PAVIMENTO: 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.
PAVIMENTO
Largest movements
- Receivables within one year +€27,252
up €27,252 (+37.8%), from €72,098 to €99,350
of which Other amounts receivable: +€22,088
- Tangible fixed assets +€18,998
up €18,998 (+58.5%), from €32,461 to €51,460
of which Furniture and vehicles: +€21,556
- Stocks and contracts +€4,746
up €4,746 (+13.0%), from €36,618 to €41,363
- Trade debts +€24,883
up €24,883 (+102%), from €24,341 to €49,225
- Reserves +€20,722
up €20,722 (+64.1%), from €32,329 to €53,051
- Debts after one year +€16,989
up €16,989 (+78.7%), from €21,600 to €38,589
- Accrued charges and deferred income -€16,507
down €16,507 (-100%), from €16,507 to €0
- Tax, wage and social debts +€4,675
up €4,675 (+109%), from €4,280 to €8,955
- Gross operating margin +€20,525
up €20,525 (+62.9%), from €32,641 to €53,166
- Other operating charges +€9,552
up €9,552 (+944%), from €1,012 to €10,564
- Taxes +€7,060
up €7,060 (+175%), from €4,026 to €11,086
- Depreciation -€2,418
down €2,418 (-20.6%), from €11,726 to €9,308
- Financial charges -€1,771
down €1,771 (-27.9%), from €6,341 to €4,570
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €147,425 | €198,024 | +€50,599 | +34.3% |
| Fixed assets | 21/28 | €38,311 | €57,310 | +€18,998 | +49.6% |
| Tangible fixed assets | 22/27 | €32,461 | €51,460 | +€18,998 | +58.5% |
| Plant, machinery and equipment | 23 | €6,475 | €3,917 | -€2,557 | -39.5% |
| Furniture and vehicles | 24 | €25,987 | €47,542 | +€21,556 | +82.9% |
| Financial fixed assets | 28 | €5,850 | €5,850 | = | 0.0% |
| Current assets | 29/58 | €109,114 | €140,714 | +€31,600 | +29.0% |
| Stocks and contracts in progress | 3 | €36,618 | €41,363 | +€4,746 | +13.0% |
| Stocks | 30/36 | €36,618 | €41,363 | +€4,746 | +13.0% |
| Amounts receivable within one year | 40/41 | €72,098 | €99,350 | +€27,252 | +37.8% |
| Trade receivables | 40 | €34,154 | €39,318 | +€5,164 | +15.1% |
| Other amounts receivable | 41 | €37,945 | €60,033 | +€22,088 | +58.2% |
| Deferred charges and accrued income | 490/1 | €398 | €0 | -€398 | -100% |
| Total equity and liabilities | 10/49 | €147,425 | €198,024 | +€50,599 | +34.3% |
| Equity | 10/15 | €42,329 | €63,051 | +€20,722 | +49.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €32,329 | €53,051 | +€20,722 | +64.1% |
| Distributable reserves | 133 | €32,329 | €53,051 | +€20,722 | +64.1% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €105,096 | €134,973 | +€29,876 | +28.4% |
| Amounts payable after more than one year | 17 | €21,600 | €38,589 | +€16,989 | +78.7% |
| Financial debts | 170/4 | €21,600 | €38,589 | +€16,989 | +78.7% |
| Amounts payable within one year | 42/48 | €66,990 | €96,384 | +€29,395 | +43.9% |
| Current portion of amounts payable after more than one year | 42 | €22,845 | €20,920 | -€1,925 | -8.4% |
| Financial debts | 43 | €15,523 | €17,284 | +€1,761 | +11.3% |
| Credit institutions | 430/8 | €15,523 | €17,284 | +€1,761 | +11.3% |
| Trade debts | 44 | €24,341 | €49,225 | +€24,883 | +102% |
| Suppliers | 440/4 | €24,341 | €49,225 | +€24,883 | +102% |
| Taxes, remuneration and social security | 45 | €4,280 | €8,955 | +€4,675 | +109% |
| Taxes | 450/3 | €4,280 | €8,955 | +€4,675 | +109% |
| Accrued charges and deferred income | 492/3 | €16,507 | €0 | -€16,507 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,726 | €9,308 | -€2,418 | -20.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,136 | €0 | -€1,136 | -100% |
| Other operating charges | 640/8 | €1,012 | €10,564 | +€9,552 | +944% |
| Gross operating margin | 9900 | €32,641 | €53,166 | +€20,525 | +62.9% |
| Operating profit (loss) | 9901 | €18,767 | €33,294 | +€14,527 | +77.4% |
| Financial income | 75/76B | €3,179 | €3,085 | -€94 | -3.0% |
| Recurring financial income | 75 | €3,179 | €3,085 | -€94 | -3.0% |
| Financial charges | 65/66B | €6,341 | €4,570 | -€1,771 | -27.9% |
| Recurring financial charges | 65 | €6,341 | €4,570 | -€1,771 | -27.9% |
| Profit (loss) for the period before taxes | 9903 | €15,604 | €31,809 | +€16,204 | +104% |
| Income taxes | 67/77 | €4,026 | €11,086 | +€7,060 | +175% |
| Profit (loss) for the period | 9904 | €11,578 | €20,722 | +€9,144 | +79.0% |
| Profit (loss) for the period to be appropriated | 9905 | €11,578 | €20,722 | +€9,144 | +79.0% |
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 18 October 2026 via checked.be.