ORBYS: 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.
ORBYS
Largest movements
- Tangible fixed assets -€50,913
down €50,913 (-14.6%), from €349,874 to €298,961
of which Land and buildings: -€44,056
- Cash +€12,464
up €12,464 (+107%), from €11,700 to €24,164
mainly Depreciation (+€54,150) and Current portion of long-term debt (+€20,000)
- Debts after one year -€28,250
down €28,250 (-41.4%), from €68,250 to €40,000
- Other debts -€21,838
down €21,838 (-64.3%), from €33,947 to €12,109
- Current portion of long-term debt +€20,000
up €20,000 (+242%), from €8,250 to €28,250
- Advances received -€13,468
no longer reported in 2025 (was €13,468)
- Reserves +€6,264
up €6,264 (+11.9%), from €52,530 to €58,794
- Gross operating margin -€2,905
down €2,905 (-3.3%), from €87,414 to €84,509
- Financial charges -€2,801
down €2,801 (-35.2%), from €7,963 to €5,162
- Depreciation +€2,406
up €2,406 (+4.6%), from €51,745 to €54,150
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 | €363,456 | €327,593 | -€35,863 | -9.9% |
| Fixed assets | 21/28 | €349,874 | €298,961 | -€50,913 | -14.6% |
| Tangible fixed assets | 22/27 | €349,874 | €298,961 | -€50,913 | -14.6% |
| Land and buildings | 22 | €310,152 | €266,097 | -€44,056 | -14.2% |
| Plant, machinery and equipment | 23 | €37,038 | €29,965 | -€7,073 | -19.1% |
| Furniture and vehicles | 24 | €2,684 | €2,900 | +€216 | +8.0% |
| Current assets | 29/58 | €13,582 | €28,632 | +€15,050 | +111% |
| Amounts receivable within one year | 40/41 | €1,881 | €2,627 | +€746 | +39.6% |
| Trade receivables | 40 | €1,740 | €2,237 | +€497 | +28.5% |
| Other amounts receivable | 41 | €141 | €390 | +€249 | +176% |
| Cash at bank and in hand | 54/58 | €11,700 | €24,164 | +€12,464 | +107% |
| Deferred charges and accrued income | 490/1 | - | €1,840 | +€1,840 | |
| Total equity and liabilities | 10/49 | €363,456 | €327,593 | -€35,863 | -9.9% |
| Equity | 10/15 | €222,261 | €226,361 | +€4,101 | +1.8% |
| Contributions | 10/11 | €149,600 | €149,600 | = | 0.0% |
| Reserves | 13 | €52,530 | €58,794 | +€6,264 | +11.9% |
| Distributable reserves | 133 | €52,530 | €58,794 | +€6,264 | +11.9% |
| Investment grants | 15 | €20,131 | €17,967 | -€2,163 | -10.7% |
| Provisions and deferred taxes | 16 | €5,033 | €4,492 | -€541 | -10.7% |
| Deferred taxes | 168 | €5,033 | €4,492 | -€541 | -10.7% |
| Amounts payable | 17/49 | €136,163 | €96,740 | -€39,423 | -29.0% |
| Amounts payable after more than one year | 17 | €68,250 | €40,000 | -€28,250 | -41.4% |
| Financial debts | 170/4 | €68,250 | €40,000 | -€28,250 | -41.4% |
| Amounts payable within one year | 42/48 | €67,500 | €55,301 | -€12,200 | -18.1% |
| Current portion of amounts payable after more than one year | 42 | €8,250 | €28,250 | +€20,000 | +242% |
| Trade debts | 44 | €6,071 | €9,457 | +€3,386 | +55.8% |
| Suppliers | 440/4 | €6,071 | €9,457 | +€3,386 | +55.8% |
| Advances received on contracts in progress | 46 | €13,468 | - | -€13,468 | |
| Taxes, remuneration and social security | 45 | €5,764 | €5,485 | -€280 | -4.9% |
| Taxes | 450/3 | €3,678 | €2,650 | -€1,028 | -28.0% |
| Remuneration and social security | 454/9 | €2,086 | €2,835 | +€748 | +35.9% |
| Other amounts payable | 47/48 | €33,947 | €12,109 | -€21,838 | -64.3% |
| Accrued charges and deferred income | 492/3 | €413 | €1,439 | +€1,027 | +249% |
| Remuneration, social security and pensions | 62 | €16,256 | €16,748 | +€491 | +3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,745 | €54,150 | +€2,406 | +4.6% |
| Other operating charges | 640/8 | €3,977 | €4,089 | +€112 | +2.8% |
| Non-recurring operating charges | 66A | - | €234 | +€234 | |
| Gross operating margin | 9900 | €87,414 | €84,509 | -€2,905 | -3.3% |
| Operating profit (loss) | 9901 | €15,437 | €9,289 | -€6,148 | -39.8% |
| Financial income | 75/76B | €2,141 | €2,222 | +€82 | +3.8% |
| Recurring financial income | 75 | €2,141 | €2,222 | +€82 | +3.8% |
| Financial charges | 65/66B | €7,963 | €5,162 | -€2,801 | -35.2% |
| Recurring financial charges | 65 | €7,963 | €5,162 | -€2,801 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €9,615 | €6,350 | -€3,265 | -34.0% |
| Transfer from deferred taxes | 780 | €478 | €541 | +€63 | +13.1% |
| Income taxes | 67/77 | €918 | €626 | -€291 | -31.7% |
| Profit (loss) for the period | 9904 | €9,175 | €6,264 | -€2,911 | -31.7% |
| Profit (loss) for the period to be appropriated | 9905 | €9,175 | €6,264 | -€2,911 | -31.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.