ATHIMAX 2: 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.
ATHIMAX 2
Largest movements
- Tangible fixed assets +€19,432
up €19,432 (+2.4%), from €797,832 to €817,264
- Other debts +€22,928
up €22,928 (+107%), from €21,478 to €44,405
- Gross operating margin +€2,767
up €2,767 (+40.2%), from -€6,876 to -€4,109
- Financial income +€110
up €110 (+2.5%), from €4,416 to €4,526
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 | €982,496 | €1,007,430 | +€24,933 | +2.5% |
| Fixed assets | 21/28 | €797,832 | €817,264 | +€19,432 | +2.4% |
| Tangible fixed assets | 22/27 | €797,832 | €817,264 | +€19,432 | +2.4% |
| Other tangible fixed assets | 26 | €797,832 | €817,264 | +€19,432 | +2.4% |
| Current assets | 29/58 | €184,664 | €190,166 | +€5,501 | +3.0% |
| Amounts receivable within one year | 40/41 | €181,049 | €185,576 | +€4,526 | +2.5% |
| Other amounts receivable | 41 | €181,049 | €185,576 | +€4,526 | +2.5% |
| Cash at bank and in hand | 54/58 | €2,862 | €2,817 | -€45 | -1.6% |
| Deferred charges and accrued income | 490/1 | €753 | €1,773 | +€1,020 | +135% |
| Total equity and liabilities | 10/49 | €982,496 | €1,007,430 | +€24,933 | +2.5% |
| Equity | 10/15 | €960,234 | €960,572 | +€338 | 0.0% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Contributions outside capital | 11 | €61,500 | €61,500 | = | 0.0% |
| Other | 1109/19 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €898,734 | €899,072 | +€338 | 0.0% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €842,484 | €842,822 | +€338 | 0.0% |
| Amounts payable | 17/49 | €22,263 | €46,858 | +€24,595 | +110% |
| Amounts payable within one year | 42/48 | €22,263 | €46,858 | +€24,595 | +110% |
| Trade debts | 44 | €785 | €2,419 | +€1,634 | +208% |
| Suppliers | 440/4 | €785 | €2,419 | +€1,634 | +208% |
| Taxes, remuneration and social security | 45 | - | €34 | +€34 | |
| Taxes | 450/3 | - | €34 | +€34 | |
| Other amounts payable | 47/48 | €21,478 | €44,405 | +€22,928 | +107% |
| Gross operating margin | 9900 | -€6,876 | -€4,109 | +€2,767 | +40.2% |
| Operating profit (loss) | 9901 | -€6,876 | -€4,109 | +€2,767 | +40.2% |
| Financial income | 75/76B | €4,416 | €4,526 | +€110 | +2.5% |
| Recurring financial income | 75 | €4,416 | €4,526 | +€110 | +2.5% |
| Financial charges | 65/66B | €45 | €45 | = | 0.0% |
| Recurring financial charges | 65 | €45 | €45 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | -€2,506 | €372 | +€2,878 | |
| Income taxes | 67/77 | - | €34 | +€34 | |
| Profit (loss) for the period | 9904 | -€2,506 | €338 | +€2,844 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,506 | €338 | +€2,844 |
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 22 October 2026 via checked.be.