ATHENRY: what changed
Two fiscal 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.
ATHENRY
Largest movements
- Cash +€137,463
up €137,463 (+129.3%), from €106,276 to €243,739
mainly Net result for the year (+€210,816) and Receivables within one year (+€116,908)
- Receivables within one year -€116,908
down €116,908 (-89.1%), from €131,216 to €14,308
of which Other amounts receivable: -€117,046
- Current investments -€100,603
no longer reported in 2025 (was €100,603)
- Tangible fixed assets -€4,185
no longer reported in 2025 (was €4,185)
- Deferred charges and accrued income +€3,707
up €3,707 (+297.4%), from €1,246 to €4,953
- Tax, wage and social debts -€38,008
down €38,008 (-62.0%), from €61,266 to €23,258
of which Taxes: -€41,175
- Other debts -€33,566
down €33,566 (-13.5%), from €249,218 to €215,651
- Trade debts -€8,952
down €8,952 (-70.8%), from €12,638 to €3,685
- Gross operating margin +€15,883
up €15,883 (+6.0%), from €264,059 to €279,943
- Financial charges -€11,586
down €11,586 (-93.8%), from €12,346 to €760
- Taxes +€4,794
up €4,794 (+7.9%), from €60,857 to €65,650
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.
Cash bridge derived
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 | €343,527 | €263,000 | -€80,527 | -23.4% |
| Fixed assets | 21/28 | €4,185 | - | -€4,185 | |
| Tangible fixed assets | 22/27 | €4,185 | - | -€4,185 | |
| Furniture and vehicles | 24 | €4,185 | - | -€4,185 | |
| Current assets | 29/58 | €339,341 | €263,000 | -€76,341 | -22.5% |
| Amounts receivable within one year | 40/41 | €131,216 | €14,308 | -€116,908 | -89.1% |
| Trade receivables | 40 | - | €138 | +€138 | |
| Other amounts receivable | 41 | €131,216 | €14,170 | -€117,046 | -89.2% |
| Current investments | 50/53 | €100,603 | - | -€100,603 | |
| Cash at bank and in hand | 54/58 | €106,276 | €243,739 | +€137,463 | +129.3% |
| Deferred charges and accrued income | 490/1 | €1,246 | €4,953 | +€3,707 | +297.4% |
| Total equity and liabilities | 10/49 | €343,527 | €263,000 | -€80,527 | -23.4% |
| Equity | 10/15 | €20,405 | €20,405 | = | 0.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Outside capital | 11 | €18,550 | €18,550 | = | 0.0% |
| Other | 1109/19 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,855 | €1,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Amounts payable | 17/49 | €323,122 | €242,595 | -€80,527 | -24.9% |
| Amounts payable within one year | 42/48 | €323,122 | €242,595 | -€80,527 | -24.9% |
| Trade debts | 44 | €12,638 | €3,685 | -€8,952 | -70.8% |
| Suppliers | 440/4 | €12,638 | €3,685 | -€8,952 | -70.8% |
| Taxes, remuneration and social security | 45 | €61,266 | €23,258 | -€38,008 | -62.0% |
| Taxes | 450/3 | €61,266 | €20,091 | -€41,175 | -67.2% |
| Remuneration and social security | 454/9 | - | €3,168 | +€3,168 | |
| Other amounts payable | 47/48 | €249,218 | €215,651 | -€33,566 | -13.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,524 | €4,185 | -€1,339 | -24.2% |
| Other operating charges | 640/8 | €932 | €180 | -€753 | -80.7% |
| Gross operating margin | 9900 | €264,059 | €279,943 | +€15,883 | +6.0% |
| Operating profit (loss) | 9901 | €257,603 | €275,578 | +€17,975 | +7.0% |
| Financial income | 75/76B | €618 | €1,649 | +€1,031 | +167.0% |
| Recurring financial income | 75 | €618 | €1,649 | +€1,031 | +167.0% |
| Financial charges | 65/66B | €12,346 | €760 | -€11,586 | -93.8% |
| Recurring financial charges | 65 | €12,346 | €760 | -€11,586 | -93.8% |
| Profit (loss) for the period before taxes | 9903 | €245,875 | €276,467 | +€30,592 | +12.4% |
| Income taxes | 67/77 | €60,857 | €65,650 | +€4,794 | +7.9% |
| Profit (loss) for the period | 9904 | €185,018 | €210,816 | +€25,798 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €185,018 | €210,816 | +€25,798 | +13.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.