L'ORANGE NOIRE: what changed
What changed
L'ORANGE NOIRE
NACE 73.110, Advertising agencies
filed annual accounts (NBB)
Net result for the year
€4,838
2024 · -€14,574+€19,412
Equity
€97,474
2024 · €92,558+€4,916
Cash
€42,744
2024 · €31,786+€10,958
Balance sheet total
€702,745
2024 · €705,364-€2,620
Largest movements
Assets
- Receivables within one year -€15,987
down €15,987 (-6.8%), from €234,407 to €218,419
of which Other amounts receivable: -€42,407
- Cash +€10,958
up €10,958 (+34.5%), from €31,786 to €42,744
mainly Trade debts (+€58,313) and Depreciation (+€49,610)
Equity and liabilities
- Tax, wage and social debts -€82,439
down €82,439 (-42.1%), from €195,993 to €113,554
of which Taxes: -€45,002
- Trade debts +€58,313
up €58,313 (+64.8%), from €89,982 to €148,295
- Debts after one year +€35,310
up €35,310 (+17.0%), from €207,544 to €242,854
- Accrued charges and deferred income -€12,382
down €12,382 (-100%), from €12,382 to €0
- Current portion of long-term debt -€9,049
down €9,049 (-15.1%), from €59,973 to €50,924
Income statement
- Staff costs -€16,123
down €16,123 (-5.3%), from €302,486 to €286,363
- Other operating charges -€5,278
down €5,278 (-34.9%), from €15,139 to €9,861
- Taxes +€3,819
up €3,819 (+94.3%), from €4,050 to €7,869
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.
Result 2024
-€14,574
Gross operating margin
+€2,868
Staff costs
+€16,123
Depreciation
-€1,026
Other operating charges
+€5,278
Financial income
+€279
Financial charges
-€292
Taxes
-€3,819
Result 2025
€4,838
raises the resultlowers the result
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.
From operations
+€28,912
Investment
-€44,811
Financing
+€26,858
Cash 2024
€31,786
From operations (derived)
+€28,912
Net result for the year
+€4,838
Depreciation
+€49,610
Stocks and contracts
-€3,078
Receivables within one year
+€15,987
Deferred charges and accrued income
-€4,130
Trade debts
+€58,313
Tax, wage and social debts
-€82,439
Advances received
+€2,193
Accrued charges and deferred income
-€12,382
Investment (derived)
-€44,811
Investment in fixed assets (net)
-€44,811
Financing
+€26,858
Debts after one year
+€35,310
Current portion of long-term debt
-€9,049
Short-term financial debts
+€518
Contributions, distributions and other
+€78
Cash 2025
€42,744
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €705,364 | €702,745 | -€2,620 | -0.4% |
| Fixed assets | 21/28 | €253,024 | €248,225 | -€4,799 | -1.9% |
| Tangible fixed assets | 22/27 | €248,373 | €243,574 | -€4,799 | -1.9% |
| Land and buildings | 22 | €187,796 | €193,953 | +€6,157 | +3.3% |
| Plant, machinery and equipment | 23 | €18,622 | €13,035 | -€5,587 | -30.0% |
| Furniture and vehicles | 24 | €41,954 | €36,586 | -€5,369 | -12.8% |
| Financial fixed assets | 28 | €4,651 | €4,651 | = | 0.0% |
| Current assets | 29/58 | €452,341 | €454,520 | +€2,179 | +0.5% |
| Amounts receivable after more than one year | 29 | €80,000 | €80,000 | = | 0.0% |
| Other amounts receivable | 291 | €80,000 | €80,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €79,268 | €82,346 | +€3,078 | +3.9% |
| Stocks | 30/36 | €79,268 | €82,346 | +€3,078 | +3.9% |
| Amounts receivable within one year | 40/41 | €234,407 | €218,419 | -€15,987 | -6.8% |
| Trade receivables | 40 | €166,234 | €192,653 | +€26,419 | +15.9% |
| Other amounts receivable | 41 | €68,173 | €25,766 | -€42,407 | -62.2% |
| Cash at bank and in hand | 54/58 | €31,786 | €42,744 | +€10,958 | +34.5% |
| Deferred charges and accrued income | 490/1 | €26,880 | €31,010 | +€4,130 | +15.4% |
| Total equity and liabilities | 10/49 | €705,364 | €702,745 | -€2,620 | -0.4% |
| Equity | 10/15 | €92,558 | €97,474 | +€4,916 | +5.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Revaluation surpluses | 12 | €107,343 | €107,343 | = | 0.0% |
| Reserves | 13 | €73,427 | €73,427 | = | 0.0% |
| 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 | €71,567 | €71,567 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€94,412 | -€89,496 | +€4,916 | +5.2% |
| Amounts payable | 17/49 | €612,806 | €605,270 | -€7,536 | -1.2% |
| Amounts payable after more than one year | 17 | €207,544 | €242,854 | +€35,310 | +17.0% |
| Financial debts | 170/4 | €207,544 | €242,854 | +€35,310 | +17.0% |
| Amounts payable within one year | 42/48 | €392,880 | €362,416 | -€30,464 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €59,973 | €50,924 | -€9,049 | -15.1% |
| Financial debts | 43 | €46,933 | €47,451 | +€518 | +1.1% |
| Credit institutions | 430/8 | €46,933 | €47,451 | +€518 | +1.1% |
| Trade debts | 44 | €89,982 | €148,295 | +€58,313 | +64.8% |
| Suppliers | 440/4 | €89,982 | €148,295 | +€58,313 | +64.8% |
| Advances received on contracts in progress | 46 | - | €2,193 | +€2,193 | |
| Taxes, remuneration and social security | 45 | €195,993 | €113,554 | -€82,439 | -42.1% |
| Taxes | 450/3 | €100,911 | €55,908 | -€45,002 | -44.6% |
| Remuneration and social security | 454/9 | €95,082 | €57,645 | -€37,437 | -39.4% |
| Accrued charges and deferred income | 492/3 | €12,382 | €0 | -€12,382 | -100% |
| Non-recurring operating income | 76A | €8,760 | €0 | -€8,760 | -100% |
| Remuneration, social security and pensions | 62 | €302,486 | €286,363 | -€16,123 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,584 | €49,610 | +€1,026 | +2.1% |
| Other operating charges | 640/8 | €15,139 | €9,861 | -€5,278 | -34.9% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €374,383 | €377,251 | +€2,868 | +0.8% |
| Operating profit (loss) | 9901 | €8,173 | €31,417 | +€23,244 | +284% |
| Financial income | 75/76B | €2,885 | €3,164 | +€279 | +9.7% |
| Recurring financial income | 75 | €2,885 | €3,164 | +€279 | +9.7% |
| Financial charges | 65/66B | €21,582 | €21,874 | +€292 | +1.4% |
| Recurring financial charges | 65 | €21,582 | €21,874 | +€292 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | -€10,524 | €12,707 | +€23,231 | |
| Income taxes | 67/77 | €4,050 | €7,869 | +€3,819 | +94.3% |
| Profit (loss) for the period | 9904 | -€14,574 | €4,838 | +€19,412 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,574 | €4,838 | +€19,412 |
Next steps
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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.