ATHOS MANAGEMENT SPRL: what changed
What changed
ATHOS MANAGEMENT SPRL
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€44,892
2024 · €1.1m-€1.1m
Equity
€2.2m
2024 · €2.1m+€44,892
Cash
€153,972
2024 · €192,212-€38,240
Balance sheet total
€9.7m
2024 · €8.9m+€828,594
Largest movements
Assets
- Current investments -€1.0m
no longer reported in 2025 (was €1.0m)
- Receivables within one year +€958,300
up €958,300 (+19.9%), from €4.8m to €5.8m
of which Other amounts receivable: +€1.0m
- Tangible fixed assets +€906,263
up €906,263 (+32.9%), from €2.8m to €3.7m
of which Land and buildings: +€906,992
Equity and liabilities
- Debts after one year +€819,166
up €819,166 (+394%), from €207,668 to €1.0m
of which Financial debts: +€819,166
- Other debts -€118,358
down €118,358 (-2.0%), from €5.9m to €5.8m
Income statement
- Gross operating margin -€1.4m
down €1.4m (-80.9%), from €1.7m to €333,417
- Financial charges -€49,060
down €49,060 (-41.3%), from €118,816 to €69,756
- Depreciation +€39,238
up €39,238 (+24.0%), from €163,269 to €202,507
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.
Result 2024
€1.1m
Gross operating margin
-€1.4m
Depreciation
-€39,238
Other operating charges
+€8,201
Other operating items
-€1,500
Financial income
-€4,834
Financial charges
+€49,060
Taxes
-€16,614
Deferred taxes and other
+€348,583
Result 2025
€44,892
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€794,258
Investment
-€108,770
Financing
+€864,788
Cash 2024
€192,212
From operations (derived)
-€794,258
Net result for the year
+€44,892
Depreciation
+€202,507
Receivables within one year
-€958,300
Deferred charges and accrued income
-€2,271
Provisions
-€10,562
Trade debts
-€13,860
Tax, wage and social debts
+€11,464
Other debts
-€118,358
Accrued charges and deferred income
+€50,230
Investment (derived)
-€108,770
Investment in fixed assets (net)
-€1.1m
Current investments
+€1.0m
Financing
+€864,788
Debts after one year
+€819,166
Current portion of long-term debt
+€45,622
Cash 2025
€153,972
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,877,452 | €9,706,047 | +€828,594 | +9.3% |
| Fixed assets | 21/28 | €2,858,226 | €3,764,489 | +€906,263 | +31.7% |
| Tangible fixed assets | 22/27 | €2,757,226 | €3,663,489 | +€906,263 | +32.9% |
| Land and buildings | 22 | €2,755,353 | €3,662,344 | +€906,992 | +32.9% |
| Furniture and vehicles | 24 | €1,873 | €1,145 | -€729 | -38.9% |
| Financial fixed assets | 28 | €101,000 | €101,000 | = | 0.0% |
| Current assets | 29/58 | €6,019,226 | €5,941,558 | -€77,668 | -1.3% |
| Amounts receivable within one year | 40/41 | €4,826,745 | €5,785,045 | +€958,300 | +19.9% |
| Trade receivables | 40 | €82,473 | €32,273 | -€50,200 | -60.9% |
| Other amounts receivable | 41 | €4,744,271 | €5,752,771 | +€1.0m | +21.3% |
| Current investments | 50/53 | €1,000,000 | - | -€1.0m | |
| Cash at bank and in hand | 54/58 | €192,212 | €153,972 | -€38,240 | -19.9% |
| Deferred charges and accrued income | 490/1 | €270 | €2,541 | +€2,271 | +843% |
| Total equity and liabilities | 10/49 | €8,877,452 | €9,706,047 | +€828,594 | +9.3% |
| Equity | 10/15 | €2,140,153 | €2,185,045 | +€44,892 | +2.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,133,140 | €1,101,454 | -€31,686 | -2.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,042,780 | €1,011,094 | -€31,686 | -3.0% |
| Distributable reserves | 133 | €88,500 | €88,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €988,413 | €1,064,991 | +€76,578 | +7.7% |
| Provisions and deferred taxes | 16 | €338,020 | €327,458 | -€10,562 | -3.1% |
| Deferred taxes | 168 | €338,020 | €327,458 | -€10,562 | -3.1% |
| Amounts payable | 17/49 | €6,399,279 | €7,193,544 | +€794,264 | +12.4% |
| Amounts payable after more than one year | 17 | €207,668 | €1,026,834 | +€819,166 | +394% |
| Financial debts | 170/4 | €55,524 | €874,690 | +€819,166 | +1,475% |
| Other amounts payable | 178/9 | €152,144 | €152,144 | = | 0.0% |
| Amounts payable within one year | 42/48 | €6,015,913 | €5,940,782 | -€75,131 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €24,370 | €69,992 | +€45,622 | +187% |
| Trade debts | 44 | €34,076 | €20,216 | -€13,860 | -40.7% |
| Suppliers | 440/4 | €34,076 | €20,216 | -€13,860 | -40.7% |
| Taxes, remuneration and social security | 45 | €31,194 | €42,658 | +€11,464 | +36.8% |
| Taxes | 450/3 | €31,194 | €42,658 | +€11,464 | +36.8% |
| Other amounts payable | 47/48 | €5,926,273 | €5,807,915 | -€118,358 | -2.0% |
| Accrued charges and deferred income | 492/3 | €175,698 | €225,928 | +€50,230 | +28.6% |
| Non-recurring operating income | 76A | €1,394,330 | - | -€1.4m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €163,269 | €202,507 | +€39,238 | +24.0% |
| Other operating charges | 640/8 | €11,128 | €2,927 | -€8,201 | -73.7% |
| Non-recurring operating charges | 66A | - | €1,500 | +€1,500 | |
| Gross operating margin | 9900 | €1,749,854 | €333,417 | -€1.4m | -80.9% |
| Operating profit (loss) | 9901 | €1,575,457 | €126,483 | -€1.4m | -92.0% |
| Financial income | 75/76B | €11,720 | €6,886 | -€4,834 | -41.2% |
| Recurring financial income | 75 | €11,720 | €6,886 | -€4,834 | -41.2% |
| Financial charges | 65/66B | €118,816 | €69,756 | -€49,060 | -41.3% |
| Recurring financial charges | 65 | €118,816 | €69,756 | -€49,060 | -41.3% |
| Profit (loss) for the period before taxes | 9903 | €1,468,361 | €63,613 | -€1.4m | -95.7% |
| Transfer from deferred taxes | 780 | €10,562 | €10,562 | = | 0.0% |
| Transfer to deferred taxes | 680 | €348,583 | - | -€348,583 | |
| Income taxes | 67/77 | €12,669 | €29,283 | +€16,614 | +131% |
| Profit (loss) for the period | 9904 | €1,117,672 | €44,892 | -€1.1m | -96.0% |
| Transfer from tax-exempt reserves | 789 | €31,686 | €31,686 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €1,045,748 | - | -€1.0m | |
| Profit (loss) for the period to be appropriated | 9905 | €103,610 | €76,578 | -€27,032 | -26.1% |
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Calculation and sources
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 7 November 2026 via checked.be.