Orava: 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.
Orava
Largest movements
- Cash -€137,276
down €137,276 (-94.6%), from €145,174 to €7,898
mainly Net result for the year (-€409,745) and Trade debts (-€193,463)
- Deferred charges and accrued income -€101,607
down €101,607 (-97.1%), from €104,600 to €2,993
- Receivables within one year -€35,169
down €35,169 (-64.3%), from €54,673 to €19,505
of which Other amounts receivable: -€34,169
- Tangible fixed assets -€30,791
down €30,791 (-2.8%), from €1.1m to €1.1m
of which Land and buildings: -€19,288
- Profit (loss) carried forward -€409,745
down €409,745 (-29.1%), from -€1.4m to -€1.8m
- Other debts +€260,000
new in 2025: €260,000
- Trade debts -€193,463
down €193,463 (-81.6%), from €237,210 to €43,747
- Debts after one year +€27,032
up €27,032 (+5.0%), from €540,646 to €567,679
- Gross operating margin -€353,004
down €353,004, from €329,487 to -€23,517
- Staff costs +€79,186
up €79,186 (+75.5%), from €104,829 to €184,015
- Financial charges +€20,049
up €20,049 (+67.4%), from €29,750 to €49,799
- Other operating charges +€15,811
up €15,811 (+35.1%), from €45,086 to €60,897
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 | €1,395,625 | €1,090,782 | -€304,842 | -21.8% |
| Fixed assets | 21/28 | €1,091,178 | €1,060,387 | -€30,791 | -2.8% |
| Tangible fixed assets | 22/27 | €1,090,973 | €1,060,182 | -€30,791 | -2.8% |
| Land and buildings | 22 | €1,038,449 | €1,019,161 | -€19,288 | -1.9% |
| Plant, machinery and equipment | 23 | €18,212 | €14,348 | -€3,864 | -21.2% |
| Furniture and vehicles | 24 | €34,313 | €26,673 | -€7,640 | -22.3% |
| Financial fixed assets | 28 | €205 | €205 | = | 0.0% |
| Current assets | 29/58 | €304,446 | €30,396 | -€274,051 | -90.0% |
| Amounts receivable within one year | 40/41 | €54,673 | €19,505 | -€35,169 | -64.3% |
| Trade receivables | 40 | €1,000 | - | -€1,000 | |
| Other amounts receivable | 41 | €53,673 | €19,505 | -€34,169 | -63.7% |
| Cash at bank and in hand | 54/58 | €145,174 | €7,898 | -€137,276 | -94.6% |
| Deferred charges and accrued income | 490/1 | €104,600 | €2,993 | -€101,607 | -97.1% |
| Total equity and liabilities | 10/49 | €1,395,625 | €1,090,782 | -€304,842 | -21.8% |
| Equity | 10/15 | €593,781 | €184,036 | -€409,745 | -69.0% |
| Contributions | 10/11 | €2,000,000 | €2,000,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,406,219 | -€1,815,964 | -€409,745 | -29.1% |
| Amounts payable | 17/49 | €801,843 | €906,747 | +€104,903 | +13.1% |
| Amounts payable after more than one year | 17 | €540,646 | €567,679 | +€27,032 | +5.0% |
| Financial debts | 170/4 | €540,646 | €567,679 | +€27,032 | +5.0% |
| Amounts payable within one year | 42/48 | €261,197 | €339,068 | +€77,871 | +29.8% |
| Trade debts | 44 | €237,210 | €43,747 | -€193,463 | -81.6% |
| Suppliers | 440/4 | €237,210 | €43,747 | -€193,463 | -81.6% |
| Taxes, remuneration and social security | 45 | €23,987 | €35,321 | +€11,333 | +47.2% |
| Taxes | 450/3 | €583 | €1,238 | +€655 | +112% |
| Remuneration and social security | 454/9 | €23,404 | €34,082 | +€10,679 | +45.6% |
| Other amounts payable | 47/48 | - | €260,000 | +€260,000 | |
| Non-recurring operating income | 76A | €425,510 | - | -€425,510 | |
| Remuneration, social security and pensions | 62 | €104,829 | €184,015 | +€79,186 | +75.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €90,559 | €91,517 | +€958 | +1.1% |
| Other operating charges | 640/8 | €45,086 | €60,897 | +€15,811 | +35.1% |
| Non-recurring operating charges | 66A | €14,034 | - | -€14,034 | |
| Gross operating margin | 9900 | €329,487 | -€23,517 | -€353,004 | |
| Operating profit (loss) | 9901 | €74,978 | -€359,947 | -€434,925 | |
| Financial charges | 65/66B | €29,750 | €49,799 | +€20,049 | +67.4% |
| Recurring financial charges | 65 | €29,750 | €49,799 | +€20,049 | +67.4% |
| Profit (loss) for the period before taxes | 9903 | €45,228 | -€409,745 | -€454,974 | |
| Profit (loss) for the period | 9904 | €45,228 | -€409,745 | -€454,974 | |
| Profit (loss) for the period to be appropriated | 9905 | €45,228 | -€409,745 | -€454,974 |
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.