ORCA: 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.
ORCA
Largest movements
- Cash +€9,514
up €9,514 (+13.1%), from €72,368 to €81,882
mainly Net result for the year (+€7,732) and Other debts (+€2,043)
- Reserves +€7,732
up €7,732 (+25.9%), from €29,871 to €37,603
- Other debts +€2,043
up €2,043 (+3.1%), from €66,747 to €68,790
- Gross operating margin -€1,872
down €1,872 (-11.9%), from €15,668 to €13,797
- Other operating charges +€701
up €701 (+22.8%), from €3,074 to €3,776
- Taxes +€405
up €405 (+23.6%), from €1,717 to €2,122
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 | €101,044 | €110,236 | +€9,192 | +9.1% |
| Fixed assets | 21/28 | €25,967 | €25,967 | = | 0.0% |
| Tangible fixed assets | 22/27 | €25,967 | €25,967 | = | 0.0% |
| Land and buildings | 22 | €25,967 | €25,967 | = | 0.0% |
| Current assets | 29/58 | €75,077 | €84,269 | +€9,192 | +12.2% |
| Amounts receivable within one year | 40/41 | €2,709 | €1,942 | -€767 | -28.3% |
| Trade receivables | 40 | €926 | €159 | -€767 | -82.9% |
| Other amounts receivable | 41 | €1,783 | €1,783 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €72,368 | €81,882 | +€9,514 | +13.1% |
| Deferred charges and accrued income | 490/1 | €0 | €446 | +€446 | |
| Total equity and liabilities | 10/49 | €101,044 | €110,236 | +€9,192 | +9.1% |
| Equity | 10/15 | €32,836 | €40,568 | +€7,732 | +23.5% |
| Contributions | 10/11 | €2,964 | €2,964 | = | 0.0% |
| Reserves | 13 | €29,871 | €37,603 | +€7,732 | +25.9% |
| Distributable reserves | 133 | €29,871 | €37,603 | +€7,732 | +25.9% |
| Amounts payable | 17/49 | €68,208 | €69,669 | +€1,461 | +2.1% |
| Amounts payable within one year | 42/48 | €68,208 | €69,669 | +€1,461 | +2.1% |
| Trade debts | 44 | €1,461 | €757 | -€704 | -48.2% |
| Suppliers | 440/4 | €1,461 | €757 | -€704 | -48.2% |
| Taxes, remuneration and social security | 45 | - | €122 | +€122 | |
| Taxes | 450/3 | - | €122 | +€122 | |
| Other amounts payable | 47/48 | €66,747 | €68,790 | +€2,043 | +3.1% |
| Other operating charges | 640/8 | €3,074 | €3,776 | +€701 | +22.8% |
| Gross operating margin | 9900 | €15,668 | €13,797 | -€1,872 | -11.9% |
| Operating profit (loss) | 9901 | €12,594 | €10,021 | -€2,573 | -20.4% |
| Financial charges | 65/66B | €74 | €167 | +€93 | +127.0% |
| Recurring financial charges | 65 | €74 | €167 | +€93 | +127.0% |
| Profit (loss) for the period before taxes | 9903 | €12,520 | €9,854 | -€2,666 | -21.3% |
| Income taxes | 67/77 | €1,717 | €2,122 | +€405 | +23.6% |
| Profit (loss) for the period | 9904 | €10,803 | €7,732 | -€3,071 | -28.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,803 | €7,732 | -€3,071 | -28.4% |
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 4 October 2026 via checked.be.