ORCHIS: 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.
ORCHIS
Largest movements
- Receivables within one year +€24,460
up €24,460 (+84.9%), from €28,820 to €53,280
of which Trade receivables: +€24,460
- Stocks and contracts -€12,170
down €12,170 (-28.6%), from €42,489 to €30,318
- Cash -€6,008
down €6,008 (-53.4%), from €11,253 to €5,245
mainly Receivables within one year (-€24,460) and Investment in fixed assets (net) (-€6,577)
- Tangible fixed assets +€1,557
up €1,557 (+7.2%), from €21,732 to €23,289
of which Plant, machinery and equipment: +€3,909
- Other debts +€19,400
up €19,400 (+55.1%), from €35,225 to €54,625
- Debts after one year -€4,735
down €4,735 (-23.3%), from €20,329 to €15,594
- Tax, wage and social debts -€3,959
down €3,959 (-19.6%), from €20,214 to €16,254
- Profit (loss) carried forward -€3,304
down €3,304, from €0 to -€3,304
- Gross operating margin -€7,160
down €7,160 (-53.1%), from €13,484 to €6,324
- Other operating charges -€2,758
down €2,758 (-41.5%), from €6,650 to €3,892
- Taxes -€1,597
down €1,597 (-100.0%), from €1,597 to €0
- Financial income -€1,514
down €1,514 (-97.1%), from €1,559 to €45
- Depreciation +€923
up €923 (+22.5%), from €4,097 to €5,020
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 | €104,293 | €112,523 | +€8,230 | +7.9% |
| Fixed assets | 21/28 | €21,732 | €23,289 | +€1,557 | +7.2% |
| Tangible fixed assets | 22/27 | €21,732 | €23,289 | +€1,557 | +7.2% |
| Land and buildings | 22 | €48 | €24 | -€24 | -50.0% |
| Plant, machinery and equipment | 23 | €13,727 | €17,637 | +€3,909 | +28.5% |
| Furniture and vehicles | 24 | €221 | €0 | -€221 | -100.0% |
| Other tangible fixed assets | 26 | €7,736 | €5,628 | -€2,108 | -27.2% |
| Current assets | 29/58 | €82,561 | €89,234 | +€6,673 | +8.1% |
| Stocks and contracts in progress | 3 | €42,489 | €30,318 | -€12,170 | -28.6% |
| Stocks | 30/36 | €42,489 | €30,318 | -€12,170 | -28.6% |
| Amounts receivable within one year | 40/41 | €28,820 | €53,280 | +€24,460 | +84.9% |
| Trade receivables | 40 | €28,820 | €53,280 | +€24,460 | +84.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €11,253 | €5,245 | -€6,008 | -53.4% |
| Deferred charges and accrued income | 490/1 | €0 | €391 | +€391 | |
| Total equity and liabilities | 10/49 | €104,293 | €112,523 | +€8,230 | +7.9% |
| Equity | 10/15 | €19,769 | €15,986 | -€3,783 | -19.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,169 | €690 | -€479 | -41.0% |
| Tax-exempt reserves | 132 | €690 | €690 | = | 0.0% |
| Distributable reserves | 133 | €479 | €0 | -€479 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | -€3,304 | -€3,304 | |
| Amounts payable | 17/49 | €84,524 | €96,537 | +€12,012 | +14.2% |
| Amounts payable after more than one year | 17 | €20,329 | €15,594 | -€4,735 | -23.3% |
| Financial debts | 170/4 | €20,329 | €15,594 | -€4,735 | -23.3% |
| Amounts payable within one year | 42/48 | €61,862 | €77,959 | +€16,097 | +26.0% |
| Current portion of amounts payable after more than one year | 42 | €4,647 | €4,735 | +€88 | +1.9% |
| Trade debts | 44 | €1,776 | €1,650 | -€126 | -7.1% |
| Suppliers | 440/4 | €1,776 | €1,650 | -€126 | -7.1% |
| Advances received on contracts in progress | 46 | - | €694 | +€694 | |
| Taxes, remuneration and social security | 45 | €20,214 | €16,254 | -€3,959 | -19.6% |
| Taxes | 450/3 | €20,214 | €16,254 | -€3,959 | -19.6% |
| Other amounts payable | 47/48 | €35,225 | €54,625 | +€19,400 | +55.1% |
| Accrued charges and deferred income | 492/3 | €2,333 | €2,984 | +€651 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,097 | €5,020 | +€923 | +22.5% |
| Other operating charges | 640/8 | €6,650 | €3,892 | -€2,758 | -41.5% |
| Gross operating margin | 9900 | €13,484 | €6,324 | -€7,160 | -53.1% |
| Operating profit (loss) | 9901 | €2,737 | -€2,588 | -€5,325 | |
| Financial income | 75/76B | €1,559 | €45 | -€1,514 | -97.1% |
| Recurring financial income | 75 | €1,559 | €45 | -€1,514 | -97.1% |
| Financial charges | 65/66B | €867 | €1,239 | +€373 | +43.0% |
| Recurring financial charges | 65 | €867 | €1,239 | +€373 | +43.0% |
| Profit (loss) for the period before taxes | 9903 | €3,429 | -€3,783 | -€7,211 | |
| Income taxes | 67/77 | €1,597 | €0 | -€1,597 | -100.0% |
| Profit (loss) for the period | 9904 | €1,831 | -€3,783 | -€5,614 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,831 | -€3,783 | -€5,614 |
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 30 September 2026 via checked.be.