ORBAN WSP: 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.
ORBAN WSP
Largest movements
- Cash +€61,470
up €61,470 (+43.0%), from €142,981 to €204,452
mainly Depreciation (+€59,169) and Net result for the year (+€19,756)
- Tangible fixed assets -€54,648
down €54,648 (-20.2%), from €270,395 to €215,747
of which Other tangible fixed assets: -€30,236
- Receivables within one year -€4,950
down €4,950 (-10.6%), from €46,483 to €41,533
of which Other amounts receivable: -€3,125
- Profit (loss) carried forward +€19,756
up €19,756 (+21.1%), from €93,820 to €113,576
- Debts after one year -€19,205
no longer reported in 2025 (was €19,205)
- Trade debts +€9,337
up €9,337 (+5.9%), from €157,383 to €166,720
- Current portion of long-term debt -€6,149
down €6,149 (-24.3%), from €25,353 to €19,205
- Purchases and services +€158,759
up €158,759 (+21.9%), from €726,476 to €885,235
- Staff costs -€96,680
down €96,680 (-45.0%), from €214,733 to €118,053
- Gross operating margin -€93,217
down €93,217 (-30.6%), from €304,948 to €211,730
- Turnover +€40,542
up €40,542 (+3.8%), from €1.1m to €1.1m
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 | €469,097 | €470,969 | +€1,872 | +0.4% |
| Fixed assets | 21/28 | €278,095 | €223,447 | -€54,648 | -19.7% |
| Tangible fixed assets | 22/27 | €270,395 | €215,747 | -€54,648 | -20.2% |
| Plant, machinery and equipment | 23 | €6,934 | €3,280 | -€3,654 | -52.7% |
| Furniture and vehicles | 24 | €50,608 | €29,850 | -€20,758 | -41.0% |
| Other tangible fixed assets | 26 | €212,854 | €182,618 | -€30,236 | -14.2% |
| Financial fixed assets | 28 | €7,700 | €7,700 | = | 0.0% |
| Current assets | 29/58 | €191,001 | €247,522 | +€56,520 | +29.6% |
| Amounts receivable within one year | 40/41 | €46,483 | €41,533 | -€4,950 | -10.6% |
| Trade receivables | 40 | €1,825 | - | -€1,825 | |
| Other amounts receivable | 41 | €44,658 | €41,533 | -€3,125 | -7.0% |
| Cash at bank and in hand | 54/58 | €142,981 | €204,452 | +€61,470 | +43.0% |
| Deferred charges and accrued income | 490/1 | €1,537 | €1,537 | = | 0.0% |
| Total equity and liabilities | 10/49 | €469,097 | €470,969 | +€1,872 | +0.4% |
| Equity | 10/15 | €94,820 | €114,576 | +€19,756 | +20.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,820 | €113,576 | +€19,756 | +21.1% |
| Amounts payable | 17/49 | €374,277 | €356,393 | -€17,883 | -4.8% |
| Amounts payable after more than one year | 17 | €19,205 | - | -€19,205 | |
| Financial debts | 170/4 | €19,205 | - | -€19,205 | |
| Amounts payable within one year | 42/48 | €355,072 | €356,393 | +€1,321 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €25,353 | €19,205 | -€6,149 | -24.3% |
| Trade debts | 44 | €157,383 | €166,720 | +€9,337 | +5.9% |
| Suppliers | 440/4 | €157,383 | €166,720 | +€9,337 | +5.9% |
| Taxes, remuneration and social security | 45 | €27,336 | €25,469 | -€1,867 | -6.8% |
| Taxes | 450/3 | €7,039 | €14,531 | +€7,492 | +106% |
| Remuneration and social security | 454/9 | €20,297 | €10,937 | -€9,359 | -46.1% |
| Other amounts payable | 47/48 | €145,000 | €145,000 | = | 0.0% |
| Turnover | 70 | €1,056,424 | €1,096,965 | +€40,542 | +3.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €726,476 | €885,235 | +€158,759 | +21.9% |
| Remuneration, social security and pensions | 62 | €214,733 | €118,053 | -€96,680 | -45.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,987 | €59,169 | +€1,182 | +2.0% |
| Other operating charges | 640/8 | €1,345 | €1,468 | +€123 | +9.1% |
| Gross operating margin | 9900 | €304,948 | €211,730 | -€93,217 | -30.6% |
| Operating profit (loss) | 9901 | €30,883 | €33,041 | +€2,158 | +7.0% |
| Financial income | 75/76B | €256 | - | -€256 | |
| Recurring financial income | 75 | €256 | - | -€256 | |
| Financial charges | 65/66B | €5,777 | €5,585 | -€192 | -3.3% |
| Recurring financial charges | 65 | €5,777 | €5,585 | -€192 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €25,362 | €27,456 | +€2,094 | +8.3% |
| Income taxes | 67/77 | €8,617 | €7,700 | -€917 | -10.6% |
| Profit (loss) for the period | 9904 | €16,744 | €19,756 | +€3,011 | +18.0% |
| Profit (loss) for the period to be appropriated | 9905 | €16,744 | €19,756 | +€3,011 | +18.0% |
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.