ATHENA HMW: what changed
What changed
ATHENA HMW
NACE 68.110, Buying and selling of own real estate
filed annual accounts (NBB)
Net result for the year
-€28,682
2024 · -€24,122-€4,559
Equity
€474,918
2024 · €503,600-€28,682
Cash
€734
2024 · €2,825-€2,091
Balance sheet total
€584,170
2024 · €578,787+€5,383
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Other debts +€64,295
up €64,295, from €0 to €64,295
- Trade debts -€30,230
down €30,230 (-40.6%), from €74,401 to €44,171
- Profit (loss) carried forward -€28,682
down €28,682 (-5.8%), from -€496,400 to -€525,082
Income statement
- Gross operating margin -€4,174
down €4,174 (-17.3%), from -€24,104 to -€28,278
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
-€24,122
Gross operating margin
-€4,174
Other operating charges
-€12
Financial income
-€118
Financial charges
-€255
Result 2025
-€28,682
lowers the result
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
-€2,091
Investment
€0
Financing
€0
Cash 2024
€2,825
From operations (derived)
-€2,091
Net result for the year
-€28,682
Stocks and contracts
-€1,346
Receivables within one year
-€4,043
Deferred charges and accrued income
-€2,085
Trade debts
-€30,230
Other debts
+€64,295
Accrued charges and deferred income
+€0
Cash 2025
€734
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €578,787 | €584,170 | +€5,383 | +0.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Current assets | 29/58 | €578,787 | €584,170 | +€5,383 | +0.9% |
| Stocks and contracts in progress | 3 | €486,184 | €487,530 | +€1,346 | +0.3% |
| Stocks | 30/36 | €486,184 | €487,530 | +€1,346 | +0.3% |
| Amounts receivable within one year | 40/41 | €89,778 | €93,821 | +€4,043 | +4.5% |
| Trade receivables | 40 | €23,917 | €32,618 | +€8,702 | +36.4% |
| Other amounts receivable | 41 | €65,861 | €61,203 | -€4,659 | -7.1% |
| Cash at bank and in hand | 54/58 | €2,825 | €734 | -€2,091 | -74.0% |
| Deferred charges and accrued income | 490/1 | €0 | €2,085 | +€2,085 | |
| Total equity and liabilities | 10/49 | €578,787 | €584,170 | +€5,383 | +0.9% |
| Equity | 10/15 | €503,600 | €474,918 | -€28,682 | -5.7% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€496,400 | -€525,082 | -€28,682 | -5.8% |
| Provisions and deferred taxes | 16 | €750 | €750 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €750 | €750 | = | 0.0% |
| Environmental obligations | 163 | €750 | €750 | = | 0.0% |
| Amounts payable | 17/49 | €74,437 | €108,502 | +€34,065 | +45.8% |
| Amounts payable after more than one year | 17 | €0 | €0 | = | |
| Financial debts | 170/4 | €0 | €0 | = | |
| Other amounts payable | 178/9 | €0 | €0 | = | |
| Amounts payable within one year | 42/48 | €74,401 | €108,466 | +€34,064 | +45.8% |
| Financial debts | 43 | €0 | €0 | = | |
| Credit institutions | 430/8 | €0 | €0 | = | |
| Trade debts | 44 | €74,401 | €44,171 | -€30,230 | -40.6% |
| Suppliers | 440/4 | €74,401 | €44,171 | -€30,230 | -40.6% |
| Advances received on contracts in progress | 46 | €0 | €0 | = | |
| Taxes, remuneration and social security | 45 | €0 | €0 | = | |
| Taxes | 450/3 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €0 | €64,295 | +€64,295 | |
| Accrued charges and deferred income | 492/3 | €35 | €36 | +€0 | +0.9% |
| Other operating charges | 640/8 | €607 | €620 | +€12 | +2.0% |
| Gross operating margin | 9900 | -€24,104 | -€28,278 | -€4,174 | -17.3% |
| Operating profit (loss) | 9901 | -€24,712 | -€28,898 | -€4,186 | -16.9% |
| Financial income | 75/76B | €1,450 | €1,333 | -€118 | -8.1% |
| Recurring financial income | 75 | €1,450 | €1,333 | -€118 | -8.1% |
| Financial charges | 65/66B | €861 | €1,117 | +€255 | +29.7% |
| Recurring financial charges | 65 | €861 | €1,117 | +€255 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | -€24,122 | -€28,682 | -€4,559 | -18.9% |
| Profit (loss) for the period | 9904 | -€24,122 | -€28,682 | -€4,559 | -18.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,122 | -€28,682 | -€4,559 | -18.9% |
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 2 November 2026 via checked.be.