ATHYNA BELCORP: 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.
ATHYNA BELCORP
Largest movements
- Receivables within one year -€87,171
down €87,171 (-69.7%), from €125,098 to €37,927
of which Other amounts receivable: -€55,641
- Cash -€65,631
down €65,631 (-63.8%), from €102,915 to €37,284
mainly Contributions, distributions and other (-€100,000) and Current investments (-€33,000)
- Current investments +€33,000
new in 2025: €33,000
- Profit (loss) carried forward -€109,275
down €109,275 (-64.1%), from €170,557 to €61,282
- Trade debts -€7,792
down €7,792 (-48.7%), from €15,986 to €8,194
- Tax, wage and social debts -€2,743
down €2,743 (-9.1%), from €30,055 to €27,312
of which Remuneration and social security: -€6,480
- Gross operating margin -€142,688
down €142,688 (-81.5%), from €175,057 to €32,369
- Taxes -€25,407
down €25,407 (-97.7%), from €26,016 to €609
- Staff costs -€22,884
down €22,884 (-35.9%), from €63,683 to €40,798
- Financial income +€2,602
up €2,602 (+50.8%), from €5,121 to €7,723
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 | €235,198 | €115,388 | -€119,810 | -50.9% |
| Fixed assets | 21/28 | €3,336 | €3,074 | -€262 | -7.9% |
| Tangible fixed assets | 22/27 | €3,336 | €3,074 | -€262 | -7.9% |
| Furniture and vehicles | 24 | €3,336 | €3,074 | -€262 | -7.9% |
| Current assets | 29/58 | €231,862 | €112,314 | -€119,549 | -51.6% |
| Amounts receivable within one year | 40/41 | €125,098 | €37,927 | -€87,171 | -69.7% |
| Trade receivables | 40 | €31,530 | €0 | -€31,530 | -100% |
| Other amounts receivable | 41 | €93,568 | €37,927 | -€55,641 | -59.5% |
| Current investments | 50/53 | - | €33,000 | +€33,000 | |
| Cash at bank and in hand | 54/58 | €102,915 | €37,284 | -€65,631 | -63.8% |
| Deferred charges and accrued income | 490/1 | €3,849 | €4,103 | +€254 | +6.6% |
| Total equity and liabilities | 10/49 | €235,198 | €115,388 | -€119,810 | -50.9% |
| Equity | 10/15 | €189,157 | €79,882 | -€109,275 | -57.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €170,557 | €61,282 | -€109,275 | -64.1% |
| Amounts payable | 17/49 | €46,041 | €35,505 | -€10,536 | -22.9% |
| Amounts payable within one year | 42/48 | €46,041 | €35,505 | -€10,536 | -22.9% |
| Trade debts | 44 | €15,986 | €8,194 | -€7,792 | -48.7% |
| Suppliers | 440/4 | €15,986 | €8,194 | -€7,792 | -48.7% |
| Taxes, remuneration and social security | 45 | €30,055 | €27,312 | -€2,743 | -9.1% |
| Taxes | 450/3 | €22,736 | €26,473 | +€3,737 | +16.4% |
| Remuneration and social security | 454/9 | €7,319 | €839 | -€6,480 | -88.5% |
| Remuneration, social security and pensions | 62 | €63,683 | €40,798 | -€22,884 | -35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,738 | €2,058 | +€320 | +18.4% |
| Gross operating margin | 9900 | €175,057 | €32,369 | -€142,688 | -81.5% |
| Operating profit (loss) | 9901 | €109,637 | -€10,487 | -€120,124 | |
| Financial income | 75/76B | €5,121 | €7,723 | +€2,602 | +50.8% |
| Recurring financial income | 75 | €5,121 | €7,723 | +€2,602 | +50.8% |
| Financial charges | 65/66B | €4,205 | €5,902 | +€1,698 | +40.4% |
| Recurring financial charges | 65 | €4,205 | €5,902 | +€1,698 | +40.4% |
| Profit (loss) for the period before taxes | 9903 | €110,553 | -€8,666 | -€119,219 | |
| Income taxes | 67/77 | €26,016 | €609 | -€25,407 | -97.7% |
| Profit (loss) for the period | 9904 | €84,537 | -€9,275 | -€93,812 | |
| Profit (loss) for the period to be appropriated | 9905 | €84,537 | -€9,275 | -€93,812 |
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 20 October 2026 via checked.be.