Pavé Immo: 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.
Pavé Immo
Largest movements
- Receivables within one year -€14,086
down €14,086 (-92.0%), from €15,305 to €1,219
of which Other amounts receivable: -€13,813
- Tangible fixed assets -€2,341
down €2,341 (-3.9%), from €59,380 to €57,039
of which Furniture and vehicles: -€1,921
- Other debts -€17,430
down €17,430 (-7.2%), from €243,549 to €226,118
- Trade debts -€3,063
down €3,063 (-81.0%), from €3,783 to €720
- Profit (loss) carried forward +€2,534
up €2,534 (+5.2%), from -€48,604 to -€46,070
- Gross operating margin -€3,828
down €3,828 (-36.8%), from €10,402 to €6,574
- Depreciation +€1,006
up €1,006 (+75.4%), from €1,334 to €2,341
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 | €217,327 | €199,474 | -€17,853 | -8.2% |
| Formation expenses | 20 | €6,250 | €6,250 | = | 0.0% |
| Fixed assets | 21/28 | €59,380 | €57,039 | -€2,341 | -3.9% |
| Tangible fixed assets | 22/27 | €59,380 | €57,039 | -€2,341 | -3.9% |
| Land and buildings | 22 | €50,000 | €50,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €661 | €495 | -€165 | -25.0% |
| Furniture and vehicles | 24 | €6,997 | €5,076 | -€1,921 | -27.5% |
| Other tangible fixed assets | 26 | €1,722 | €1,468 | -€255 | -14.8% |
| Current assets | 29/58 | €151,697 | €136,185 | -€15,512 | -10.2% |
| Stocks and contracts in progress | 3 | €100,339 | €100,339 | = | 0.0% |
| Stocks | 30/36 | €100,339 | €100,339 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,305 | €1,219 | -€14,086 | -92.0% |
| Trade receivables | 40 | €1,341 | €1,068 | -€273 | -20.4% |
| Other amounts receivable | 41 | €13,963 | €151 | -€13,813 | -98.9% |
| Cash at bank and in hand | 54/58 | €35,934 | €34,504 | -€1,431 | -4.0% |
| Deferred charges and accrued income | 490/1 | €120 | €124 | +€4 | +3.6% |
| Total equity and liabilities | 10/49 | €217,327 | €199,474 | -€17,853 | -8.2% |
| Equity | 10/15 | -€30,004 | -€27,470 | +€2,534 | +8.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,604 | -€46,070 | +€2,534 | +5.2% |
| Amounts payable | 17/49 | €247,331 | €226,944 | -€20,387 | -8.2% |
| Amounts payable within one year | 42/48 | €247,331 | €226,944 | -€20,387 | -8.2% |
| Trade debts | 44 | €3,783 | €720 | -€3,063 | -81.0% |
| Suppliers | 440/4 | €3,783 | €720 | -€3,063 | -81.0% |
| Taxes, remuneration and social security | 45 | - | €106 | +€106 | |
| Taxes | 450/3 | - | €106 | +€106 | |
| Other amounts payable | 47/48 | €243,549 | €226,118 | -€17,430 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,334 | €2,341 | +€1,006 | +75.4% |
| Other operating charges | 640/8 | €1,666 | €1,761 | +€95 | +5.7% |
| Gross operating margin | 9900 | €10,402 | €6,574 | -€3,828 | -36.8% |
| Operating profit (loss) | 9901 | €7,401 | €2,473 | -€4,929 | -66.6% |
| Financial income | 75/76B | €161 | €121 | -€40 | -24.9% |
| Recurring financial income | 75 | €161 | €121 | -€40 | -24.9% |
| Financial charges | 65/66B | €58 | €59 | +€1 | +2.5% |
| Recurring financial charges | 65 | €58 | €59 | +€1 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €7,504 | €2,534 | -€4,970 | -66.2% |
| Profit (loss) for the period | 9904 | €7,504 | €2,534 | -€4,970 | -66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €7,504 | €2,534 | -€4,970 | -66.2% |
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 7 October 2026 via checked.be.