ORDA: 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.
ORDA
Largest movements
- Tangible fixed assets +€36,853
up €36,853 (+8,830%), from €417 to €37,270
- Cash -€19,886
down €19,886 (-20.2%), from €98,493 to €78,607
mainly Investment in fixed assets (net) (-€42,918) and Contributions, distributions and other (-€10,000)
- Other debts +€8,500
up €8,500 (+161%), from €5,286 to €13,786
- Reserves +€8,046
up €8,046 (+17.1%), from €46,914 to €54,960
of which Distributable reserves: +€8,046
- Gross operating margin -€17,394
down €17,394 (-36.1%), from €48,175 to €30,782
- Taxes -€9,791
down €9,791 (-65.7%), from €14,897 to €5,107
- Depreciation +€5,699
up €5,699 (+1,557%), from €366 to €6,065
- Other operating charges +€1,473
new in 2024: €1,473
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €117,549 | €134,169 | +€16,620 | +14.1% |
| Fixed assets | 21/28 | €417 | €37,270 | +€36,853 | +8,830% |
| Tangible fixed assets | 22/27 | €417 | €37,270 | +€36,853 | +8,830% |
| Furniture and vehicles | 24 | €417 | €37,270 | +€36,853 | +8,830% |
| Current assets | 29/58 | €117,132 | €96,899 | -€20,234 | -17.3% |
| Amounts receivable within one year | 40/41 | €18,139 | €17,208 | -€931 | -5.1% |
| Trade receivables | 40 | €9,682 | €750 | -€8,931 | -92.3% |
| Other amounts receivable | 41 | €8,458 | €16,458 | +€8,000 | +94.6% |
| Cash at bank and in hand | 54/58 | €98,493 | €78,607 | -€19,886 | -20.2% |
| Deferred charges and accrued income | 490/1 | €500 | €1,083 | +€583 | +117% |
| Total equity and liabilities | 10/49 | €117,549 | €134,169 | +€16,620 | +14.1% |
| Equity | 10/15 | €103,393 | €111,439 | +€8,046 | +7.8% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €46,914 | €54,960 | +€8,046 | +17.1% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €44,414 | €52,460 | +€8,046 | +18.1% |
| Profit (loss) carried forward | 14 | €31,479 | €31,479 | = | 0.0% |
| Amounts payable | 17/49 | €14,156 | €22,730 | +€8,574 | +60.6% |
| Amounts payable within one year | 42/48 | €14,156 | €22,730 | +€8,574 | +60.6% |
| Trade debts | 44 | €903 | €871 | -€33 | -3.6% |
| Suppliers | 440/4 | €903 | €871 | -€33 | -3.6% |
| Taxes, remuneration and social security | 45 | €7,967 | €8,073 | +€107 | +1.3% |
| Taxes | 450/3 | €7,967 | €8,073 | +€107 | +1.3% |
| Other amounts payable | 47/48 | €5,286 | €13,786 | +€8,500 | +161% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €366 | €6,065 | +€5,699 | +1,557% |
| Other operating charges | 640/8 | - | €1,473 | +€1,473 | |
| Gross operating margin | 9900 | €48,175 | €30,782 | -€17,394 | -36.1% |
| Operating profit (loss) | 9901 | €47,809 | €23,244 | -€24,566 | -51.4% |
| Financial income | 75/76B | €79 | €62 | -€18 | -22.2% |
| Recurring financial income | 75 | €79 | €62 | -€18 | -22.2% |
| Financial charges | 65/66B | €214 | €153 | -€60 | -28.2% |
| Recurring financial charges | 65 | €214 | €153 | -€60 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €47,675 | €23,152 | -€24,523 | -51.4% |
| Income taxes | 67/77 | €14,897 | €5,107 | -€9,791 | -65.7% |
| Profit (loss) for the period | 9904 | €32,778 | €18,046 | -€14,733 | -44.9% |
| Profit (loss) for the period to be appropriated | 9905 | €32,778 | €18,046 | -€14,733 | -44.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.