Orema: 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.
Orema
Largest movements
- Current investments +€2.7m
up €2.7m (+1330.0%), from €200,000 to €2.9m
- Stocks and contracts -€2.2m
down €2.2m (-97.6%), from €2.2m to €53,005
- Tangible fixed assets -€169,628
down €169,628 (-5.6%), from €3.0m to €2.9m
of which Land and buildings: -€192,194
- Cash -€89,232
down €89,232 (-87.2%), from €102,323 to €13,091
mainly Current investments (-€2.7m) and Receivables within one year (-€50,561)
- Reserves +€265,937
up €265,937 (+6.8%), from €3.9m to €4.2m
of which Distributable reserves: +€265,937
- Accrued charges and deferred income +€80,220
up €80,220, from €0 to €80,220
- Gross operating margin +€378,177
up €378,177 (+175.4%), from €215,661 to €593,838
- Taxes +€70,965
up €70,965 (+24289.9%), from €292 to €71,257
- Financial income +€17,017
up €17,017 (+188.7%), from €9,020 to €26,038
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 | €5,559,543 | €5,872,024 | +€312,481 | +5.6% |
| Fixed assets | 21/28 | €3,037,977 | €2,868,349 | -€169,628 | -5.6% |
| Tangible fixed assets | 22/27 | €3,037,977 | €2,868,349 | -€169,628 | -5.6% |
| Land and buildings | 22 | €3,028,741 | €2,836,547 | -€192,194 | -6.3% |
| Plant, machinery and equipment | 23 | €2,061 | €1,649 | -€413 | -20.0% |
| Furniture and vehicles | 24 | €7,174 | €30,153 | +€22,979 | +320.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €2,521,566 | €3,003,675 | +€482,109 | +19.1% |
| Stocks and contracts in progress | 3 | €2,216,665 | €53,005 | -€2.2m | -97.6% |
| Stocks | 30/36 | €2,216,665 | €53,005 | -€2.2m | -97.6% |
| Amounts receivable within one year | 40/41 | €1,705 | €52,265 | +€50,561 | +2966.0% |
| Other amounts receivable | 41 | €1,705 | €52,265 | +€50,561 | +2966.0% |
| Current investments | 50/53 | €200,000 | €2,860,000 | +€2.7m | +1330.0% |
| Cash at bank and in hand | 54/58 | €102,323 | €13,091 | -€89,232 | -87.2% |
| Deferred charges and accrued income | 490/1 | €874 | €25,314 | +€24,440 | +2797.6% |
| Total equity and liabilities | 10/49 | €5,559,543 | €5,872,024 | +€312,481 | +5.6% |
| Equity | 10/15 | €4,561,063 | €4,827,000 | +€265,937 | +5.8% |
| Contributions | 10/11 | €644,523 | €644,523 | = | 0.0% |
| Capital | 10 | €644,523 | €644,523 | = | 0.0% |
| Issued capital | 100 | €644,523 | €644,523 | = | 0.0% |
| Reserves | 13 | €3,916,540 | €4,182,477 | +€265,937 | +6.8% |
| Non-distributable reserves | 130/1 | €64,452 | €64,452 | = | 0.0% |
| Legal reserve | 130 | €64,452 | €64,452 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,361 | €18,361 | = | 0.0% |
| Distributable reserves | 133 | €3,833,726 | €4,099,663 | +€265,937 | +6.9% |
| Amounts payable | 17/49 | €998,480 | €1,045,024 | +€46,544 | +4.7% |
| Amounts payable within one year | 42/48 | €998,480 | €964,804 | -€33,676 | -3.4% |
| Trade debts | 44 | €15,903 | €3,655 | -€12,247 | -77.0% |
| Suppliers | 440/4 | €15,903 | €3,655 | -€12,247 | -77.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €982,577 | €961,149 | -€21,429 | -2.2% |
| Accrued charges and deferred income | 492/3 | €0 | €80,220 | +€80,220 | |
| Non-recurring operating income | 76A | - | €14,764 | +€14,764 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €195,732 | €194,842 | -€890 | -0.5% |
| Other operating charges | 640/8 | €19,539 | €22,167 | +€2,628 | +13.5% |
| Gross operating margin | 9900 | €215,661 | €593,838 | +€378,177 | +175.4% |
| Operating profit (loss) | 9901 | €390 | €376,830 | +€376,439 | +96414.1% |
| Financial income | 75/76B | €9,020 | €26,038 | +€17,017 | +188.7% |
| Recurring financial income | 75 | €9,020 | €26,038 | +€17,017 | +188.7% |
| Financial charges | 65/66B | €71,100 | €65,673 | -€5,428 | -7.6% |
| Recurring financial charges | 65 | €71,100 | €65,673 | -€5,428 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | -€61,690 | €337,194 | +€398,884 | |
| Income taxes | 67/77 | €292 | €71,257 | +€70,965 | +24289.9% |
| Profit (loss) for the period | 9904 | -€61,982 | €265,937 | +€327,919 | |
| Profit (loss) for the period to be appropriated | 9905 | -€61,982 | €265,937 | +€327,919 |
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 1 October 2026 via checked.be.