ORDI-TRUST: 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.
ORDI-TRUST
Largest movements
- Cash +€24,132
up €24,132 (+44.9%), from €53,715 to €77,846
mainly Net result for the year (+€41,111) and Depreciation (+€9,988)
- Tangible fixed assets -€9,988
down €9,988 (-22.8%), from €43,900 to €33,912
of which Furniture and vehicles: -€9,832
- Receivables within one year +€3,915
up €3,915 (+176%), from €2,223 to €6,137
of which Trade receivables: +€3,861
- Stocks and contracts +€1,542
up €1,542 (+259%), from €595 to €2,137
- Reserves +€41,111
new in 2025: €41,111
- Debts after one year -€8,452
down €8,452 (-39.9%), from €21,170 to €12,718
- Trade debts -€8,219
down €8,219 (-33.4%), from €24,615 to €16,396
- Other debts -€4,326
down €4,326 (-70.2%), from €6,161 to €1,835
- Gross operating margin +€53,344
up €53,344 (+75.8%), from €70,409 to €123,753
- Taxes +€17,645
up €17,645 (+546%), from €3,231 to €20,875
- Depreciation +€4,067
up €4,067 (+68.7%), from €5,921 to €9,988
- Other operating charges +€2,616
up €2,616 (+705%), from €371 to €2,987
- Staff costs -€2,185
down €2,185 (-6.4%), from €34,035 to €31,850
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 | €105,542 | €125,714 | +€20,172 | +19.1% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €49,010 | €38,798 | -€10,212 | -20.8% |
| Tangible fixed assets | 22/27 | €43,900 | €33,912 | -€9,988 | -22.8% |
| Plant, machinery and equipment | 23 | €442 | €286 | -€156 | -35.3% |
| Furniture and vehicles | 24 | €43,458 | €33,625 | -€9,832 | -22.6% |
| Financial fixed assets | 28 | €5,110 | €4,886 | -€223 | -4.4% |
| Current assets | 29/58 | €56,532 | €86,916 | +€30,383 | +53.7% |
| Stocks and contracts in progress | 3 | €595 | €2,137 | +€1,542 | +259% |
| Stocks | 30/36 | €595 | €2,137 | +€1,542 | +259% |
| Amounts receivable within one year | 40/41 | €2,223 | €6,137 | +€3,915 | +176% |
| Trade receivables | 40 | €522 | €4,383 | +€3,861 | +739% |
| Other amounts receivable | 41 | €1,700 | €1,754 | +€54 | +3.2% |
| Cash at bank and in hand | 54/58 | €53,715 | €77,846 | +€24,132 | +44.9% |
| Deferred charges and accrued income | 490/1 | - | €794 | +€794 | |
| Total equity and liabilities | 10/49 | €105,542 | €125,714 | +€20,172 | +19.1% |
| Equity | 10/15 | €26,056 | €67,167 | +€41,111 | +158% |
| Reserves | 13 | - | €41,111 | +€41,111 | |
| Distributable reserves | 133 | - | €41,111 | +€41,111 | |
| Profit (loss) carried forward | 14 | €26,056 | €26,056 | +€0 | 0.0% |
| Amounts payable | 17/49 | €79,486 | €58,547 | -€20,939 | -26.3% |
| Amounts payable after more than one year | 17 | €21,170 | €12,718 | -€8,452 | -39.9% |
| Financial debts | 170/4 | €21,170 | €12,718 | -€8,452 | -39.9% |
| Amounts payable within one year | 42/48 | €58,316 | €45,828 | -€12,488 | -21.4% |
| Current portion of amounts payable after more than one year | 42 | €8,041 | €8,452 | +€411 | +5.1% |
| Trade debts | 44 | €24,615 | €16,396 | -€8,219 | -33.4% |
| Suppliers | 440/4 | €24,615 | €16,396 | -€8,219 | -33.4% |
| Taxes, remuneration and social security | 45 | €19,500 | €19,146 | -€354 | -1.8% |
| Taxes | 450/3 | €15,682 | €14,276 | -€1,405 | -9.0% |
| Remuneration and social security | 454/9 | €3,818 | €4,870 | +€1,051 | +27.5% |
| Other amounts payable | 47/48 | €6,161 | €1,835 | -€4,326 | -70.2% |
| Remuneration, social security and pensions | 62 | €34,035 | €31,850 | -€2,185 | -6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,921 | €9,988 | +€4,067 | +68.7% |
| Other operating charges | 640/8 | €371 | €2,987 | +€2,616 | +705% |
| Gross operating margin | 9900 | €70,409 | €123,753 | +€53,344 | +75.8% |
| Operating profit (loss) | 9901 | €30,082 | €78,927 | +€48,845 | +162% |
| Financial income | 75/76B | €0 | €76 | +€76 | +50,840% |
| Recurring financial income | 75 | €0 | €76 | +€76 | +50,840% |
| Financial charges | 65/66B | €18,050 | €17,017 | -€1,033 | -5.7% |
| Recurring financial charges | 65 | €18,050 | €17,017 | -€1,033 | -5.7% |
| Profit (loss) for the period before taxes | 9903 | €12,032 | €61,987 | +€49,955 | +415% |
| Income taxes | 67/77 | €3,231 | €20,875 | +€17,645 | +546% |
| Profit (loss) for the period | 9904 | €8,801 | €41,111 | +€32,310 | +367% |
| Profit (loss) for the period to be appropriated | 9905 | €8,801 | €41,111 | +€32,310 | +367% |
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 16 October 2026 via checked.be.