ORDEMA: 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.
ORDEMA
Largest movements
- Cash +€6,746
up €6,746 (+6.5%), from €103,241 to €109,987
mainly Net result for the year (+€18,759) and Depreciation (+€3,755)
- Receivables within one year +€4,906
up €4,906 (+12.7%), from €38,482 to €43,388
of which Trade receivables: +€2,504
- Tangible fixed assets -€3,755
down €3,755 (-23.9%), from €15,711 to €11,955
of which Furniture and vehicles: -€3,082
- Reserves +€12,464
up €12,464 (+9.9%), from €125,486 to €137,951
- Trade debts -€5,202
down €5,202 (-41.7%), from €12,472 to €7,270
- Gross operating margin +€2,503
up €2,503 (+8.3%), from €30,104 to €32,607
- Financial income -€1,564
down €1,564 (-76.6%), from €2,040 to €477
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 | €162,098 | €169,194 | +€7,096 | +4.4% |
| Fixed assets | 21/28 | €16,061 | €12,305 | -€3,755 | -23.4% |
| Tangible fixed assets | 22/27 | €15,711 | €11,955 | -€3,755 | -23.9% |
| Plant, machinery and equipment | 23 | €4,857 | €4,184 | -€673 | -13.9% |
| Furniture and vehicles | 24 | €10,853 | €7,771 | -€3,082 | -28.4% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €146,038 | €156,888 | +€10,851 | +7.4% |
| Amounts receivable within one year | 40/41 | €38,482 | €43,388 | +€4,906 | +12.7% |
| Trade receivables | 40 | €34,570 | €37,074 | +€2,504 | +7.2% |
| Other amounts receivable | 41 | €3,913 | €6,314 | +€2,401 | +61.4% |
| Cash at bank and in hand | 54/58 | €103,241 | €109,987 | +€6,746 | +6.5% |
| Deferred charges and accrued income | 490/1 | €4,314 | €3,513 | -€801 | -18.6% |
| Total equity and liabilities | 10/49 | €162,098 | €169,194 | +€7,096 | +4.4% |
| Equity | 10/15 | €145,092 | €157,557 | +€12,464 | +8.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €125,486 | €137,951 | +€12,464 | +9.9% |
| Distributable reserves | 133 | €125,486 | €137,951 | +€12,464 | +9.9% |
| Profit (loss) carried forward | 14 | €1,006 | €1,006 | = | 0.0% |
| Amounts payable | 17/49 | €17,006 | €11,637 | -€5,369 | -31.6% |
| Amounts payable within one year | 42/48 | €17,006 | €11,637 | -€5,369 | -31.6% |
| Trade debts | 44 | €12,472 | €7,270 | -€5,202 | -41.7% |
| Suppliers | 440/4 | €12,472 | €7,270 | -€5,202 | -41.7% |
| Taxes, remuneration and social security | 45 | €4,533 | €4,367 | -€167 | -3.7% |
| Taxes | 450/3 | €4,533 | €4,367 | -€167 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,015 | €3,755 | -€260 | -6.5% |
| Other operating charges | 640/8 | €1,111 | €1,145 | +€34 | +3.0% |
| Gross operating margin | 9900 | €30,104 | €32,607 | +€2,503 | +8.3% |
| Operating profit (loss) | 9901 | €24,978 | €27,708 | +€2,729 | +10.9% |
| Financial income | 75/76B | €2,040 | €477 | -€1,564 | -76.6% |
| Recurring financial income | 75 | €2,040 | €477 | -€1,564 | -76.6% |
| Financial charges | 65/66B | €301 | €311 | +€11 | +3.5% |
| Recurring financial charges | 65 | €301 | €311 | +€11 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €26,718 | €27,873 | +€1,155 | +4.3% |
| Income taxes | 67/77 | €8,846 | €9,114 | +€268 | +3.0% |
| Profit (loss) for the period | 9904 | €17,872 | €18,759 | +€887 | +5.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,872 | €18,759 | +€887 | +5.0% |
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 14 October 2026 via checked.be.