ORCAT: 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.
ORCAT
Largest movements
- Cash +€71,885
up €71,885 (+98.2%), from €73,204 to €145,089
mainly Net result for the year (+€53,797) and Receivables within one year (+€7,995)
- Receivables within one year -€7,995
down €7,995 (-28.8%), from €27,718 to €19,723
- Tangible fixed assets -€3,929
down €3,929 (-14.8%), from €26,539 to €22,610
of which Other tangible fixed assets: -€2,942
- Reserves +€53,797
up €53,797 (+52.1%), from €103,194 to €156,991
- Tax, wage and social debts +€7,538
up €7,538 (+41.8%), from €18,046 to €25,584
- Gross operating margin +€27,093
up €27,093 (+48.2%), from €56,224 to €83,317
- Taxes +€7,216
up €7,216 (+50.3%), from €14,352 to €21,568
- Depreciation +€1,098
up €1,098 (+26.0%), from €4,230 to €5,329
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 | €128,460 | €190,222 | +€61,761 | +48.1% |
| Fixed assets | 21/28 | €26,539 | €22,610 | -€3,929 | -14.8% |
| Tangible fixed assets | 22/27 | €26,539 | €22,610 | -€3,929 | -14.8% |
| Plant, machinery and equipment | 23 | €1,717 | €1,442 | -€275 | -16.0% |
| Furniture and vehicles | 24 | €5,316 | €4,604 | -€712 | -13.4% |
| Other tangible fixed assets | 26 | €19,506 | €16,564 | -€2,942 | -15.1% |
| Current assets | 29/58 | €101,921 | €167,612 | +€65,690 | +64.5% |
| Amounts receivable within one year | 40/41 | €27,718 | €19,723 | -€7,995 | -28.8% |
| Trade receivables | 40 | €27,718 | €19,723 | -€7,995 | -28.8% |
| Cash at bank and in hand | 54/58 | €73,204 | €145,089 | +€71,885 | +98.2% |
| Deferred charges and accrued income | 490/1 | €1,000 | €2,800 | +€1,800 | +180.1% |
| Total equity and liabilities | 10/49 | €128,460 | €190,222 | +€61,761 | +48.1% |
| Equity | 10/15 | €109,394 | €163,191 | +€53,797 | +49.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €103,194 | €156,991 | +€53,797 | +52.1% |
| Distributable reserves | 133 | €103,194 | €156,991 | +€53,797 | +52.1% |
| Amounts payable | 17/49 | €19,067 | €27,031 | +€7,964 | +41.8% |
| Amounts payable within one year | 42/48 | €19,067 | €27,031 | +€7,964 | +41.8% |
| Trade debts | 44 | €95 | €592 | +€498 | +525.4% |
| Suppliers | 440/4 | €95 | €592 | +€498 | +525.4% |
| Taxes, remuneration and social security | 45 | €18,046 | €25,584 | +€7,538 | +41.8% |
| Taxes | 450/3 | €18,046 | €25,584 | +€7,538 | +41.8% |
| Other amounts payable | 47/48 | €926 | €855 | -€71 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,230 | €5,329 | +€1,098 | +26.0% |
| Gross operating margin | 9900 | €56,224 | €83,317 | +€27,093 | +48.2% |
| Operating profit (loss) | 9901 | €51,993 | €77,988 | +€25,995 | +50.0% |
| Financial income | 75/76B | €1 | €0 | -€1 | -99.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -99.0% |
| Financial charges | 65/66B | €2,627 | €2,624 | -€4 | -0.1% |
| Recurring financial charges | 65 | €2,627 | €2,624 | -€4 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €49,367 | €75,365 | +€25,998 | +52.7% |
| Income taxes | 67/77 | €14,352 | €21,568 | +€7,216 | +50.3% |
| Profit (loss) for the period | 9904 | €35,015 | €53,797 | +€18,782 | +53.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,015 | €53,797 | +€18,782 | +53.6% |
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 5 October 2026 via checked.be.