ORBIT: 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.
ORBIT
Largest movements
- Cash +€143,128
up €143,128 (+34.4%), from €415,728 to €558,856
- Receivables within one year -€27,509
down €27,509 (-27.5%), from €100,122 to €72,613
of which Other amounts receivable: -€27,200
- Reserves +€79,865
up €79,865 (+57.8%), from €138,065 to €217,930
- Profit (loss) carried forward +€49,239
up €49,239 (+65.2%), from €75,567 to €124,806
- Gross operating margin -€175,109
down €175,109 (-25.0%), from €700,285 to €525,176
- Staff costs -€70,270
down €70,270 (-11.9%), from €592,383 to €522,113
- Other operating charges -€14,368
down €14,368 (-95.3%), from €15,077 to €709
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €552,261 | €671,908 | +€119,647 | +21.7% |
| Fixed assets | 21/28 | €27,165 | €31,514 | +€4,349 | +16.0% |
| Tangible fixed assets | 22/27 | €2,165 | €6,514 | +€4,349 | +200.9% |
| Plant, machinery and equipment | 23 | €922 | €5,815 | +€4,892 | +530.4% |
| Furniture and vehicles | 24 | €1,242 | €699 | -€543 | -43.7% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €525,096 | €640,394 | +€115,298 | +22.0% |
| Stocks and contracts in progress | 3 | €6,863 | €1,496 | -€5,367 | -78.2% |
| Stocks | 30/36 | €6,863 | €1,496 | -€5,367 | -78.2% |
| Amounts receivable within one year | 40/41 | €100,122 | €72,613 | -€27,509 | -27.5% |
| Trade receivables | 40 | €7,597 | €7,287 | -€310 | -4.1% |
| Other amounts receivable | 41 | €92,525 | €65,326 | -€27,200 | -29.4% |
| Cash at bank and in hand | 54/58 | €415,728 | €558,856 | +€143,128 | +34.4% |
| Deferred charges and accrued income | 490/1 | €2,383 | €7,430 | +€5,047 | +211.8% |
| Total equity and liabilities | 10/49 | €552,261 | €671,908 | +€119,647 | +21.7% |
| Equity | 10/15 | €213,632 | €342,736 | +€129,104 | +60.4% |
| Reserves | 13 | €138,065 | €217,930 | +€79,865 | +57.8% |
| Profit (loss) carried forward | 14 | €75,567 | €124,806 | +€49,239 | +65.2% |
| Amounts payable | 17/49 | €338,628 | €329,172 | -€9,456 | -2.8% |
| Amounts payable within one year | 42/48 | €135,225 | €129,013 | -€6,212 | -4.6% |
| Trade debts | 44 | €57,869 | €37,539 | -€20,330 | -35.1% |
| Suppliers | 440/4 | €57,869 | €37,539 | -€20,330 | -35.1% |
| Taxes, remuneration and social security | 45 | €76,112 | €89,498 | +€13,386 | +17.6% |
| Taxes | 450/3 | €9,643 | €20,886 | +€11,242 | +116.6% |
| Remuneration and social security | 454/9 | €66,469 | €68,612 | +€2,144 | +3.2% |
| Accrued charges and deferred income | 492/3 | €203,403 | €200,159 | -€3,244 | -1.6% |
| Non-recurring operating income | 76A | - | €1,504 | +€1,504 | |
| Remuneration, social security and pensions | 62 | €592,383 | €522,113 | -€70,270 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €558 | €3,635 | +€3,077 | +551.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,130 | €5,859 | -€2,271 | -27.9% |
| Other operating charges | 640/8 | €15,077 | €709 | -€14,368 | -95.3% |
| Non-recurring operating charges | 66A | - | €25,386 | +€25,386 | |
| Gross operating margin | 9900 | €700,285 | €525,176 | -€175,109 | -25.0% |
| Operating profit (loss) | 9901 | €84,137 | -€32,527 | -€116,664 | |
| Financial income | 75/76B | €862 | €2,363 | +€1,501 | +174.1% |
| Recurring financial income | 75 | €862 | €2,363 | +€1,501 | +174.1% |
| Financial charges | 65/66B | €579 | €462 | -€118 | -20.3% |
| Recurring financial charges | 65 | €579 | €462 | -€118 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €84,420 | -€30,626 | -€115,046 | |
| Profit (loss) for the period | 9904 | €84,420 | -€30,626 | -€115,046 | |
| Profit (loss) for the period to be appropriated | 9905 | €84,420 | -€30,626 | -€115,046 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.