ORCOGES: 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.
What changed
ORCOGES
NACE 69.209, Other tax advisory services
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€10,391
2024 · -€9,470-€921
Equity
€293,993
2024 · €304,384-€10,391
Cash
€1,271
2024 · €2,534-€1,263
Balance sheet total
€622,011
2024 · €648,596-€26,585
Largest movements
Assets
- Tangible fixed assets -€25,318
down €25,318 (-3.9%), from €645,145 to €619,827
Equity and liabilities
- Debts after one year -€16,063
down €16,063 (-7.5%), from €214,930 to €198,867
Income statement
- Gross operating margin -€923
down €923 (-4.3%), from €21,330 to €20,407
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.
Result 2024
-€9,470
Gross operating margin
-€923
Other operating charges
-€140
Financial charges
+€142
Result 2025
-€10,391
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.
From operations
+€15,868
Investment
+€60
Financing
-€17,191
Cash 2024
€2,534
From operations (derived)
+€15,868
Net result for the year
-€10,391
Depreciation
+€25,318
Receivables within one year
-€192
Deferred charges and accrued income
+€136
Provisions
-€1,841
Trade debts
-€118
Other debts
+€3,140
Accrued charges and deferred income
-€184
Investment (derived)
+€60
Investment in fixed assets (net)
+€60
Financing
-€17,191
Debts after one year
-€16,063
Current portion of long-term debt
-€1,128
Cash 2025
€1,271
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €648,596 | €622,011 | -€26,585 | -4.1% |
| Fixed assets | 21/28 | €645,205 | €619,827 | -€25,378 | -3.9% |
| Tangible fixed assets | 22/27 | €645,145 | €619,827 | -€25,318 | -3.9% |
| Land and buildings | 22 | €645,145 | €619,827 | -€25,318 | -3.9% |
| Financial fixed assets | 28 | €60 | €0 | -€60 | -100.0% |
| Current assets | 29/58 | €3,391 | €2,184 | -€1,207 | -35.6% |
| Amounts receivable within one year | 40/41 | - | €192 | +€192 | |
| Other amounts receivable | 41 | - | €192 | +€192 | |
| Cash at bank and in hand | 54/58 | €2,534 | €1,271 | -€1,263 | -49.8% |
| Deferred charges and accrued income | 490/1 | €857 | €721 | -€136 | -15.9% |
| Total equity and liabilities | 10/49 | €648,596 | €622,011 | -€26,585 | -4.1% |
| Equity | 10/15 | €304,384 | €293,993 | -€10,391 | -3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €171,915 | €165,691 | -€6,224 | -3.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €170,055 | €163,831 | -€6,224 | -3.7% |
| Profit (loss) carried forward | 14 | €113,869 | €109,702 | -€4,167 | -3.7% |
| Provisions and deferred taxes | 16 | €50,302 | €48,461 | -€1,841 | -3.7% |
| Deferred taxes | 168 | €50,302 | €48,461 | -€1,841 | -3.7% |
| Amounts payable | 17/49 | €293,910 | €279,557 | -€14,353 | -4.9% |
| Amounts payable after more than one year | 17 | €214,930 | €198,867 | -€16,063 | -7.5% |
| Financial debts | 170/4 | €214,930 | €198,867 | -€16,063 | -7.5% |
| Amounts payable within one year | 42/48 | €78,754 | €80,648 | +€1,894 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €17,191 | €16,063 | -€1,128 | -6.6% |
| Trade debts | 44 | €811 | €693 | -€118 | -14.5% |
| Suppliers | 440/4 | €811 | €693 | -€118 | -14.5% |
| Other amounts payable | 47/48 | €60,752 | €63,892 | +€3,140 | +5.2% |
| Accrued charges and deferred income | 492/3 | €226 | €42 | -€184 | -81.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,318 | €25,318 | = | 0.0% |
| Other operating charges | 640/8 | €4,440 | €4,580 | +€140 | +3.2% |
| Gross operating margin | 9900 | €21,330 | €20,407 | -€923 | -4.3% |
| Operating profit (loss) | 9901 | -€8,428 | -€9,491 | -€1,063 | -12.6% |
| Financial charges | 65/66B | €2,883 | €2,741 | -€142 | -4.9% |
| Recurring financial charges | 65 | €2,883 | €2,741 | -€142 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,311 | -€12,232 | -€921 | -8.1% |
| Transfer from deferred taxes | 780 | €1,841 | €1,841 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€9,470 | -€10,391 | -€921 | -9.7% |
| Transfer from tax-exempt reserves | 789 | €6,224 | €6,224 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,246 | -€4,167 | -€921 | -28.4% |
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 1 October 2026 via checked.be.