ORCQIM: 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.
What changed
ORCQIM
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€195,664
2024 · -€338,697+€143,034
Equity
-€512,160
2024 · -€316,496-€195,664
Cash
€170,785
2024 · €264,189-€93,404
Balance sheet total
€2.6m
2024 · €3.1m-€435,739
Largest movements
Assets
- Tangible fixed assets -€276,113
down €276,113 (-14.7%), from €1.9m to €1.6m
- Cash -€93,404
down €93,404 (-35.4%), from €264,189 to €170,785
mainly Other debts (-€320,000) and Trade debts (-€229,516)
- Receivables within one year -€55,337
down €55,337 (-26.1%), from €212,277 to €156,940
of which Trade receivables: -€126,320
Equity and liabilities
- Other debts -€320,000
down €320,000 (-98.9%), from €323,626 to €3,626
- Debts after one year +€308,697
up €308,697 (+19.0%), from €1.6m to €1.9m
of which Other amounts payable: +€490,323
- Trade debts -€229,516
down €229,516 (-22.4%), from €1.0m to €796,384
- Profit (loss) carried forward -€195,664
down €195,664 (-39.6%), from -€493,596 to -€689,260
- Tax, wage and social debts -€32,269
down €32,269 (-23.9%), from €134,949 to €102,680
of which Remuneration and social security: -€32,326
Income statement
- Gross operating margin +€296,231
up €296,231 (+33.0%), from €898,736 to €1.2m
- Staff costs +€164,488
up €164,488 (+21.7%), from €756,527 to €921,015
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
-€338,697
Gross operating margin
+€296,231
Staff costs
-€164,488
Depreciation
+€3,998
Other operating charges
+€5,807
Other operating items
+€2,659
Financial income
-€2,765
Financial charges
+€1,596
Taxes
-€4
Result 2025
-€195,664
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
-€414,525
Investment
-€24,121
Financing
+€345,242
Cash 2024
€264,189
From operations (derived)
-€414,525
Net result for the year
-€195,664
Depreciation
+€326,827
Stocks and contracts
-€15,464
Receivables within one year
+€55,337
Deferred charges and accrued income
-€244
Trade debts
-€229,516
Tax, wage and social debts
-€32,269
Other debts
-€320,000
Accrued charges and deferred income
-€3,532
Investment (derived)
-€24,121
Investment in fixed assets (net)
-€24,121
Financing
+€345,242
Debts after one year
+€308,697
Current portion of long-term debt
+€7,978
Short-term financial debts
+€28,567
Cash 2025
€170,785
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,054,816 | €2,619,077 | -€435,739 | -14.3% |
| Formation expenses | 20 | €98,178 | €84,499 | -€13,680 | -13.9% |
| Fixed assets | 21/28 | €1,913,026 | €1,624,000 | -€289,026 | -15.1% |
| Intangible fixed assets | 21 | €1,021 | €424 | -€597 | -58.5% |
| Tangible fixed assets | 22/27 | €1,873,699 | €1,597,585 | -€276,113 | -14.7% |
| Plant, machinery and equipment | 23 | €953,200 | €832,779 | -€120,421 | -12.6% |
| Furniture and vehicles | 24 | €625,868 | €501,167 | -€124,701 | -19.9% |
| Leasing and similar rights | 25 | €510 | €0 | -€510 | -100.0% |
| Other tangible fixed assets | 26 | €294,120 | €263,639 | -€30,481 | -10.4% |
| Financial fixed assets | 28 | €38,306 | €25,991 | -€12,316 | -32.2% |
| Current assets | 29/58 | €1,043,611 | €910,578 | -€133,033 | -12.7% |
| Stocks and contracts in progress | 3 | €481,191 | €496,655 | +€15,464 | +3.2% |
| Stocks | 30/36 | €481,191 | €496,655 | +€15,464 | +3.2% |
| Amounts receivable within one year | 40/41 | €212,277 | €156,940 | -€55,337 | -26.1% |
