Alexandre Pasdermadjian: 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.
Alexandre Pasdermadjian
Largest movements
- Cash +€38,529
up €38,529 (+141%), from €27,411 to €65,940
mainly Net result for the year (+€42,429) and Tax, wage and social debts (+€12,207)
- Tangible fixed assets +€14,239
new in 2025: €14,239
- Profit (loss) carried forward +€41,596
up €41,596 (+3,396%), from €1,225 to €42,820
- Tax, wage and social debts +€12,207
up €12,207 (+133%), from €9,156 to €21,363
of which Taxes: +€13,507
- Gross operating margin +€52,472
up €52,472 (+1,956%), from €2,683 to €55,155
- Taxes +€10,180
up €10,180 (+1,697%), from €600 to €10,780
- Financial charges +€1,361
new in 2025: €1,361
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 | €27,411 | €80,816 | +€53,405 | +195% |
| Fixed assets | 21/28 | - | €14,239 | +€14,239 | |
| Tangible fixed assets | 22/27 | - | €14,239 | +€14,239 | |
| Other tangible fixed assets | 26 | - | €14,239 | +€14,239 | |
| Current assets | 29/58 | €27,411 | €66,577 | +€39,165 | +143% |
| Cash at bank and in hand | 54/58 | €27,411 | €65,940 | +€38,529 | +141% |
| Deferred charges and accrued income | 490/1 | - | €637 | +€637 | |
| Total equity and liabilities | 10/49 | €27,411 | €80,816 | +€53,405 | +195% |
| Equity | 10/15 | €16,225 | €57,820 | +€41,596 | +256% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,225 | €42,820 | +€41,596 | +3,396% |
| Amounts payable | 17/49 | €11,187 | €22,996 | +€11,809 | +106% |
| Amounts payable within one year | 42/48 | €11,007 | €22,996 | +€11,989 | +109% |
| Trade debts | 44 | €1,050 | €800 | -€251 | -23.9% |
| Suppliers | 440/4 | €1,050 | €800 | -€251 | -23.9% |
| Taxes, remuneration and social security | 45 | €9,156 | €21,363 | +€12,207 | +133% |
| Taxes | 450/3 | €5,356 | €18,863 | +€13,507 | +252% |
| Remuneration and social security | 454/9 | €3,800 | €2,500 | -€1,300 | -34.2% |
| Other amounts payable | 47/48 | €800 | €833 | +€33 | +4.1% |
| Accrued charges and deferred income | 492/3 | €180 | - | -€180 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €198 | +€198 | |
| Other operating charges | 640/8 | €58 | €387 | +€329 | +569% |
| Gross operating margin | 9900 | €2,683 | €55,155 | +€52,472 | +1,956% |
| Operating profit (loss) | 9901 | €2,625 | €54,570 | +€51,945 | +1,979% |
| Financial charges | 65/66B | - | €1,361 | +€1,361 | |
| Recurring financial charges | 65 | - | €1,361 | +€1,361 | |
| Profit (loss) for the period before taxes | 9903 | €2,625 | €53,208 | +€50,584 | +1,927% |
| Income taxes | 67/77 | €600 | €10,780 | +€10,180 | +1,697% |
| Profit (loss) for the period | 9904 | €2,025 | €42,429 | +€40,404 | +1,996% |
| Profit (loss) for the period to be appropriated | 9905 | €2,025 | €42,429 | +€40,404 | +1,996% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.