PAVIOT: 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.
PAVIOT
Largest movements
- Tangible fixed assets -€4,891
down €4,891 (-1.6%), from €298,466 to €293,575
of which Land and buildings: -€9,124
- Debts after one year -€8,266
down €8,266 (-3.8%), from €217,878 to €209,612
- Profit (loss) carried forward +€8,041
up €8,041 (+10.0%), from -€80,499 to -€72,457
- Other debts -€3,711
down €3,711 (-8.3%), from €44,975 to €41,264
- Gross operating margin +€3,464
up €3,464 (+19.0%), from €18,205 to €21,669
- Other operating charges +€1,689
up €1,689 (+83.4%), from €2,025 to €3,714
- Depreciation +€563
up €563 (+5.5%), from €10,238 to €10,800
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 | €298,536 | €295,108 | -€3,428 | -1.1% |
| Fixed assets | 21/28 | €298,466 | €293,575 | -€4,891 | -1.6% |
| Tangible fixed assets | 22/27 | €298,466 | €293,575 | -€4,891 | -1.6% |
| Land and buildings | 22 | €294,267 | €285,144 | -€9,124 | -3.1% |
| Plant, machinery and equipment | 23 | €4,199 | €8,431 | +€4,233 | +100.8% |
| Current assets | 29/58 | €70 | €1,533 | +€1,463 | +2083.4% |
| Cash at bank and in hand | 54/58 | €70 | €1,533 | +€1,463 | +2083.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €298,536 | €295,108 | -€3,428 | -1.1% |
| Equity | 10/15 | €18,439 | €25,106 | +€6,667 | +36.2% |
| Contributions | 10/11 | €68,592 | €68,592 | = | 0.0% |
| Capital | 10 | €68,592 | €68,592 | = | 0.0% |
| Issued capital | 100 | €68,592 | €68,592 | = | 0.0% |
| Reserves | 13 | €30,345 | €28,971 | -€1,374 | -4.5% |
| Non-distributable reserves | 130/1 | €6,859 | €6,859 | = | 0.0% |
| Legal reserve | 130 | €6,859 | €6,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €23,486 | €22,112 | -€1,374 | -5.9% |
| Profit (loss) carried forward | 14 | -€80,499 | -€72,457 | +€8,041 | +10.0% |
| Provisions and deferred taxes | 16 | €7,791 | €7,334 | -€458 | -5.9% |
| Deferred taxes | 168 | €7,791 | €7,334 | -€458 | -5.9% |
| Amounts payable | 17/49 | €272,306 | €262,668 | -€9,638 | -3.5% |
| Amounts payable after more than one year | 17 | €217,878 | €209,612 | -€8,266 | -3.8% |
| Financial debts | 170/4 | €217,878 | €209,612 | -€8,266 | -3.8% |
| Amounts payable within one year | 42/48 | €54,428 | €53,056 | -€1,372 | -2.5% |
| Current portion of amounts payable after more than one year | 42 | €7,982 | €8,266 | +€284 | +3.6% |
| Trade debts | 44 | €1,258 | €3,297 | +€2,039 | +162.1% |
| Suppliers | 440/4 | €1,258 | €3,297 | +€2,039 | +162.1% |
| Taxes, remuneration and social security | 45 | €213 | €229 | +€16 | +7.7% |
| Taxes | 450/3 | €213 | €229 | +€16 | +7.7% |
| Other amounts payable | 47/48 | €44,975 | €41,264 | -€3,711 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,238 | €10,800 | +€563 | +5.5% |
| Other operating charges | 640/8 | €2,025 | €3,714 | +€1,689 | +83.4% |
| Gross operating margin | 9900 | €18,205 | €21,669 | +€3,464 | +19.0% |
| Operating profit (loss) | 9901 | €5,942 | €7,154 | +€1,212 | +20.4% |
| Financial charges | 65/66B | €906 | €715 | -€191 | -21.1% |
| Recurring financial charges | 65 | €906 | €715 | -€191 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €5,036 | €6,439 | +€1,403 | +27.9% |
| Transfer from deferred taxes | 780 | €458 | €458 | = | 0.0% |
| Income taxes | 67/77 | €213 | €229 | +€16 | +7.7% |
| Profit (loss) for the period | 9904 | €5,281 | €6,667 | +€1,387 | +26.3% |
| Transfer from tax-exempt reserves | 789 | €1,374 | €1,374 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,655 | €8,041 | +€1,387 | +20.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.