O R A M E G: what changed
Two financial 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.
O R A M E G
Largest movements
- Receivables within one year +€61,997
new in 2025: €61,997
of which Trade receivables: +€46,881
- Tangible fixed assets +€53,507
up €53,507 (+1,145%), from €4,672 to €58,179
of which Plant, machinery and equipment: +€38,383
- Cash -€47,869
down €47,869 (-60.4%), from €79,243 to €31,374
mainly Investment in fixed assets (net) (-€72,093) and Receivables within one year (-€61,997)
- Deferred charges and accrued income +€3,467
new in 2025: €3,467
- Financial fixed assets +€3,074
up €3,074 (+38.2%), from €8,046 to €11,120
- Profit (loss) carried forward -€50,388
down €50,388 (-74.5%), from €67,642 to €17,254
- Trade debts +€48,918
new in 2025: €48,918
- Debts after one year +€48,915
new in 2025: €48,915
- Tax, wage and social debts +€13,978
up €13,978 (+2,853%), from €490 to €14,468
of which Taxes: +€13,272
- Current portion of long-term debt +€13,313
new in 2025: €13,313
- Gross operating margin -€57,933
down €57,933, from €48,014 to -€9,919
- Depreciation +€13,920
up €13,920 (+874%), from €1,593 to €15,513
- Staff costs +€8,802
new in 2025: €8,802
- Taxes +€3,744
up €3,744 (+41.9%), from €8,931 to €12,675
- Financial charges +€2,063
up €2,063 (+1,413%), from €146 to €2,209
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.
Derived cash bridge
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 | €91,961 | €166,135 | +€74,174 | +80.7% |
| Fixed assets | 21/28 | €12,718 | €69,298 | +€56,580 | +445% |
| Tangible fixed assets | 22/27 | €4,672 | €58,179 | +€53,507 | +1,145% |
| Plant, machinery and equipment | 23 | - | €38,383 | +€38,383 | |
| Furniture and vehicles | 24 | €4,228 | €19,795 | +€15,567 | +368% |
| Other tangible fixed assets | 26 | €444 | €1 | -€443 | -99.8% |
| Financial fixed assets | 28 | €8,046 | €11,120 | +€3,074 | +38.2% |
| Current assets | 29/58 | €79,243 | €96,837 | +€17,594 | +22.2% |
| Amounts receivable within one year | 40/41 | - | €61,997 | +€61,997 | |
| Trade receivables | 40 | - | €46,881 | +€46,881 | |
| Other amounts receivable | 41 | - | €15,116 | +€15,116 | |
| Cash at bank and in hand | 54/58 | €79,243 | €31,374 | -€47,869 | -60.4% |
| Deferred charges and accrued income | 490/1 | - | €3,467 | +€3,467 | |
| Total equity and liabilities | 10/49 | €91,961 | €166,135 | +€74,174 | +80.7% |
| Equity | 10/15 | €77,642 | €27,254 | -€50,388 | -64.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,642 | €17,254 | -€50,388 | -74.5% |
| Provisions and deferred taxes | 16 | €12,850 | €12,850 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €12,850 | €12,850 | = | 0.0% |
| Pensions and similar obligations | 160 | €12,850 | €12,850 | = | 0.0% |
| Amounts payable | 17/49 | €1,469 | €126,031 | +€124,562 | +8,479% |
| Amounts payable after more than one year | 17 | - | €48,915 | +€48,915 | |
| Financial debts | 170/4 | - | €48,915 | +€48,915 | |
| Amounts payable within one year | 42/48 | €1,469 | €77,116 | +€75,647 | +5,150% |
| Current portion of amounts payable after more than one year | 42 | - | €13,313 | +€13,313 | |
| Trade debts | 44 | - | €48,918 | +€48,918 | |
| Suppliers | 440/4 | - | €48,918 | +€48,918 | |
| Taxes, remuneration and social security | 45 | €490 | €14,468 | +€13,978 | +2,853% |
| Taxes | 450/3 | €490 | €13,762 | +€13,272 | +2,708% |
| Remuneration and social security | 454/9 | - | €706 | +€706 | |
| Other amounts payable | 47/48 | €979 | €417 | -€562 | -57.4% |
| Remuneration, social security and pensions | 62 | - | €8,802 | +€8,802 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,593 | €15,513 | +€13,920 | +874% |
| Other operating charges | 640/8 | - | €1,270 | +€1,270 | |
| Gross operating margin | 9900 | €48,014 | -€9,919 | -€57,933 | |
| Operating profit (loss) | 9901 | €46,421 | -€35,504 | -€81,925 | |
| Financial charges | 65/66B | €146 | €2,209 | +€2,063 | +1,413% |
| Recurring financial charges | 65 | €146 | €2,209 | +€2,063 | +1,413% |
| Profit (loss) for the period before taxes | 9903 | €46,275 | -€37,713 | -€83,988 | |
| Income taxes | 67/77 | €8,931 | €12,675 | +€3,744 | +41.9% |
| Profit (loss) for the period | 9904 | €37,344 | -€50,388 | -€87,732 | |
| Profit (loss) for the period to be appropriated | 9905 | €37,344 | -€50,388 | -€87,732 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.