ORCA BELETTERING: 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.
ORCA BELETTERING
Largest movements
- Cash -€12,460
down €12,460 (-11.7%), from €106,576 to €94,116
mainly Investment in fixed assets (net) (-€50,772) and Contributions, distributions and other (-€39,939)
- Tangible fixed assets +€12,298
up €12,298 (+5.1%), from €239,159 to €251,457
of which Furniture and vehicles: +€27,778
- Debts after one year -€16,858
down €16,858 (-13.5%), from €124,881 to €108,024
- Trade debts +€9,117
up €9,117 (+249%), from €3,656 to €12,774
- Gross operating margin -€10,642
down €10,642 (-9.6%), from €110,533 to €99,891
- Depreciation +€5,278
up €5,278 (+15.9%), from €33,196 to €38,474
- Taxes -€2,791
down €2,791 (-16.9%), from €16,469 to €13,678
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 | €385,670 | €384,340 | -€1,330 | -0.3% |
| Fixed assets | 21/28 | €239,159 | €251,457 | +€12,298 | +5.1% |
| Tangible fixed assets | 22/27 | €239,159 | €251,457 | +€12,298 | +5.1% |
| Land and buildings | 22 | €172,458 | €159,422 | -€13,036 | -7.6% |
| Plant, machinery and equipment | 23 | €2,697 | €468 | -€2,230 | -82.7% |
| Furniture and vehicles | 24 | €63,789 | €91,568 | +€27,778 | +43.5% |
| Other tangible fixed assets | 26 | €215 | - | -€215 | |
| Current assets | 29/58 | €146,511 | €132,883 | -€13,627 | -9.3% |
| Amounts receivable within one year | 40/41 | €31,837 | €29,468 | -€2,369 | -7.4% |
| Trade receivables | 40 | €30,807 | €28,147 | -€2,660 | -8.6% |
| Other amounts receivable | 41 | €1,031 | €1,322 | +€291 | +28.3% |
| Cash at bank and in hand | 54/58 | €106,576 | €94,116 | -€12,460 | -11.7% |
| Deferred charges and accrued income | 490/1 | €8,098 | €9,299 | +€1,201 | +14.8% |
| Total equity and liabilities | 10/49 | €385,670 | €384,340 | -€1,330 | -0.3% |
| Equity | 10/15 | €223,663 | €226,555 | +€2,891 | +1.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €205,063 | €207,955 | +€2,891 | +1.4% |
| Non-distributable reserves | 130/1 | €10 | €10 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10 | €10 | = | 0.0% |
| Distributable reserves | 133 | €205,053 | €207,945 | +€2,891 | +1.4% |
| Amounts payable | 17/49 | €162,007 | €157,785 | -€4,221 | -2.6% |
| Amounts payable after more than one year | 17 | €124,881 | €108,024 | -€16,858 | -13.5% |
| Financial debts | 170/4 | €124,881 | €108,024 | -€16,858 | -13.5% |
| Amounts payable within one year | 42/48 | €35,840 | €47,214 | +€11,374 | +31.7% |
| Current portion of amounts payable after more than one year | 42 | €16,613 | €16,858 | +€244 | +1.5% |
| Trade debts | 44 | €3,656 | €12,774 | +€9,117 | +249% |
| Suppliers | 440/4 | €3,656 | €12,774 | +€9,117 | +249% |
| Taxes, remuneration and social security | 45 | €7,882 | €7,083 | -€799 | -10.1% |
| Taxes | 450/3 | €5,745 | €5,060 | -€685 | -11.9% |
| Remuneration and social security | 454/9 | €2,137 | €2,022 | -€115 | -5.4% |
| Other amounts payable | 47/48 | €7,689 | €10,501 | +€2,812 | +36.6% |
| Accrued charges and deferred income | 492/3 | €1,285 | €2,547 | +€1,262 | +98.2% |
| Non-recurring operating income | 76A | €27,853 | €14,050 | -€13,804 | -49.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,196 | €38,474 | +€5,278 | +15.9% |
| Other operating charges | 640/8 | €2,417 | €2,619 | +€202 | +8.4% |
| Gross operating margin | 9900 | €110,533 | €99,891 | -€10,642 | -9.6% |
| Operating profit (loss) | 9901 | €74,920 | €58,798 | -€16,122 | -21.5% |
| Financial charges | 65/66B | €2,376 | €2,290 | -€86 | -3.6% |
| Recurring financial charges | 65 | €2,376 | €2,290 | -€86 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €72,544 | €56,509 | -€16,036 | -22.1% |
| Income taxes | 67/77 | €16,469 | €13,678 | -€2,791 | -16.9% |
| Profit (loss) for the period | 9904 | €56,075 | €42,830 | -€13,245 | -23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €56,075 | €42,830 | -€13,245 | -23.6% |
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 23 October 2026 via checked.be.