ATHENE CONSULT: 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.
ATHENE CONSULT
Largest movements
- Cash -€295,385
down €295,385 (-75.5%), from €391,041 to €95,655
mainly Current investments (-€150,000) and Net result for the year (-€65,380)
- Current investments +€150,000
new in 2025: €150,000
- Receivables within one year +€37,216
up €37,216 (+510%), from €7,291 to €44,508
of which Other amounts receivable: +€42,646
- Stocks and contracts +€9,000
up €9,000 (+466%), from €1,930 to €10,930
- Profit (loss) carried forward -€65,380
new in 2025: -€65,380
- Other debts -€23,153
down €23,153 (-52.9%), from €43,767 to €20,614
- Tax, wage and social debts -€12,019
down €12,019 (-64.3%), from €18,704 to €6,684
of which Taxes: -€9,998
- Gross operating margin -€65,591
down €65,591 (-82.2%), from €79,774 to €14,183
- Staff costs +€28,248
up €28,248 (+62.4%), from €45,287 to €73,535
- Taxes -€8,304
down €8,304 (-95.9%), from €8,663 to €359
- Depreciation -€4,973
down €4,973 (-54.2%), from €9,175 to €4,202
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 | €419,278 | €319,248 | -€100,030 | -23.9% |
| Fixed assets | 21/28 | €19,016 | €17,914 | -€1,102 | -5.8% |
| Tangible fixed assets | 22/27 | €18,006 | €16,904 | -€1,102 | -6.1% |
| Land and buildings | 22 | €6,000 | €4,800 | -€1,200 | -20.0% |
| Plant, machinery and equipment | 23 | €1,813 | €3,893 | +€2,080 | +115% |
| Furniture and vehicles | 24 | €10,194 | €8,212 | -€1,982 | -19.4% |
| Financial fixed assets | 28 | €1,010 | €1,010 | = | 0.0% |
| Current assets | 29/58 | €400,262 | €301,334 | -€98,928 | -24.7% |
| Stocks and contracts in progress | 3 | €1,930 | €10,930 | +€9,000 | +466% |
| Stocks | 30/36 | €1,930 | €10,930 | +€9,000 | +466% |
| Amounts receivable within one year | 40/41 | €7,291 | €44,508 | +€37,216 | +510% |
| Trade receivables | 40 | €5,430 | - | -€5,430 | |
| Other amounts receivable | 41 | €1,861 | €44,508 | +€42,646 | +2,291% |
| Current investments | 50/53 | - | €150,000 | +€150,000 | |
| Cash at bank and in hand | 54/58 | €391,041 | €95,655 | -€295,385 | -75.5% |
| Deferred charges and accrued income | 490/1 | - | €241 | +€241 | |
| Total equity and liabilities | 10/49 | €419,278 | €319,248 | -€100,030 | -23.9% |
| Equity | 10/15 | €353,860 | €288,479 | -€65,380 | -18.5% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €335,310 | €335,310 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | - | -€1,855 | |
| Reserves not available under the articles | 1311 | €1,855 | - | -€1,855 | |
| Distributable reserves | 133 | €333,455 | €335,310 | +€1,855 | +0.6% |
| Profit (loss) carried forward | 14 | - | -€65,380 | -€65,380 | |
| Amounts payable | 17/49 | €65,418 | €30,769 | -€34,650 | -53.0% |
| Amounts payable within one year | 42/48 | €65,418 | €30,769 | -€34,650 | -53.0% |
| Trade debts | 44 | €2,948 | €3,470 | +€523 | +17.7% |
| Suppliers | 440/4 | €2,948 | €3,470 | +€523 | +17.7% |
| Taxes, remuneration and social security | 45 | €18,704 | €6,684 | -€12,019 | -64.3% |
| Taxes | 450/3 | €9,998 | - | -€9,998 | |
| Remuneration and social security | 454/9 | €8,706 | €6,684 | -€2,022 | -23.2% |
| Other amounts payable | 47/48 | €43,767 | €20,614 | -€23,153 | -52.9% |
| Remuneration, social security and pensions | 62 | €45,287 | €73,535 | +€28,248 | +62.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,175 | €4,202 | -€4,973 | -54.2% |
| Other operating charges | 640/8 | €1,294 | €1,415 | +€122 | +9.4% |
| Gross operating margin | 9900 | €79,774 | €14,183 | -€65,591 | -82.2% |
| Operating profit (loss) | 9901 | €24,018 | -€64,970 | -€88,987 | |
| Financial income | 75/76B | €5 | €7 | +€2 | +39.8% |
| Recurring financial income | 75 | €5 | €7 | +€2 | +39.8% |
| Financial charges | 65/66B | €118 | €59 | -€59 | -50.3% |
| Recurring financial charges | 65 | €118 | €59 | -€59 | -50.3% |
| Profit (loss) for the period before taxes | 9903 | €23,905 | -€65,021 | -€88,926 | |
| Income taxes | 67/77 | €8,663 | €359 | -€8,304 | -95.9% |
| Profit (loss) for the period | 9904 | €15,242 | -€65,380 | -€80,622 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,242 | -€65,380 | -€80,622 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.