PAUVER: 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.
PAUVER
Largest movements
- Tangible fixed assets -€26,322
down €26,322 (-3.1%), from €837,398 to €811,077
- Debts after one year -€45,943
down €45,943 (-12.3%), from €374,489 to €328,545
- Other debts +€11,093
up €11,093 (+4.6%), from €243,697 to €254,790
- Reserves +€8,820
up €8,820 (+10.3%), from €85,352 to €94,172
of which Distributable reserves: +€10,394
- Other operating charges -€7,241
down €7,241 (-60.9%), from €11,883 to €4,641
- Provisions +€2,306
up €2,306, from -€2,306 to €0
- Gross operating margin -€2,121
down €2,121 (-3.7%), from €57,787 to €55,666
- Taxes +€743
up €743 (+27.3%), from €2,722 to €3,465
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 | €840,161 | €816,579 | -€23,582 | -2.8% |
| Fixed assets | 21/28 | €837,398 | €811,077 | -€26,322 | -3.1% |
| Tangible fixed assets | 22/27 | €837,398 | €811,077 | -€26,322 | -3.1% |
| Land and buildings | 22 | €837,398 | €811,077 | -€26,322 | -3.1% |
| Current assets | 29/58 | €2,763 | €5,503 | +€2,740 | +99.2% |
| Amounts receivable within one year | 40/41 | €669 | €1,540 | +€871 | +130% |
| Trade receivables | 40 | €0 | €730 | +€730 | |
| Other amounts receivable | 41 | €669 | €810 | +€141 | +21.1% |
| Cash at bank and in hand | 54/58 | €2,094 | €3,963 | +€1,869 | +89.3% |
| Total equity and liabilities | 10/49 | €840,161 | €816,579 | -€23,582 | -2.8% |
| Equity | 10/15 | €165,352 | €174,172 | +€8,820 | +5.3% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €85,352 | €94,172 | +€8,820 | +10.3% |
| Tax-exempt reserves | 132 | €40,139 | €38,565 | -€1,574 | -3.9% |
| Distributable reserves | 133 | €45,213 | €55,606 | +€10,394 | +23.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €13,380 | €12,855 | -€525 | -3.9% |
| Provisions for liabilities and charges | 160/5 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €0 | - | = | |
| Deferred taxes | 168 | €13,380 | €12,855 | -€525 | -3.9% |
| Amounts payable | 17/49 | €661,429 | €629,553 | -€31,877 | -4.8% |
| Amounts payable after more than one year | 17 | €374,489 | €328,545 | -€45,943 | -12.3% |
| Financial debts | 170/4 | €374,489 | €328,545 | -€45,943 | -12.3% |
| Amounts payable within one year | 42/48 | €286,941 | €300,735 | +€13,794 | +4.8% |
| Current portion of amounts payable after more than one year | 42 | €43,243 | €45,282 | +€2,039 | +4.7% |
| Trade debts | 44 | €0 | €198 | +€198 | +1,976,200% |
| Suppliers | 440/4 | €0 | €198 | +€198 | +1,976,200% |
| Taxes, remuneration and social security | 45 | €0 | €465 | +€465 | |
| Taxes | 450/3 | €0 | €465 | +€465 | |
| Other amounts payable | 47/48 | €243,697 | €254,790 | +€11,093 | +4.6% |
| Accrued charges and deferred income | 492/3 | - | €273 | +€273 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,322 | €26,322 | = | 0.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€2,306 | €0 | +€2,306 | |
| Other operating charges | 640/8 | €11,883 | €4,641 | -€7,241 | -60.9% |
| Gross operating margin | 9900 | €57,787 | €55,666 | -€2,121 | -3.7% |
| Operating profit (loss) | 9901 | €21,888 | €24,703 | +€2,815 | +12.9% |
| Financial income | 75/76B | €3 | €0 | -€3 | -100% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100% |
| Financial charges | 65/66B | €13,312 | €12,943 | -€368 | -2.8% |
| Recurring financial charges | 65 | €13,312 | €12,943 | -€368 | -2.8% |
| Profit (loss) for the period before taxes | 9903 | €8,579 | €11,760 | +€3,180 | +37.1% |
| Transfer from deferred taxes | 780 | €577 | €525 | -€52 | -9.1% |
| Income taxes | 67/77 | €2,722 | €3,465 | +€743 | +27.3% |
| Profit (loss) for the period | 9904 | €6,434 | €8,820 | +€2,385 | +37.1% |
| Transfer from tax-exempt reserves | 789 | €1,732 | €1,574 | -€157 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,166 | €10,394 | +€2,228 | +27.3% |
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 17 October 2026 via checked.be.