NEW ATHOLI: 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.
NEW ATHOLI
Largest movements
- Tangible fixed assets +€18,916
new in 2025: €18,916
of which Furniture and vehicles: +€18,916
- Stocks and contracts +€11,453
up €11,453 (+156%), from €7,353 to €18,806
- Receivables within one year +€2,500
new in 2025: €2,500
- Cash -€923
down €923 (-7.4%), from €12,533 to €11,609
- Debts after one year +€15,396
new in 2025: €15,396
- Reserves +€6,182
up €6,182 (+332%), from €1,860 to €8,042
- Profit (loss) carried forward +€4,809
no longer reported in 2025 (was -€4,809)
- Current portion of long-term debt +€4,643
new in 2025: €4,643
- Tax, wage and social debts +€2,270
up €2,270 (+221%), from €1,027 to €3,297
of which Remuneration and social security: +€1,600
- Gross operating margin +€9,620
up €9,620 (+163%), from €5,912 to €15,532
- Depreciation +€7,439
up €7,439 (+257%), from €2,895 to €10,333
- Financial charges +€1,902
up €1,902 (+1,285%), from €148 to €2,050
- Other operating charges +€214
up €214 (+7.8%), from €2,760 to €2,974
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,022 | €52,334 | +€32,312 | +161% |
| Formation expenses | 20 | - | €0 | = | |
| Fixed assets | 21/28 | - | €18,916 | +€18,916 | |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | - | €18,916 | +€18,916 | |
| Plant, machinery and equipment | 23 | - | €0 | = | |
| Furniture and vehicles | 24 | - | €18,916 | +€18,916 | |
| Other tangible fixed assets | 26 | - | €0 | = | |
| Current assets | 29/58 | €20,022 | €33,417 | +€13,395 | +66.9% |
| Stocks and contracts in progress | 3 | €7,353 | €18,806 | +€11,453 | +156% |
| Stocks | 30/36 | €7,353 | €18,806 | +€11,453 | +156% |
| Amounts receivable within one year | 40/41 | - | €2,500 | +€2,500 | |
| Trade receivables | 40 | - | €2,500 | +€2,500 | |
| Cash at bank and in hand | 54/58 | €12,533 | €11,609 | -€923 | -7.4% |
| Deferred charges and accrued income | 490/1 | €137 | €503 | +€366 | +267% |
| Total equity and liabilities | 10/49 | €20,022 | €52,334 | +€32,312 | +161% |
| Equity | 10/15 | €13,251 | €24,242 | +€10,991 | +82.9% |
| Contributions | 10/11 | €16,200 | €16,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €8,042 | +€6,182 | +332% |
| Distributable reserves | 133 | €1,860 | €8,042 | +€6,182 | +332% |
| Profit (loss) carried forward | 14 | -€4,809 | - | +€4,809 | |
| Amounts payable | 17/49 | €6,771 | €28,092 | +€21,320 | +315% |
| Amounts payable after more than one year | 17 | - | €15,396 | +€15,396 | |
| Financial debts | 170/4 | - | €15,396 | +€15,396 | |
| Amounts payable within one year | 42/48 | €6,771 | €12,695 | +€5,924 | +87.5% |
| Current portion of amounts payable after more than one year | 42 | - | €4,643 | +€4,643 | |
| Financial debts | 43 | - | €197 | +€197 | |
| Credit institutions | 430/8 | - | €197 | +€197 | |
| Trade debts | 44 | €5,744 | €4,559 | -€1,186 | -20.6% |
| Suppliers | 440/4 | €5,744 | €4,559 | -€1,186 | -20.6% |
| Taxes, remuneration and social security | 45 | €1,027 | €3,297 | +€2,270 | +221% |
| Taxes | 450/3 | €1,027 | €1,697 | +€670 | +65.3% |
| Remuneration and social security | 454/9 | - | €1,600 | +€1,600 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,895 | €10,333 | +€7,439 | +257% |
| Other operating charges | 640/8 | €2,760 | €2,974 | +€214 | +7.8% |
| Gross operating margin | 9900 | €5,912 | €15,532 | +€9,620 | +163% |
| Operating profit (loss) | 9901 | €258 | €2,225 | +€1,967 | +763% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €148 | €2,050 | +€1,902 | +1,285% |
| Recurring financial charges | 65 | €148 | €2,050 | +€1,902 | +1,285% |
| Profit (loss) for the period before taxes | 9903 | €114 | €174 | +€60 | +53.0% |
| Income taxes | 67/77 | - | €123 | +€123 | |
| Profit (loss) for the period | 9904 | €114 | €52 | -€62 | -54.7% |
| Profit (loss) for the period to be appropriated | 9905 | €114 | €52 | -€62 | -54.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.