Orac Holding: what changed
What changed
Orac Holding
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€175,250
2024 · €3.3m-€3.1m
Equity
€3.3m
2024 · €24.8m-€21.5m
Cash
€217,938
2024 · €455,005-€237,067
Balance sheet total
€3.3m
2024 · €29.9m-€26.6m
Largest movements
Assets
- Current investments -€14.6m
no longer reported in 2025 (was €14.6m)
- Financial fixed assets -€8.5m
down €8.5m (-73.7%), from €11.5m to €3.0m
of which Affiliated companies: -€7.2m
- Intangible fixed assets -€1.6m
no longer reported in 2025 (was €1.6m)
- Receivables within one year -€861,579
down €861,579 (-91.4%), from €942,629 to €81,050
of which Other amounts receivable: -€466,108
- Tangible fixed assets -€734,351
no longer reported in 2025 (was €734,351)
Equity and liabilities
- Reserves -€21.4m
down €21.4m (-86.8%), from €24.6m to €3.2m
of which Distributable reserves: -€21.2m
- Debts after one year -€2.8m
no longer reported in 2025 (was €2.8m)
- Trade debts -€1.1m
down €1.1m (-97.9%), from €1.1m to €23,739
- Current portion of long-term debt -€606,026
no longer reported in 2025 (was €606,026)
- Other debts -€301,011
no longer reported in 2025 (was €301,011)
Income statement
- Turnover -€5.2m
down €5.2m (-96.6%), from €5.4m to €186,804
- Financial income -€3.9m
down €3.9m (-100.0%), from €3.9m to €307
- Services and other goods -€3.2m
down €3.2m (-99.8%), from €3.2m to €4,981
- Staff costs -€1.2m
no longer reported in 2025 (was €1.2m)
- Financial charges -€840,462
down €840,462 (-100.0%), from €840,728 to €266
of which Non-recurring financial charges: -€783,088
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.
Result 2024
€3.3m
Turnover
-€5.2m
Other operating income
-€55,513
Services and other goods
+€3.2m
Staff costs
+€1.2m
Depreciation
+€613,960
Provisions
+€1,877
Other operating charges
+€394
Other operating items
+€19,826
Financial income
-€3.9m
Financial charges
+€840,462
Taxes
+€152,376
Result 2025
€175,250
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€575,598
Investment
+€25.4m
Financing
-€25.0m
Cash 2024
€455,005
From operations (derived)
-€575,598
Net result for the year
+€175,250
Receivables within one year
+€861,579
Deferred charges and accrued income
+€108,314
Provisions
-€7,555
Trade debts
-€1.1m
Tax, wage and social debts
-€189,390
Other debts
-€301,011
Accrued charges and deferred income
-€109,067
Investment (derived)
+€25.4m
Investment in fixed assets (net)
+€10.8m
Current investments
+€14.6m
Financing
-€25.0m
Debts after one year
-€2.8m
Current portion of long-term debt
-€606,026
Contributions, distributions and other
-€21.6m
Cash 2025
€217,938
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €29,899,886 | €3,328,940 | -€26.6m | -88.9% |
| Fixed assets | 21/28 | €13,843,938 | €3,029,952 | -€10.8m | -78.1% |
| Intangible fixed assets | 21 | €1,604,058 | - | -€1.6m | |
| Tangible fixed assets | 22/27 | €734,351 | - | -€734,351 | |
| Furniture and vehicles | 24 | €734,351 | - | -€734,351 | |
| Financial fixed assets | 28 | €11,505,529 | €3,029,952 | -€8.5m | -73.7% |
| Affiliated companies | 280/1 | €10,197,229 | €3,029,952 | -€7.2m | -70.3% |
| Participating interests | 280 | €10,197,229 | €3,029,952 | -€7.2m | -70.3% |
| Companies linked by participating interests | 282/3 | €1,308,300 | - | -€1.3m | |
| Participating interests | 282 | €888,300 | - | -€888,300 | |
| Amounts receivable | 283 | €420,000 | - | -€420,000 | |
| Current assets | 29/58 | €16,055,948 | €298,988 | -€15.8m | -98.1% |
| Amounts receivable within one year | 40/41 | €942,629 | €81,050 | -€861,579 | -91.4% |
| Trade receivables | 40 | €395,471 | - | -€395,471 | |
| Other amounts receivable | 41 | €547,158 | €81,050 | -€466,108 | -85.2% |
| Current investments | 50/53 | €14,550,000 | - | -€14.6m | |
| Other investments | 51/53 | €14,550,000 | - | -€14.6m | |
| Cash at bank and in hand | 54/58 | €455,005 | €217,938 | -€237,067 | -52.1% |
