PAVEMMO: 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.
PAVEMMO
Largest movements
- Receivables after one year -€172,144
down €172,144 (-22.8%), from €755,372 to €583,228
- Receivables within one year +€22,649
up €22,649 (+5.4%), from €419,566 to €442,216
- Debts after one year -€117,112
down €117,112 (-18.7%), from €627,606 to €510,495
- Profit (loss) carried forward -€48,191
down €48,191 (-13.9%), from -€346,517 to -€394,708
- Financial charges +€9,015
up €9,015 (+19.6%), from €46,092 to €55,107
- Financial income -€7,644
down €7,644 (-25.1%), from €30,436 to €22,792
- Gross operating margin +€1,247
up €1,247 (+22.2%), from -€5,627 to -€4,380
- Other operating charges +€350
up €350 (+3.1%), from €11,146 to €11,496
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 | €1,186,598 | €1,037,942 | -€148,656 | -12.5% |
| Current assets | 29/58 | €1,186,598 | €1,037,942 | -€148,656 | -12.5% |
| Amounts receivable after more than one year | 29 | €755,372 | €583,228 | -€172,144 | -22.8% |
| Trade receivables | 290 | €755,372 | €583,228 | -€172,144 | -22.8% |
| Amounts receivable within one year | 40/41 | €419,566 | €442,216 | +€22,649 | +5.4% |
| Trade receivables | 40 | €419,566 | €442,216 | +€22,649 | +5.4% |
| Cash at bank and in hand | 54/58 | €11,661 | €12,499 | +€838 | +7.2% |
| Total equity and liabilities | 10/49 | €1,186,598 | €1,037,942 | -€148,656 | -12.5% |
| Equity | 10/15 | €170,893 | €122,702 | -€48,191 | -28.2% |
| Contributions | 10/11 | €517,387 | €517,387 | = | 0.0% |
| Reserves | 13 | €24 | €24 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €24 | €24 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€346,517 | -€394,708 | -€48,191 | -13.9% |
| Amounts payable | 17/49 | €1,015,705 | €915,240 | -€100,465 | -9.9% |
| Amounts payable after more than one year | 17 | €627,606 | €510,495 | -€117,112 | -18.7% |
| Financial debts | 170/4 | €627,606 | €510,495 | -€117,112 | -18.7% |
| Amounts payable within one year | 42/48 | €374,134 | €387,399 | +€13,265 | +3.5% |
| Current portion of amounts payable after more than one year | 42 | €112,569 | €117,112 | +€4,543 | +4.0% |
| Trade debts | 44 | €6,234 | €5,506 | -€728 | -11.7% |
| Suppliers | 440/4 | €6,234 | €5,506 | -€728 | -11.7% |
| Taxes, remuneration and social security | 45 | €3,704 | €3,380 | -€325 | -8.8% |
| Taxes | 450/3 | €3,704 | €3,380 | -€325 | -8.8% |
| Other amounts payable | 47/48 | €251,626 | €261,401 | +€9,776 | +3.9% |
| Accrued charges and deferred income | 492/3 | €13,965 | €17,346 | +€3,381 | +24.2% |
| Other operating charges | 640/8 | €11,146 | €11,496 | +€350 | +3.1% |
| Gross operating margin | 9900 | -€5,627 | -€4,380 | +€1,247 | +22.2% |
| Operating profit (loss) | 9901 | -€16,773 | -€15,876 | +€897 | +5.3% |
| Financial income | 75/76B | €30,436 | €22,792 | -€7,644 | -25.1% |
| Recurring financial income | 75 | €30,436 | €22,792 | -€7,644 | -25.1% |
| Financial charges | 65/66B | €46,092 | €55,107 | +€9,015 | +19.6% |
| Recurring financial charges | 65 | €46,092 | €55,107 | +€9,015 | +19.6% |
| Profit (loss) for the period before taxes | 9903 | -€32,429 | -€48,191 | -€15,761 | -48.6% |
| Profit (loss) for the period | 9904 | -€32,429 | -€48,191 | -€15,761 | -48.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,429 | -€48,191 | -€15,761 | -48.6% |
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 21 October 2026 via checked.be.