GP ATHENA: 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.
GP ATHENA
Largest movements
- Receivables within one year +€20,082
up €20,082 (+22.1%), from €91,035 to €111,117
of which Other amounts receivable: +€34,725
- Tangible fixed assets +€3,001
new in 2025: €3,001
- Deferred charges and accrued income +€2,600
up €2,600 (+4,413%), from €59 to €2,659
- Cash +€1,668
up €1,668 (+84.4%), from €1,977 to €3,646
mainly Net result for the year (+€44,720) and Trade debts (+€4,172)
- Reserves +€44,720
up €44,720 (+107%), from €41,916 to €86,637
- Tax, wage and social debts -€21,747
down €21,747 (-51.7%), from €42,033 to €20,287
of which Taxes: -€19,747
- Trade debts +€4,172
up €4,172 (+203%), from €2,059 to €6,231
- Gross operating margin +€8,438
up €8,438 (+14.4%), from €58,434 to €66,872
- Taxes +€3,047
up €3,047 (+18.8%), from €16,177 to €19,223
- Financial charges +€2,785
up €2,785 (+957%), from €291 to €3,076
- Financial income +€829
new in 2025: €829
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 | €93,071 | €120,423 | +€27,351 | +29.4% |
| Fixed assets | 21/28 | - | €3,001 | +€3,001 | |
| Tangible fixed assets | 22/27 | - | €3,001 | +€3,001 | |
| Furniture and vehicles | 24 | - | €3,001 | +€3,001 | |
| Current assets | 29/58 | €93,071 | €117,421 | +€24,350 | +26.2% |
| Amounts receivable within one year | 40/41 | €91,035 | €111,117 | +€20,082 | +22.1% |
| Trade receivables | 40 | €91,035 | €76,392 | -€14,643 | -16.1% |
| Other amounts receivable | 41 | - | €34,725 | +€34,725 | |
| Cash at bank and in hand | 54/58 | €1,977 | €3,646 | +€1,668 | +84.4% |
| Deferred charges and accrued income | 490/1 | €59 | €2,659 | +€2,600 | +4,413% |
| Total equity and liabilities | 10/49 | €93,071 | €120,423 | +€27,351 | +29.4% |
| Equity | 10/15 | €44,916 | €89,637 | +€44,720 | +99.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €41,916 | €86,637 | +€44,720 | +107% |
| Distributable reserves | 133 | €41,916 | €86,637 | +€44,720 | +107% |
| Amounts payable | 17/49 | €48,155 | €30,786 | -€17,369 | -36.1% |
| Amounts payable within one year | 42/48 | €44,100 | €26,518 | -€17,582 | -39.9% |
| Trade debts | 44 | €2,059 | €6,231 | +€4,172 | +203% |
| Suppliers | 440/4 | €2,059 | €6,231 | +€4,172 | +203% |
| Taxes, remuneration and social security | 45 | €42,033 | €20,287 | -€21,747 | -51.7% |
| Taxes | 450/3 | €40,033 | €20,287 | -€19,747 | -49.3% |
| Remuneration and social security | 454/9 | €2,000 | €0 | -€2,000 | -100% |
| Other amounts payable | 47/48 | €8 | €0 | -€8 | -100% |
| Accrued charges and deferred income | 492/3 | €4,055 | €4,268 | +€213 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €294 | +€294 | |
| Other operating charges | 640/8 | €50 | €387 | +€337 | +675% |
| Gross operating margin | 9900 | €58,434 | €66,872 | +€8,438 | +14.4% |
| Operating profit (loss) | 9901 | €58,384 | €66,190 | +€7,807 | +13.4% |
| Financial income | 75/76B | - | €829 | +€829 | |
| Recurring financial income | 75 | - | €829 | +€829 | |
| Financial charges | 65/66B | €291 | €3,076 | +€2,785 | +957% |
| Recurring financial charges | 65 | €291 | €3,076 | +€2,785 | +957% |
| Profit (loss) for the period before taxes | 9903 | €58,093 | €63,944 | +€5,851 | +10.1% |
| Income taxes | 67/77 | €16,177 | €19,223 | +€3,047 | +18.8% |
| Profit (loss) for the period | 9904 | €41,916 | €44,720 | +€2,804 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €41,916 | €44,720 | +€2,804 | +6.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.