ORFEE: what changed
What changed
ORFEE
NACE 59.114, Motion picture, video and television programme production, sound recording and music publishing activities
filed annual accounts (NBB)
Net result for the year
-€110
2024 · -€20,920+€20,811
Equity
-€27,699
2024 · -€27,589-€110
Cash
€1,533
2024 · €5,316-€3,783
Balance sheet total
€585,579
2024 · €608,612-€23,033
Largest movements
Assets
- Tangible fixed assets -€19,087
down €19,087 (-3.3%), from €585,252 to €566,165
of which Land and buildings: -€17,815
Equity and liabilities
- Debts after one year -€24,416
down €24,416 (-5.3%), from €464,047 to €439,631
Income statement
- Gross operating margin +€23,740
up €23,740 (+235%), from €10,109 to €33,849
- Financial charges +€1,269
up €1,269 (+19.8%), from €6,411 to €7,680
- Other operating charges +€1,212
up €1,212 (+39.7%), from €3,054 to €4,266
- Depreciation +€400
up €400 (+1.9%), from €21,146 to €21,545
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€20,920
Gross operating margin
+€23,740
Depreciation
-€400
Other operating charges
-€1,212
Financial income
-€2
Financial charges
-€1,269
Taxes
-€47
Result 2025
-€110
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€22,246
Investment
-€2,459
Financing
-€23,570
Cash 2024
€5,316
From operations (derived)
+€22,246
Net result for the year
-€110
Depreciation
+€21,545
Receivables within one year
+€1,579
Deferred charges and accrued income
-€1,416
Trade debts
-€1,312
Tax, wage and social debts
+€918
Other debts
-€971
Accrued charges and deferred income
+€2,013
Investment (derived)
-€2,459
Investment in fixed assets (net)
-€2,459
Financing
-€23,570
Debts after one year
-€24,416
Current portion of long-term debt
+€734
Short-term financial debts
+€112
Cash 2025
€1,533
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €608,612 | €585,579 | -€23,033 | -3.8% |
| Fixed assets | 21/28 | €585,252 | €566,165 | -€19,087 | -3.3% |
| Tangible fixed assets | 22/27 | €585,252 | €566,165 | -€19,087 | -3.3% |
| Land and buildings | 22 | €577,381 | €559,565 | -€17,815 | -3.1% |
| Plant, machinery and equipment | 23 | €7,871 | €4,393 | -€3,478 | -44.2% |
| Furniture and vehicles | 24 | - | €2,207 | +€2,207 | |
| Current assets | 29/58 | €23,360 | €19,413 | -€3,946 | -16.9% |
| Amounts receivable within one year | 40/41 | €18,043 | €16,464 | -€1,579 | -8.8% |
| Trade receivables | 40 | €341 | €341 | = | 0.0% |
| Other amounts receivable | 41 | €17,702 | €16,123 | -€1,579 | -8.9% |
| Cash at bank and in hand | 54/58 | €5,316 | €1,533 | -€3,783 | -71.2% |
| Deferred charges and accrued income | 490/1 | - | €1,416 | +€1,416 | |
| Total equity and liabilities | 10/49 | €608,612 | €585,579 | -€23,033 | -3.8% |
| Equity | 10/15 | -€27,589 | -€27,699 | -€110 | -0.4% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,589 | -€46,699 | -€110 | -0.2% |
| Amounts payable | 17/49 | €636,201 | €613,277 | -€22,923 | -3.6% |
| Amounts payable after more than one year | 17 | €464,047 | €439,631 | -€24,416 | -5.3% |
| Financial debts | 170/4 | €464,047 | €439,631 | -€24,416 | -5.3% |
| Amounts payable within one year | 42/48 | €164,285 | €163,765 | -€520 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €25,295 | €26,029 | +€734 | +2.9% |
| Financial debts | 43 | - | €112 | +€112 | |
| Credit institutions | 430/8 | - | €112 | +€112 | |
| Trade debts | 44 | €3,489 | €2,177 | -€1,312 | -37.6% |
| Suppliers | 440/4 | €3,489 | €2,177 | -€1,312 | -37.6% |
| Taxes, remuneration and social security | 45 | - | €918 | +€918 | |
| Taxes | 450/3 | - | €918 | +€918 | |
| Other amounts payable | 47/48 | €135,501 | €134,530 | -€971 | -0.7% |
| Accrued charges and deferred income | 492/3 | €7,869 | €9,882 | +€2,013 | +25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,146 | €21,545 | +€400 | +1.9% |
| Other operating charges | 640/8 | €3,054 | €4,266 | +€1,212 | +39.7% |
| Gross operating margin | 9900 | €10,109 | €33,849 | +€23,740 | +235% |
| Operating profit (loss) | 9901 | -€14,090 | €8,038 | +€22,128 | |
| Financial income | 75/76B | €2 | €1 | -€2 | -75.4% |
| Recurring financial income | 75 | €2 | €1 | -€2 | -75.4% |
| Financial charges | 65/66B | €6,411 | €7,680 | +€1,269 | +19.8% |
| Recurring financial charges | 65 | €6,411 | €7,680 | +€1,269 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | -€20,499 | €358 | +€20,857 | |
| Income taxes | 67/77 | €421 | €468 | +€47 | +11.1% |
| Profit (loss) for the period | 9904 | -€20,920 | -€110 | +€20,811 | +99.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,920 | -€110 | +€20,811 | +99.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.