| Deferred charges and accrued income | 490/1 | €108,314 | - | -€108,314 | |
| Total equity and liabilities | 10/49 | €29,899,886 | €3,328,940 | -€26.6m | -88.9% |
| Equity | 10/15 | €24,755,674 | €3,305,201 | -€21.5m | -86.6% |
| Contributions | 10/11 | €135,000 | €61,500 | -€73,500 | -54.4% |
| Capital | 10 | €135,000 | €61,500 | -€73,500 | -54.4% |
| Issued capital | 100 | €135,000 | €61,500 | -€73,500 | -54.4% |
| Reserves | 13 | €24,620,674 | €3,243,701 | -€21.4m | -86.8% |
| Non-distributable reserves | 130/1 | €186,300 | €23,555 | -€162,745 | -87.4% |
| Legal reserve | 130 | €186,300 | €23,555 | -€162,745 | -87.4% |
| Distributable reserves | 133 | €24,434,374 | €3,220,146 | -€21.2m | -86.8% |
| Provisions and deferred taxes | 16 | €7,555 | - | -€7,555 | |
| Provisions for liabilities and charges | 160/5 | €7,555 | - | -€7,555 | |
| Pensions and similar obligations | 160 | €7,555 | - | -€7,555 | |
| Amounts payable | 17/49 | €5,136,657 | €23,739 | -€5.1m | -99.5% |
| Amounts payable after more than one year | 17 | €2,793,706 | - | -€2.8m | |
| Financial debts | 170/4 | €2,793,706 | - | -€2.8m | |
| Credit institutions | 173 | €2,793,706 | - | -€2.8m | |
| Amounts payable within one year | 42/48 | €2,233,884 | €23,739 | -€2.2m | -98.9% |
| Current portion of amounts payable after more than one year | 42 | €606,026 | - | -€606,026 | |
| Trade debts | 44 | €1,137,457 | €23,739 | -€1.1m | -97.9% |
| Suppliers | 440/4 | €1,137,457 | €23,739 | -€1.1m | -97.9% |
| Taxes, remuneration and social security | 45 | €189,390 | - | -€189,390 | |
| Taxes | 450/3 | €42,701 | - | -€42,701 | |
| Remuneration and social security | 454/9 | €146,689 | - | -€146,689 | |
| Other amounts payable | 47/48 | €301,011 | - | -€301,011 | |
| Accrued charges and deferred income | 492/3 | €109,067 | - | -€109,067 | |
| Operating income | 70/76A | €5,480,124 | €186,804 | -€5.3m | -96.6% |
| Turnover | 70 | €5,421,187 | €186,804 | -€5.2m | -96.6% |
| Other operating income | 74 | €55,513 | - | -€55,513 | |
| Non-recurring operating income | 76A | €3,424 | - | -€3,424 | |
| Operating charges | 60/66A | €5,043,966 | €6,107 | -€5.0m | -99.9% |
| Services and other goods | 61 | €3,197,494 | €4,981 | -€3.2m | -99.8% |
| Remuneration, social security and pensions | 62 | €1,205,865 | - | -€1.2m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €613,960 | - | -€613,960 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,877 | - | -€1,877 | |
| Other operating charges | 640/8 | €1,520 | €1,126 | -€394 | -25.9% |
| Non-recurring operating charges | 66A | €23,250 | - | -€23,250 | |
| Operating profit (loss) | 9901 | €436,158 | €180,697 | -€255,461 | -58.6% |
| Financial income | 75/76B | €3,864,769 | €307 | -€3.9m | -100.0% |
| Recurring financial income | 75 | €3,864,769 | €307 | -€3.9m | -100.0% |
| Income from financial fixed assets | 750 | €3,498,448 | - | -€3.5m | |
| Income from current assets | 751 | €345,644 | €307 | -€345,337 | -99.9% |
| Other financial income | 752/9 | €20,677 | - | -€20,677 | |
| Financial charges | 65/66B | €840,728 | €266 | -€840,462 | -100.0% |
| Recurring financial charges | 65 | €57,640 | €266 | -€57,374 | -99.5% |
| Debt charges | 650 | €53,285 | €266 | -€53,019 | -99.5% |
| Other financial charges | 652/9 | €4,355 | - | -€4,355 | |
| Non-recurring financial charges | 66B | €783,088 | - | -€783,088 | |
| Profit (loss) for the period before taxes | 9903 | €3,460,199 | €180,738 | -€3.3m | -94.8% |
| Income taxes | 67/77 | €157,864 | €5,488 | -€152,376 | -96.5% |
| Taxes | 670/3 | €157,864 | €5,488 | -€152,376 | -96.5% |
| Profit (loss) for the period | 9904 | €3,302,335 | €175,250 | -€3.1m | -94.7% |
| Profit (loss) for the period to be appropriated | 9905 | €3,302,335 | €175,250 | -€3.1m | -94.7% |
Next steps
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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 1 November 2026 via checked.be.