ORA Machines: 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 Machines
Largest movements
- Cash -€743,352
down €743,352 (-45.0%), from €1.7m to €908,472
mainly Advances received (-€984,466) and Trade debts (-€390,374)
- Stocks and contracts -€557,852
down €557,852 (-70.3%), from €793,136 to €235,284
- Receivables within one year -€87,941
down €87,941 (-10.0%), from €879,585 to €791,644
of which Trade receivables: -€63,126
- Tangible fixed assets +€41,396
up €41,396 (+18.6%), from €222,544 to €263,940
of which Furniture and vehicles: +€42,510
- Advances received -€984,466
down €984,466 (-91.9%), from €1.1m to €86,836
- Trade debts -€390,374
down €390,374 (-39.0%), from €1.0m to €611,393
- Profit (loss) carried forward +€270,318
up €270,318 (+97.3%), from €277,946 to €548,264
- Provisions -€167,881
down €167,881 (-100%), from €167,881 to €0
- Other debts -€78,417
down €78,417 (-83.9%), from €93,417 to €15,000
- Gross operating margin +€291,209
up €291,209 (+20.7%), from €1.4m to €1.7m
- Staff costs +€129,545
up €129,545 (+10.4%), from €1.3m to €1.4m
- Provisions -€85,600
down €85,600 (-104%), from -€82,281 to -€167,881
- Taxes +€71,540
up €71,540 (+196%), from €36,468 to €108,007
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 | €3,582,830 | €2,225,198 | -€1.4m | -37.9% |
| Fixed assets | 21/28 | €222,544 | €263,940 | +€41,396 | +18.6% |
| Tangible fixed assets | 22/27 | €222,544 | €263,940 | +€41,396 | +18.6% |
| Furniture and vehicles | 24 | €211,854 | €254,364 | +€42,510 | +20.1% |
| Other tangible fixed assets | 26 | €10,690 | €9,576 | -€1,113 | -10.4% |
| Current assets | 29/58 | €3,360,287 | €1,961,258 | -€1.4m | -41.6% |
| Stocks and contracts in progress | 3 | €793,136 | €235,284 | -€557,852 | -70.3% |
| Stocks | 30/36 | €793,136 | €235,284 | -€557,852 | -70.3% |
| Amounts receivable within one year | 40/41 | €879,585 | €791,644 | -€87,941 | -10.0% |
| Trade receivables | 40 | €854,770 | €791,644 | -€63,126 | -7.4% |
| Other amounts receivable | 41 | €24,815 | - | -€24,815 | |
| Cash at bank and in hand | 54/58 | €1,651,824 | €908,472 | -€743,352 | -45.0% |
| Deferred charges and accrued income | 490/1 | €35,742 | €25,857 | -€9,884 | -27.7% |
| Total equity and liabilities | 10/49 | €3,582,830 | €2,225,198 | -€1.4m | -37.9% |
| Equity | 10/15 | €946,851 | €1,217,169 | +€270,318 | +28.5% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €607,406 | €607,406 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,590 | €22,590 | = | 0.0% |
| Legal reserve | 130 | €22,590 | €22,590 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,848 | €17,848 | = | 0.0% |
| Distributable reserves | 133 | €566,967 | €566,967 | = | 0.0% |
| Profit (loss) carried forward | 14 | €277,946 | €548,264 | +€270,318 | +97.3% |
| Provisions and deferred taxes | 16 | €167,881 | €0 | -€167,881 | -100% |
| Provisions for liabilities and charges | 160/5 | €167,881 | €0 | -€167,881 | -100% |
| Other liabilities and charges | 164/5 | €167,881 | €0 | -€167,881 | -100% |
| Amounts payable | 17/49 | €2,468,098 | €1,008,029 | -€1.5m | -59.2% |
| Amounts payable within one year | 42/48 | €2,468,098 | €982,529 | -€1.5m | -60.2% |
| Trade debts | 44 | €1,001,767 | €611,393 | -€390,374 | -39.0% |
| Suppliers | 440/4 | €1,001,767 | €611,393 | -€390,374 | -39.0% |
| Advances received on contracts in progress | 46 | €1,071,302 | €86,836 | -€984,466 | -91.9% |
| Taxes, remuneration and social security | 45 | €301,612 | €269,300 | -€32,312 | -10.7% |
| Taxes | 450/3 | €168,151 | €124,523 | -€43,628 | -25.9% |
| Remuneration and social security | 454/9 | €133,461 | €144,777 | +€11,316 | +8.5% |
| Other amounts payable | 47/48 | €93,417 | €15,000 | -€78,417 | -83.9% |
| Accrued charges and deferred income | 492/3 | - | €25,500 | +€25,500 | |
| Remuneration, social security and pensions | 62 | €1,250,037 | €1,379,582 | +€129,545 | +10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,892 | €63,884 | +€2,992 | +4.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €22,402 | €19,380 | -€3,022 | -13.5% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€82,281 | -€167,881 | -€85,600 | -104% |
| Other operating charges | 640/8 | €27,540 | €31,210 | +€3,670 | +13.3% |
| Gross operating margin | 9900 | €1,408,701 | €1,699,910 | +€291,209 | +20.7% |
| Operating profit (loss) | 9901 | €130,110 | €373,735 | +€243,625 | +187% |
| Financial income | 75/76B | €11,119 | €27,907 | +€16,788 | +151% |
| Recurring financial income | 75 | €11,119 | €27,907 | +€16,788 | +151% |
| Financial charges | 65/66B | €10,330 | €8,317 | -€2,014 | -19.5% |
| Recurring financial charges | 65 | €10,330 | €8,317 | -€2,014 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €130,899 | €393,326 | +€262,427 | +200% |
| Income taxes | 67/77 | €36,468 | €108,007 | +€71,540 | +196% |
| Profit (loss) for the period | 9904 | €94,431 | €285,318 | +€190,887 | +202% |
| Profit (loss) for the period to be appropriated | 9905 | €94,431 | €285,318 | +€190,887 | +202% |
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 24 October 2026 via checked.be.