ONOR: what changed
ONOR
Largest movements
- Receivables within one year +€145,568
up €145,568 (+906%), from €16,066 to €161,634
of which Trade receivables: +€88,945
- Cash +€17,156
up €17,156 (+46.2%), from €37,142 to €54,298
mainly Net result for the year (+€70,063) and Other debts (+€62,714)
- Reserves +€70,063
up €70,063 (+62.8%), from €111,543 to €181,607
- Other debts +€62,714
up €62,714 (+142%), from €44,081 to €106,795
- Current portion of long-term debt +€24,746
new in 2025: €24,746
- Short-term financial debts +€5,863
new in 2025: €5,863
- Gross operating margin -€81,361
down €81,361 (-44.6%), from €182,414 to €101,053
- Staff costs -€31,501
down €31,501 (-70.1%), from €44,940 to €13,439
- Other operating charges -€21,441
down €21,441 (-94.7%), from €22,644 to €1,203
- Financial income +€7,956
up €7,956 (+1,998%), from €398 to €8,354
- Financial charges -€4,195
down €4,195 (-53.1%), from €7,900 to €3,705
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 | €216,894 | €379,933 | +€163,038 | +75.2% |
| Fixed assets | 21/28 | €35,750 | €35,750 | = | 0.0% |
| Financial fixed assets | 28 | €35,750 | €35,750 | = | 0.0% |
| Current assets | 29/58 | €181,144 | €344,183 | +€163,038 | +90.0% |
| Amounts receivable after more than one year | 29 | €125,000 | €125,000 | = | 0.0% |
| Other amounts receivable | 291 | €125,000 | €125,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €16,066 | €161,634 | +€145,568 | +906% |
| Trade receivables | 40 | €15,548 | €104,492 | +€88,945 | +572% |
| Other amounts receivable | 41 | €518 | €57,142 | +€56,624 | +10,922% |
| Cash at bank and in hand | 54/58 | €37,142 | €54,298 | +€17,156 | +46.2% |
| Deferred charges and accrued income | 490/1 | €2,937 | €3,251 | +€314 | +10.7% |
| Total equity and liabilities | 10/49 | €216,894 | €379,933 | +€163,038 | +75.2% |
| Equity | 10/15 | €116,543 | €186,607 | +€70,063 | +60.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €111,543 | €181,607 | +€70,063 | +62.8% |
| Distributable reserves | 133 | €111,543 | €181,607 | +€70,063 | +62.8% |
| Amounts payable | 17/49 | €100,351 | €193,326 | +€92,975 | +92.6% |
| Amounts payable within one year | 42/48 | €100,351 | €193,326 | +€92,975 | +92.6% |
| Current portion of amounts payable after more than one year | 42 | - | €24,746 | +€24,746 | |
| Financial debts | 43 | - | €5,863 | +€5,863 | |
| Credit institutions | 430/8 | - | €5,863 | +€5,863 | |
| Trade debts | 44 | €3,650 | €4,732 | +€1,082 | +29.6% |
| Suppliers | 440/4 | €3,650 | €4,732 | +€1,082 | +29.6% |
| Taxes, remuneration and social security | 45 | €52,620 | €51,191 | -€1,430 | -2.7% |
| Taxes | 450/3 | €52,620 | €51,191 | -€1,430 | -2.7% |
| Other amounts payable | 47/48 | €44,081 | €106,795 | +€62,714 | +142% |
| Non-recurring operating income | 76A | €1,917 | €0 | -€1,917 | -100% |
| Remuneration, social security and pensions | 62 | €44,940 | €13,439 | -€31,501 | -70.1% |
| Other operating charges | 640/8 | €22,644 | €1,203 | -€21,441 | -94.7% |
| Gross operating margin | 9900 | €182,414 | €101,053 | -€81,361 | -44.6% |
| Operating profit (loss) | 9901 | €114,829 | €86,411 | -€28,418 | -24.7% |
| Financial income | 75/76B | €398 | €8,354 | +€7,956 | +1,998% |
| Recurring financial income | 75 | €398 | €8,354 | +€7,956 | +1,998% |
| Financial charges | 65/66B | €7,900 | €3,705 | -€4,195 | -53.1% |
| Recurring financial charges | 65 | €7,900 | €3,705 | -€4,195 | -53.1% |
| Profit (loss) for the period before taxes | 9903 | €107,327 | €91,059 | -€16,268 | -15.2% |
| Income taxes | 67/77 | €24,747 | €20,996 | -€3,751 | -15.2% |
| Profit (loss) for the period | 9904 | €82,580 | €70,063 | -€12,517 | -15.2% |
| Profit (loss) for the period to be appropriated | 9905 | €82,580 | €70,063 | -€12,517 | -15.2% |
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 5 November 2026 via checked.be.