ORAK: 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.
ORAK
Largest movements
- Cash +€71,654
new in 2025: €71,654
mainly Net result for the year (+€49,671) and Tax, wage and social debts (+€22,334)
- Formation expenses -€1,133
no longer reported in 2025 (was €1,133)
- Receivables within one year -€1,100
down €1,100 (-8.3%), from €13,200 to €12,100
of which Other amounts receivable: -€4,000
- Tangible fixed assets +€1,006
up €1,006 (+69.4%), from €1,450 to €2,456
- Profit (loss) carried forward +€49,671
up €49,671 (+753.0%), from €6,596 to €56,267
- Tax, wage and social debts +€22,334
up €22,334 (+1354.4%), from €1,649 to €23,983
- Trade debts -€2,443
down €2,443 (-70.4%), from €3,472 to €1,029
- Gross operating margin +€57,649
up €57,649 (+695.8%), from €8,285 to €65,934
- Taxes +€11,328
up €11,328 (+687.0%), from €1,649 to €12,977
- Depreciation +€2,297
up €2,297 (+5742.5%), from €40 to €2,337
- Other operating charges +€904
new in 2025: €904
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 | €15,783 | €86,210 | +€70,427 | +446.2% |
| Formation expenses | 20 | €1,133 | - | -€1,133 | |
| Fixed assets | 21/28 | €1,450 | €2,456 | +€1,006 | +69.4% |
| Tangible fixed assets | 22/27 | €1,450 | €2,456 | +€1,006 | +69.4% |
| Furniture and vehicles | 24 | €1,450 | €2,456 | +€1,006 | +69.4% |
| Current assets | 29/58 | €13,200 | €83,754 | +€70,554 | +534.5% |
| Amounts receivable within one year | 40/41 | €13,200 | €12,100 | -€1,100 | -8.3% |
| Trade receivables | 40 | €9,200 | €12,100 | +€2,900 | +31.5% |
| Other amounts receivable | 41 | €4,000 | - | -€4,000 | |
| Cash at bank and in hand | 54/58 | - | €71,654 | +€71,654 | |
| Total equity and liabilities | 10/49 | €15,783 | €86,210 | +€70,427 | +446.2% |
| Equity | 10/15 | €10,596 | €60,267 | +€49,671 | +468.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,596 | €56,267 | +€49,671 | +753.0% |
| Amounts payable | 17/49 | €5,187 | €25,943 | +€20,756 | +400.2% |
| Amounts payable within one year | 42/48 | €5,121 | €25,626 | +€20,505 | +400.4% |
| Trade debts | 44 | €3,472 | €1,029 | -€2,443 | -70.4% |
| Suppliers | 440/4 | €3,472 | €1,029 | -€2,443 | -70.4% |
| Taxes, remuneration and social security | 45 | €1,649 | €23,983 | +€22,334 | +1354.4% |
| Taxes | 450/3 | €1,649 | €23,983 | +€22,334 | +1354.4% |
| Other amounts payable | 47/48 | - | €614 | +€614 | |
| Accrued charges and deferred income | 492/3 | €66 | €317 | +€251 | +380.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40 | €2,337 | +€2,297 | +5742.5% |
| Other operating charges | 640/8 | - | €904 | +€904 | |
| Gross operating margin | 9900 | €8,285 | €65,934 | +€57,649 | +695.8% |
| Operating profit (loss) | 9901 | €8,245 | €62,693 | +€54,448 | +660.4% |
| Financial charges | 65/66B | - | €45 | +€45 | |
| Recurring financial charges | 65 | - | €45 | +€45 | |
| Profit (loss) for the period before taxes | 9903 | €8,245 | €62,648 | +€54,403 | +659.8% |
| Income taxes | 67/77 | €1,649 | €12,977 | +€11,328 | +687.0% |
| Profit (loss) for the period | 9904 | €6,596 | €49,671 | +€43,075 | +653.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,596 | €49,671 | +€43,075 | +653.0% |
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 10 October 2026 via checked.be.