ANTARTICA: 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.
ANTARTICA
Largest movements
- Cash +€10,999
up €10,999 (+90.8%), from €12,115 to €23,114
mainly Net result for the year (+€7,145) and Tax, wage and social debts (+€4,723)
- Receivables within one year +€6,228
up €6,228 (+17.9%), from €34,798 to €41,025
of which Other amounts receivable: +€16,978
- Tangible fixed assets -€2,167
down €2,167 (-28.5%), from €7,591 to €5,424
- Profit (loss) carried forward +€7,118
up €7,118 (+757%), from €940 to €8,058
- Tax, wage and social debts +€4,723
up €4,723 (+56.7%), from €8,333 to €13,056
of which Remuneration and social security: +€5,356
- Trade debts +€3,219
up €3,219 (+223%), from €1,440 to €4,659
- Staff costs +€25,638
new in 2025: €25,638
- Other operating charges -€14,800
down €14,800 (-96.9%), from €15,278 to €477
- Financial charges -€9,273
down €9,273 (-73.3%), from €12,646 to €3,373
of which Non-recurring financial charges: -€10,000
- Gross operating margin +€7,685
up €7,685 (+24.3%), from €31,608 to €39,293
- Taxes +€944
up €944 (+108%), from €876 to €1,821
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 | €54,503 | €69,563 | +€15,060 | +27.6% |
| Fixed assets | 21/28 | €7,591 | €5,424 | -€2,167 | -28.5% |
| Tangible fixed assets | 22/27 | €7,591 | €5,424 | -€2,167 | -28.5% |
| Furniture and vehicles | 24 | €7,591 | €5,424 | -€2,167 | -28.5% |
| Financial fixed assets | 28 | €0 | €0 | = | |
| Current assets | 29/58 | €46,912 | €64,139 | +€17,227 | +36.7% |
| Amounts receivable within one year | 40/41 | €34,798 | €41,025 | +€6,228 | +17.9% |
| Trade receivables | 40 | €13,756 | €3,005 | -€10,751 | -78.2% |
| Other amounts receivable | 41 | €21,042 | €38,020 | +€16,978 | +80.7% |
| Cash at bank and in hand | 54/58 | €12,115 | €23,114 | +€10,999 | +90.8% |
| Total equity and liabilities | 10/49 | €54,503 | €69,563 | +€15,060 | +27.6% |
| Equity | 10/15 | €44,730 | €51,848 | +€7,118 | +15.9% |
| Contributions | 10/11 | €43,790 | €43,790 | = | 0.0% |
| Profit (loss) carried forward | 14 | €940 | €8,058 | +€7,118 | +757% |
| Amounts payable | 17/49 | €9,773 | €17,715 | +€7,942 | +81.3% |
| Amounts payable within one year | 42/48 | €9,773 | €17,715 | +€7,942 | +81.3% |
| Trade debts | 44 | €1,440 | €4,659 | +€3,219 | +223% |
| Suppliers | 440/4 | €1,440 | €4,659 | +€3,219 | +223% |
| Taxes, remuneration and social security | 45 | €8,333 | €13,056 | +€4,723 | +56.7% |
| Taxes | 450/3 | €8,333 | €7,700 | -€633 | -7.6% |
| Remuneration and social security | 454/9 | - | €5,356 | +€5,356 | |
| Remuneration, social security and pensions | 62 | - | €25,638 | +€25,638 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,456 | €2,496 | +€41 | +1.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €886 | - | -€886 | |
| Other operating charges | 640/8 | €15,278 | €477 | -€14,800 | -96.9% |
| Gross operating margin | 9900 | €31,608 | €39,293 | +€7,685 | +24.3% |
| Operating profit (loss) | 9901 | €12,989 | €10,682 | -€2,307 | -17.8% |
| Financial income | 75/76B | €1,068 | €1,657 | +€589 | +55.2% |
| Recurring financial income | 75 | €1,068 | €1,657 | +€589 | +55.2% |
| Financial charges | 65/66B | €12,646 | €3,373 | -€9,273 | -73.3% |
| Recurring financial charges | 65 | €2,646 | €3,373 | +€727 | +27.5% |
| Non-recurring financial charges | 66B | €10,000 | - | -€10,000 | |
| Profit (loss) for the period before taxes | 9903 | €1,411 | €8,966 | +€7,555 | +536% |
| Income taxes | 67/77 | €876 | €1,821 | +€944 | +108% |
| Profit (loss) for the period | 9904 | €535 | €7,145 | +€6,611 | +1,237% |
| Profit (loss) for the period to be appropriated | 9905 | €535 | €7,145 | +€6,611 | +1,237% |
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 31 October 2026 via checked.be.