ORCQ DISTRIBUTION: what changed
Two financial 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.
ORCQ DISTRIBUTION
Largest movements
- Tangible fixed assets -€75,290
down €75,290 (-6.1%), from €1.2m to €1.1m
of which Plant, machinery and equipment: -€61,062
- Receivables within one year -€63,161
down €63,161 (-24.0%), from €263,597 to €200,437
of which Other amounts receivable: -€32,277
- Profit (loss) carried forward -€118,546
down €118,546 (-0.9%), from -€13.4m to -€13.5m
- Other debts -€106,882
down €106,882 (-6.1%), from €1.7m to €1.6m
- Trade debts +€64,864
up €64,864 (+14.0%), from €464,103 to €528,966
- Financial charges -€2.6m
down €2.6m (-99.5%), from €2.7m to €13,189
of which Non-recurring financial charges: -€2.6m
- Gross operating margin -€40,395
down €40,395 (-1.8%), from €2.2m to €2.2m
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.
Derived cash bridge
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 | €3,277,598 | €3,157,862 | -€119,735 | -3.7% |
| Fixed assets | 21/28 | €2,997,112 | €2,921,822 | -€75,290 | -2.5% |
| Tangible fixed assets | 22/27 | €1,224,376 | €1,149,086 | -€75,290 | -6.1% |
| Land and buildings | 22 | €989,838 | €989,838 | = | 0.0% |
| Plant, machinery and equipment | 23 | €160,180 | €99,117 | -€61,062 | -38.1% |
| Furniture and vehicles | 24 | €74,358 | €60,131 | -€14,228 | -19.1% |
| Financial fixed assets | 28 | €1,772,736 | €1,772,736 | = | 0.0% |
| Current assets | 29/58 | €280,486 | €236,041 | -€44,445 | -15.8% |
| Amounts receivable within one year | 40/41 | €263,597 | €200,437 | -€63,161 | -24.0% |
| Trade receivables | 40 | €187,854 | €156,971 | -€30,883 | -16.4% |
| Other amounts receivable | 41 | €75,743 | €43,466 | -€32,277 | -42.6% |
| Cash at bank and in hand | 54/58 | €7,636 | €22,137 | +€14,500 | +190% |
| Deferred charges and accrued income | 490/1 | €9,252 | €13,467 | +€4,215 | +45.6% |
| Total equity and liabilities | 10/49 | €3,277,598 | €3,157,862 | -€119,735 | -3.7% |
| Equity | 10/15 | -€442,471 | -€561,016 | -€118,546 | -26.8% |
| Contributions | 10/11 | €12,047,537 | €12,047,537 | = | 0.0% |
| Capital | 10 | €12,047,537 | €12,047,537 | = | 0.0% |
| Issued capital | 100 | €12,047,537 | €12,047,537 | = | 0.0% |
| Reserves | 13 | €894,116 | €894,116 | = | 0.0% |
| Non-distributable reserves | 130/1 | €894,116 | €894,116 | = | 0.0% |
| Legal reserve | 130 | €894,116 | €894,116 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,384,125 | -€13,502,670 | -€118,546 | -0.9% |
| Amounts payable | 17/49 | €3,720,068 | €3,718,879 | -€1,190 | 0.0% |
| Amounts payable after more than one year | 17 | €1,305,685 | €1,318,185 | +€12,500 | +1.0% |
| Other amounts payable | 178/9 | €1,305,685 | €1,318,185 | +€12,500 | +1.0% |
| Amounts payable within one year | 42/48 | €2,401,883 | €2,388,194 | -€13,690 | -0.6% |
| Trade debts | 44 | €464,103 | €528,966 | +€64,864 | +14.0% |
| Suppliers | 440/4 | €464,103 | €528,966 | +€64,864 | +14.0% |
| Taxes, remuneration and social security | 45 | €194,908 | €223,237 | +€28,329 | +14.5% |
| Taxes | 450/3 | €10,145 | €27,965 | +€17,820 | +176% |
| Remuneration and social security | 454/9 | €184,763 | €195,272 | +€10,509 | +5.7% |
| Other amounts payable | 47/48 | €1,742,872 | €1,635,990 | -€106,882 | -6.1% |
| Accrued charges and deferred income | 492/3 | €12,500 | €12,500 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €1,955,402 | €1,964,570 | +€9,168 | +0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,428 | €83,450 | +€6,022 | +7.8% |
| Other operating charges | 640/8 | €207,647 | €214,112 | +€6,466 | +3.1% |
| Gross operating margin | 9900 | €2,196,861 | €2,156,466 | -€40,395 | -1.8% |
| Operating profit (loss) | 9901 | -€43,616 | -€105,667 | -€62,051 | -142% |
| Financial income | 75/76B | €3 | €310 | +€308 | +11,392% |
| Recurring financial income | 75 | €3 | €310 | +€308 | +11,392% |
| Financial charges | 65/66B | €2,661,859 | €13,189 | -€2.6m | -99.5% |
| Recurring financial charges | 65 | €13,401 | €13,189 | -€212 | -1.6% |
| Non-recurring financial charges | 66B | €2,648,458 | - | -€2.6m | |
| Profit (loss) for the period before taxes | 9903 | -€2,705,472 | -€118,546 | +€2.6m | +95.6% |
| Profit (loss) for the period | 9904 | -€2,705,472 | -€118,546 | +€2.6m | +95.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,705,472 | -€118,546 | +€2.6m | +95.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.