ATH3NA: 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.
ATH3NA
Largest movements
- Receivables within one year +€11.7m
up €11.7m (+916%), from €1.3m to €12.9m
of which Other amounts receivable: +€11.9m
- Financial fixed assets -€5.5m
down €5.5m (-100%), from €5.5m to €0
- Cash -€249,041
down €249,041 (-85.2%), from €292,356 to €43,316
mainly Receivables within one year (-€11.7m) and Debts after one year (-€1.2m)
- Reserves +€7.3m
up €7.3m (+137%), from €5.3m to €12.6m
of which Distributable reserves: +€7.3m
- Debts after one year -€1.2m
down €1.2m (-100%), from €1.2m to €0
of which Financial debts: -€1.1m
- Financial income +€6.3m
up €6.3m (+868%), from €726,200 to €7.0m
of which Non-recurring financial income: +€4.9m
- Gross operating margin -€193,809
down €193,809 (-36.7%), from €528,710 to €334,901
- Taxes -€35,885
down €35,885 (-28.5%), from €125,885 to €90,001
- Financial charges -€16,822
down €16,822 (-62.0%), from €27,146 to €10,324
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 | €7,060,069 | €12,985,199 | +€5.9m | +83.9% |
| Fixed assets | 21/28 | €5,493,374 | €0 | -€5.5m | -100% |
| Financial fixed assets | 28 | €5,493,374 | €0 | -€5.5m | -100% |
| Current assets | 29/58 | €1,566,695 | €12,985,199 | +€11.4m | +729% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €1,274,268 | €12,941,810 | +€11.7m | +916% |
| Trade receivables | 40 | €548,688 | €354,652 | -€194,036 | -35.4% |
| Other amounts receivable | 41 | €725,580 | €12,587,159 | +€11.9m | +1,635% |
| Cash at bank and in hand | 54/58 | €292,356 | €43,316 | -€249,041 | -85.2% |
| Deferred charges and accrued income | 490/1 | €71 | €73 | +€2 | +2.9% |
| Total equity and liabilities | 10/49 | €7,060,069 | €12,985,199 | +€5.9m | +83.9% |
| Equity | 10/15 | €5,697,763 | €12,962,699 | +€7.3m | +128% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Capital | 10 | €400,000 | €400,000 | = | 0.0% |
| Issued capital | 100 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €5,290,000 | €12,554,900 | +€7.3m | +137% |
| Non-distributable reserves | 130/1 | €40,000 | €40,000 | = | 0.0% |
| Legal reserve | 130 | €40,000 | €40,000 | = | 0.0% |
| Distributable reserves | 133 | €5,250,000 | €12,514,900 | +€7.3m | +138% |
| Profit (loss) carried forward | 14 | €7,763 | €7,799 | +€36 | +0.5% |
| Amounts payable | 17/49 | €1,362,306 | €22,500 | -€1.3m | -98.3% |
| Amounts payable after more than one year | 17 | €1,187,561 | €0 | -€1.2m | -100% |
| Financial debts | 170/4 | €1,140,364 | €0 | -€1.1m | -100% |
| Other amounts payable | 178/9 | €47,197 | €0 | -€47,197 | -100% |
| Amounts payable within one year | 42/48 | €174,745 | €22,500 | -€152,245 | -87.1% |
| Financial debts | 43 | €42,277 | €0 | -€42,277 | -100% |
| Credit institutions | 430/8 | €42,277 | €0 | -€42,277 | -100% |
| Trade debts | 44 | €28,645 | €22,500 | -€6,145 | -21.5% |
| Suppliers | 440/4 | €28,645 | €22,500 | -€6,145 | -21.5% |
| Taxes, remuneration and social security | 45 | €103,822 | €0 | -€103,822 | -100% |
| Taxes | 450/3 | €103,822 | €0 | -€103,822 | -100% |
| Other operating charges | 640/8 | €1,150 | €1,145 | -€6 | -0.5% |
| Gross operating margin | 9900 | €528,710 | €334,901 | -€193,809 | -36.7% |
| Operating profit (loss) | 9901 | €527,560 | €333,756 | -€193,804 | -36.7% |
| Financial income | 75/76B | €726,200 | €7,031,504 | +€6.3m | +868% |
| Recurring financial income | 75 | €726,200 | €2,118,628 | +€1.4m | +192% |
| Non-recurring financial income | 76B | - | €4,912,876 | +€4.9m | |
| Financial charges | 65/66B | €27,146 | €10,324 | -€16,822 | -62.0% |
| Recurring financial charges | 65 | €27,146 | €10,324 | -€16,822 | -62.0% |
| Profit (loss) for the period before taxes | 9903 | €1,226,614 | €7,354,936 | +€6.1m | +500% |
| Income taxes | 67/77 | €125,885 | €90,001 | -€35,885 | -28.5% |
| Profit (loss) for the period | 9904 | €1,100,729 | €7,264,936 | +€6.2m | +560% |
| Profit (loss) for the period to be appropriated | 9905 | €1,100,729 | €7,264,936 | +€6.2m | +560% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.