ATHENA COMPUTER SERVICES: 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.
ATHENA COMPUTER SERVICES
Largest movements
- Cash +€36,759
up €36,759 (+52.7%), from €69,722 to €106,481
mainly Net result for the year (+€48,735) and Depreciation (+€19,662)
- Receivables within one year +€25,914
up €25,914 (+89.9%), from €28,833 to €54,746
of which Trade receivables: +€23,425
- Tangible fixed assets -€19,030
down €19,030 (-19.9%), from €95,434 to €76,404
of which Furniture and vehicles: -€16,368
- Deferred charges and accrued income +€6,111
up €6,111 (+1654.3%), from €369 to €6,481
- Reserves +€47,885
up €47,885 (+62.4%), from €76,706 to €124,592
- Tax, wage and social debts +€12,230
up €12,230 (+58.7%), from €20,834 to €33,064
of which Taxes: +€13,928
- Debts after one year -€11,131
down €11,131 (-49.8%), from €22,346 to €11,216
- Gross operating margin +€49,808
up €49,808 (+56.0%), from €88,893 to €138,700
- Taxes +€11,126
up €11,126 (+133.8%), from €8,314 to €19,440
- Depreciation +€8,055
up €8,055 (+69.4%), from €11,607 to €19,662
- Staff costs +€2,903
up €2,903 (+6.5%), from €44,334 to €47,237
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 | €199,881 | €251,166 | +€51,285 | +25.7% |
| Fixed assets | 21/28 | €95,484 | €76,454 | -€19,030 | -19.9% |
| Tangible fixed assets | 22/27 | €95,434 | €76,404 | -€19,030 | -19.9% |
| Land and buildings | 22 | €41,215 | €38,554 | -€2,661 | -6.5% |
| Furniture and vehicles | 24 | €54,219 | €37,850 | -€16,368 | -30.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €104,397 | €174,712 | +€70,315 | +67.4% |
| Stocks and contracts in progress | 3 | €5,472 | €7,003 | +€1,531 | +28.0% |
| Stocks | 30/36 | €5,472 | €7,003 | +€1,531 | +28.0% |
| Amounts receivable within one year | 40/41 | €28,833 | €54,746 | +€25,914 | +89.9% |
| Trade receivables | 40 | €24,091 | €47,516 | +€23,425 | +97.2% |
| Other amounts receivable | 41 | €4,742 | €7,231 | +€2,489 | +52.5% |
| Cash at bank and in hand | 54/58 | €69,722 | €106,481 | +€36,759 | +52.7% |
| Deferred charges and accrued income | 490/1 | €369 | €6,481 | +€6,111 | +1654.3% |
| Total equity and liabilities | 10/49 | €199,881 | €251,166 | +€51,285 | +25.7% |
| Equity | 10/15 | €135,968 | €183,668 | +€47,700 | +35.1% |
| Contributions | 10/11 | €56,200 | €56,200 | = | 0.0% |
| Reserves | 13 | €76,706 | €124,592 | +€47,885 | +62.4% |
| Distributable reserves | 133 | €76,706 | €124,592 | +€47,885 | +62.4% |
| Investment grants | 15 | €3,062 | €2,876 | -€186 | -6.1% |
| Amounts payable | 17/49 | €63,913 | €67,498 | +€3,586 | +5.6% |
| Amounts payable after more than one year | 17 | €22,346 | €11,216 | -€11,131 | -49.8% |
| Financial debts | 170/4 | €22,346 | €11,216 | -€11,131 | -49.8% |
| Amounts payable within one year | 42/48 | €40,980 | €56,263 | +€15,283 | +37.3% |
| Current portion of amounts payable after more than one year | 42 | €10,969 | €11,131 | +€162 | +1.5% |
| Trade debts | 44 | €8,300 | €9,259 | +€959 | +11.6% |
| Suppliers | 440/4 | €8,300 | €9,259 | +€959 | +11.6% |
| Taxes, remuneration and social security | 45 | €20,834 | €33,064 | +€12,230 | +58.7% |
| Taxes | 450/3 | €10,581 | €24,509 | +€13,928 | +131.6% |
| Remuneration and social security | 454/9 | €10,253 | €8,555 | -€1,698 | -16.6% |
| Other amounts payable | 47/48 | €877 | €2,809 | +€1,933 | +220.5% |
| Accrued charges and deferred income | 492/3 | €586 | €20 | -€567 | -96.7% |
| Non-recurring operating income | 76A | €8,500 | - | -€8,500 | |
| Remuneration, social security and pensions | 62 | €44,334 | €47,237 | +€2,903 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,607 | €19,662 | +€8,055 | +69.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,274 | €1,936 | +€662 | +51.9% |
| Other operating charges | 640/8 | €1,737 | €1,282 | -€455 | -26.2% |
| Gross operating margin | 9900 | €88,893 | €138,700 | +€49,808 | +56.0% |
| Operating profit (loss) | 9901 | €29,941 | €68,583 | +€38,642 | +129.1% |
| Financial income | 75/76B | €779 | €357 | -€422 | -54.2% |
| Recurring financial income | 75 | €779 | €357 | -€422 | -54.2% |
| Financial charges | 65/66B | €387 | €765 | +€378 | +97.8% |
| Recurring financial charges | 65 | €387 | €765 | +€378 | +97.8% |
| Profit (loss) for the period before taxes | 9903 | €30,333 | €68,175 | +€37,842 | +124.8% |
| Income taxes | 67/77 | €8,314 | €19,440 | +€11,126 | +133.8% |
| Profit (loss) for the period | 9904 | €22,020 | €48,735 | +€26,716 | +121.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,020 | €48,735 | +€26,716 | +121.3% |
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 30 September 2026 via checked.be.