YEREVAN: 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.
YEREVAN
Largest movements
- Tangible fixed assets -€8,535
down €8,535 (-80.0%), from €10,668 to €2,134
of which Plant, machinery and equipment: -€8,158
- Receivables within one year +€7,916
up €7,916 (+26.0%), from €30,474 to €38,390
- Cash -€2,720
down €2,720 (-21.0%), from €12,960 to €10,240
mainly Net result for the year (-€8,093) and Receivables within one year (-€7,916)
- Intangible fixed assets -€1,000
down €1,000 (-80.0%), from €1,250 to €250
- Trade debts +€9,194
new in 2024: €9,194
- Profit (loss) carried forward -€8,093
down €8,093 (-98.1%), from €8,253 to €160
- Reserves -€5,000
down €5,000 (-27.8%), from €18,000 to €13,000
of which Distributable reserves: -€5,000
- Purchases and services +€33,903
up €33,903 (+18.9%), from €179,607 to €213,510
- Gross operating margin -€25,810
down €25,810 (-93.3%), from €27,671 to €1,861
- Turnover -€2,810
down €2,810 (-1.4%), from €205,206 to €202,397
- Other operating charges +€2,298
new in 2024: €2,298
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 | €57,693 | €53,354 | -€4,339 | -7.5% |
| Fixed assets | 21/28 | €12,078 | €2,543 | -€9,535 | -78.9% |
| Intangible fixed assets | 21 | €1,250 | €250 | -€1,000 | -80.0% |
| Tangible fixed assets | 22/27 | €10,668 | €2,134 | -€8,535 | -80.0% |
| Plant, machinery and equipment | 23 | €10,197 | €2,039 | -€8,158 | -80.0% |
| Furniture and vehicles | 24 | €471 | €94 | -€377 | -80.0% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €45,614 | €50,810 | +€5,196 | +11.4% |
| Stocks and contracts in progress | 3 | €2,180 | €2,180 | = | 0.0% |
| Stocks | 30/36 | €2,180 | €2,180 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,474 | €38,390 | +€7,916 | +26.0% |
| Other amounts receivable | 41 | €30,474 | €38,390 | +€7,916 | +26.0% |
| Cash at bank and in hand | 54/58 | €12,960 | €10,240 | -€2,720 | -21.0% |
| Total equity and liabilities | 10/49 | €57,693 | €53,354 | -€4,339 | -7.5% |
| Equity | 10/15 | €56,253 | €43,160 | -€13,093 | -23.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €18,000 | €13,000 | -€5,000 | -27.8% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €15,000 | €10,000 | -€5,000 | -33.3% |
| Profit (loss) carried forward | 14 | €8,253 | €160 | -€8,093 | -98.1% |
| Amounts payable | 17/49 | €1,440 | €10,194 | +€8,754 | +608% |
| Amounts payable within one year | 42/48 | €1,440 | €10,194 | +€8,754 | +608% |
| Trade debts | 44 | - | €9,194 | +€9,194 | |
| Suppliers | 440/4 | - | €9,194 | +€9,194 | |
| Taxes, remuneration and social security | 45 | €1,440 | €1,000 | -€440 | -30.5% |
| Taxes | 450/3 | €1,440 | €1,000 | -€440 | -30.5% |
| Turnover | 70 | €205,206 | €202,397 | -€2,810 | -1.4% |
| Non-recurring operating income | 76A | - | €12,975 | +€12,975 | |
| Goods, raw materials, services and sundry goods | 60/61 | €179,607 | €213,510 | +€33,903 | +18.9% |
| Remuneration, social security and pensions | 62 | €349 | €163 | -€186 | -53.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,535 | €9,535 | = | 0.0% |
| Other operating charges | 640/8 | - | €2,298 | +€2,298 | |
| Non-recurring operating charges | 66A | - | €10 | +€10 | |
| Gross operating margin | 9900 | €27,671 | €1,861 | -€25,810 | -93.3% |
| Operating profit (loss) | 9901 | €17,787 | -€10,145 | -€27,933 | |
| Financial income | 75/76B | €977 | €2,052 | +€1,075 | +110% |
| Recurring financial income | 75 | €977 | €2,052 | +€1,075 | +110% |
| Financial charges | 65/66B | €145 | - | -€145 | |
| Recurring financial charges | 65 | €145 | - | -€145 | |
| Profit (loss) for the period before taxes | 9903 | €18,619 | -€8,093 | -€26,713 | |
| Income taxes | 67/77 | €1,000 | - | -€1,000 | |
| Profit (loss) for the period | 9904 | €17,619 | -€8,093 | -€25,713 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,619 | -€8,093 | -€25,713 |
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 13 October 2026 via checked.be.