Andro Petrosovitch: 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.
Andro Petrosovitch
Largest movements
- Receivables within one year +€93,721
up €93,721 (+46.8%), from €200,089 to €293,810
of which Other amounts receivable: +€92,187
- Tangible fixed assets +€75,790
up €75,790 (+899.9%), from €8,422 to €84,212
of which Furniture and vehicles: +€76,082
- Cash +€47,479
up €47,479 (+10.4%), from €457,303 to €504,783
mainly Net result for the year (+€185,605) and Other debts (+€157,765)
- Other debts +€157,765
new in 2025: €157,765
- Debts after one year +€46,755
new in 2025: €46,755
- Current portion of long-term debt +€21,149
new in 2025: €21,149
- Tax, wage and social debts -€9,591
down €9,591 (-5.5%), from €174,069 to €164,478
- Gross operating margin +€31,728
up €31,728 (+14.1%), from €224,701 to €256,428
- Depreciation +€18,762
up €18,762 (+893.4%), from €2,100 to €20,862
- Taxes +€4,907
up €4,907 (+9.1%), from €53,660 to €58,567
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 | €667,108 | €884,915 | +€217,806 | +32.6% |
| Fixed assets | 21/28 | €8,422 | €84,212 | +€75,790 | +899.9% |
| Tangible fixed assets | 22/27 | €8,422 | €84,212 | +€75,790 | +899.9% |
| Plant, machinery and equipment | 23 | €2,915 | €2,623 | -€293 | -10.0% |
| Furniture and vehicles | 24 | €5,507 | €81,589 | +€76,082 | +1381.7% |
| Current assets | 29/58 | €658,687 | €800,703 | +€142,017 | +21.6% |
| Amounts receivable within one year | 40/41 | €200,089 | €293,810 | +€93,721 | +46.8% |
| Trade receivables | 40 | €5,191 | €6,725 | +€1,534 | +29.6% |
| Other amounts receivable | 41 | €194,898 | €287,085 | +€92,187 | +47.3% |
| Cash at bank and in hand | 54/58 | €457,303 | €504,783 | +€47,479 | +10.4% |
| Deferred charges and accrued income | 490/1 | €1,295 | €2,111 | +€817 | +63.1% |
| Total equity and liabilities | 10/49 | €667,108 | €884,915 | +€217,806 | +32.6% |
| Equity | 10/15 | €487,430 | €487,430 | = | 0.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €472,430 | €472,430 | = | 0.0% |
| Amounts payable | 17/49 | €179,678 | €397,485 | +€217,806 | +121.2% |
| Amounts payable after more than one year | 17 | - | €46,755 | +€46,755 | |
| Financial debts | 170/4 | - | €46,755 | +€46,755 | |
| Amounts payable within one year | 42/48 | €179,665 | €350,717 | +€171,051 | +95.2% |
| Current portion of amounts payable after more than one year | 42 | - | €21,149 | +€21,149 | |
| Trade debts | 44 | €5,596 | €7,325 | +€1,729 | +30.9% |
| Suppliers | 440/4 | €5,596 | €7,325 | +€1,729 | +30.9% |
| Taxes, remuneration and social security | 45 | €174,069 | €164,478 | -€9,591 | -5.5% |
| Taxes | 450/3 | €174,069 | €164,478 | -€9,591 | -5.5% |
| Other amounts payable | 47/48 | - | €157,765 | +€157,765 | |
| Accrued charges and deferred income | 492/3 | €13 | €13 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,100 | €20,862 | +€18,762 | +893.4% |
| Other operating charges | 640/8 | €3,026 | €491 | -€2,535 | -83.8% |
| Gross operating margin | 9900 | €224,701 | €256,428 | +€31,728 | +14.1% |
| Operating profit (loss) | 9901 | €219,574 | €235,075 | +€15,501 | +7.1% |
| Financial income | 75/76B | €9,966 | €12,461 | +€2,494 | +25.0% |
| Recurring financial income | 75 | €9,966 | €12,461 | +€2,494 | +25.0% |
| Financial charges | 65/66B | €2,456 | €3,363 | +€908 | +37.0% |
| Recurring financial charges | 65 | €2,456 | €3,363 | +€908 | +37.0% |
| Profit (loss) for the period before taxes | 9903 | €227,085 | €244,172 | +€17,087 | +7.5% |
| Income taxes | 67/77 | €53,660 | €58,567 | +€4,907 | +9.1% |
| Profit (loss) for the period | 9904 | €173,425 | €185,605 | +€12,180 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €173,425 | €185,605 | +€12,180 | +7.0% |
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 9 October 2026 via checked.be.