ARCTINOVA: 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.
ARCTINOVA
Largest movements
- Cash +€18,904
up €18,904 (+50.3%), from €37,546 to €56,450
mainly Net result for the year (+€25,840) and Depreciation (+€17,880)
- Tangible fixed assets -€17,806
down €17,806 (-24.4%), from €73,056 to €55,249
of which Furniture and vehicles: -€13,323
- Receivables within one year +€7,491
up €7,491 (+43.9%), from €17,061 to €24,552
of which Other amounts receivable: +€9,694
- Reserves +€25,840
up €25,840 (+39.2%), from €65,917 to €91,756
- Current portion of long-term debt -€10,566
down €10,566 (-100.0%), from €10,566 to €0
- Trade debts -€3,045
down €3,045 (-100.0%), from €3,045 to €0
- Tax, wage and social debts -€2,372
down €2,372 (-32.8%), from €7,225 to €4,853
- Gross operating margin -€46,882
down €46,882 (-46.3%), from €101,160 to €54,278
- Taxes -€8,311
down €8,311 (-50.0%), from €16,616 to €8,306
- Depreciation +€2,611
up €2,611 (+17.1%), from €15,269 to €17,880
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 | €127,663 | €136,251 | +€8,588 | +6.7% |
| Fixed assets | 21/28 | €73,056 | €55,249 | -€17,806 | -24.4% |
| Tangible fixed assets | 22/27 | €73,056 | €55,249 | -€17,806 | -24.4% |
| Land and buildings | 22 | €18,341 | €14,470 | -€3,870 | -21.1% |
| Plant, machinery and equipment | 23 | €1,888 | €1,275 | -€613 | -32.5% |
| Furniture and vehicles | 24 | €52,827 | €39,504 | -€13,323 | -25.2% |
| Current assets | 29/58 | €54,607 | €81,002 | +€26,394 | +48.3% |
| Amounts receivable within one year | 40/41 | €17,061 | €24,552 | +€7,491 | +43.9% |
| Trade receivables | 40 | €17,061 | €14,857 | -€2,204 | -12.9% |
| Other amounts receivable | 41 | - | €9,694 | +€9,694 | |
| Cash at bank and in hand | 54/58 | €37,546 | €56,450 | +€18,904 | +50.3% |
| Total equity and liabilities | 10/49 | €127,663 | €136,251 | +€8,588 | +6.7% |
| Equity | 10/15 | €70,917 | €96,756 | +€25,840 | +36.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €65,917 | €91,756 | +€25,840 | +39.2% |
| Distributable reserves | 133 | €65,917 | €91,756 | +€25,840 | +39.2% |
| Amounts payable | 17/49 | €56,746 | €39,494 | -€17,252 | -30.4% |
| Amounts payable after more than one year | 17 | €33,687 | €33,687 | = | 0.0% |
| Financial debts | 170/4 | €33,687 | €33,687 | = | 0.0% |
| Amounts payable within one year | 42/48 | €23,059 | €5,807 | -€17,252 | -74.8% |
| Current portion of amounts payable after more than one year | 42 | €10,566 | €0 | -€10,566 | -100.0% |
| Trade debts | 44 | €3,045 | €0 | -€3,045 | -100.0% |
| Suppliers | 440/4 | €3,045 | €0 | -€3,045 | -100.0% |
| Taxes, remuneration and social security | 45 | €7,225 | €4,853 | -€2,372 | -32.8% |
| Taxes | 450/3 | €7,225 | €4,853 | -€2,372 | -32.8% |
| Other amounts payable | 47/48 | €2,223 | €954 | -€1,269 | -57.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,269 | €17,880 | +€2,611 | +17.1% |
| Other operating charges | 640/8 | €743 | €354 | -€389 | -52.3% |
| Gross operating margin | 9900 | €101,160 | €54,278 | -€46,882 | -46.3% |
| Operating profit (loss) | 9901 | €85,149 | €36,044 | -€49,105 | -57.7% |
| Financial income | 75/76B | - | €37 | +€37 | |
| Recurring financial income | 75 | - | €37 | +€37 | |
| Non-recurring financial income | 76B | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,616 | €1,936 | -€679 | -26.0% |
| Recurring financial charges | 65 | €2,616 | €1,936 | -€679 | -26.0% |
| Profit (loss) for the period before taxes | 9903 | €82,533 | €34,145 | -€48,388 | -58.6% |
| Income taxes | 67/77 | €16,616 | €8,306 | -€8,311 | -50.0% |
| Profit (loss) for the period | 9904 | €65,917 | €25,840 | -€40,077 | -60.8% |
| Profit (loss) for the period to be appropriated | 9905 | €65,917 | €25,840 | -€40,077 | -60.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.