ARCTIC SILVER PROJECT MANAGEMENT: 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 SILVER PROJECT MANAGEMENT
Largest movements
- Deferred charges and accrued income +€19,803
new in 2025: €19,803
- Receivables within one year -€18,954
down €18,954 (-82.9%), from €22,853 to €3,899
of which Other amounts receivable: -€13,029
- Receivables after one year +€5,615
up €5,615 (+8.4%), from €67,056 to €72,671
- Cash +€2,901
up €2,901 (+1,002%), from €289 to €3,190
mainly Trade debts (+€21,624) and Receivables within one year (+€18,954)
- Trade debts +€21,624
up €21,624 (+180%), from €12,009 to €33,633
- Profit (loss) carried forward -€8,692
down €8,692 (-94.3%), from -€9,216 to -€17,908
- Tax, wage and social debts -€3,339
down €3,339 (-54.1%), from €6,174 to €2,836
of which Remuneration and social security: -€3,625
- Gross operating margin -€15,121
down €15,121, from €11,827 to -€3,294
- Financial charges +€1,805
up €1,805 (+133%), from €1,356 to €3,161
- Financial income +€1,619
up €1,619 (+138%), from €1,170 to €2,789
- Taxes -€1,584
down €1,584 (-89.7%), from €1,767 to €182
- Other operating charges -€1,290
down €1,290 (-65.4%), from €1,974 to €684
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 | €114,155 | €123,117 | +€8,962 | +7.9% |
| Fixed assets | 21/28 | €13,965 | €13,563 | -€402 | -2.9% |
| Tangible fixed assets | 22/27 | €7,441 | €7,039 | -€402 | -5.4% |
| Plant, machinery and equipment | 23 | €6,295 | €3,159 | -€3,135 | -49.8% |
| Furniture and vehicles | 24 | €61 | €3,337 | +€3,276 | +5,360% |
| Other tangible fixed assets | 26 | €1,085 | €543 | -€543 | -50.0% |
| Financial fixed assets | 28 | €6,525 | €6,525 | = | 0.0% |
| Current assets | 29/58 | €100,189 | €109,554 | +€9,364 | +9.3% |
| Amounts receivable after more than one year | 29 | €67,056 | €72,671 | +€5,615 | +8.4% |
| Other amounts receivable | 291 | €67,056 | €72,671 | +€5,615 | +8.4% |
| Stocks and contracts in progress | 3 | €9,991 | €9,991 | = | 0.0% |
| Stocks | 30/36 | €9,991 | €9,991 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €22,853 | €3,899 | -€18,954 | -82.9% |
| Trade receivables | 40 | €5,925 | €0 | -€5,925 | -100% |
| Other amounts receivable | 41 | €16,928 | €3,899 | -€13,029 | -77.0% |
| Cash at bank and in hand | 54/58 | €289 | €3,190 | +€2,901 | +1,002% |
| Deferred charges and accrued income | 490/1 | - | €19,803 | +€19,803 | |
| Total equity and liabilities | 10/49 | €114,155 | €123,117 | +€8,962 | +7.9% |
| Equity | 10/15 | €5,141 | -€3,552 | -€8,692 | |
| Contributions | 10/11 | €12,497 | €12,497 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,216 | -€17,908 | -€8,692 | -94.3% |
| Provisions and deferred taxes | 16 | €90,000 | €90,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €90,000 | €90,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €90,000 | €90,000 | = | 0.0% |
| Amounts payable | 17/49 | €19,014 | €36,669 | +€17,655 | +92.8% |
| Amounts payable within one year | 42/48 | €18,184 | €36,469 | +€18,285 | +101% |
| Trade debts | 44 | €12,009 | €33,633 | +€21,624 | +180% |
| Suppliers | 440/4 | €12,009 | €33,633 | +€21,624 | +180% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €6,174 | €2,836 | -€3,339 | -54.1% |
| Taxes | 450/3 | €2,549 | €2,836 | +€286 | +11.2% |
| Remuneration and social security | 454/9 | €3,625 | €0 | -€3,625 | -100% |
| Accrued charges and deferred income | 492/3 | €831 | €200 | -€631 | -75.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,890 | €4,160 | +€270 | +6.9% |
| Other operating charges | 640/8 | €1,974 | €684 | -€1,290 | -65.4% |
| Non-recurring operating charges | 66A | €1,050 | €0 | -€1,050 | -100% |
| Gross operating margin | 9900 | €11,827 | -€3,294 | -€15,121 | |
| Operating profit (loss) | 9901 | €4,914 | -€8,138 | -€13,051 | |
| Financial income | 75/76B | €1,170 | €2,789 | +€1,619 | +138% |
| Recurring financial income | 75 | €1,170 | €2,789 | +€1,619 | +138% |
| Financial charges | 65/66B | €1,356 | €3,161 | +€1,805 | +133% |
| Recurring financial charges | 65 | €1,356 | €3,161 | +€1,805 | +133% |
| Profit (loss) for the period before taxes | 9903 | €4,728 | -€8,510 | -€13,238 | |
| Income taxes | 67/77 | €1,767 | €182 | -€1,584 | -89.7% |
| Profit (loss) for the period | 9904 | €2,961 | -€8,692 | -€11,654 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,961 | -€8,692 | -€11,654 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.