ATHENA SRL: 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 SRL
Largest movements
- Intangible fixed assets -€205,553
down €205,553 (-24.7%), from €831,402 to €625,849
- Receivables within one year +€17,106
up €17,106 (+13.4%), from €127,374 to €144,480
of which Other amounts receivable: +€11,848
- Debts after one year -€206,885
down €206,885 (-27.2%), from €759,281 to €552,396
- Profit (loss) carried forward +€50,221
up €50,221 (+93.3%), from -€53,802 to -€3,581
- Tax, wage and social debts -€39,296
down €39,296 (-55.4%), from €70,962 to €31,666
of which Remuneration and social security: -€34,219
- Staff costs -€16,260
down €16,260 (-6.5%), from €250,703 to €234,444
- Taxes +€10,066
up €10,066 (+75.1%), from €13,399 to €23,465
- Gross operating margin +€8,466
up €8,466 (+1.6%), from €520,959 to €529,425
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 | €1,033,319 | €832,273 | -€201,047 | -19.5% |
| Fixed assets | 21/28 | €832,222 | €626,254 | -€205,969 | -24.7% |
| Intangible fixed assets | 21 | €831,402 | €625,849 | -€205,553 | -24.7% |
| Tangible fixed assets | 22/27 | €700 | €283 | -€416 | -59.5% |
| Furniture and vehicles | 24 | €700 | €283 | -€416 | -59.5% |
| Financial fixed assets | 28 | €121 | €121 | = | 0.0% |
| Current assets | 29/58 | €201,097 | €206,019 | +€4,922 | +2.4% |
| Amounts receivable within one year | 40/41 | €127,374 | €144,480 | +€17,106 | +13.4% |
| Trade receivables | 40 | €67,853 | €73,111 | +€5,258 | +7.7% |
| Other amounts receivable | 41 | €59,520 | €71,368 | +€11,848 | +19.9% |
| Cash at bank and in hand | 54/58 | €36,829 | €28,603 | -€8,227 | -22.3% |
| Deferred charges and accrued income | 490/1 | €36,894 | €32,937 | -€3,957 | -10.7% |
| Total equity and liabilities | 10/49 | €1,033,319 | €832,273 | -€201,047 | -19.5% |
| Equity | 10/15 | -€35,202 | €15,019 | +€50,221 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,802 | -€3,581 | +€50,221 | +93.3% |
| Amounts payable | 17/49 | €1,068,521 | €817,254 | -€251,267 | -23.5% |
| Amounts payable after more than one year | 17 | €759,281 | €552,396 | -€206,885 | -27.2% |
| Financial debts | 170/4 | €759,281 | €552,396 | -€206,885 | -27.2% |
| Amounts payable within one year | 42/48 | €307,739 | €263,667 | -€44,071 | -14.3% |
| Current portion of amounts payable after more than one year | 42 | €219,874 | €223,954 | +€4,080 | +1.9% |
| Trade debts | 44 | €16,046 | €8,048 | -€7,999 | -49.8% |
| Suppliers | 440/4 | €16,046 | €8,048 | -€7,999 | -49.8% |
| Taxes, remuneration and social security | 45 | €70,962 | €31,666 | -€39,296 | -55.4% |
| Taxes | 450/3 | €13,536 | €8,459 | -€5,077 | -37.5% |
| Remuneration and social security | 454/9 | €57,426 | €23,207 | -€34,219 | -59.6% |
| Other amounts payable | 47/48 | €857 | €0 | -€857 | -100% |
| Accrued charges and deferred income | 492/3 | €1,501 | €1,190 | -€311 | -20.7% |
| Remuneration, social security and pensions | 62 | €250,703 | €234,444 | -€16,260 | -6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €205,969 | €205,969 | -€0 | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€4,432 | €0 | +€4,432 | |
| Other operating charges | 640/8 | €5,399 | €998 | -€4,401 | -81.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €520,959 | €529,425 | +€8,466 | +1.6% |
| Operating profit (loss) | 9901 | €63,319 | €88,014 | +€24,695 | +39.0% |
| Financial income | 75/76B | €1,899 | €1,846 | -€52 | -2.8% |
| Recurring financial income | 75 | €1,899 | €1,846 | -€52 | -2.8% |
| Financial charges | 65/66B | €19,944 | €16,175 | -€3,769 | -18.9% |
| Recurring financial charges | 65 | €19,944 | €16,175 | -€3,769 | -18.9% |
| Profit (loss) for the period before taxes | 9903 | €45,274 | €73,686 | +€28,412 | +62.8% |
| Income taxes | 67/77 | €13,399 | €23,465 | +€10,066 | +75.1% |
| Profit (loss) for the period | 9904 | €31,876 | €50,221 | +€18,345 | +57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,876 | €50,221 | +€18,345 | +57.6% |
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 15 October 2026 via checked.be.