Athina Logistics: 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.
Athina Logistics
Largest movements
- Cash +€723,237
up €723,237 (+2209.6%), from €32,731 to €755,968
mainly Net result for the year (+€609,398) and Tax, wage and social debts (+€261,847)
- Receivables within one year +€249,848
up €249,848 (+50.6%), from €493,816 to €743,664
of which Other amounts receivable: +€145,491
- Tangible fixed assets +€67,969
new in 2025: €67,969
- Profit (loss) carried forward +€499,650
up €499,650, from -€10,968 to €488,682
- Tax, wage and social debts +€261,847
up €261,847 (+726.5%), from €36,041 to €297,888
of which Taxes: +€257,541
- Trade debts +€173,968
up €173,968 (+37.0%), from €470,417 to €644,385
- Reserves +€100,000
new in 2025: €100,000
- Debts after one year +€47,911
new in 2025: €47,911
- Gross operating margin +€1.4m
up €1.4m, from -€7,525 to €1.4m
- Staff costs +€282,857
up €282,857 (+298.6%), from €94,720 to €377,576
- Taxes +€248,956
up €248,956 (+44367.8%), from €561 to €249,518
- Financial income -€118,603
down €118,603 (-99.6%), from €119,035 to €432
- Other operating charges +€111,006
up €111,006 (+14383.1%), from €772 to €111,778
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 | €553,967 | €1,614,228 | +€1.1m | +191.4% |
| Fixed assets | 21/28 | €27,420 | €102,889 | +€75,469 | +275.2% |
| Tangible fixed assets | 22/27 | - | €67,969 | +€67,969 | |
| Furniture and vehicles | 24 | - | €67,969 | +€67,969 | |
| Financial fixed assets | 28 | €27,420 | €34,920 | +€7,500 | +27.4% |
| Current assets | 29/58 | €526,547 | €1,511,339 | +€984,792 | +187.0% |
| Amounts receivable within one year | 40/41 | €493,816 | €743,664 | +€249,848 | +50.6% |
| Trade receivables | 40 | €472,460 | €576,817 | +€104,357 | +22.1% |
| Other amounts receivable | 41 | €21,356 | €166,847 | +€145,491 | +681.3% |
| Cash at bank and in hand | 54/58 | €32,731 | €755,968 | +€723,237 | +2209.6% |
| Deferred charges and accrued income | 490/1 | - | €11,708 | +€11,708 | |
| Total equity and liabilities | 10/49 | €553,967 | €1,614,228 | +€1.1m | +191.4% |
| Equity | 10/15 | €32 | €599,682 | +€599,650 | +1874492.7% |
| Contributions | 10/11 | €11,000 | €11,000 | = | 0.0% |
| Reserves | 13 | - | €100,000 | +€100,000 | |
| Distributable reserves | 133 | - | €100,000 | +€100,000 | |
| Profit (loss) carried forward | 14 | -€10,968 | €488,682 | +€499,650 | |
| Amounts payable | 17/49 | €553,936 | €1,014,546 | +€460,610 | +83.2% |
| Amounts payable after more than one year | 17 | - | €47,911 | +€47,911 | |
| Financial debts | 170/4 | - | €47,911 | +€47,911 | |
| Amounts payable within one year | 42/48 | €553,936 | €962,304 | +€408,369 | +73.7% |
| Current portion of amounts payable after more than one year | 42 | - | €16,678 | +€16,678 | |
| Trade debts | 44 | €470,417 | €644,385 | +€173,968 | +37.0% |
| Suppliers | 440/4 | €470,417 | €644,385 | +€173,968 | +37.0% |
| Taxes, remuneration and social security | 45 | €36,041 | €297,888 | +€261,847 | +726.5% |
| Taxes | 450/3 | €3,019 | €260,560 | +€257,541 | +8531.1% |
| Remuneration and social security | 454/9 | €33,022 | €37,328 | +€4,306 | +13.0% |
| Other amounts payable | 47/48 | €47,477 | €3,353 | -€44,124 | -92.9% |
| Accrued charges and deferred income | 492/3 | - | €4,331 | +€4,331 | |
| Remuneration, social security and pensions | 62 | €94,720 | €377,576 | +€282,857 | +298.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,998 | +€4,998 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €504 | +€504 | |
| Other operating charges | 640/8 | €772 | €111,778 | +€111,006 | +14383.1% |
| Gross operating margin | 9900 | -€7,525 | €1,356,788 | +€1.4m | |
| Operating profit (loss) | 9901 | -€103,017 | €861,933 | +€964,950 | |
| Financial income | 75/76B | €119,035 | €432 | -€118,603 | -99.6% |
| Recurring financial income | 75 | €119,035 | €432 | -€118,603 | -99.6% |
| Financial charges | 65/66B | €242 | €3,449 | +€3,206 | +1322.4% |
| Recurring financial charges | 65 | €242 | €3,449 | +€3,206 | +1322.4% |
| Profit (loss) for the period before taxes | 9903 | €15,776 | €858,916 | +€843,140 | +5344.5% |
| Income taxes | 67/77 | €561 | €249,518 | +€248,956 | +44367.8% |
| Profit (loss) for the period | 9904 | €15,215 | €609,398 | +€594,184 | +3905.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,215 | €609,398 | +€594,184 | +3905.3% |
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 12 October 2026 via checked.be.