ORE: what changed
Two fiscal 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.
ORE
Largest movements
- Financial fixed assets -€336,756
no longer reported in 2025 (was €336,756)
- Cash +€168,815
up €168,815 (+902.6%), from €18,703 to €187,518
mainly Investment in fixed assets (net) (+€332,863) and Net result for the year (+€126,639)
- Tangible fixed assets +€3,893
new in 2025: €3,893
- Debts after one year -€251,711
no longer reported in 2025 (was €251,711)
- Profit (loss) carried forward +€126,639
up €126,639 (+75.7%), from -€167,394 to -€40,755
- Contributions -€58,600
down €58,600 (-24.9%), from €235,100 to €176,500
- Other debts +€23,903
up €23,903 (+74.1%), from €32,239 to €56,142
- Tax, wage and social debts -€5,098
down €5,098 (-61.2%), from €8,331 to €3,232
- Financial income +€163,244
new in 2025: €163,244
of which Financial income: +€163,244
- Gross operating margin -€24,056
down €24,056 (-1886.7%), from -€1,275 to -€25,331
- Financial charges -€3,473
down €3,473 (-24.2%), from €14,347 to €10,874
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.
Cash bridge derived
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 | €361,226 | €196,481 | -€164,745 | -45.6% |
| Fixed assets | 21/28 | €336,756 | €3,893 | -€332,863 | -98.8% |
| Tangible fixed assets | 22/27 | - | €3,893 | +€3,893 | |
| Furniture and vehicles | 24 | - | €3,893 | +€3,893 | |
| Financial fixed assets | 28 | €336,756 | - | -€336,756 | |
| Current assets | 29/58 | €24,470 | €192,588 | +€168,118 | +687.1% |
| Amounts receivable within one year | 40/41 | €5,766 | €5,070 | -€697 | -12.1% |
| Trade receivables | 40 | €4,210 | €4,210 | = | 0.0% |
| Other amounts receivable | 41 | €1,556 | €860 | -€697 | -44.8% |
| Cash at bank and in hand | 54/58 | €18,703 | €187,518 | +€168,815 | +902.6% |
| Total equity and liabilities | 10/49 | €361,226 | €196,481 | -€164,745 | -45.6% |
| Equity | 10/15 | €67,706 | €135,745 | +€68,039 | +100.5% |
| Contributions | 10/11 | €235,100 | €176,500 | -€58,600 | -24.9% |
| Profit (loss) carried forward | 14 | -€167,394 | -€40,755 | +€126,639 | +75.7% |
| Amounts payable | 17/49 | €293,520 | €60,736 | -€232,784 | -79.3% |
| Amounts payable after more than one year | 17 | €251,711 | - | -€251,711 | |
| Other amounts payable | 178/9 | €251,711 | - | -€251,711 | |
| Amounts payable within one year | 42/48 | €41,809 | €60,736 | +€18,927 | +45.3% |
| Trade debts | 44 | €1,239 | €1,361 | +€122 | +9.8% |
| Suppliers | 440/4 | €1,239 | €1,361 | +€122 | +9.8% |
| Taxes, remuneration and social security | 45 | €8,331 | €3,232 | -€5,098 | -61.2% |
| Taxes | 450/3 | €8,331 | €3,232 | -€5,098 | -61.2% |
| Other amounts payable | 47/48 | €32,239 | €56,142 | +€23,903 | +74.1% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€1,275 | -€25,331 | -€24,056 | -1886.7% |
| Operating profit (loss) | 9901 | -€1,662 | -€25,730 | -€24,068 | -1447.8% |
| Financial income | 75/76B | - | €163,244 | +€163,244 | |
| Recurring financial income | 75 | - | €163,244 | +€163,244 | |
| Non-recurring financial income | 76B | - | €163,244 | +€163,244 | |
| Financial charges | 65/66B | €14,347 | €10,874 | -€3,473 | -24.2% |
| Recurring financial charges | 65 | €14,347 | €10,874 | -€3,473 | -24.2% |
| Profit (loss) for the period before taxes | 9903 | -€16,010 | €126,639 | +€142,649 | |
| Profit (loss) for the period | 9904 | -€16,010 | €126,639 | +€142,649 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,010 | €126,639 | +€142,649 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.