ORA AVOCATS: 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.
ORA AVOCATS
Largest movements
- Current investments +€60,000
new in 2025: €60,000
- Cash -€53,457
down €53,457 (-30.7%), from €174,046 to €120,588
mainly Other debts (-€78,723) and Current investments (-€60,000)
- Receivables within one year +€17,401
up €17,401 (+77.3%), from €22,522 to €39,922
of which Trade receivables: +€10,186
- Tangible fixed assets -€16,196
down €16,196 (-27.0%), from €60,055 to €43,859
of which Furniture and vehicles: -€15,516
- Other debts -€78,723
down €78,723 (-92.2%), from €85,357 to €6,634
- Reserves +€66,878
up €66,878 (+52.4%), from €127,678 to €194,556
- Trade debts +€22,447
up €22,447 (+319.8%), from €7,019 to €29,466
- Tax, wage and social debts +€7,822
up €7,822 (+52.1%), from €15,000 to €22,821
- Debts after one year -€7,664
down €7,664 (-35.1%), from €21,842 to €14,178
- Gross operating margin +€36,918
up €36,918 (+40.2%), from €91,846 to €128,764
- Taxes +€14,968
up €14,968 (+83.4%), from €17,954 to €32,922
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 | €271,666 | €277,820 | +€6,154 | +2.3% |
| Fixed assets | 21/28 | €60,055 | €43,859 | -€16,196 | -27.0% |
| Tangible fixed assets | 22/27 | €60,055 | €43,859 | -€16,196 | -27.0% |
| Furniture and vehicles | 24 | €54,114 | €38,598 | -€15,516 | -28.7% |
| Other tangible fixed assets | 26 | €5,941 | €5,261 | -€680 | -11.4% |
| Current assets | 29/58 | €211,611 | €233,961 | +€22,350 | +10.6% |
| Amounts receivable within one year | 40/41 | €22,522 | €39,922 | +€17,401 | +77.3% |
| Trade receivables | 40 | €22,522 | €32,707 | +€10,186 | +45.2% |
| Other amounts receivable | 41 | - | €7,215 | +€7,215 | |
| Current investments | 50/53 | - | €60,000 | +€60,000 | |
| Cash at bank and in hand | 54/58 | €174,046 | €120,588 | -€53,457 | -30.7% |
| Deferred charges and accrued income | 490/1 | €15,043 | €13,450 | -€1,593 | -10.6% |
| Total equity and liabilities | 10/49 | €271,666 | €277,820 | +€6,154 | +2.3% |
| Equity | 10/15 | €133,130 | €197,056 | +€63,926 | +48.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €127,678 | €194,556 | +€66,878 | +52.4% |
| Distributable reserves | 133 | €127,678 | €194,556 | +€66,878 | +52.4% |
| Profit (loss) carried forward | 14 | €2,952 | - | -€2,952 | |
| Amounts payable | 17/49 | €138,536 | €80,764 | -€57,772 | -41.7% |
| Amounts payable after more than one year | 17 | €21,842 | €14,178 | -€7,664 | -35.1% |
| Financial debts | 170/4 | €21,842 | €14,178 | -€7,664 | -35.1% |
| Amounts payable within one year | 42/48 | €116,694 | €66,586 | -€50,108 | -42.9% |
| Current portion of amounts payable after more than one year | 42 | €7,362 | €7,664 | +€302 | +4.1% |
| Trade debts | 44 | €7,019 | €29,466 | +€22,447 | +319.8% |
| Suppliers | 440/4 | €7,019 | €29,466 | +€22,447 | +319.8% |
| Advances received on contracts in progress | 46 | €1,957 | - | -€1,957 | |
| Taxes, remuneration and social security | 45 | €15,000 | €22,821 | +€7,822 | +52.1% |
| Taxes | 450/3 | €15,000 | €22,821 | +€7,822 | +52.1% |
| Other amounts payable | 47/48 | €85,357 | €6,634 | -€78,723 | -92.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,866 | €16,989 | +€123 | +0.7% |
| Other operating charges | 640/8 | €2,152 | €2,488 | +€336 | +15.6% |
| Gross operating margin | 9900 | €91,846 | €128,764 | +€36,918 | +40.2% |
| Operating profit (loss) | 9901 | €72,828 | €109,287 | +€36,459 | +50.1% |
| Financial income | 75/76B | €3 | €65 | +€62 | +2030.3% |
| Recurring financial income | 75 | €3 | €65 | +€62 | +2030.3% |
| Financial charges | 65/66B | €1,925 | €2,652 | +€726 | +37.7% |
| Recurring financial charges | 65 | €1,925 | €2,652 | +€726 | +37.7% |
| Profit (loss) for the period before taxes | 9903 | €70,906 | €106,700 | +€35,794 | +50.5% |
| Income taxes | 67/77 | €17,954 | €32,922 | +€14,968 | +83.4% |
| Profit (loss) for the period | 9904 | €52,952 | €73,778 | +€20,826 | +39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €52,952 | €73,778 | +€20,826 | +39.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.