ORBY: 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.
ORBY
Largest movements
- Tangible fixed assets +€499,928
up €499,928 (+15238.1%), from €3,281 to €503,209
of which Land and buildings: +€340,564
- Receivables within one year +€280,190
up €280,190 (+254.8%), from €109,948 to €390,139
of which Trade receivables: +€288,328
- Cash -€142,214
down €142,214 (-51.5%), from €275,967 to €133,753
mainly Investment in fixed assets (net) (-€566,094) and Receivables within one year (-€280,190)
- Trade debts +€362,076
up €362,076 (+2192.7%), from €16,513 to €378,589
- Debts after one year +€346,361
new in 2025: €346,361
- Other debts -€76,905
down €76,905 (-71.5%), from €107,546 to €30,641
- Tax, wage and social debts -€12,933
down €12,933 (-48.1%), from €26,892 to €13,959
of which Remuneration and social security: -€8,234
- Depreciation +€64,718
up €64,718 (+4471.0%), from €1,448 to €66,166
- Taxes -€25,883
down €25,883 (-66.3%), from €39,009 to €13,127
- Financial charges +€6,007
up €6,007 (+3007.4%), from €200 to €6,207
- Gross operating margin -€3,952
down €3,952 (-3.0%), from €131,387 to €127,435
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.
Cash bridge derived
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 | €389,853 | €1,029,464 | +€639,611 | +164.1% |
| Fixed assets | 21/28 | €3,281 | €503,209 | +€499,928 | +15238.1% |
| Tangible fixed assets | 22/27 | €3,281 | €503,209 | +€499,928 | +15238.1% |
| Land and buildings | 22 | - | €340,564 | +€340,564 | |
| Plant, machinery and equipment | 23 | - | €160,334 | +€160,334 | |
| Furniture and vehicles | 24 | €3,281 | €2,311 | -€969 | -29.5% |
| Current assets | 29/58 | €386,573 | €526,255 | +€139,683 | +36.1% |
| Amounts receivable within one year | 40/41 | €109,948 | €390,139 | +€280,190 | +254.8% |
| Trade receivables | 40 | €101,451 | €389,778 | +€288,328 | +284.2% |
| Other amounts receivable | 41 | €8,498 | €360 | -€8,137 | -95.8% |
| Cash at bank and in hand | 54/58 | €275,967 | €133,753 | -€142,214 | -51.5% |
| Deferred charges and accrued income | 490/1 | €657 | €2,364 | +€1,706 | +259.6% |
| Total equity and liabilities | 10/49 | €389,853 | €1,029,464 | +€639,611 | +164.1% |
| Equity | 10/15 | €238,902 | €247,421 | +€8,518 | +3.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Outside capital | 11 | €1,000 | €1,000 | = | 0.0% |
| Other | 1109/19 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €237,902 | €246,421 | +€8,518 | +3.6% |
| Distributable reserves | 133 | €237,902 | €246,421 | +€8,518 | +3.6% |
| Amounts payable | 17/49 | €150,951 | €782,043 | +€631,092 | +418.1% |
| Amounts payable after more than one year | 17 | - | €346,361 | +€346,361 | |
| Financial debts | 170/4 | - | €346,361 | +€346,361 | |
| Amounts payable within one year | 42/48 | €150,951 | €431,828 | +€280,878 | +186.1% |
| Current portion of amounts payable after more than one year | 42 | - | €8,639 | +€8,639 | |
| Trade debts | 44 | €16,513 | €378,589 | +€362,076 | +2192.7% |
| Suppliers | 440/4 | €16,513 | €378,589 | +€362,076 | +2192.7% |
| Taxes, remuneration and social security | 45 | €26,892 | €13,959 | -€12,933 | -48.1% |
| Taxes | 450/3 | €18,657 | €13,959 | -€4,698 | -25.2% |
| Remuneration and social security | 454/9 | €8,234 | - | -€8,234 | |
| Other amounts payable | 47/48 | €107,546 | €30,641 | -€76,905 | -71.5% |
| Accrued charges and deferred income | 492/3 | - | €3,854 | +€3,854 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,448 | €66,166 | +€64,718 | +4471.0% |
| Other operating charges | 640/8 | €387 | €1,417 | +€1,030 | +265.9% |
| Gross operating margin | 9900 | €131,387 | €127,435 | -€3,952 | -3.0% |
| Operating profit (loss) | 9901 | €129,552 | €59,852 | -€69,701 | -53.8% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €200 | €6,207 | +€6,007 | +3007.4% |
| Recurring financial charges | 65 | €200 | €6,207 | +€6,007 | +3007.4% |
| Profit (loss) for the period before taxes | 9903 | €129,353 | €53,645 | -€75,708 | -58.5% |
| Income taxes | 67/77 | €39,009 | €13,127 | -€25,883 | -66.3% |
| Profit (loss) for the period | 9904 | €90,344 | €40,518 | -€49,826 | -55.2% |
| Profit (loss) for the period to be appropriated | 9905 | €90,344 | €40,518 | -€49,826 | -55.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.