ORDINAAT: 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.
ORDINAAT
Largest movements
- Receivables within one year +€9,336
up €9,336 (+60.0%), from €15,549 to €24,885
of which Trade receivables: +€13,309
- Cash +€1,621
up €1,621 (+10.9%), from €14,829 to €16,450
mainly Net result for the year (+€24,435) and Tax, wage and social debts (+€3,223)
- Tangible fixed assets -€1,349
down €1,349 (-37.2%), from €3,621 to €2,273
- Reserves +€7,557
up €7,557 (+24.3%), from €31,037 to €38,594
- Trade debts -€3,600
down €3,600 (-43.6%), from €8,266 to €4,666
- Tax, wage and social debts +€3,223
up €3,223 (+41.2%), from €7,817 to €11,040
- Other debts +€2,085
up €2,085 (+210%), from €991 to €3,075
- Depreciation -€8,710
down €8,710 (-79.8%), from €10,911 to €2,201
- Gross operating margin +€8,106
up €8,106 (+26.1%), from €31,048 to €39,155
- Taxes +€3,929
up €3,929 (+59.6%), from €6,590 to €10,519
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 | €50,999 | €60,419 | +€9,420 | +18.5% |
| Fixed assets | 21/28 | €3,621 | €2,273 | -€1,349 | -37.2% |
| Tangible fixed assets | 22/27 | €3,621 | €2,273 | -€1,349 | -37.2% |
| Furniture and vehicles | 24 | €3,621 | €2,273 | -€1,349 | -37.2% |
| Current assets | 29/58 | €47,378 | €58,147 | +€10,769 | +22.7% |
| Amounts receivable after more than one year | 29 | €14,000 | €14,000 | = | 0.0% |
| Other amounts receivable | 291 | €14,000 | €14,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,549 | €24,885 | +€9,336 | +60.0% |
| Trade receivables | 40 | €11,576 | €24,885 | +€13,309 | +115% |
| Other amounts receivable | 41 | €3,973 | €0 | -€3,973 | -100% |
| Cash at bank and in hand | 54/58 | €14,829 | €16,450 | +€1,621 | +10.9% |
| Deferred charges and accrued income | 490/1 | €3,000 | €2,811 | -€188 | -6.3% |
| Total equity and liabilities | 10/49 | €50,999 | €60,419 | +€9,420 | +18.5% |
| Equity | 10/15 | €31,538 | €39,094 | +€7,556 | +24.0% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €31,037 | €38,594 | +€7,557 | +24.3% |
| Distributable reserves | 133 | €31,037 | €38,594 | +€7,557 | +24.3% |
| Profit (loss) carried forward | 14 | €1 | €0 | -€1 | -100% |
| Amounts payable | 17/49 | €19,461 | €21,325 | +€1,864 | +9.6% |
| Amounts payable within one year | 42/48 | €19,074 | €20,781 | +€1,708 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €2,000 | €2,000 | = | 0.0% |
| Credit institutions | 430/8 | €2,000 | €2,000 | = | 0.0% |
| Trade debts | 44 | €8,266 | €4,666 | -€3,600 | -43.6% |
| Suppliers | 440/4 | €8,266 | €4,666 | -€3,600 | -43.6% |
| Taxes, remuneration and social security | 45 | €7,817 | €11,040 | +€3,223 | +41.2% |
| Taxes | 450/3 | €7,817 | €11,040 | +€3,223 | +41.2% |
| Other amounts payable | 47/48 | €991 | €3,075 | +€2,085 | +210% |
| Accrued charges and deferred income | 492/3 | €387 | €544 | +€156 | +40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,911 | €2,201 | -€8,710 | -79.8% |
| Other operating charges | 640/8 | €1,341 | €1,118 | -€223 | -16.6% |
| Gross operating margin | 9900 | €31,048 | €39,155 | +€8,106 | +26.1% |
| Operating profit (loss) | 9901 | €18,797 | €35,836 | +€17,039 | +90.6% |
| Financial income | 75/76B | €18 | €0 | -€18 | -100% |
| Recurring financial income | 75 | €18 | €0 | -€18 | -100% |
| Financial charges | 65/66B | €982 | €882 | -€100 | -10.2% |
| Recurring financial charges | 65 | €982 | €882 | -€100 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €17,832 | €34,954 | +€17,121 | +96.0% |
| Income taxes | 67/77 | €6,590 | €10,519 | +€3,929 | +59.6% |
| Profit (loss) for the period | 9904 | €11,243 | €24,435 | +€13,192 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €11,243 | €24,435 | +€13,192 | +117% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.