PAV PROD: 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.
PAV PROD
Largest movements
- Receivables within one year +€2,693
up €2,693 (+7.2%), from €37,499 to €40,192
of which Trade receivables: +€1,963
- Cash -€415
down €415 (-49.4%), from €840 to €425
mainly Receivables within one year (-€2,693) and Trade debts (-€1,570)
- Profit (loss) carried forward +€3,223
up €3,223 (+29.9%), from €10,778 to €14,001
- Trade debts -€1,570
down €1,570 (-7.6%), from €20,561 to €18,991
- Gross operating margin -€3,476
down €3,476 (-42.9%), from €8,100 to €4,623
- Financial charges -€1,965
down €1,965 (-88.6%), from €2,217 to €252
- Taxes -€273
down €273 (-23.2%), from €1,178 to €904
- Other operating charges +€255
new in 2025: €255
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 | €38,927 | €40,876 | +€1,950 | +5.0% |
| Current assets | 29/58 | €38,927 | €40,876 | +€1,950 | +5.0% |
| Amounts receivable within one year | 40/41 | €37,499 | €40,192 | +€2,693 | +7.2% |
| Trade receivables | 40 | €35,745 | €37,708 | +€1,963 | +5.5% |
| Other amounts receivable | 41 | €1,754 | €2,484 | +€730 | +41.6% |
| Cash at bank and in hand | 54/58 | €840 | €425 | -€415 | -49.4% |
| Deferred charges and accrued income | 490/1 | €587 | €259 | -€328 | -55.9% |
| Total equity and liabilities | 10/49 | €38,927 | €40,876 | +€1,950 | +5.0% |
| Equity | 10/15 | €13,278 | €16,501 | +€3,223 | +24.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €10,778 | €14,001 | +€3,223 | +29.9% |
| Amounts payable | 17/49 | €25,648 | €24,375 | -€1,273 | -5.0% |
| Amounts payable within one year | 42/48 | €25,648 | €24,375 | -€1,273 | -5.0% |
| Trade debts | 44 | €20,561 | €18,991 | -€1,570 | -7.6% |
| Suppliers | 440/4 | €20,561 | €18,991 | -€1,570 | -7.6% |
| Taxes, remuneration and social security | 45 | €5,088 | €5,384 | +€297 | +5.8% |
| Taxes | 450/3 | €1,178 | €904 | -€273 | -23.2% |
| Remuneration and social security | 454/9 | €3,910 | €4,480 | +€570 | +14.6% |
| Other operating charges | 640/8 | - | €255 | +€255 | |
| Gross operating margin | 9900 | €8,100 | €4,623 | -€3,476 | -42.9% |
| Operating profit (loss) | 9901 | €8,100 | €4,368 | -€3,731 | -46.1% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €2,217 | €252 | -€1,965 | -88.6% |
| Recurring financial charges | 65 | €2,217 | €252 | -€1,965 | -88.6% |
| Profit (loss) for the period before taxes | 9903 | €5,883 | €4,127 | -€1,756 | -29.8% |
| Income taxes | 67/77 | €1,178 | €904 | -€273 | -23.2% |
| Profit (loss) for the period | 9904 | €4,705 | €3,223 | -€1,482 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €4,705 | €3,223 | -€1,482 | -31.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.