ORELIA GROUP: 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.
What changed
ORELIA GROUP
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.5m
2024 · -€2.2m+€737,659
Equity
€43.4m
2024 · €44.8m-€1.5m
Cash
€7,423
2024 · €1.0m-€1.0m
Balance sheet total
€105.1m
2024 · €100.7m+€4.4m
Largest movements
Assets
- Financial fixed assets +€26.5m
up €26.5m (+35.9%), from €74.0m to €100.5m
- Receivables within one year -€22.5m
down €22.5m (-98.5%), from €22.8m to €336,758
of which Other amounts receivable: -€22.8m
- Deferred charges and accrued income +€1.1m
up €1.1m (+38.2%), from €2.8m to €3.9m
Equity and liabilities
- Debts after one year +€15.2m
up €15.2m (+57.5%), from €26.5m to €41.7m
- Short-term financial debts -€10.9m
no longer reported in 2025 (was €10.9m)
- Profit (loss) carried forward -€1.5m
down €1.5m (-78.5%), from -€1.9m to -€3.3m
- Current portion of long-term debt +€1.3m
up €1.3m (+7.9%), from €16.0m to €17.2m
Income statement
- Financial income +€407,310
up €407,310 (+11.6%), from €3.5m to €3.9m
- Financial charges -€192,334
down €192,334 (-4.1%), from €4.6m to €4.5m
- Services and other goods -€111,478
down €111,478 (-9.1%), from €1.2m to €1.1m
- Staff costs -€46,417
down €46,417 (-38.6%), from €120,369 to €73,952
- Other operating income -€20,598
down €20,598 (-98.4%), from €20,932 to €334
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
-€2.2m
Other operating income
-€20,598
Services and other goods
+€111,478
Staff costs
+€46,417
Depreciation
+€648
Other operating charges
-€33
Other operating items
-€92
Financial income
+€407,310
Financial charges
+€192,334
Taxes
+€195
Result 2025
-€1.5m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€19.9m
Investment
-€26.5m
Financing
+€5.6m
Cash 2024
€1.0m
From operations (derived)
+€19.9m
Net result for the year
-€1.5m
Depreciation
+€182
Receivables after one year
-€272,000
Receivables within one year
+€22.5m
Deferred charges and accrued income
-€1.1m
Trade debts
+€96,324
Tax, wage and social debts
-€54,612
Accrued charges and deferred income
+€155,883
Investment (derived)
-€26.5m
Investment in fixed assets (net)
-€26.5m
Financing
+€5.6m
Debts after one year
+€15.2m
Current portion of long-term debt
+€1.3m
Short-term financial debts
-€10.9m
Cash 2025
€7,423
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €100,680,280 | €105,061,877 | +€4.4m | +4.4% |
| Fixed assets | 21/28 | €73,973,443 | €100,515,432 | +€26.5m | +35.9% |
| Tangible fixed assets | 22/27 | €182 | - | -€182 | |
| Furniture and vehicles | 24 | €182 | - | -€182 | |
| Financial fixed assets | 28 | €73,973,261 | €100,515,432 | +€26.5m | +35.9% |
| Affiliated companies | 280/1 | €73,973,261 | €100,515,432 | +€26.5m | +35.9% |
| Participating interests | 280 | €53,216,934 | €53,216,934 | = | 0.0% |
| Amounts receivable | 281 | €20,756,327 | €47,298,498 | +€26.5m | +128% |
| Current assets | 29/58 | €26,706,838 | €4,546,445 | -€22.2m | -83.0% |
| Amounts receivable after more than one year | 29 | - | €272,000 | +€272,000 | |
| Trade receivables | 290 | - | €272,000 | +€272,000 | |
| Amounts receivable within one year | 40/41 | €22,848,016 | €336,758 | -€22.5m | -98.5% |
| Trade receivables | 40 | - | €314,600 | +€314,600 | |
| Other amounts receivable | 41 | €22,848,016 | €22,158 | -€22.8m | -99.9% |
| Cash at bank and in hand | 54/58 | €1,014,833 | €7,423 | -€1.0m | -99.3% |
| Deferred charges and accrued income | 490/1 | €2,843,988 | €3,930,263 | +€1.1m | +38.2% |
