ORBIS: 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
ORBIS
NACE 46.900, Non-specialised wholesale trade
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.0m
2024 · €874,156+€149,674
Equity
€15.7m
2024 · €14.7m+€1.0m
Cash
€4.4m
2024 · €8.7m-€4.3m
Balance sheet total
€18.3m
2024 · €20.4m-€2.1m
Largest movements
Assets
- Cash -€4.3m
down €4.3m (-49.8%), from €8.7m to €4.4m
mainly Debts after one year (-€2.7m) and Receivables within one year (-€2.4m)
- Receivables within one year +€2.4m
up €2.4m (+43.4%), from €5.6m to €8.1m
of which Trade receivables: +€2.8m
- Stocks and contracts -€245,911
down €245,911 (-13.8%), from €1.8m to €1.5m
Equity and liabilities
- Debts after one year -€2.7m
down €2.7m (-100%), from €2.7m to €0
- Profit (loss) carried forward +€1.0m
up €1.0m (+7.7%), from €13.3m to €14.3m
- Trade debts -€227,707
down €227,707 (-8.5%), from €2.7m to €2.5m
- Tax, wage and social debts -€206,105
down €206,105 (-67.9%), from €303,711 to €97,606
of which Taxes: -€186,082
Income statement
- Turnover +€4.8m
up €4.8m (+27.0%), from €17.7m to €22.5m
- Goods and materials +€4.0m
up €4.0m (+29.0%), from €13.7m to €17.7m
of which Purchases: +€4.9m
- Write-downs +€337,337
up €337,337, from -€185,445 to €151,892
- Services and other goods +€281,140
up €281,140 (+13.3%), from €2.1m to €2.4m
- Financial charges -€266,713
down €266,713 (-60.0%), from €444,734 to €178,021
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
€874,156
Turnover
+€4.8m
Other operating income
-€7,987
Goods and materials
-€4.0m
Services and other goods
-€281,140
Staff costs
-€5,576
Depreciation
+€8,281
Write-downs
-€337,337
Other operating charges
-€389
Other operating items
-€291,898
Financial income
+€144,483
Financial charges
+€266,713
Taxes
-€159,929
Result 2025
€1.0m
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
-€1.5m
Investment
-€179,437
Financing
-€2.7m
Cash 2024
€8.7m
From operations (derived)
-€1.5m
Net result for the year
+€1.0m
Depreciation
+€123,774
Stocks and contracts
+€245,911
Receivables within one year
-€2.4m
Deferred charges and accrued income
+€10,394
Trade debts
-€227,707
Tax, wage and social debts
-€206,105
Other debts
-€4,056
Accrued charges and deferred income
-€6,875
Investment (derived)
-€179,437
Investment in fixed assets (net)
-€179,437
Financing
-€2.7m
Debts after one year
-€2.7m
Cash 2025
€4.4m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,395,509 | €18,315,136 | -€2.1m | -10.2% |
| Fixed assets | 21/28 | €399,542 | €455,205 | +€55,663 | +13.9% |
| Tangible fixed assets | 22/27 | €383,062 | €438,725 | +€55,663 | +14.5% |
| Plant, machinery and equipment | 23 | €116,902 | €432,498 | +€315,596 | +270% |
| Furniture and vehicles | 24 | €4,681 | €2,575 | -€2,106 | -45.0% |
| Other tangible fixed assets | 26 | €5,279 | €3,652 | -€1,627 | -30.8% |
| Assets under construction and advance payments | 27 | €256,200 | €0 | -€256,200 | -100% |
| Financial fixed assets | 28 | €16,480 | €16,480 | = | 0.0% |
| Other financial fixed assets | 284/8 | €16,480 | €16,480 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €16,480 | €16,480 | = | 0.0% |
| Current assets | 29/58 | €19,995,967 | €17,859,930 | -€2.1m | -10.7% |
| Amounts receivable after more than one year | 29 | €3,900,000 | €3,900,000 | = | 0.0% |
| Other amounts receivable | 291 | €3,900,000 | €3,900,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,776,118 | €1,530,207 | -€245,911 | -13.8% |
| Stocks | 30/36 | €1,776,118 | €1,530,207 | -€245,911 | -13.8% |
| Raw materials and consumables | 30/31 | €252,174 | €219,692 | -€32,482 | -12.9% |
| Finished goods | 33 | €603,939 | €297,634 | -€306,305 | -50.7% |
| Goods purchased for resale | 34 | €920,005 | €1,012,880 | +€92,876 | +10.1% |
| Amounts receivable within one year | 40/41 | €5,626,888 | €8,070,491 | +€2.4m | +43.4% |
| Trade receivables | 40 | €4,815,336 | €7,599,931 | +€2.8m | +57.8% |
| Other amounts receivable | 41 | €811,552 | €470,560 | -€340,991 | -42.0% |
| Cash at bank and in hand | 54/58 | €8,676,977 | €4,353,642 | -€4.3m | -49.8% |
