14.3% |
| Amounts payable | 17/49 | €85,376 | €69,148 | -€16,228 | -19.0% |
| Amounts payable after more than one year | 17 | €47,827 | €35,781 | -€12,046 | -25.2% |
| Financial debts | 170/4 | €15,827 | €3,781 | -€12,046 | -76.1% |
| Other amounts payable | 178/9 | €32,000 | €32,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €37,400 | €33,218 | -€4,182 | -11.2% |
| Current portion of amounts payable after more than one year | 42 | €13,412 | €12,046 | -€1,367 | -10.2% |
| Trade debts | 44 | €14,768 | €13,681 | -€1,087 | -7.4% |
| Suppliers | 440/4 | €14,768 | €13,681 | -€1,087 | -7.4% |
| Taxes, remuneration and social security | 45 | €8,958 | €6,154 | -€2,804 | -31.3% |
| Taxes | 450/3 | €4,029 | €1,947 | -€2,082 | -51.7% |
| Remuneration and social security | 454/9 | €4,929 | €4,207 | -€722 | -14.6% |
| Other amounts payable | 47/48 | €263 | €1,337 | +€1,075 | +409.3% |
| Accrued charges and deferred income | 492/3 | €149 | €149 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €83,570 | €92,883 | +€9,313 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,314 | €16,457 | +€144 | +0.9% |
| Other operating charges | 640/8 | €1,667 | €1,639 | -€28 | -1.7% |
| Gross operating margin | 9900 | €109,846 | €120,949 | +€11,103 | +10.1% |
| Operating profit (loss) | 9901 | €8,296 | €9,970 | +€1,674 | +20.2% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €1,721 | €521 | -€1,199 | -69.7% |
| Recurring financial charges | 65 | €1,721 | €521 | -€1,199 | -69.7% |
| Profit (loss) for the period before taxes | 9903 | €6,575 | €9,448 | +€2,873 | +43.7% |
| Income taxes | 67/77 | €1,947 | €2,193 | +€246 | +12.6% |
| Profit (loss) for the period | 9904 | €4,628 | €7,255 | +€2,627 | +56.8% |
| Profit (loss) for the period to be appropriated | 9905 | €4,628 | €7,255 | +€2,627 | +56.8% |
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 12 October 2026 via checked.be.