ORANGE TREE: 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 TREE
Largest movements
- Current investments +€179,794
up €179,794 (+9.3%), from €1.9m to €2.1m
- Cash +€148,007
up €148,007 (+35.0%), from €423,091 to €571,098
mainly Net result for the year (+€549,106) and Other debts (+€187,133)
- Other debts +€187,133
up €187,133 (+92.7%), from €201,887 to €389,020
- Reserves +€160,086
up €160,086 (+7.4%), from €2.2m to €2.3m
- Financial charges +€142,371
up €142,371, from -€139,239 to €3,131
- Gross operating margin +€63,499
up €63,499 (+8.9%), from €711,352 to €774,851
- Financial income +€16,123
up €16,123 (+104.9%), from €15,367 to €31,489
- Taxes +€9,802
up €9,802 (+4.1%), from €239,639 to €249,441
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,469,244 | €2,803,809 | +€334,566 | +13.5% |
| Fixed assets | 21/28 | €1,957 | €1,288 | -€668 | -34.2% |
| Tangible fixed assets | 22/27 | €1,957 | €1,288 | -€668 | -34.2% |
| Plant, machinery and equipment | 23 | €696 | €462 | -€234 | -33.7% |
| Furniture and vehicles | 24 | €1,261 | €827 | -€434 | -34.4% |
| Current assets | 29/58 | €2,467,287 | €2,802,521 | +€335,234 | +13.6% |
| Amounts receivable within one year | 40/41 | €115,589 | €122,998 | +€7,410 | +6.4% |
| Trade receivables | 40 | €65,556 | €57,054 | -€8,502 | -13.0% |
| Other amounts receivable | 41 | €50,033 | €65,944 | +€15,911 | +31.8% |
| Current investments | 50/53 | €1,927,151 | €2,106,945 | +€179,794 | +9.3% |
| Cash at bank and in hand | 54/58 | €423,091 | €571,098 | +€148,007 | +35.0% |
| Deferred charges and accrued income | 490/1 | €1,456 | €1,480 | +€23 | +1.6% |
| Total equity and liabilities | 10/49 | €2,469,244 | €2,803,809 | +€334,566 | +13.5% |
| Equity | 10/15 | €2,183,613 | €2,343,698 | +€160,086 | +7.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,166,245 | €2,326,331 | +€160,086 | +7.4% |
| Distributable reserves | 133 | €2,166,245 | €2,326,331 | +€160,086 | +7.4% |
| Profit (loss) carried forward | 14 | €4,968 | €4,968 | = | 0.0% |
| Amounts payable | 17/49 | €285,631 | €460,111 | +€174,480 | +61.1% |
| Amounts payable within one year | 42/48 | €284,671 | €460,111 | +€175,440 | +61.6% |
| Trade debts | 44 | €2,585 | €1,751 | -€835 | -32.3% |
| Suppliers | 440/4 | €2,585 | €1,751 | -€835 | -32.3% |
| Taxes, remuneration and social security | 45 | €80,198 | €69,341 | -€10,858 | -13.5% |
| Taxes | 450/3 | €80,198 | €69,341 | -€10,858 | -13.5% |
| Other amounts payable | 47/48 | €201,887 | €389,020 | +€187,133 | +92.7% |
| Accrued charges and deferred income | 492/3 | €960 | - | -€960 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €995 | €668 | -€326 | -32.8% |
| Other operating charges | 640/8 | €3,460 | €3,994 | +€533 | +15.4% |
| Gross operating margin | 9900 | €711,352 | €774,851 | +€63,499 | +8.9% |
| Operating profit (loss) | 9901 | €706,897 | €770,189 | +€63,292 | +9.0% |
| Financial income | 75/76B | €15,367 | €31,489 | +€16,123 | +104.9% |
| Recurring financial income | 75 | €15,367 | €31,489 | +€16,123 | +104.9% |
| Financial charges | 65/66B | -€139,239 | €3,131 | +€142,371 | |
| Recurring financial charges | 65 | -€139,239 | €3,131 | +€142,371 | |
| Profit (loss) for the period before taxes | 9903 | €861,503 | €798,547 | -€62,956 | -7.3% |
| Income taxes | 67/77 | €239,639 | €249,441 | +€9,802 | +4.1% |
| Profit (loss) for the period | 9904 | €621,864 | €549,106 | -€72,758 | -11.7% |
| Profit (loss) for the period to be appropriated | 9905 | €621,864 | €549,106 | -€72,758 | -11.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.