Orgues De Facto: 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.
Orgues De Facto
Largest movements
- Receivables within one year +€51,697
up €51,697 (+48.6%), from €106,289 to €157,986
of which Trade receivables: +€46,978
- Stocks and contracts -€38,873
down €38,873 (-37.5%), from €103,570 to €64,697
of which Contracts in progress: -€38,873
- Cash +€28,118
up €28,118 (+46.9%), from €59,952 to €88,069
mainly Net result for the year (+€39,631) and Stocks and contracts (+€38,873)
- Tangible fixed assets -€8,992
down €8,992 (-22.5%), from €39,905 to €30,913
of which Plant, machinery and equipment: -€12,470
- Trade debts -€43,292
down €43,292 (-64.0%), from €67,640 to €24,347
- Profit (loss) carried forward +€39,631
up €39,631 (+55.0%), from -€72,066 to -€32,435
- Tax, wage and social debts +€26,308
up €26,308 (+50.5%), from €52,066 to €78,374
of which Taxes: +€27,661
- Other debts +€9,736
up €9,736 (+5.2%), from €187,565 to €197,301
- Staff costs -€31,340
down €31,340 (-13.0%), from €241,223 to €209,883
- Gross operating margin -€7,219
down €7,219 (-2.6%), from €276,931 to €269,712
- Financial charges +€2,961
up €2,961 (+161%), from €1,838 to €4,799
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 | €325,205 | €357,587 | +€32,382 | +10.0% |
| Fixed assets | 21/28 | €55,395 | €46,403 | -€8,992 | -16.2% |
| Tangible fixed assets | 22/27 | €39,905 | €30,913 | -€8,992 | -22.5% |
| Plant, machinery and equipment | 23 | €35,017 | €22,547 | -€12,470 | -35.6% |
| Furniture and vehicles | 24 | - | €4,119 | +€4,119 | |
| Other tangible fixed assets | 26 | €4,887 | €4,246 | -€641 | -13.1% |
| Financial fixed assets | 28 | €15,490 | €15,490 | = | 0.0% |
| Current assets | 29/58 | €269,810 | €311,185 | +€41,374 | +15.3% |
| Stocks and contracts in progress | 3 | €103,570 | €64,697 | -€38,873 | -37.5% |
| Stocks | 30/36 | €25,000 | €25,000 | = | 0.0% |
| Contracts in progress | 37 | €78,570 | €39,697 | -€38,873 | -49.5% |
| Amounts receivable within one year | 40/41 | €106,289 | €157,986 | +€51,697 | +48.6% |
| Trade receivables | 40 | €74,914 | €121,892 | +€46,978 | +62.7% |
| Other amounts receivable | 41 | €31,375 | €36,094 | +€4,719 | +15.0% |
| Cash at bank and in hand | 54/58 | €59,952 | €88,069 | +€28,118 | +46.9% |
| Deferred charges and accrued income | 490/1 | - | €432 | +€432 | |
| Total equity and liabilities | 10/49 | €325,205 | €357,587 | +€32,382 | +10.0% |
| Equity | 10/15 | €17,934 | €57,565 | +€39,631 | +221% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,066 | -€32,435 | +€39,631 | +55.0% |
| Amounts payable | 17/49 | €307,271 | €300,022 | -€7,249 | -2.4% |
| Amounts payable within one year | 42/48 | €307,271 | €300,022 | -€7,249 | -2.4% |
| Trade debts | 44 | €67,640 | €24,347 | -€43,292 | -64.0% |
| Suppliers | 440/4 | €67,640 | €24,347 | -€43,292 | -64.0% |
| Taxes, remuneration and social security | 45 | €52,066 | €78,374 | +€26,308 | +50.5% |
| Taxes | 450/3 | €43,854 | €71,516 | +€27,661 | +63.1% |
| Remuneration and social security | 454/9 | €8,212 | €6,858 | -€1,354 | -16.5% |
| Other amounts payable | 47/48 | €187,565 | €197,301 | +€9,736 | +5.2% |
| Remuneration, social security and pensions | 62 | €241,223 | €209,883 | -€31,340 | -13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,111 | €13,307 | +€196 | +1.5% |
| Other operating charges | 640/8 | €6,695 | €4,804 | -€1,891 | -28.2% |
| Gross operating margin | 9900 | €276,931 | €269,712 | -€7,219 | -2.6% |
| Operating profit (loss) | 9901 | €15,901 | €41,717 | +€25,816 | +162% |
| Financial income | 75/76B | €2,512 | €2,713 | +€201 | +8.0% |
| Recurring financial income | 75 | €2,512 | €2,713 | +€201 | +8.0% |
| Financial charges | 65/66B | €1,838 | €4,799 | +€2,961 | +161% |
| Recurring financial charges | 65 | €1,838 | €4,799 | +€2,961 | +161% |
| Profit (loss) for the period before taxes | 9903 | €16,576 | €39,631 | +€23,056 | +139% |
| Profit (loss) for the period | 9904 | €16,576 | €39,631 | +€23,056 | +139% |
| Profit (loss) for the period to be appropriated | 9905 | €16,576 | €39,631 | +€23,056 | +139% |
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 24 October 2026 via checked.be.