PAVILLON CHINOIS: 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 CHINOIS
Largest movements
- Receivables within one year +€16,740
up €16,740 (+95.3%), from €17,565 to €34,305
of which Trade receivables: +€10,656
- Tangible fixed assets -€7,951
down €7,951 (-38.1%), from €20,883 to €12,932
of which Plant, machinery and equipment: -€5,951
- Cash -€4,777
down €4,777 (-33.6%), from €14,206 to €9,430
mainly Receivables within one year (-€16,740) and Current portion of long-term debt (-€7,460)
- Stocks and contracts +€4,522
up €4,522 (+95.1%), from €4,754 to €9,275
- Deferred charges and accrued income +€1,500
new in 2025: €1,500
- Trade debts +€9,638
up €9,638 (+66.2%), from €14,559 to €24,197
- Profit (loss) carried forward +€9,207
up €9,207 (+214%), from €4,312 to €13,520
- Current portion of long-term debt -€7,460
no longer reported in 2025 (was €7,460)
- Other debts -€1,203
no longer reported in 2025 (was €1,203)
- Staff costs -€20,867
down €20,867 (-59.0%), from €35,350 to €14,483
- Gross operating margin -€18,570
down €18,570 (-36.8%), from €50,432 to €31,862
- Financial income -€1,698
down €1,698 (-49.0%), from €3,465 to €1,767
- Financial charges -€1,444
down €1,444 (-60.7%), from €2,379 to €935
- Taxes -€505
new in 2025: -€505
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 | €57,483 | €67,517 | +€10,034 | +17.5% |
| Fixed assets | 21/28 | €20,958 | €13,007 | -€7,951 | -37.9% |
| Tangible fixed assets | 22/27 | €20,883 | €12,932 | -€7,951 | -38.1% |
| Plant, machinery and equipment | 23 | €16,680 | €10,729 | -€5,951 | -35.7% |
| Other tangible fixed assets | 26 | €4,203 | €2,203 | -€2,000 | -47.6% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €36,525 | €54,510 | +€17,985 | +49.2% |
| Stocks and contracts in progress | 3 | €4,754 | €9,275 | +€4,522 | +95.1% |
| Stocks | 30/36 | €4,754 | €9,275 | +€4,522 | +95.1% |
| Amounts receivable within one year | 40/41 | €17,565 | €34,305 | +€16,740 | +95.3% |
| Trade receivables | 40 | - | €10,656 | +€10,656 | |
| Other amounts receivable | 41 | €17,565 | €23,649 | +€6,084 | +34.6% |
| Cash at bank and in hand | 54/58 | €14,206 | €9,430 | -€4,777 | -33.6% |
| Deferred charges and accrued income | 490/1 | - | €1,500 | +€1,500 | |
| Total equity and liabilities | 10/49 | €57,483 | €67,517 | +€10,034 | +17.5% |
| Equity | 10/15 | €24,772 | €33,980 | +€9,207 | +37.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,312 | €13,520 | +€9,207 | +214% |
| Amounts payable | 17/49 | €32,710 | €33,537 | +€827 | +2.5% |
| Amounts payable within one year | 42/48 | €32,710 | €33,537 | +€827 | +2.5% |
| Current portion of amounts payable after more than one year | 42 | €7,460 | - | -€7,460 | |
| Trade debts | 44 | €14,559 | €24,197 | +€9,638 | +66.2% |
| Suppliers | 440/4 | €14,559 | €24,197 | +€9,638 | +66.2% |
| Taxes, remuneration and social security | 45 | €9,489 | €9,340 | -€149 | -1.6% |
| Taxes | 450/3 | €2,687 | €4,873 | +€2,186 | +81.3% |
| Remuneration and social security | 454/9 | €6,802 | €4,467 | -€2,334 | -34.3% |
| Other amounts payable | 47/48 | €1,203 | - | -€1,203 | |
| Remuneration, social security and pensions | 62 | €35,350 | €14,483 | -€20,867 | -59.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,951 | €7,951 | = | 0.0% |
| Other operating charges | 640/8 | €1,498 | €1,558 | +€59 | +3.9% |
| Gross operating margin | 9900 | €50,432 | €31,862 | -€18,570 | -36.8% |
| Operating profit (loss) | 9901 | €5,632 | €7,870 | +€2,238 | +39.7% |
| Financial income | 75/76B | €3,465 | €1,767 | -€1,698 | -49.0% |
| Recurring financial income | 75 | €3,465 | €1,767 | -€1,698 | -49.0% |
| Financial charges | 65/66B | €2,379 | €935 | -€1,444 | -60.7% |
| Recurring financial charges | 65 | €2,379 | €935 | -€1,444 | -60.7% |
| Profit (loss) for the period before taxes | 9903 | €6,718 | €8,703 | +€1,985 | +29.5% |
| Income taxes | 67/77 | - | -€505 | -€505 | |
| Profit (loss) for the period | 9904 | €6,718 | €9,207 | +€2,489 | +37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €6,718 | €9,207 | +€2,489 | +37.1% |
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 16 October 2026 via checked.be.