HOORCENTRUM ORENA: what changed
HOORCENTRUM ORENA
Largest movements
- Receivables within one year +€161,623
up €161,623 (+2,424%), from €6,666 to €168,289
of which Other amounts receivable: +€113,318
- Intangible fixed assets +€94,373
up €94,373 (+107%), from €88,180 to €182,553
- Tangible fixed assets +€75,244
up €75,244 (+78.0%), from €96,503 to €171,747
of which Other tangible fixed assets: +€65,647
- Cash +€67,488
up €67,488 (+96.5%), from €69,956 to €137,444
mainly Debts after one year (+€155,603) and Contributions, distributions and other (+€154,983)
- Deferred charges and accrued income -€45,737
down €45,737 (-53.5%), from €85,464 to €39,727
- Investment grants +€164,983
up €164,983 (+1,430%), from €11,537 to €176,519
- Debts after one year +€155,603
up €155,603 (+130%), from €119,594 to €275,197
- Trade debts +€41,015
up €41,015 (+72.6%), from €56,465 to €97,480
- Current portion of long-term debt +€33,546
up €33,546 (+250%), from €13,406 to €46,952
- Tax, wage and social debts -€31,090
down €31,090 (-54.7%), from €56,799 to €25,709
of which Taxes: -€32,218
- Staff costs +€46,570
up €46,570 (+31.3%), from €148,606 to €195,176
- Depreciation +€24,782
up €24,782 (+78.9%), from €31,402 to €56,184
- Financial income +€20,136
up €20,136 (+317%), from €6,346 to €26,481
- Taxes -€12,481
down €12,481 (-97.2%), from €12,842 to €362
- Gross operating margin -€7,871
down €7,871 (-3.2%), from €247,391 to €239,520
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 | €352,960 | €712,637 | +€359,677 | +102% |
| Fixed assets | 21/28 | €190,874 | €360,491 | +€169,617 | +88.9% |
| Intangible fixed assets | 21 | €88,180 | €182,553 | +€94,373 | +107% |
| Tangible fixed assets | 22/27 | €96,503 | €171,747 | +€75,244 | +78.0% |
| Land and buildings | 22 | €76,527 | €71,809 | -€4,718 | -6.2% |
| Plant, machinery and equipment | 23 | €9,288 | €23,347 | +€14,059 | +151% |
| Furniture and vehicles | 24 | €9,699 | €10,944 | +€1,245 | +12.8% |
| Leasing and similar rights | 25 | €989 | €0 | -€989 | -100% |
| Other tangible fixed assets | 26 | - | €65,647 | +€65,647 | |
| Financial fixed assets | 28 | €6,191 | €6,191 | = | 0.0% |
| Current assets | 29/58 | €162,087 | €352,146 | +€190,059 | +117% |
| Stocks and contracts in progress | 3 | - | €6,685 | +€6,685 | |
| Stocks | 30/36 | - | €6,685 | +€6,685 | |
| Amounts receivable within one year | 40/41 | €6,666 | €168,289 | +€161,623 | +2,424% |
| Trade receivables | 40 | €4,337 | €52,641 | +€48,305 | +1,114% |
| Other amounts receivable | 41 | €2,330 | €115,648 | +€113,318 | +4,864% |
| Cash at bank and in hand | 54/58 | €69,956 | €137,444 | +€67,488 | +96.5% |
| Deferred charges and accrued income | 490/1 | €85,464 | €39,727 | -€45,737 | -53.5% |
| Total equity and liabilities | 10/49 | €352,960 | €712,637 | +€359,677 | +102% |
| Equity | 10/15 | €106,696 | €258,790 | +€152,094 | +143% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €76,560 | €63,671 | -€12,888 | -16.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €74,700 | €61,811 | -€12,888 | -17.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Investment grants | 15 | €11,537 | €176,519 | +€164,983 | +1,430% |
| Amounts payable | 17/49 | €246,264 | €453,846 | +€207,582 | +84.3% |
| Amounts payable after more than one year | 17 | €119,594 | €275,197 | +€155,603 | +130% |
| Financial debts | 170/4 | €119,594 | €275,197 | +€155,603 | +130% |
| Amounts payable within one year | 42/48 | €126,670 | €173,758 | +€47,088 | +37.2% |
| Current portion of amounts payable after more than one year | 42 | €13,406 | €46,952 | +€33,546 | +250% |
| Trade debts | 44 | €56,465 | €97,480 | +€41,015 | +72.6% |
| Suppliers | 440/4 | €56,465 | €97,480 | +€41,015 | +72.6% |
| Taxes, remuneration and social security | 45 | €56,799 | €25,709 | -€31,090 | -54.7% |
| Taxes | 450/3 | €37,203 | €4,985 | -€32,218 | -86.6% |
| Remuneration and social security | 454/9 | €19,596 | €20,724 | +€1,128 | +5.8% |
| Other amounts payable | 47/48 | €0 | €3,617 | +€3,617 | |
| Accrued charges and deferred income | 492/3 | - | €4,891 | +€4,891 | |
| Remuneration, social security and pensions | 62 | €148,606 | €195,176 | +€46,570 | +31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,402 | €56,184 | +€24,782 | +78.9% |
| Other operating charges | 640/8 | €799 | €3,977 | +€3,179 | +398% |
| Gross operating margin | 9900 | €247,391 | €239,520 | -€7,871 | -3.2% |
| Operating profit (loss) | 9901 | €66,585 | -€15,817 | -€82,403 | |
| Financial income | 75/76B | €6,346 | €26,481 | +€20,136 | +317% |
| Recurring financial income | 75 | €6,346 | €26,481 | +€20,136 | +317% |
| Financial charges | 65/66B | €8,530 | €13,190 | +€4,660 | +54.6% |
| Recurring financial charges | 65 | €8,530 | €13,190 | +€4,660 | +54.6% |
| Profit (loss) for the period before taxes | 9903 | €64,401 | -€2,526 | -€66,927 | |
| Income taxes | 67/77 | €12,842 | €362 | -€12,481 | -97.2% |
| Profit (loss) for the period | 9904 | €51,558 | -€2,888 | -€54,447 | |
| Profit (loss) for the period to be appropriated | 9905 | €51,558 | -€2,888 | -€54,447 |
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.