Orbis Risk Partners: 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 Risk Partners
Largest movements
- Cash +€967,923
up €967,923 (+59.8%), from €1.6m to €2.6m
mainly Other debts (+€999,182) and Trade debts (+€406,944)
- Receivables within one year -€207,071
down €207,071 (-11.8%), from €1.8m to €1.6m
of which Other amounts receivable: -€157,760
- Tangible fixed assets +€123,251
up €123,251 (+51.7%), from €238,388 to €361,639
of which Furniture and vehicles: +€63,097
- Deferred charges and accrued income +€48,245
up €48,245 (+236%), from €20,439 to €68,684
- Other debts +€999,182
up €999,182 (+49.8%), from €2.0m to €3.0m
- Trade debts +€406,944
up €406,944 (+850%), from €47,901 to €454,846
- Tax, wage and social debts -€226,964
down €226,964 (-52.6%), from €431,552 to €204,588
of which Taxes: -€236,875
- Accrued charges and deferred income -€175,313
down €175,313 (-51.5%), from €340,477 to €165,164
- Reserves -€145,860
down €145,860 (-18.6%), from €784,299 to €638,439
of which Distributable reserves: -€145,860
- Taxes -€221,783
down €221,783 (-71.8%), from €308,967 to €87,183
- Gross operating margin -€221,745
down €221,745 (-13.1%), from €1.7m to €1.5m
- Financial charges +€139,438
up €139,438 (+1,518%), from €9,186 to €148,624
- Staff costs +€131,038
up €131,038 (+15.9%), from €822,327 to €953,365
- Financial income -€57,719
down €57,719 (-79.6%), from €72,494 to €14,775
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 | €3,721,223 | €4,645,620 | +€924,397 | +24.8% |
| Fixed assets | 21/28 | €271,300 | €386,600 | +€115,300 | +42.5% |
| Intangible fixed assets | 21 | €32,882 | €24,931 | -€7,951 | -24.2% |
| Tangible fixed assets | 22/27 | €238,388 | €361,639 | +€123,251 | +51.7% |
| Plant, machinery and equipment | 23 | €1,462 | €37,813 | +€36,351 | +2,486% |
| Furniture and vehicles | 24 | €91,826 | €154,923 | +€63,097 | +68.7% |
| Other tangible fixed assets | 26 | €145,100 | €168,903 | +€23,803 | +16.4% |
| Financial fixed assets | 28 | €29 | €29 | = | 0.0% |
| Current assets | 29/58 | €3,449,923 | €4,259,020 | +€809,097 | +23.5% |
| Amounts receivable after more than one year | 29 | €53,154 | €53,154 | = | 0.0% |
| Other amounts receivable | 291 | €53,154 | €53,154 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,758,648 | €1,551,577 | -€207,071 | -11.8% |
| Trade receivables | 40 | €508,146 | €458,835 | -€49,311 | -9.7% |
| Other amounts receivable | 41 | €1,250,502 | €1,092,742 | -€157,760 | -12.6% |
| Cash at bank and in hand | 54/58 | €1,617,682 | €2,585,605 | +€967,923 | +59.8% |
| Deferred charges and accrued income | 490/1 | €20,439 | €68,684 | +€48,245 | +236% |
| Total equity and liabilities | 10/49 | €3,721,223 | €4,645,620 | +€924,397 | +24.8% |
| Equity | 10/15 | €846,299 | €700,439 | -€145,860 | -17.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €784,299 | €638,439 | -€145,860 | -18.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €778,099 | €632,239 | -€145,860 | -18.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €2,874,924 | €3,945,181 | +€1.1m | +37.2% |
| Amounts payable after more than one year | 17 | €41,405 | €84,848 | +€43,443 | +105% |
| Financial debts | 170/4 | €41,405 | €84,848 | +€43,443 | +105% |
| Amounts payable within one year | 42/48 | €2,493,041 | €3,695,169 | +€1.2m | +48.2% |
| Current portion of amounts payable after more than one year | 42 | €8,642 | €31,607 | +€22,965 | +266% |
| Trade debts | 44 | €47,901 | €454,846 | +€406,944 | +850% |
| Suppliers | 440/4 | €47,901 | €454,846 | +€406,944 | +850% |
| Taxes, remuneration and social security | 45 | €431,552 | €204,588 | -€226,964 | -52.6% |
| Taxes | 450/3 | €354,878 | €118,002 | -€236,875 | -66.7% |
| Remuneration and social security | 454/9 | €76,674 | €86,585 | +€9,911 | +12.9% |
| Other amounts payable | 47/48 | €2,004,947 | €3,004,129 | +€999,182 | +49.8% |
| Accrued charges and deferred income | 492/3 | €340,477 | €165,164 | -€175,313 | -51.5% |
| Non-recurring operating income | 76A | €290 | €2,009 | +€1,719 | +592% |
| Remuneration, social security and pensions | 62 | €822,327 | €953,365 | +€131,038 | +15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,580 | €71,741 | +€15,161 | +26.8% |
| Other operating charges | 640/8 | €80,816 | €110,809 | +€29,993 | +37.1% |
| Gross operating margin | 9900 | €1,692,884 | €1,471,140 | -€221,745 | -13.1% |
| Operating profit (loss) | 9901 | €733,161 | €335,225 | -€397,936 | -54.3% |
| Financial income | 75/76B | €72,494 | €14,775 | -€57,719 | -79.6% |
| Recurring financial income | 75 | €72,494 | €14,775 | -€57,719 | -79.6% |
| Financial charges | 65/66B | €9,186 | €148,624 | +€139,438 | +1,518% |
| Recurring financial charges | 65 | €9,186 | €148,624 | +€139,438 | +1,518% |
| Profit (loss) for the period before taxes | 9903 | €796,469 | €201,376 | -€595,094 | -74.7% |
| Income taxes | 67/77 | €308,967 | €87,183 | -€221,783 | -71.8% |
| Profit (loss) for the period | 9904 | €487,503 | €114,193 | -€373,310 | -76.6% |
| Profit (loss) for the period to be appropriated | 9905 | €487,503 | €114,193 | -€373,310 | -76.6% |
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.