ORBIS CAPITAL: 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.
ORBIS CAPITAL
Largest movements
- Tangible fixed assets -€40,195
down €40,195 (-4.2%), from €950,740 to €910,545
of which Other tangible fixed assets: -€36,479
- Receivables within one year -€36,540
down €36,540 (-3.7%), from €980,616 to €944,076
of which Trade receivables: -€37,740
- Cash +€21,160
up €21,160 (+41.9%), from €50,447 to €71,607
mainly Other debts (+€94,718) and Depreciation (+€42,093)
- Other debts +€94,718
up €94,718 (+58.1%), from €162,918 to €257,637
- Trade debts -€85,739
down €85,739 (-8.1%), from €1.1m to €979,169
- Profit (loss) carried forward -€58,288
down €58,288 (-253%), from -€23,006 to -€81,294
- Gross operating margin -€96,374
down €96,374, from €81,105 to -€15,269
- Depreciation +€13,892
up €13,892 (+49.3%), from €28,201 to €42,093
- Taxes -€7,980
no longer reported in 2025 (was €7,980)
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 | €1,981,803 | €1,926,227 | -€55,575 | -2.8% |
| Fixed assets | 21/28 | €950,740 | €910,545 | -€40,195 | -4.2% |
| Tangible fixed assets | 22/27 | €950,740 | €910,545 | -€40,195 | -4.2% |
| Land and buildings | 22 | €787,776 | €784,060 | -€3,716 | -0.5% |
| Other tangible fixed assets | 26 | €162,964 | €126,484 | -€36,479 | -22.4% |
| Current assets | 29/58 | €1,031,063 | €1,015,682 | -€15,380 | -1.5% |
| Amounts receivable within one year | 40/41 | €980,616 | €944,076 | -€36,540 | -3.7% |
| Trade receivables | 40 | €980,616 | €942,876 | -€37,740 | -3.8% |
| Other amounts receivable | 41 | - | €1,200 | +€1,200 | |
| Cash at bank and in hand | 54/58 | €50,447 | €71,607 | +€21,160 | +41.9% |
| Total equity and liabilities | 10/49 | €1,981,803 | €1,926,227 | -€55,575 | -2.8% |
| Equity | 10/15 | €745,987 | €687,698 | -€58,288 | -7.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | - | -€18,592 | |
| Issued capital | 100 | €18,592 | - | -€18,592 | |
| Contributions outside capital | 11 | - | €18,592 | +€18,592 | |
| Share premium | 1100/10 | - | €18,592 | +€18,592 | |
| Revaluation surpluses | 12 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €401 | €401 | = | 0.0% |
| Non-distributable reserves | 130/1 | €401 | €401 | = | 0.0% |
| Legal reserve | 130 | €401 | €401 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,006 | -€81,294 | -€58,288 | -253% |
| Amounts payable | 17/49 | €1,235,816 | €1,238,529 | +€2,713 | +0.2% |
| Amounts payable within one year | 42/48 | €1,235,816 | €1,238,529 | +€2,713 | +0.2% |
| Trade debts | 44 | €1,064,907 | €979,169 | -€85,739 | -8.1% |
| Suppliers | 440/4 | €1,064,907 | €979,169 | -€85,739 | -8.1% |
| Taxes, remuneration and social security | 45 | €7,990 | €1,724 | -€6,267 | -78.4% |
| Taxes | 450/3 | €7,990 | €1,724 | -€6,267 | -78.4% |
| Other amounts payable | 47/48 | €162,918 | €257,637 | +€94,718 | +58.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,201 | €42,093 | +€13,892 | +49.3% |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | €81,105 | -€15,269 | -€96,374 | |
| Operating profit (loss) | 9901 | €52,903 | -€57,750 | -€110,653 | |
| Financial charges | 65/66B | €167 | €539 | +€371 | +222% |
| Recurring financial charges | 65 | €167 | €539 | +€371 | +222% |
| Profit (loss) for the period before taxes | 9903 | €52,736 | -€58,288 | -€111,024 | |
| Income taxes | 67/77 | €7,980 | - | -€7,980 | |
| Profit (loss) for the period | 9904 | €44,756 | -€58,288 | -€103,044 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,756 | -€58,288 | -€103,044 |
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.