ARCTAS: what changed
Two fiscal 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.
ARCTAS
Largest movements
- Receivables within one year +€42,811
up €42,811 (+67.8%), from €63,141 to €105,952
of which Trade receivables: +€43,424
- Tangible fixed assets -€18,081
down €18,081 (-53.0%), from €34,088 to €16,007
of which Plant, machinery and equipment: -€18,911
- Stocks and contracts +€8,773
up €8,773 (+71.9%), from €12,194 to €20,967
- Cash +€8,079
up €8,079 (+60.0%), from €13,471 to €21,550
mainly Other debts (+€25,901) and Depreciation (+€21,667)
- Other debts +€25,901
up €25,901 (+82.5%), from €31,401 to €57,302
- Trade debts +€17,348
up €17,348 (+297.4%), from €5,833 to €23,181
- Current portion of long-term debt -€7,785
down €7,785 (-100.0%), from €7,785 to €0
- Tax, wage and social debts +€6,227
up €6,227 (+191.5%), from €3,253 to €9,480
of which Taxes: +€6,227
- Profit (loss) carried forward -€2,483
down €2,483 (-4.2%), from -€59,176 to -€61,659
- Gross operating margin +€51,675
up €51,675, from -€31,038 to €20,637
- Depreciation -€4,286
down €4,286 (-16.5%), from €25,952 to €21,667
- Financial charges -€705
down €705 (-58.1%), from €1,213 to €508
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.
Cash bridge derived
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 | €128,734 | €167,954 | +€39,220 | +30.5% |
| Fixed assets | 21/28 | €36,461 | €17,481 | -€18,981 | -52.1% |
| Intangible fixed assets | 21 | €2,373 | €1,473 | -€900 | -37.9% |
| Tangible fixed assets | 22/27 | €34,088 | €16,007 | -€18,081 | -53.0% |
| Plant, machinery and equipment | 23 | €30,530 | €11,619 | -€18,911 | -61.9% |
| Furniture and vehicles | 24 | €1,217 | €2,289 | +€1,072 | +88.1% |
| Other tangible fixed assets | 26 | €2,341 | €2,100 | -€241 | -10.3% |
| Current assets | 29/58 | €92,272 | €150,473 | +€58,201 | +63.1% |
| Stocks and contracts in progress | 3 | €12,194 | €20,967 | +€8,773 | +71.9% |
| Stocks | 30/36 | €12,194 | €20,967 | +€8,773 | +71.9% |
| Amounts receivable within one year | 40/41 | €63,141 | €105,952 | +€42,811 | +67.8% |
| Trade receivables | 40 | €50,158 | €93,582 | +€43,424 | +86.6% |
| Other amounts receivable | 41 | €12,984 | €12,370 | -€614 | -4.7% |
| Cash at bank and in hand | 54/58 | €13,471 | €21,550 | +€8,079 | +60.0% |
| Deferred charges and accrued income | 490/1 | €3,465 | €2,003 | -€1,462 | -42.2% |
| Total equity and liabilities | 10/49 | €128,734 | €167,954 | +€39,220 | +30.5% |
| Equity | 10/15 | €17,648 | €15,165 | -€2,483 | -14.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €58,223 | €58,223 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €56,363 | €56,363 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€59,176 | -€61,659 | -€2,483 | -4.2% |
| Amounts payable | 17/49 | €111,086 | €152,789 | +€41,703 | +37.5% |
| Amounts payable after more than one year | 17 | €51,000 | €51,000 | = | 0.0% |
| Financial debts | 170/4 | €51,000 | €51,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €48,271 | €89,963 | +€41,692 | +86.4% |
| Current portion of amounts payable after more than one year | 42 | €7,785 | €0 | -€7,785 | -100.0% |
| Trade debts | 44 | €5,833 | €23,181 | +€17,348 | +297.4% |
| Suppliers | 440/4 | €5,833 | €23,181 | +€17,348 | +297.4% |
| Taxes, remuneration and social security | 45 | €3,253 | €9,480 | +€6,227 | +191.5% |
| Taxes | 450/3 | €1,003 | €7,230 | +€6,227 | +621.1% |
| Remuneration and social security | 454/9 | €2,250 | €2,250 | = | 0.0% |
| Other amounts payable | 47/48 | €31,401 | €57,302 | +€25,901 | +82.5% |
| Accrued charges and deferred income | 492/3 | €11,815 | €11,826 | +€12 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,952 | €21,667 | -€4,286 | -16.5% |
| Other operating charges | 640/8 | €851 | €831 | -€21 | -2.4% |
| Gross operating margin | 9900 | -€31,038 | €20,637 | +€51,675 | |
| Operating profit (loss) | 9901 | -€57,842 | -€1,860 | +€55,982 | +96.8% |
| Financial income | 75/76B | €47 | €28 | -€19 | -40.0% |
| Recurring financial income | 75 | €47 | €28 | -€19 | -40.0% |
| Financial charges | 65/66B | €1,213 | €508 | -€705 | -58.1% |
| Recurring financial charges | 65 | €1,213 | €508 | -€705 | -58.1% |
| Profit (loss) for the period before taxes | 9903 | -€59,009 | -€2,341 | +€56,668 | +96.0% |
| Income taxes | 67/77 | €167 | €143 | -€24 | -14.5% |
| Profit (loss) for the period | 9904 | -€59,176 | -€2,483 | +€56,692 | +95.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€59,176 | -€2,483 | +€56,692 | +95.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.