ORBITAO: 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.
ORBITAO
Largest movements
- Receivables within one year +€161,820
up €161,820 (+88.1%), from €183,770 to €345,590
of which Other amounts receivable: +€160,439
- Cash -€54,225
down €54,225 (-85.6%), from €63,377 to €9,152
mainly Receivables within one year (-€161,820) and Tax, wage and social debts (-€46,645)
- Deferred charges and accrued income -€4,146
down €4,146 (-14.5%), from €28,622 to €24,476
- Reserves +€80,000
up €80,000 (+40.9%), from €195,700 to €275,700
of which Distributable reserves: +€82,000
- Profit (loss) carried forward +€68,291
up €68,291 (+375%), from €18,234 to €86,525
- Tax, wage and social debts -€46,645
down €46,645 (-99.1%), from €47,066 to €421
- Other operating charges -€52,437
down €52,437 (-98.7%), from €53,108 to €671
- Financial charges +€50,457
up €50,457 (+13,459%), from €375 to €50,832
of which Non-recurring financial charges: +€49,750
- Taxes -€6,645
down €6,645 (-9.9%), from €66,932 to €60,287
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 | €282,123 | €384,076 | +€101,954 | +36.1% |
| Fixed assets | 21/28 | €6,353 | €4,858 | -€1,495 | -23.5% |
| Tangible fixed assets | 22/27 | €6,353 | €4,858 | -€1,495 | -23.5% |
| Plant, machinery and equipment | 23 | €1,960 | €737 | -€1,223 | -62.4% |
| Furniture and vehicles | 24 | €951 | €1,510 | +€560 | +58.9% |
| Other tangible fixed assets | 26 | €3,443 | €2,611 | -€832 | -24.2% |
| Current assets | 29/58 | €275,770 | €379,218 | +€103,449 | +37.5% |
| Amounts receivable within one year | 40/41 | €183,770 | €345,590 | +€161,820 | +88.1% |
| Trade receivables | 40 | €15 | €1,396 | +€1,381 | +9,207% |
| Other amounts receivable | 41 | €183,755 | €344,194 | +€160,439 | +87.3% |
| Cash at bank and in hand | 54/58 | €63,377 | €9,152 | -€54,225 | -85.6% |
| Deferred charges and accrued income | 490/1 | €28,622 | €24,476 | -€4,146 | -14.5% |
| Total equity and liabilities | 10/49 | €282,123 | €384,076 | +€101,954 | +36.1% |
| Equity | 10/15 | €233,934 | €382,225 | +€148,291 | +63.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €195,700 | €275,700 | +€80,000 | +40.9% |
| Non-distributable reserves | 130/1 | €2,000 | - | -€2,000 | |
| Reserves not available under the articles | 1311 | €2,000 | - | -€2,000 | |
| Distributable reserves | 133 | €193,700 | €275,700 | +€82,000 | +42.3% |
| Profit (loss) carried forward | 14 | €18,234 | €86,525 | +€68,291 | +375% |
| Amounts payable | 17/49 | €48,188 | €1,851 | -€46,337 | -96.2% |
| Amounts payable within one year | 42/48 | €48,188 | €1,851 | -€46,337 | -96.2% |
| Trade debts | 44 | €1,122 | €1,430 | +€308 | +27.5% |
| Suppliers | 440/4 | €1,122 | €1,430 | +€308 | +27.5% |
| Taxes, remuneration and social security | 45 | €47,066 | €421 | -€46,645 | -99.1% |
| Taxes | 450/3 | €47,066 | €421 | -€46,645 | -99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,836 | €3,318 | -€517 | -13.5% |
| Other operating charges | 640/8 | €53,108 | €671 | -€52,437 | -98.7% |
| Gross operating margin | 9900 | €261,955 | €263,399 | +€1,443 | +0.6% |
| Operating profit (loss) | 9901 | €205,012 | €259,410 | +€54,398 | +26.5% |
| Financial charges | 65/66B | €375 | €50,832 | +€50,457 | +13,459% |
| Recurring financial charges | 65 | €125 | €832 | +€707 | +566% |
| Non-recurring financial charges | 66B | €250 | €50,000 | +€49,750 | +19,900% |
| Profit (loss) for the period before taxes | 9903 | €204,637 | €208,578 | +€3,941 | +1.9% |
| Income taxes | 67/77 | €66,932 | €60,287 | -€6,645 | -9.9% |
| Profit (loss) for the period | 9904 | €137,705 | €148,291 | +€10,586 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €137,705 | €148,291 | +€10,586 | +7.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.