ORDIGES: 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.
ORDIGES
Largest movements
- Receivables within one year +€742,900
up €742,900 (+37.8%), from €2.0m to €2.7m
of which Trade receivables: +€742,866
- Cash +€39,690
up €39,690 (+8.7%), from €455,888 to €495,578
mainly Tax, wage and social debts (+€243,826) and Short-term financial debts (+€150,000)
- Tax, wage and social debts +€243,826
up €243,826 (+64.9%), from €375,968 to €619,794
of which Remuneration and social security: +€149,747
- Short-term financial debts +€150,000
new in 2025: €150,000
- Profit (loss) carried forward +€137,830
up €137,830 (+10.4%), from €1.3m to €1.5m
- Trade debts +€75,081
up €75,081 (+16.7%), from €450,405 to €525,486
- Provisions +€74,506
up €74,506 (+94.4%), from €78,902 to €153,408
- Turnover +€865,316
up €865,316 (+16.9%), from €5.1m to €6.0m
- Gross operating margin +€403,562
up €403,562 (+13.1%), from €3.1m to €3.5m
- Purchases and services +€271,732
up €271,732 (+10.7%), from €2.5m to €2.8m
- Staff costs +€173,332
up €173,332 (+5.9%), from €2.9m to €3.1m
- Taxes +€69,309
up €69,309 (+517%), from €13,409 to €82,718
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 | €3,070,142 | €3,797,773 | +€727,631 | +23.7% |
| Fixed assets | 21/28 | €573,874 | €522,450 | -€51,424 | -9.0% |
| Intangible fixed assets | 21 | €319 | €94 | -€225 | -70.5% |
| Tangible fixed assets | 22/27 | €138,616 | €109,329 | -€29,287 | -21.1% |
| Furniture and vehicles | 24 | €58,449 | €38,324 | -€20,125 | -34.4% |
| Other tangible fixed assets | 26 | €80,167 | €71,005 | -€9,162 | -11.4% |
| Financial fixed assets | 28 | €434,939 | €413,027 | -€21,912 | -5.0% |
| Current assets | 29/58 | €2,496,268 | €3,275,323 | +€779,055 | +31.2% |
| Amounts receivable within one year | 40/41 | €1,967,201 | €2,710,101 | +€742,900 | +37.8% |
| Trade receivables | 40 | €1,966,981 | €2,709,847 | +€742,866 | +37.8% |
| Other amounts receivable | 41 | €220 | €254 | +€34 | +15.5% |
| Current investments | 50/53 | €50,527 | €50,740 | +€213 | +0.4% |
| Cash at bank and in hand | 54/58 | €455,888 | €495,578 | +€39,690 | +8.7% |
| Deferred charges and accrued income | 490/1 | €22,652 | €18,904 | -€3,748 | -16.5% |
| Total equity and liabilities | 10/49 | €3,070,142 | €3,797,773 | +€727,631 | +23.7% |
| Equity | 10/15 | €1,466,269 | €1,604,099 | +€137,830 | +9.4% |
| Contributions | 10/11 | €95,000 | €95,000 | = | 0.0% |
| Capital | 10 | €95,000 | €95,000 | = | 0.0% |
| Issued capital | 100 | €95,000 | €95,000 | = | 0.0% |
| Reserves | 13 | €47,688 | €47,688 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,519 | €9,519 | = | 0.0% |
| Legal reserve | 130 | €9,519 | €9,519 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,098 | €19,098 | = | 0.0% |
| Distributable reserves | 133 | €19,071 | €19,071 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,323,581 | €1,461,411 | +€137,830 | +10.4% |
| Provisions and deferred taxes | 16 | €78,902 | €153,408 | +€74,506 | +94.4% |
| Provisions for liabilities and charges | 160/5 | €78,902 | €153,408 | +€74,506 | +94.4% |
| Pensions and similar obligations | 160 | €78,902 | €89,289 | +€10,387 | +13.2% |
| Other liabilities and charges | 164/5 | - | €64,119 | +€64,119 | |
| Amounts payable | 17/49 | €1,524,971 | €2,040,266 | +€515,295 | +33.8% |
| Amounts payable within one year | 42/48 | €837,548 | €1,297,689 | +€460,141 | +54.9% |
| Financial debts | 43 | - | €150,000 | +€150,000 | |
| Credit institutions | 430/8 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | €450,405 | €525,486 | +€75,081 | +16.7% |
| Suppliers | 440/4 | €450,405 | €525,486 | +€75,081 | +16.7% |
| Taxes, remuneration and social security | 45 | €375,968 | €619,794 | +€243,826 | +64.9% |
| Taxes | 450/3 | €39,466 | €133,545 | +€94,079 | +238% |
| Remuneration and social security | 454/9 | €336,502 | €486,249 | +€149,747 | +44.5% |
| Other amounts payable | 47/48 | €11,175 | €2,409 | -€8,766 | -78.4% |
| Accrued charges and deferred income | 492/3 | €687,423 | €742,577 | +€55,154 | +8.0% |
| Turnover | 70 | €5,128,170 | €5,993,486 | +€865,316 | +16.9% |
| Non-recurring operating income | 76A | €250,000 | - | -€250,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €2,544,675 | €2,816,407 | +€271,732 | +10.7% |
| Remuneration, social security and pensions | 62 | €2,920,748 | €3,094,080 | +€173,332 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,426 | €32,657 | -€1,769 | -5.1% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €41,317 | €74,506 | +€33,189 | +80.3% |
| Other operating charges | 640/8 | €14,023 | €8,706 | -€5,317 | -37.9% |
| Gross operating margin | 9900 | €3,074,823 | €3,478,385 | +€403,562 | +13.1% |
| Operating profit (loss) | 9901 | €64,309 | €268,436 | +€204,127 | +317% |
| Financial income | 75/76B | €1,527 | €1,517 | -€10 | -0.7% |
| Recurring financial income | 75 | €1,527 | €1,517 | -€10 | -0.7% |
| Financial charges | 65/66B | €38,580 | €49,405 | +€10,825 | +28.1% |
| Recurring financial charges | 65 | €38,580 | €49,405 | +€10,825 | +28.1% |
| Profit (loss) for the period before taxes | 9903 | €27,256 | €220,548 | +€193,292 | +709% |
| Income taxes | 67/77 | €13,409 | €82,718 | +€69,309 | +517% |
| Profit (loss) for the period | 9904 | €13,847 | €137,830 | +€123,983 | +895% |
| Profit (loss) for the period to be appropriated | 9905 | €13,847 | €137,830 | +€123,983 | +895% |
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 19 October 2026 via checked.be.