ORDAMA group: 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.
ORDAMA group
Largest movements
- Tangible fixed assets +€608,269
up €608,269 (+2,590%), from €23,487 to €631,756
of which Leasing and similar rights: +€629,193
- Cash +€171,650
up €171,650 (+157%), from €109,577 to €281,227
mainly Debts after one year (+€592,249) and Net result for the year (+€246,260)
- Receivables within one year -€88,055
down €88,055 (-100%), from €88,055 to €0
of which Trade receivables: -€53,102
- Deferred charges and accrued income +€49,881
up €49,881 (+3,137%), from €1,590 to €51,471
- Debts after one year +€592,249
new in 2025: €592,249
- Other debts +€110,210
up €110,210 (+72.8%), from €151,299 to €261,509
- Profit (loss) carried forward -€63,698
down €63,698 (-100%), from €63,698 to €0
- Reserves +€46,260
new in 2025: €46,260
- Tax, wage and social debts +€42,154
up €42,154 (+16,737%), from €252 to €42,406
of which Taxes: +€28,575
- Gross operating margin +€101,523
up €101,523 (+32.3%), from €314,747 to €416,270
- Taxes +€22,453
up €22,453 (+37.4%), from €60,047 to €82,500
- Staff costs +€16,194
up €16,194 (+29.7%), from €54,564 to €70,757
- Depreciation +€14,008
up €14,008 (+12,179%), from €115 to €14,123
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 | €222,709 | €964,455 | +€741,746 | +333% |
| Fixed assets | 21/28 | €23,487 | €631,756 | +€608,269 | +2,590% |
| Tangible fixed assets | 22/27 | €23,487 | €631,756 | +€608,269 | +2,590% |
| Land and buildings | 22 | €22,500 | €0 | -€22,500 | -100% |
| Plant, machinery and equipment | 23 | €987 | €2,564 | +€1,577 | +160% |
| Leasing and similar rights | 25 | - | €629,193 | +€629,193 | |
| Current assets | 29/58 | €199,222 | €332,698 | +€133,476 | +67.0% |
| Amounts receivable within one year | 40/41 | €88,055 | €0 | -€88,055 | -100% |
| Trade receivables | 40 | €53,102 | €0 | -€53,102 | -100% |
| Other amounts receivable | 41 | €34,953 | €0 | -€34,953 | -100% |
| Cash at bank and in hand | 54/58 | €109,577 | €281,227 | +€171,650 | +157% |
| Deferred charges and accrued income | 490/1 | €1,590 | €51,471 | +€49,881 | +3,137% |
| Total equity and liabilities | 10/49 | €222,709 | €964,455 | +€741,746 | +333% |
| Equity | 10/15 | €68,698 | €51,260 | -€17,438 | -25.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €46,260 | +€46,260 | |
| Distributable reserves | 133 | - | €46,260 | +€46,260 | |
| Profit (loss) carried forward | 14 | €63,698 | €0 | -€63,698 | -100% |
| Amounts payable | 17/49 | €154,011 | €913,195 | +€759,184 | +493% |
| Amounts payable after more than one year | 17 | - | €592,249 | +€592,249 | |
| Financial debts | 170/4 | - | €592,249 | +€592,249 | |
| Amounts payable within one year | 42/48 | €154,011 | €320,358 | +€166,347 | +108% |
| Current portion of amounts payable after more than one year | 42 | - | €16,442 | +€16,442 | |
| Trade debts | 44 | €2,460 | €0 | -€2,460 | -100% |
| Suppliers | 440/4 | €2,460 | €0 | -€2,460 | -100% |
| Taxes, remuneration and social security | 45 | €252 | €42,406 | +€42,154 | +16,737% |
| Taxes | 450/3 | €252 | €28,827 | +€28,575 | +11,345% |
| Remuneration and social security | 454/9 | - | €13,579 | +€13,579 | |
| Other amounts payable | 47/48 | €151,299 | €261,509 | +€110,210 | +72.8% |
| Accrued charges and deferred income | 492/3 | - | €588 | +€588 | |
| Remuneration, social security and pensions | 62 | €54,564 | €70,757 | +€16,194 | +29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €115 | €14,123 | +€14,008 | +12,179% |
| Other operating charges | 640/8 | €387 | €254 | -€133 | -34.4% |
| Gross operating margin | 9900 | €314,747 | €416,270 | +€101,523 | +32.3% |
| Operating profit (loss) | 9901 | €259,681 | €331,136 | +€71,454 | +27.5% |
| Financial income | 75/76B | €0 | €1 | +€1 | +9,800% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +9,800% |
| Financial charges | 65/66B | €883 | €2,377 | +€1,493 | +169% |
| Recurring financial charges | 65 | €883 | €2,377 | +€1,493 | +169% |
| Profit (loss) for the period before taxes | 9903 | €258,798 | €328,760 | +€69,962 | +27.0% |
| Income taxes | 67/77 | €60,047 | €82,500 | +€22,453 | +37.4% |
| Profit (loss) for the period | 9904 | €198,751 | €246,260 | +€47,509 | +23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €198,751 | €246,260 | +€47,509 | +23.9% |
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 28 October 2026 via checked.be.