OREA: 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.
What changed
OREA
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€127,941
2024 · €227,124-€355,064
Equity
€9.3m
2024 · €9.4m-€127,941
Cash
€1.2m
2024 · €1.5m-€304,467
Balance sheet total
€9.4m
2024 · €9.8m-€441,768
Largest movements
Assets
- Cash -€304,467
down €304,467 (-20.9%), from €1.5m to €1.2m
mainly Debts after one year (-€311,199) and Net result for the year (-€127,941)
- Receivables after one year -€127,910
down €127,910 (-31.9%), from €400,981 to €273,072
Equity and liabilities
- Debts after one year -€311,199
down €311,199 (-100.0%), from €311,199 to €0
- Profit (loss) carried forward -€127,941
down €127,941 (-4.8%), from €2.7m to €2.6m
Income statement
- Financial income -€227,473
down €227,473 (-43.8%), from €519,740 to €292,267
of which Financial income: -€227,473
- Financial charges +€109,974
up €109,974 (+166.4%), from €66,077 to €176,050
- Gross operating margin -€34,947
down €34,947 (-53.7%), from -€65,105 to -€100,051
- Depreciation -€11,722
down €11,722 (-10.4%), from €112,272 to €100,550
- Other operating charges -€5,077
down €5,077 (-49.0%), from €10,366 to €5,289
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.
Result 2024
€227,124
Gross operating margin
-€34,947
Staff costs
+€2,462
Depreciation
+€11,722
Other operating charges
+€5,077
Financial income
-€227,473
Financial charges
-€109,974
Taxes
-€1,932
Result 2025
-€127,941
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.
From operations
+€102,390
Investment
-€95,657
Financing
-€311,199
Cash 2024
€1.5m
From operations (derived)
+€102,390
Net result for the year
-€127,941
Depreciation
+€100,550
Receivables after one year
+€127,910
Receivables within one year
+€1,566
Deferred charges and accrued income
+€2,932
Trade debts
+€2,174
Tax, wage and social debts
-€1,840
Other debts
-€4,245
Accrued charges and deferred income
+€1,283
Investment (derived)
-€95,657
Investment in fixed assets (net)
-€36,567
Current investments
-€59,089
Financing
-€311,199
Debts after one year
-€311,199
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,791,826 | €9,350,058 | -€441,768 | -4.5% |
| Fixed assets | 21/28 | €3,195,974 | €3,131,991 | -€63,983 | -2.0% |
| Tangible fixed assets | 22/27 | €1,851,761 | €1,787,778 | -€63,983 | -3.5% |
| Land and buildings | 22 | €1,721,859 | €1,665,145 | -€56,715 | -3.3% |
| Plant, machinery and equipment | 23 | €71,319 | €78,934 | +€7,616 | +10.7% |
| Furniture and vehicles | 24 | €58,583 | €43,700 | -€14,884 | -25.4% |
| Financial fixed assets | 28 | €1,344,212 | €1,344,212 | = | 0.0% |
| Current assets | 29/58 | €6,595,852 | €6,218,067 | -€377,785 | -5.7% |
| Amounts receivable after more than one year | 29 | €400,981 | €273,072 | -€127,910 | -31.9% |
| Other amounts receivable | 291 | €400,981 | €273,072 | -€127,910 | -31.9% |
| Amounts receivable within one year | 40/41 | €96,840 | €95,274 | -€1,566 | -1.6% |
| Trade receivables | 40 | €34,553 | €34,884 | +€331 | +1.0% |
| Other amounts receivable | 41 | €62,288 | €60,391 | -€1,897 | -3.0% |
| Current investments | 50/53 | €4,631,458 | €4,690,547 | +€59,089 | +1.3% |
| Cash at bank and in hand | 54/58 | €1,457,385 | €1,152,918 | -€304,467 | -20.9% |
| Deferred charges and accrued income | 490/1 | €9,188 | €6,256 | -€2,932 | -31.9% |
| Total equity and liabilities | 10/49 | €9,791,826 | €9,350,058 | -€441,768 | -4.5% |
| Equity | 10/15 | €9,414,022 | €9,286,081 | -€127,941 | -1.4% |
| Contributions | 10/11 | €63,500 | €63,500 | = | 0.0% |
| Capital | 10 | €63,500 | €63,500 | = | 0.0% |
| Issued capital | 100 | €63,500 | €63,500 | = | 0.0% |
| Reserves | 13 | €6,659,859 | €6,659,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €63,350 | €63,350 | = | 0.0% |
| Legal reserve | 130 | €63,350 | €63,350 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,684 | €18,684 | = | 0.0% |
| Distributable reserves | 133 | €6,577,825 | €6,577,825 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,690,663 | €2,562,723 | -€127,941 | -4.8% |
| Amounts payable | 17/49 | €377,804 | €63,977 | -€313,827 | -83.1% |
| Amounts payable after more than one year | 17 | €311,199 | €0 | -€311,199 | -100.0% |
| Financial debts | 170/4 | €311,199 | €0 | -€311,199 | -100.0% |
| Amounts payable within one year | 42/48 | €54,646 | €50,735 | -€3,911 | -7.2% |
| Trade debts | 44 | €39,935 | €42,110 | +€2,174 | +5.4% |
| Suppliers | 440/4 | €39,935 | €42,110 | +€2,174 | +5.4% |
| Taxes, remuneration and social security | 45 | €3,443 | €1,603 | -€1,840 | -53.4% |
| Taxes | 450/3 | €199 | €0 | -€199 | -100.0% |
| Remuneration and social security | 454/9 | €3,244 | €1,603 | -€1,641 | -50.6% |
| Other amounts payable | 47/48 | €11,267 | €7,022 | -€4,245 | -37.7% |
| Accrued charges and deferred income | 492/3 | €11,959 | €13,242 | +€1,283 | +10.7% |
| Non-recurring operating income | 76A | €1,688 | €0 | -€1,688 | -100.0% |
| Remuneration, social security and pensions | 62 | €15,979 | €13,517 | -€2,462 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €112,272 | €100,550 | -€11,722 | -10.4% |
| Other operating charges | 640/8 | €10,366 | €5,289 | -€5,077 | -49.0% |
| Gross operating margin | 9900 | -€65,105 | -€100,051 | -€34,947 | -53.7% |
| Operating profit (loss) | 9901 | -€203,721 | -€219,407 | -€15,686 | -7.7% |
| Financial income | 75/76B | €519,740 | €292,267 | -€227,473 | -43.8% |
| Recurring financial income | 75 | €519,740 | €292,267 | -€227,473 | -43.8% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €66,077 | €176,050 | +€109,974 | +166.4% |
| Recurring financial charges | 65 | €66,077 | €176,050 | +€109,974 | +166.4% |
| Profit (loss) for the period before taxes | 9903 | €249,942 | -€103,191 | -€353,133 | |
| Income taxes | 67/77 | €22,818 | €24,749 | +€1,932 | +8.5% |
| Profit (loss) for the period | 9904 | €227,124 | -€127,941 | -€355,064 | |
| Profit (loss) for the period to be appropriated | 9905 | €227,124 | -€127,941 | -€355,064 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.