DR ATHANASIADIS: 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.
DR ATHANASIADIS
Largest movements
- Tangible fixed assets -€12,712
down €12,712 (-28.0%), from €45,320 to €32,609
of which Furniture and vehicles: -€9,951
- Cash -€10,109
down €10,109 (-9.8%), from €103,567 to €93,458
mainly Contributions, distributions and other (-€145,000) and Tax, wage and social debts (-€22,781)
- Tax, wage and social debts -€22,781
no longer reported in 2026 (was €22,781)
- Profit (loss) carried forward +€6,382
new in 2026: €6,382
- Other debts -€5,843
down €5,843 (-4.5%), from €129,093 to €123,250
No income-statement line moved by more than 1% of the activity.
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €172,877 | €149,078 | -€23,799 | -13.8% |
| Fixed assets | 21/28 | €45,320 | €32,609 | -€12,712 | -28.0% |
| Tangible fixed assets | 22/27 | €45,320 | €32,609 | -€12,712 | -28.0% |
| Plant, machinery and equipment | 23 | €18,215 | €16,065 | -€2,150 | -11.8% |
| Furniture and vehicles | 24 | €21,159 | €11,207 | -€9,951 | -47.0% |
| Other tangible fixed assets | 26 | €5,946 | €5,336 | -€610 | -10.3% |
| Current assets | 29/58 | €127,556 | €116,469 | -€11,087 | -8.7% |
| Amounts receivable within one year | 40/41 | €23,096 | €21,736 | -€1,360 | -5.9% |
| Other amounts receivable | 41 | €23,096 | €21,736 | -€1,360 | -5.9% |
| Cash at bank and in hand | 54/58 | €103,567 | €93,458 | -€10,109 | -9.8% |
| Deferred charges and accrued income | 490/1 | €894 | €1,275 | +€381 | +42.6% |
| Total equity and liabilities | 10/49 | €172,877 | €149,078 | -€23,799 | -13.8% |
| Equity | 10/15 | €18,600 | €24,982 | +€6,382 | +34.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €6,382 | +€6,382 | |
| Amounts payable | 17/49 | €154,277 | €124,096 | -€30,181 | -19.6% |
| Amounts payable within one year | 42/48 | €154,277 | €124,096 | -€30,181 | -19.6% |
| Trade debts | 44 | €2,403 | €846 | -€1,557 | -64.8% |
| Suppliers | 440/4 | €2,403 | €846 | -€1,557 | -64.8% |
| Taxes, remuneration and social security | 45 | €22,781 | - | -€22,781 | |
| Taxes | 450/3 | €22,781 | - | -€22,781 | |
| Other amounts payable | 47/48 | €129,093 | €123,250 | -€5,843 | -4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,677 | €13,823 | +€146 | +1.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €217,717 | €217,408 | -€309 | -0.1% |
| Operating profit (loss) | 9901 | €203,653 | €203,186 | -€467 | -0.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €60 | €129 | +€69 | +115% |
| Recurring financial charges | 65 | €60 | €129 | +€69 | +115% |
| Profit (loss) for the period before taxes | 9903 | €203,593 | €203,057 | -€536 | -0.3% |
| Income taxes | 67/77 | €51,719 | €51,675 | -€43 | -0.1% |
| Profit (loss) for the period | 9904 | €151,874 | €151,382 | -€492 | -0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €151,874 | €151,382 | -€492 | -0.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.