ORGAVEG: 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.
ORGAVEG
Largest movements
- Receivables within one year -€51,284
down €51,284 (-53.8%), from €95,339 to €44,055
of which Trade receivables: -€32,472
- Cash +€33,427
up €33,427 (+942.4%), from €3,547 to €36,975
mainly Trade debts (+€60,850) and Receivables within one year (+€51,284)
- Tangible fixed assets -€19,598
down €19,598 (-41.7%), from €47,012 to €27,414
of which Plant, machinery and equipment: -€16,948
- Profit (loss) carried forward -€73,604
down €73,604 (-101.8%), from -€72,287 to -€145,891
- Trade debts +€60,850
up €60,850 (+75.0%), from €81,130 to €141,980
- Debts after one year -€17,369
down €17,369 (-74.8%), from €23,216 to €5,847
- Tax, wage and social debts -€7,492
down €7,492 (-53.5%), from €14,011 to €6,519
of which Remuneration and social security: -€6,072
- Gross operating margin -€46,876
down €46,876, from €22,853 to -€24,023
- Staff costs -€7,644
down €7,644 (-22.5%), from €33,926 to €26,282
- Other operating charges +€403
up €403 (+14.8%), from €2,721 to €3,124
- Financial charges -€291
down €291 (-33.5%), from €869 to €578
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 | €146,557 | €109,198 | -€37,359 | -25.5% |
| Fixed assets | 21/28 | €47,012 | €27,414 | -€19,598 | -41.7% |
| Tangible fixed assets | 22/27 | €47,012 | €27,414 | -€19,598 | -41.7% |
| Plant, machinery and equipment | 23 | €40,870 | €23,922 | -€16,948 | -41.5% |
| Furniture and vehicles | 24 | €6,142 | €3,492 | -€2,650 | -43.1% |
| Current assets | 29/58 | €99,545 | €81,784 | -€17,761 | -17.8% |
| Amounts receivable within one year | 40/41 | €95,339 | €44,055 | -€51,284 | -53.8% |
| Trade receivables | 40 | €76,169 | €43,698 | -€32,472 | -42.6% |
| Other amounts receivable | 41 | €19,170 | €357 | -€18,813 | -98.1% |
| Cash at bank and in hand | 54/58 | €3,547 | €36,975 | +€33,427 | +942.4% |
| Deferred charges and accrued income | 490/1 | €659 | €755 | +€96 | +14.6% |
| Total equity and liabilities | 10/49 | €146,557 | €109,198 | -€37,359 | -25.5% |
| Equity | 10/15 | €11,087 | -€62,517 | -€73,604 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €80,874 | €80,874 | = | 0.0% |
| Distributable reserves | 133 | €80,874 | €80,874 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,287 | -€145,891 | -€73,604 | -101.8% |
| Amounts payable | 17/49 | €135,470 | €171,715 | +€36,245 | +26.8% |
| Amounts payable after more than one year | 17 | €23,216 | €5,847 | -€17,369 | -74.8% |
| Financial debts | 170/4 | €23,216 | €5,847 | -€17,369 | -74.8% |
| Amounts payable within one year | 42/48 | €112,254 | €165,868 | +€53,614 | +47.8% |
| Current portion of amounts payable after more than one year | 42 | €17,113 | €17,369 | +€256 | +1.5% |
| Trade debts | 44 | €81,130 | €141,980 | +€60,850 | +75.0% |
| Suppliers | 440/4 | €81,130 | €141,980 | +€60,850 | +75.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €14,011 | €6,519 | -€7,492 | -53.5% |
| Taxes | 450/3 | €3,335 | €1,914 | -€1,421 | -42.6% |
| Remuneration and social security | 454/9 | €10,677 | €4,605 | -€6,072 | -56.9% |
| Remuneration, social security and pensions | 62 | €33,926 | €26,282 | -€7,644 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,598 | €19,598 | = | 0.0% |
| Other operating charges | 640/8 | €2,721 | €3,124 | +€403 | +14.8% |
| Gross operating margin | 9900 | €22,853 | -€24,023 | -€46,876 | |
| Operating profit (loss) | 9901 | -€33,392 | -€73,027 | -€39,635 | -118.7% |
| Financial income | 75/76B | €163 | €0 | -€163 | -99.8% |
| Recurring financial income | 75 | €163 | €0 | -€163 | -99.8% |
| Financial charges | 65/66B | €869 | €578 | -€291 | -33.5% |
| Recurring financial charges | 65 | €869 | €578 | -€291 | -33.5% |
| Profit (loss) for the period before taxes | 9903 | -€34,097 | -€73,604 | -€39,507 | -115.9% |
| Profit (loss) for the period | 9904 | -€34,097 | -€73,604 | -€39,507 | -115.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€34,097 | -€73,604 | -€39,507 | -115.9% |
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 3 October 2026 via checked.be.