PAVERMA: 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.
PAVERMA
Largest movements
- Cash -€25,300
down €25,300 (-100%), from €25,300 to €0
mainly Net result for the year (-€42,911) and Investment in fixed assets (net) (-€13,243)
- Tangible fixed assets +€4,891
up €4,891 (+4.0%), from €122,802 to €127,694
of which Furniture and vehicles: +€9,172
- Receivables within one year +€2,219
up €2,219 (+25.6%), from €8,681 to €10,900
of which Trade receivables: +€2,062
- Profit (loss) carried forward -€42,911
down €42,911 (-56.7%), from -€75,626 to -€118,537
- Short-term financial debts +€15,221
new in 2024: €15,221
- Other debts +€6,446
up €6,446 (+72.1%), from €8,942 to €15,389
- Trade debts +€3,090
up €3,090 (+43.7%), from €7,064 to €10,154
- Gross operating margin -€24,084
down €24,084 (-1,885%), from -€1,278 to -€25,361
- Depreciation +€3,600
up €3,600 (+75.8%), from €4,751 to €8,352
- Financial charges +€446
up €446 (+7.1%), from €6,324 to €6,770
- Other operating charges +€380
up €380 (+19.5%), from €1,948 to €2,328
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.
Derived cash bridge
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.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €166,195 | €147,509 | -€18,686 | -11.2% |
| Fixed assets | 21/28 | €122,802 | €127,694 | +€4,891 | +4.0% |
| Tangible fixed assets | 22/27 | €122,802 | €127,694 | +€4,891 | +4.0% |
| Land and buildings | 22 | €122,098 | €117,817 | -€4,280 | -3.5% |
| Furniture and vehicles | 24 | €704 | €9,876 | +€9,172 | +1,302% |
| Current assets | 29/58 | €43,393 | €19,815 | -€23,578 | -54.3% |
| Amounts receivable after more than one year | 29 | €8,500 | €8,500 | = | 0.0% |
| Other amounts receivable | 291 | €8,500 | €8,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,681 | €10,900 | +€2,219 | +25.6% |
| Trade receivables | 40 | €8,681 | €10,742 | +€2,062 | +23.7% |
| Other amounts receivable | 41 | - | €158 | +€158 | |
| Cash at bank and in hand | 54/58 | €25,300 | €0 | -€25,300 | -100% |
| Deferred charges and accrued income | 490/1 | €912 | €415 | -€497 | -54.5% |
| Total equity and liabilities | 10/49 | €166,195 | €147,509 | -€18,686 | -11.2% |
| Equity | 10/15 | €42,863 | -€47 | -€42,911 | |
| Contributions | 10/11 | €105,355 | €105,355 | = | 0.0% |
| Capital | 10 | €105,355 | €105,355 | = | 0.0% |
| Issued capital | 100 | €105,355 | €105,355 | = | 0.0% |
| Reserves | 13 | €13,135 | €13,135 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,267 | €7,267 | = | 0.0% |
| Legal reserve | 130 | €7,267 | €7,267 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,617 | €5,617 | = | 0.0% |
| Distributable reserves | 133 | €250 | €250 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,626 | -€118,537 | -€42,911 | -56.7% |
| Amounts payable | 17/49 | €123,331 | €147,556 | +€24,224 | +19.6% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €16,947 | €40,763 | +€23,817 | +141% |
| Financial debts | 43 | - | €15,221 | +€15,221 | |
| Credit institutions | 430/8 | - | €15,221 | +€15,221 | |
| Trade debts | 44 | €7,064 | €10,154 | +€3,090 | +43.7% |
| Suppliers | 440/4 | €7,064 | €10,154 | +€3,090 | +43.7% |
| Taxes, remuneration and social security | 45 | €941 | €0 | -€941 | -100% |
| Taxes | 450/3 | €941 | €0 | -€941 | -100% |
| Other amounts payable | 47/48 | €8,942 | €15,389 | +€6,446 | +72.1% |
| Accrued charges and deferred income | 492/3 | €6,384 | €6,792 | +€408 | +6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,751 | €8,352 | +€3,600 | +75.8% |
| Other operating charges | 640/8 | €1,948 | €2,328 | +€380 | +19.5% |
| Gross operating margin | 9900 | -€1,278 | -€25,361 | -€24,084 | -1,885% |
| Operating profit (loss) | 9901 | -€7,977 | -€36,041 | -€28,064 | -352% |
| Financial income | 75/76B | €222 | €222 | +€0 | +0.2% |
| Recurring financial income | 75 | €222 | €222 | +€0 | +0.2% |
| Financial charges | 65/66B | €6,324 | €6,770 | +€446 | +7.1% |
| Recurring financial charges | 65 | €6,324 | €6,770 | +€446 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,079 | -€42,589 | -€28,510 | -202% |
| Income taxes | 67/77 | €358 | €322 | -€37 | -10.2% |
| Profit (loss) for the period | 9904 | -€14,438 | -€42,911 | -€28,473 | -197% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,438 | -€42,911 | -€28,473 | -197% |
Source: filed annual accounts (NBB), financial years ended 30 September 2023 and 30 September 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.