ATHENA-city: 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.
ATHENA-city
Largest movements
- Receivables within one year +€29,082
up €29,082 (+2,762%), from €1,053 to €30,135
- Financial fixed assets +€1,052
up €1,052 (+4,208%), from €25 to €1,077
- Tangible fixed assets -€1,030
down €1,030 (-20.8%), from €4,946 to €3,916
- Profit (loss) carried forward +€30,730
up €30,730 (+25.1%), from -€122,511 to -€91,781
- Current portion of long-term debt -€4,333
no longer reported in 2025 (was €4,333)
- Trade debts +€2,819
up €2,819 (+15.1%), from €18,669 to €21,488
- Purchases and services +€139,633
new in 2025: €139,633
- Staff costs +€10,844
up €10,844 (+31.8%), from €34,122 to €44,966
- Gross operating margin +€6,843
up €6,843 (+8.6%), from €79,111 to €85,954
- Taxes +€4,000
new in 2025: €4,000
- Other operating charges -€1,286
down €1,286 (-24.2%), from €5,313 to €4,027
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 | €6,027 | €35,128 | +€29,101 | +483% |
| Fixed assets | 21/28 | €4,971 | €4,993 | +€22 | +0.4% |
| Tangible fixed assets | 22/27 | €4,946 | €3,916 | -€1,030 | -20.8% |
| Furniture and vehicles | 24 | €4,946 | €3,916 | -€1,030 | -20.8% |
| Financial fixed assets | 28 | €25 | €1,077 | +€1,052 | +4,208% |
| Current assets | 29/58 | €1,056 | €30,135 | +€29,079 | +2,754% |
| Amounts receivable within one year | 40/41 | €1,053 | €30,135 | +€29,082 | +2,762% |
| Other amounts receivable | 41 | €1,053 | €30,135 | +€29,082 | +2,762% |
| Cash at bank and in hand | 54/58 | €3 | - | -€3 | |
| Total equity and liabilities | 10/49 | €6,027 | €35,128 | +€29,101 | +483% |
| Equity | 10/15 | -€20,733 | €9,997 | +€30,730 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €83,186 | €83,186 | = | 0.0% |
| Non-distributable reserves | 130/1 | €129 | €129 | = | 0.0% |
| Reserves not available under the articles | 1311 | €129 | €129 | = | 0.0% |
| Tax-exempt reserves | 132 | €36,000 | €36,000 | = | 0.0% |
| Distributable reserves | 133 | €47,057 | €47,057 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€122,511 | -€91,781 | +€30,730 | +25.1% |
| Amounts payable | 17/49 | €26,760 | €25,131 | -€1,629 | -6.1% |
| Amounts payable within one year | 42/48 | €26,760 | €25,131 | -€1,629 | -6.1% |
| Current portion of amounts payable after more than one year | 42 | €4,333 | - | -€4,333 | |
| Financial debts | 43 | €395 | €81 | -€314 | -79.5% |
| Credit institutions | 430/8 | €395 | €81 | -€314 | -79.5% |
| Trade debts | 44 | €18,669 | €21,488 | +€2,819 | +15.1% |
| Suppliers | 440/4 | €18,669 | €21,488 | +€2,819 | +15.1% |
| Taxes, remuneration and social security | 45 | €3,253 | €3,562 | +€309 | +9.5% |
| Taxes | 450/3 | €3,253 | €3,562 | +€309 | +9.5% |
| Other amounts payable | 47/48 | €110 | - | -€110 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €139,633 | +€139,633 | |
| Remuneration, social security and pensions | 62 | €34,122 | €44,966 | +€10,844 | +31.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €202 | €1,030 | +€828 | +410% |
| Other operating charges | 640/8 | €5,313 | €4,027 | -€1,286 | -24.2% |
| Gross operating margin | 9900 | €79,111 | €85,954 | +€6,843 | +8.6% |
| Operating profit (loss) | 9901 | €39,474 | €35,931 | -€3,543 | -9.0% |
| Financial income | 75/76B | €5 | €73 | +€68 | +1,360% |
| Recurring financial income | 75 | €5 | €73 | +€68 | +1,360% |
| Financial charges | 65/66B | €2,145 | €1,274 | -€871 | -40.6% |
| Recurring financial charges | 65 | €2,145 | €1,274 | -€871 | -40.6% |
| Profit (loss) for the period before taxes | 9903 | €37,334 | €34,730 | -€2,604 | -7.0% |
| Income taxes | 67/77 | - | €4,000 | +€4,000 | |
| Profit (loss) for the period | 9904 | €37,334 | €30,730 | -€6,604 | -17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,334 | €30,730 | -€6,604 | -17.7% |
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 30 October 2026 via checked.be.