Eric Orban: 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.
Eric Orban
Largest movements
- Tangible fixed assets -€10,528
down €10,528 (-2.9%), from €361,796 to €351,268
of which Land and buildings: -€10,402
- Profit (loss) carried forward -€10,406
down €10,406 (-5.2%), from €199,198 to €188,793
- Trade debts -€7,282
down €7,282 (-89.4%), from €8,141 to €859
- Gross operating margin +€47,098
up €47,098, from -€42,904 to €4,195
- Depreciation -€3,032
down €3,032 (-22.4%), from €13,560 to €10,528
- Other operating charges +€1,326
up €1,326 (+73.8%), from €1,796 to €3,122
- Financial income -€1,074
down €1,074 (-100.0%), from €1,074 to €0
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 | €373,492 | €360,843 | -€12,649 | -3.4% |
| Fixed assets | 21/28 | €363,046 | €352,518 | -€10,528 | -2.9% |
| Tangible fixed assets | 22/27 | €361,796 | €351,268 | -€10,528 | -2.9% |
| Land and buildings | 22 | €361,670 | €351,268 | -€10,402 | -2.9% |
| Furniture and vehicles | 24 | €126 | - | -€126 | |
| Financial fixed assets | 28 | €1,250 | €1,250 | = | 0.0% |
| Current assets | 29/58 | €10,446 | €8,325 | -€2,121 | -20.3% |
| Amounts receivable within one year | 40/41 | €5,519 | €3,539 | -€1,980 | -35.9% |
| Trade receivables | 40 | €3,374 | €3,374 | = | 0.0% |
| Other amounts receivable | 41 | €2,145 | €165 | -€1,980 | -92.3% |
| Cash at bank and in hand | 54/58 | €3,483 | €3,268 | -€215 | -6.2% |
| Deferred charges and accrued income | 490/1 | €1,444 | €1,518 | +€74 | +5.1% |
| Total equity and liabilities | 10/49 | €373,492 | €360,843 | -€12,649 | -3.4% |
| Equity | 10/15 | €219,658 | €209,253 | -€10,406 | -4.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €199,198 | €188,793 | -€10,406 | -5.2% |
| Amounts payable | 17/49 | €153,834 | €151,591 | -€2,243 | -1.5% |
| Amounts payable after more than one year | 17 | €1,400 | €1,400 | = | 0.0% |
| Other amounts payable | 178/9 | €1,400 | €1,400 | = | 0.0% |
| Amounts payable within one year | 42/48 | €152,434 | €150,191 | -€2,243 | -1.5% |
| Financial debts | 43 | €94 | €2,172 | +€2,078 | +2210.9% |
| Credit institutions | 430/8 | €94 | €140 | +€46 | +48.9% |
| Other loans | 439 | - | €2,032 | +€2,032 | |
| Trade debts | 44 | €8,141 | €859 | -€7,282 | -89.4% |
| Suppliers | 440/4 | €8,141 | €859 | -€7,282 | -89.4% |
| Taxes, remuneration and social security | 45 | €3,374 | €3,403 | +€29 | +0.9% |
| Taxes | 450/3 | €1,262 | €3,403 | +€2,141 | +169.6% |
| Remuneration and social security | 454/9 | €2,112 | - | -€2,112 | |
| Other amounts payable | 47/48 | €140,825 | €143,756 | +€2,931 | +2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,560 | €10,528 | -€3,032 | -22.4% |
| Other operating charges | 640/8 | €1,796 | €3,122 | +€1,326 | +73.8% |
| Gross operating margin | 9900 | -€42,904 | €4,195 | +€47,098 | |
| Operating profit (loss) | 9901 | -€58,260 | -€9,455 | +€48,805 | +83.8% |
| Financial income | 75/76B | €1,074 | €0 | -€1,074 | -100.0% |
| Recurring financial income | 75 | €1,074 | €0 | -€1,074 | -100.0% |
| Financial charges | 65/66B | €290 | €541 | +€251 | +86.7% |
| Recurring financial charges | 65 | €290 | €541 | +€251 | +86.7% |
| Profit (loss) for the period before taxes | 9903 | -€57,476 | -€9,996 | +€47,480 | +82.6% |
| Income taxes | 67/77 | €441 | €410 | -€31 | -7.1% |
| Profit (loss) for the period | 9904 | -€57,917 | -€10,406 | +€47,511 | +82.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€57,917 | -€10,406 | +€47,511 | +82.0% |
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 7 October 2026 via checked.be.