Into The Arctic: what changed
Into The Arctic
Largest movements
- Cash +€86,768
up €86,768 (+17.9%), from €484,571 to €571,339
mainly Advances received (+€114,622) and Net result for the year (+€63,717)
- Deferred charges and accrued income +€9,877
up €9,877 (+7.5%), from €132,367 to €142,245
- Advances received +€114,622
up €114,622 (+30.5%), from €376,295 to €490,917
- Accrued charges and deferred income -€20,546
down €20,546 (-71.0%), from €28,920 to €8,374
- Profit (loss) carried forward +€15,717
up €15,717 (+10.5%), from €149,024 to €164,741
- Tax, wage and social debts -€13,469
down €13,469 (-46.9%), from €28,700 to €15,231
of which Remuneration and social security: -€6,777
- Trade debts +€8,307
up €8,307 (+59.0%), from €14,068 to €22,375
- Gross operating margin -€17,487
down €17,487 (-12.0%), from €145,898 to €128,411
- Staff costs +€3,552
up €3,552 (+11.7%), from €30,401 to €33,953
- Taxes -€3,240
down €3,240 (-15.9%), from €20,431 to €17,191
- Financial income +€2,741
up €2,741 (+1,066%), from €257 to €2,998
- Financial charges -€2,494
down €2,494 (-73.8%), from €3,381 to €886
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €652,242 | €748,832 | +€96,590 | +14.8% |
| Fixed assets | 21/28 | €26,880 | €28,881 | +€2,001 | +7.4% |
| Tangible fixed assets | 22/27 | €26,880 | €28,881 | +€2,001 | +7.4% |
| Plant, machinery and equipment | 23 | €18,910 | €22,185 | +€3,275 | +17.3% |
| Furniture and vehicles | 24 | €7,970 | €6,696 | -€1,274 | -16.0% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €625,362 | €719,951 | +€94,589 | +15.1% |
| Amounts receivable within one year | 40/41 | €8,424 | €6,367 | -€2,056 | -24.4% |
| Trade receivables | 40 | €5,606 | €3,826 | -€1,780 | -31.7% |
| Other amounts receivable | 41 | €2,817 | €2,541 | -€277 | -9.8% |
| Cash at bank and in hand | 54/58 | €484,571 | €571,339 | +€86,768 | +17.9% |
| Deferred charges and accrued income | 490/1 | €132,367 | €142,245 | +€9,877 | +7.5% |
| Total equity and liabilities | 10/49 | €652,242 | €748,832 | +€96,590 | +14.8% |
| Equity | 10/15 | €174,024 | €189,741 | +€15,717 | +9.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,024 | €164,741 | +€15,717 | +10.5% |
| Amounts payable | 17/49 | €478,218 | €559,091 | +€80,873 | +16.9% |
| Amounts payable within one year | 42/48 | €449,298 | €550,717 | +€101,419 | +22.6% |
| Trade debts | 44 | €14,068 | €22,375 | +€8,307 | +59.0% |
| Suppliers | 440/4 | €14,068 | €22,375 | +€8,307 | +59.0% |
| Advances received on contracts in progress | 46 | €376,295 | €490,917 | +€114,622 | +30.5% |
| Taxes, remuneration and social security | 45 | €28,700 | €15,231 | -€13,469 | -46.9% |
| Taxes | 450/3 | €9,511 | €2,819 | -€6,692 | -70.4% |
| Remuneration and social security | 454/9 | €19,189 | €12,412 | -€6,777 | -35.3% |
| Other amounts payable | 47/48 | €30,234 | €22,194 | -€8,040 | -26.6% |
| Accrued charges and deferred income | 492/3 | €28,920 | €8,374 | -€20,546 | -71.0% |
| Remuneration, social security and pensions | 62 | €30,401 | €33,953 | +€3,552 | +11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,711 | €14,400 | -€311 | -2.1% |
| Other operating charges | 640/8 | €996 | €1,261 | +€266 | +26.7% |
| Gross operating margin | 9900 | €145,898 | €128,411 | -€17,487 | -12.0% |
| Operating profit (loss) | 9901 | €99,791 | €78,797 | -€20,994 | -21.0% |
| Financial income | 75/76B | €257 | €2,998 | +€2,741 | +1,066% |
| Recurring financial income | 75 | €257 | €2,998 | +€2,741 | +1,066% |
| Financial charges | 65/66B | €3,381 | €886 | -€2,494 | -73.8% |
| Recurring financial charges | 65 | €3,381 | €886 | -€2,494 | -73.8% |
| Profit (loss) for the period before taxes | 9903 | €96,667 | €80,908 | -€15,759 | -16.3% |
| Income taxes | 67/77 | €20,431 | €17,191 | -€3,240 | -15.9% |
| Profit (loss) for the period | 9904 | €76,236 | €63,717 | -€12,519 | -16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €76,236 | €63,717 | -€12,519 | -16.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.