Paven: 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.
Paven
Largest movements
- Receivables within one year +€24,987
up €24,987 (+1067.1%), from €2,341 to €27,328
of which Trade receivables: +€22,809
- Cash -€12,138
down €12,138 (-19.0%), from €63,958 to €51,820
mainly Receivables within one year (-€24,987) and Investment in fixed assets (net) (-€3,607)
- Tangible fixed assets -€1,234
down €1,234 (-14.5%), from €8,504 to €7,270
of which Furniture and vehicles: -€4,618
- Profit (loss) carried forward +€7,517
up €7,517 (+11.8%), from €63,445 to €70,962
- Other debts +€3,546
up €3,546 (+144.7%), from €2,451 to €5,997
- Tax, wage and social debts +€935
up €935 (+15.7%), from €5,947 to €6,882
- Gross operating margin -€20,138
down €20,138 (-54.3%), from €37,083 to €16,946
- Taxes -€4,678
down €4,678 (-61.1%), from €7,659 to €2,980
- Financial charges +€1,075
up €1,075 (+1807.6%), from €59 to €1,134
- Depreciation +€866
up €866 (+21.8%), from €3,975 to €4,841
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 | €74,804 | €86,418 | +€11,614 | +15.5% |
| Fixed assets | 21/28 | €8,504 | €7,270 | -€1,234 | -14.5% |
| Tangible fixed assets | 22/27 | €8,504 | €7,270 | -€1,234 | -14.5% |
| Land and buildings | 22 | - | €3,384 | +€3,384 | |
| Furniture and vehicles | 24 | €8,504 | €3,886 | -€4,618 | -54.3% |
| Current assets | 29/58 | €66,299 | €79,148 | +€12,848 | +19.4% |
| Amounts receivable within one year | 40/41 | €2,341 | €27,328 | +€24,987 | +1067.1% |
| Trade receivables | 40 | - | €22,809 | +€22,809 | |
| Other amounts receivable | 41 | €2,341 | €4,520 | +€2,178 | +93.0% |
| Cash at bank and in hand | 54/58 | €63,958 | €51,820 | -€12,138 | -19.0% |
| Total equity and liabilities | 10/49 | €74,804 | €86,418 | +€11,614 | +15.5% |
| Equity | 10/15 | €65,445 | €72,962 | +€7,517 | +11.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,445 | €70,962 | +€7,517 | +11.8% |
| Amounts payable | 17/49 | €9,359 | €13,456 | +€4,097 | +43.8% |
| Amounts payable within one year | 42/48 | €9,359 | €13,456 | +€4,097 | +43.8% |
| Trade debts | 44 | €961 | €577 | -€384 | -40.0% |
| Suppliers | 440/4 | €961 | €577 | -€384 | -40.0% |
| Taxes, remuneration and social security | 45 | €5,947 | €6,882 | +€935 | +15.7% |
| Taxes | 450/3 | €5,947 | €6,882 | +€935 | +15.7% |
| Other amounts payable | 47/48 | €2,451 | €5,997 | +€3,546 | +144.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,975 | €4,841 | +€866 | +21.8% |
| Other operating charges | 640/8 | €459 | €473 | +€14 | +3.0% |
| Gross operating margin | 9900 | €37,083 | €16,946 | -€20,138 | -54.3% |
| Operating profit (loss) | 9901 | €32,649 | €11,632 | -€21,018 | -64.4% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €59 | €1,134 | +€1,075 | +1807.6% |
| Recurring financial charges | 65 | €59 | €1,134 | +€1,075 | +1807.6% |
| Profit (loss) for the period before taxes | 9903 | €32,595 | €10,497 | -€22,098 | -67.8% |
| Income taxes | 67/77 | €7,659 | €2,980 | -€4,678 | -61.1% |
| Profit (loss) for the period | 9904 | €24,936 | €7,517 | -€17,419 | -69.9% |
| Profit (loss) for the period to be appropriated | 9905 | €24,936 | €7,517 | -€17,419 | -69.9% |
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.