ORDIS: 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.
ORDIS
Largest movements
- Receivables within one year +€198,326
up €198,326 (+276%), from €71,904 to €270,230
of which Trade receivables: +€143,398
- Tangible fixed assets -€56,466
down €56,466 (-15.0%), from €377,127 to €320,661
of which Plant, machinery and equipment: -€44,050
- Cash -€37,495
down €37,495 (-72.9%), from €51,429 to €13,935
mainly Receivables within one year (-€198,326) and Debts after one year (-€78,276)
- Trade debts +€182,795
up €182,795 (+810%), from €22,561 to €205,356
- Debts after one year -€78,276
down €78,276 (-23.5%), from €332,483 to €254,207
- Staff costs +€18,659
up €18,659 (+16.8%), from €110,961 to €129,620
- Gross operating margin +€13,429
up €13,429 (+5.6%), from €239,919 to €253,347
- Financial charges -€5,807
down €5,807 (-32.1%), from €18,113 to €12,306
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 | €603,322 | €706,193 | +€102,871 | +17.1% |
| Fixed assets | 21/28 | €386,340 | €329,874 | -€56,466 | -14.6% |
| Tangible fixed assets | 22/27 | €377,127 | €320,661 | -€56,466 | -15.0% |
| Land and buildings | 22 | €205,707 | €193,522 | -€12,186 | -5.9% |
| Plant, machinery and equipment | 23 | €170,528 | €126,478 | -€44,050 | -25.8% |
| Furniture and vehicles | 24 | €891 | €661 | -€230 | -25.8% |
| Financial fixed assets | 28 | €9,213 | €9,213 | = | 0.0% |
| Current assets | 29/58 | €216,983 | €376,319 | +€159,337 | +73.4% |
| Stocks and contracts in progress | 3 | €93,650 | €90,407 | -€3,242 | -3.5% |
| Stocks | 30/36 | €93,650 | €90,407 | -€3,242 | -3.5% |
| Amounts receivable within one year | 40/41 | €71,904 | €270,230 | +€198,326 | +276% |
| Trade receivables | 40 | €4,342 | €147,740 | +€143,398 | +3,303% |
| Other amounts receivable | 41 | €67,562 | €122,490 | +€54,928 | +81.3% |
| Cash at bank and in hand | 54/58 | €51,429 | €13,935 | -€37,495 | -72.9% |
| Deferred charges and accrued income | 490/1 | - | €1,748 | +€1,748 | |
| Total equity and liabilities | 10/49 | €603,322 | €706,193 | +€102,871 | +17.1% |
| Equity | 10/15 | €93,500 | €93,500 | = | 0.0% |
| Contributions | 10/11 | €85,000 | €85,000 | = | 0.0% |
| Reserves | 13 | €8,500 | €8,500 | = | 0.0% |
| Distributable reserves | 133 | €8,500 | €8,500 | = | 0.0% |
| Amounts payable | 17/49 | €509,822 | €612,693 | +€102,871 | +20.2% |
| Amounts payable after more than one year | 17 | €332,483 | €254,207 | -€78,276 | -23.5% |
| Financial debts | 170/4 | €332,483 | €254,207 | -€78,276 | -23.5% |
| Amounts payable within one year | 42/48 | €177,340 | €358,487 | +€181,147 | +102% |
| Current portion of amounts payable after more than one year | 42 | €98,656 | €94,372 | -€4,284 | -4.3% |
| Trade debts | 44 | €22,561 | €205,356 | +€182,795 | +810% |
| Suppliers | 440/4 | €22,561 | €205,356 | +€182,795 | +810% |
| Taxes, remuneration and social security | 45 | €27,707 | €24,872 | -€2,835 | -10.2% |
| Taxes | 450/3 | €8,483 | €3,257 | -€5,225 | -61.6% |
| Remuneration and social security | 454/9 | €19,225 | €21,615 | +€2,390 | +12.4% |
| Other amounts payable | 47/48 | €28,416 | €33,887 | +€5,471 | +19.3% |
| Remuneration, social security and pensions | 62 | €110,961 | €129,620 | +€18,659 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,177 | €57,637 | -€1,540 | -2.6% |
| Other operating charges | 640/8 | €7,216 | €8,066 | +€849 | +11.8% |
| Gross operating margin | 9900 | €239,919 | €253,347 | +€13,429 | +5.6% |
| Operating profit (loss) | 9901 | €62,564 | €58,024 | -€4,540 | -7.3% |
| Financial income | 75/76B | €50 | €5 | -€45 | -89.2% |
| Recurring financial income | 75 | €50 | €5 | -€45 | -89.2% |
| Financial charges | 65/66B | €18,113 | €12,306 | -€5,807 | -32.1% |
| Recurring financial charges | 65 | €18,113 | €12,306 | -€5,807 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €44,501 | €45,723 | +€1,223 | +2.7% |
| Income taxes | 67/77 | €10,916 | €11,837 | +€921 | +8.4% |
| Profit (loss) for the period | 9904 | €33,585 | €33,887 | +€302 | +0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €33,585 | €33,887 | +€302 | +0.9% |
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 18 October 2026 via checked.be.