NICOLAS ORBIE: what changed
NICOLAS ORBIE
Largest movements
- Cash +€286,023
up €286,023 (+104%), from €275,575 to €561,598
mainly Net result for the year (+€437,425) and Other debts (+€325,000)
- Financial fixed assets -€199,362
down €199,362 (-6.6%), from €3.0m to €2.8m
- Tangible fixed assets +€183,763
up €183,763 (+34.2%), from €538,022 to €721,784
of which Land and buildings: +€183,763
- Receivables within one year -€61,508
down €61,508 (-29.3%), from €209,805 to €148,297
of which Other amounts receivable: -€61,508
- Other debts +€325,000
up €325,000 (+433%), from €75,000 to €400,000
- Debts after one year -€288,769
down €288,769 (-100%), from €288,769 to €0
- Reserves +€137,000
up €137,000 (+4.5%), from €3.1m to €3.2m
of which Distributable reserves: +€137,000
- Gross operating margin +€99,247
up €99,247 (+29.1%), from €340,926 to €440,173
- Taxes +€38,074
up €38,074 (+33.7%), from €113,078 to €151,153
- Financial income +€8,782
up €8,782 (+5.4%), from €162,069 to €170,851
- Financial charges -€7,472
down €7,472 (-99.3%), from €7,523 to €51
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 | €4,222,592 | €4,431,549 | +€208,956 | +4.9% |
| Fixed assets | 21/28 | €3,536,522 | €3,520,923 | -€15,599 | -0.4% |
| Tangible fixed assets | 22/27 | €538,022 | €721,784 | +€183,763 | +34.2% |
| Land and buildings | 22 | €538,022 | €721,784 | +€183,763 | +34.2% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €2,998,500 | €2,799,138 | -€199,362 | -6.6% |
| Current assets | 29/58 | €686,071 | €910,626 | +€224,555 | +32.7% |
| Amounts receivable within one year | 40/41 | €209,805 | €148,297 | -€61,508 | -29.3% |
| Trade receivables | 40 | €2,919 | €2,919 | = | 0.0% |
| Other amounts receivable | 41 | €206,886 | €145,378 | -€61,508 | -29.7% |
| Current investments | 50/53 | €199,718 | €199,718 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €275,575 | €561,598 | +€286,023 | +104% |
| Deferred charges and accrued income | 490/1 | €973 | €1,013 | +€40 | +4.1% |
| Total equity and liabilities | 10/49 | €4,222,592 | €4,431,549 | +€208,956 | +4.9% |
| Equity | 10/15 | €3,829,610 | €3,967,035 | +€137,425 | +3.6% |
| Contributions | 10/11 | €762,400 | €762,400 | = | 0.0% |
| Reserves | 13 | €3,067,000 | €3,204,000 | +€137,000 | +4.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €3,067,000 | €3,204,000 | +€137,000 | +4.5% |
| Profit (loss) carried forward | 14 | €210 | €635 | +€425 | +203% |
| Amounts payable | 17/49 | €392,983 | €464,514 | +€71,531 | +18.2% |
| Amounts payable after more than one year | 17 | €288,769 | €0 | -€288,769 | -100% |
| Financial debts | 170/4 | €288,769 | €0 | -€288,769 | -100% |
| Amounts payable within one year | 42/48 | €99,741 | €464,514 | +€364,773 | +366% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €1,886 | €2,426 | +€540 | +28.7% |
| Suppliers | 440/4 | €1,886 | €2,426 | +€540 | +28.7% |
| Taxes, remuneration and social security | 45 | €22,855 | €62,088 | +€39,233 | +172% |
| Taxes | 450/3 | €22,855 | €62,088 | +€39,233 | +172% |
| Other amounts payable | 47/48 | €75,000 | €400,000 | +€325,000 | +433% |
| Accrued charges and deferred income | 492/3 | €4,473 | €0 | -€4,473 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,717 | €15,599 | +€2,881 | +22.7% |
| Other operating charges | 640/8 | €8,754 | €6,797 | -€1,958 | -22.4% |
| Gross operating margin | 9900 | €340,926 | €440,173 | +€99,247 | +29.1% |
| Operating profit (loss) | 9901 | €319,454 | €417,777 | +€98,323 | +30.8% |
| Financial income | 75/76B | €162,069 | €170,851 | +€8,782 | +5.4% |
| Recurring financial income | 75 | €162,069 | €170,851 | +€8,782 | +5.4% |
| Financial charges | 65/66B | €7,523 | €51 | -€7,472 | -99.3% |
| Recurring financial charges | 65 | €7,523 | €51 | -€7,472 | -99.3% |
| Profit (loss) for the period before taxes | 9903 | €474,000 | €588,578 | +€114,578 | +24.2% |
| Income taxes | 67/77 | €113,078 | €151,153 | +€38,074 | +33.7% |
| Profit (loss) for the period | 9904 | €360,922 | €437,425 | +€76,504 | +21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €360,922 | €437,425 | +€76,504 | +21.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.