Ordal: what changed
What changed
Ordal
NACE 11.070, Manufacture of beverages
filed annual accounts (NBB)
Net result for the year
€2.4m
2024 · €2.4m-€14,905
Equity
€7.6m
2024 · €6.5m+€1.1m
Cash
€7.5m
2024 · €2.1m+€5.3m
Balance sheet total
€16.8m
2024 · €14.6m+€2.2m
Largest movements
Assets
- Cash +€5.3m
up €5.3m (+255%), from €2.1m to €7.5m
mainly Current investments (+€4.1m) and Net result for the year (+€2.4m)
- Current investments -€4.1m
down €4.1m (-93.5%), from €4.4m to €281,000
- Receivables within one year +€927,061
up €927,061 (+29.2%), from €3.2m to €4.1m
of which Trade receivables: +€976,992
- Tangible fixed assets +€185,797
up €185,797 (+5.1%), from €3.6m to €3.8m
of which Plant, machinery and equipment: +€170,352
Equity and liabilities
- Profit (loss) carried forward +€981,144
up €981,144 (+33.1%), from €3.0m to €3.9m
- Other debts +€557,839
up €557,839 (+10.9%), from €5.1m to €5.7m
- Trade debts +€368,585
up €368,585 (+35.6%), from €1.0m to €1.4m
- Debts after one year -€300,000
down €300,000 (-24.5%), from €1.2m to €925,000
- Accrued charges and deferred income +€289,267
up €289,267 (+225%), from €128,336 to €417,603
Income statement
- Services and other goods +€1.1m
up €1.1m (+18.5%), from €5.7m to €6.8m
- Turnover +€916,021
up €916,021 (+4.6%), from €20.0m to €20.9m
- Staff costs +€236,380
up €236,380 (+10.2%), from €2.3m to €2.6m
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€2.4m
Turnover
+€916,021
Other operating income
+€4,723
Goods and materials
+€87,442
Services and other goods
-€1.1m
Staff costs
-€236,380
Depreciation
+€129,225
Write-downs
+€7,892
Other operating charges
+€6,403
Other operating items
+€115,633
Financial income
+€17,997
Financial charges
+€7,723
Taxes
-€5,125
Deferred taxes and other
-€3,130
Result 2025
€2.4m
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€4.5m
Investment
+€2.4m
Financing
-€1.6m
Cash 2024
€2.1m
From operations (derived)
+€4.5m
Net result for the year
+€2.4m
Depreciation
+€1.5m
Stocks and contracts
+€141,883
Receivables within one year
-€927,061
Deferred charges and accrued income
+€83,260
Trade debts
+€368,585
Tax, wage and social debts
+€152,787
Other debts
+€557,839
Accrued charges and deferred income
+€289,267
Investment (derived)
+€2.4m
Investment in fixed assets (net)
-€1.6m
Current investments
+€4.1m
Financing
-€1.6m
Debts after one year
-€300,000
Current portion of long-term debt
-€46,584
Short-term financial debts
+€1,145
Contributions, distributions and other
-€1.3m
Cash 2025
€7.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,637,730 | €16,810,314 | +€2.2m | +14.8% |
| Fixed assets | 21/28 | €3,619,390 | €3,810,188 | +€190,797 | +5.3% |
| Tangible fixed assets | 22/27 | €3,618,850 | €3,804,648 | +€185,797 | +5.1% |
| Plant, machinery and equipment | 23 | €3,342,931 | €3,513,284 | +€170,352 | +5.1% |
| Furniture and vehicles | 24 | €275,919 | €236,110 | -€39,808 | -14.4% |
| Other tangible fixed assets | 26 | - | €55,253 | +€55,253 | |
| Financial fixed assets | 28 | €540 | €5,540 | +€5,000 | +926% |
| Other financial fixed assets | 284/8 | €540 | €5,540 | +€5,000 | +926% |
| Amounts receivable and cash guarantees | 285/8 | €540 | €5,540 | +€5,000 | +926% |
| Current assets | 29/58 | €11,018,340 | €13,000,126 | +€2.0m | +18.0% |
| Amounts receivable after more than one year | 29 | €35,953 | €35,953 | = | 0.0% |
| Other amounts receivable | 291 | €35,953 | €35,953 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,229,047 | €1,087,164 | -€141,883 | -11.5% |
| Stocks | 30/36 | €1,229,047 | €1,087,164 | -€141,883 | -11.5% |
| Raw materials and consumables | 30/31 | €831,390 | €702,997 | -€128,393 | -15.4% |
| Finished goods | 33 | - | €384,166 | +€384,166 | |
| Goods purchased for resale | 34 | €397,657 | - | -€397,657 | |
| Amounts receivable within one year | 40/41 | €3,179,310 | €4,106,371 | +€927,061 | +29.2% |
| Trade receivables | 40 | €2,874,466 | €3,851,457 | +€976,992 | +34.0% |
| Other amounts receivable | 41 | €304,845 | €254,914 | -€49,930 | -16.4% |
| Current investments | 50/53 | €4,351,000 | €281,000 | -€4.1m | -93.5% |
| Other investments | 51/53 | €4,351,000 | €281,000 | -€4.1m | -93.5% |
| Cash at bank and in hand | 54/58 | €2,101,494 | €7,451,363 | +€5.3m | +255% |
| Deferred charges and accrued income | 490/1 | €121,536 | €38,275 | -€83,260 | -68.5% |
