ORCHARD: 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.
ORCHARD
Largest movements
- Financial fixed assets +€122,450
up €122,450 (+10.3%), from €1.2m to €1.3m
- Tangible fixed assets -€119,122
down €119,122 (-7.4%), from €1.6m to €1.5m
of which Land and buildings: -€76,688
- Cash +€46,550
up €46,550 (+11.0%), from €424,249 to €470,799
mainly Net result for the year (+€152,471) and Depreciation (+€119,122)
- Receivables within one year -€39,958
down €39,958 (-14.1%), from €283,441 to €243,483
of which Trade receivables: -€82,866
- Other debts +€86,980
up €86,980 (+168.2%), from €51,708 to €138,688
- Tax, wage and social debts -€64,469
down €64,469 (-60.0%), from €107,426 to €42,958
- Debts after one year -€56,289
down €56,289 (-4.2%), from €1.3m to €1.3m
of which Financial debts: -€66,071
- Financial income -€436,661
down €436,661 (-75.2%), from €580,302 to €143,640
of which Financial income: -€546,516
- Gross operating margin -€180,281
down €180,281 (-46.9%), from €384,733 to €204,452
- Taxes -€53,526
down €53,526 (-56.5%), from €94,684 to €41,158
- Financial charges +€7,191
up €7,191 (+41.9%), from €17,170 to €24,361
of which Non-recurring financial charges: +€4,791
- Depreciation +€5,065
up €5,065 (+4.4%), from €114,057 to €119,122
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 | €3,508,719 | €3,519,054 | +€10,334 | +0.3% |
| Fixed assets | 21/28 | €2,798,399 | €2,801,727 | +€3,328 | +0.1% |
| Tangible fixed assets | 22/27 | €1,608,840 | €1,489,718 | -€119,122 | -7.4% |
| Land and buildings | 22 | €1,393,017 | €1,316,330 | -€76,688 | -5.5% |
| Plant, machinery and equipment | 23 | €1,646 | €278 | -€1,369 | -83.1% |
| Furniture and vehicles | 24 | €120,900 | €87,331 | -€33,569 | -27.8% |
| Other tangible fixed assets | 26 | €93,277 | €85,780 | -€7,498 | -8.0% |
| Financial fixed assets | 28 | €1,189,559 | €1,312,009 | +€122,450 | +10.3% |
| Current assets | 29/58 | €710,321 | €717,327 | +€7,006 | +1.0% |
| Amounts receivable within one year | 40/41 | €283,441 | €243,483 | -€39,958 | -14.1% |
| Trade receivables | 40 | €133,430 | €50,564 | -€82,866 | -62.1% |
| Other amounts receivable | 41 | €150,011 | €192,919 | +€42,908 | +28.6% |
| Cash at bank and in hand | 54/58 | €424,249 | €470,799 | +€46,550 | +11.0% |
| Deferred charges and accrued income | 490/1 | €2,631 | €3,045 | +€414 | +15.8% |
| Total equity and liabilities | 10/49 | €3,508,719 | €3,519,054 | +€10,334 | +0.3% |
| Equity | 10/15 | €1,838,916 | €1,852,699 | +€13,783 | +0.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,826,516 | €1,840,299 | +€13,783 | +0.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,826,516 | €1,840,299 | +€13,783 | +0.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,669,804 | €1,666,355 | -€3,449 | -0.2% |
| Amounts payable after more than one year | 17 | €1,325,075 | €1,268,786 | -€56,289 | -4.2% |
| Financial debts | 170/4 | €1,304,334 | €1,238,262 | -€66,071 | -5.1% |
| Other amounts payable | 178/9 | €20,742 | €30,524 | +€9,783 | +47.2% |
| Amounts payable within one year | 42/48 | €343,548 | €395,031 | +€51,483 | +15.0% |
| Current portion of amounts payable after more than one year | 42 | €162,466 | €180,505 | +€18,039 | +11.1% |
| Trade debts | 44 | €21,948 | €32,881 | +€10,933 | +49.8% |
| Suppliers | 440/4 | €21,948 | €32,881 | +€10,933 | +49.8% |
| Taxes, remuneration and social security | 45 | €107,426 | €42,958 | -€64,469 | -60.0% |
| Taxes | 450/3 | €107,426 | €42,958 | -€64,469 | -60.0% |
| Other amounts payable | 47/48 | €51,708 | €138,688 | +€86,980 | +168.2% |
| Accrued charges and deferred income | 492/3 | €1,181 | €2,537 | +€1,357 | +114.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114,057 | €119,122 | +€5,065 | +4.4% |
| Other operating charges | 640/8 | €7,256 | €10,980 | +€3,724 | +51.3% |
| Non-recurring operating charges | 66A | €2,673 | €0 | -€2,673 | -100.0% |
| Gross operating margin | 9900 | €384,733 | €204,452 | -€180,281 | -46.9% |
| Operating profit (loss) | 9901 | €260,747 | €74,350 | -€186,398 | -71.5% |
| Financial income | 75/76B | €580,302 | €143,640 | -€436,661 | -75.2% |
| Recurring financial income | 75 | €551,218 | €4,703 | -€546,516 | -99.1% |
| Non-recurring financial income | 76B | €29,083 | €138,937 | +€109,854 | +377.7% |
| Financial charges | 65/66B | €17,170 | €24,361 | +€7,191 | +41.9% |
| Recurring financial charges | 65 | €17,170 | €19,571 | +€2,400 | +14.0% |
| Non-recurring financial charges | 66B | - | €4,791 | +€4,791 | |
| Profit (loss) for the period before taxes | 9903 | €823,879 | €193,629 | -€630,250 | -76.5% |
| Income taxes | 67/77 | €94,684 | €41,158 | -€53,526 | -56.5% |
| Profit (loss) for the period | 9904 | €729,195 | €152,471 | -€576,724 | -79.1% |
| Profit (loss) for the period to be appropriated | 9905 | €729,195 | €152,471 | -€576,724 | -79.1% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.