ORANGE EAGLE: 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 EAGLE
Largest movements
- Cash +€58,570
up €58,570 (+114%), from €51,168 to €109,739
mainly Depreciation (+€53,997) and Net result for the year (+€53,330)
- Tangible fixed assets -€51,658
down €51,658 (-16.4%), from €314,157 to €262,499
of which Land and buildings: -€33,855
- Receivables within one year +€30,768
up €30,768 (+47.0%), from €65,511 to €96,279
of which Other amounts receivable: +€19,705
- Reserves +€53,330
up €53,330 (+16.0%), from €332,303 to €385,633
of which Distributable reserves: +€47,876
- Tax, wage and social debts -€16,360
down €16,360 (-65.2%), from €25,092 to €8,732
- Other debts +€6,645
up €6,645 (+66.2%), from €10,045 to €16,689
- Debts after one year -€6,447
down €6,447 (-8.2%), from €79,006 to €72,559
- Gross operating margin +€34,927
up €34,927 (+34.5%), from €101,236 to €136,162
- Depreciation +€8,988
up €8,988 (+20.0%), from €45,008 to €53,997
- Taxes +€6,189
up €6,189 (+41.1%), from €15,049 to €21,238
- Financial charges +€5,637
up €5,637 (+812%), from €695 to €6,332
- Staff costs +€2,199
up €2,199 (+796%), from €276 to €2,475
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 | €466,234 | €504,646 | +€38,412 | +8.2% |
| Fixed assets | 21/28 | €349,157 | €297,499 | -€51,658 | -14.8% |
| Tangible fixed assets | 22/27 | €314,157 | €262,499 | -€51,658 | -16.4% |
| Land and buildings | 22 | €249,976 | €216,122 | -€33,855 | -13.5% |
| Plant, machinery and equipment | 23 | €1,614 | €2,807 | +€1,193 | +73.9% |
| Furniture and vehicles | 24 | €61,768 | €42,772 | -€18,996 | -30.8% |
| Other tangible fixed assets | 26 | €798 | €798 | = | 0.0% |
| Financial fixed assets | 28 | €35,000 | €35,000 | = | 0.0% |
| Current assets | 29/58 | €117,078 | €207,147 | +€90,069 | +76.9% |
| Amounts receivable within one year | 40/41 | €65,511 | €96,279 | +€30,768 | +47.0% |
| Trade receivables | 40 | €29,489 | €40,552 | +€11,062 | +37.5% |
| Other amounts receivable | 41 | €36,021 | €55,727 | +€19,705 | +54.7% |
| Cash at bank and in hand | 54/58 | €51,168 | €109,739 | +€58,570 | +114% |
| Deferred charges and accrued income | 490/1 | €399 | €1,130 | +€731 | +183% |
| Total equity and liabilities | 10/49 | €466,234 | €504,646 | +€38,412 | +8.2% |
| Equity | 10/15 | €344,703 | €398,033 | +€53,330 | +15.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €332,303 | €385,633 | +€53,330 | +16.0% |
| Non-distributable reserves | 130/1 | - | €5,454 | +€5,454 | |
| Reserves not available under the articles | 1311 | - | €5,454 | +€5,454 | |
| Distributable reserves | 133 | €332,303 | €380,179 | +€47,876 | +14.4% |
| Amounts payable | 17/49 | €121,531 | €106,613 | -€14,919 | -12.3% |
| Amounts payable after more than one year | 17 | €79,006 | €72,559 | -€6,447 | -8.2% |
| Financial debts | 170/4 | €79,006 | €72,559 | -€6,447 | -8.2% |
| Amounts payable within one year | 42/48 | €42,526 | €34,054 | -€8,472 | -19.9% |
| Current portion of amounts payable after more than one year | 42 | €5,994 | €7,447 | +€1,453 | +24.2% |
| Trade debts | 44 | €1,395 | €1,186 | -€209 | -15.0% |
| Suppliers | 440/4 | €1,395 | €1,186 | -€209 | -15.0% |
| Taxes, remuneration and social security | 45 | €25,092 | €8,732 | -€16,360 | -65.2% |
| Taxes | 450/3 | €25,092 | €8,732 | -€16,360 | -65.2% |
| Other amounts payable | 47/48 | €10,045 | €16,689 | +€6,645 | +66.2% |
| Remuneration, social security and pensions | 62 | €276 | €2,475 | +€2,199 | +796% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,008 | €53,997 | +€8,988 | +20.0% |
| Other operating charges | 640/8 | €782 | €167 | -€615 | -78.7% |
| Non-recurring operating charges | 66A | €5,003 | - | -€5,003 | |
| Gross operating margin | 9900 | €101,236 | €136,162 | +€34,927 | +34.5% |
| Operating profit (loss) | 9901 | €50,166 | €79,523 | +€29,358 | +58.5% |
| Financial income | 75/76B | €1,366 | €1,377 | +€10 | +0.8% |
| Recurring financial income | 75 | €1,366 | €1,377 | +€10 | +0.8% |
| Financial charges | 65/66B | €695 | €6,332 | +€5,637 | +812% |
| Recurring financial charges | 65 | €695 | €6,332 | +€5,637 | +812% |
| Profit (loss) for the period before taxes | 9903 | €50,837 | €74,568 | +€23,731 | +46.7% |
| Income taxes | 67/77 | €15,049 | €21,238 | +€6,189 | +41.1% |
| Profit (loss) for the period | 9904 | €35,788 | €53,330 | +€17,542 | +49.0% |
| Profit (loss) for the period to be appropriated | 9905 | €35,788 | €53,330 | +€17,542 | +49.0% |
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 18 October 2026 via checked.be.