ATHOS: what changed
Two fiscal 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.
ATHOS
Largest movements
- Cash +€39,242
up €39,242 (+11.0%), from €357,179 to €396,422
mainly Net result for the year (+€98,103) and Other debts (+€80,827)
- Stocks and contracts +€26,200
up €26,200 (+60.4%), from €43,400 to €69,600
- Receivables within one year -€15,110
down €15,110 (-32.7%), from €46,156 to €31,046
of which Other amounts receivable: -€20,172
- Tangible fixed assets -€11,928
down €11,928 (-20.9%), from €57,139 to €45,211
of which Furniture and vehicles: -€11,666
- Deferred charges and accrued income +€6,965
up €6,965 (+197.0%), from €3,535 to €10,500
- Other debts +€80,827
up €80,827 (+630.5%), from €12,820 to €93,647
- Provisions -€53,610
no longer reported in 2025 (was €53,610)
- Trade debts +€8,506
up €8,506 (+141.9%), from €5,993 to €14,499
- Gross operating margin -€138,029
down €138,029 (-53.0%), from €260,367 to €122,338
- Staff costs -€122,002
down €122,002 (-86.1%), from €141,764 to €19,762
- Provisions -€53,610
new in 2025: -€53,610
- Taxes +€12,004
up €12,004 (+40.7%), from €29,482 to €41,486
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 | €507,409 | €552,779 | +€45,370 | +8.9% |
| Fixed assets | 21/28 | €57,139 | €45,211 | -€11,928 | -20.9% |
| Tangible fixed assets | 22/27 | €57,139 | €45,211 | -€11,928 | -20.9% |
| Land and buildings | 22 | €579 | - | -€579 | |
| Plant, machinery and equipment | 23 | €1,064 | €2,387 | +€1,322 | +124.2% |
| Furniture and vehicles | 24 | €47,603 | €35,937 | -€11,666 | -24.5% |
| Other tangible fixed assets | 26 | €7,893 | €6,887 | -€1,006 | -12.7% |
| Current assets | 29/58 | €450,270 | €507,568 | +€57,298 | +12.7% |
| Stocks and contracts in progress | 3 | €43,400 | €69,600 | +€26,200 | +60.4% |
| Stocks | 30/36 | €43,400 | €69,600 | +€26,200 | +60.4% |
| Amounts receivable within one year | 40/41 | €46,156 | €31,046 | -€15,110 | -32.7% |
| Trade receivables | 40 | €10,987 | €16,050 | +€5,063 | +46.1% |
| Other amounts receivable | 41 | €35,169 | €14,996 | -€20,172 | -57.4% |
| Cash at bank and in hand | 54/58 | €357,179 | €396,422 | +€39,242 | +11.0% |
| Deferred charges and accrued income | 490/1 | €3,535 | €10,500 | +€6,965 | +197.0% |
| Total equity and liabilities | 10/49 | €507,409 | €552,779 | +€45,370 | +8.9% |
| Equity | 10/15 | €426,839 | €431,296 | +€4,456 | +1.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €408,247 | €412,704 | +€4,456 | +1.1% |
| Distributable reserves | 133 | €408,247 | €412,704 | +€4,456 | +1.1% |
| Provisions and deferred taxes | 16 | €53,610 | - | -€53,610 | |
| Provisions for liabilities and charges | 160/5 | €53,610 | - | -€53,610 | |
| Pensions and similar obligations | 160 | €53,610 | - | -€53,610 | |
| Amounts payable | 17/49 | €26,960 | €121,484 | +€94,524 | +350.6% |
| Amounts payable within one year | 42/48 | €24,460 | €119,984 | +€95,524 | +390.5% |
| Financial debts | 43 | - | €751 | +€751 | |
| Credit institutions | 430/8 | - | €751 | +€751 | |
| Trade debts | 44 | €5,993 | €14,499 | +€8,506 | +141.9% |
| Suppliers | 440/4 | €5,993 | €14,499 | +€8,506 | +141.9% |
| Taxes, remuneration and social security | 45 | €5,647 | €11,087 | +€5,440 | +96.3% |
| Taxes | 450/3 | €5,647 | €11,087 | +€5,440 | +96.3% |
| Other amounts payable | 47/48 | €12,820 | €93,647 | +€80,827 | +630.5% |
| Accrued charges and deferred income | 492/3 | €2,500 | €1,500 | -€1,000 | -40.0% |
| Remuneration, social security and pensions | 62 | €141,764 | €19,762 | -€122,002 | -86.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,998 | €16,044 | +€1,047 | +7.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€53,610 | -€53,610 | |
| Other operating charges | 640/8 | €2,501 | €2,626 | +€125 | +5.0% |
| Gross operating margin | 9900 | €260,367 | €122,338 | -€138,029 | -53.0% |
| Operating profit (loss) | 9901 | €101,104 | €137,516 | +€36,412 | +36.0% |
| Financial income | 75/76B | €366 | €2,420 | +€2,054 | +561.4% |
| Recurring financial income | 75 | €366 | €2,420 | +€2,054 | +561.4% |
| Financial charges | 65/66B | €497 | €347 | -€150 | -30.1% |
| Recurring financial charges | 65 | €497 | €347 | -€150 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €100,973 | €139,589 | +€38,616 | +38.2% |
| Income taxes | 67/77 | €29,482 | €41,486 | +€12,004 | +40.7% |
| Profit (loss) for the period | 9904 | €71,491 | €98,103 | +€26,612 | +37.2% |
| Profit (loss) for the period to be appropriated | 9905 | €71,491 | €98,103 | +€26,612 | +37.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.