ORANGERIE: 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.
ORANGERIE
Largest movements
- Receivables after one year -€42,000
down €42,000 (-16.7%), from €252,000 to €210,000
- Tangible fixed assets -€38,715
down €38,715 (-14.0%), from €275,802 to €237,087
- Receivables within one year -€23,002
down €23,002 (-9.7%), from €236,680 to €213,678
- Cash +€18,878
up €18,878 (+85.9%), from €21,982 to €40,860
mainly Net result for the year (+€157,116) and Receivables after one year (+€42,000)
- Current portion of long-term debt -€51,802
down €51,802 (-91.1%), from €56,879 to €5,077
- Other debts -€19,575
down €19,575 (-9.4%), from €207,313 to €187,738
- Reserves -€12,884
down €12,884 (-3.2%), from €401,616 to €388,732
of which Distributable reserves: -€12,884
- Gross operating margin +€9,248
up €9,248 (+3.9%), from €235,422 to €244,670
- Depreciation -€5,428
down €5,428 (-12.3%), from €44,143 to €38,715
- Taxes +€4,076
up €4,076 (+8.4%), from €48,322 to €52,398
- Other operating charges -€2,603
down €2,603 (-20.5%), from €12,671 to €10,068
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 | €791,235 | €705,960 | -€85,275 | -10.8% |
| Fixed assets | 21/28 | €275,802 | €237,087 | -€38,715 | -14.0% |
| Tangible fixed assets | 22/27 | €275,802 | €237,087 | -€38,715 | -14.0% |
| Land and buildings | 22 | €275,802 | €237,087 | -€38,715 | -14.0% |
| Current assets | 29/58 | €515,433 | €468,873 | -€46,560 | -9.0% |
| Amounts receivable after more than one year | 29 | €252,000 | €210,000 | -€42,000 | -16.7% |
| Other amounts receivable | 291 | €252,000 | €210,000 | -€42,000 | -16.7% |
| Amounts receivable within one year | 40/41 | €236,680 | €213,678 | -€23,002 | -9.7% |
| Other amounts receivable | 41 | €236,680 | €213,678 | -€23,002 | -9.7% |
| Cash at bank and in hand | 54/58 | €21,982 | €40,860 | +€18,878 | +85.9% |
| Deferred charges and accrued income | 490/1 | €4,772 | €4,336 | -€436 | -9.1% |
| Total equity and liabilities | 10/49 | €791,235 | €705,960 | -€85,275 | -10.8% |
| Equity | 10/15 | €500,773 | €487,890 | -€12,884 | -2.6% |
| Contributions | 10/11 | €99,157 | €99,157 | = | 0.0% |
| Capital | 10 | €99,157 | €99,157 | = | 0.0% |
| Issued capital | 100 | €99,157 | €99,157 | = | 0.0% |
| Reserves | 13 | €401,616 | €388,732 | -€12,884 | -3.2% |
| Non-distributable reserves | 130/1 | €9,916 | €9,916 | = | 0.0% |
| Legal reserve | 130 | €9,916 | €9,916 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,966 | €3,966 | = | 0.0% |
| Distributable reserves | 133 | €387,734 | €374,850 | -€12,884 | -3.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €290,462 | €218,070 | -€72,392 | -24.9% |
| Amounts payable after more than one year | 17 | €5,077 | €0 | -€5,077 | -100.0% |
| Financial debts | 170/4 | €5,077 | €0 | -€5,077 | -100.0% |
| Amounts payable within one year | 42/48 | €264,318 | €196,769 | -€67,549 | -25.6% |
| Current portion of amounts payable after more than one year | 42 | €56,879 | €5,077 | -€51,802 | -91.1% |
| Trade debts | 44 | €126 | €1,556 | +€1,430 | +1134.9% |
| Suppliers | 440/4 | €126 | €1,556 | +€1,430 | +1134.9% |
| Taxes, remuneration and social security | 45 | - | €2,398 | +€2,398 | |
| Taxes | 450/3 | - | €2,398 | +€2,398 | |
| Other amounts payable | 47/48 | €207,313 | €187,738 | -€19,575 | -9.4% |
| Accrued charges and deferred income | 492/3 | €21,067 | €21,301 | +€234 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,143 | €38,715 | -€5,428 | -12.3% |
| Other operating charges | 640/8 | €12,671 | €10,068 | -€2,603 | -20.5% |
| Gross operating margin | 9900 | €235,422 | €244,670 | +€9,248 | +3.9% |
| Operating profit (loss) | 9901 | €178,608 | €195,887 | +€17,279 | +9.7% |
| Financial income | 75/76B | €16,112 | €14,258 | -€1,854 | -11.5% |
| Recurring financial income | 75 | €16,112 | €14,258 | -€1,854 | -11.5% |
| Financial charges | 65/66B | €1,431 | €630 | -€801 | -55.9% |
| Recurring financial charges | 65 | €1,431 | €630 | -€801 | -55.9% |
| Profit (loss) for the period before taxes | 9903 | €193,289 | €209,515 | +€16,226 | +8.4% |
| Income taxes | 67/77 | €48,322 | €52,398 | +€4,076 | +8.4% |
| Profit (loss) for the period | 9904 | €144,967 | €157,116 | +€12,150 | +8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €144,967 | €157,116 | +€12,150 | +8.4% |
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 12 October 2026 via checked.be.