ORBAN 45: 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.
What changed
ORBAN 45
NACE 63.100, Computing infrastructure, data processing, hosting and related activities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€5,331
2024 · €926+€4,405
Equity
€82,406
2024 · €77,075+€5,331
Cash
€6,238
2024 · €11,636-€5,399
Balance sheet total
€869,421
2024 · €898,190-€28,769
Largest movements
Assets
- Tangible fixed assets -€19,397
down €19,397 (-2.7%), from €730,744 to €711,347
of which Land and buildings: -€25,939
Equity and liabilities
- Debts after one year -€64,562
down €64,562 (-10.5%), from €613,041 to €548,479
- Short-term financial debts +€13,671
up €13,671 (+43.6%), from €31,329 to €45,000
- Accrued charges and deferred income +€9,724
up €9,724 (+2,522%), from €386 to €10,110
Income statement
- Purchases and services +€28,263
up €28,263 (+16.6%), from €170,304 to €198,567
- Gross operating margin -€28,061
down €28,061 (-18.7%), from €150,456 to €122,395
- Staff costs -€24,208
down €24,208 (-36.7%), from €65,948 to €41,740
- Financial charges -€6,859
down €6,859 (-16.7%), from €41,075 to €34,217
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.
Result 2024
€926
Gross operating margin
-€28,061
Staff costs
+€24,208
Depreciation
+€644
Other operating charges
-€452
Other operating items
+€2,264
Financial income
+€26
Financial charges
+€6,859
Taxes
-€1,083
Result 2025
€5,331
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€60,644
Investment
-€23,191
Financing
-€42,852
Cash 2024
€11,636
From operations (derived)
+€60,644
Net result for the year
+€5,331
Depreciation
+€42,588
Stocks and contracts
+€2,920
Receivables within one year
+€7,630
Deferred charges and accrued income
-€6,577
Trade debts
-€6,168
Tax, wage and social debts
-€2,281
Other debts
+€7,477
Accrued charges and deferred income
+€9,724
Investment (derived)
-€23,191
Investment in fixed assets (net)
-€23,191
Financing
-€42,852
Debts after one year
-€64,562
Current portion of long-term debt
+€8,039
Short-term financial debts
+€13,671
Cash 2025
€6,238
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €898,190 | €869,421 | -€28,769 | -3.2% |
| Fixed assets | 21/28 | €760,093 | €740,695 | -€19,397 | -2.6% |
| Tangible fixed assets | 22/27 | €730,744 | €711,347 | -€19,397 | -2.7% |
| Land and buildings | 22 | €683,031 | €657,092 | -€25,939 | -3.8% |
| Plant, machinery and equipment | 23 | €34,065 | €23,992 | -€10,073 | -29.6% |
| Furniture and vehicles | 24 | €13,648 | €30,263 | +€16,615 | +122% |
| Financial fixed assets | 28 | €29,349 | €29,349 | = | 0.0% |
| Current assets | 29/58 | €138,097 | €128,725 | -€9,372 | -6.8% |
| Stocks and contracts in progress | 3 | €4,758 | €1,838 | -€2,920 | -61.4% |
| Stocks | 30/36 | €4,758 | €1,838 | -€2,920 | -61.4% |
| Amounts receivable within one year | 40/41 | €104,305 | €96,674 | -€7,630 | -7.3% |
| Trade receivables | 40 | €85,631 | €79,404 | -€6,227 | -7.3% |
| Other amounts receivable | 41 | €18,674 | €17,271 | -€1,403 | -7.5% |
| Cash at bank and in hand | 54/58 | €11,636 | €6,238 | -€5,399 | -46.4% |
| Deferred charges and accrued income | 490/1 | €17,398 | €23,975 | +€6,577 | +37.8% |
| Total equity and liabilities | 10/49 | €898,190 | €869,421 | -€28,769 | -3.2% |
| Equity | 10/15 | €77,075 | €82,406 | +€5,331 | +6.9% |
| Contributions | 10/11 | €13,673 | €13,673 | = | 0.0% |
| Reserves | 13 | €1,367 | €1,367 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,367 | €1,367 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,367 | €1,367 | = | 0.0% |
| Profit (loss) carried forward | 14 | €62,035 | €67,366 | +€5,331 | +8.6% |
| Amounts payable | 17/49 | €821,115 | €787,015 | -€34,100 | -4.2% |
| Amounts payable after more than one year | 17 | €613,041 | €548,479 | -€64,562 | -10.5% |
| Financial debts | 170/4 | €613,041 | €548,479 | -€64,562 | -10.5% |
| Amounts payable within one year | 42/48 | €207,688 | €228,426 | +€20,737 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €78,595 | €86,634 | +€8,039 | +10.2% |
| Financial debts | 43 | €31,329 | €45,000 | +€13,671 | +43.6% |
| Credit institutions | 430/8 | €31,329 | €45,000 | +€13,671 | +43.6% |
| Trade debts | 44 | €18,039 | €11,871 | -€6,168 | -34.2% |
| Suppliers | 440/4 | €18,039 | €11,871 | -€6,168 | -34.2% |
| Taxes, remuneration and social security | 45 | €24,278 | €21,996 | -€2,281 | -9.4% |
| Taxes | 450/3 | €17,479 | €16,369 | -€1,110 | -6.3% |
| Remuneration and social security | 454/9 | €6,799 | €5,627 | -€1,171 | -17.2% |
| Other amounts payable | 47/48 | €55,447 | €62,924 | +€7,477 | +13.5% |
| Accrued charges and deferred income | 492/3 | €386 | €10,110 | +€9,724 | +2,522% |
| Turnover | 70 | €287,290 | €286,492 | -€799 | -0.3% |
| Non-recurring operating income | 76A | - | €4,968 | +€4,968 | |
| Goods, raw materials, services and sundry goods | 60/61 | €170,304 | €198,567 | +€28,263 | +16.6% |
| Remuneration, social security and pensions | 62 | €65,948 | €41,740 | -€24,208 | -36.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,232 | €42,588 | -€644 | -1.5% |
| Other operating charges | 640/8 | €5,599 | €6,050 | +€452 | +8.1% |
| Non-recurring operating charges | 66A | €2,264 | - | -€2,264 | |
| Gross operating margin | 9900 | €150,456 | €122,395 | -€28,061 | -18.7% |
| Operating profit (loss) | 9901 | €33,413 | €32,017 | -€1,396 | -4.2% |
| Financial income | 75/76B | €8,809 | €8,835 | +€26 | +0.3% |
| Recurring financial income | 75 | €8,809 | €8,835 | +€26 | +0.3% |
| Financial charges | 65/66B | €41,075 | €34,217 | -€6,859 | -16.7% |
| Recurring financial charges | 65 | €41,075 | €34,217 | -€6,859 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €1,147 | €6,636 | +€5,488 | +478% |
| Income taxes | 67/77 | €221 | €1,305 | +€1,083 | +489% |
| Profit (loss) for the period | 9904 | €926 | €5,331 | +€4,405 | +476% |
| Profit (loss) for the period to be appropriated | 9905 | €926 | €5,331 | +€4,405 | +476% |
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 25 October 2026 via checked.be.