ORBITS: 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.
ORBITS
Largest movements
- Receivables within one year +€40,302
up €40,302 (+51.5%), from €78,189 to €118,491
of which Trade receivables: +€40,130
- Cash +€16,283
up €16,283 (+38.8%), from €41,999 to €58,282
mainly Depreciation (+€56,937) and Other debts (+€51,507)
- Other debts +€51,507
up €51,507 (+404%), from €12,763 to €64,269
- Reserves -€44,755
down €44,755 (-34.3%), from €130,512 to €85,757
of which Distributable reserves: -€44,655
- Tax, wage and social debts +€29,757
up €29,757 (+273%), from €10,891 to €40,647
of which Remuneration and social security: +€21,217
- Trade debts +€11,389
up €11,389 (+158%), from €7,219 to €18,608
- Current portion of long-term debt +€7,704
up €7,704 (+18.7%), from €41,244 to €48,947
- Gross operating margin -€21,481
down €21,481 (-12.1%), from €177,101 to €155,620
- Depreciation +€12,896
up €12,896 (+29.3%), from €44,041 to €56,937
- Staff costs -€9,918
down €9,918 (-10.8%), from €91,796 to €81,879
- Taxes -€5,035
down €5,035 (-50.0%), from €10,064 to €5,029
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 | €343,814 | €404,089 | +€60,275 | +17.5% |
| Fixed assets | 21/28 | €221,331 | €224,873 | +€3,543 | +1.6% |
| Tangible fixed assets | 22/27 | €221,331 | €224,873 | +€3,543 | +1.6% |
| Land and buildings | 22 | €114,202 | €93,875 | -€20,327 | -17.8% |
| Plant, machinery and equipment | 23 | €15,342 | €29,075 | +€13,733 | +89.5% |
| Furniture and vehicles | 24 | €91,786 | €101,923 | +€10,137 | +11.0% |
| Current assets | 29/58 | €122,483 | €179,216 | +€56,732 | +46.3% |
| Amounts receivable within one year | 40/41 | €78,189 | €118,491 | +€40,302 | +51.5% |
| Trade receivables | 40 | €72,675 | €112,805 | +€40,130 | +55.2% |
| Other amounts receivable | 41 | €5,514 | €5,686 | +€172 | +3.1% |
| Cash at bank and in hand | 54/58 | €41,999 | €58,282 | +€16,283 | +38.8% |
| Deferred charges and accrued income | 490/1 | €2,295 | €2,443 | +€147 | +6.4% |
| Total equity and liabilities | 10/49 | €343,814 | €404,089 | +€60,275 | +17.5% |
| Equity | 10/15 | €131,512 | €86,757 | -€44,755 | -34.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €130,512 | €85,757 | -€44,755 | -34.3% |
| Non-distributable reserves | 130/1 | €100 | €0 | -€100 | -100% |
| Reserves not available under the articles | 1311 | €100 | €0 | -€100 | -100% |
| Distributable reserves | 133 | €130,412 | €85,757 | -€44,655 | -34.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €212,302 | €317,332 | +€105,030 | +49.5% |
| Amounts payable after more than one year | 17 | €138,801 | €141,605 | +€2,804 | +2.0% |
| Financial debts | 170/4 | €138,801 | €141,605 | +€2,804 | +2.0% |
| Amounts payable within one year | 42/48 | €73,501 | €175,727 | +€102,226 | +139% |
| Current portion of amounts payable after more than one year | 42 | €41,244 | €48,947 | +€7,704 | +18.7% |
| Financial debts | 43 | €1,385 | €3,255 | +€1,870 | +135% |
| Credit institutions | 430/8 | €1,385 | €3,255 | +€1,870 | +135% |
| Trade debts | 44 | €7,219 | €18,608 | +€11,389 | +158% |
| Suppliers | 440/4 | €7,219 | €18,608 | +€11,389 | +158% |
| Taxes, remuneration and social security | 45 | €10,891 | €40,647 | +€29,757 | +273% |
| Taxes | 450/3 | €1,617 | €10,156 | +€8,539 | +528% |
| Remuneration and social security | 454/9 | €9,274 | €30,491 | +€21,217 | +229% |
| Other amounts payable | 47/48 | €12,763 | €64,269 | +€51,507 | +404% |
| Remuneration, social security and pensions | 62 | €91,796 | €81,879 | -€9,918 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,041 | €56,937 | +€12,896 | +29.3% |
| Other operating charges | 640/8 | €1,164 | €1,162 | -€2 | -0.2% |
| Gross operating margin | 9900 | €177,101 | €155,620 | -€21,481 | -12.1% |
| Operating profit (loss) | 9901 | €40,100 | €15,643 | -€24,457 | -61.0% |
| Financial income | 75/76B | €103 | €206 | +€104 | +101% |
| Recurring financial income | 75 | €103 | €206 | +€104 | +101% |
| Financial charges | 65/66B | €7,589 | €7,038 | -€551 | -7.3% |
| Recurring financial charges | 65 | €7,589 | €7,038 | -€551 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €32,614 | €8,812 | -€23,803 | -73.0% |
| Income taxes | 67/77 | €10,064 | €5,029 | -€5,035 | -50.0% |
| Profit (loss) for the period | 9904 | €22,550 | €3,783 | -€18,768 | -83.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,550 | €3,783 | -€18,768 | -83.2% |
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 28 October 2026 via checked.be.