PAVARAN: 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.
PAVARAN
Largest movements
- Stocks and contracts -€21,000
down €21,000 (-100%), from €21,000 to €0
- Tangible fixed assets -€17,584
down €17,584 (-74.5%), from €23,587 to €6,003
of which Furniture and vehicles: -€15,769
- Cash +€4,926
up €4,926 (+5.4%), from €91,978 to €96,904
mainly Depreciation (+€24,495) and Stocks and contracts (+€21,000)
- Receivables within one year +€3,544
up €3,544 (+148%), from €2,402 to €5,945
- Profit (loss) carried forward -€24,188
down €24,188 (-73.4%), from €32,973 to €8,785
- Other debts -€6,481
down €6,481 (-100%), from €6,481 to €0
- Tax, wage and social debts +€1,935
new in 2025: €1,935
- Financial charges +€20,947
up €20,947 (+13,520%), from €155 to €21,102
of which Non-recurring financial charges: +€21,000
- Depreciation +€8,929
up €8,929 (+57.4%), from €15,566 to €24,495
- Taxes -€2,282
down €2,282 (-94.3%), from €2,420 to €138
- Gross operating margin +€1,509
up €1,509 (+7.5%), from €20,043 to €21,553
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 | €191,384 | €161,254 | -€30,129 | -15.7% |
| Fixed assets | 21/28 | €23,587 | €6,003 | -€17,584 | -74.5% |
| Tangible fixed assets | 22/27 | €23,587 | €6,003 | -€17,584 | -74.5% |
| Plant, machinery and equipment | 23 | €1,815 | €0 | -€1,815 | -100% |
| Furniture and vehicles | 24 | €21,772 | €6,003 | -€15,769 | -72.4% |
| Current assets | 29/58 | €167,796 | €155,251 | -€12,545 | -7.5% |
| Stocks and contracts in progress | 3 | €21,000 | €0 | -€21,000 | -100% |
| Stocks | 30/36 | €21,000 | €0 | -€21,000 | -100% |
| Amounts receivable within one year | 40/41 | €2,402 | €5,945 | +€3,544 | +148% |
| Other amounts receivable | 41 | €2,402 | €5,945 | +€3,544 | +148% |
| Current investments | 50/53 | €52,163 | €52,163 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €91,978 | €96,904 | +€4,926 | +5.4% |
| Deferred charges and accrued income | 490/1 | €254 | €239 | -€15 | -5.9% |
| Total equity and liabilities | 10/49 | €191,384 | €161,254 | -€30,129 | -15.7% |
| Equity | 10/15 | €182,508 | €158,320 | -€24,188 | -13.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €130,935 | €130,935 | = | 0.0% |
| Distributable reserves | 133 | €130,935 | €130,935 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,973 | €8,785 | -€24,188 | -73.4% |
| Amounts payable | 17/49 | €8,876 | €2,935 | -€5,941 | -66.9% |
| Amounts payable within one year | 42/48 | €8,876 | €2,935 | -€5,941 | -66.9% |
| Trade debts | 44 | €2,395 | €1,000 | -€1,396 | -58.3% |
| Suppliers | 440/4 | €2,395 | €1,000 | -€1,396 | -58.3% |
| Taxes, remuneration and social security | 45 | - | €1,935 | +€1,935 | |
| Taxes | 450/3 | - | €1,935 | +€1,935 | |
| Other amounts payable | 47/48 | €6,481 | €0 | -€6,481 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,566 | €24,495 | +€8,929 | +57.4% |
| Other operating charges | 640/8 | €279 | €98 | -€181 | -64.8% |
| Gross operating margin | 9900 | €20,043 | €21,553 | +€1,509 | +7.5% |
| Operating profit (loss) | 9901 | €4,198 | -€3,040 | -€7,238 | |
| Financial income | 75/76B | €0 | €92 | +€92 | +184,260% |
| Recurring financial income | 75 | €0 | €92 | +€92 | +184,260% |
| Financial charges | 65/66B | €155 | €21,102 | +€20,947 | +13,520% |
| Recurring financial charges | 65 | €155 | €102 | -€53 | -34.1% |
| Non-recurring financial charges | 66B | - | €21,000 | +€21,000 | |
| Profit (loss) for the period before taxes | 9903 | €4,043 | -€24,050 | -€28,093 | |
| Income taxes | 67/77 | €2,420 | €138 | -€2,282 | -94.3% |
| Profit (loss) for the period | 9904 | €1,623 | -€24,188 | -€25,811 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,623 | -€24,188 | -€25,811 |
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 15 October 2026 via checked.be.