Pavan Service: 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.
Pavan Service
Largest movements
- Receivables within one year -€47,127
down €47,127 (-17.2%), from €273,649 to €226,522
of which Trade receivables: -€42,767
- Tangible fixed assets -€32,653
down €32,653 (-36.7%), from €88,936 to €56,283
of which Furniture and vehicles: -€16,869
- Cash +€13,717
up €13,717 (+22.9%), from €59,872 to €73,589
mainly Receivables within one year (+€47,127) and Depreciation (+€42,215)
- Short-term financial debts -€64,000
down €64,000 (-42.0%), from €152,500 to €88,500
- Trade debts +€39,262
up €39,262 (+16.8%), from €233,533 to €272,795
- Other debts -€26,407
down €26,407 (-30.6%), from €86,315 to €59,908
- Reserves +€24,000
up €24,000 (+18.9%), from €126,965 to €150,965
of which Distributable reserves: +€24,000
- Current portion of long-term debt -€22,082
down €22,082 (-59.0%), from €37,428 to €15,346
- Gross operating margin +€3,990
up €3,990 (+3.9%), from €101,530 to €105,520
- Other operating charges -€1,472
down €1,472 (-20.5%), from €7,193 to €5,721
- Financial charges -€1,466
down €1,466 (-7.8%), from €18,723 to €17,257
- Taxes +€1,359
up €1,359 (+50.5%), from €2,693 to €4,053
- Depreciation -€1,231
down €1,231 (-2.8%), from €43,446 to €42,215
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 | €752,698 | €681,353 | -€71,345 | -9.5% |
| Fixed assets | 21/28 | €102,328 | €64,695 | -€37,633 | -36.8% |
| Intangible fixed assets | 21 | €4,892 | €4,383 | -€510 | -10.4% |
| Tangible fixed assets | 22/27 | €88,936 | €56,283 | -€32,653 | -36.7% |
| Plant, machinery and equipment | 23 | €32,651 | €16,867 | -€15,783 | -48.3% |
| Furniture and vehicles | 24 | €56,285 | €39,416 | -€16,869 | -30.0% |
| Financial fixed assets | 28 | €8,500 | €4,029 | -€4,471 | -52.6% |
| Current assets | 29/58 | €650,370 | €616,658 | -€33,712 | -5.2% |
| Stocks and contracts in progress | 3 | €315,534 | €311,359 | -€4,175 | -1.3% |
| Stocks | 30/36 | €315,534 | €311,359 | -€4,175 | -1.3% |
| Amounts receivable within one year | 40/41 | €273,649 | €226,522 | -€47,127 | -17.2% |
| Trade receivables | 40 | €261,342 | €218,575 | -€42,767 | -16.4% |
| Other amounts receivable | 41 | €12,307 | €7,947 | -€4,359 | -35.4% |
| Cash at bank and in hand | 54/58 | €59,872 | €73,589 | +€13,717 | +22.9% |
| Deferred charges and accrued income | 490/1 | €1,315 | €5,188 | +€3,873 | +294% |
| Total equity and liabilities | 10/49 | €752,698 | €681,353 | -€71,345 | -9.5% |
| Equity | 10/15 | €182,553 | €207,440 | +€24,887 | +13.6% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €126,965 | €150,965 | +€24,000 | +18.9% |
| Tax-exempt reserves | 132 | €17,873 | €17,873 | = | 0.0% |
| Distributable reserves | 133 | €109,092 | €133,092 | +€24,000 | +22.0% |
| Profit (loss) carried forward | 14 | €30,798 | €31,685 | +€887 | +2.9% |
| Amounts payable | 17/49 | €570,145 | €473,914 | -€96,232 | -16.9% |
| Amounts payable after more than one year | 17 | €49,263 | €33,917 | -€15,346 | -31.2% |
| Financial debts | 170/4 | €49,263 | €33,917 | -€15,346 | -31.2% |
| Amounts payable within one year | 42/48 | €514,361 | €439,569 | -€74,792 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €37,428 | €15,346 | -€22,082 | -59.0% |
| Financial debts | 43 | €152,500 | €88,500 | -€64,000 | -42.0% |
| Credit institutions | 430/8 | €152,500 | €88,500 | -€64,000 | -42.0% |
| Trade debts | 44 | €233,533 | €272,795 | +€39,262 | +16.8% |
| Suppliers | 440/4 | €233,533 | €272,795 | +€39,262 | +16.8% |
| Taxes, remuneration and social security | 45 | €4,585 | €3,019 | -€1,565 | -34.1% |
| Taxes | 450/3 | €526 | €2,270 | +€1,744 | +332% |
| Remuneration and social security | 454/9 | €4,059 | €750 | -€3,309 | -81.5% |
| Other amounts payable | 47/48 | €86,315 | €59,908 | -€26,407 | -30.6% |
| Accrued charges and deferred income | 492/3 | €6,521 | €428 | -€6,094 | -93.4% |
| Remuneration, social security and pensions | 62 | €12,302 | €11,454 | -€848 | -6.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,446 | €42,215 | -€1,231 | -2.8% |
| Other operating charges | 640/8 | €7,193 | €5,721 | -€1,472 | -20.5% |
| Gross operating margin | 9900 | €101,530 | €105,520 | +€3,990 | +3.9% |
| Operating profit (loss) | 9901 | €38,589 | €46,130 | +€7,541 | +19.5% |
| Financial income | 75/76B | €175 | €66 | -€109 | -62.2% |
| Recurring financial income | 75 | €175 | €66 | -€109 | -62.2% |
| Financial charges | 65/66B | €18,723 | €17,257 | -€1,466 | -7.8% |
| Recurring financial charges | 65 | €18,723 | €17,257 | -€1,466 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €20,042 | €28,940 | +€8,898 | +44.4% |
| Income taxes | 67/77 | €2,693 | €4,053 | +€1,359 | +50.5% |
| Profit (loss) for the period | 9904 | €17,348 | €24,887 | +€7,539 | +43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,348 | €24,887 | +€7,539 | +43.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.