| Total equity and liabilities | 10/49 | €14,637,730 | €16,810,314 | +€2.2m | +14.8% |
| Equity | 10/15 | €6,462,756 | €7,612,300 | +€1.1m | +17.8% |
| Contributions | 10/11 | €45,146 | €45,146 | = | 0.0% |
| Reserves | 13 | €3,455,565 | €3,623,965 | +€168,400 | +4.9% |
| Tax-exempt reserves | 132 | €1,932,336 | €1,471,568 | -€460,768 | -23.8% |
| Distributable reserves | 133 | €1,523,228 | €2,152,397 | +€629,168 | +41.3% |
| Profit (loss) carried forward | 14 | €2,962,046 | €3,943,190 | +€981,144 | +33.1% |
| Amounts payable | 17/49 | €8,174,974 | €9,198,013 | +€1.0m | +12.5% |
| Amounts payable after more than one year | 17 | €1,225,000 | €925,000 | -€300,000 | -24.5% |
| Financial debts | 170/4 | €1,225,000 | €925,000 | -€300,000 | -24.5% |
| Credit institutions | 173 | €1,225,000 | €925,000 | -€300,000 | -24.5% |
| Amounts payable within one year | 42/48 | €6,821,638 | €7,855,410 | +€1.0m | +15.2% |
| Current portion of amounts payable after more than one year | 42 | €346,584 | €300,000 | -€46,584 | -13.4% |
| Financial debts | 43 | €3,840 | €4,985 | +€1,145 | +29.8% |
| Credit institutions | 430/8 | €3,840 | - | -€3,840 | |
| Other loans | 439 | - | €4,985 | +€4,985 | |
| Trade debts | 44 | €1,034,361 | €1,402,946 | +€368,585 | +35.6% |
| Suppliers | 440/4 | €1,034,361 | €1,402,946 | +€368,585 | +35.6% |
| Taxes, remuneration and social security | 45 | €315,005 | €467,792 | +€152,787 | +48.5% |
| Taxes | 450/3 | €1,395 | €53,443 | +€52,049 | +3,732% |
| Remuneration and social security | 454/9 | €313,611 | €414,349 | +€100,738 | +32.1% |
| Other amounts payable | 47/48 | €5,121,848 | €5,679,687 | +€557,839 | +10.9% |
| Accrued charges and deferred income | 492/3 | €128,336 | €417,603 | +€289,267 | +225% |
| Operating income | 70/76A | €20,078,998 | €21,008,792 | +€929,794 | +4.6% |
| Turnover | 70 | €19,955,479 | €20,871,500 | +€916,021 | +4.6% |
| Other operating income | 74 | €123,519 | €128,242 | +€4,723 | +3.8% |
| Non-recurring operating income | 76A | - | €9,050 | +€9,050 | |
| Operating charges | 60/66A | €17,325,187 | €18,287,350 | +€962,163 | +5.6% |
| Goods for resale, raw materials and consumables | 60 | €7,382,790 | €7,295,348 | -€87,442 | -1.2% |
| Purchases | 600/8 | €7,530,911 | €7,153,465 | -€377,446 | -5.0% |
| Change in stocks: decrease (increase) | 609 | -€148,121 | €141,883 | +€290,005 | |
| Services and other goods | 61 | €5,746,859 | €6,810,188 | +€1.1m | +18.5% |
| Remuneration, social security and pensions | 62 | €2,323,501 | €2,559,881 | +€236,380 | +10.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,585,280 | €1,456,055 | -€129,225 | -8.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,269 | €1,377 | -€7,892 | -85.1% |
| Other operating charges | 640/8 | €170,904 | €164,501 | -€6,403 | -3.7% |
| Non-recurring operating charges | 66A | €106,583 | €0 | -€106,583 | -100% |
| Operating profit (loss) | 9901 | €2,753,812 | €2,721,442 | -€32,370 | -1.2% |
| Financial income | 75/76B | €74,992 | €92,989 | +€17,997 | +24.0% |
| Recurring financial income | 75 | €74,992 | €92,989 | +€17,997 | +24.0% |
| Income from financial fixed assets | 750 | - | €2,876 | +€2,876 | |
| Income from current assets | 751 | - | €57,232 | +€57,232 | |
| Other financial income | 752/9 | €74,992 | €32,881 | -€42,111 | -56.2% |
| Financial charges | 65/66B | €24,286 | €16,563 | -€7,723 | -31.8% |
| Recurring financial charges | 65 | €24,286 | €16,563 | -€7,723 | -31.8% |
| Debt charges | 650 | €14,487 | €10,859 | -€3,629 | -25.0% |
| Other financial charges | 652/9 | €9,798 | €5,705 | -€4,094 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €2,804,517 | €2,797,868 | -€6,650 | -0.2% |
| Transfer from deferred taxes | 780 | €3,130 | €0 | -€3,130 | -100% |
| Income taxes | 67/77 | €384,158 | €389,283 | +€5,125 | +1.3% |
| Taxes | 670/3 | €384,158 | €389,283 | +€5,125 | +1.3% |
| Profit (loss) for the period | 9904 | €2,423,490 | €2,408,585 | -€14,905 | -0.6% |
| Transfer from tax-exempt reserves | 789 | €4,869 | €631,500 | +€626,631 | +12,871% |
| Transfer to tax-exempt reserves | 689 | €1,507 | €168,400 | +€166,893 | +11,071% |
| Profit (loss) for the period to be appropriated | 9905 | €2,426,851 | €2,871,685 | +€444,834 | +18.3% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.