ARCTIC: 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.
ARCTIC
Largest movements
- Cash -€13,347
down €13,347 (-15.4%), from €86,606 to €73,259
mainly Tax, wage and social debts (-€14,137) and Receivables within one year (-€6,285)
- Receivables within one year +€6,285
up €6,285 (+40.5%), from €15,503 to €21,788
of which Other amounts receivable: +€4,001
- Deferred charges and accrued income +€2,225
new in 2025: €2,225
- Tax, wage and social debts -€14,137
down €14,137 (-76.0%), from €18,595 to €4,458
of which Taxes: -€11,076
- Reserves +€9,000
up €9,000 (+10.8%), from €83,300 to €92,300
- Gross operating margin -€31,959
down €31,959 (-66.6%), from €47,981 to €16,022
- Taxes -€8,183
down €8,183 (-65.1%), from €12,573 to €4,389
- Financial income +€1,130
new in 2025: €1,130
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 | €105,008 | €100,030 | -€4,978 | -4.7% |
| Fixed assets | 21/28 | €2,900 | €2,759 | -€141 | -4.8% |
| Tangible fixed assets | 22/27 | €2,900 | €2,759 | -€141 | -4.8% |
| Plant, machinery and equipment | 23 | €2,530 | €2,242 | -€288 | -11.4% |
| Furniture and vehicles | 24 | €370 | €517 | +€147 | +39.8% |
| Current assets | 29/58 | €102,109 | €97,271 | -€4,837 | -4.7% |
| Amounts receivable within one year | 40/41 | €15,503 | €21,788 | +€6,285 | +40.5% |
| Trade receivables | 40 | €15,503 | €17,787 | +€2,284 | +14.7% |
| Other amounts receivable | 41 | - | €4,001 | +€4,001 | |
| Cash at bank and in hand | 54/58 | €86,606 | €73,259 | -€13,347 | -15.4% |
| Deferred charges and accrued income | 490/1 | - | €2,225 | +€2,225 | |
| Total equity and liabilities | 10/49 | €105,008 | €100,030 | -€4,978 | -4.7% |
| Equity | 10/15 | €86,319 | €95,573 | +€9,254 | +10.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €83,300 | €92,300 | +€9,000 | +10.8% |
| Distributable reserves | 133 | €83,300 | €92,300 | +€9,000 | +10.8% |
| Profit (loss) carried forward | 14 | €19 | €273 | +€254 | +1365.1% |
| Amounts payable | 17/49 | €18,690 | €4,458 | -€14,232 | -76.1% |
| Amounts payable within one year | 42/48 | €18,690 | €4,458 | -€14,232 | -76.1% |
| Trade debts | 44 | €95 | - | -€95 | |
| Suppliers | 440/4 | €95 | - | -€95 | |
| Taxes, remuneration and social security | 45 | €18,595 | €4,458 | -€14,137 | -76.0% |
| Taxes | 450/3 | €15,534 | €4,458 | -€11,076 | -71.3% |
| Remuneration and social security | 454/9 | €3,061 | - | -€3,061 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €965 | €1,164 | +€198 | +20.6% |
| Other operating charges | 640/8 | €109 | €505 | +€396 | +363.6% |
| Gross operating margin | 9900 | €47,981 | €16,022 | -€31,959 | -66.6% |
| Operating profit (loss) | 9901 | €46,907 | €14,353 | -€32,554 | -69.4% |
| Financial income | 75/76B | - | €1,130 | +€1,130 | |
| Recurring financial income | 75 | - | €1,130 | +€1,130 | |
| Financial charges | 65/66B | €1,522 | €1,839 | +€317 | +20.8% |
| Recurring financial charges | 65 | €1,522 | €1,839 | +€317 | +20.8% |
| Profit (loss) for the period before taxes | 9903 | €45,385 | €13,643 | -€31,741 | -69.9% |
| Income taxes | 67/77 | €12,573 | €4,389 | -€8,183 | -65.1% |
| Profit (loss) for the period | 9904 | €32,812 | €9,254 | -€23,558 | -71.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,812 | €9,254 | -€23,558 | -71.8% |
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 6 October 2026 via checked.be.