ATH-SUN: 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.
ATH-SUN
Largest movements
- Cash +€52,378
up €52,378 (+144%), from €36,494 to €88,872
mainly Other debts (+€52,268) and Depreciation (+€24,900)
- Tangible fixed assets -€14,336
down €14,336 (-9.7%), from €148,266 to €133,930
of which Plant, machinery and equipment: -€18,818
- Other debts +€52,268
new in 2025: €52,268
- Debts after one year -€10,000
down €10,000 (-25.0%), from €40,000 to €30,000
- Trade debts -€6,479
down €6,479 (-46.6%), from €13,915 to €7,436
- Tax, wage and social debts +€2,867
up €2,867 (+15.4%), from €18,593 to €21,460
of which Taxes: +€2,375
- Depreciation +€6,509
up €6,509 (+35.4%), from €18,391 to €24,900
- Financial charges +€4,764
up €4,764 (+149%), from €3,198 to €7,962
- Gross operating margin +€3,735
up €3,735 (+3.2%), from €117,178 to €120,913
- Staff costs +€2,114
up €2,114 (+2.6%), from €81,723 to €83,837
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.
Derived cash bridge
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 | €209,031 | €247,764 | +€38,733 | +18.5% |
| Fixed assets | 21/28 | €148,702 | €134,366 | -€14,336 | -9.6% |
| Tangible fixed assets | 22/27 | €148,266 | €133,930 | -€14,336 | -9.7% |
| Plant, machinery and equipment | 23 | €148,266 | €129,449 | -€18,818 | -12.7% |
| Furniture and vehicles | 24 | - | €4,481 | +€4,481 | |
| Financial fixed assets | 28 | €436 | €436 | = | 0.0% |
| Current assets | 29/58 | €60,329 | €113,398 | +€53,069 | +88.0% |
| Stocks and contracts in progress | 3 | €12,166 | €12,035 | -€131 | -1.1% |
| Stocks | 30/36 | €12,166 | €12,035 | -€131 | -1.1% |
| Amounts receivable within one year | 40/41 | €500 | €794 | +€294 | +58.8% |
| Trade receivables | 40 | - | €44 | +€44 | |
| Other amounts receivable | 41 | €500 | €750 | +€250 | +50.0% |
| Cash at bank and in hand | 54/58 | €36,494 | €88,872 | +€52,378 | +144% |
| Deferred charges and accrued income | 490/1 | €11,169 | €11,697 | +€527 | +4.7% |
| Total equity and liabilities | 10/49 | €209,031 | €247,764 | +€38,733 | +18.5% |
| Equity | 10/15 | €126,524 | €126,601 | +€77 | +0.1% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €58,324 | €58,401 | +€77 | +0.1% |
| Amounts payable | 17/49 | €82,508 | €121,163 | +€38,656 | +46.9% |
| Amounts payable after more than one year | 17 | €40,000 | €30,000 | -€10,000 | -25.0% |
| Financial debts | 170/4 | €40,000 | €30,000 | -€10,000 | -25.0% |
| Amounts payable within one year | 42/48 | €42,507 | €91,163 | +€48,656 | +114% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €13,915 | €7,436 | -€6,479 | -46.6% |
| Suppliers | 440/4 | €13,915 | €7,436 | -€6,479 | -46.6% |
| Taxes, remuneration and social security | 45 | €18,593 | €21,460 | +€2,867 | +15.4% |
| Taxes | 450/3 | €5,495 | €7,870 | +€2,375 | +43.2% |
| Remuneration and social security | 454/9 | €13,098 | €13,589 | +€492 | +3.8% |
| Other amounts payable | 47/48 | - | €52,268 | +€52,268 | |
| Remuneration, social security and pensions | 62 | €81,723 | €83,837 | +€2,114 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,391 | €24,900 | +€6,509 | +35.4% |
| Other operating charges | 640/8 | €3,025 | €4,137 | +€1,113 | +36.8% |
| Gross operating margin | 9900 | €117,178 | €120,913 | +€3,735 | +3.2% |
| Operating profit (loss) | 9901 | €14,040 | €8,039 | -€6,001 | -42.7% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100% |
| Financial charges | 65/66B | €3,198 | €7,962 | +€4,764 | +149% |
| Recurring financial charges | 65 | €3,198 | €7,962 | +€4,764 | +149% |
| Profit (loss) for the period before taxes | 9903 | €10,846 | €77 | -€10,769 | -99.3% |
| Profit (loss) for the period | 9904 | €10,846 | €77 | -€10,769 | -99.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,846 | €77 | -€10,769 | -99.3% |
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 29 October 2026 via checked.be.