PAVER: 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.
PAVER
Largest movements
- Receivables within one year +€128,125
up €128,125 (+28.7%), from €446,441 to €574,566
of which Trade receivables: +€132,560
- Cash +€31,075
up €31,075 (+69.9%), from €44,445 to €75,520
mainly Trade debts (+€209,753) and Depreciation (+€48,121)
- Tangible fixed assets -€12,122
down €12,122 (-10.4%), from €116,562 to €104,440
of which Leasing and similar rights: -€18,997
- Trade debts +€209,753
up €209,753 (+471.4%), from €44,496 to €254,249
- Accrued charges and deferred income -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Profit (loss) carried forward +€34,385
up €34,385 (+11.9%), from €289,777 to €324,162
- Debts after one year -€19,622
down €19,622 (-50.6%), from €38,758 to €19,136
- Current portion of long-term debt -€14,763
down €14,763 (-41.2%), from €35,857 to €21,094
- Gross operating margin -€244,901
down €244,901 (-24.6%), from €994,246 to €749,346
- Taxes -€53,750
down €53,750 (-79.3%), from €67,774 to €14,025
- Staff costs -€13,699
down €13,699 (-2.1%), from €647,838 to €634,139
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 | €609,610 | €767,451 | +€157,841 | +25.9% |
| Fixed assets | 21/28 | €116,562 | €109,418 | -€7,144 | -6.1% |
| Tangible fixed assets | 22/27 | €116,562 | €104,440 | -€12,122 | -10.4% |
| Plant, machinery and equipment | 23 | €29,825 | €37,717 | +€7,893 | +26.5% |
| Furniture and vehicles | 24 | €29,961 | €28,943 | -€1,018 | -3.4% |
| Leasing and similar rights | 25 | €56,777 | €37,780 | -€18,997 | -33.5% |
| Financial fixed assets | 28 | - | €4,978 | +€4,978 | |
| Current assets | 29/58 | €493,048 | €658,033 | +€164,985 | +33.5% |
| Amounts receivable within one year | 40/41 | €446,441 | €574,566 | +€128,125 | +28.7% |
| Trade receivables | 40 | €246,794 | €379,354 | +€132,560 | +53.7% |
| Other amounts receivable | 41 | €199,647 | €195,212 | -€4,435 | -2.2% |
| Cash at bank and in hand | 54/58 | €44,445 | €75,520 | +€31,075 | +69.9% |
| Deferred charges and accrued income | 490/1 | €2,162 | €7,947 | +€5,784 | +267.5% |
| Total equity and liabilities | 10/49 | €609,610 | €767,451 | +€157,841 | +25.9% |
| Equity | 10/15 | €329,777 | €364,162 | +€34,385 | +10.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €30,000 | €30,000 | = | 0.0% |
| Distributable reserves | 133 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €289,777 | €324,162 | +€34,385 | +11.9% |
| Amounts payable | 17/49 | €279,834 | €403,289 | +€123,456 | +44.1% |
| Amounts payable after more than one year | 17 | €38,758 | €19,136 | -€19,622 | -50.6% |
| Financial debts | 170/4 | €38,758 | €19,136 | -€19,622 | -50.6% |
| Amounts payable within one year | 42/48 | €191,076 | €384,153 | +€193,078 | +101.0% |
| Current portion of amounts payable after more than one year | 42 | €35,857 | €21,094 | -€14,763 | -41.2% |
| Trade debts | 44 | €44,496 | €254,249 | +€209,753 | +471.4% |
| Suppliers | 440/4 | €44,496 | €254,249 | +€209,753 | +471.4% |
| Taxes, remuneration and social security | 45 | €110,723 | €108,810 | -€1,913 | -1.7% |
| Taxes | 450/3 | €73,654 | €84,808 | +€11,154 | +15.1% |
| Remuneration and social security | 454/9 | €37,068 | €24,001 | -€13,067 | -35.3% |
| Accrued charges and deferred income | 492/3 | €50,000 | €0 | -€50,000 | -100.0% |
| Non-recurring operating income | 76A | €5,205 | - | -€5,205 | |
| Remuneration, social security and pensions | 62 | €647,838 | €634,139 | -€13,699 | -2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,271 | €48,121 | +€7,850 | +19.5% |
| Other operating charges | 640/8 | €2,040 | €9,697 | +€7,656 | +375.3% |
| Gross operating margin | 9900 | €994,246 | €749,346 | -€244,901 | -24.6% |
| Operating profit (loss) | 9901 | €304,097 | €57,389 | -€246,708 | -81.1% |
| Financial income | 75/76B | €1,427 | €411 | -€1,016 | -71.2% |
| Recurring financial income | 75 | €1,427 | €411 | -€1,016 | -71.2% |
| Financial charges | 65/66B | €6,176 | €9,390 | +€3,214 | +52.0% |
| Recurring financial charges | 65 | €6,176 | €9,390 | +€3,214 | +52.0% |
| Profit (loss) for the period before taxes | 9903 | €299,348 | €48,410 | -€250,938 | -83.8% |
| Income taxes | 67/77 | €67,774 | €14,025 | -€53,750 | -79.3% |
| Profit (loss) for the period | 9904 | €231,574 | €34,385 | -€197,189 | -85.2% |
| Profit (loss) for the period to be appropriated | 9905 | €231,574 | €34,385 | -€197,189 | -85.2% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.