ATHAE: what changed
Two fiscal 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.
ATHAE
Largest movements
- Receivables within one year -€2,197
no longer reported in 2025 (was €2,197)
- Cash +€2,042
up €2,042 (+981.7%), from €208 to €2,250
mainly Receivables within one year (+€2,197) and Other debts (+€867)
- Other debts +€867
up €867 (+74.5%), from €1,164 to €2,031
- Profit (loss) carried forward -€826
down €826 (-9.1%), from -€9,115 to -€9,941
- Trade debts -€196
down €196 (-1.6%), from €12,296 to €12,100
- Gross operating margin -€145
down €145 (-27.6%), from -€526 to -€671
- Purchases and services +€145
up €145 (+27.6%), from €526 to €671
- Financial charges -€29
down €29 (-15.8%), from €184 to €155
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 | €12,405 | €12,250 | -€155 | -1.2% |
| Current assets | 29/58 | €12,405 | €12,250 | -€155 | -1.2% |
| Stocks and contracts in progress | 3 | €10,000 | €10,000 | = | 0.0% |
| Stocks | 30/36 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €2,197 | - | -€2,197 | |
| Other amounts receivable | 41 | €2,197 | - | -€2,197 | |
| Cash at bank and in hand | 54/58 | €208 | €2,250 | +€2,042 | +981.7% |
| Total equity and liabilities | 10/49 | €12,405 | €12,250 | -€155 | -1.2% |
| Equity | 10/15 | -€1,055 | -€1,881 | -€826 | -78.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,115 | -€9,941 | -€826 | -9.1% |
| Amounts payable | 17/49 | €13,460 | €14,131 | +€671 | +5.0% |
| Amounts payable within one year | 42/48 | €13,460 | €14,131 | +€671 | +5.0% |
| Trade debts | 44 | €12,296 | €12,100 | -€196 | -1.6% |
| Suppliers | 440/4 | €12,296 | €12,100 | -€196 | -1.6% |
| Other amounts payable | 47/48 | €1,164 | €2,031 | +€867 | +74.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €526 | €671 | +€145 | +27.6% |
| Gross operating margin | 9900 | -€526 | -€671 | -€145 | -27.6% |
| Operating profit (loss) | 9901 | -€526 | -€671 | -€145 | -27.6% |
| Financial charges | 65/66B | €184 | €155 | -€29 | -15.8% |
| Recurring financial charges | 65 | €184 | €155 | -€29 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | -€710 | -€826 | -€116 | -16.3% |
| Profit (loss) for the period | 9904 | -€710 | -€826 | -€116 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€710 | -€826 | -€116 | -16.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.