ORATA: 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.
ORATA
Largest movements
- Stocks and contracts +€122,375
up €122,375 (+74.0%), from €165,403 to €287,778
- Receivables within one year -€47,226
down €47,226 (-100.0%), from €47,226 to €0
of which Trade receivables: -€42,668
- Cash -€5,105
down €5,105 (-48.7%), from €10,480 to €5,375
mainly Stocks and contracts (-€122,375) and Net result for the year (-€63,338)
- Other debts +€89,496
up €89,496 (+57.2%), from €156,420 to €245,915
- Profit (loss) carried forward -€63,338
down €63,338 (-51.5%), from -€123,069 to -€186,407
- Debts after one year +€62,000
up €62,000 (+49.6%), from €125,000 to €187,000
of which Financial debts: +€187,000
- Trade debts -€21,917
down €21,917 (-46.2%), from €47,431 to €25,514
- Gross operating margin +€40,128
up €40,128 (+42.9%), from -€93,528 to -€53,400
- Financial charges +€1,123
up €1,123 (+40.1%), from €2,805 to €3,928
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 | €252,229 | €320,601 | +€68,373 | +27.1% |
| Fixed assets | 21/28 | €17,326 | €15,646 | -€1,679 | -9.7% |
| Tangible fixed assets | 22/27 | €17,326 | €15,646 | -€1,679 | -9.7% |
| Plant, machinery and equipment | 23 | €385 | €259 | -€126 | -32.8% |
| Furniture and vehicles | 24 | €16,941 | €12,493 | -€4,448 | -26.3% |
| Other tangible fixed assets | 26 | - | €2,895 | +€2,895 | |
| Current assets | 29/58 | €234,903 | €304,955 | +€70,052 | +29.8% |
| Stocks and contracts in progress | 3 | €165,403 | €287,778 | +€122,375 | +74.0% |
| Stocks | 30/36 | €165,403 | €287,778 | +€122,375 | +74.0% |
| Amounts receivable within one year | 40/41 | €47,226 | €0 | -€47,226 | -100.0% |
| Trade receivables | 40 | €42,668 | €0 | -€42,668 | -100.0% |
| Other amounts receivable | 41 | €4,558 | €0 | -€4,558 | -100.0% |
| Current investments | 50/53 | €8,276 | €8,333 | +€57 | +0.7% |
| Cash at bank and in hand | 54/58 | €10,480 | €5,375 | -€5,105 | -48.7% |
| Deferred charges and accrued income | 490/1 | €3,518 | €3,469 | -€48 | -1.4% |
| Total equity and liabilities | 10/49 | €252,229 | €320,601 | +€68,373 | +27.1% |
| Equity | 10/15 | -€79,407 | -€142,745 | -€63,338 | -79.8% |
| Contributions | 10/11 | €6,950 | €6,950 | = | 0.0% |
| Reserves | 13 | €36,712 | €36,712 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,071 | €4,071 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,071 | €4,071 | = | 0.0% |
| Distributable reserves | 133 | €32,641 | €32,641 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€123,069 | -€186,407 | -€63,338 | -51.5% |
| Amounts payable | 17/49 | €331,636 | €463,346 | +€131,710 | +39.7% |
| Amounts payable after more than one year | 17 | €125,000 | €187,000 | +€62,000 | +49.6% |
| Financial debts | 170/4 | - | €187,000 | +€187,000 | |
| Other amounts payable | 178/9 | €125,000 | - | -€125,000 | |
| Amounts payable within one year | 42/48 | €203,851 | €272,583 | +€68,732 | +33.7% |
| Trade debts | 44 | €47,431 | €25,514 | -€21,917 | -46.2% |
| Suppliers | 440/4 | €47,431 | €25,514 | -€21,917 | -46.2% |
| Taxes, remuneration and social security | 45 | - | €1,153 | +€1,153 | |
| Taxes | 450/3 | - | €1,153 | +€1,153 | |
| Other amounts payable | 47/48 | €156,420 | €245,915 | +€89,496 | +57.2% |
| Accrued charges and deferred income | 492/3 | €2,785 | €3,764 | +€979 | +35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,279 | €4,869 | +€590 | +13.8% |
| Other operating charges | 640/8 | €1,792 | €1,231 | -€561 | -31.3% |
| Gross operating margin | 9900 | -€93,528 | -€53,400 | +€40,128 | +42.9% |
| Operating profit (loss) | 9901 | -€99,599 | -€59,500 | +€40,100 | +40.3% |
| Financial income | 75/76B | €26 | €90 | +€63 | +240.5% |
| Recurring financial income | 75 | €26 | €90 | +€63 | +240.5% |
| Financial charges | 65/66B | €2,805 | €3,928 | +€1,123 | +40.1% |
| Recurring financial charges | 65 | €2,805 | €3,928 | +€1,123 | +40.1% |
| Profit (loss) for the period before taxes | 9903 | -€102,378 | -€63,338 | +€39,040 | +38.1% |
| Profit (loss) for the period | 9904 | -€102,378 | -€63,338 | +€39,040 | +38.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€102,378 | -€63,338 | +€39,040 | +38.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.