ORFEO CONSULTING: 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.
ORFEO CONSULTING
Largest movements
- Tangible fixed assets +€175,848
up €175,848 (+1,047%), from €16,788 to €192,636
of which Land and buildings: +€166,637
- Receivables within one year +€41,849
up €41,849 (+135%), from €30,994 to €72,843
of which Other amounts receivable: +€72,843
- Receivables after one year -€26,397
down €26,397 (-100%), from €26,397 to €0
- Debts after one year +€155,080
new in 2025: €155,080
- Trade debts +€24,400
up €24,400 (+625%), from €3,905 to €28,306
- Current portion of long-term debt +€15,027
new in 2025: €15,027
- Other debts -€14,245
down €14,245 (-49.0%), from €29,042 to €14,797
- Tax, wage and social debts +€10,659
up €10,659 (+31.7%), from €33,628 to €44,287
- Gross operating margin +€37,341
up €37,341 (+37.5%), from €99,687 to €137,028
- Taxes +€8,172
up €8,172 (+34.0%), from €24,044 to €32,216
- Financial charges +€1,777
up €1,777 (+45.2%), from €3,936 to €5,714
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 | €76,483 | €267,479 | +€190,996 | +250% |
| Fixed assets | 21/28 | €16,788 | €192,636 | +€175,848 | +1,047% |
| Tangible fixed assets | 22/27 | €16,788 | €192,636 | +€175,848 | +1,047% |
| Land and buildings | 22 | - | €166,637 | +€166,637 | |
| Plant, machinery and equipment | 23 | €2,012 | €3,486 | +€1,474 | +73.3% |
| Furniture and vehicles | 24 | €9,108 | €22,513 | +€13,405 | +147% |
| Other tangible fixed assets | 26 | €5,668 | €0 | -€5,668 | -100% |
| Current assets | 29/58 | €59,695 | €74,843 | +€15,148 | +25.4% |
| Amounts receivable after more than one year | 29 | €26,397 | €0 | -€26,397 | -100% |
| Other amounts receivable | 291 | €26,397 | €0 | -€26,397 | -100% |
| Amounts receivable within one year | 40/41 | €30,994 | €72,843 | +€41,849 | +135% |
| Trade receivables | 40 | €30,994 | €0 | -€30,994 | -100% |
| Other amounts receivable | 41 | - | €72,843 | +€72,843 | |
| Cash at bank and in hand | 54/58 | €1,600 | €2,000 | +€400 | +25.0% |
| Deferred charges and accrued income | 490/1 | €704 | €0 | -€704 | -100% |
| Total equity and liabilities | 10/49 | €76,483 | €267,479 | +€190,996 | +250% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €71,483 | €262,479 | +€190,996 | +267% |
| Amounts payable after more than one year | 17 | - | €155,080 | +€155,080 | |
| Financial debts | 170/4 | - | €155,080 | +€155,080 | |
| Amounts payable within one year | 42/48 | €71,483 | €107,399 | +€35,916 | +50.2% |
| Current portion of amounts payable after more than one year | 42 | - | €15,027 | +€15,027 | |
| Financial debts | 43 | €4,907 | €4,981 | +€74 | +1.5% |
| Credit institutions | 430/8 | €4,907 | €4,981 | +€74 | +1.5% |
| Trade debts | 44 | €3,905 | €28,306 | +€24,400 | +625% |
| Suppliers | 440/4 | €3,905 | €28,306 | +€24,400 | +625% |
| Taxes, remuneration and social security | 45 | €33,628 | €44,287 | +€10,659 | +31.7% |
| Taxes | 450/3 | €33,628 | €44,287 | +€10,659 | +31.7% |
| Other amounts payable | 47/48 | €29,042 | €14,797 | -€14,245 | -49.0% |
| Non-recurring operating income | 76A | - | €1,677 | +€1,677 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,402 | €7,615 | -€787 | -9.4% |
| Other operating charges | 640/8 | €1,105 | €1,587 | +€481 | +43.6% |
| Non-recurring operating charges | 66A | €0 | €430 | +€430 | |
| Gross operating margin | 9900 | €99,687 | €137,028 | +€37,341 | +37.5% |
| Operating profit (loss) | 9901 | €90,179 | €127,396 | +€37,217 | +41.3% |
| Financial income | 75/76B | €686 | €1,831 | +€1,145 | +167% |
| Recurring financial income | 75 | €686 | €1,831 | +€1,145 | +167% |
| Financial charges | 65/66B | €3,936 | €5,714 | +€1,777 | +45.2% |
| Recurring financial charges | 65 | €3,936 | €5,714 | +€1,777 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | €86,929 | €123,514 | +€36,584 | +42.1% |
| Income taxes | 67/77 | €24,044 | €32,216 | +€8,172 | +34.0% |
| Profit (loss) for the period | 9904 | €62,885 | €91,297 | +€28,412 | +45.2% |
| Profit (loss) for the period to be appropriated | 9905 | €62,885 | €91,297 | +€28,412 | +45.2% |
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.