ORANGE 48: 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.
ORANGE 48
Largest movements
- Tangible fixed assets -€13,876
down €13,876 (-4.5%), from €307,552 to €293,676
- Cash +€4,773
up €4,773 (+188.5%), from €2,532 to €7,305
mainly Depreciation (+€13,876) and Net result for the year (+€13,416)
- Debts after one year -€14,971
down €14,971 (-8.3%), from €179,430 to €164,458
- Profit (loss) carried forward +€13,416
up €13,416 (+35.3%), from €37,966 to €51,382
- Other debts -€9,615
down €9,615 (-14.5%), from €66,466 to €56,851
- Tax, wage and social debts +€3,876
up €3,876 (+330.6%), from €1,172 to €5,048
- Gross operating margin +€12,787
up €12,787 (+47.9%), from €26,676 to €39,463
- Taxes +€3,876
up €3,876 (+330.6%), from €1,172 to €5,048
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 | €310,084 | €301,576 | -€8,509 | -2.7% |
| Fixed assets | 21/28 | €307,552 | €293,676 | -€13,876 | -4.5% |
| Tangible fixed assets | 22/27 | €307,552 | €293,676 | -€13,876 | -4.5% |
| Land and buildings | 22 | €307,552 | €293,676 | -€13,876 | -4.5% |
| Current assets | 29/58 | €2,532 | €7,900 | +€5,368 | +212.0% |
| Cash at bank and in hand | 54/58 | €2,532 | €7,305 | +€4,773 | +188.5% |
| Deferred charges and accrued income | 490/1 | - | €595 | +€595 | |
| Total equity and liabilities | 10/49 | €310,084 | €301,576 | -€8,509 | -2.7% |
| Equity | 10/15 | €46,026 | €59,442 | +€13,416 | +29.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,966 | €51,382 | +€13,416 | +35.3% |
| Amounts payable | 17/49 | €264,059 | €242,134 | -€21,924 | -8.3% |
| Amounts payable after more than one year | 17 | €179,430 | €164,458 | -€14,971 | -8.3% |
| Financial debts | 170/4 | €179,430 | €164,458 | -€14,971 | -8.3% |
| Amounts payable within one year | 42/48 | €83,091 | €77,676 | -€5,415 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €14,673 | €14,971 | +€299 | +2.0% |
| Trade debts | 44 | €780 | €805 | +€25 | +3.2% |
| Suppliers | 440/4 | €780 | €805 | +€25 | +3.2% |
| Taxes, remuneration and social security | 45 | €1,172 | €5,048 | +€3,876 | +330.6% |
| Taxes | 450/3 | €1,172 | €5,048 | +€3,876 | +330.6% |
| Other amounts payable | 47/48 | €66,466 | €56,851 | -€9,615 | -14.5% |
| Accrued charges and deferred income | 492/3 | €1,538 | €0 | -€1,538 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,876 | €13,876 | = | 0.0% |
| Other operating charges | 640/8 | €3,151 | €3,268 | +€117 | +3.7% |
| Gross operating margin | 9900 | €26,676 | €39,463 | +€12,787 | +47.9% |
| Operating profit (loss) | 9901 | €9,649 | €22,319 | +€12,670 | +131.3% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,157 | €3,855 | -€303 | -7.3% |
| Recurring financial charges | 65 | €4,157 | €3,855 | -€303 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €5,491 | €18,464 | +€12,973 | +236.2% |
| Income taxes | 67/77 | €1,172 | €5,048 | +€3,876 | +330.6% |
| Profit (loss) for the period | 9904 | €4,319 | €13,416 | +€9,097 | +210.6% |
| Profit (loss) for the period to be appropriated | 9905 | €4,319 | €13,416 | +€9,097 | +210.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.