| Trade receivables | 40 | €193,290 | €66,970 | -€126,320 | -65.4% |
| Other amounts receivable | 41 | €18,988 | €89,971 | +€70,983 | +373.8% |
| Cash at bank and in hand | 54/58 | €264,189 | €170,785 | -€93,404 | -35.4% |
| Deferred charges and accrued income | 490/1 | €85,954 | €86,198 | +€244 | +0.3% |
| Total equity and liabilities | 10/49 | €3,054,816 | €2,619,077 | -€435,739 | -14.3% |
| Equity | 10/15 | -€316,496 | -€512,160 | -€195,664 | -61.8% |
| Contributions | 10/11 | €161,000 | €161,000 | = | 0.0% |
| Capital | 10 | €161,000 | €161,000 | = | 0.0% |
| Issued capital | 100 | €161,000 | €161,000 | = | 0.0% |
| Reserves | 13 | €16,100 | €16,100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,100 | €16,100 | = | 0.0% |
| Legal reserve | 130 | €16,100 | €16,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€493,596 | -€689,260 | -€195,664 | -39.6% |
| Amounts payable | 17/49 | €3,371,312 | €3,131,237 | -€240,076 | -7.1% |
| Amounts payable after more than one year | 17 | €1,622,494 | €1,931,191 | +€308,697 | +19.0% |
| Financial debts | 170/4 | €1,617,362 | €1,435,736 | -€181,626 | -11.2% |
| Other amounts payable | 178/9 | €5,131 | €495,454 | +€490,323 | +9555.3% |
| Amounts payable within one year | 42/48 | €1,706,280 | €1,161,039 | -€545,241 | -32.0% |
| Current portion of amounts payable after more than one year | 42 | €173,648 | €181,626 | +€7,978 | +4.6% |
| Financial debts | 43 | €48,157 | €76,723 | +€28,567 | +59.3% |
| Credit institutions | 430/8 | €48,157 | €76,723 | +€28,567 | +59.3% |
| Trade debts | 44 | €1,025,901 | €796,384 | -€229,516 | -22.4% |
| Suppliers | 440/4 | €1,025,901 | €796,384 | -€229,516 | -22.4% |
| Taxes, remuneration and social security | 45 | €134,949 | €102,680 | -€32,269 | -23.9% |
| Taxes | 450/3 | €400 | €456 | +€57 | +14.2% |
| Remuneration and social security | 454/9 | €134,550 | €102,223 | -€32,326 | -24.0% |
| Other amounts payable | 47/48 | €323,626 | €3,626 | -€320,000 | -98.9% |
| Accrued charges and deferred income | 492/3 | €42,538 | €39,007 | -€3,532 | -8.3% |
| Non-recurring operating income | 76A | €95,398 | €144,356 | +€48,957 | +51.3% |
| Remuneration, social security and pensions | 62 | €756,527 | €921,015 | +€164,488 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €330,825 | €326,827 | -€3,998 | -1.2% |
| Other operating charges | 640/8 | €30,627 | €24,820 | -€5,807 | -19.0% |
| Operating charges capitalised as restructuring costs | 649 | €0 | - | = | |
| Non-recurring operating charges | 66A | €4,392 | €1,733 | -€2,659 | -60.5% |
| Gross operating margin | 9900 | €898,736 | €1,194,967 | +€296,231 | +33.0% |
| Operating profit (loss) | 9901 | -€223,634 | -€79,428 | +€144,206 | +64.5% |
| Financial income | 75/76B | €2,897 | €132 | -€2,765 | -95.4% |
| Recurring financial income | 75 | €2,897 | €132 | -€2,765 | -95.4% |
| Financial charges | 65/66B | €117,504 | €115,907 | -€1,596 | -1.4% |
| Recurring financial charges | 65 | €117,504 | €115,907 | -€1,596 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | -€338,241 | -€195,203 | +€143,038 | +42.3% |
| Income taxes | 67/77 | €457 | €461 | +€4 | +0.9% |
| Profit (loss) for the period | 9904 | -€338,697 | -€195,664 | +€143,034 | +42.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€338,697 | -€195,664 | +€143,034 | +42.2% |
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 10 October 2026 via checked.be.