ORCHEP: 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.
ORCHEP
Largest movements
- Receivables within one year -€146,130
down €146,130 (-80.6%), from €181,383 to €35,253
of which Other amounts receivable: -€97,996
- Cash +€100,338
up €100,338 (+127.4%), from €78,776 to €179,115
- Tangible fixed assets -€20,642
down €20,642 (-21.3%), from €97,110 to €76,468
of which Furniture and vehicles: -€19,894
- Debts after one year -€49,780
down €49,780 (-67.3%), from €74,014 to €24,235
- Short-term financial debts -€33,080
down €33,080 (-100.0%), from €33,080 to €0
- Accrued charges and deferred income +€24,941
up €24,941 (+42504.0%), from €59 to €25,000
- Current portion of long-term debt -€8,834
down €8,834 (-22.7%), from €38,933 to €30,099
- Gross operating margin -€79,781
down €79,781 (-55.7%), from €143,161 to €63,380
- Financial income -€78,735
down €78,735 (-75.6%), from €104,094 to €25,359
of which Non-recurring financial income: -€90,660
- Taxes -€35,783
down €35,783 (-63.6%), from €56,264 to €20,481
- Financial charges +€1,533
up €1,533 (+40.7%), from €3,764 to €5,297
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €676,940 | €603,845 | -€73,095 | -10.8% |
| Fixed assets | 21/28 | €97,110 | €76,468 | -€20,642 | -21.3% |
| Tangible fixed assets | 22/27 | €97,110 | €76,468 | -€20,642 | -21.3% |
| Land and buildings | 22 | €75,000 | €75,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €2,216 | €0 | -€2,216 | -100.0% |
| Furniture and vehicles | 24 | €19,894 | €0 | -€19,894 | -100.0% |
| Other tangible fixed assets | 26 | - | €1,468 | +€1,468 | |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €579,830 | €527,377 | -€52,453 | -9.0% |
| Amounts receivable after more than one year | 29 | €218,345 | €211,699 | -€6,645 | -3.0% |
| Other amounts receivable | 291 | €218,345 | €211,699 | -€6,645 | -3.0% |
| Stocks and contracts in progress | 3 | €72,212 | €72,212 | = | 0.0% |
| Stocks | 30/36 | €72,212 | €72,212 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €181,383 | €35,253 | -€146,130 | -80.6% |
| Trade receivables | 40 | €83,387 | €35,253 | -€48,134 | -57.7% |
| Other amounts receivable | 41 | €97,996 | €0 | -€97,996 | -100.0% |
| Current investments | 50/53 | €29,114 | €28,246 | -€868 | -3.0% |
| Cash at bank and in hand | 54/58 | €78,776 | €179,115 | +€100,338 | +127.4% |
| Deferred charges and accrued income | 490/1 | - | €851 | +€851 | |
| Total equity and liabilities | 10/49 | €676,940 | €603,845 | -€73,095 | -10.8% |
| Equity | 10/15 | €474,705 | €468,756 | -€5,949 | -1.3% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | €414,705 | €408,756 | -€5,949 | -1.4% |
| Non-distributable reserves | 130/1 | €6,000 | €6,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,000 | €6,000 | = | 0.0% |
| Distributable reserves | 133 | €408,705 | €402,756 | -€5,949 | -1.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €202,235 | €135,089 | -€67,147 | -33.2% |
| Amounts payable after more than one year | 17 | €74,014 | €24,235 | -€49,780 | -67.3% |
| Financial debts | 170/4 | €74,014 | €24,235 | -€49,780 | -67.3% |
| Amounts payable within one year | 42/48 | €128,162 | €85,854 | -€42,308 | -33.0% |
| Current portion of amounts payable after more than one year | 42 | €38,933 | €30,099 | -€8,834 | -22.7% |
| Financial debts | 43 | €33,080 | €0 | -€33,080 | -100.0% |
| Credit institutions | 430/8 | €33,080 | €0 | -€33,080 | -100.0% |
| Trade debts | 44 | €2,798 | €5,245 | +€2,446 | +87.4% |
| Suppliers | 440/4 | €2,798 | €5,245 | +€2,446 | +87.4% |
| Taxes, remuneration and social security | 45 | €53,351 | €50,511 | -€2,840 | -5.3% |
| Taxes | 450/3 | €53,351 | €50,511 | -€2,840 | -5.3% |
| Accrued charges and deferred income | 492/3 | €59 | €25,000 | +€24,941 | +42504.0% |
| Non-recurring operating income | 76A | €716 | €0 | -€716 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,727 | €20,642 | -€1,085 | -5.0% |
| Other operating charges | 640/8 | €983 | €819 | -€164 | -16.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €143,161 | €63,380 | -€79,781 | -55.7% |
| Operating profit (loss) | 9901 | €120,451 | €41,918 | -€78,533 | -65.2% |
| Financial income | 75/76B | €104,094 | €25,359 | -€78,735 | -75.6% |
| Recurring financial income | 75 | €13,434 | €25,359 | +€11,925 | +88.8% |
| Non-recurring financial income | 76B | €90,660 | €0 | -€90,660 | -100.0% |
| Financial charges | 65/66B | €3,764 | €5,297 | +€1,533 | +40.7% |
| Recurring financial charges | 65 | €3,764 | €5,297 | +€1,533 | +40.7% |
| Profit (loss) for the period before taxes | 9903 | €220,781 | €61,980 | -€158,801 | -71.9% |
| Income taxes | 67/77 | €56,264 | €20,481 | -€35,783 | -63.6% |
| Profit (loss) for the period | 9904 | €164,518 | €41,500 | -€123,018 | -74.8% |
| Profit (loss) for the period to be appropriated | 9905 | €164,518 | €41,500 | -€123,018 | -74.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 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.