ORFISKO: 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.
ORFISKO
Largest movements
- Tangible fixed assets -€23,570
down €23,570 (-41.8%), from €56,424 to €32,854
of which Furniture and vehicles: -€17,863
- Intangible fixed assets -€4,500
down €4,500 (-100.0%), from €4,500 to €0
- Cash +€1,769
up €1,769 (+70.1%), from €2,523 to €4,292
mainly Depreciation (+€28,408) and Accrued charges and deferred income (+€1,062)
- Other debts -€20,262
down €20,262 (-17.3%), from €117,368 to €97,107
- Debts after one year -€4,025
down €4,025 (-46.0%), from €8,759 to €4,734
- Profit (loss) carried forward -€1,790
down €1,790 (-3.6%), from -€49,657 to -€51,447
- Trade debts -€1,429
down €1,429 (-89.5%), from €1,597 to €168
- Gross operating margin +€10,550
up €10,550 (+61.7%), from €17,109 to €27,659
- Other operating charges -€1,195
down €1,195 (-60.3%), from €1,984 to €788
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 | €108,626 | €82,018 | -€26,608 | -24.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €61,672 | €33,602 | -€28,070 | -45.5% |
| Intangible fixed assets | 21 | €4,500 | €0 | -€4,500 | -100.0% |
| Tangible fixed assets | 22/27 | €56,424 | €32,854 | -€23,570 | -41.8% |
| Plant, machinery and equipment | 23 | €1,199 | €938 | -€261 | -21.7% |
| Furniture and vehicles | 24 | €20,813 | €2,951 | -€17,863 | -85.8% |
| Other tangible fixed assets | 26 | €34,412 | €28,965 | -€5,447 | -15.8% |
| Financial fixed assets | 28 | €748 | €748 | = | 0.0% |
| Current assets | 29/58 | €46,954 | €48,417 | +€1,463 | +3.1% |
| Amounts receivable within one year | 40/41 | €41,850 | €42,301 | +€451 | +1.1% |
| Trade receivables | 40 | €39,224 | €39,714 | +€490 | +1.2% |
| Other amounts receivable | 41 | €2,626 | €2,587 | -€39 | -1.5% |
| Cash at bank and in hand | 54/58 | €2,523 | €4,292 | +€1,769 | +70.1% |
| Deferred charges and accrued income | 490/1 | €2,581 | €1,824 | -€757 | -29.3% |
| Total equity and liabilities | 10/49 | €108,626 | €82,018 | -€26,608 | -24.5% |
| Equity | 10/15 | -€25,589 | -€27,379 | -€1,790 | -7.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,468 | €5,468 | = | 0.0% |
| Tax-exempt reserves | 132 | €5,468 | €5,468 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,657 | -€51,447 | -€1,790 | -3.6% |
| Amounts payable | 17/49 | €134,215 | €109,397 | -€24,818 | -18.5% |
| Amounts payable after more than one year | 17 | €8,759 | €4,734 | -€4,025 | -46.0% |
| Financial debts | 170/4 | €8,759 | €4,734 | -€4,025 | -46.0% |
| Amounts payable within one year | 42/48 | €125,456 | €103,601 | -€21,855 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €3,970 | €4,009 | +€39 | +1.0% |
| Trade debts | 44 | €1,597 | €168 | -€1,429 | -89.5% |
| Suppliers | 440/4 | €1,597 | €168 | -€1,429 | -89.5% |
| Advances received on contracts in progress | 46 | €7 | - | -€7 | |
| Taxes, remuneration and social security | 45 | €2,514 | €2,317 | -€197 | -7.8% |
| Taxes | 450/3 | €2,514 | €2,317 | -€197 | -7.8% |
| Other amounts payable | 47/48 | €117,368 | €97,107 | -€20,262 | -17.3% |
| Accrued charges and deferred income | 492/3 | - | €1,062 | +€1,062 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,378 | €28,408 | +€30 | +0.1% |
| Other operating charges | 640/8 | €1,984 | €788 | -€1,195 | -60.3% |
| Gross operating margin | 9900 | €17,109 | €27,659 | +€10,550 | +61.7% |
| Operating profit (loss) | 9901 | -€13,253 | -€1,538 | +€11,715 | +88.4% |
| Financial income | 75/76B | €55 | €69 | +€15 | +26.6% |
| Recurring financial income | 75 | €55 | €69 | +€15 | +26.6% |
| Financial charges | 65/66B | €217 | €184 | -€33 | -15.1% |
| Recurring financial charges | 65 | €217 | €184 | -€33 | -15.1% |
| Profit (loss) for the period before taxes | 9903 | -€13,415 | -€1,652 | +€11,762 | +87.7% |
| Income taxes | 67/77 | €147 | €137 | -€10 | -6.8% |
| Profit (loss) for the period | 9904 | -€13,562 | -€1,790 | +€11,772 | +86.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,562 | -€1,790 | +€11,772 | +86.8% |
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 10 October 2026 via checked.be.