| Deferred charges and accrued income | 490/1 | €15,985 | €5,591 | -€10,394 | -65.0% |
| Total equity and liabilities | 10/49 | €20,395,509 | €18,315,136 | -€2.1m | -10.2% |
| Equity | 10/15 | €14,723,422 | €15,747,252 | +€1.0m | +7.0% |
| Contributions | 10/11 | €258,429 | €258,429 | = | 0.0% |
| Capital | 10 | €258,429 | €258,429 | = | 0.0% |
| Issued capital | 100 | €258,429 | €258,429 | = | 0.0% |
| Reserves | 13 | €1,175,011 | €1,175,011 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,843 | €25,843 | = | 0.0% |
| Legal reserve | 130 | €25,843 | €25,843 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,149,168 | €1,149,168 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,289,982 | €14,313,812 | +€1.0m | +7.7% |
| Amounts payable | 17/49 | €5,672,088 | €2,567,883 | -€3.1m | -54.7% |
| Amounts payable after more than one year | 17 | €2,659,460 | €0 | -€2.7m | -100% |
| Financial debts | 170/4 | €2,659,460 | €0 | -€2.7m | -100% |
| Other loans | 174 | €2,659,460 | €0 | -€2.7m | -100% |
| Amounts payable within one year | 42/48 | €2,988,516 | €2,550,648 | -€437,869 | -14.7% |
| Trade debts | 44 | €2,680,749 | €2,453,042 | -€227,707 | -8.5% |
| Suppliers | 440/4 | €2,680,749 | €2,453,042 | -€227,707 | -8.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €303,711 | €97,606 | -€206,105 | -67.9% |
| Taxes | 450/3 | €186,082 | €0 | -€186,082 | -100% |
| Remuneration and social security | 454/9 | €117,629 | €97,606 | -€20,023 | -17.0% |
| Other amounts payable | 47/48 | €4,056 | €0 | -€4,056 | -100% |
| Accrued charges and deferred income | 492/3 | €24,111 | €17,236 | -€6,875 | -28.5% |
| Operating income | 70/76A | €17,715,000 | €22,203,260 | +€4.5m | +25.3% |
| Turnover | 70 | €17,717,735 | €22,505,881 | +€4.8m | +27.0% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€11,269 | -€306,305 | -€295,036 | -2,618% |
| Other operating income | 74 | €8,534 | €547 | -€7,987 | -93.6% |
| Non-recurring operating income | 76A | - | €3,138 | +€3,138 | |
| Operating charges | 60/66A | €16,519,624 | €21,109,478 | +€4.6m | +27.8% |
| Goods for resale, raw materials and consumables | 60 | €13,698,081 | €17,671,774 | +€4.0m | +29.0% |
| Purchases | 600/8 | €12,974,220 | €17,884,060 | +€4.9m | +37.8% |
| Change in stocks: decrease (increase) | 609 | €723,860 | -€212,286 | -€936,146 | |
| Services and other goods | 61 | €2,107,583 | €2,388,723 | +€281,140 | +13.3% |
| Remuneration, social security and pensions | 62 | €751,065 | €756,640 | +€5,576 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,055 | €123,774 | -€8,281 | -6.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€185,445 | €151,892 | +€337,337 | |
| Other operating charges | 640/8 | €16,286 | €16,675 | +€389 | +2.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Operating profit (loss) | 9901 | €1,195,376 | €1,093,782 | -€101,593 | -8.5% |
| Financial income | 75/76B | €359,881 | €504,364 | +€144,483 | +40.1% |
| Recurring financial income | 75 | €359,881 | €504,364 | +€144,483 | +40.1% |
| Income from current assets | 751 | €359,881 | €194,082 | -€165,799 | -46.1% |
| Other financial income | 752/9 | €0 | €310,282 | +€310,282 | |
| Financial charges | 65/66B | €444,734 | €178,021 | -€266,713 | -60.0% |
| Recurring financial charges | 65 | €444,734 | €178,021 | -€266,713 | -60.0% |
| Debt charges | 650 | €176,153 | €62,754 | -€113,399 | -64.4% |
| Other financial charges | 652/9 | €268,582 | €115,267 | -€153,315 | -57.1% |
| Profit (loss) for the period before taxes | 9903 | €1,110,523 | €1,420,125 | +€309,603 | +27.9% |
| Income taxes | 67/77 | €236,366 | €396,295 | +€159,929 | +67.7% |
| Taxes | 670/3 | €236,366 | €397,000 | +€160,634 | +68.0% |
| Tax adjustments and reversals of tax provisions | 77 | €0 | €705 | +€705 | |
| Profit (loss) for the period | 9904 | €874,156 | €1,023,831 | +€149,674 | +17.1% |
| Profit (loss) for the period to be appropriated | 9905 | €874,156 | €1,023,831 | +€149,674 | +17.1% |
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.