ORENDES: 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.
ORENDES
Largest movements
- Cash +€187,627
up €187,627 (+380%), from €49,432 to €237,059
mainly Net result for the year (+€132,026) and Other debts (+€125,000)
- Receivables within one year -€37,676
down €37,676 (-25.2%), from €149,676 to €112,000
of which Trade receivables: -€34,783
- Tangible fixed assets -€8,343
down €8,343 (-32.0%), from €26,093 to €17,750
of which Furniture and vehicles: -€6,787
- Other debts +€125,000
new in 2025: €125,000
- Tax, wage and social debts +€112,868
up €112,868 (+295%), from €38,208 to €151,075
- Profit (loss) carried forward -€98,898
down €98,898 (-67.4%), from €146,684 to €47,786
- Gross operating margin +€286,112
up €286,112 (+67.3%), from €424,818 to €710,930
- Staff costs +€237,129
up €237,129 (+85.6%), from €276,880 to €514,009
- Taxes +€16,989
up €16,989 (+46.5%), from €36,512 to €53,501
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 | €235,101 | €376,137 | +€141,036 | +60.0% |
| Fixed assets | 21/28 | €26,093 | €17,750 | -€8,343 | -32.0% |
| Tangible fixed assets | 22/27 | €26,093 | €17,750 | -€8,343 | -32.0% |
| Plant, machinery and equipment | 23 | €5,752 | €4,195 | -€1,557 | -27.1% |
| Furniture and vehicles | 24 | €20,341 | €13,554 | -€6,787 | -33.4% |
| Current assets | 29/58 | €209,008 | €358,387 | +€149,379 | +71.5% |
| Amounts receivable within one year | 40/41 | €149,676 | €112,000 | -€37,676 | -25.2% |
| Trade receivables | 40 | €121,840 | €87,057 | -€34,783 | -28.5% |
| Other amounts receivable | 41 | €27,836 | €24,943 | -€2,893 | -10.4% |
| Cash at bank and in hand | 54/58 | €49,432 | €237,059 | +€187,627 | +380% |
| Deferred charges and accrued income | 490/1 | €9,901 | €9,329 | -€572 | -5.8% |
| Total equity and liabilities | 10/49 | €235,101 | €376,137 | +€141,036 | +60.0% |
| Equity | 10/15 | €154,953 | €56,056 | -€98,898 | -63.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,070 | €2,070 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €210 | €210 | = | 0.0% |
| Profit (loss) carried forward | 14 | €146,684 | €47,786 | -€98,898 | -67.4% |
| Amounts payable | 17/49 | €80,148 | €320,081 | +€239,934 | +299% |
| Amounts payable after more than one year | 17 | €1,893 | €2,960 | +€1,067 | +56.4% |
| Other amounts payable | 178/9 | €1,893 | €2,960 | +€1,067 | +56.4% |
| Amounts payable within one year | 42/48 | €78,255 | €317,121 | +€238,866 | +305% |
| Financial debts | 43 | €1,724 | €3,025 | +€1,301 | +75.4% |
| Credit institutions | 430/8 | €1,724 | €3,025 | +€1,301 | +75.4% |
| Trade debts | 44 | €38,323 | €38,021 | -€302 | -0.8% |
| Suppliers | 440/4 | €38,323 | €38,021 | -€302 | -0.8% |
| Taxes, remuneration and social security | 45 | €38,208 | €151,075 | +€112,868 | +295% |
| Taxes | 450/3 | €38,208 | €151,075 | +€112,868 | +295% |
| Other amounts payable | 47/48 | - | €125,000 | +€125,000 | |
| Remuneration, social security and pensions | 62 | €276,880 | €514,009 | +€237,129 | +85.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,216 | €10,627 | +€412 | +4.0% |
| Other operating charges | 640/8 | €1,974 | €3,004 | +€1,030 | +52.2% |
| Non-recurring operating charges | 66A | €111 | - | -€111 | |
| Gross operating margin | 9900 | €424,818 | €710,930 | +€286,112 | +67.3% |
| Operating profit (loss) | 9901 | €135,638 | €183,290 | +€47,652 | +35.1% |
| Financial income | 75/76B | €1,099 | €2,823 | +€1,724 | +157% |
| Recurring financial income | 75 | €1,099 | €2,823 | +€1,724 | +157% |
| Financial charges | 65/66B | €560 | €586 | +€26 | +4.7% |
| Recurring financial charges | 65 | €560 | €586 | +€26 | +4.7% |
| Profit (loss) for the period before taxes | 9903 | €136,177 | €185,527 | +€49,350 | +36.2% |
| Income taxes | 67/77 | €36,512 | €53,501 | +€16,989 | +46.5% |
| Profit (loss) for the period | 9904 | €99,665 | €132,026 | +€32,361 | +32.5% |
| Profit (loss) for the period to be appropriated | 9905 | €99,665 | €132,026 | +€32,361 | +32.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.