Pavolia: 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.
Pavolia
Largest movements
- Cash +€26,203
up €26,203 (+35.8%), from €73,206 to €99,410
mainly Receivables within one year (+€16,157) and Net result for the year (+€13,440)
- Receivables within one year -€16,157
down €16,157 (-74.4%), from €21,704 to €5,547
of which Trade receivables: -€14,587
- Reserves +€13,440
up €13,440 (+17.7%), from €76,114 to €89,554
- Tax, wage and social debts -€1,806
down €1,806 (-45.4%), from €3,976 to €2,169
- Trade debts -€1,477
down €1,477 (-88.3%), from €1,672 to €195
- Gross operating margin -€24,852
down €24,852 (-56.9%), from €43,683 to €18,831
- Taxes -€5,180
down €5,180 (-55.0%), from €9,415 to €4,235
- Depreciation +€550
up €550 (+159%), from €345 to €895
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 | €97,103 | €107,125 | +€10,021 | +10.3% |
| Fixed assets | 21/28 | €2,194 | €2,169 | -€25 | -1.1% |
| Tangible fixed assets | 22/27 | €2,194 | €2,169 | -€25 | -1.1% |
| Plant, machinery and equipment | 23 | - | €327 | +€327 | |
| Furniture and vehicles | 24 | €2,194 | €1,842 | -€351 | -16.0% |
| Current assets | 29/58 | €94,910 | €104,956 | +€10,046 | +10.6% |
| Amounts receivable within one year | 40/41 | €21,704 | €5,547 | -€16,157 | -74.4% |
| Trade receivables | 40 | €18,369 | €3,782 | -€14,587 | -79.4% |
| Other amounts receivable | 41 | €3,335 | €1,765 | -€1,570 | -47.1% |
| Cash at bank and in hand | 54/58 | €73,206 | €99,410 | +€26,203 | +35.8% |
| Total equity and liabilities | 10/49 | €97,103 | €107,125 | +€10,021 | +10.3% |
| Equity | 10/15 | €81,114 | €94,554 | +€13,440 | +16.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €76,114 | €89,554 | +€13,440 | +17.7% |
| Distributable reserves | 133 | €76,114 | €89,554 | +€13,440 | +17.7% |
| Amounts payable | 17/49 | €15,990 | €12,571 | -€3,418 | -21.4% |
| Amounts payable within one year | 42/48 | €15,990 | €12,571 | -€3,418 | -21.4% |
| Trade debts | 44 | €1,672 | €195 | -€1,477 | -88.3% |
| Suppliers | 440/4 | €1,672 | €195 | -€1,477 | -88.3% |
| Taxes, remuneration and social security | 45 | €3,976 | €2,169 | -€1,806 | -45.4% |
| Taxes | 450/3 | €3,976 | €2,169 | -€1,806 | -45.4% |
| Other amounts payable | 47/48 | €10,342 | €10,207 | -€135 | -1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €345 | €895 | +€550 | +159% |
| Other operating charges | 640/8 | €135 | €137 | +€2 | +1.5% |
| Gross operating margin | 9900 | €43,683 | €18,831 | -€24,852 | -56.9% |
| Operating profit (loss) | 9901 | €43,203 | €17,800 | -€25,404 | -58.8% |
| Financial charges | 65/66B | €192 | €125 | -€68 | -35.2% |
| Recurring financial charges | 65 | €192 | €125 | -€68 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €43,011 | €17,675 | -€25,336 | -58.9% |
| Income taxes | 67/77 | €9,415 | €4,235 | -€5,180 | -55.0% |
| Profit (loss) for the period | 9904 | €33,596 | €13,440 | -€20,156 | -60.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,596 | €13,440 | -€20,156 | -60.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.