PAVILLON 10: 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.
PAVILLON 10
Largest movements
- Receivables within one year -€80,082
no longer reported in 2025 (was €80,082)
of which Other amounts receivable: -€76,452
- Cash -€63,996
down €63,996 (-75.8%), from €84,377 to €20,381
mainly Contributions, distributions and other (-€103,000) and Other debts (-€44,200)
- Tangible fixed assets +€38,426
up €38,426 (+3969.9%), from €968 to €39,394
- Receivables after one year +€27,041
new in 2025: €27,041
of which Other amounts receivable: +€19,211
- Other debts -€44,200
down €44,200 (-72.2%), from €61,200 to €17,000
- Profit (loss) carried forward -€23,594
down €23,594 (-28.4%), from €83,033 to €59,439
- Tax, wage and social debts -€11,012
down €11,012 (-53.4%), from €20,614 to €9,602
- Gross operating margin +€21,580
up €21,580 (+21.1%), from €102,334 to €123,914
- Other operating charges +€19,306
up €19,306 (+1486.8%), from €1,299 to €20,605
- Depreciation -€13,600
down €13,600 (-81.2%), from €16,758 to €3,158
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 | €167,529 | €89,128 | -€78,401 | -46.8% |
| Fixed assets | 21/28 | €968 | €39,394 | +€38,426 | +3969.9% |
| Tangible fixed assets | 22/27 | €968 | €39,394 | +€38,426 | +3969.9% |
| Furniture and vehicles | 24 | €968 | €39,394 | +€38,426 | +3969.9% |
| Current assets | 29/58 | €166,561 | €49,734 | -€116,827 | -70.1% |
| Amounts receivable after more than one year | 29 | - | €27,041 | +€27,041 | |
| Trade receivables | 290 | - | €7,830 | +€7,830 | |
| Other amounts receivable | 291 | - | €19,211 | +€19,211 | |
| Amounts receivable within one year | 40/41 | €80,082 | - | -€80,082 | |
| Trade receivables | 40 | €3,630 | - | -€3,630 | |
| Other amounts receivable | 41 | €76,452 | - | -€76,452 | |
| Cash at bank and in hand | 54/58 | €84,377 | €20,381 | -€63,996 | -75.8% |
| Deferred charges and accrued income | 490/1 | €2,102 | €2,312 | +€210 | +10.0% |
| Total equity and liabilities | 10/49 | €167,529 | €89,128 | -€78,401 | -46.8% |
| Equity | 10/15 | €85,033 | €61,439 | -€23,594 | -27.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,033 | €59,439 | -€23,594 | -28.4% |
| Amounts payable | 17/49 | €82,495 | €27,689 | -€54,807 | -66.4% |
| Amounts payable within one year | 42/48 | €82,495 | €27,689 | -€54,807 | -66.4% |
| Trade debts | 44 | €682 | €1,087 | +€405 | +59.4% |
| Suppliers | 440/4 | €682 | €1,087 | +€405 | +59.4% |
| Taxes, remuneration and social security | 45 | €20,614 | €9,602 | -€11,012 | -53.4% |
| Taxes | 450/3 | €20,614 | €9,602 | -€11,012 | -53.4% |
| Other amounts payable | 47/48 | €61,200 | €17,000 | -€44,200 | -72.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,758 | €3,158 | -€13,600 | -81.2% |
| Other operating charges | 640/8 | €1,299 | €20,605 | +€19,306 | +1486.8% |
| Gross operating margin | 9900 | €102,334 | €123,914 | +€21,580 | +21.1% |
| Operating profit (loss) | 9901 | €84,277 | €100,150 | +€15,873 | +18.8% |
| Financial income | 75/76B | €1,343 | €645 | -€698 | -52.0% |
| Recurring financial income | 75 | €1,343 | €645 | -€698 | -52.0% |
| Financial charges | 65/66B | €119 | €162 | +€43 | +36.5% |
| Recurring financial charges | 65 | €119 | €162 | +€43 | +36.5% |
| Profit (loss) for the period before taxes | 9903 | €85,502 | €100,634 | +€15,132 | +17.7% |
| Income taxes | 67/77 | €21,540 | €21,228 | -€312 | -1.4% |
| Profit (loss) for the period | 9904 | €63,962 | €79,406 | +€15,444 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €63,962 | €79,406 | +€15,444 | +24.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.