Pavonis, Services & Consulting: 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.
Pavonis, Services & Consulting
Largest movements
- Receivables within one year -€41,256
down €41,256 (-70.9%), from €58,208 to €16,952
of which Trade receivables: -€42,948
- Stocks and contracts -€6,802
down €6,802 (-7.0%), from €97,751 to €90,949
- Trade debts -€44,100
down €44,100 (-50.4%), from €87,551 to €43,450
- Short-term financial debts +€7,340
up €7,340 (+72.6%), from €10,115 to €17,455
- Profit (loss) carried forward -€6,383
down €6,383 (-22.4%), from -€28,490 to -€34,873
- Other debts -€5,844
down €5,844 (-8.7%), from €66,976 to €61,132
- Write-downs +€31,286
new in 2025: €31,286
- Gross operating margin -€7,109
down €7,109 (-18.8%), from €37,791 to €30,682
- Financial income +€2,200
up €2,200 (+994%), from €221 to €2,421
- Other operating charges +€2,040
up €2,040 (+116%), from €1,753 to €3,794
- Financial charges -€1,690
down €1,690 (-36.4%), from €4,644 to €2,954
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 | €157,009 | €108,447 | -€48,563 | -30.9% |
| Fixed assets | 21/28 | €1,050 | €546 | -€504 | -48.0% |
| Tangible fixed assets | 22/27 | €1,050 | €546 | -€504 | -48.0% |
| Furniture and vehicles | 24 | €1,050 | €546 | -€504 | -48.0% |
| Current assets | 29/58 | €155,959 | €107,901 | -€48,058 | -30.8% |
| Stocks and contracts in progress | 3 | €97,751 | €90,949 | -€6,802 | -7.0% |
| Stocks | 30/36 | €97,751 | €90,949 | -€6,802 | -7.0% |
| Amounts receivable within one year | 40/41 | €58,208 | €16,952 | -€41,256 | -70.9% |
| Trade receivables | 40 | €54,396 | €11,448 | -€42,948 | -79.0% |
| Other amounts receivable | 41 | €3,812 | €5,503 | +€1,692 | +44.4% |
| Total equity and liabilities | 10/49 | €157,009 | €108,447 | -€48,563 | -30.9% |
| Equity | 10/15 | -€8,030 | -€14,413 | -€6,383 | -79.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,490 | -€34,873 | -€6,383 | -22.4% |
| Amounts payable | 17/49 | €165,040 | €122,860 | -€42,180 | -25.6% |
| Amounts payable within one year | 42/48 | €165,040 | €122,860 | -€42,180 | -25.6% |
| Financial debts | 43 | €10,115 | €17,455 | +€7,340 | +72.6% |
| Credit institutions | 430/8 | €10,115 | €17,455 | +€7,340 | +72.6% |
| Trade debts | 44 | €87,551 | €43,450 | -€44,100 | -50.4% |
| Suppliers | 440/4 | €87,551 | €43,450 | -€44,100 | -50.4% |
| Taxes, remuneration and social security | 45 | €398 | €823 | +€424 | +107% |
| Taxes | 450/3 | €398 | €823 | +€424 | +107% |
| Other amounts payable | 47/48 | €66,976 | €61,132 | -€5,844 | -8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €462 | €504 | +€42 | +9.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €31,286 | +€31,286 | |
| Other operating charges | 640/8 | €1,753 | €3,794 | +€2,040 | +116% |
| Gross operating margin | 9900 | €37,791 | €30,682 | -€7,109 | -18.8% |
| Operating profit (loss) | 9901 | €35,575 | -€4,902 | -€40,477 | |
| Financial income | 75/76B | €221 | €2,421 | +€2,200 | +994% |
| Recurring financial income | 75 | €221 | €2,421 | +€2,200 | +994% |
| Financial charges | 65/66B | €4,644 | €2,954 | -€1,690 | -36.4% |
| Recurring financial charges | 65 | €4,644 | €2,954 | -€1,690 | -36.4% |
| Profit (loss) for the period before taxes | 9903 | €31,152 | -€5,435 | -€36,587 | |
| Income taxes | 67/77 | €398 | €948 | +€550 | +138% |
| Profit (loss) for the period | 9904 | €30,754 | -€6,383 | -€37,136 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,754 | -€6,383 | -€37,136 |
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 24 October 2026 via checked.be.