ORBIS MANAGEMENT SERVICES: what changed
Two fiscal 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 MANAGEMENT SERVICES
Largest movements
- Current investments -€18,000
down €18,000 (-100.0%), from €18,000 to €0
- Tangible fixed assets +€15,173
up €15,173 (+259.6%), from €5,844 to €21,017
- Receivables within one year -€14,728
down €14,728 (-37.1%), from €39,691 to €24,963
of which Trade receivables: -€7,408
- Reserves -€9,200
down €9,200 (-82.1%), from €11,200 to €2,000
- Other debts -€5,000
down €5,000 (-7.7%), from €65,000 to €60,000
- Profit (loss) carried forward -€1,264
down €1,264 (-99.5%), from €1,271 to €7
- Gross operating margin -€15,751
down €15,751 (-18.4%), from €85,774 to €70,024
- Taxes -€4,187
down €4,187 (-24.1%), from €17,383 to €13,196
- Depreciation +€4,031
up €4,031 (+173.8%), from €2,320 to €6,352
- Financial income -€1,112
down €1,112 (-73.4%), from €1,515 to €403
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.
Cash bridge derived
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 | €100,857 | €84,184 | -€16,674 | -16.5% |
| Fixed assets | 21/28 | €5,844 | €21,017 | +€15,173 | +259.6% |
| Tangible fixed assets | 22/27 | €5,844 | €21,017 | +€15,173 | +259.6% |
| Furniture and vehicles | 24 | €5,844 | €21,017 | +€15,173 | +259.6% |
| Current assets | 29/58 | €95,013 | €63,167 | -€31,846 | -33.5% |
| Amounts receivable within one year | 40/41 | €39,691 | €24,963 | -€14,728 | -37.1% |
| Trade receivables | 40 | €20,609 | €13,201 | -€7,408 | -35.9% |
| Other amounts receivable | 41 | €19,082 | €11,761 | -€7,320 | -38.4% |
| Current investments | 50/53 | €18,000 | €0 | -€18,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €36,187 | €37,042 | +€855 | +2.4% |
| Deferred charges and accrued income | 490/1 | €1,135 | €1,162 | +€26 | +2.3% |
| Total equity and liabilities | 10/49 | €100,857 | €84,184 | -€16,674 | -16.5% |
| Equity | 10/15 | €22,471 | €12,007 | -€10,464 | -46.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €11,200 | €2,000 | -€9,200 | -82.1% |
| Distributable reserves | 133 | €11,200 | €2,000 | -€9,200 | -82.1% |
| Profit (loss) carried forward | 14 | €1,271 | €7 | -€1,264 | -99.5% |
| Amounts payable | 17/49 | €78,386 | €72,177 | -€6,210 | -7.9% |
| Amounts payable within one year | 42/48 | €78,266 | €72,177 | -€6,090 | -7.8% |
| Trade debts | 44 | €3,321 | €2,329 | -€992 | -29.9% |
| Suppliers | 440/4 | €3,321 | €2,329 | -€992 | -29.9% |
| Taxes, remuneration and social security | 45 | €9,945 | €9,848 | -€98 | -1.0% |
| Taxes | 450/3 | €9,945 | €9,848 | -€98 | -1.0% |
| Other amounts payable | 47/48 | €65,000 | €60,000 | -€5,000 | -7.7% |
| Accrued charges and deferred income | 492/3 | €120 | €0 | -€120 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,320 | €6,352 | +€4,031 | +173.8% |
| Other operating charges | 640/8 | €1,167 | €1,188 | +€20 | +1.7% |
| Gross operating margin | 9900 | €85,774 | €70,024 | -€15,751 | -18.4% |
| Operating profit (loss) | 9901 | €82,287 | €62,484 | -€19,803 | -24.1% |
| Financial income | 75/76B | €1,515 | €403 | -€1,112 | -73.4% |
| Recurring financial income | 75 | €1,515 | €403 | -€1,112 | -73.4% |
| Financial charges | 65/66B | €267 | €155 | -€112 | -41.9% |
| Recurring financial charges | 65 | €267 | €155 | -€112 | -41.9% |
| Profit (loss) for the period before taxes | 9903 | €83,535 | €62,732 | -€20,803 | -24.9% |
| Income taxes | 67/77 | €17,383 | €13,196 | -€4,187 | -24.1% |
| Profit (loss) for the period | 9904 | €66,152 | €49,536 | -€16,616 | -25.1% |
| Profit (loss) for the period to be appropriated | 9905 | €66,152 | €49,536 | -€16,616 | -25.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.