PAVIOSSA: 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.
PAVIOSSA
Largest movements
- Stocks and contracts -€129,403
no longer reported in 2025 (was €129,403)
- Cash +€45,220
up €45,220 (+558.8%), from €8,093 to €53,312
mainly Stocks and contracts (+€129,403) and Net result for the year (+€18,117)
- Current portion of long-term debt -€77,000
no longer reported in 2025 (was €77,000)
- Debts after one year -€27,648
no longer reported in 2025 (was €27,648)
- Profit (loss) carried forward +€18,117
up €18,117, from -€12,797 to €5,320
- Tax, wage and social debts +€1,510
up €1,510 (+353.8%), from €427 to €1,937
- Gross operating margin +€26,182
up €26,182, from -€1,675 to €24,508
- Taxes +€1,937
new in 2025: €1,937
- Financial charges -€1,492
down €1,492 (-26.2%), from €5,687 to €4,195
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 | €137,652 | €53,316 | -€84,336 | -61.3% |
| Current assets | 29/58 | €137,652 | €53,316 | -€84,336 | -61.3% |
| Stocks and contracts in progress | 3 | €129,403 | - | -€129,403 | |
| Stocks | 30/36 | €129,403 | - | -€129,403 | |
| Amounts receivable within one year | 40/41 | €156 | €4 | -€153 | -97.7% |
| Other amounts receivable | 41 | €156 | €4 | -€153 | -97.7% |
| Cash at bank and in hand | 54/58 | €8,093 | €53,312 | +€45,220 | +558.8% |
| Total equity and liabilities | 10/49 | €137,652 | €53,316 | -€84,336 | -61.3% |
| Equity | 10/15 | €32,203 | €50,320 | +€18,117 | +56.3% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Outside capital | 11 | €45,000 | - | -€45,000 | |
| Other | 1109/19 | €45,000 | - | -€45,000 | |
| Profit (loss) carried forward | 14 | -€12,797 | €5,320 | +€18,117 | |
| Amounts payable | 17/49 | €105,449 | €2,995 | -€102,453 | -97.2% |
| Amounts payable after more than one year | 17 | €27,648 | - | -€27,648 | |
| Financial debts | 170/4 | €27,648 | - | -€27,648 | |
| Amounts payable within one year | 42/48 | €77,444 | €2,995 | -€74,449 | -96.1% |
| Current portion of amounts payable after more than one year | 42 | €77,000 | - | -€77,000 | |
| Trade debts | 44 | €18 | €1,059 | +€1,041 | +5936.2% |
| Suppliers | 440/4 | €18 | €1,059 | +€1,041 | +5936.2% |
| Taxes, remuneration and social security | 45 | €427 | €1,937 | +€1,510 | +353.8% |
| Taxes | 450/3 | €427 | €1,937 | +€1,510 | +353.8% |
| Accrued charges and deferred income | 492/3 | €356 | - | -€356 | |
| Other operating charges | 640/8 | €483 | €489 | +€6 | +1.3% |
| Gross operating margin | 9900 | -€1,675 | €24,508 | +€26,182 | |
| Operating profit (loss) | 9901 | -€2,158 | €24,018 | +€26,176 | |
| Financial income | 75/76B | - | €230 | +€230 | |
| Recurring financial income | 75 | - | €230 | +€230 | |
| Financial charges | 65/66B | €5,687 | €4,195 | -€1,492 | -26.2% |
| Recurring financial charges | 65 | €5,687 | €4,195 | -€1,492 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | -€7,845 | €20,054 | +€27,899 | |
| Income taxes | 67/77 | - | €1,937 | +€1,937 | |
| Profit (loss) for the period | 9904 | -€7,845 | €18,117 | +€25,962 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,845 | €18,117 | +€25,962 |
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 1 October 2026 via checked.be.