OR SYSTEMS: 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.
OR SYSTEMS
Largest movements
- Receivables after one year -€15,621
down €15,621 (-16.8%), from €92,929 to €77,308
- Receivables within one year -€14,911
down €14,911 (-47.8%), from €31,210 to €16,299
of which Trade receivables: -€14,520
- Cash -€8,853
down €8,853 (-17.8%), from €49,688 to €40,836
mainly Net result for the year (-€28,580) and Other debts (-€15,134)
- Tangible fixed assets -€6,361
down €6,361 (-62.0%), from €10,252 to €3,891
of which Furniture and vehicles: -€4,813
- Profit (loss) carried forward -€28,580
down €28,580 (-19.6%), from €146,033 to €117,453
- Other debts -€15,134
down €15,134 (-97.0%), from €15,604 to €470
- Tax, wage and social debts -€2,684
down €2,684 (-14.5%), from €18,498 to €15,814
- Gross operating margin -€103,340
down €103,340, from €79,260 to -€24,080
- Taxes -€15,283
down €15,283 (-98.2%), from €15,567 to €284
- Depreciation -€1,427
down €1,427 (-18.3%), from €7,788 to €6,361
- Financial income +€846
up €846 (+39.2%), from €2,158 to €3,005
- Other operating charges +€801
new in 2024: €801
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €186,835 | €140,429 | -€46,405 | -24.8% |
| Fixed assets | 21/28 | €10,252 | €3,891 | -€6,361 | -62.0% |
| Tangible fixed assets | 22/27 | €10,252 | €3,891 | -€6,361 | -62.0% |
| Plant, machinery and equipment | 23 | €1,548 | - | -€1,548 | |
| Furniture and vehicles | 24 | €8,704 | €3,891 | -€4,813 | -55.3% |
| Current assets | 29/58 | €176,583 | €136,538 | -€40,045 | -22.7% |
| Amounts receivable after more than one year | 29 | €92,929 | €77,308 | -€15,621 | -16.8% |
| Other amounts receivable | 291 | €92,929 | €77,308 | -€15,621 | -16.8% |
| Amounts receivable within one year | 40/41 | €31,210 | €16,299 | -€14,911 | -47.8% |
| Trade receivables | 40 | €14,520 | - | -€14,520 | |
| Other amounts receivable | 41 | €16,690 | €16,299 | -€391 | -2.3% |
| Cash at bank and in hand | 54/58 | €49,688 | €40,836 | -€8,853 | -17.8% |
| Deferred charges and accrued income | 490/1 | €2,755 | €2,095 | -€660 | -24.0% |
| Total equity and liabilities | 10/49 | €186,835 | €140,429 | -€46,405 | -24.8% |
| Equity | 10/15 | €151,033 | €122,453 | -€28,580 | -18.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,033 | €117,453 | -€28,580 | -19.6% |
| Amounts payable | 17/49 | €35,801 | €17,976 | -€17,825 | -49.8% |
| Amounts payable within one year | 42/48 | €35,801 | €17,976 | -€17,825 | -49.8% |
| Trade debts | 44 | €1,699 | €1,692 | -€7 | -0.4% |
| Suppliers | 440/4 | €1,699 | €1,692 | -€7 | -0.4% |
| Taxes, remuneration and social security | 45 | €18,498 | €15,814 | -€2,684 | -14.5% |
| Taxes | 450/3 | €18,498 | €15,814 | -€2,684 | -14.5% |
| Other amounts payable | 47/48 | €15,604 | €470 | -€15,134 | -97.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,788 | €6,361 | -€1,427 | -18.3% |
| Other operating charges | 640/8 | - | €801 | +€801 | |
| Gross operating margin | 9900 | €79,260 | -€24,080 | -€103,340 | |
| Operating profit (loss) | 9901 | €71,472 | -€31,242 | -€102,715 | |
| Financial income | 75/76B | €2,158 | €3,005 | +€846 | +39.2% |
| Recurring financial income | 75 | €2,158 | €3,005 | +€846 | +39.2% |
| Financial charges | 65/66B | €126 | €59 | -€68 | -53.6% |
| Recurring financial charges | 65 | €126 | €59 | -€68 | -53.6% |
| Profit (loss) for the period before taxes | 9903 | €73,504 | -€28,296 | -€101,801 | |
| Income taxes | 67/77 | €15,567 | €284 | -€15,283 | -98.2% |
| Profit (loss) for the period | 9904 | €57,938 | -€28,580 | -€86,518 | |
| Profit (loss) for the period to be appropriated | 9905 | €57,938 | -€28,580 | -€86,518 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.