Athos: 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.
Athos
Largest movements
- Receivables within one year -€314,650
down €314,650 (-29.1%), from €1.1m to €767,346
- Stocks and contracts -€86,956
down €86,956 (-5.3%), from €1.6m to €1.6m
- Cash -€36,592
down €36,592 (-15.1%), from €241,973 to €205,381
mainly Debts after one year (-€413,930) and Trade debts (-€54,818)
- Debts after one year -€413,930
down €413,930 (-57.7%), from €717,246 to €303,316
- Trade debts -€54,818
down €54,818 (-3.3%), from €1.6m to €1.6m
- Profit (loss) carried forward +€41,850
up €41,850 (+81.2%), from -€51,512 to -€9,661
- Gross operating margin +€13,080
up €13,080 (+8.1%), from €162,114 to €175,194
- Financial charges -€10,553
down €10,553 (-31.3%), from €33,761 to €23,208
- Staff costs +€7,661
up €7,661 (+8.6%), from €89,494 to €97,155
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 | €2,992,967 | €2,555,482 | -€437,485 | -14.6% |
| Fixed assets | 21/28 | €22,913 | €23,071 | +€158 | +0.7% |
| Intangible fixed assets | 21 | €225 | €169 | -€56 | -25.0% |
| Tangible fixed assets | 22/27 | €367 | €429 | +€62 | +16.9% |
| Plant, machinery and equipment | 23 | €367 | €429 | +€62 | +16.9% |
| Financial fixed assets | 28 | €22,321 | €22,473 | +€152 | +0.7% |
| Current assets | 29/58 | €2,970,054 | €2,532,411 | -€437,643 | -14.7% |
| Stocks and contracts in progress | 3 | €1,637,232 | €1,550,276 | -€86,956 | -5.3% |
| Stocks | 30/36 | €1,637,232 | €1,550,276 | -€86,956 | -5.3% |
| Amounts receivable within one year | 40/41 | €1,081,996 | €767,346 | -€314,650 | -29.1% |
| Trade receivables | 40 | €1,081,996 | €767,346 | -€314,650 | -29.1% |
| Cash at bank and in hand | 54/58 | €241,973 | €205,381 | -€36,592 | -15.1% |
| Deferred charges and accrued income | 490/1 | €8,852 | €9,408 | +€556 | +6.3% |
| Total equity and liabilities | 10/49 | €2,992,967 | €2,555,482 | -€437,485 | -14.6% |
| Equity | 10/15 | €604,019 | €645,870 | +€41,850 | +6.9% |
| Contributions | 10/11 | €595,937 | €595,937 | = | 0.0% |
| Capital | 10 | €595,937 | €595,937 | = | 0.0% |
| Issued capital | 100 | €595,937 | €595,937 | = | 0.0% |
| Reserves | 13 | €59,594 | €59,594 | = | 0.0% |
| Non-distributable reserves | 130/1 | €59,594 | €59,594 | = | 0.0% |
| Legal reserve | 130 | €59,594 | €59,594 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€51,512 | -€9,661 | +€41,850 | +81.2% |
| Amounts payable | 17/49 | €2,388,948 | €1,909,612 | -€479,335 | -20.1% |
| Amounts payable after more than one year | 17 | €717,246 | €303,316 | -€413,930 | -57.7% |
| Financial debts | 170/4 | €717,246 | €303,316 | -€413,930 | -57.7% |
| Amounts payable within one year | 42/48 | €1,640,491 | €1,585,673 | -€54,818 | -3.3% |
| Trade debts | 44 | €1,640,491 | €1,585,673 | -€54,818 | -3.3% |
| Suppliers | 440/4 | €1,640,491 | €1,585,673 | -€54,818 | -3.3% |
| Accrued charges and deferred income | 492/3 | €31,211 | €20,623 | -€10,587 | -33.9% |
| Remuneration, social security and pensions | 62 | €89,494 | €97,155 | +€7,661 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €218 | €293 | +€75 | +34.2% |
| Other operating charges | 640/8 | €16,316 | €16,956 | +€640 | +3.9% |
| Gross operating margin | 9900 | €162,114 | €175,194 | +€13,080 | +8.1% |
| Operating profit (loss) | 9901 | €56,085 | €60,790 | +€4,705 | +8.4% |
| Financial income | 75/76B | €4,114 | €4,269 | +€155 | +3.8% |
| Recurring financial income | 75 | €4,114 | €4,269 | +€155 | +3.8% |
| Financial charges | 65/66B | €33,761 | €23,208 | -€10,553 | -31.3% |
| Recurring financial charges | 65 | €33,761 | €23,208 | -€10,553 | -31.3% |
| Profit (loss) for the period before taxes | 9903 | €26,438 | €41,850 | +€15,413 | +58.3% |
| Profit (loss) for the period | 9904 | €26,438 | €41,850 | +€15,413 | +58.3% |
| Profit (loss) for the period to be appropriated | 9905 | €26,438 | €41,850 | +€15,413 | +58.3% |
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 11 October 2026 via checked.be.