PAVIMA: 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.
PAVIMA
Largest movements
- Tangible fixed assets +€77,126
up €77,126 (+7945.4%), from €971 to €78,097
- Receivables within one year -€37,262
down €37,262 (-57.2%), from €65,158 to €27,896
of which Other amounts receivable: -€37,747
- Cash -€14,442
down €14,442 (-78.9%), from €18,316 to €3,874
mainly Investment in fixed assets (net) (-€90,000) and Tax, wage and social debts (-€1,497)
- Trade debts +€18,850
up €18,850 (+190.3%), from €9,904 to €28,754
- Reserves +€8,709
up €8,709 (+18.9%), from €46,116 to €54,825
- Tax, wage and social debts -€1,497
down €1,497 (-6.4%), from €23,425 to €21,928
- Depreciation +€12,506
up €12,506 (+3398.5%), from €368 to €12,874
- Financial charges +€4,703
up €4,703 (+6264.0%), from €75 to €4,778
- Gross operating margin +€3,690
up €3,690 (+13.0%), from €28,391 to €32,081
- Taxes -€2,150
down €2,150 (-34.6%), from €6,219 to €4,070
- Other operating charges +€2,078
up €2,078 (+174.4%), from €1,192 to €3,270
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 | €84,445 | €110,506 | +€26,062 | +30.9% |
| Fixed assets | 21/28 | €971 | €78,097 | +€77,126 | +7945.4% |
| Tangible fixed assets | 22/27 | €971 | €78,097 | +€77,126 | +7945.4% |
| Plant, machinery and equipment | 23 | €971 | €78,097 | +€77,126 | +7945.4% |
| Current assets | 29/58 | €83,474 | €32,409 | -€51,065 | -61.2% |
| Amounts receivable within one year | 40/41 | €65,158 | €27,896 | -€37,262 | -57.2% |
| Trade receivables | 40 | €14,876 | €15,362 | +€485 | +3.3% |
| Other amounts receivable | 41 | €50,282 | €12,535 | -€37,747 | -75.1% |
| Cash at bank and in hand | 54/58 | €18,316 | €3,874 | -€14,442 | -78.9% |
| Deferred charges and accrued income | 490/1 | - | €639 | +€639 | |
| Total equity and liabilities | 10/49 | €84,445 | €110,506 | +€26,062 | +30.9% |
| Equity | 10/15 | €51,116 | €59,825 | +€8,709 | +17.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €46,116 | €54,825 | +€8,709 | +18.9% |
| Distributable reserves | 133 | €46,116 | €54,825 | +€8,709 | +18.9% |
| Amounts payable | 17/49 | €33,329 | €50,681 | +€17,353 | +52.1% |
| Amounts payable within one year | 42/48 | €33,329 | €50,681 | +€17,353 | +52.1% |
| Trade debts | 44 | €9,904 | €28,754 | +€18,850 | +190.3% |
| Suppliers | 440/4 | €9,904 | €28,754 | +€18,850 | +190.3% |
| Taxes, remuneration and social security | 45 | €23,425 | €21,928 | -€1,497 | -6.4% |
| Taxes | 450/3 | €23,425 | €21,928 | -€1,497 | -6.4% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €368 | €12,874 | +€12,506 | +3398.5% |
| Other operating charges | 640/8 | €1,192 | €3,270 | +€2,078 | +174.4% |
| Gross operating margin | 9900 | €28,391 | €32,081 | +€3,690 | +13.0% |
| Operating profit (loss) | 9901 | €26,831 | €15,937 | -€10,894 | -40.6% |
| Financial income | 75/76B | €1,615 | €1,620 | +€5 | +0.3% |
| Recurring financial income | 75 | €1,615 | €1,620 | +€5 | +0.3% |
| Financial charges | 65/66B | €75 | €4,778 | +€4,703 | +6264.0% |
| Recurring financial charges | 65 | €75 | €4,778 | +€4,703 | +6264.0% |
| Profit (loss) for the period before taxes | 9903 | €28,371 | €12,779 | -€15,592 | -55.0% |
| Income taxes | 67/77 | €6,219 | €4,070 | -€2,150 | -34.6% |
| Profit (loss) for the period | 9904 | €22,152 | €8,709 | -€13,443 | -60.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,152 | €8,709 | -€13,443 | -60.7% |
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 4 October 2026 via checked.be.