ATENA CONSTRUCT: 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.
ATENA CONSTRUCT
Largest movements
- Receivables within one year -€69,774
down €69,774 (-46.4%), from €150,319 to €80,545
of which Trade receivables: -€51,565
- Cash +€7,184
up €7,184 (+1,651%), from €435 to €7,620
- Tangible fixed assets +€4,037
up €4,037 (+199%), from €2,027 to €6,063
of which Furniture and vehicles: +€4,853
- Trade debts -€86,347
down €86,347 (-83.9%), from €102,927 to €16,580
- Reserves +€21,663
up €21,663 (+60.4%), from €35,862 to €57,525
of which Distributable reserves: +€21,663
- Tax, wage and social debts +€4,713
up €4,713 (+174%), from €2,712 to €7,425
- Other debts +€1,557
new in 2025: €1,557
- Gross operating margin +€16,952
up €16,952 (+555%), from €3,054 to €20,006
- Taxes +€3,129
up €3,129 (+391%), from €800 to €3,929
- Depreciation +€2,029
new in 2025: €2,029
- Financial charges -€616
down €616 (-73.1%), from €843 to €227
- Other operating charges -€435
down €435 (-92.5%), from €470 to €35
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €153,901 | €95,486 | -€58,414 | -38.0% |
| Fixed assets | 21/28 | €2,327 | €6,363 | +€4,037 | +174% |
| Tangible fixed assets | 22/27 | €2,027 | €6,063 | +€4,037 | +199% |
| Plant, machinery and equipment | 23 | €2,027 | €1,211 | -€816 | -40.3% |
| Furniture and vehicles | 24 | - | €4,853 | +€4,853 | |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €151,574 | €89,123 | -€62,451 | -41.2% |
| Amounts receivable within one year | 40/41 | €150,319 | €80,545 | -€69,774 | -46.4% |
| Trade receivables | 40 | €129,927 | €78,362 | -€51,565 | -39.7% |
| Other amounts receivable | 41 | €20,392 | €2,183 | -€18,209 | -89.3% |
| Cash at bank and in hand | 54/58 | €435 | €7,620 | +€7,184 | +1,651% |
| Deferred charges and accrued income | 490/1 | €820 | €958 | +€138 | +16.9% |
| Total equity and liabilities | 10/49 | €153,901 | €95,486 | -€58,414 | -38.0% |
| Equity | 10/15 | €48,262 | €69,925 | +€21,663 | +44.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €35,862 | €57,525 | +€21,663 | +60.4% |
| Non-distributable reserves | 130/1 | €1,044 | €1,044 | = | 0.0% |
| Legal reserve | 130 | €1,044 | €1,044 | = | 0.0% |
| Distributable reserves | 133 | €34,818 | €56,481 | +€21,663 | +62.2% |
| Amounts payable | 17/49 | €105,639 | €25,562 | -€80,077 | -75.8% |
| Amounts payable within one year | 42/48 | €105,639 | €25,562 | -€80,077 | -75.8% |
| Trade debts | 44 | €102,927 | €16,580 | -€86,347 | -83.9% |
| Suppliers | 440/4 | €102,927 | €16,580 | -€86,347 | -83.9% |
| Taxes, remuneration and social security | 45 | €2,712 | €7,425 | +€4,713 | +174% |
| Taxes | 450/3 | €2,712 | €7,425 | +€4,713 | +174% |
| Other amounts payable | 47/48 | - | €1,557 | +€1,557 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,029 | +€2,029 | |
| Other operating charges | 640/8 | €470 | €35 | -€435 | -92.5% |
| Gross operating margin | 9900 | €3,054 | €20,006 | +€16,952 | +555% |
| Operating profit (loss) | 9901 | €2,584 | €17,942 | +€15,358 | +594% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €843 | €227 | -€616 | -73.1% |
| Recurring financial charges | 65 | €843 | €227 | -€616 | -73.1% |
| Profit (loss) for the period before taxes | 9903 | €1,742 | €17,715 | +€15,973 | +917% |
| Income taxes | 67/77 | €800 | €3,929 | +€3,129 | +391% |
| Profit (loss) for the period | 9904 | €942 | €13,786 | +€12,844 | +1,363% |
| Profit (loss) for the period to be appropriated | 9905 | €942 | €13,786 | +€12,844 | +1,363% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.