PAVILLON BE: 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 BE
Largest movements
- Stocks and contracts +€27,505
up €27,505 (+11.0%), from €249,725 to €277,231
- Receivables within one year +€24,512
up €24,512 (+339.2%), from €7,226 to €31,738
of which Trade receivables: +€24,513
- Cash +€19,323
up €19,323 (+116.1%), from €16,642 to €35,965
mainly Short-term financial debts (+€50,000) and Net result for the year (+€28,117)
- Tangible fixed assets -€7,941
down €7,941 (-9.5%), from €83,843 to €75,902
of which Other tangible fixed assets: -€9,480
- Short-term financial debts +€50,000
up €50,000 (+100.0%), from €50,000 to €100,000
- Profit (loss) carried forward +€28,117
up €28,117 (+4436.9%), from €634 to €28,751
- Tax, wage and social debts +€23,090
up €23,090 (+201.5%), from €11,457 to €34,547
of which Taxes: +€15,334
- Debts after one year -€21,217
down €21,217 (-33.4%), from €63,475 to €42,258
of which Financial debts: -€21,217
- Current portion of long-term debt -€11,697
down €11,697 (-31.0%), from €37,702 to €26,005
- Gross operating margin +€70,657
up €70,657 (+158.7%), from €44,534 to €115,192
- Staff costs +€28,258
up €28,258 (+335.3%), from €8,429 to €36,687
- Taxes +€9,461
new in 2025: €9,461
- Financial charges +€2,392
up €2,392 (+38.9%), from €6,144 to €8,535
- Depreciation +€1,651
up €1,651 (+8.6%), from €19,100 to €20,751
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 | €358,439 | €421,707 | +€63,268 | +17.7% |
| Fixed assets | 21/28 | €83,843 | €75,902 | -€7,941 | -9.5% |
| Tangible fixed assets | 22/27 | €83,843 | €75,902 | -€7,941 | -9.5% |
| Furniture and vehicles | 24 | €14,560 | €16,099 | +€1,539 | +10.6% |
| Other tangible fixed assets | 26 | €69,283 | €59,803 | -€9,480 | -13.7% |
| Current assets | 29/58 | €274,596 | €345,805 | +€71,209 | +25.9% |
| Stocks and contracts in progress | 3 | €249,725 | €277,231 | +€27,505 | +11.0% |
| Stocks | 30/36 | €249,725 | €277,231 | +€27,505 | +11.0% |
| Amounts receivable within one year | 40/41 | €7,226 | €31,738 | +€24,512 | +339.2% |
| Trade receivables | 40 | €7,220 | €31,733 | +€24,513 | +339.5% |
| Other amounts receivable | 41 | €6 | €4 | -€1 | -22.7% |
| Cash at bank and in hand | 54/58 | €16,642 | €35,965 | +€19,323 | +116.1% |
| Deferred charges and accrued income | 490/1 | €1,003 | €871 | -€132 | -13.1% |
| Total equity and liabilities | 10/49 | €358,439 | €421,707 | +€63,268 | +17.7% |
| Equity | 10/15 | €20,634 | €48,751 | +€28,117 | +136.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €634 | €28,751 | +€28,117 | +4436.9% |
| Amounts payable | 17/49 | €337,805 | €372,956 | +€35,151 | +10.4% |
| Amounts payable after more than one year | 17 | €63,475 | €42,258 | -€21,217 | -33.4% |
| Financial debts | 170/4 | €53,238 | €32,022 | -€21,217 | -39.9% |
| Other amounts payable | 178/9 | €10,236 | €10,236 | = | 0.0% |
| Amounts payable within one year | 42/48 | €264,229 | €324,271 | +€60,042 | +22.7% |
| Current portion of amounts payable after more than one year | 42 | €37,702 | €26,005 | -€11,697 | -31.0% |
| Financial debts | 43 | €50,000 | €100,000 | +€50,000 | +100.0% |
| Credit institutions | 430/8 | €50,000 | €100,000 | +€50,000 | +100.0% |
| Trade debts | 44 | €157,134 | €147,485 | -€9,649 | -6.1% |
| Suppliers | 440/4 | €157,134 | €147,485 | -€9,649 | -6.1% |
| Advances received on contracts in progress | 46 | €3,135 | €5,100 | +€1,965 | +62.7% |
| Taxes, remuneration and social security | 45 | €11,457 | €34,547 | +€23,090 | +201.5% |
| Taxes | 450/3 | €10,259 | €25,593 | +€15,334 | +149.5% |
| Remuneration and social security | 454/9 | €1,198 | €8,954 | +€7,756 | +647.6% |
| Other amounts payable | 47/48 | €4,802 | €11,134 | +€6,332 | +131.9% |
| Accrued charges and deferred income | 492/3 | €10,101 | €6,427 | -€3,674 | -36.4% |
| Remuneration, social security and pensions | 62 | €8,429 | €36,687 | +€28,258 | +335.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,100 | €20,751 | +€1,651 | +8.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €10,915 | €11,643 | +€728 | +6.7% |
| Gross operating margin | 9900 | €44,534 | €115,192 | +€70,657 | +158.7% |
| Operating profit (loss) | 9901 | €6,090 | €46,111 | +€40,020 | +657.1% |
| Financial income | 75/76B | €144 | €2 | -€142 | -98.4% |
| Recurring financial income | 75 | €144 | €2 | -€142 | -98.4% |
| Financial charges | 65/66B | €6,144 | €8,535 | +€2,392 | +38.9% |
| Recurring financial charges | 65 | €6,144 | €8,535 | +€2,392 | +38.9% |
| Profit (loss) for the period before taxes | 9903 | €91 | €37,578 | +€37,487 | +41157.9% |
| Income taxes | 67/77 | - | €9,461 | +€9,461 | |
| Profit (loss) for the period | 9904 | €91 | €28,117 | +€28,026 | +30770.9% |
| Profit (loss) for the period to be appropriated | 9905 | €91 | €28,117 | +€28,026 | +30770.9% |
Source: filed annual accounts (NBB), financial years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.