PAVARI CONSULT: 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.
PAVARI CONSULT
Largest movements
- Cash +€92,950
up €92,950 (+65.4%), from €142,042 to €234,992
mainly Trade debts (+€70,806) and Investment in fixed assets (net) (+€48,258)
- Tangible fixed assets -€74,521
down €74,521 (-48.7%), from €153,111 to €78,590
of which Leasing and similar rights: -€48,258
- Deferred charges and accrued income +€63,880
up €63,880 (+907%), from €7,043 to €70,923
- Receivables within one year +€10,923
up €10,923 (+33.0%), from €33,074 to €43,996
of which Trade receivables: +€19,195
- Trade debts +€70,806
up €70,806 (+1,639%), from €4,321 to €75,127
- Reserves +€48,233
up €48,233 (+19.3%), from €249,350 to €297,583
- Debts after one year -€34,045
down €34,045 (-100%), from €34,045 to €0
- Tax, wage and social debts +€24,909
up €24,909 (+127%), from €19,554 to €44,462
of which Taxes: +€24,909
- Current portion of long-term debt -€17,468
down €17,468 (-100%), from €17,468 to €0
- Gross operating margin +€21,198
up €21,198 (+20.1%), from €105,600 to €126,798
- Depreciation -€17,693
down €17,693 (-40.3%), from €43,956 to €26,263
- Taxes +€2,070
up €2,070 (+7.5%), from €27,641 to €29,710
- Financial charges +€1,933
up €1,933 (+24.9%), from €7,766 to €9,699
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €335,270 | €428,501 | +€93,232 | +27.8% |
| Fixed assets | 21/28 | €153,111 | €78,590 | -€74,521 | -48.7% |
| Tangible fixed assets | 22/27 | €153,111 | €78,590 | -€74,521 | -48.7% |
| Plant, machinery and equipment | 23 | €9,876 | €5,994 | -€3,881 | -39.3% |
| Furniture and vehicles | 24 | €30,534 | €17,477 | -€13,057 | -42.8% |
| Leasing and similar rights | 25 | €48,258 | €0 | -€48,258 | -100% |
| Other tangible fixed assets | 26 | €64,443 | €55,119 | -€9,325 | -14.5% |
| Current assets | 29/58 | €182,159 | €349,911 | +€167,752 | +92.1% |
| Amounts receivable within one year | 40/41 | €33,074 | €43,996 | +€10,923 | +33.0% |
| Trade receivables | 40 | €24,464 | €43,659 | +€19,195 | +78.5% |
| Other amounts receivable | 41 | €8,610 | €337 | -€8,272 | -96.1% |
| Cash at bank and in hand | 54/58 | €142,042 | €234,992 | +€92,950 | +65.4% |
| Deferred charges and accrued income | 490/1 | €7,043 | €70,923 | +€63,880 | +907% |
| Total equity and liabilities | 10/49 | €335,270 | €428,501 | +€93,232 | +27.8% |
| Equity | 10/15 | €259,350 | €307,583 | +€48,233 | +18.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €249,350 | €297,583 | +€48,233 | +19.3% |
| Distributable reserves | 133 | €249,350 | €297,583 | +€48,233 | +19.3% |
| Amounts payable | 17/49 | €75,920 | €120,919 | +€44,999 | +59.3% |
| Amounts payable after more than one year | 17 | €34,045 | €0 | -€34,045 | -100% |
| Financial debts | 170/4 | €34,045 | €0 | -€34,045 | -100% |
| Amounts payable within one year | 42/48 | €41,505 | €120,199 | +€78,694 | +190% |
| Current portion of amounts payable after more than one year | 42 | €17,468 | €0 | -€17,468 | -100% |
| Trade debts | 44 | €4,321 | €75,127 | +€70,806 | +1,639% |
| Suppliers | 440/4 | €4,321 | €75,127 | +€70,806 | +1,639% |
| Taxes, remuneration and social security | 45 | €19,554 | €44,462 | +€24,909 | +127% |
| Taxes | 450/3 | €19,554 | €44,462 | +€24,909 | +127% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €162 | €609 | +€447 | +276% |
| Accrued charges and deferred income | 492/3 | €370 | €720 | +€350 | +94.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,956 | €26,263 | -€17,693 | -40.3% |
| Other operating charges | 640/8 | €12,584 | €12,893 | +€309 | +2.5% |
| Gross operating margin | 9900 | €105,600 | €126,798 | +€21,198 | +20.1% |
| Operating profit (loss) | 9901 | €49,060 | €87,642 | +€38,582 | +78.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €7,766 | €9,699 | +€1,933 | +24.9% |
| Recurring financial charges | 65 | €7,766 | €9,699 | +€1,933 | +24.9% |
| Profit (loss) for the period before taxes | 9903 | €41,294 | €77,943 | +€36,649 | +88.8% |
| Income taxes | 67/77 | €27,641 | €29,710 | +€2,070 | +7.5% |
| Profit (loss) for the period | 9904 | €13,654 | €48,233 | +€34,579 | +253% |
| Profit (loss) for the period to be appropriated | 9905 | €13,654 | €48,233 | +€34,579 | +253% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.