ORIEL: 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.
ORIEL
Largest movements
- Tangible fixed assets -€24,799
down €24,799 (-11.1%), from €224,359 to €199,560
of which Furniture and vehicles: -€27,038
- Cash -€24,364
down €24,364 (-5.1%), from €475,444 to €451,080
mainly Other debts (-€19,117) and Current portion of long-term debt (-€17,453)
- Receivables within one year +€8,044
up €8,044 (+59.7%), from €13,469 to €21,513
of which Other amounts receivable: +€8,044
- Other debts -€19,117
down €19,117 (-30.9%), from €61,824 to €42,707
- Current portion of long-term debt -€17,453
down €17,453 (-74.9%), from €23,307 to €5,854
- Depreciation -€75,314
down €75,314 (-75.2%), from €100,114 to €24,800
- Gross operating margin -€14,742
down €14,742 (-38.9%), from €37,871 to €23,129
- Financial income -€4,043
down €4,043 (-37.8%), from €10,695 to €6,652
- Financial charges -€405
down €405 (-39.9%), from €1,014 to €609
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 | €725,394 | €683,247 | -€42,147 | -5.8% |
| Fixed assets | 21/28 | €232,542 | €207,743 | -€24,799 | -10.7% |
| Tangible fixed assets | 22/27 | €224,359 | €199,560 | -€24,799 | -11.1% |
| Land and buildings | 22 | €180,762 | €187,487 | +€6,725 | +3.7% |
| Plant, machinery and equipment | 23 | €9,665 | €5,179 | -€4,486 | -46.4% |
| Furniture and vehicles | 24 | €33,932 | €6,894 | -€27,038 | -79.7% |
| Financial fixed assets | 28 | €8,183 | €8,183 | = | 0.0% |
| Current assets | 29/58 | €492,852 | €475,504 | -€17,348 | -3.5% |
| Amounts receivable within one year | 40/41 | €13,469 | €21,513 | +€8,044 | +59.7% |
| Trade receivables | 40 | €766 | €766 | = | 0.0% |
| Other amounts receivable | 41 | €12,703 | €20,747 | +€8,044 | +63.3% |
| Cash at bank and in hand | 54/58 | €475,444 | €451,080 | -€24,364 | -5.1% |
| Deferred charges and accrued income | 490/1 | €3,939 | €2,911 | -€1,028 | -26.1% |
| Total equity and liabilities | 10/49 | €725,394 | €683,247 | -€42,147 | -5.8% |
| Equity | 10/15 | €629,856 | €622,647 | -€7,209 | -1.1% |
| Contributions | 10/11 | €90,600 | €90,600 | = | 0.0% |
| Capital | 10 | €90,600 | €90,600 | = | 0.0% |
| Issued capital | 100 | €90,600 | €90,600 | = | 0.0% |
| Reserves | 13 | €208,467 | €208,467 | = | 0.0% |
| Non-distributable reserves | 130/1 | €39,059 | €39,059 | = | 0.0% |
| Legal reserve | 130 | €39,059 | €39,059 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,500 | €9,500 | = | 0.0% |
| Distributable reserves | 133 | €159,908 | €159,908 | = | 0.0% |
| Profit (loss) carried forward | 14 | €330,789 | €323,580 | -€7,209 | -2.2% |
| Amounts payable | 17/49 | €95,538 | €60,600 | -€34,938 | -36.6% |
| Amounts payable after more than one year | 17 | €5,854 | - | -€5,854 | |
| Financial debts | 170/4 | €5,854 | - | -€5,854 | |
| Amounts payable within one year | 42/48 | €86,135 | €60,600 | -€25,535 | -29.6% |
| Current portion of amounts payable after more than one year | 42 | €23,307 | €5,854 | -€17,453 | -74.9% |
| Trade debts | 44 | €1,004 | €7,914 | +€6,910 | +688.2% |
| Suppliers | 440/4 | €1,004 | €7,914 | +€6,910 | +688.2% |
| Taxes, remuneration and social security | 45 | - | €4,125 | +€4,125 | |
| Taxes | 450/3 | - | €4,125 | +€4,125 | |
| Other amounts payable | 47/48 | €61,824 | €42,707 | -€19,117 | -30.9% |
| Accrued charges and deferred income | 492/3 | €3,549 | - | -€3,549 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,114 | €24,800 | -€75,314 | -75.2% |
| Other operating charges | 640/8 | €11,347 | €11,581 | +€234 | +2.1% |
| Gross operating margin | 9900 | €37,871 | €23,129 | -€14,742 | -38.9% |
| Operating profit (loss) | 9901 | -€73,590 | -€13,252 | +€60,338 | +82.0% |
| Financial income | 75/76B | €10,695 | €6,652 | -€4,043 | -37.8% |
| Recurring financial income | 75 | €10,695 | €6,652 | -€4,043 | -37.8% |
| Financial charges | 65/66B | €1,014 | €609 | -€405 | -39.9% |
| Recurring financial charges | 65 | €1,014 | €609 | -€405 | -39.9% |
| Profit (loss) for the period before taxes | 9903 | -€63,909 | -€7,209 | +€56,700 | +88.7% |
| Profit (loss) for the period | 9904 | -€63,909 | -€7,209 | +€56,700 | +88.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,909 | -€7,209 | +€56,700 | +88.7% |
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 1 October 2026 via checked.be.