Pavillon Royal Construct: what changed
Two fiscal 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 Royal Construct
Largest movements
- Receivables within one year -€31,390
down €31,390 (-97.2%), from €32,297 to €907
of which Other amounts receivable: -€31,206
- Cash +€20,537
up €20,537 (+565.6%), from €3,631 to €24,168
mainly Receivables within one year (+€31,390) and Trade debts (+€5,253)
- Stocks and contracts +€18,958
up €18,958 (+9.1%), from €208,953 to €227,911
- Trade debts +€5,253
up €5,253 (+15.6%), from €33,752 to €39,005
- Debts after one year +€5,168
up €5,168 (+4.5%), from €115,992 to €121,160
- Profit (loss) carried forward -€2,716
down €2,716 (-74.7%), from -€3,638 to -€6,354
- Gross operating margin -€5,398
down €5,398, from €3,938 to -€1,460
- Financial charges -€5,303
down €5,303 (-95.9%), from €5,531 to €228
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 | €246,106 | €253,811 | +€7,705 | +3.1% |
| Formation expenses | 20 | €1,226 | €825 | -€400 | -32.7% |
| Current assets | 29/58 | €244,881 | €252,986 | +€8,105 | +3.3% |
| Stocks and contracts in progress | 3 | €208,953 | €227,911 | +€18,958 | +9.1% |
| Contracts in progress | 37 | €208,953 | €227,911 | +€18,958 | +9.1% |
| Amounts receivable within one year | 40/41 | €32,297 | €907 | -€31,390 | -97.2% |
| Trade receivables | 40 | €184 | €0 | -€184 | -100.0% |
| Other amounts receivable | 41 | €32,113 | €907 | -€31,206 | -97.2% |
| Cash at bank and in hand | 54/58 | €3,631 | €24,168 | +€20,537 | +565.6% |
| Total equity and liabilities | 10/49 | €246,106 | €253,811 | +€7,705 | +3.1% |
| Equity | 10/15 | €96,362 | €93,646 | -€2,716 | -2.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,638 | -€6,354 | -€2,716 | -74.7% |
| Amounts payable | 17/49 | €149,744 | €160,164 | +€10,420 | +7.0% |
| Amounts payable after more than one year | 17 | €115,992 | €121,160 | +€5,168 | +4.5% |
| Financial debts | 170/4 | €115,992 | €121,160 | +€5,168 | +4.5% |
| Amounts payable within one year | 42/48 | €33,752 | €39,005 | +€5,253 | +15.6% |
| Trade debts | 44 | €33,752 | €39,005 | +€5,253 | +15.6% |
| Suppliers | 440/4 | €33,752 | €39,005 | +€5,253 | +15.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €400 | €400 | = | 0.0% |
| Other operating charges | 640/8 | €628 | €628 | -€1 | -0.1% |
| Gross operating margin | 9900 | €3,938 | -€1,460 | -€5,398 | |
| Operating profit (loss) | 9901 | €2,909 | -€2,488 | -€5,397 | |
| Financial charges | 65/66B | €5,531 | €228 | -€5,303 | -95.9% |
| Recurring financial charges | 65 | €5,531 | €228 | -€5,303 | -95.9% |
| Profit (loss) for the period before taxes | 9903 | -€2,622 | -€2,716 | -€94 | -3.6% |
| Profit (loss) for the period | 9904 | -€2,622 | -€2,716 | -€94 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,622 | -€2,716 | -€94 | -3.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.