ORC: 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.
ORC
Largest movements
- Deferred charges and accrued income +€61,877
up €61,877 (+23345.3%), from €265 to €62,142
- Receivables within one year -€58,315
down €58,315 (-70.8%), from €82,379 to €24,064
of which Trade receivables: -€58,197
- Stocks and contracts +€19,455
up €19,455 (+17.6%), from €110,445 to €129,900
- Cash +€2,556
up €2,556 (+7.7%), from €33,354 to €35,910
mainly Receivables within one year (+€58,315) and Trade debts (+€50,262)
- Trade debts +€50,262
up €50,262 (+63.5%), from €79,202 to €129,464
- Debts after one year -€35,000
down €35,000 (-50.0%), from €70,000 to €35,000
- Profit (loss) carried forward +€13,028
up €13,028 (+26.3%), from €49,543 to €62,571
- Other debts -€3,353
down €3,353 (-90.2%), from €3,719 to €366
- Gross operating margin -€8,239
down €8,239 (-29.0%), from €28,402 to €20,163
- Other operating charges -€2,536
down €2,536 (-35.1%), from €7,233 to €4,697
- Taxes +€1,222
up €1,222 (+303.3%), from €403 to €1,626
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 | €226,443 | €252,016 | +€25,573 | +11.3% |
| Current assets | 29/58 | €226,443 | €252,016 | +€25,573 | +11.3% |
| Stocks and contracts in progress | 3 | €110,445 | €129,900 | +€19,455 | +17.6% |
| Stocks | 30/36 | €110,445 | €129,900 | +€19,455 | +17.6% |
| Amounts receivable within one year | 40/41 | €82,379 | €24,064 | -€58,315 | -70.8% |
| Trade receivables | 40 | €82,261 | €24,064 | -€58,197 | -70.7% |
| Other amounts receivable | 41 | €118 | - | -€118 | |
| Cash at bank and in hand | 54/58 | €33,354 | €35,910 | +€2,556 | +7.7% |
| Deferred charges and accrued income | 490/1 | €265 | €62,142 | +€61,877 | +23345.3% |
| Total equity and liabilities | 10/49 | €226,443 | €252,016 | +€25,573 | +11.3% |
| Equity | 10/15 | €69,076 | €82,104 | +€13,028 | +18.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €933 | €933 | = | 0.0% |
| Non-distributable reserves | 130/1 | €933 | €933 | = | 0.0% |
| Reserves not available under the articles | 1311 | €933 | €933 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,543 | €62,571 | +€13,028 | +26.3% |
| Amounts payable | 17/49 | €157,367 | €169,912 | +€12,544 | +8.0% |
| Amounts payable after more than one year | 17 | €70,000 | €35,000 | -€35,000 | -50.0% |
| Other amounts payable | 178/9 | €70,000 | €35,000 | -€35,000 | -50.0% |
| Amounts payable within one year | 42/48 | €87,367 | €134,912 | +€47,544 | +54.4% |
| Trade debts | 44 | €79,202 | €129,464 | +€50,262 | +63.5% |
| Suppliers | 440/4 | €79,202 | €129,464 | +€50,262 | +63.5% |
| Taxes, remuneration and social security | 45 | €4,446 | €5,081 | +€635 | +14.3% |
| Taxes | 450/3 | €4,446 | €5,081 | +€635 | +14.3% |
| Other amounts payable | 47/48 | €3,719 | €366 | -€3,353 | -90.2% |
| Other operating charges | 640/8 | €7,233 | €4,697 | -€2,536 | -35.1% |
| Gross operating margin | 9900 | €28,402 | €20,163 | -€8,239 | -29.0% |
| Operating profit (loss) | 9901 | €21,169 | €15,466 | -€5,703 | -26.9% |
| Financial income | 75/76B | €17 | €47 | +€30 | +170.9% |
| Recurring financial income | 75 | €17 | €47 | +€30 | +170.9% |
| Financial charges | 65/66B | €780 | €860 | +€79 | +10.2% |
| Recurring financial charges | 65 | €780 | €860 | +€79 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €20,407 | €14,654 | -€5,753 | -28.2% |
| Income taxes | 67/77 | €403 | €1,626 | +€1,222 | +303.3% |
| Profit (loss) for the period | 9904 | €20,004 | €13,028 | -€6,975 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,004 | €13,028 | -€6,975 | -34.9% |
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 9 October 2026 via checked.be.