Athelis: 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.
Athelis
Largest movements
- Cash +€54,868
up €54,868 (+279%), from €19,666 to €74,534
mainly Net result for the year (+€46,234) and Receivables within one year (+€31,234)
- Receivables within one year -€31,234
down €31,234 (-33.6%), from €92,985 to €61,751
of which Trade receivables: -€35,234
- Tangible fixed assets +€6,854
up €6,854 (+36.9%), from €18,552 to €25,406
of which Other tangible fixed assets: +€6,996
- Reserves +€46,234
up €46,234 (+47.8%), from €96,691 to €142,924
- Tax, wage and social debts -€14,291
down €14,291 (-74.2%), from €19,252 to €4,961
- Gross operating margin -€27,823
down €27,823 (-30.3%), from €91,840 to €64,017
- Taxes -€7,031
down €7,031 (-36.3%), from €19,353 to €12,322
- Depreciation +€1,722
up €1,722 (+118%), from €1,455 to €3,177
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 | €131,343 | €162,348 | +€31,004 | +23.6% |
| Fixed assets | 21/28 | €18,552 | €25,406 | +€6,854 | +36.9% |
| Tangible fixed assets | 22/27 | €18,552 | €25,406 | +€6,854 | +36.9% |
| Plant, machinery and equipment | 23 | - | €1,547 | +€1,547 | |
| Furniture and vehicles | 24 | €10,347 | €8,658 | -€1,689 | -16.3% |
| Other tangible fixed assets | 26 | €8,206 | €15,202 | +€6,996 | +85.3% |
| Current assets | 29/58 | €112,791 | €136,942 | +€24,151 | +21.4% |
| Amounts receivable within one year | 40/41 | €92,985 | €61,751 | -€31,234 | -33.6% |
| Trade receivables | 40 | €92,985 | €57,751 | -€35,234 | -37.9% |
| Other amounts receivable | 41 | - | €4,000 | +€4,000 | |
| Cash at bank and in hand | 54/58 | €19,666 | €74,534 | +€54,868 | +279% |
| Deferred charges and accrued income | 490/1 | €140 | €657 | +€516 | +369% |
| Total equity and liabilities | 10/49 | €131,343 | €162,348 | +€31,004 | +23.6% |
| Equity | 10/15 | €106,691 | €152,924 | +€46,234 | +43.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €96,691 | €142,924 | +€46,234 | +47.8% |
| Distributable reserves | 133 | €96,691 | €142,924 | +€46,234 | +47.8% |
| Amounts payable | 17/49 | €24,653 | €9,423 | -€15,229 | -61.8% |
| Amounts payable within one year | 42/48 | €24,653 | €9,423 | -€15,229 | -61.8% |
| Trade debts | 44 | €159 | €89 | -€69 | -43.7% |
| Suppliers | 440/4 | €159 | €89 | -€69 | -43.7% |
| Taxes, remuneration and social security | 45 | €19,252 | €4,961 | -€14,291 | -74.2% |
| Taxes | 450/3 | €19,252 | €4,961 | -€14,291 | -74.2% |
| Other amounts payable | 47/48 | €5,242 | €4,373 | -€869 | -16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,455 | €3,177 | +€1,722 | +118% |
| Gross operating margin | 9900 | €91,840 | €64,017 | -€27,823 | -30.3% |
| Operating profit (loss) | 9901 | €90,385 | €60,840 | -€29,545 | -32.7% |
| Financial charges | 65/66B | €1,929 | €2,285 | +€356 | +18.4% |
| Recurring financial charges | 65 | €1,929 | €2,285 | +€356 | +18.4% |
| Profit (loss) for the period before taxes | 9903 | €88,456 | €58,555 | -€29,900 | -33.8% |
| Income taxes | 67/77 | €19,353 | €12,322 | -€7,031 | -36.3% |
| Profit (loss) for the period | 9904 | €69,103 | €46,234 | -€22,869 | -33.1% |
| Profit (loss) for the period to be appropriated | 9905 | €69,103 | €46,234 | -€22,869 | -33.1% |
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 15 October 2026 via checked.be.