| Total equity and liabilities | 10/49 | €100,680,280 | €105,061,877 | +€4.4m | +4.4% |
| Equity | 10/15 | €44,815,645 | €43,361,600 | -€1.5m | -3.2% |
| Contributions | 10/11 | €42,500,000 | €42,500,000 | = | 0.0% |
| Capital | 10 | €42,500,000 | €42,500,000 | = | 0.0% |
| Issued capital | 100 | €42,500,000 | €42,500,000 | = | 0.0% |
| Reserves | 13 | €4,166,867 | €4,166,867 | = | 0.0% |
| Non-distributable reserves | 130/1 | €4,166,867 | €4,166,867 | = | 0.0% |
| Legal reserve | 130 | €4,166,867 | €4,166,867 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,851,223 | -€3,305,267 | -€1.5m | -78.5% |
| Amounts payable | 17/49 | €55,864,635 | €61,700,277 | +€5.8m | +10.4% |
| Amounts payable after more than one year | 17 | €26,479,317 | €41,709,932 | +€15.2m | +57.5% |
| Financial debts | 170/4 | €26,479,317 | €41,709,932 | +€15.2m | +57.5% |
| Other loans | 174 | €26,479,317 | €41,709,932 | +€15.2m | +57.5% |
| Amounts payable within one year | 42/48 | €26,982,538 | €17,431,682 | -€9.6m | -35.4% |
| Current portion of amounts payable after more than one year | 42 | €15,969,931 | €17,237,164 | +€1.3m | +7.9% |
| Financial debts | 43 | €10,859,800 | - | -€10.9m | |
| Other loans | 439 | €10,859,800 | - | -€10.9m | |
| Trade debts | 44 | €91,156 | €187,480 | +€96,324 | +106% |
| Suppliers | 440/4 | €91,156 | €187,480 | +€96,324 | +106% |
| Taxes, remuneration and social security | 45 | €61,651 | €7,039 | -€54,612 | -88.6% |
| Taxes | 450/3 | €41,677 | - | -€41,677 | |
| Remuneration and social security | 454/9 | €19,974 | €7,039 | -€12,935 | -64.8% |
| Accrued charges and deferred income | 492/3 | €2,402,780 | €2,558,662 | +€155,883 | +6.5% |
| Operating income | 70/76A | €281,024 | €260,334 | -€20,690 | -7.4% |
| Turnover | 70 | €260,000 | €260,000 | = | 0.0% |
| Other operating income | 74 | €20,932 | €334 | -€20,598 | -98.4% |
| Non-recurring operating income | 76A | €92 | - | -€92 | |
| Operating charges | 60/66A | €1,345,300 | €1,186,791 | -€158,509 | -11.8% |
| Services and other goods | 61 | €1,223,016 | €1,111,538 | -€111,478 | -9.1% |
| Remuneration, social security and pensions | 62 | €120,369 | €73,952 | -€46,417 | -38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €830 | €182 | -€648 | -78.1% |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Operating profit (loss) | 9901 | -€1,064,276 | -€926,457 | +€137,819 | +12.9% |
| Financial income | 75/76B | €3,522,953 | €3,930,263 | +€407,310 | +11.6% |
| Recurring financial income | 75 | €3,522,953 | €3,930,263 | +€407,310 | +11.6% |
| Income from financial fixed assets | 750 | €207,850 | - | -€207,850 | |
| Income from current assets | 751 | €2,843,380 | €3,930,263 | +€1.1m | +38.2% |
| Other financial income | 752/9 | €471,722 | - | -€471,722 | |
| Financial charges | 65/66B | €4,649,905 | €4,457,571 | -€192,334 | -4.1% |
| Recurring financial charges | 65 | €4,649,905 | €4,457,571 | -€192,334 | -4.1% |
| Debt charges | 650 | €4,203,372 | €4,456,278 | +€252,906 | +6.0% |
| Other financial charges | 652/9 | €446,533 | €1,293 | -€445,240 | -99.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,191,229 | -€1,453,765 | +€737,464 | +33.7% |
| Income taxes | 67/77 | €475 | €280 | -€195 | -41.1% |
| Taxes | 670/3 | €475 | €280 | -€195 | -41.1% |
| Profit (loss) for the period | 9904 | -€2,191,704 | -€1,454,045 | +€737,659 | +33.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,191,704 | -€1,454,045 | +€737,659 | +33.7% |
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 25 October 2026 via checked.be.