ARCTURUS: 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.
ARCTURUS
Largest movements
- Cash -€37,492
down €37,492 (-85.5%), from €43,847 to €6,355
mainly Net result for the year (-€73,667) and Deferred charges and accrued income (-€1,164)
- Tangible fixed assets -€29,135
down €29,135 (-18.0%), from €162,119 to €132,985
of which Land and buildings: -€26,751
- Receivables within one year -€7,015
down €7,015 (-38.9%), from €18,015 to €11,000
- Profit (loss) carried forward -€73,667
down €73,667 (-115.8%), from -€63,598 to -€137,266
- Gross operating margin -€31,688
down €31,688 (-261.3%), from -€12,126 to -€43,814
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 | €223,982 | €151,503 | -€72,478 | -32.4% |
| Fixed assets | 21/28 | €162,119 | €132,985 | -€29,135 | -18.0% |
| Tangible fixed assets | 22/27 | €162,119 | €132,985 | -€29,135 | -18.0% |
| Land and buildings | 22 | €159,633 | €132,882 | -€26,751 | -16.8% |
| Plant, machinery and equipment | 23 | €686 | €102 | -€584 | -85.1% |
| Other tangible fixed assets | 26 | €1,800 | - | -€1,800 | |
| Current assets | 29/58 | €61,862 | €18,518 | -€43,344 | -70.1% |
| Amounts receivable within one year | 40/41 | €18,015 | €11,000 | -€7,015 | -38.9% |
| Other amounts receivable | 41 | €18,015 | €11,000 | -€7,015 | -38.9% |
| Cash at bank and in hand | 54/58 | €43,847 | €6,355 | -€37,492 | -85.5% |
| Deferred charges and accrued income | 490/1 | - | €1,164 | +€1,164 | |
| Total equity and liabilities | 10/49 | €223,982 | €151,503 | -€72,478 | -32.4% |
| Equity | 10/15 | €215,602 | €141,935 | -€73,667 | -34.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €217,200 | €217,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €211,000 | €211,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€63,598 | -€137,266 | -€73,667 | -115.8% |
| Amounts payable | 17/49 | €8,380 | €9,569 | +€1,189 | +14.2% |
| Amounts payable after more than one year | 17 | €7,465 | €7,465 | = | 0.0% |
| Other amounts payable | 178/9 | €7,465 | €7,465 | = | 0.0% |
| Amounts payable within one year | 42/48 | €914 | €2,103 | +€1,189 | +130.0% |
| Trade debts | 44 | - | €2,103 | +€2,103 | |
| Suppliers | 440/4 | - | €2,103 | +€2,103 | |
| Taxes, remuneration and social security | 45 | €914 | - | -€914 | |
| Taxes | 450/3 | €914 | - | -€914 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,309 | €27,294 | -€15 | -0.1% |
| Other operating charges | 640/8 | €2,924 | €2,585 | -€339 | -11.6% |
| Gross operating margin | 9900 | -€12,126 | -€43,814 | -€31,688 | -261.3% |
| Operating profit (loss) | 9901 | -€42,359 | -€73,692 | -€31,334 | -74.0% |
| Financial income | 75/76B | €393 | €228 | -€165 | -42.0% |
| Recurring financial income | 75 | €393 | €228 | -€165 | -42.0% |
| Financial charges | 65/66B | €131 | €203 | +€71 | +54.3% |
| Recurring financial charges | 65 | €131 | €203 | +€71 | +54.3% |
| Profit (loss) for the period before taxes | 9903 | -€42,097 | -€73,667 | -€31,570 | -75.0% |
| Income taxes | 67/77 | €282 | - | -€282 | |
| Profit (loss) for the period | 9904 | -€42,379 | -€73,667 | -€31,288 | -73.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€42,379 | -€73,667 | -€31,288 | -73.8% |
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 4 October 2026 via checked.be.