ATHOLL ASSOCIATES: 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.
ATHOLL ASSOCIATES
Largest movements
- Cash -€12,097
down €12,097 (-88.4%), from €13,689 to €1,591
mainly Net result for the year (-€8,534) and Investment in fixed assets (net) (-€6,782)
- Receivables within one year -€2,207
down €2,207 (-12.3%), from €17,929 to €15,722
of which Trade receivables: -€2,478
- Tangible fixed assets -€2,142
down €2,142 (-11.7%), from €18,232 to €16,090
of which Furniture and vehicles: -€7,481
- Profit (loss) carried forward -€8,534
down €8,534 (-147%), from -€5,808 to -€14,342
- Other debts -€3,726
no longer reported in 2025 (was €3,726)
- Trade debts -€2,290
down €2,290 (-11.3%), from €20,332 to €18,041
- Debts after one year -€1,735
no longer reported in 2025 (was €1,735)
- Gross operating margin -€15,069
down €15,069 (-83.1%), from €18,128 to €3,059
- Depreciation +€1,223
up €1,223 (+15.9%), from €7,701 to €8,924
- Financial charges +€423
up €423 (+68.2%), from €620 to €1,044
- Other operating charges -€379
down €379 (-24.9%), from €1,523 to €1,144
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 | €50,158 | €33,947 | -€16,211 | -32.3% |
| Fixed assets | 21/28 | €18,232 | €16,090 | -€2,142 | -11.7% |
| Tangible fixed assets | 22/27 | €18,232 | €16,090 | -€2,142 | -11.7% |
| Plant, machinery and equipment | 23 | €1,969 | €7,308 | +€5,339 | +271% |
| Furniture and vehicles | 24 | €16,264 | €8,782 | -€7,481 | -46.0% |
| Current assets | 29/58 | €31,926 | €17,856 | -€14,069 | -44.1% |
| Amounts receivable within one year | 40/41 | €17,929 | €15,722 | -€2,207 | -12.3% |
| Trade receivables | 40 | €17,632 | €15,153 | -€2,478 | -14.1% |
| Other amounts receivable | 41 | €297 | €568 | +€271 | +91.4% |
| Cash at bank and in hand | 54/58 | €13,689 | €1,591 | -€12,097 | -88.4% |
| Deferred charges and accrued income | 490/1 | €308 | €543 | +€235 | +76.1% |
| Total equity and liabilities | 10/49 | €50,158 | €33,947 | -€16,211 | -32.3% |
| Equity | 10/15 | €14,652 | €6,118 | -€8,534 | -58.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,808 | -€14,342 | -€8,534 | -147% |
| Amounts payable | 17/49 | €35,506 | €27,829 | -€7,678 | -21.6% |
| Amounts payable after more than one year | 17 | €1,735 | - | -€1,735 | |
| Other amounts payable | 178/9 | €1,735 | - | -€1,735 | |
| Amounts payable within one year | 42/48 | €33,771 | €27,829 | -€5,942 | -17.6% |
| Trade debts | 44 | €20,332 | €18,041 | -€2,290 | -11.3% |
| Suppliers | 440/4 | €20,332 | €18,041 | -€2,290 | -11.3% |
| Taxes, remuneration and social security | 45 | €9,713 | €9,787 | +€74 | +0.8% |
| Taxes | 450/3 | €5,593 | €5,655 | +€62 | +1.1% |
| Remuneration and social security | 454/9 | €4,121 | €4,132 | +€12 | +0.3% |
| Other amounts payable | 47/48 | €3,726 | - | -€3,726 | |
| Remuneration, social security and pensions | 62 | - | €125 | +€125 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,701 | €8,924 | +€1,223 | +15.9% |
| Other operating charges | 640/8 | €1,523 | €1,144 | -€379 | -24.9% |
| Gross operating margin | 9900 | €18,128 | €3,059 | -€15,069 | -83.1% |
| Operating profit (loss) | 9901 | €8,904 | -€7,134 | -€16,038 | |
| Financial income | 75/76B | €11 | €1 | -€9 | -87.0% |
| Recurring financial income | 75 | €11 | €1 | -€9 | -87.0% |
| Financial charges | 65/66B | €620 | €1,044 | +€423 | +68.2% |
| Recurring financial charges | 65 | €620 | €1,044 | +€423 | +68.2% |
| Profit (loss) for the period before taxes | 9903 | €8,294 | -€8,176 | -€16,470 | |
| Income taxes | 67/77 | €287 | €357 | +€71 | +24.7% |
| Profit (loss) for the period | 9904 | €8,008 | -€8,534 | -€16,541 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,008 | -€8,534 | -€16,541 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.