PAVILLON BLEU: 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 BLEU
Largest movements
- Receivables within one year +€12,173
up €12,173 (+1,566%), from €777 to €12,950
of which Trade receivables: +€8,000
- Tangible fixed assets -€9,925
down €9,925 (-10.8%), from €92,306 to €82,381
of which Furniture and vehicles: -€5,075
- Deferred charges and accrued income +€1,770
up €1,770 (+206%), from €859 to €2,629
- Other debts +€11,008
up €11,008 (+36.2%), from €30,396 to €41,404
- Debts after one year -€5,411
down €5,411 (-5.1%), from €106,562 to €101,151
- Trade debts -€1,444
down €1,444 (-28.5%), from €5,070 to €3,626
- Gross operating margin +€3,720
up €3,720 (+6.6%), from €56,235 to €59,955
- Depreciation -€2,118
down €2,118 (-17.6%), from €12,043 to €9,925
- Staff costs +€1,726
up €1,726 (+4.1%), from €41,896 to €43,622
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.
Derived cash bridge
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 | €120,558 | €124,998 | +€4,440 | +3.7% |
| Fixed assets | 21/28 | €92,306 | €82,381 | -€9,925 | -10.8% |
| Tangible fixed assets | 22/27 | €92,306 | €82,381 | -€9,925 | -10.8% |
| Land and buildings | 22 | €83,249 | €78,399 | -€4,850 | -5.8% |
| Furniture and vehicles | 24 | €9,057 | €3,982 | -€5,075 | -56.0% |
| Current assets | 29/58 | €28,252 | €42,617 | +€14,365 | +50.8% |
| Stocks and contracts in progress | 3 | €23,399 | €24,479 | +€1,080 | +4.6% |
| Stocks | 30/36 | €23,399 | €24,479 | +€1,080 | +4.6% |
| Amounts receivable within one year | 40/41 | €777 | €12,950 | +€12,173 | +1,566% |
| Trade receivables | 40 | - | €8,000 | +€8,000 | |
| Other amounts receivable | 41 | €777 | €4,950 | +€4,173 | +537% |
| Cash at bank and in hand | 54/58 | €3,216 | €2,559 | -€658 | -20.4% |
| Deferred charges and accrued income | 490/1 | €859 | €2,629 | +€1,770 | +206% |
| Total equity and liabilities | 10/49 | €120,558 | €124,998 | +€4,440 | +3.7% |
| Equity | 10/15 | -€46,144 | -€45,381 | +€763 | +1.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€48,144 | -€47,381 | +€763 | +1.6% |
| Amounts payable | 17/49 | €166,702 | €170,379 | +€3,678 | +2.2% |
| Amounts payable after more than one year | 17 | €106,562 | €101,151 | -€5,411 | -5.1% |
| Financial debts | 170/4 | €106,562 | €101,151 | -€5,411 | -5.1% |
| Amounts payable within one year | 42/48 | €59,307 | €68,679 | +€9,371 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €5,658 | €5,892 | +€234 | +4.1% |
| Trade debts | 44 | €5,070 | €3,626 | -€1,444 | -28.5% |
| Suppliers | 440/4 | €5,070 | €3,626 | -€1,444 | -28.5% |
| Taxes, remuneration and social security | 45 | €18,184 | €17,757 | -€426 | -2.3% |
| Taxes | 450/3 | €10,559 | €9,603 | -€956 | -9.0% |
| Remuneration and social security | 454/9 | €7,625 | €8,154 | +€529 | +6.9% |
| Other amounts payable | 47/48 | €30,396 | €41,404 | +€11,008 | +36.2% |
| Accrued charges and deferred income | 492/3 | €833 | €550 | -€283 | -34.0% |
| Remuneration, social security and pensions | 62 | €41,896 | €43,622 | +€1,726 | +4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,043 | €9,925 | -€2,118 | -17.6% |
| Other operating charges | 640/8 | €1,358 | €1,185 | -€173 | -12.7% |
| Gross operating margin | 9900 | €56,235 | €59,955 | +€3,720 | +6.6% |
| Operating profit (loss) | 9901 | €937 | €5,222 | +€4,285 | +457% |
| Financial income | 75/76B | €0 | €0 | -€0 | -82.2% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -82.2% |
| Financial charges | 65/66B | €4,795 | €4,219 | -€577 | -12.0% |
| Recurring financial charges | 65 | €4,795 | €4,219 | -€577 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,858 | €1,004 | +€4,862 | |
| Income taxes | 67/77 | €164 | €241 | +€77 | +47.0% |
| Profit (loss) for the period | 9904 | -€4,022 | €763 | +€4,785 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,022 | €763 | +€4,785 |
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 24 October 2026 via checked.be.