ORACO: 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.
ORACO
Largest movements
- Cash -€63,740
down €63,740 (-64.5%), from €98,781 to €35,041
mainly Net result for the year (-€31,401) and Receivables within one year (-€31,237)
- Receivables within one year +€31,237
up €31,237 (+1289.8%), from €2,422 to €33,659
of which Other amounts receivable: +€32,673
- Receivables after one year -€20,000
no longer reported in 2025 (was €20,000)
- Tangible fixed assets -€9,262
down €9,262 (-6.9%), from €133,584 to €124,323
of which Land and buildings: -€8,040
- Reserves -€31,401
down €31,401 (-11.0%), from €285,054 to €253,653
of which Distributable reserves: -€31,401
- Other debts -€21,156
no longer reported in 2025 (was €21,156)
- Debts after one year -€5,333
down €5,333 (-24.5%), from €21,778 to €16,445
- Tax, wage and social debts -€3,724
no longer reported in 2025 (was €3,724)
- Gross operating margin -€45,166
down €45,166, from €24,872 to -€20,294
- Taxes -€3,724
no longer reported in 2025 (was €3,724)
- Financial income +€446
up €446 (+85.8%), from €520 to €966
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 | €343,464 | €281,700 | -€61,765 | -18.0% |
| Fixed assets | 21/28 | €217,284 | €208,023 | -€9,262 | -4.3% |
| Tangible fixed assets | 22/27 | €133,584 | €124,323 | -€9,262 | -6.9% |
| Land and buildings | 22 | €119,962 | €111,923 | -€8,040 | -6.7% |
| Furniture and vehicles | 24 | €391 | €6 | -€385 | -98.4% |
| Other tangible fixed assets | 26 | €13,231 | €12,393 | -€837 | -6.3% |
| Financial fixed assets | 28 | €83,700 | €83,700 | = | 0.0% |
| Current assets | 29/58 | €126,180 | €73,677 | -€52,503 | -41.6% |
| Amounts receivable after more than one year | 29 | €20,000 | - | -€20,000 | |
| Other amounts receivable | 291 | €20,000 | - | -€20,000 | |
| Amounts receivable within one year | 40/41 | €2,422 | €33,659 | +€31,237 | +1289.8% |
| Trade receivables | 40 | €2,121 | €684 | -€1,436 | -67.7% |
| Other amounts receivable | 41 | €301 | €32,974 | +€32,673 | +10847.6% |
| Current investments | 50/53 | €4,977 | €4,977 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €98,781 | €35,041 | -€63,740 | -64.5% |
| Total equity and liabilities | 10/49 | €343,464 | €281,700 | -€61,765 | -18.0% |
| Equity | 10/15 | €291,254 | €259,853 | -€31,401 | -10.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €285,054 | €253,653 | -€31,401 | -11.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €283,194 | €251,793 | -€31,401 | -11.1% |
| Amounts payable | 17/49 | €52,210 | €21,846 | -€30,364 | -58.2% |
| Amounts payable after more than one year | 17 | €21,778 | €16,445 | -€5,333 | -24.5% |
| Financial debts | 170/4 | €21,778 | €16,445 | -€5,333 | -24.5% |
| Amounts payable within one year | 42/48 | €30,432 | €5,401 | -€25,030 | -82.3% |
| Current portion of amounts payable after more than one year | 42 | €5,333 | €5,333 | = | 0.0% |
| Trade debts | 44 | €219 | €68 | -€151 | -68.9% |
| Suppliers | 440/4 | €219 | €68 | -€151 | -68.9% |
| Taxes, remuneration and social security | 45 | €3,724 | - | -€3,724 | |
| Taxes | 450/3 | €3,724 | - | -€3,724 | |
| Other amounts payable | 47/48 | €21,156 | - | -€21,156 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,262 | €9,262 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,240 | €1,179 | -€61 | -4.9% |
| Gross operating margin | 9900 | €24,872 | -€20,294 | -€45,166 | |
| Operating profit (loss) | 9901 | €14,370 | -€30,735 | -€45,105 | |
| Financial income | 75/76B | €520 | €966 | +€446 | +85.8% |
| Recurring financial income | 75 | €520 | €966 | +€446 | +85.8% |
| Financial charges | 65/66B | €1,824 | €1,633 | -€191 | -10.5% |
| Recurring financial charges | 65 | €1,824 | €1,633 | -€191 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €13,066 | -€31,401 | -€44,467 | |
| Income taxes | 67/77 | €3,724 | - | -€3,724 | |
| Profit (loss) for the period | 9904 | €9,342 | -€31,401 | -€40,743 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,342 | -€31,401 | -€40,743 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.