ORCS: 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.
ORCS
Largest movements
- Tangible fixed assets +€244,550
up €244,550 (+148.2%), from €164,980 to €409,531
of which Other tangible fixed assets: +€229,516
- Receivables within one year -€232,204
down €232,204 (-95.7%), from €242,702 to €10,498
- Cash +€142,611
up €142,611 (+168.4%), from €84,675 to €227,286
mainly Receivables within one year (+€232,204) and Debts after one year (+€113,200)
- Deferred charges and accrued income -€23,419
down €23,419 (-73.6%), from €31,808 to €8,389
- Debts after one year +€113,200
up €113,200 (+666.0%), from €16,997 to €130,196
- Trade debts -€20,413
down €20,413 (-78.8%), from €25,918 to €5,505
- Reserves +€17,426
up €17,426 (+5.2%), from €335,906 to €353,332
- Accrued charges and deferred income +€14,002
up €14,002 (+19.1%), from €73,228 to €87,230
- Current portion of long-term debt -€11,877
down €11,877 (-31.2%), from €38,015 to €26,138
- Staff costs +€59,217
up €59,217 (+28.5%), from €207,753 to €266,970
- Taxes -€32,764
down €32,764 (-84.8%), from €38,656 to €5,892
- Financial income -€9,408
no longer reported in 2025 (was €9,408)
- Gross operating margin -€5,162
down €5,162 (-1.4%), from €375,946 to €370,784
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 | €529,276 | €655,954 | +€126,679 | +23.9% |
| Fixed assets | 21/28 | €170,090 | €409,781 | +€239,690 | +140.9% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €164,980 | €409,531 | +€244,550 | +148.2% |
| Land and buildings | 22 | €76,742 | - | -€76,742 | |
| Plant, machinery and equipment | 23 | €83,516 | €161,189 | +€77,673 | +93.0% |
| Furniture and vehicles | 24 | €4,723 | €18,825 | +€14,103 | +298.6% |
| Other tangible fixed assets | 26 | - | €229,516 | +€229,516 | |
| Financial fixed assets | 28 | €5,110 | €250 | -€4,860 | -95.1% |
| Current assets | 29/58 | €359,185 | €246,174 | -€113,012 | -31.5% |
| Amounts receivable within one year | 40/41 | €242,702 | €10,498 | -€232,204 | -95.7% |
| Other amounts receivable | 41 | €242,702 | €10,498 | -€232,204 | -95.7% |
| Cash at bank and in hand | 54/58 | €84,675 | €227,286 | +€142,611 | +168.4% |
| Deferred charges and accrued income | 490/1 | €31,808 | €8,389 | -€23,419 | -73.6% |
| Total equity and liabilities | 10/49 | €529,276 | €655,954 | +€126,679 | +23.9% |
| Equity | 10/15 | €348,306 | €365,732 | +€17,426 | +5.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €335,906 | €353,332 | +€17,426 | +5.2% |
| Distributable reserves | 133 | €335,906 | €353,332 | +€17,426 | +5.2% |
| Amounts payable | 17/49 | €180,970 | €290,222 | +€109,253 | +60.4% |
| Amounts payable after more than one year | 17 | €16,997 | €130,196 | +€113,200 | +666.0% |
| Financial debts | 170/4 | €16,997 | €130,196 | +€113,200 | +666.0% |
| Amounts payable within one year | 42/48 | €90,745 | €72,796 | -€17,949 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €38,015 | €26,138 | -€11,877 | -31.2% |
| Trade debts | 44 | €25,918 | €5,505 | -€20,413 | -78.8% |
| Suppliers | 440/4 | €25,918 | €5,505 | -€20,413 | -78.8% |
| Taxes, remuneration and social security | 45 | €26,813 | €30,935 | +€4,123 | +15.4% |
| Taxes | 450/3 | €10,656 | €555 | -€10,101 | -94.8% |
| Remuneration and social security | 454/9 | €16,157 | €30,380 | +€14,224 | +88.0% |
| Other amounts payable | 47/48 | - | €10,218 | +€10,218 | |
| Accrued charges and deferred income | 492/3 | €73,228 | €87,230 | +€14,002 | +19.1% |
| Remuneration, social security and pensions | 62 | €207,753 | €266,970 | +€59,217 | +28.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,523 | €71,913 | +€2,390 | +3.4% |
| Other operating charges | 640/8 | €2,585 | €2,607 | +€23 | +0.9% |
| Gross operating margin | 9900 | €375,946 | €370,784 | -€5,162 | -1.4% |
| Operating profit (loss) | 9901 | €96,085 | €29,294 | -€66,791 | -69.5% |
| Financial income | 75/76B | €9,408 | - | -€9,408 | |
| Recurring financial income | 75 | €9,408 | - | -€9,408 | |
| Financial charges | 65/66B | €3,284 | €5,976 | +€2,692 | +82.0% |
| Recurring financial charges | 65 | €3,284 | €3,690 | +€406 | +12.3% |
| Non-recurring financial charges | 66B | - | €2,286 | +€2,286 | |
| Profit (loss) for the period before taxes | 9903 | €102,209 | €23,318 | -€78,890 | -77.2% |
| Income taxes | 67/77 | €38,656 | €5,892 | -€32,764 | -84.8% |
| Profit (loss) for the period | 9904 | €63,553 | €17,426 | -€46,127 | -72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €63,553 | €17,426 | -€46,127 | -72.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.