Orfa: 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.
Orfa
Largest movements
- Cash +€58,870
up €58,870 (+120.1%), from €49,010 to €107,880
mainly Net result for the year (+€52,438) and Depreciation (+€11,974)
- Receivables within one year -€8,067
down €8,067 (-74.0%), from €10,900 to €2,833
of which Trade receivables: -€8,055
- Tangible fixed assets -€4,549
down €4,549 (-11.4%), from €39,886 to €35,337
of which Furniture and vehicles: -€9,337
- Reserves +€125,000
new in 2025: €125,000
- Profit (loss) carried forward -€72,562
down €72,562 (-87.5%), from €82,942 to €10,380
- Other debts -€3,452
down €3,452 (-78.2%), from €4,415 to €963
- Trade debts -€3,445
down €3,445 (-87.4%), from €3,942 to €497
- Gross operating margin +€12,103
up €12,103 (+16.6%), from €72,840 to €84,942
- Taxes +€2,902
up €2,902 (+17.7%), from €16,372 to €19,275
- Depreciation +€983
up €983 (+8.9%), from €10,991 to €11,974
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 | €101,305 | €147,205 | +€45,901 | +45.3% |
| Formation expenses | 20 | €810 | €562 | -€248 | -30.6% |
| Fixed assets | 21/28 | €39,886 | €35,337 | -€4,549 | -11.4% |
| Tangible fixed assets | 22/27 | €39,886 | €35,337 | -€4,549 | -11.4% |
| Land and buildings | 22 | €2,711 | €7,475 | +€4,764 | +175.7% |
| Plant, machinery and equipment | 23 | €4,868 | €4,893 | +€24 | +0.5% |
| Furniture and vehicles | 24 | €32,306 | €22,970 | -€9,337 | -28.9% |
| Current assets | 29/58 | €60,609 | €111,306 | +€50,698 | +83.6% |
| Amounts receivable within one year | 40/41 | €10,900 | €2,833 | -€8,067 | -74.0% |
| Trade receivables | 40 | €10,888 | €2,833 | -€8,055 | -74.0% |
| Other amounts receivable | 41 | €12 | €0 | -€12 | -100.0% |
| Cash at bank and in hand | 54/58 | €49,010 | €107,880 | +€58,870 | +120.1% |
| Deferred charges and accrued income | 490/1 | €699 | €593 | -€106 | -15.1% |
| Total equity and liabilities | 10/49 | €101,305 | €147,205 | +€45,901 | +45.3% |
| Equity | 10/15 | €85,942 | €138,380 | +€52,438 | +61.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €125,000 | +€125,000 | |
| Distributable reserves | 133 | - | €125,000 | +€125,000 | |
| Profit (loss) carried forward | 14 | €82,942 | €10,380 | -€72,562 | -87.5% |
| Amounts payable | 17/49 | €15,363 | €8,826 | -€6,537 | -42.6% |
| Amounts payable within one year | 42/48 | €15,363 | €8,826 | -€6,537 | -42.6% |
| Trade debts | 44 | €3,942 | €497 | -€3,445 | -87.4% |
| Suppliers | 440/4 | €3,942 | €497 | -€3,445 | -87.4% |
| Taxes, remuneration and social security | 45 | €7,005 | €7,365 | +€360 | +5.1% |
| Taxes | 450/3 | €6,155 | €6,515 | +€360 | +5.9% |
| Remuneration and social security | 454/9 | €850 | €850 | = | 0.0% |
| Other amounts payable | 47/48 | €4,415 | €963 | -€3,452 | -78.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,991 | €11,974 | +€983 | +8.9% |
| Other operating charges | 640/8 | €1,155 | €1,208 | +€53 | +4.6% |
| Gross operating margin | 9900 | €72,840 | €84,942 | +€12,103 | +16.6% |
| Operating profit (loss) | 9901 | €60,693 | €71,761 | +€11,067 | +18.2% |
| Financial income | 75/76B | €1 | €25 | +€24 | +3320.8% |
| Recurring financial income | 75 | €1 | €25 | +€24 | +3320.8% |
| Financial charges | 65/66B | €69 | €73 | +€4 | +5.2% |
| Recurring financial charges | 65 | €69 | €73 | +€4 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €60,625 | €71,712 | +€11,088 | +18.3% |
| Income taxes | 67/77 | €16,372 | €19,275 | +€2,902 | +17.7% |
| Profit (loss) for the period | 9904 | €44,253 | €52,438 | +€8,185 | +18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €44,253 | €52,438 | +€8,185 | +18.5% |
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 29 September 2026 via checked.be.