PAUVERT: 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.
PAUVERT
Largest movements
- Receivables within one year +€22,871
up €22,871 (+146.3%), from €15,631 to €38,502
of which Other amounts receivable: +€24,915
- Cash +€19,778
up €19,778 (+14.7%), from €134,850 to €154,627
mainly Net result for the year (+€30,057) and Tax, wage and social debts (+€17,100)
- Tangible fixed assets -€14,690
down €14,690 (-61.8%), from €23,774 to €9,083
of which Furniture and vehicles: -€12,241
- Stocks and contracts -€8,145
down €8,145 (-24.8%), from €32,797 to €24,653
- Reserves +€30,057
up €30,057 (+827.8%), from €3,631 to €33,688
of which Distributable reserves: +€30,057
- Tax, wage and social debts +€17,100
up €17,100 (+32.9%), from €52,005 to €69,105
of which Taxes: +€12,517
- Debts after one year -€13,953
down €13,953 (-51.9%), from €26,910 to €12,957
- Trade debts -€11,871
down €11,871 (-13.1%), from €90,434 to €78,562
- Accrued charges and deferred income -€2,500
down €2,500 (-100.0%), from €2,500 to €0
- Gross operating margin +€68,464
up €68,464 (+23.0%), from €297,968 to €366,432
- Staff costs +€59,526
up €59,526 (+25.5%), from €233,822 to €293,348
- Taxes +€12,977
up €12,977 (+176.3%), from €7,362 to €20,339
- Depreciation -€5,288
down €5,288 (-25.5%), from €20,728 to €15,440
- Other operating charges -€5,141
down €5,141 (-41.4%), from €12,405 to €7,263
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 | €215,358 | €234,377 | +€19,019 | +8.8% |
| Fixed assets | 21/28 | €29,615 | €14,175 | -€15,440 | -52.1% |
| Intangible fixed assets | 21 | €4,355 | €3,605 | -€750 | -17.2% |
| Tangible fixed assets | 22/27 | €23,774 | €9,083 | -€14,690 | -61.8% |
| Plant, machinery and equipment | 23 | €450 | €0 | -€450 | -100.0% |
| Furniture and vehicles | 24 | €17,466 | €5,226 | -€12,241 | -70.1% |
| Other tangible fixed assets | 26 | €5,858 | €3,858 | -€2,000 | -34.1% |
| Financial fixed assets | 28 | €1,487 | €1,487 | = | 0.0% |
| Current assets | 29/58 | €185,743 | €220,202 | +€34,459 | +18.6% |
| Stocks and contracts in progress | 3 | €32,797 | €24,653 | -€8,145 | -24.8% |
| Stocks | 30/36 | €32,797 | €24,653 | -€8,145 | -24.8% |
| Amounts receivable within one year | 40/41 | €15,631 | €38,502 | +€22,871 | +146.3% |
| Trade receivables | 40 | €9,412 | €7,368 | -€2,044 | -21.7% |
| Other amounts receivable | 41 | €6,219 | €31,134 | +€24,915 | +400.6% |
| Cash at bank and in hand | 54/58 | €134,850 | €154,627 | +€19,778 | +14.7% |
| Deferred charges and accrued income | 490/1 | €2,465 | €2,420 | -€45 | -1.8% |
| Total equity and liabilities | 10/49 | €215,358 | €234,377 | +€19,019 | +8.8% |
| Equity | 10/15 | €29,743 | €59,799 | +€30,057 | +101.1% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €3,631 | €33,688 | +€30,057 | +827.8% |
| Tax-exempt reserves | 132 | €1,152 | €1,152 | = | 0.0% |
| Distributable reserves | 133 | €2,479 | €32,536 | +€30,057 | +1212.5% |
| Profit (loss) carried forward | 14 | €1,323 | €1,323 | = | 0.0% |
| Amounts payable | 17/49 | €185,615 | €174,578 | -€11,038 | -5.9% |
| Amounts payable after more than one year | 17 | €26,910 | €12,957 | -€13,953 | -51.9% |
| Financial debts | 170/4 | €26,910 | €12,957 | -€13,953 | -51.9% |
| Amounts payable within one year | 42/48 | €156,205 | €161,621 | +€5,416 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €13,766 | €13,953 | +€187 | +1.4% |
| Trade debts | 44 | €90,434 | €78,562 | -€11,871 | -13.1% |
| Suppliers | 440/4 | €90,434 | €78,562 | -€11,871 | -13.1% |
| Taxes, remuneration and social security | 45 | €52,005 | €69,105 | +€17,100 | +32.9% |
| Taxes | 450/3 | €34,583 | €47,100 | +€12,517 | +36.2% |
| Remuneration and social security | 454/9 | €17,423 | €22,006 | +€4,583 | +26.3% |
| Accrued charges and deferred income | 492/3 | €2,500 | €0 | -€2,500 | -100.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €233,822 | €293,348 | +€59,526 | +25.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,728 | €15,440 | -€5,288 | -25.5% |
| Other operating charges | 640/8 | €12,405 | €7,263 | -€5,141 | -41.4% |
| Non-recurring operating charges | 66A | €4,876 | €0 | -€4,876 | -100.0% |
| Gross operating margin | 9900 | €297,968 | €366,432 | +€68,464 | +23.0% |
| Operating profit (loss) | 9901 | €26,137 | €50,381 | +€24,244 | +92.8% |
| Financial income | 75/76B | €1,118 | €2,371 | +€1,253 | +112.1% |
| Recurring financial income | 75 | €1,118 | €2,371 | +€1,253 | +112.1% |
| Financial charges | 65/66B | €3,109 | €2,356 | -€753 | -24.2% |
| Recurring financial charges | 65 | €3,109 | €2,356 | -€753 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | €24,146 | €50,396 | +€26,250 | +108.7% |
| Income taxes | 67/77 | €7,362 | €20,339 | +€12,977 | +176.3% |
| Profit (loss) for the period | 9904 | €16,784 | €30,057 | +€13,273 | +79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €16,784 | €30,057 | +€13,273 | +79.1% |
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 30 September 2026 via checked.be.