Orbis Novare: 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 Novare
Largest movements
- Financial fixed assets -€1.2m
down €1.2m (-33.3%), from €3.6m to €2.4m
- Receivables within one year +€227,314
up €227,314 (+174%), from €130,360 to €357,674
- Debts after one year +€1.9m
up €1.9m (+197%), from €980,618 to €2.9m
- Other debts -€1.9m
down €1.9m (-99.6%), from €1.9m to €7,061
- Current portion of long-term debt -€800,000
no longer reported in 2025 (was €800,000)
- Profit (loss) carried forward -€218,398
down €218,398 (-563%), from -€38,808 to -€257,206
- Financial charges +€1.2m
up €1.2m (+279,212%), from €430 to €1.2m
of which Non-recurring financial charges: +€1.2m
- Gross operating margin +€1.0m
up €1.0m, from -€1,900 to €1.0m
- Other operating charges +€286,070
up €286,070 (+35,759%), from €800 to €286,870
- Write-downs -€254,875
new in 2025: -€254,875
- Taxes +€13,475
new in 2025: €13,475
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 | €3,747,622 | €2,776,952 | -€970,670 | -25.9% |
| Fixed assets | 21/28 | €3,617,250 | €2,417,250 | -€1.2m | -33.2% |
| Tangible fixed assets | 22/27 | €17,250 | €17,250 | = | 0.0% |
| Other tangible fixed assets | 26 | €17,250 | €17,250 | = | 0.0% |
| Financial fixed assets | 28 | €3,600,000 | €2,400,000 | -€1.2m | -33.3% |
| Current assets | 29/58 | €130,372 | €359,702 | +€229,330 | +176% |
| Amounts receivable within one year | 40/41 | €130,360 | €357,674 | +€227,314 | +174% |
| Other amounts receivable | 41 | €130,360 | €357,674 | +€227,314 | +174% |
| Cash at bank and in hand | 54/58 | €12 | €2,028 | +€2,016 | +17,249% |
| Total equity and liabilities | 10/49 | €3,747,622 | €2,776,952 | -€970,670 | -25.9% |
| Equity | 10/15 | €61,192 | -€157,206 | -€218,398 | |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€38,808 | -€257,206 | -€218,398 | -563% |
| Amounts payable | 17/49 | €3,686,430 | €2,934,157 | -€752,272 | -20.4% |
| Amounts payable after more than one year | 17 | €980,618 | €2,912,358 | +€1.9m | +197% |
| Other amounts payable | 178/9 | €980,618 | €2,912,358 | +€1.9m | +197% |
| Amounts payable within one year | 42/48 | €2,705,812 | €21,800 | -€2.7m | -99.2% |
| Current portion of amounts payable after more than one year | 42 | €800,000 | - | -€800,000 | |
| Trade debts | 44 | €19,000 | €1,264 | -€17,736 | -93.3% |
| Suppliers | 440/4 | €19,000 | €1,264 | -€17,736 | -93.3% |
| Taxes, remuneration and social security | 45 | €1,671 | €13,475 | +€11,803 | +706% |
| Taxes | 450/3 | €1,671 | €13,475 | +€11,803 | +706% |
| Other amounts payable | 47/48 | €1,885,141 | €7,061 | -€1.9m | -99.6% |
| Non-recurring operating income | 76A | - | €1,030,000 | +€1.0m | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€254,875 | -€254,875 | |
| Other operating charges | 640/8 | €800 | €286,870 | +€286,070 | +35,759% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | -€1,900 | €1,027,695 | +€1.0m | |
| Operating profit (loss) | 9901 | -€2,700 | €995,700 | +€998,400 | |
| Financial charges | 65/66B | €430 | €1,200,623 | +€1.2m | +279,212% |
| Recurring financial charges | 65 | €430 | €623 | +€193 | +45.0% |
| Non-recurring financial charges | 66B | - | €1,200,000 | +€1.2m | |
| Profit (loss) for the period before taxes | 9903 | -€3,130 | -€204,923 | -€201,793 | -6,447% |
| Income taxes | 67/77 | - | €13,475 | +€13,475 | |
| Profit (loss) for the period | 9904 | -€3,130 | -€218,398 | -€215,268 | -6,878% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,130 | -€218,398 | -€215,268 | -6,878% |
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 26 October 2026 via checked.be.