ATHENA FILMS: what changed
What changed
ATHENA FILMS
NACE 59.111, Production of cinema films
filed annual accounts (NBB)
Net result for the year
€851,190
2024 · €622,839+€228,351
Equity
€340,638
2024 · €89,448+€251,190
Cash
€151,012
2024 · €169,826-€18,814
Balance sheet total
€5.3m
2024 · €5.2m+€60,196
Largest movements
Assets
- Receivables within one year +€179,669
up €179,669 (+176%), from €102,203 to €281,872
of which Trade receivables: +€177,157
- Intangible fixed assets -€162,113
down €162,113 (-19.1%), from €849,864 to €687,751
- Current investments +€95,000
up €95,000 (+2.8%), from €3.4m to €3.5m
Equity and liabilities
- Trade debts -€345,473
down €345,473 (-12.3%), from €2.8m to €2.5m
- Reserves +€250,909
up €250,909 (+745%), from €33,678 to €284,587
of which Distributable reserves: +€250,909
- Tax, wage and social debts +€117,615
up €117,615 (+70.2%), from €167,648 to €285,263
of which Taxes: +€116,957
- Accrued charges and deferred income +€58,202
up €58,202 (+4.6%), from €1.3m to €1.3m
Income statement
- Depreciation -€179,796
down €179,796 (-11.8%), from €1.5m to €1.3m
- Gross operating margin +€176,042
up €176,042 (+6.9%), from €2.5m to €2.7m
- Taxes +€112,942
up €112,942 (+49.1%), from €230,257 to €343,199
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€622,839
Gross operating margin
+€176,042
Staff costs
-€1,202
Depreciation
+€179,796
Other operating charges
-€17,360
Other operating items
+€1,027
Financial income
+€2,087
Financial charges
+€902
Taxes
-€112,942
Result 2025
€851,190
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.8m
Investment
-€1.2m
Financing
-€621,571
Cash 2024
€169,826
From operations (derived)
+€1.8m
Net result for the year
+€851,190
Depreciation
+€1.3m
Receivables within one year
-€179,669
Smaller working-capital items
-€1,204
Trade debts
-€345,473
Tax, wage and social debts
+€117,615
Accrued charges and deferred income
+€58,202
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.1m
Current investments
-€95,000
Financing
-€621,571
Debts after one year
-€22,482
Current portion of long-term debt
+€912
Contributions, distributions and other
-€600,000
Cash 2025
€151,012
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,245,946 | €5,306,142 | +€60,196 | +1.1% |
| Fixed assets | 21/28 | €1,536,449 | €1,339,353 | -€197,096 | -12.8% |
| Intangible fixed assets | 21 | €849,864 | €687,751 | -€162,113 | -19.1% |
| Tangible fixed assets | 22/27 | €686,584 | €651,602 | -€34,983 | -5.1% |
| Land and buildings | 22 | - | €464,342 | +€464,342 | |
| Furniture and vehicles | 24 | €686,584 | €187,260 | -€499,325 | -72.7% |
| Current assets | 29/58 | €3,709,497 | €3,966,789 | +€257,292 | +6.9% |
| Amounts receivable within one year | 40/41 | €102,203 | €281,872 | +€179,669 | +176% |
| Trade receivables | 40 | €102,203 | €279,360 | +€177,157 | +173% |
| Other amounts receivable | 41 | - | €2,512 | +€2,512 | |
| Current investments | 50/53 | €3,425,000 | €3,520,000 | +€95,000 | +2.8% |
| Cash at bank and in hand | 54/58 | €169,826 | €151,012 | -€18,814 | -11.1% |
| Deferred charges and accrued income | 490/1 | €12,468 | €13,905 | +€1,437 | +11.5% |
| Total equity and liabilities | 10/49 | €5,245,946 | €5,306,142 | +€60,196 | +1.1% |
| Equity | 10/15 | €89,448 | €340,638 | +€251,190 | +281% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €33,678 | €284,587 | +€250,909 | +745% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €31,818 | €282,727 | +€250,909 | +789% |
| Profit (loss) carried forward | 14 | €37,170 | €37,451 | +€281 | +0.8% |
| Amounts payable | 17/49 | €5,156,498 | €4,965,504 | -€190,994 | -3.7% |
| Amounts payable after more than one year | 17 | €376,047 | €353,565 | -€22,482 | -6.0% |
| Financial debts | 170/4 | €376,047 | €353,565 | -€22,482 | -6.0% |
| Amounts payable within one year | 42/48 | €3,501,760 | €3,275,047 | -€226,714 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €21,571 | €22,482 | +€912 | +4.2% |
| Trade debts | 44 | €2,803,752 | €2,458,279 | -€345,473 | -12.3% |
| Suppliers | 440/4 | €2,803,752 | €2,458,279 | -€345,473 | -12.3% |
| Taxes, remuneration and social security | 45 | €167,648 | €285,263 | +€117,615 | +70.2% |
| Taxes | 450/3 | €153,863 | €270,820 | +€116,957 | +76.0% |
| Remuneration and social security | 454/9 | €13,785 | €14,443 | +€658 | +4.8% |
| Other amounts payable | 47/48 | €508,790 | €509,023 | +€233 | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,278,690 | €1,336,892 | +€58,202 | +4.6% |
| Non-recurring operating income | 76A | €207,552 | €654,290 | +€446,738 | +215% |
| Remuneration, social security and pensions | 62 | €120,400 | €121,603 | +€1,202 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,520,831 | €1,341,035 | -€179,796 | -11.8% |
| Other operating charges | 640/8 | €95,232 | €112,592 | +€17,360 | +18.2% |
| Non-recurring operating charges | 66A | €1,496 | €469 | -€1,027 | -68.7% |
| Gross operating margin | 9900 | €2,538,369 | €2,714,411 | +€176,042 | +6.9% |
| Operating profit (loss) | 9901 | €800,409 | €1,138,713 | +€338,303 | +42.3% |
| Financial income | 75/76B | €70,121 | €72,208 | +€2,087 | +3.0% |
| Recurring financial income | 75 | €70,121 | €72,208 | +€2,087 | +3.0% |
| Financial charges | 65/66B | €17,434 | €16,532 | -€902 | -5.2% |
| Recurring financial charges | 65 | €17,434 | €16,532 | -€902 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €853,096 | €1,194,389 | +€341,292 | +40.0% |
| Income taxes | 67/77 | €230,257 | €343,199 | +€112,942 | +49.1% |
| Profit (loss) for the period | 9904 | €622,839 | €851,190 | +€228,351 | +36.7% |
| Profit (loss) for the period to be appropriated | 9905 | €622,839 | €851,190 | +€228,351 | +36.7% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.