ORIENT-HDS: 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.
ORIENT-HDS
Largest movements
- Cash -€10,603
down €10,603 (-30.2%), from €35,134 to €24,531
mainly Net result for the year (-€56,692) and Accrued charges and deferred income (-€26,356)
- Tangible fixed assets -€3,212
down €3,212 (-49.2%), from €6,530 to €3,318
of which Plant, machinery and equipment: -€1,712
- Trade debts +€71,124
new in 2025: €71,124
- Profit (loss) carried forward -€56,692
new in 2025: -€56,692
- Accrued charges and deferred income -€26,356
no longer reported in 2025 (was €26,356)
- Other debts -€5,766
down €5,766 (-78.3%), from €7,362 to €1,596
- Tax, wage and social debts +€3,791
up €3,791 (+86.2%), from €4,400 to €8,191
of which Taxes: +€5,383
- Gross operating margin -€16,525
down €16,525, from €12,741 to -€3,784
- Other operating charges +€13,399
up €13,399 (+792.7%), from €1,690 to €15,090
- Staff costs +€12,552
new in 2025: €12,552
- Depreciation +€8,000
up €8,000 (+249.1%), from €3,212 to €11,212
- Financial charges +€6,330
up €6,330 (+124.2%), from €5,097 to €11,427
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 | €58,792 | €44,893 | -€13,899 | -23.6% |
| Fixed assets | 21/28 | €8,630 | €5,418 | -€3,212 | -37.2% |
| Tangible fixed assets | 22/27 | €6,530 | €3,318 | -€3,212 | -49.2% |
| Plant, machinery and equipment | 23 | €5,030 | €3,318 | -€1,712 | -34.0% |
| Furniture and vehicles | 24 | €1,500 | - | -€1,500 | |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €50,162 | €39,475 | -€10,687 | -21.3% |
| Stocks and contracts in progress | 3 | €9,414 | €9,414 | = | 0.0% |
| Stocks | 30/36 | €9,414 | €9,414 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,569 | €5,530 | -€39 | -0.7% |
| Trade receivables | 40 | €5,497 | €1,205 | -€4,292 | -78.1% |
| Other amounts receivable | 41 | €72 | €4,325 | +€4,253 | +5925.9% |
| Cash at bank and in hand | 54/58 | €35,134 | €24,531 | -€10,603 | -30.2% |
| Deferred charges and accrued income | 490/1 | €45 | - | -€45 | |
| Total equity and liabilities | 10/49 | €58,792 | €44,893 | -€13,899 | -23.6% |
| Equity | 10/15 | €20,674 | -€36,018 | -€56,692 | |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Capital | 10 | €7,500 | €7,500 | = | 0.0% |
| Issued capital | 100 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €13,174 | €13,174 | = | 0.0% |
| Distributable reserves | 133 | €13,174 | €13,174 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€56,692 | -€56,692 | |
| Amounts payable | 17/49 | €38,118 | €80,911 | +€42,793 | +112.3% |
| Amounts payable within one year | 42/48 | €11,762 | €80,911 | +€69,148 | +587.9% |
| Trade debts | 44 | - | €71,124 | +€71,124 | |
| Suppliers | 440/4 | - | €71,124 | +€71,124 | |
| Taxes, remuneration and social security | 45 | €4,400 | €8,191 | +€3,791 | +86.2% |
| Taxes | 450/3 | - | €5,383 | +€5,383 | |
| Remuneration and social security | 454/9 | €4,400 | €2,808 | -€1,592 | -36.2% |
| Other amounts payable | 47/48 | €7,362 | €1,596 | -€5,766 | -78.3% |
| Accrued charges and deferred income | 492/3 | €26,356 | - | -€26,356 | |
| Non-recurring operating income | 76A | - | €4,132 | +€4,132 | |
| Remuneration, social security and pensions | 62 | - | €12,552 | +€12,552 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,212 | €11,212 | +€8,000 | +249.1% |
| Other operating charges | 640/8 | €1,690 | €15,090 | +€13,399 | +792.7% |
| Gross operating margin | 9900 | €12,741 | -€3,784 | -€16,525 | |
| Operating profit (loss) | 9901 | €7,838 | -€42,638 | -€50,476 | |
| Financial charges | 65/66B | €5,097 | €11,427 | +€6,330 | +124.2% |
| Recurring financial charges | 65 | €5,097 | €11,427 | +€6,330 | +124.2% |
| Profit (loss) for the period before taxes | 9903 | €2,741 | -€54,065 | -€56,806 | |
| Income taxes | 67/77 | €2,547 | €2,627 | +€81 | +3.2% |
| Profit (loss) for the period | 9904 | €195 | -€56,692 | -€56,887 | |
| Profit (loss) for the period to be appropriated | 9905 | €195 | -€56,692 | -€56,887 |
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 11 October 2026 via checked.be.