HSL ATHANEE CONCEPT: 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.
HSL ATHANEE CONCEPT
Largest movements
- Receivables within one year +€4,990
up €4,990 (+174%), from €2,865 to €7,854
of which Trade receivables: +€5,361
- Cash -€251
down €251 (-28.2%), from €890 to €639
mainly Receivables within one year (-€4,990)
- Deferred charges and accrued income -€169
down €169 (-11.9%), from €1,422 to €1,253
- Profit (loss) carried forward +€3,176
up €3,176, from -€2,711 to €465
- Trade debts +€1,084
up €1,084 (+69.7%), from €1,555 to €2,638
- Tax, wage and social debts +€310
new in 2025: €310
- Gross operating margin +€4,426
up €4,426, from -€390 to €4,036
- Taxes +€310
new in 2025: €310
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 | €5,176 | €9,746 | +€4,570 | +88.3% |
| Current assets | 29/58 | €5,176 | €9,746 | +€4,570 | +88.3% |
| Amounts receivable within one year | 40/41 | €2,865 | €7,854 | +€4,990 | +174% |
| Trade receivables | 40 | €1,552 | €6,913 | +€5,361 | +345% |
| Other amounts receivable | 41 | €1,313 | €941 | -€371 | -28.3% |
| Cash at bank and in hand | 54/58 | €890 | €639 | -€251 | -28.2% |
| Deferred charges and accrued income | 490/1 | €1,422 | €1,253 | -€169 | -11.9% |
| Total equity and liabilities | 10/49 | €5,176 | €9,746 | +€4,570 | +88.3% |
| Equity | 10/15 | €289 | €3,465 | +€3,176 | +1,100% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,711 | €465 | +€3,176 | |
| Amounts payable | 17/49 | €4,888 | €6,281 | +€1,394 | +28.5% |
| Amounts payable within one year | 42/48 | €4,888 | €6,281 | +€1,394 | +28.5% |
| Trade debts | 44 | €1,555 | €2,638 | +€1,084 | +69.7% |
| Suppliers | 440/4 | €1,555 | €2,638 | +€1,084 | +69.7% |
| Taxes, remuneration and social security | 45 | - | €310 | +€310 | |
| Taxes | 450/3 | - | €310 | +€310 | |
| Other amounts payable | 47/48 | €3,333 | €3,333 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€390 | €4,036 | +€4,426 | |
| Operating profit (loss) | 9901 | -€777 | €3,636 | +€4,413 | |
| Financial charges | 65/66B | €131 | €150 | +€19 | +14.4% |
| Recurring financial charges | 65 | €131 | €150 | +€19 | +14.4% |
| Profit (loss) for the period before taxes | 9903 | -€908 | €3,486 | +€4,394 | |
| Income taxes | 67/77 | - | €310 | +€310 | |
| Profit (loss) for the period | 9904 | -€908 | €3,176 | +€4,084 | |
| Profit (loss) for the period to be appropriated | 9905 | -€908 | €3,176 | +€4,084 |
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 15 October 2026 via checked.be.