ORCOFIS@: 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.
ORCOFIS@
Largest movements
- Cash +€41,440
up €41,440 (+46.1%), from €89,897 to €131,337
mainly Trade debts (+€35,214) and Net result for the year (+€35,084)
- Receivables within one year +€7,921
up €7,921 (+9.3%), from €85,162 to €93,083
- Tangible fixed assets +€7,828
up €7,828 (+53.9%), from €14,515 to €22,344
of which Furniture and vehicles: +€4,096
- Trade debts +€35,214
up €35,214 (+58.8%), from €59,935 to €95,149
- Tax, wage and social debts +€22,150
up €22,150 (+478.4%), from €4,630 to €26,780
of which Taxes: +€18,837
- Reserves +€20,000
up €20,000 (+1075.3%), from €1,860 to €21,860
of which Distributable reserves: +€20,000
- Current portion of long-term debt -€14,226
no longer reported in 2025 (was €14,226)
- Other debts -€11,328
down €11,328 (-65.0%), from €17,436 to €6,107
- Gross operating margin +€37,350
up €37,350 (+32.1%), from €116,447 to €153,797
- Purchases and services -€32,974
down €32,974 (-18.1%), from €182,285 to €149,311
- Taxes +€10,516
up €10,516 (+75.7%), from €13,891 to €24,407
- Staff costs +€5,874
up €5,874 (+7.5%), from €78,080 to €83,954
- Turnover +€4,376
up €4,376 (+1.5%), from €298,733 to €303,108
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 | €189,574 | €246,763 | +€57,189 | +30.2% |
| Fixed assets | 21/28 | €14,515 | €22,344 | +€7,828 | +53.9% |
| Tangible fixed assets | 22/27 | €14,515 | €22,344 | +€7,828 | +53.9% |
| Land and buildings | 22 | €10,123 | €14,058 | +€3,935 | +38.9% |
| Plant, machinery and equipment | 23 | €2,791 | €2,589 | -€203 | -7.3% |
| Furniture and vehicles | 24 | €1,601 | €5,697 | +€4,096 | +255.9% |
| Current assets | 29/58 | €175,059 | €224,419 | +€49,361 | +28.2% |
| Amounts receivable within one year | 40/41 | €85,162 | €93,083 | +€7,921 | +9.3% |
| Trade receivables | 40 | €85,162 | €93,083 | +€7,921 | +9.3% |
| Cash at bank and in hand | 54/58 | €89,897 | €131,337 | +€41,440 | +46.1% |
| Total equity and liabilities | 10/49 | €189,574 | €246,763 | +€57,189 | +30.2% |
| Equity | 10/15 | €93,347 | €118,432 | +€25,084 | +26.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €21,860 | +€20,000 | +1075.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | - | €20,000 | +€20,000 | |
| Profit (loss) carried forward | 14 | €72,887 | €77,972 | +€5,084 | +7.0% |
| Amounts payable | 17/49 | €96,226 | €128,331 | +€32,105 | +33.4% |
| Amounts payable within one year | 42/48 | €96,226 | €128,036 | +€31,810 | +33.1% |
| Current portion of amounts payable after more than one year | 42 | €14,226 | - | -€14,226 | |
| Trade debts | 44 | €59,935 | €95,149 | +€35,214 | +58.8% |
| Suppliers | 440/4 | €59,935 | €95,149 | +€35,214 | +58.8% |
| Taxes, remuneration and social security | 45 | €4,630 | €26,780 | +€22,150 | +478.4% |
| Taxes | 450/3 | €177 | €19,014 | +€18,837 | +10618.2% |
| Remuneration and social security | 454/9 | €4,452 | €7,766 | +€3,314 | +74.4% |
| Other amounts payable | 47/48 | €17,436 | €6,107 | -€11,328 | -65.0% |
| Accrued charges and deferred income | 492/3 | - | €295 | +€295 | |
| Turnover | 70 | €298,733 | €303,108 | +€4,376 | +1.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €182,285 | €149,311 | -€32,974 | -18.1% |
| Remuneration, social security and pensions | 62 | €78,080 | €83,954 | +€5,874 | +7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,638 | €7,508 | +€1,870 | +33.2% |
| Other operating charges | 640/8 | €3,762 | €1,877 | -€1,885 | -50.1% |
| Gross operating margin | 9900 | €116,447 | €153,797 | +€37,350 | +32.1% |
| Operating profit (loss) | 9901 | €28,967 | €60,458 | +€31,491 | +108.7% |
| Financial income | 75/76B | €1,439 | €146 | -€1,292 | -89.8% |
| Recurring financial income | 75 | €1,439 | €146 | -€1,292 | -89.8% |
| Financial charges | 65/66B | €743 | €1,113 | +€370 | +49.8% |
| Recurring financial charges | 65 | €743 | €1,113 | +€370 | +49.8% |
| Profit (loss) for the period before taxes | 9903 | €29,663 | €59,492 | +€29,829 | +100.6% |
| Income taxes | 67/77 | €13,891 | €24,407 | +€10,516 | +75.7% |
| Profit (loss) for the period | 9904 | €15,772 | €35,084 | +€19,312 | +122.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,772 | €35,084 | +€19,312 | +122.4% |
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 6 October 2026 via checked.be.