PAVERLO: 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.
What changed
PAVERLO
fiscal year 2023 against 2024filed annual accounts (NBB)
Net result for the year
-€15,850
2023 · -€359,239+€343,389
Equity
€2.8m
2023 · €2.8m-€15,850
Cash
€3,537
2023 · €6,821-€3,284
Balance sheet total
€7.4m
2023 · €7.3m+€79,229
Largest movements
Assets
- Receivables within one year +€121,701
up €121,701 (+3.7%), from €3.3m to €3.4m
of which Other amounts receivable: +€120,701
Equity and liabilities
- Debts after one year +€81,757
up €81,757 (+2.0%), from €4.2m to €4.3m
Income statement
- Write-downs -€360,749
down €360,749 (-83.6%), from €431,367 to €70,617
- Gross operating margin -€12,497
down €12,497 (-20.2%), from €61,829 to €49,331
- Financial charges +€4,101
up €4,101 (+6.9%), from €59,629 to €63,730
- Other operating charges +€1,966
up €1,966 (+9.5%), from €20,630 to €22,596
- Financial income +€1,415
up €1,415 (+1.2%), from €121,310 to €122,726
From the 2023 result to the 2024 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.
Result 2023
-€359,239
Gross operating margin
-€12,497
Staff costs
+€333
Depreciation
-€627
Write-downs
+€360,749
Other operating charges
-€1,966
Financial income
+€1,415
Financial charges
-€4,101
Deferred taxes and other
+€83
Result 2024
-€15,850
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€74,587
Investment
-€10,455
Financing
+€81,757
Cash 2023
€6,821
From operations (derived)
-€74,587
Net result for the year
-€15,850
Depreciation
+€37,722
Receivables after one year
+€13,587
Receivables within one year
-€121,701
Deferred charges and accrued income
-€1,667
Provisions
-€6,616
Trade debts
+€502
Tax, wage and social debts
+€4,500
Other debts
+€7,648
Accrued charges and deferred income
+€7,288
Investment (derived)
-€10,455
Investment in fixed assets (net)
-€10,455
Financing
+€81,757
Debts after one year
+€81,757
Cash 2024
€3,537
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,285,611 | €7,364,840 | +€79,229 | +1.1% |
| Fixed assets | 21/28 | €1,416,620 | €1,389,353 | -€27,268 | -1.9% |
| Tangible fixed assets | 22/27 | €1,414,265 | €1,386,998 | -€27,268 | -1.9% |
| Land and buildings | 22 | €1,357,901 | €1,337,976 | -€19,926 | -1.5% |
| Plant, machinery and equipment | 23 | €55,869 | €48,775 | -€7,094 | -12.7% |
| Furniture and vehicles | 24 | €495 | €248 | -€248 | -50.0% |
| Financial fixed assets | 28 | €2,355 | €2,355 | = | 0.0% |
| Current assets | 29/58 | €5,868,990 | €5,975,487 | +€106,497 | +1.8% |
| Amounts receivable after more than one year | 29 | €2,479,476 | €2,465,889 | -€13,587 | -0.5% |
| Other amounts receivable | 291 | €2,479,476 | €2,465,889 | -€13,587 | -0.5% |
| Amounts receivable within one year | 40/41 | €3,255,889 | €3,377,590 | +€121,701 | +3.7% |
| Trade receivables | 40 | €8,800 | €9,800 | +€1,000 | +11.4% |
| Other amounts receivable | 41 | €3,247,089 | €3,367,790 | +€120,701 | +3.7% |
| Cash at bank and in hand | 54/58 | €6,821 | €3,537 | -€3,284 | -48.1% |
| Deferred charges and accrued income | 490/1 | €126,804 | €128,471 | +€1,667 | +1.3% |
| Total equity and liabilities | 10/49 | €7,285,611 | €7,364,840 | +€79,229 | +1.1% |
| Equity | 10/15 | €2,774,983 | €2,759,133 | -€15,850 | -0.6% |
| Contributions | 10/11 | €2,726,829 | €2,726,829 | = | 0.0% |
| Capital | 10 | €2,726,829 | €2,726,829 | = | 0.0% |
| Issued capital | 100 | €2,726,829 | €2,726,829 | = | 0.0% |
| Reserves | 13 | €551,015 | €531,165 | -€19,849 | -3.6% |
| Tax-exempt reserves | 132 | €551,015 | €531,165 | -€19,849 | -3.6% |
| Profit (loss) carried forward | 14 | -€502,860 | -€498,862 | +€3,999 | +0.8% |
| Provisions and deferred taxes | 16 | €183,672 | €177,055 | -€6,616 | -3.6% |
| Deferred taxes | 168 | €183,672 | €177,055 | -€6,616 | -3.6% |
| Amounts payable | 17/49 | €4,326,956 | €4,428,652 | +€101,696 | +2.4% |
| Amounts payable after more than one year | 17 | €4,184,733 | €4,266,490 | +€81,757 | +2.0% |
| Financial debts | 170/4 | €4,184,733 | €4,266,490 | +€81,757 | +2.0% |
| Amounts payable within one year | 42/48 | €82,700 | €95,350 | +€12,650 | +15.3% |
| Trade debts | 44 | €1,822 | €2,324 | +€502 | +27.6% |
| Suppliers | 440/4 | €1,822 | €2,324 | +€502 | +27.6% |
| Taxes, remuneration and social security | 45 | - | €4,500 | +€4,500 | |
| Taxes | 450/3 | - | €4,500 | +€4,500 | |
| Other amounts payable | 47/48 | €80,877 | €88,526 | +€7,648 | +9.5% |
| Accrued charges and deferred income | 492/3 | €59,524 | €66,812 | +€7,288 | +12.2% |
| Remuneration, social security and pensions | 62 | €191 | -€142 | -€333 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,095 | €37,722 | +€627 | +1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €431,367 | €70,617 | -€360,749 | -83.6% |
| Other operating charges | 640/8 | €20,630 | €22,596 | +€1,966 | +9.5% |
| Gross operating margin | 9900 | €61,829 | €49,331 | -€12,497 | -20.2% |
| Operating profit (loss) | 9901 | -€427,454 | -€81,463 | +€345,991 | +80.9% |
| Financial income | 75/76B | €121,310 | €122,726 | +€1,415 | +1.2% |
| Recurring financial income | 75 | €121,310 | €122,726 | +€1,415 | +1.2% |
| Financial charges | 65/66B | €59,629 | €63,730 | +€4,101 | +6.9% |
| Recurring financial charges | 65 | €59,629 | €63,730 | +€4,101 | +6.9% |
| Profit (loss) for the period before taxes | 9903 | -€365,772 | -€22,467 | +€343,305 | +93.9% |
| Transfer from deferred taxes | 780 | €6,533 | €6,616 | +€83 | +1.3% |
| Profit (loss) for the period | 9904 | -€359,239 | -€15,850 | +€343,389 | +95.6% |
| Transfer from tax-exempt reserves | 789 | €19,599 | €19,849 | +€250 | +1.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€339,640 | €3,999 | +€343,639 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.