ATHOGA: 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.
ATHOGA
Largest movements
- Tangible fixed assets -€51,925
down €51,925 (-4.6%), from €1.1m to €1.1m
of which Land and buildings: -€41,328
- Receivables within one year -€15,740
down €15,740 (-31.9%), from €49,394 to €33,654
of which Other amounts receivable: -€7,919
- Debts after one year -€37,801
down €37,801 (-4.8%), from €779,528 to €741,727
- Profit (loss) carried forward -€19,225
down €19,225 (-28.3%), from -€67,829 to -€87,054
- Other debts -€15,450
down €15,450 (-17.3%), from €89,324 to €73,875
- Other operating charges -€7,207
down €7,207 (-76.8%), from €9,380 to €2,173
- Depreciation -€3,429
down €3,429 (-6.0%), from €57,238 to €53,809
- Financial charges -€1,044
down €1,044 (-12.7%), from €8,215 to €7,171
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 | €1,200,040 | €1,132,220 | -€67,820 | -5.7% |
| Fixed assets | 21/28 | €1,132,504 | €1,080,579 | -€51,925 | -4.6% |
| Tangible fixed assets | 22/27 | €1,132,454 | €1,080,529 | -€51,925 | -4.6% |
| Land and buildings | 22 | €1,086,083 | €1,044,755 | -€41,328 | -3.8% |
| Plant, machinery and equipment | 23 | €9,028 | €7,385 | -€1,643 | -18.2% |
| Furniture and vehicles | 24 | €37,343 | €28,389 | -€8,954 | -24.0% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €67,536 | €51,641 | -€15,895 | -23.5% |
| Amounts receivable after more than one year | 29 | €15,000 | €15,000 | = | 0.0% |
| Other amounts receivable | 291 | €15,000 | €15,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €49,394 | €33,654 | -€15,740 | -31.9% |
| Trade receivables | 40 | €40,007 | €32,186 | -€7,821 | -19.5% |
| Other amounts receivable | 41 | €9,386 | €1,468 | -€7,919 | -84.4% |
| Cash at bank and in hand | 54/58 | €3,142 | €2,987 | -€155 | -4.9% |
| Total equity and liabilities | 10/49 | €1,200,040 | €1,132,220 | -€67,820 | -5.7% |
| Equity | 10/15 | €280,371 | €261,146 | -€19,225 | -6.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €280,000 | €280,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€67,829 | -€87,054 | -€19,225 | -28.3% |
| Amounts payable | 17/49 | €919,669 | €871,074 | -€48,595 | -5.3% |
| Amounts payable after more than one year | 17 | €779,528 | €741,727 | -€37,801 | -4.8% |
| Financial debts | 170/4 | €779,528 | €741,727 | -€37,801 | -4.8% |
| Amounts payable within one year | 42/48 | €140,141 | €128,750 | -€11,391 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €39,717 | €37,801 | -€1,916 | -4.8% |
| Financial debts | 43 | - | €6,697 | +€6,697 | |
| Credit institutions | 430/8 | - | €6,697 | +€6,697 | |
| Trade debts | 44 | €3,912 | €6,617 | +€2,705 | +69.2% |
| Suppliers | 440/4 | €3,912 | €6,617 | +€2,705 | +69.2% |
| Taxes, remuneration and social security | 45 | €7,188 | €3,760 | -€3,428 | -47.7% |
| Taxes | 450/3 | €4,804 | €2,565 | -€2,239 | -46.6% |
| Remuneration and social security | 454/9 | €2,384 | €1,195 | -€1,189 | -49.9% |
| Other amounts payable | 47/48 | €89,324 | €73,875 | -€15,450 | -17.3% |
| Accrued charges and deferred income | 492/3 | - | €597 | +€597 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,238 | €53,809 | -€3,429 | -6.0% |
| Other operating charges | 640/8 | €9,380 | €2,173 | -€7,207 | -76.8% |
| Gross operating margin | 9900 | €47,383 | €47,478 | +€95 | +0.2% |
| Operating profit (loss) | 9901 | -€19,235 | -€8,504 | +€10,730 | +55.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €8,215 | €7,171 | -€1,044 | -12.7% |
| Recurring financial charges | 65 | €8,215 | €7,171 | -€1,044 | -12.7% |
| Profit (loss) for the period before taxes | 9903 | -€27,450 | -€15,675 | +€11,775 | +42.9% |
| Income taxes | 67/77 | €3,776 | €3,550 | -€226 | -6.0% |
| Profit (loss) for the period | 9904 | -€31,225 | -€19,225 | +€12,000 | +38.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,225 | -€19,225 | +€12,000 | +38.4% |
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.