Orenda: 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.
Orenda
Largest movements
- Current investments -€18,878
no longer reported in 2025 (was €18,878)
- Cash -€12,380
down €12,380 (-49.5%), from €24,992 to €12,612
mainly Other debts (-€19,172) and Investment in fixed assets (net) (-€7,013)
- Tangible fixed assets +€4,157
up €4,157 (+47.6%), from €8,738 to €12,895
of which Plant, machinery and equipment: +€5,672
- Receivables within one year +€3,499
up €3,499 (+11.1%), from €31,540 to €35,038
of which Trade receivables: +€5,313
- Deferred charges and accrued income +€3,338
up €3,338 (+92.8%), from €3,596 to €6,935
- Other debts -€19,172
no longer reported in 2025 (was €19,172)
- Profit (loss) carried forward +€9,503
up €9,503 (+283%), from €3,353 to €12,856
- Tax, wage and social debts -€4,533
down €4,533 (-87.3%), from €5,190 to €657
- Trade debts -€3,358
down €3,358 (-34.3%), from €9,790 to €6,432
- Current portion of long-term debt -€2,705
no longer reported in 2025 (was €2,705)
- Gross operating margin +€11,235
up €11,235 (+234%), from €4,811 to €16,047
- Taxes +€3,093
up €3,093 (+548%), from €565 to €3,657
- Financial income -€1,608
down €1,608 (-55.5%), from €2,898 to €1,290
- Other operating charges +€675
up €675 (+169%), from €399 to €1,075
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €87,744 | €67,480 | -€20,264 | -23.1% |
| Fixed assets | 21/28 | €8,738 | €12,895 | +€4,157 | +47.6% |
| Tangible fixed assets | 22/27 | €8,738 | €12,895 | +€4,157 | +47.6% |
| Plant, machinery and equipment | 23 | €5,827 | €11,498 | +€5,672 | +97.3% |
| Furniture and vehicles | 24 | €2,912 | €1,397 | -€1,515 | -52.0% |
| Current assets | 29/58 | €79,006 | €54,585 | -€24,421 | -30.9% |
| Amounts receivable within one year | 40/41 | €31,540 | €35,038 | +€3,499 | +11.1% |
| Trade receivables | 40 | €17,195 | €22,508 | +€5,313 | +30.9% |
| Other amounts receivable | 41 | €14,344 | €12,530 | -€1,814 | -12.6% |
| Current investments | 50/53 | €18,878 | - | -€18,878 | |
| Cash at bank and in hand | 54/58 | €24,992 | €12,612 | -€12,380 | -49.5% |
| Deferred charges and accrued income | 490/1 | €3,596 | €6,935 | +€3,338 | +92.8% |
| Total equity and liabilities | 10/49 | €87,744 | €67,480 | -€20,264 | -23.1% |
| Equity | 10/15 | €50,888 | €60,391 | +€9,503 | +18.7% |
| Contributions | 10/11 | €13,550 | €13,550 | = | 0.0% |
| Reserves | 13 | €33,985 | €33,985 | = | 0.0% |
| Distributable reserves | 133 | €33,985 | €33,985 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,353 | €12,856 | +€9,503 | +283% |
| Amounts payable | 17/49 | €36,857 | €7,089 | -€29,768 | -80.8% |
| Amounts payable within one year | 42/48 | €36,857 | €7,089 | -€29,768 | -80.8% |
| Current portion of amounts payable after more than one year | 42 | €2,705 | - | -€2,705 | |
| Trade debts | 44 | €9,790 | €6,432 | -€3,358 | -34.3% |
| Suppliers | 440/4 | €9,790 | €6,432 | -€3,358 | -34.3% |
| Taxes, remuneration and social security | 45 | €5,190 | €657 | -€4,533 | -87.3% |
| Taxes | 450/3 | €5,190 | €657 | -€4,533 | -87.3% |
| Other amounts payable | 47/48 | €19,172 | - | -€19,172 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,996 | €2,856 | -€139 | -4.6% |
| Other operating charges | 640/8 | €399 | €1,075 | +€675 | +169% |
| Gross operating margin | 9900 | €4,811 | €16,047 | +€11,235 | +234% |
| Operating profit (loss) | 9901 | €1,417 | €12,116 | +€10,699 | +755% |
| Financial income | 75/76B | €2,898 | €1,290 | -€1,608 | -55.5% |
| Recurring financial income | 75 | €2,898 | €1,290 | -€1,608 | -55.5% |
| Financial charges | 65/66B | €397 | €245 | -€152 | -38.3% |
| Recurring financial charges | 65 | €397 | €245 | -€152 | -38.3% |
| Profit (loss) for the period before taxes | 9903 | €3,918 | €13,161 | +€9,243 | +236% |
| Income taxes | 67/77 | €565 | €3,657 | +€3,093 | +548% |
| Profit (loss) for the period | 9904 | €3,353 | €9,503 | +€6,150 | +183% |
| Transfer from tax-exempt reserves | 789 | €18,293 | - | -€18,293 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,646 | €9,503 | -€12,143 | -56.1% |
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 20 October 2026 via checked.be.