Petrosyan: 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.
Petrosyan
Largest movements
- Tangible fixed assets -€4,343
down €4,343 (-7.7%), from €56,446 to €52,103
of which Other tangible fixed assets: -€6,087
- Intangible fixed assets -€2,767
down €2,767 (-61.3%), from €4,510 to €1,743
- Cash +€1,698
up €1,698 (+7.0%), from €24,135 to €25,833
mainly Depreciation (+€11,009) and Net result for the year (+€10,111)
- Other debts -€11,896
down €11,896 (-90.6%), from €13,135 to €1,239
- Profit (loss) carried forward +€10,111
up €10,111 (+56.6%), from €17,868 to €27,979
- Debts after one year -€10,063
down €10,063 (-35.1%), from €28,675 to €18,611
- Tax, wage and social debts +€5,089
up €5,089 (+72.3%), from €7,036 to €12,125
of which Taxes: +€4,169
- Staff costs +€21,032
up €21,032 (+82.2%), from €25,596 to €46,628
- Gross operating margin +€5,337
up €5,337 (+7.9%), from €67,548 to €72,886
- Taxes -€2,345
down €2,345 (-48.1%), from €4,873 to €2,528
- Other operating charges -€1,583
no longer reported in 2024 (was €1,583)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €97,174 | €90,909 | -€6,265 | -6.4% |
| Fixed assets | 21/28 | €66,956 | €59,847 | -€7,110 | -10.6% |
| Intangible fixed assets | 21 | €4,510 | €1,743 | -€2,767 | -61.3% |
| Tangible fixed assets | 22/27 | €56,446 | €52,103 | -€4,343 | -7.7% |
| Furniture and vehicles | 24 | €4,414 | €6,159 | +€1,745 | +39.5% |
| Other tangible fixed assets | 26 | €52,032 | €45,944 | -€6,087 | -11.7% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €30,218 | €31,062 | +€844 | +2.8% |
| Stocks and contracts in progress | 3 | €1,533 | €1,247 | -€286 | -18.7% |
| Stocks | 30/36 | €1,533 | €1,247 | -€286 | -18.7% |
| Amounts receivable within one year | 40/41 | €4,550 | €3,812 | -€738 | -16.2% |
| Trade receivables | 40 | €3,812 | €3,812 | = | 0.0% |
| Other amounts receivable | 41 | €738 | - | -€738 | |
| Cash at bank and in hand | 54/58 | €24,135 | €25,833 | +€1,698 | +7.0% |
| Deferred charges and accrued income | 490/1 | - | €170 | +€170 | |
| Total equity and liabilities | 10/49 | €97,174 | €90,909 | -€6,265 | -6.4% |
| Equity | 10/15 | €37,968 | €48,079 | +€10,111 | +26.6% |
| Contributions | 10/11 | €20,100 | €20,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,868 | €27,979 | +€10,111 | +56.6% |
| Amounts payable | 17/49 | €59,206 | €42,830 | -€16,377 | -27.7% |
| Amounts payable after more than one year | 17 | €28,675 | €18,611 | -€10,063 | -35.1% |
| Financial debts | 170/4 | €28,675 | €18,611 | -€10,063 | -35.1% |
| Amounts payable within one year | 42/48 | €30,532 | €24,218 | -€6,313 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €9,668 | €10,063 | +€395 | +4.1% |
| Trade debts | 44 | €692 | €791 | +€98 | +14.2% |
| Suppliers | 440/4 | €692 | €791 | +€98 | +14.2% |
| Taxes, remuneration and social security | 45 | €7,036 | €12,125 | +€5,089 | +72.3% |
| Taxes | 450/3 | €4,873 | €9,042 | +€4,169 | +85.6% |
| Remuneration and social security | 454/9 | €2,163 | €3,083 | +€920 | +42.5% |
| Other amounts payable | 47/48 | €13,135 | €1,239 | -€11,896 | -90.6% |
| Remuneration, social security and pensions | 62 | €25,596 | €46,628 | +€21,032 | +82.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,435 | €11,009 | +€574 | +5.5% |
| Other operating charges | 640/8 | €1,583 | - | -€1,583 | |
| Gross operating margin | 9900 | €67,548 | €72,886 | +€5,337 | +7.9% |
| Operating profit (loss) | 9901 | €29,934 | €15,249 | -€14,686 | -49.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,537 | €2,610 | +€74 | +2.9% |
| Recurring financial charges | 65 | €2,537 | €2,610 | +€74 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €27,398 | €12,639 | -€14,759 | -53.9% |
| Income taxes | 67/77 | €4,873 | €2,528 | -€2,345 | -48.1% |
| Profit (loss) for the period | 9904 | €22,525 | €10,111 | -€12,413 | -55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €22,525 | €10,111 | -€12,413 | -55.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.