PAVERDE: 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.
PAVERDE
Largest movements
- Cash +€5,133
up €5,133 (+300.0%), from €1,711 to €6,844
mainly Other debts (+€12,753) and Net result for the year (+€1,299)
- Other debts +€12,753
up €12,753 (+27.7%), from €46,001 to €58,754
- Debts after one year -€9,109
no longer reported in 2025 (was €9,109)
- Financial charges +€1,232
up €1,232 (+42.6%), from €2,895 to €4,127
- Other operating charges -€457
down €457 (-20.0%), from €2,284 to €1,827
- Taxes +€426
new in 2025: €426
- Gross operating margin +€284
up €284 (+3.6%), from €7,941 to €8,225
- Depreciation -€229
down €229 (-29.6%), from €775 to €546
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 | €186,205 | €190,998 | +€4,793 | +2.6% |
| Fixed assets | 21/28 | €184,495 | €183,949 | -€546 | -0.3% |
| Tangible fixed assets | 22/27 | €184,495 | €183,949 | -€546 | -0.3% |
| Land and buildings | 22 | €184,495 | €183,949 | -€546 | -0.3% |
| Current assets | 29/58 | €1,711 | €7,049 | +€5,338 | +312.0% |
| Cash at bank and in hand | 54/58 | €1,711 | €6,844 | +€5,133 | +300.0% |
| Deferred charges and accrued income | 490/1 | - | €205 | +€205 | |
| Total equity and liabilities | 10/49 | €186,205 | €190,998 | +€4,793 | +2.6% |
| Equity | 10/15 | €117,635 | €118,933 | +€1,299 | +1.1% |
| Contributions | 10/11 | €25,400 | €25,400 | = | 0.0% |
| Reserves | 13 | €92,693 | €93,533 | +€841 | +0.9% |
| Non-distributable reserves | 130/1 | €10,158 | €10,158 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,158 | €10,158 | = | 0.0% |
| Distributable reserves | 133 | €82,535 | €83,375 | +€841 | +1.0% |
| Profit (loss) carried forward | 14 | -€458 | - | +€458 | |
| Amounts payable | 17/49 | €68,571 | €72,065 | +€3,494 | +5.1% |
| Amounts payable after more than one year | 17 | €9,109 | - | -€9,109 | |
| Financial debts | 170/4 | €9,109 | - | -€9,109 | |
| Amounts payable within one year | 42/48 | €56,736 | €68,289 | +€11,553 | +20.4% |
| Current portion of amounts payable after more than one year | 42 | €10,735 | €9,109 | -€1,626 | -15.1% |
| Taxes, remuneration and social security | 45 | - | €426 | +€426 | |
| Taxes | 450/3 | - | €426 | +€426 | |
| Other amounts payable | 47/48 | €46,001 | €58,754 | +€12,753 | +27.7% |
| Accrued charges and deferred income | 492/3 | €2,725 | €3,775 | +€1,050 | +38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €775 | €546 | -€229 | -29.6% |
| Other operating charges | 640/8 | €2,284 | €1,827 | -€457 | -20.0% |
| Gross operating margin | 9900 | €7,941 | €8,225 | +€284 | +3.6% |
| Operating profit (loss) | 9901 | €4,882 | €5,852 | +€970 | +19.9% |
| Financial charges | 65/66B | €2,895 | €4,127 | +€1,232 | +42.6% |
| Recurring financial charges | 65 | €2,895 | €4,127 | +€1,232 | +42.6% |
| Profit (loss) for the period before taxes | 9903 | €1,987 | €1,725 | -€262 | -13.2% |
| Income taxes | 67/77 | - | €426 | +€426 | |
| Profit (loss) for the period | 9904 | €1,987 | €1,299 | -€689 | -34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,987 | €1,299 | -€689 | -34.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.