ORIAN: 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.
ORIAN
Largest movements
- Receivables within one year +€113,387
up €113,387 (+108%), from €104,553 to €217,940
of which Other amounts receivable: +€112,213
- Receivables after one year -€38,275
down €38,275 (-81.7%), from €46,872 to €8,597
- Current investments +€28,800
up €28,800 (+54.4%), from €52,926 to €81,726
- Cash +€24,155
up €24,155 (+39.2%), from €61,654 to €85,809
mainly Net result for the year (+€148,723) and Receivables after one year (+€38,275)
- Tangible fixed assets +€22,437
up €22,437 (+158%), from €14,186 to €36,624
of which Land and buildings: +€30,608
- Reserves +€135,850
up €135,850 (+29.1%), from €467,525 to €603,375
of which Distributable reserves: +€72,700
- Tax, wage and social debts +€17,320
up €17,320 (+88.6%), from €19,537 to €36,857
of which Taxes: +€17,400
- Gross operating margin +€42,292
up €42,292 (+22.5%), from €187,876 to €230,167
- Taxes +€7,402
up €7,402 (+13.1%), from €56,680 to €64,082
- Depreciation +€6,328
up €6,328 (+77.0%), from €8,223 to €14,551
- Other operating charges +€3,607
up €3,607 (+279%), from €1,294 to €4,901
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 | €494,719 | €643,658 | +€148,939 | +30.1% |
| Fixed assets | 21/28 | €214,186 | €236,624 | +€22,437 | +10.5% |
| Tangible fixed assets | 22/27 | €14,186 | €36,624 | +€22,437 | +158% |
| Land and buildings | 22 | - | €30,608 | +€30,608 | |
| Plant, machinery and equipment | 23 | €103 | €25 | -€78 | -75.9% |
| Furniture and vehicles | 24 | €11,889 | €4,202 | -€7,687 | -64.7% |
| Other tangible fixed assets | 26 | €2,194 | €1,789 | -€406 | -18.5% |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €280,533 | €407,035 | +€126,502 | +45.1% |
| Amounts receivable after more than one year | 29 | €46,872 | €8,597 | -€38,275 | -81.7% |
| Other amounts receivable | 291 | €46,872 | €8,597 | -€38,275 | -81.7% |
| Amounts receivable within one year | 40/41 | €104,553 | €217,940 | +€113,387 | +108% |
| Trade receivables | 40 | €8,180 | €9,353 | +€1,174 | +14.3% |
| Other amounts receivable | 41 | €96,374 | €208,587 | +€112,213 | +116% |
| Current investments | 50/53 | €52,926 | €81,726 | +€28,800 | +54.4% |
| Cash at bank and in hand | 54/58 | €61,654 | €85,809 | +€24,155 | +39.2% |
| Deferred charges and accrued income | 490/1 | €14,528 | €12,963 | -€1,565 | -10.8% |
| Total equity and liabilities | 10/49 | €494,719 | €643,658 | +€148,939 | +30.1% |
| Equity | 10/15 | €469,384 | €605,274 | +€135,890 | +29.0% |
| Contributions | 10/11 | €1,785 | €1,785 | = | 0.0% |
| Reserves | 13 | €467,525 | €603,375 | +€135,850 | +29.1% |
| Tax-exempt reserves | 132 | €84,200 | €147,350 | +€63,150 | +75.0% |
| Distributable reserves | 133 | €383,325 | €456,025 | +€72,700 | +19.0% |
| Profit (loss) carried forward | 14 | €74 | €114 | +€40 | +54.5% |
| Amounts payable | 17/49 | €25,335 | €38,384 | +€13,049 | +51.5% |
| Amounts payable within one year | 42/48 | €25,335 | €38,384 | +€13,049 | +51.5% |
| Current portion of amounts payable after more than one year | 42 | €4,113 | - | -€4,113 | |
| Trade debts | 44 | €852 | €694 | -€158 | -18.6% |
| Suppliers | 440/4 | €852 | €694 | -€158 | -18.6% |
| Taxes, remuneration and social security | 45 | €19,537 | €36,857 | +€17,320 | +88.6% |
| Taxes | 450/3 | €17,137 | €34,537 | +€17,400 | +102% |
| Remuneration and social security | 454/9 | €2,400 | €2,320 | -€80 | -3.3% |
| Other amounts payable | 47/48 | €833 | €833 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,223 | €14,551 | +€6,328 | +77.0% |
| Other operating charges | 640/8 | €1,294 | €4,901 | +€3,607 | +279% |
| Gross operating margin | 9900 | €187,876 | €230,167 | +€42,292 | +22.5% |
| Operating profit (loss) | 9901 | €178,358 | €210,715 | +€32,357 | +18.1% |
| Financial income | 75/76B | €4,897 | €2,694 | -€2,203 | -45.0% |
| Recurring financial income | 75 | €4,897 | €2,694 | -€2,203 | -45.0% |
| Financial charges | 65/66B | €613 | €604 | -€9 | -1.4% |
| Recurring financial charges | 65 | €613 | €604 | -€9 | -1.4% |
| Profit (loss) for the period before taxes | 9903 | €182,642 | €212,805 | +€30,163 | +16.5% |
| Income taxes | 67/77 | €56,680 | €64,082 | +€7,402 | +13.1% |
| Profit (loss) for the period | 9904 | €125,962 | €148,723 | +€22,761 | +18.1% |
| Transfer to tax-exempt reserves | 689 | €42,100 | €63,150 | +€21,050 | +50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €83,862 | €85,573 | +€1,711 | +2.0% |
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.