ATHOS BEHEER: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
ATHOS BEHEER
Largest movements
- Tangible fixed assets +€55,516
new in 2025: €55,516
of which Leasing and similar rights: +€51,088
- Cash +€13,086
up €13,086 (+11.4%), from €114,458 to €127,544
mainly Net result for the year (+€49,099) and Debts after one year (+€15,510)
- Reserves +€49,099
up €49,099 (+13.0%), from €377,009 to €426,107
of which Distributable reserves: +€49,099
- Debts after one year +€15,510
up €15,510 (+53.4%), from €29,064 to €44,573
- Current portion of long-term debt +€13,102
up €13,102 (+61.2%), from €21,412 to €34,514
- Short-term financial debts -€10,000
no longer reported in 2025 (was €10,000)
- Financial income -€15,904
down €15,904 (-65.2%), from €24,390 to €8,486
- Depreciation +€13,299
new in 2025: €13,299
- Taxes -€10,204
down €10,204 (-32.3%), from €31,613 to €21,409
- Gross operating margin -€2,724
down €2,724 (-3.4%), from €81,125 to €78,401
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €457,682 | €523,190 | +€65,509 | +14.3% |
| Fixed assets | 21/28 | €202,400 | €257,916 | +€55,516 | +27.4% |
| Tangible fixed assets | 22/27 | - | €55,516 | +€55,516 | |
| Furniture and vehicles | 24 | - | €4,428 | +€4,428 | |
| Leasing and similar rights | 25 | - | €51,088 | +€51,088 | |
| Financial fixed assets | 28 | €202,400 | €202,400 | = | 0.0% |
| Current assets | 29/58 | €255,282 | €265,275 | +€9,993 | +3.9% |
| Amounts receivable after more than one year | 29 | €24,000 | €24,000 | = | 0.0% |
| Other amounts receivable | 291 | €24,000 | €24,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €50,320 | €45,096 | -€5,224 | -10.4% |
| Trade receivables | 40 | €17,676 | €6,199 | -€11,477 | -64.9% |
| Other amounts receivable | 41 | €32,644 | €38,897 | +€6,253 | +19.2% |
| Current investments | 50/53 | €65,024 | €65,024 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €114,458 | €127,544 | +€13,086 | +11.4% |
| Deferred charges and accrued income | 490/1 | €1,481 | €3,612 | +€2,131 | +144% |
| Total equity and liabilities | 10/49 | €457,682 | €523,190 | +€65,509 | +14.3% |
| Equity | 10/15 | €389,409 | €438,507 | +€49,099 | +12.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €377,009 | €426,107 | +€49,099 | +13.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €375,149 | €424,247 | +€49,099 | +13.1% |
| Amounts payable | 17/49 | €68,273 | €84,683 | +€16,410 | +24.0% |
| Amounts payable after more than one year | 17 | €29,064 | €44,573 | +€15,510 | +53.4% |
| Financial debts | 170/4 | €29,064 | €44,573 | +€15,510 | +53.4% |
| Amounts payable within one year | 42/48 | €39,209 | €40,110 | +€900 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €21,412 | €34,514 | +€13,102 | +61.2% |
| Financial debts | 43 | €10,000 | - | -€10,000 | |
| Credit institutions | 430/8 | €10,000 | - | -€10,000 | |
| Trade debts | 44 | €7,343 | €4,187 | -€3,156 | -43.0% |
| Suppliers | 440/4 | €7,343 | €4,187 | -€3,156 | -43.0% |
| Taxes, remuneration and social security | 45 | €454 | €1,409 | +€954 | +210% |
| Taxes | 450/3 | €454 | €1,409 | +€954 | +210% |
| Non-recurring operating income | 76A | €9,000 | - | -€9,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €13,299 | +€13,299 | |
| Other operating charges | 640/8 | €1,444 | €2,033 | +€590 | +40.8% |
| Gross operating margin | 9900 | €81,125 | €78,401 | -€2,724 | -3.4% |
| Operating profit (loss) | 9901 | €79,681 | €63,069 | -€16,612 | -20.8% |
| Financial income | 75/76B | €24,390 | €8,486 | -€15,904 | -65.2% |
| Recurring financial income | 75 | €24,390 | €8,486 | -€15,904 | -65.2% |
| Financial charges | 65/66B | €1,417 | €1,048 | -€368 | -26.0% |
| Recurring financial charges | 65 | €1,417 | €1,048 | -€368 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €102,655 | €70,507 | -€32,148 | -31.3% |
| Income taxes | 67/77 | €31,613 | €21,409 | -€10,204 | -32.3% |
| Profit (loss) for the period | 9904 | €71,043 | €49,099 | -€21,944 | -30.9% |
| Profit (loss) for the period to be appropriated | 9905 | €71,043 | €49,099 | -€21,944 | -30.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.