ORHCO: 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.
ORHCO
Largest movements
- Receivables within one year +€24,480
up €24,480 (+10.5%), from €233,466 to €257,946
of which Trade receivables: +€35,946
- Tangible fixed assets +€7,125
up €7,125 (+4.7%), from €152,368 to €159,492
of which Plant, machinery and equipment: +€13,339
- Profit (loss) carried forward +€45,209
up €45,209 (+54.3%), from €83,289 to €128,498
- Debts after one year -€13,809
down €13,809 (-10.4%), from €132,366 to €118,557
- Other debts +€5,629
up €5,629 (+20.0%), from €28,085 to €33,714
- Reserves -€4,812
down €4,812 (-6.4%), from €74,776 to €69,964
of which Tax-exempt reserves: -€4,812
- Gross operating margin +€41,244
up €41,244 (+106%), from €38,850 to €80,093
- Other operating charges -€12,636
down €12,636 (-69.7%), from €18,121 to €5,485
- Taxes +€9,080
up €9,080 (+357%), from €2,541 to €11,621
- Depreciation -€1,655
down €1,655 (-12.4%), from €13,312 to €11,656
- Write-downs -€1,222
down €1,222 (-100%), from €1,222 to €0
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 | €387,599 | €421,820 | +€34,221 | +8.8% |
| Fixed assets | 21/28 | €152,420 | €161,044 | +€8,625 | +5.7% |
| Tangible fixed assets | 22/27 | €152,368 | €159,492 | +€7,125 | +4.7% |
| Land and buildings | 22 | €148,656 | €140,030 | -€8,627 | -5.8% |
| Plant, machinery and equipment | 23 | - | €13,339 | +€13,339 | |
| Furniture and vehicles | 24 | €3,711 | €6,124 | +€2,413 | +65.0% |
| Financial fixed assets | 28 | €52 | €1,552 | +€1,500 | +2,880% |
| Current assets | 29/58 | €235,179 | €260,776 | +€25,597 | +10.9% |
| Amounts receivable within one year | 40/41 | €233,466 | €257,946 | +€24,480 | +10.5% |
| Trade receivables | 40 | €108,493 | €144,438 | +€35,946 | +33.1% |
| Other amounts receivable | 41 | €124,973 | €113,508 | -€11,465 | -9.2% |
| Cash at bank and in hand | 54/58 | €1,122 | €819 | -€303 | -27.0% |
| Deferred charges and accrued income | 490/1 | €591 | €2,010 | +€1,419 | +240% |
| Total equity and liabilities | 10/49 | €387,599 | €421,820 | +€34,221 | +8.8% |
| Equity | 10/15 | €176,665 | €217,062 | +€40,397 | +22.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €74,776 | €69,964 | -€4,812 | -6.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €72,916 | €68,104 | -€4,812 | -6.6% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,289 | €128,498 | +€45,209 | +54.3% |
| Provisions and deferred taxes | 16 | €18,110 | €16,907 | -€1,203 | -6.6% |
| Deferred taxes | 168 | €18,110 | €16,907 | -€1,203 | -6.6% |
| Amounts payable | 17/49 | €192,824 | €187,852 | -€4,973 | -2.6% |
| Amounts payable after more than one year | 17 | €132,366 | €118,557 | -€13,809 | -10.4% |
| Financial debts | 170/4 | €132,366 | €118,557 | -€13,809 | -10.4% |
| Amounts payable within one year | 42/48 | €60,458 | €66,795 | +€6,336 | +10.5% |
| Current portion of amounts payable after more than one year | 42 | €13,660 | €13,809 | +€149 | +1.1% |
| Financial debts | 43 | - | €1,183 | +€1,183 | |
| Credit institutions | 430/8 | - | €1,183 | +€1,183 | |
| Trade debts | 44 | €9,899 | €6,636 | -€3,263 | -33.0% |
| Suppliers | 440/4 | €9,899 | €6,636 | -€3,263 | -33.0% |
| Taxes, remuneration and social security | 45 | €8,815 | €11,452 | +€2,638 | +29.9% |
| Taxes | 450/3 | €8,815 | €11,452 | +€2,638 | +29.9% |
| Other amounts payable | 47/48 | €28,085 | €33,714 | +€5,629 | +20.0% |
| Accrued charges and deferred income | 492/3 | - | €2,500 | +€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,312 | €11,656 | -€1,655 | -12.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,222 | €0 | -€1,222 | -100% |
| Other operating charges | 640/8 | €18,121 | €5,485 | -€12,636 | -69.7% |
| Gross operating margin | 9900 | €38,850 | €80,093 | +€41,244 | +106% |
| Operating profit (loss) | 9901 | €6,195 | €62,952 | +€56,757 | +916% |
| Financial income | 75/76B | €13 | €0 | -€13 | -100% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -100% |
| Financial charges | 65/66B | €2,176 | €2,137 | -€39 | -1.8% |
| Recurring financial charges | 65 | €2,176 | €2,137 | -€39 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €4,032 | €60,815 | +€56,783 | +1,408% |
| Transfer from deferred taxes | 780 | €1,203 | €1,203 | = | 0.0% |
| Income taxes | 67/77 | €2,541 | €11,621 | +€9,080 | +357% |
| Profit (loss) for the period | 9904 | €2,694 | €50,397 | +€47,703 | +1,771% |
| Transfer from tax-exempt reserves | 789 | €4,812 | €4,812 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,506 | €55,209 | +€47,703 | +636% |
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 13 October 2026 via checked.be.