ONRG: what changed
Two fiscal 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.
ONRG
Largest movements
- Receivables within one year +€220,914
up €220,914 (+79.2%), from €278,790 to €499,704
of which Other amounts receivable: +€244,204
- Tangible fixed assets -€51,495
down €51,495 (-39.7%), from €129,766 to €78,271
of which Leasing and similar rights: -€39,823
- Stocks and contracts +€15,160
up €15,160 (+101.3%), from €14,962 to €30,122
- Financial fixed assets -€11,716
down €11,716 (-70.0%), from €16,748 to €5,033
- Other debts +€166,467
up €166,467 (+282.5%), from €58,924 to €225,391
- Profit (loss) carried forward +€58,926
up €58,926 (+23.7%), from €248,538 to €307,464
- Debts after one year -€28,256
down €28,256 (-80.8%), from €34,981 to €6,725
- Current portion of long-term debt -€21,066
down €21,066 (-42.7%), from €49,322 to €28,256
- Advances received -€11,877
no longer reported in 2025 (was €11,877)
- Staff costs -€75,900
down €75,900 (-14.6%), from €520,886 to €444,986
- Gross operating margin +€40,514
up €40,514 (+5.5%), from €734,200 to €774,714
- Depreciation -€33,763
down €33,763 (-47.7%), from €70,760 to €36,997
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.
Cash bridge derived
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 | €511,439 | €687,183 | +€175,744 | +34.4% |
| Fixed assets | 21/28 | €146,514 | €83,303 | -€63,211 | -43.1% |
| Tangible fixed assets | 22/27 | €129,766 | €78,271 | -€51,495 | -39.7% |
| Land and buildings | 22 | €35,878 | €28,770 | -€7,108 | -19.8% |
| Plant, machinery and equipment | 23 | €40,967 | €39,306 | -€1,661 | -4.1% |
| Furniture and vehicles | 24 | €6,564 | €3,661 | -€2,903 | -44.2% |
| Leasing and similar rights | 25 | €46,357 | €6,534 | -€39,823 | -85.9% |
| Financial fixed assets | 28 | €16,748 | €5,033 | -€11,716 | -70.0% |
| Current assets | 29/58 | €364,924 | €603,880 | +€238,955 | +65.5% |
| Stocks and contracts in progress | 3 | €14,962 | €30,122 | +€15,160 | +101.3% |
| Stocks | 30/36 | €14,962 | €30,122 | +€15,160 | +101.3% |
| Amounts receivable within one year | 40/41 | €278,790 | €499,704 | +€220,914 | +79.2% |
| Trade receivables | 40 | €24,879 | €1,589 | -€23,290 | -93.6% |
| Other amounts receivable | 41 | €253,911 | €498,115 | +€244,204 | +96.2% |
| Cash at bank and in hand | 54/58 | €66,808 | €69,366 | +€2,558 | +3.8% |
| Deferred charges and accrued income | 490/1 | €4,364 | €4,686 | +€322 | +7.4% |
| Total equity and liabilities | 10/49 | €511,439 | €687,183 | +€175,744 | +34.4% |
| Equity | 10/15 | €275,348 | €334,274 | +€58,926 | +21.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €20,610 | €20,610 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €248,538 | €307,464 | +€58,926 | +23.7% |
| Amounts payable | 17/49 | €236,091 | €352,909 | +€116,818 | +49.5% |
| Amounts payable after more than one year | 17 | €34,981 | €6,725 | -€28,256 | -80.8% |
| Financial debts | 170/4 | €34,981 | €6,725 | -€28,256 | -80.8% |
| Amounts payable within one year | 42/48 | €200,937 | €346,010 | +€145,072 | +72.2% |
| Current portion of amounts payable after more than one year | 42 | €49,322 | €28,256 | -€21,066 | -42.7% |
| Trade debts | 44 | €17,915 | €20,332 | +€2,417 | +13.5% |
| Suppliers | 440/4 | €17,915 | €20,332 | +€2,417 | +13.5% |
| Advances received on contracts in progress | 46 | €11,877 | - | -€11,877 | |
| Taxes, remuneration and social security | 45 | €62,899 | €72,031 | +€9,132 | +14.5% |
| Taxes | 450/3 | €29,519 | €49,572 | +€20,053 | +67.9% |
| Remuneration and social security | 454/9 | €33,380 | €22,459 | -€10,921 | -32.7% |
| Other amounts payable | 47/48 | €58,924 | €225,391 | +€166,467 | +282.5% |
| Accrued charges and deferred income | 492/3 | €172 | €174 | +€2 | +1.0% |
| Remuneration, social security and pensions | 62 | €520,886 | €444,986 | -€75,900 | -14.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,760 | €36,997 | -€33,763 | -47.7% |
| Other operating charges | 640/8 | €10,074 | €11,449 | +€1,376 | +13.7% |
| Non-recurring operating charges | 66A | - | €146,902 | +€146,902 | |
| Gross operating margin | 9900 | €734,200 | €774,714 | +€40,514 | +5.5% |
| Operating profit (loss) | 9901 | €132,479 | €134,379 | +€1,900 | +1.4% |
| Financial income | 75/76B | €5,466 | €2,215 | -€3,251 | -59.5% |
| Recurring financial income | 75 | €5,466 | €2,215 | -€3,251 | -59.5% |
| Financial charges | 65/66B | €5,924 | €5,188 | -€736 | -12.4% |
| Recurring financial charges | 65 | €5,924 | €5,188 | -€736 | -12.4% |
| Profit (loss) for the period before taxes | 9903 | €132,022 | €131,406 | -€616 | -0.5% |
| Income taxes | 67/77 | €27,314 | €22,480 | -€4,834 | -17.7% |
| Profit (loss) for the period | 9904 | €104,708 | €108,926 | +€4,218 | +4.0% |
| Profit (loss) for the period to be appropriated | 9905 | €104,708 | €108,926 | +€4,218 | +4.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.