Pave: what changed
Two fiscal 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.
Pave
Largest movements
- Tangible fixed assets -€6,761
down €6,761 (-4.9%), from €138,011 to €131,250
- Receivables within one year -€5,448
down €5,448 (-8.6%), from €63,264 to €57,816
- Other debts -€15,232
down €15,232 (-76.9%), from €19,816 to €4,584
- Reserves +€2,868
up €2,868 (+1.7%), from €171,631 to €174,499
of which Distributable reserves: +€2,868
- Taxes +€196
up €196 (+23.1%), from €848 to €1,044
- Financial charges -€141
down €141 (-91.2%), from €154 to €14
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 | €203,200 | €191,031 | -€12,169 | -6.0% |
| Fixed assets | 21/28 | €138,011 | €131,250 | -€6,761 | -4.9% |
| Tangible fixed assets | 22/27 | €138,011 | €131,250 | -€6,761 | -4.9% |
| Land and buildings | 22 | €138,011 | €131,250 | -€6,761 | -4.9% |
| Current assets | 29/58 | €65,189 | €59,781 | -€5,408 | -8.3% |
| Amounts receivable within one year | 40/41 | €63,264 | €57,816 | -€5,448 | -8.6% |
| Other amounts receivable | 41 | €63,264 | €57,816 | -€5,448 | -8.6% |
| Cash at bank and in hand | 54/58 | €246 | €232 | -€14 | -5.6% |
| Deferred charges and accrued income | 490/1 | €1,679 | €1,733 | +€53 | +3.2% |
| Total equity and liabilities | 10/49 | €203,200 | €191,031 | -€12,169 | -6.0% |
| Equity | 10/15 | €180,976 | €183,843 | +€2,868 | +1.6% |
| Contributions | 10/11 | €9,345 | €9,345 | = | 0.0% |
| Reserves | 13 | €171,631 | €174,499 | +€2,868 | +1.7% |
| Non-distributable reserves | 130/1 | €934 | €934 | = | 0.0% |
| Reserves not available under the articles | 1311 | €934 | €934 | = | 0.0% |
| Distributable reserves | 133 | €170,696 | €173,564 | +€2,868 | +1.7% |
| Amounts payable | 17/49 | €22,224 | €7,188 | -€15,037 | -67.7% |
| Amounts payable within one year | 42/48 | €20,664 | €5,628 | -€15,037 | -72.8% |
| Taxes, remuneration and social security | 45 | €848 | €1,044 | +€196 | +23.1% |
| Taxes | 450/3 | €848 | €1,044 | +€196 | +23.1% |
| Other amounts payable | 47/48 | €19,816 | €4,584 | -€15,232 | -76.9% |
| Accrued charges and deferred income | 492/3 | €1,560 | €1,560 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,761 | €6,761 | = | 0.0% |
| Other operating charges | 640/8 | €2,586 | €2,663 | +€77 | +3.0% |
| Gross operating margin | 9900 | €13,393 | €13,349 | -€43 | -0.3% |
| Operating profit (loss) | 9901 | €4,045 | €3,925 | -€120 | -3.0% |
| Financial charges | 65/66B | €154 | €14 | -€141 | -91.2% |
| Recurring financial charges | 65 | €154 | €14 | -€141 | -91.2% |
| Profit (loss) for the period before taxes | 9903 | €3,891 | €3,912 | +€21 | +0.5% |
| Income taxes | 67/77 | €848 | €1,044 | +€196 | +23.1% |
| Profit (loss) for the period | 9904 | €3,043 | €2,868 | -€175 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,043 | €2,868 | -€175 | -5.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.