Orens Nigel: 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.
Orens Nigel
Largest movements
- Receivables within one year -€36,197
down €36,197 (-66.5%), from €54,422 to €18,226
of which Other amounts receivable: -€36,212
- Tangible fixed assets +€14,791
up €14,791 (+26.3%), from €56,148 to €70,940
of which Land and buildings: +€19,756
- Other debts -€25,985
down €25,985 (-100%), from €25,985 to €0
- Current portion of long-term debt +€7,404
up €7,404 (+416%), from €1,779 to €9,183
- Short-term financial debts -€7,201
down €7,201 (-100%), from €7,201 to €0
of which Credit institutions: -€3,810
- Reserves +€3,385
up €3,385 (+3.5%), from €96,738 to €100,122
of which Distributable reserves: +€3,385
- Trade debts +€2,818
up €2,818 (+277%), from €1,019 to €3,836
- Gross operating margin +€4,083
up €4,083 (+9.0%), from €45,139 to €49,222
- Depreciation +€1,594
up €1,594 (+22.5%), from €7,095 to €8,689
- Other operating charges +€1,260
up €1,260 (+202%), from €623 to €1,883
- Taxes +€1,152
up €1,152 (+12.4%), from €9,294 to €10,446
- Financial charges +€1,000
up €1,000 (+42.1%), from €2,373 to €3,373
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 | €171,294 | €150,691 | -€20,603 | -12.0% |
| Fixed assets | 21/28 | €56,148 | €70,940 | +€14,791 | +26.3% |
| Tangible fixed assets | 22/27 | €56,148 | €70,940 | +€14,791 | +26.3% |
| Land and buildings | 22 | €40,803 | €60,560 | +€19,756 | +48.4% |
| Plant, machinery and equipment | 23 | €1,775 | €1,976 | +€201 | +11.3% |
| Furniture and vehicles | 24 | €13,570 | €8,404 | -€5,166 | -38.1% |
| Current assets | 29/58 | €115,145 | €79,751 | -€35,394 | -30.7% |
| Amounts receivable after more than one year | 29 | €55,000 | €55,000 | = | 0.0% |
| Other amounts receivable | 291 | €55,000 | €55,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €54,422 | €18,226 | -€36,197 | -66.5% |
| Trade receivables | 40 | €10,762 | €10,777 | +€15 | +0.1% |
| Other amounts receivable | 41 | €43,661 | €7,449 | -€36,212 | -82.9% |
| Current investments | 50/53 | €3,490 | €3,490 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €1,379 | €629 | -€749 | -54.3% |
| Deferred charges and accrued income | 490/1 | €854 | €2,406 | +€1,552 | +182% |
| Total equity and liabilities | 10/49 | €171,294 | €150,691 | -€20,603 | -12.0% |
| Equity | 10/15 | €115,338 | €118,722 | +€3,385 | +2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €96,738 | €100,122 | +€3,385 | +3.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Other | 1319 | - | €1,860 | +€1,860 | |
| Distributable reserves | 133 | €94,878 | €98,262 | +€3,385 | +3.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €55,956 | €31,968 | -€23,988 | -42.9% |
| Amounts payable after more than one year | 17 | €19,639 | €17,444 | -€2,196 | -11.2% |
| Financial debts | 170/4 | €19,639 | €17,444 | -€2,196 | -11.2% |
| Amounts payable within one year | 42/48 | €36,317 | €14,525 | -€21,792 | -60.0% |
| Current portion of amounts payable after more than one year | 42 | €1,779 | €9,183 | +€7,404 | +416% |
| Financial debts | 43 | €7,201 | €0 | -€7,201 | -100% |
| Credit institutions | 430/8 | €3,810 | €0 | -€3,810 | -100% |
| Other loans | 439 | €3,391 | €0 | -€3,391 | -100% |
| Trade debts | 44 | €1,019 | €3,836 | +€2,818 | +277% |
| Suppliers | 440/4 | €1,019 | €3,836 | +€2,818 | +277% |
| Taxes, remuneration and social security | 45 | €333 | €1,505 | +€1,172 | +352% |
| Taxes | 450/3 | €333 | €1,505 | +€1,172 | +352% |
| Other amounts payable | 47/48 | €25,985 | €0 | -€25,985 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,095 | €8,689 | +€1,594 | +22.5% |
| Other operating charges | 640/8 | €623 | €1,883 | +€1,260 | +202% |
| Non-recurring operating charges | 66A | - | €3,472 | +€3,472 | |
| Gross operating margin | 9900 | €45,139 | €49,222 | +€4,083 | +9.0% |
| Operating profit (loss) | 9901 | €37,421 | €35,179 | -€2,242 | -6.0% |
| Financial income | 75/76B | €1,749 | €1,024 | -€725 | -41.4% |
| Recurring financial income | 75 | €1,749 | €1,024 | -€725 | -41.4% |
| Financial charges | 65/66B | €2,373 | €3,373 | +€1,000 | +42.1% |
| Recurring financial charges | 65 | €2,373 | €3,373 | +€1,000 | +42.1% |
| Profit (loss) for the period before taxes | 9903 | €36,798 | €32,830 | -€3,968 | -10.8% |
| Income taxes | 67/77 | €9,294 | €10,446 | +€1,152 | +12.4% |
| Profit (loss) for the period | 9904 | €27,504 | €22,385 | -€5,119 | -18.6% |
| Profit (loss) for the period to be appropriated | 9905 | €27,504 | €22,385 | -€5,119 | -18.6% |
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 18 October 2026 via checked.be.