ATHENORA CONSULTING: what changed
What changed
ATHENORA CONSULTING
NACE 73.300, Public relations and communication consultancy
filed annual accounts (NBB)
Net result for the year
€77,040
2024 · €28,426+€48,614
Equity
€438,140
2024 · €415,585+€22,554
Cash
€328,612
2024 · €317,099+€11,513
Balance sheet total
€1.1m
2024 · €1.3m-€173,472
Largest movements
Assets
- Receivables within one year -€125,481
down €125,481 (-50.6%), from €247,965 to €122,485
- Tangible fixed assets -€55,009
down €55,009 (-7.6%), from €720,860 to €665,850
of which Land and buildings: -€60,380
Equity and liabilities
- Accrued charges and deferred income -€78,844
down €78,844 (-25.2%), from €312,291 to €233,447
- Debts after one year -€60,782
down €60,782 (-17.8%), from €341,966 to €281,184
- Trade debts -€44,989
down €44,989 (-80.5%), from €55,861 to €10,872
- Other debts -€31,800
down €31,800 (-34.4%), from €92,456 to €60,656
- Reserves +€22,554
up €22,554 (+7.5%), from €302,030 to €324,584
of which Distributable reserves: +€22,554
Income statement
- Gross operating margin +€118,099
up €118,099 (+33.4%), from €353,460 to €471,559
- Staff costs +€54,410
up €54,410 (+27.1%), from €200,444 to €254,854
- Taxes +€20,430
up €20,430 (+129%), from €15,792 to €36,222
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
€28,426
Gross operating margin
+€118,099
Staff costs
-€54,410
Depreciation
-€2,507
Other operating charges
+€4,697
Financial income
+€132
Financial charges
+€3,033
Taxes
-€20,430
Result 2025
€77,040
raises the resultlowers 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
+€139,022
Investment
-€10,348
Financing
-€117,161
Cash 2024
€317,099
From operations (derived)
+€139,022
Net result for the year
+€77,040
Depreciation
+€65,357
Receivables within one year
+€125,481
Deferred charges and accrued income
+€4,495
Trade debts
-€44,989
Tax, wage and social debts
+€22,282
Other debts
-€31,800
Accrued charges and deferred income
-€78,844
Investment (derived)
-€10,348
Investment in fixed assets (net)
-€10,348
Financing
-€117,161
Debts after one year
-€60,782
Current portion of long-term debt
-€1,894
Contributions, distributions and other
-€54,486
Cash 2025
€328,612
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,309,050 | €1,135,578 | -€173,472 | -13.3% |
| Fixed assets | 21/28 | €721,149 | €666,140 | -€55,009 | -7.6% |
| Tangible fixed assets | 22/27 | €720,860 | €665,850 | -€55,009 | -7.6% |
| Land and buildings | 22 | €698,280 | €637,900 | -€60,380 | -8.6% |
| Furniture and vehicles | 24 | €2,719 | €10,238 | +€7,519 | +276% |
| Other tangible fixed assets | 26 | €19,861 | €17,713 | -€2,148 | -10.8% |
| Financial fixed assets | 28 | €289 | €289 | = | 0.0% |
| Current assets | 29/58 | €587,901 | €469,438 | -€118,463 | -20.2% |
| Stocks and contracts in progress | 3 | €2,625 | €2,625 | = | 0.0% |
| Stocks | 30/36 | €2,625 | €2,625 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €247,965 | €122,485 | -€125,481 | -50.6% |
| Trade receivables | 40 | €247,965 | €122,485 | -€125,481 | -50.6% |
| Cash at bank and in hand | 54/58 | €317,099 | €328,612 | +€11,513 | +3.6% |
| Deferred charges and accrued income | 490/1 | €20,211 | €15,717 | -€4,495 | -22.2% |
| Total equity and liabilities | 10/49 | €1,309,050 | €1,135,578 | -€173,472 | -13.3% |
| Equity | 10/15 | €415,585 | €438,140 | +€22,554 | +5.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €302,030 | €324,584 | +€22,554 | +7.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €281,420 | €303,974 | +€22,554 | +8.0% |
| Profit (loss) carried forward | 14 | €94,955 | €94,955 | = | 0.0% |
| Amounts payable | 17/49 | €893,464 | €697,438 | -€196,026 | -21.9% |
| Amounts payable after more than one year | 17 | €341,966 | €281,184 | -€60,782 | -17.8% |
| Financial debts | 170/4 | €341,966 | €281,184 | -€60,782 | -17.8% |
| Amounts payable within one year | 42/48 | €239,207 | €182,807 | -€56,401 | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €62,676 | €60,782 | -€1,894 | -3.0% |
| Trade debts | 44 | €55,861 | €10,872 | -€44,989 | -80.5% |
| Suppliers | 440/4 | €55,861 | €10,872 | -€44,989 | -80.5% |
| Taxes, remuneration and social security | 45 | €28,215 | €50,498 | +€22,282 | +79.0% |
| Taxes | 450/3 | €9,064 | €23,287 | +€14,223 | +157% |
| Remuneration and social security | 454/9 | €19,151 | €27,211 | +€8,059 | +42.1% |
| Other amounts payable | 47/48 | €92,456 | €60,656 | -€31,800 | -34.4% |
| Accrued charges and deferred income | 492/3 | €312,291 | €233,447 | -€78,844 | -25.2% |
| Remuneration, social security and pensions | 62 | €200,444 | €254,854 | +€54,410 | +27.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,850 | €65,357 | +€2,507 | +4.0% |
| Other operating charges | 640/8 | €33,304 | €28,606 | -€4,697 | -14.1% |
| Gross operating margin | 9900 | €353,460 | €471,559 | +€118,099 | +33.4% |
| Operating profit (loss) | 9901 | €56,862 | €122,742 | +€65,880 | +116% |
| Financial income | 75/76B | €1,876 | €2,008 | +€132 | +7.0% |
| Recurring financial income | 75 | €1,876 | €2,008 | +€132 | +7.0% |
| Financial charges | 65/66B | €14,520 | €11,488 | -€3,033 | -20.9% |
| Recurring financial charges | 65 | €14,520 | €11,488 | -€3,033 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €44,218 | €113,262 | +€69,044 | +156% |
| Income taxes | 67/77 | €15,792 | €36,222 | +€20,430 | +129% |
| Profit (loss) for the period | 9904 | €28,426 | €77,040 | +€48,614 | +171% |
| Profit (loss) for the period to be appropriated | 9905 | €28,426 | €77,040 | +€48,614 | +171% |
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.