PAVATRANS: 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.
PAVATRANS
Largest movements
- Tangible fixed assets -€11,750
down €11,750 (-18.3%), from €64,126 to €52,376
of which Leasing and similar rights: -€5,942
- Receivables within one year +€2,636
up €2,636 (+7.1%), from €36,953 to €39,589
of which Other amounts receivable: +€7,577
- Other debts -€19,546
no longer reported in 2025 (was €19,546)
- Short-term financial debts +€18,981
new in 2025: €18,981
- Debts after one year -€18,973
down €18,973 (-34.0%), from €55,726 to €36,752
- Profit (loss) carried forward +€10,672
up €10,672 (+25.8%), from -€41,298 to -€30,627
- Current portion of long-term debt -€1,339
down €1,339 (-6.3%), from €21,371 to €20,032
- Gross operating margin +€18,227
up €18,227 (+178.0%), from €10,241 to €28,468
- Other operating charges -€2,903
down €2,903 (-74.9%), from €3,879 to €975
- Financial charges +€1,317
up €1,317 (+35.0%), from €3,769 to €5,086
- Depreciation +€1,209
up €1,209 (+11.5%), from €10,542 to €11,750
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 | €101,687 | €91,965 | -€9,722 | -9.6% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €64,126 | €52,376 | -€11,750 | -18.3% |
| Tangible fixed assets | 22/27 | €64,126 | €52,376 | -€11,750 | -18.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €48,537 | €43,084 | -€5,454 | -11.2% |
| Leasing and similar rights | 25 | €14,880 | €8,938 | -€5,942 | -39.9% |
| Other tangible fixed assets | 26 | €708 | €354 | -€354 | -50.0% |
| Current assets | 29/58 | €37,561 | €39,589 | +€2,028 | +5.4% |
| Amounts receivable within one year | 40/41 | €36,953 | €39,589 | +€2,636 | +7.1% |
| Trade receivables | 40 | €11,649 | €6,708 | -€4,941 | -42.4% |
| Other amounts receivable | 41 | €25,304 | €32,881 | +€7,577 | +29.9% |
| Cash at bank and in hand | 54/58 | €0 | €0 | = | |
| Deferred charges and accrued income | 490/1 | €607 | - | -€607 | |
| Total equity and liabilities | 10/49 | €101,687 | €91,965 | -€9,722 | -9.6% |
| Equity | 10/15 | €685 | €11,357 | +€10,672 | +1557.2% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €11,983 | €11,983 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,000 | €11,000 | = | 0.0% |
| Distributable reserves | 133 | €983 | €983 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,298 | -€30,627 | +€10,672 | +25.8% |
| Amounts payable | 17/49 | €101,001 | €80,608 | -€20,393 | -20.2% |
| Amounts payable after more than one year | 17 | €55,726 | €36,752 | -€18,973 | -34.0% |
| Financial debts | 170/4 | €55,726 | €36,752 | -€18,973 | -34.0% |
| Amounts payable within one year | 42/48 | €45,276 | €43,856 | -€1,420 | -3.1% |
| Current portion of amounts payable after more than one year | 42 | €21,371 | €20,032 | -€1,339 | -6.3% |
| Financial debts | 43 | - | €18,981 | +€18,981 | |
| Credit institutions | 430/8 | - | €18,981 | +€18,981 | |
| Trade debts | 44 | €1,946 | €1,694 | -€252 | -13.0% |
| Suppliers | 440/4 | €1,946 | €1,694 | -€252 | -13.0% |
| Taxes, remuneration and social security | 45 | €2,413 | €3,148 | +€735 | +30.5% |
| Taxes | 450/3 | €2,413 | €3,148 | +€735 | +30.5% |
| Other amounts payable | 47/48 | €19,546 | - | -€19,546 | |
| Non-recurring operating income | 76A | €1,000 | - | -€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,542 | €11,750 | +€1,209 | +11.5% |
| Other operating charges | 640/8 | €3,879 | €975 | -€2,903 | -74.9% |
| Gross operating margin | 9900 | €10,241 | €28,468 | +€18,227 | +178.0% |
| Operating profit (loss) | 9901 | -€4,180 | €15,742 | +€19,922 | |
| Financial income | 75/76B | €0 | €15 | +€15 | +38600.0% |
| Recurring financial income | 75 | €0 | €15 | +€15 | +38600.0% |
| Financial charges | 65/66B | €3,769 | €5,086 | +€1,317 | +35.0% |
| Recurring financial charges | 65 | €3,769 | €5,086 | +€1,317 | +35.0% |
| Profit (loss) for the period before taxes | 9903 | -€7,948 | €10,672 | +€18,620 | |
| Profit (loss) for the period | 9904 | -€7,948 | €10,672 | +€18,620 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,948 | €10,672 | +€18,620 |
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 12 October 2026 via checked.be.