ATHLETE: 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.
ATHLETE
Largest movements
- Cash +€103,912
up €103,912 (+104%), from €100,340 to €204,252
mainly Net result for the year (+€51,017) and Current investments (+€50,000)
- Current investments -€50,000
down €50,000 (-33.3%), from €150,000 to €100,000
- Tangible fixed assets -€8,858
down €8,858 (-19.2%), from €46,025 to €37,167
- Receivables within one year -€6,498
down €6,498 (-12.8%), from €50,962 to €44,463
of which Other amounts receivable: -€5,901
- Reserves +€50,000
up €50,000 (+18.5%), from €270,673 to €320,673
of which Distributable reserves: +€50,000
- Tax, wage and social debts -€9,170
down €9,170 (-58.9%), from €15,569 to €6,399
- Trade debts -€4,508
down €4,508 (-8.8%), from €51,512 to €47,004
- Gross operating margin -€31,335
down €31,335 (-25.7%), from €122,113 to €90,778
- Taxes -€11,506
down €11,506 (-32.0%), from €35,978 to €24,472
- Financial charges -€4,211
down €4,211 (-48.0%), from €8,770 to €4,559
- Depreciation +€3,916
up €3,916 (+56.6%), from €6,919 to €10,835
- Financial income -€3,398
down €3,398 (-47.6%), from €7,143 to €3,745
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 | €384,271 | €415,799 | +€31,529 | +8.2% |
| Fixed assets | 21/28 | €46,025 | €37,167 | -€8,858 | -19.2% |
| Tangible fixed assets | 22/27 | €46,025 | €37,167 | -€8,858 | -19.2% |
| Furniture and vehicles | 24 | €46,025 | €37,167 | -€8,858 | -19.2% |
| Current assets | 29/58 | €338,246 | €378,632 | +€40,386 | +11.9% |
| Stocks and contracts in progress | 3 | €32,817 | €28,882 | -€3,935 | -12.0% |
| Stocks | 30/36 | €32,817 | €28,882 | -€3,935 | -12.0% |
| Amounts receivable within one year | 40/41 | €50,962 | €44,463 | -€6,498 | -12.8% |
| Trade receivables | 40 | €42,660 | €42,062 | -€598 | -1.4% |
| Other amounts receivable | 41 | €8,302 | €2,401 | -€5,901 | -71.1% |
| Current investments | 50/53 | €150,000 | €100,000 | -€50,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €100,340 | €204,252 | +€103,912 | +104% |
| Deferred charges and accrued income | 490/1 | €4,127 | €1,035 | -€3,092 | -74.9% |
| Total equity and liabilities | 10/49 | €384,271 | €415,799 | +€31,529 | +8.2% |
| Equity | 10/15 | €308,628 | €359,644 | +€51,017 | +16.5% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €270,673 | €320,673 | +€50,000 | +18.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €37,450 | €37,450 | = | 0.0% |
| Distributable reserves | 133 | €233,223 | €283,223 | +€50,000 | +21.4% |
| Profit (loss) carried forward | 14 | €2,954 | €3,971 | +€1,017 | +34.4% |
| Amounts payable | 17/49 | €75,643 | €56,155 | -€19,488 | -25.8% |
| Amounts payable within one year | 42/48 | €74,405 | €55,844 | -€18,561 | -24.9% |
| Trade debts | 44 | €51,512 | €47,004 | -€4,508 | -8.8% |
| Suppliers | 440/4 | €51,512 | €47,004 | -€4,508 | -8.8% |
| Advances received on contracts in progress | 46 | €3,357 | €2,163 | -€1,193 | -35.6% |
| Taxes, remuneration and social security | 45 | €15,569 | €6,399 | -€9,170 | -58.9% |
| Taxes | 450/3 | €15,569 | €6,399 | -€9,170 | -58.9% |
| Other amounts payable | 47/48 | €3,967 | €277 | -€3,690 | -93.0% |
| Accrued charges and deferred income | 492/3 | €1,238 | €310 | -€928 | -74.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,919 | €10,835 | +€3,916 | +56.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €1,575 | +€1,575 | |
| Other operating charges | 640/8 | €1,462 | €2,001 | +€540 | +36.9% |
| Non-recurring operating charges | 66A | €2,675 | €63 | -€2,612 | -97.6% |
| Gross operating margin | 9900 | €122,113 | €90,778 | -€31,335 | -25.7% |
| Operating profit (loss) | 9901 | €111,056 | €76,303 | -€34,754 | -31.3% |
| Financial income | 75/76B | €7,143 | €3,745 | -€3,398 | -47.6% |
| Recurring financial income | 75 | €7,143 | €3,745 | -€3,398 | -47.6% |
| Financial charges | 65/66B | €8,770 | €4,559 | -€4,211 | -48.0% |
| Recurring financial charges | 65 | €8,770 | €4,559 | -€4,211 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | €109,430 | €75,489 | -€33,941 | -31.0% |
| Income taxes | 67/77 | €35,978 | €24,472 | -€11,506 | -32.0% |
| Profit (loss) for the period | 9904 | €73,452 | €51,017 | -€22,435 | -30.5% |
| Profit (loss) for the period to be appropriated | 9905 | €73,452 | €51,017 | -€22,435 | -30.5% |
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 23 October 2026 via checked.be.