ATHENA DIDACT: 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 DIDACT
Largest movements
- Receivables within one year +€18,047
up €18,047 (+167%), from €10,833 to €28,880
of which Trade receivables: +€19,770
- Cash -€3,274
down €3,274 (-94.8%), from €3,456 to €181
mainly Receivables within one year (-€18,047) and Investment in fixed assets (net) (-€5,002)
- Stocks and contracts +€972
new in 2025: €972
- Profit (loss) carried forward +€9,552
up €9,552 (+332%), from €2,879 to €12,431
- Trade debts +€4,718
up €4,718 (+65.8%), from €7,174 to €11,891
- Other debts +€4,350
new in 2025: €4,350
- Tax, wage and social debts -€2,782
down €2,782 (-36.8%), from €7,567 to €4,785
- Gross operating margin +€14,973
up €14,973 (+724%), from €2,067 to €17,040
- Taxes +€2,027
new in 2025: €2,027
- Depreciation +€1,109
up €1,109 (+29.2%), from €3,799 to €4,909
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 | €24,612 | €40,449 | +€15,838 | +64.4% |
| Fixed assets | 21/28 | €10,305 | €10,398 | +€93 | +0.9% |
| Tangible fixed assets | 22/27 | €10,305 | €10,398 | +€93 | +0.9% |
| Plant, machinery and equipment | 23 | €3,948 | €4,597 | +€650 | +16.5% |
| Furniture and vehicles | 24 | €4,458 | €4,102 | -€356 | -8.0% |
| Other tangible fixed assets | 26 | €1,899 | €1,699 | -€200 | -10.5% |
| Current assets | 29/58 | €14,306 | €30,051 | +€15,745 | +110% |
| Stocks and contracts in progress | 3 | - | €972 | +€972 | |
| Stocks | 30/36 | - | €972 | +€972 | |
| Amounts receivable within one year | 40/41 | €10,833 | €28,880 | +€18,047 | +167% |
| Trade receivables | 40 | €6,137 | €25,907 | +€19,770 | +322% |
| Other amounts receivable | 41 | €4,696 | €2,973 | -€1,723 | -36.7% |
| Cash at bank and in hand | 54/58 | €3,456 | €181 | -€3,274 | -94.8% |
| Deferred charges and accrued income | 490/1 | €17 | €18 | +€1 | +3.2% |
| Total equity and liabilities | 10/49 | €24,612 | €40,449 | +€15,838 | +64.4% |
| Equity | 10/15 | €9,871 | €19,423 | +€9,552 | +96.8% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Contributions outside capital | 11 | €6,197 | €6,197 | = | 0.0% |
| Other | 1109/19 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €795 | €795 | = | 0.0% |
| Non-distributable reserves | 130/1 | €795 | €795 | = | 0.0% |
| Reserves not available under the articles | 1311 | €795 | €795 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,879 | €12,431 | +€9,552 | +332% |
| Amounts payable | 17/49 | €14,740 | €21,026 | +€6,286 | +42.6% |
| Amounts payable within one year | 42/48 | €14,740 | €21,026 | +€6,286 | +42.6% |
| Trade debts | 44 | €7,174 | €11,891 | +€4,718 | +65.8% |
| Suppliers | 440/4 | €7,174 | €11,891 | +€4,718 | +65.8% |
| Taxes, remuneration and social security | 45 | €7,567 | €4,785 | -€2,782 | -36.8% |
| Taxes | 450/3 | €7,567 | €4,785 | -€2,782 | -36.8% |
| Other amounts payable | 47/48 | - | €4,350 | +€4,350 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,799 | €4,909 | +€1,109 | +29.2% |
| Other operating charges | 640/8 | €476 | €471 | -€6 | -1.2% |
| Gross operating margin | 9900 | €2,067 | €17,040 | +€14,973 | +724% |
| Operating profit (loss) | 9901 | -€2,209 | €11,661 | +€13,870 | |
| Financial income | 75/76B | €142 | €42 | -€100 | -70.6% |
| Recurring financial income | 75 | €142 | €42 | -€100 | -70.6% |
| Financial charges | 65/66B | €150 | €123 | -€26 | -17.7% |
| Recurring financial charges | 65 | €150 | €123 | -€26 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,216 | €11,580 | +€13,796 | |
| Income taxes | 67/77 | - | €2,027 | +€2,027 | |
| Profit (loss) for the period | 9904 | -€2,216 | €9,552 | +€11,768 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,216 | €9,552 | +€11,768 |
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 23 October 2026 via checked.be.