Orange Dertig: 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.
Orange Dertig
Largest movements
- Tangible fixed assets +€288,722
up €288,722 (+250%), from €115,597 to €404,319
of which Other tangible fixed assets: +€306,348
- Cash -€64,273
down €64,273 (-73.5%), from €87,418 to €23,145
mainly Investment in fixed assets (net) (-€369,144) and Other debts (-€14,115)
- Receivables within one year -€61,201
down €61,201 (-70.7%), from €86,564 to €25,363
of which Other amounts receivable: -€52,928
- Stocks and contracts +€5,466
up €5,466 (+42.0%), from €13,020 to €18,486
- Debts after one year +€169,116
up €169,116 (+135%), from €125,588 to €294,704
- Current portion of long-term debt +€29,975
up €29,975 (+109%), from €27,398 to €57,373
- Other debts -€14,115
down €14,115 (-36.1%), from €39,139 to €25,024
- Tax, wage and social debts -€10,135
down €10,135 (-33.1%), from €30,615 to €20,480
of which Taxes: -€11,989
- Trade debts -€8,162
down €8,162 (-25.2%), from €32,412 to €24,250
- Gross operating margin +€79,822
up €79,822 (+39.6%), from €201,505 to €281,327
- Staff costs +€43,430
up €43,430 (+33.9%), from €128,091 to €171,521
- Depreciation +€30,841
up €30,841 (+62.2%), from €49,581 to €80,421
- Financial charges +€8,494
up €8,494 (+69.7%), from €12,182 to €20,676
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 | €302,809 | €471,562 | +€168,753 | +55.7% |
| Fixed assets | 21/28 | €115,807 | €404,529 | +€288,722 | +249% |
| Tangible fixed assets | 22/27 | €115,597 | €404,319 | +€288,722 | +250% |
| Plant, machinery and equipment | 23 | €96,556 | €86,807 | -€9,749 | -10.1% |
| Furniture and vehicles | 24 | €19,041 | €11,164 | -€7,877 | -41.4% |
| Other tangible fixed assets | 26 | - | €306,348 | +€306,348 | |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €187,002 | €67,033 | -€119,969 | -64.2% |
| Stocks and contracts in progress | 3 | €13,020 | €18,486 | +€5,466 | +42.0% |
| Stocks | 30/36 | €13,020 | €18,486 | +€5,466 | +42.0% |
| Amounts receivable within one year | 40/41 | €86,564 | €25,363 | -€61,201 | -70.7% |
| Trade receivables | 40 | €10,878 | €2,606 | -€8,273 | -76.0% |
| Other amounts receivable | 41 | €75,685 | €22,757 | -€52,928 | -69.9% |
| Cash at bank and in hand | 54/58 | €87,418 | €23,145 | -€64,273 | -73.5% |
| Deferred charges and accrued income | 490/1 | - | €39 | +€39 | |
| Total equity and liabilities | 10/49 | €302,809 | €471,562 | +€168,753 | +55.7% |
| Equity | 10/15 | €47,657 | €49,731 | +€2,074 | +4.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €28,500 | €30,000 | +€1,500 | +5.3% |
| Distributable reserves | 133 | €28,500 | €30,000 | +€1,500 | +5.3% |
| Profit (loss) carried forward | 14 | €557 | €1,131 | +€574 | +103% |
| Amounts payable | 17/49 | €255,152 | €421,831 | +€166,679 | +65.3% |
| Amounts payable after more than one year | 17 | €125,588 | €294,704 | +€169,116 | +135% |
| Financial debts | 170/4 | €125,588 | €294,704 | +€169,116 | +135% |
| Amounts payable within one year | 42/48 | €129,564 | €127,127 | -€2,437 | -1.9% |
| Current portion of amounts payable after more than one year | 42 | €27,398 | €57,373 | +€29,975 | +109% |
| Trade debts | 44 | €32,412 | €24,250 | -€8,162 | -25.2% |
| Suppliers | 440/4 | €32,412 | €24,250 | -€8,162 | -25.2% |
| Taxes, remuneration and social security | 45 | €30,615 | €20,480 | -€10,135 | -33.1% |
| Taxes | 450/3 | €14,389 | €2,400 | -€11,989 | -83.3% |
| Remuneration and social security | 454/9 | €16,227 | €18,080 | +€1,853 | +11.4% |
| Other amounts payable | 47/48 | €39,139 | €25,024 | -€14,115 | -36.1% |
| Remuneration, social security and pensions | 62 | €128,091 | €171,521 | +€43,430 | +33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,581 | €80,421 | +€30,841 | +62.2% |
| Other operating charges | 640/8 | €6,287 | €6,810 | +€524 | +8.3% |
| Gross operating margin | 9900 | €201,505 | €281,327 | +€79,822 | +39.6% |
| Operating profit (loss) | 9901 | €17,547 | €22,575 | +€5,027 | +28.6% |
| Financial income | 75/76B | €580 | €308 | -€273 | -47.0% |
| Recurring financial income | 75 | €580 | €308 | -€273 | -47.0% |
| Financial charges | 65/66B | €12,182 | €20,676 | +€8,494 | +69.7% |
| Recurring financial charges | 65 | €12,182 | €20,676 | +€8,494 | +69.7% |
| Profit (loss) for the period before taxes | 9903 | €5,946 | €2,206 | -€3,740 | -62.9% |
| Income taxes | 67/77 | €2,459 | €132 | -€2,327 | -94.6% |
| Profit (loss) for the period | 9904 | €3,487 | €2,074 | -€1,413 | -40.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,487 | €2,074 | -€1,413 | -40.5% |
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 15 October 2026 via checked.be.