Orelis: what changed
Orelis
Largest movements
- Cash -€14,916
down €14,916 (-42.7%), from €34,912 to €19,996
mainly Debts after one year (-€26,106) and Investment in fixed assets (net) (-€16,342)
- Tangible fixed assets +€13,899
up €13,899 (+238%), from €5,834 to €19,733
of which Furniture and vehicles: +€14,377
- Receivables within one year +€9,730
up €9,730 (+38.1%), from €25,562 to €35,292
of which Trade receivables: +€18,111
- Deferred charges and accrued income -€6,323
no longer reported in 2025 (was €6,323)
- Other debts +€26,343
up €26,343 (+6,176%), from €427 to €26,769
- Debts after one year -€26,106
down €26,106 (-29.1%), from €89,563 to €63,457
- Profit (loss) carried forward +€19,006
up €19,006 (+21.6%), from €87,967 to €106,973
- Trade debts -€10,449
down €10,449 (-87.8%), from €11,904 to €1,455
- Tax, wage and social debts -€9,182
down €9,182 (-28.4%), from €32,296 to €23,114
of which Taxes: -€14,942
- Gross operating margin -€5,209
down €5,209 (-11.2%), from €46,467 to €41,258
- Depreciation +€1,083
up €1,083 (+79.6%), from €1,360 to €2,443
- Financial charges -€936
down €936 (-18.3%), from €5,123 to €4,187
- Taxes -€873
down €873 (-7.7%), from €11,293 to €10,419
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €322,631 | €325,021 | +€2,390 | +0.7% |
| Fixed assets | 21/28 | €255,834 | €269,733 | +€13,899 | +5.4% |
| Tangible fixed assets | 22/27 | €5,834 | €19,733 | +€13,899 | +238% |
| Plant, machinery and equipment | 23 | €1,910 | €1,433 | -€478 | -25.0% |
| Furniture and vehicles | 24 | €3,924 | €18,301 | +€14,377 | +366% |
| Financial fixed assets | 28 | €250,000 | €250,000 | = | 0.0% |
| Current assets | 29/58 | €66,797 | €55,288 | -€11,509 | -17.2% |
| Amounts receivable within one year | 40/41 | €25,562 | €35,292 | +€9,730 | +38.1% |
| Trade receivables | 40 | €10,905 | €29,016 | +€18,111 | +166% |
| Other amounts receivable | 41 | €14,657 | €6,276 | -€8,381 | -57.2% |
| Cash at bank and in hand | 54/58 | €34,912 | €19,996 | -€14,916 | -42.7% |
| Deferred charges and accrued income | 490/1 | €6,323 | - | -€6,323 | |
| Total equity and liabilities | 10/49 | €322,631 | €325,021 | +€2,390 | +0.7% |
| Equity | 10/15 | €162,967 | €181,973 | +€19,006 | +11.7% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €87,967 | €106,973 | +€19,006 | +21.6% |
| Amounts payable | 17/49 | €159,665 | €143,048 | -€16,617 | -10.4% |
| Amounts payable after more than one year | 17 | €89,563 | €63,457 | -€26,106 | -29.1% |
| Financial debts | 170/4 | €89,563 | €63,457 | -€26,106 | -29.1% |
| Amounts payable within one year | 42/48 | €70,102 | €79,591 | +€9,490 | +13.5% |
| Current portion of amounts payable after more than one year | 42 | €25,475 | €28,253 | +€2,778 | +10.9% |
| Trade debts | 44 | €11,904 | €1,455 | -€10,449 | -87.8% |
| Suppliers | 440/4 | €11,904 | €1,455 | -€10,449 | -87.8% |
| Taxes, remuneration and social security | 45 | €32,296 | €23,114 | -€9,182 | -28.4% |
| Taxes | 450/3 | €32,296 | €17,354 | -€14,942 | -46.3% |
| Remuneration and social security | 454/9 | - | €5,761 | +€5,761 | |
| Other amounts payable | 47/48 | €427 | €26,769 | +€26,343 | +6,176% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,360 | €2,443 | +€1,083 | +79.6% |
| Other operating charges | 640/8 | €615 | €961 | +€346 | +56.3% |
| Non-recurring operating charges | 66A | - | €4,241 | +€4,241 | |
| Gross operating margin | 9900 | €46,467 | €41,258 | -€5,209 | -11.2% |
| Operating profit (loss) | 9901 | €44,492 | €33,613 | -€10,879 | -24.5% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €5,123 | €4,187 | -€936 | -18.3% |
| Recurring financial charges | 65 | €5,123 | €4,187 | -€936 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €39,369 | €29,426 | -€9,943 | -25.3% |
| Income taxes | 67/77 | €11,293 | €10,419 | -€873 | -7.7% |
| Profit (loss) for the period | 9904 | €28,076 | €19,006 | -€9,070 | -32.3% |
| Profit (loss) for the period to be appropriated | 9905 | €28,076 | €19,006 | -€9,070 | -32.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.