PAVIMENTI: 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.
PAVIMENTI
Largest movements
- Cash -€70,504
down €70,504 (-59.2%), from €119,086 to €48,581
mainly Net result for the year (-€55,259) and Other debts (-€32,097)
- Tangible fixed assets -€36,828
down €36,828 (-10.1%), from €366,130 to €329,302
of which Land and buildings: -€23,015
- Receivables within one year -€23,700
down €23,700 (-6.2%), from €380,919 to €357,219
of which Trade receivables: -€12,560
- Profit (loss) carried forward -€52,259
down €52,259, from €1,406 to -€50,853
- Other debts -€32,097
down €32,097 (-13.0%), from €247,720 to €215,624
- Debts after one year -€30,152
down €30,152 (-10.9%), from €277,374 to €247,222
of which Financial debts: -€30,152
- Tax, wage and social debts -€11,538
down €11,538 (-46.2%), from €24,969 to €13,431
- Trade debts -€10,807
down €10,807 (-80.8%), from €13,371 to €2,564
- Gross operating margin -€31,866
down €31,866 (-53.7%), from €59,340 to €27,474
- Depreciation +€10,476
up €10,476 (+31.1%), from €33,731 to €44,207
- Financial charges -€4,246
down €4,246 (-16.2%), from €26,198 to €21,952
- Other operating charges +€2,033
up €2,033 (+14.7%), from €13,794 to €15,827
- Taxes +€604
up €604 (+424%), from €143 to €747
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 | €868,549 | €736,341 | -€132,209 | -15.2% |
| Fixed assets | 21/28 | €366,130 | €329,302 | -€36,828 | -10.1% |
| Tangible fixed assets | 22/27 | €366,130 | €329,302 | -€36,828 | -10.1% |
| Land and buildings | 22 | €297,029 | €274,014 | -€23,015 | -7.7% |
| Plant, machinery and equipment | 23 | €8,612 | €5,908 | -€2,703 | -31.4% |
| Furniture and vehicles | 24 | €48,413 | €38,612 | -€9,800 | -20.2% |
| Other tangible fixed assets | 26 | €12,076 | €10,767 | -€1,309 | -10.8% |
| Current assets | 29/58 | €502,419 | €407,039 | -€95,381 | -19.0% |
| Stocks and contracts in progress | 3 | €933 | €933 | = | 0.0% |
| Stocks | 30/36 | €933 | €933 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €380,919 | €357,219 | -€23,700 | -6.2% |
| Trade receivables | 40 | €18,921 | €6,361 | -€12,560 | -66.4% |
| Other amounts receivable | 41 | €361,998 | €350,857 | -€11,140 | -3.1% |
| Cash at bank and in hand | 54/58 | €119,086 | €48,581 | -€70,504 | -59.2% |
| Deferred charges and accrued income | 490/1 | €1,482 | €306 | -€1,176 | -79.4% |
| Total equity and liabilities | 10/49 | €868,549 | €736,341 | -€132,209 | -15.2% |
| Equity | 10/15 | €251,866 | €196,607 | -€55,259 | -21.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €231,860 | €228,860 | -€3,000 | -1.3% |
| Distributable reserves | 133 | €231,860 | €228,860 | -€3,000 | -1.3% |
| Profit (loss) carried forward | 14 | €1,406 | -€50,853 | -€52,259 | |
| Amounts payable | 17/49 | €616,684 | €539,734 | -€76,950 | -12.5% |
| Amounts payable after more than one year | 17 | €277,374 | €247,222 | -€30,152 | -10.9% |
| Financial debts | 170/4 | €274,074 | €243,922 | -€30,152 | -11.0% |
| Other amounts payable | 178/9 | €3,300 | €3,300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €338,546 | €291,748 | -€46,798 | -13.8% |
| Current portion of amounts payable after more than one year | 42 | €52,486 | €60,130 | +€7,644 | +14.6% |
| Trade debts | 44 | €13,371 | €2,564 | -€10,807 | -80.8% |
| Suppliers | 440/4 | €13,371 | €2,564 | -€10,807 | -80.8% |
| Taxes, remuneration and social security | 45 | €24,969 | €13,431 | -€11,538 | -46.2% |
| Taxes | 450/3 | €24,969 | €13,431 | -€11,538 | -46.2% |
| Other amounts payable | 47/48 | €247,720 | €215,624 | -€32,097 | -13.0% |
| Accrued charges and deferred income | 492/3 | €763 | €763 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,731 | €44,207 | +€10,476 | +31.1% |
| Other operating charges | 640/8 | €13,794 | €15,827 | +€2,033 | +14.7% |
| Gross operating margin | 9900 | €59,340 | €27,474 | -€31,866 | -53.7% |
| Operating profit (loss) | 9901 | €11,815 | -€32,560 | -€44,375 | |
| Financial income | 75/76B | €162 | - | -€162 | |
| Recurring financial income | 75 | €162 | - | -€162 | |
| Financial charges | 65/66B | €26,198 | €21,952 | -€4,246 | -16.2% |
| Recurring financial charges | 65 | €26,198 | €21,952 | -€4,246 | -16.2% |
| Profit (loss) for the period before taxes | 9903 | -€14,221 | -€54,512 | -€40,291 | -283% |
| Income taxes | 67/77 | €143 | €747 | +€604 | +424% |
| Profit (loss) for the period | 9904 | -€14,363 | -€55,259 | -€40,896 | -285% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,363 | -€55,259 | -€40,896 | -285% |
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 30 October 2026 via checked.be.