ARCTIC LION: 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.
ARCTIC LION
Largest movements
- Cash -€40,593
down €40,593 (-50.2%), from €80,890 to €40,297
mainly Contributions, distributions and other (-€110,000) and Tax, wage and social debts (-€30,692)
- Receivables within one year +€17,871
up €17,871 (+53.1%), from €33,670 to €51,541
of which Other amounts receivable: +€18,541
- Tangible fixed assets -€8,738
down €8,738 (-27.6%), from €31,692 to €22,954
of which Furniture and vehicles: -€14,622
- Other debts +€97,250
new in 2025: €97,250
- Profit (loss) carried forward -€82,327
down €82,327 (-94.5%), from €87,104 to €4,776
- Tax, wage and social debts -€30,692
down €30,692 (-71.7%), from €42,801 to €12,109
of which Taxes: -€23,692
- Current portion of long-term debt -€12,379
no longer reported in 2025 (was €12,379)
- Trade debts -€3,660
down €3,660 (-98.2%), from €3,728 to €68
- Gross operating margin +€12,574
up €12,574 (+31.0%), from €40,616 to €53,191
- Depreciation -€8,404
down €8,404 (-30.0%), from €28,027 to €19,623
- Taxes -€3,347
down €3,347 (-57.9%), from €5,785 to €2,437
- Financial income +€1,269
up €1,269 (+28,252%), from €4 to €1,273
- Financial charges +€982
up €982 (+40.5%), from €2,421 to €3,403
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 | €148,012 | €116,203 | -€31,809 | -21.5% |
| Fixed assets | 21/28 | €31,692 | €22,954 | -€8,738 | -27.6% |
| Tangible fixed assets | 22/27 | €31,692 | €22,954 | -€8,738 | -27.6% |
| Plant, machinery and equipment | 23 | €12,105 | €17,989 | +€5,884 | +48.6% |
| Furniture and vehicles | 24 | €19,587 | €4,965 | -€14,622 | -74.7% |
| Current assets | 29/58 | €116,320 | €93,249 | -€23,071 | -19.8% |
| Amounts receivable within one year | 40/41 | €33,670 | €51,541 | +€17,871 | +53.1% |
| Trade receivables | 40 | €19,745 | €19,074 | -€670 | -3.4% |
| Other amounts receivable | 41 | €13,925 | €32,466 | +€18,541 | +133% |
| Cash at bank and in hand | 54/58 | €80,890 | €40,297 | -€40,593 | -50.2% |
| Deferred charges and accrued income | 490/1 | €1,760 | €1,412 | -€348 | -19.8% |
| Total equity and liabilities | 10/49 | €148,012 | €116,203 | -€31,809 | -21.5% |
| Equity | 10/15 | €89,104 | €6,776 | -€82,327 | -92.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,104 | €4,776 | -€82,327 | -94.5% |
| Amounts payable | 17/49 | €58,908 | €109,427 | +€50,519 | +85.8% |
| Amounts payable within one year | 42/48 | €58,908 | €109,427 | +€50,519 | +85.8% |
| Current portion of amounts payable after more than one year | 42 | €12,379 | - | -€12,379 | |
| Trade debts | 44 | €3,728 | €68 | -€3,660 | -98.2% |
| Suppliers | 440/4 | €3,728 | €68 | -€3,660 | -98.2% |
| Taxes, remuneration and social security | 45 | €42,801 | €12,109 | -€30,692 | -71.7% |
| Taxes | 450/3 | €35,801 | €12,109 | -€23,692 | -66.2% |
| Remuneration and social security | 454/9 | €7,000 | - | -€7,000 | |
| Other amounts payable | 47/48 | - | €97,250 | +€97,250 | |
| Remuneration, social security and pensions | 62 | €601 | €262 | -€339 | -56.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,027 | €19,623 | -€8,404 | -30.0% |
| Other operating charges | 640/8 | €1,063 | €1,066 | +€3 | +0.3% |
| Gross operating margin | 9900 | €40,616 | €53,191 | +€12,574 | +31.0% |
| Operating profit (loss) | 9901 | €10,925 | €32,240 | +€21,315 | +195% |
| Financial income | 75/76B | €4 | €1,273 | +€1,269 | +28,252% |
| Recurring financial income | 75 | €4 | €1,273 | +€1,269 | +28,252% |
| Financial charges | 65/66B | €2,421 | €3,403 | +€982 | +40.5% |
| Recurring financial charges | 65 | €2,421 | €3,403 | +€982 | +40.5% |
| Profit (loss) for the period before taxes | 9903 | €8,509 | €30,110 | +€21,602 | +254% |
| Income taxes | 67/77 | €5,785 | €2,437 | -€3,347 | -57.9% |
| Profit (loss) for the period | 9904 | €2,724 | €27,673 | +€24,949 | +916% |
| Profit (loss) for the period to be appropriated | 9905 | €2,724 | €27,673 | +€24,949 | +916% |
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 29 October 2026 via checked.be.