Atenea: 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.
Atenea
Largest movements
- Receivables after one year +€35,000
up €35,000 (+30.8%), from €113,775 to €148,775
- Cash +€19,887
up €19,887 (+116.0%), from €17,141 to €37,028
mainly Net result for the year (+€58,212) and Depreciation (+€10,848)
- Current investments +€15,851
up €15,851 (+24.6%), from €64,532 to €80,383
- Tangible fixed assets -€10,848
down €10,848 (-58.1%), from €18,666 to €7,817
of which Furniture and vehicles: -€10,618
- Reserves +€53,446
up €53,446 (+23.0%), from €231,946 to €285,392
- Tax, wage and social debts +€6,564
up €6,564 (+94.0%), from €6,984 to €13,549
- Profit (loss) carried forward +€4,766
no longer reported in 2025 (was -€4,766)
- Other debts -€4,395
down €4,395 (-79.0%), from €5,561 to €1,166
- Gross operating margin +€53,694
up €53,694 (+406.3%), from €13,216 to €66,910
- Financial charges -€32,853
down €32,853, from €19,831 to -€13,022
- Taxes +€12,889
up €12,889 (+235.2%), from €5,480 to €18,369
- Financial income -€10,732
down €10,732 (-56.7%), from €18,931 to €8,199
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 | €240,939 | €301,260 | +€60,320 | +25.0% |
| Fixed assets | 21/28 | €18,666 | €7,817 | -€10,848 | -58.1% |
| Tangible fixed assets | 22/27 | €18,666 | €7,817 | -€10,848 | -58.1% |
| Land and buildings | 22 | €749 | €518 | -€230 | -30.8% |
| Furniture and vehicles | 24 | €17,917 | €7,299 | -€10,618 | -59.3% |
| Current assets | 29/58 | €222,274 | €293,442 | +€71,169 | +32.0% |
| Amounts receivable after more than one year | 29 | €113,775 | €148,775 | +€35,000 | +30.8% |
| Other amounts receivable | 291 | €113,775 | €148,775 | +€35,000 | +30.8% |
| Amounts receivable within one year | 40/41 | €23,054 | €21,825 | -€1,229 | -5.3% |
| Trade receivables | 40 | €16,500 | €21,825 | +€5,325 | +32.3% |
| Other amounts receivable | 41 | €6,554 | - | -€6,554 | |
| Current investments | 50/53 | €64,532 | €80,383 | +€15,851 | +24.6% |
| Cash at bank and in hand | 54/58 | €17,141 | €37,028 | +€19,887 | +116.0% |
| Deferred charges and accrued income | 490/1 | €3,771 | €5,431 | +€1,660 | +44.0% |
| Total equity and liabilities | 10/49 | €240,939 | €301,260 | +€60,320 | +25.0% |
| Equity | 10/15 | €227,180 | €285,392 | +€58,212 | +25.6% |
| Reserves | 13 | €231,946 | €285,392 | +€53,446 | +23.0% |
| Distributable reserves | 133 | €231,946 | €285,392 | +€53,446 | +23.0% |
| Profit (loss) carried forward | 14 | -€4,766 | - | +€4,766 | |
| Amounts payable | 17/49 | €13,759 | €15,867 | +€2,108 | +15.3% |
| Amounts payable within one year | 42/48 | €12,545 | €14,715 | +€2,170 | +17.3% |
| Taxes, remuneration and social security | 45 | €6,984 | €13,549 | +€6,564 | +94.0% |
| Taxes | 450/3 | €6,984 | €13,549 | +€6,564 | +94.0% |
| Other amounts payable | 47/48 | €5,561 | €1,166 | -€4,395 | -79.0% |
| Accrued charges and deferred income | 492/3 | €1,214 | €1,153 | -€62 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,881 | €10,848 | -€32 | -0.3% |
| Other operating charges | 640/8 | €721 | €702 | -€19 | -2.7% |
| Gross operating margin | 9900 | €13,216 | €66,910 | +€53,694 | +406.3% |
| Operating profit (loss) | 9901 | €1,615 | €55,360 | +€53,745 | +3328.5% |
| Financial income | 75/76B | €18,931 | €8,199 | -€10,732 | -56.7% |
| Recurring financial income | 75 | €18,931 | €8,199 | -€10,732 | -56.7% |
| Financial charges | 65/66B | €19,831 | -€13,022 | -€32,853 | |
| Recurring financial charges | 65 | €19,831 | -€13,022 | -€32,853 | |
| Profit (loss) for the period before taxes | 9903 | €714 | €76,581 | +€75,867 | +10625.5% |
| Income taxes | 67/77 | €5,480 | €18,369 | +€12,889 | +235.2% |
| Profit (loss) for the period | 9904 | -€4,766 | €58,212 | +€62,978 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,766 | €58,212 | +€62,978 |
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 12 October 2026 via checked.be.