Orient-HZ: 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-HZ
Largest movements
- Tangible fixed assets +€88,421
up €88,421 (+256%), from €34,541 to €122,962
of which Land and buildings: +€95,000
- Receivables within one year +€44,790
up €44,790 (+17.4%), from €257,743 to €302,534
of which Trade receivables: +€41,290
- Cash -€11,065
down €11,065 (-25.4%), from €43,599 to €32,534
mainly Investment in fixed assets (net) (-€127,873) and Accrued charges and deferred income (-€45,366)
- Financial fixed assets -€7,000
down €7,000 (-65.1%), from €10,750 to €3,750
- Stocks and contracts -€4,687
down €4,687 (-45.0%), from €10,414 to €5,727
- Trade debts +€85,391
up €85,391 (+19,595%), from €436 to €85,827
- Reserves +€71,301
up €71,301 (+24.1%), from €295,255 to €366,557
of which Distributable reserves: +€71,301
- Accrued charges and deferred income -€45,366
down €45,366 (-89.5%), from €50,709 to €5,343
- Profit (loss) carried forward +€24,126
no longer reported in 2024 (was -€24,126)
- Tax, wage and social debts -€16,074
down €16,074 (-81.8%), from €19,655 to €3,581
of which Taxes: -€14,965
- Gross operating margin +€215,029
up €215,029 (+379%), from €56,771 to €271,800
- Staff costs +€81,953
up €81,953 (+867%), from €9,458 to €91,411
- Depreciation +€25,653
up €25,653 (+123%), from €20,800 to €46,453
- Taxes -€22,433
down €22,433 (-57.7%), from €38,901 to €16,468
- Other operating charges +€10,541
up €10,541 (+176%), from €6,005 to €16,546
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €357,048 | €467,507 | +€110,459 | +30.9% |
| Fixed assets | 21/28 | €45,291 | €126,712 | +€81,421 | +180% |
| Tangible fixed assets | 22/27 | €34,541 | €122,962 | +€88,421 | +256% |
| Land and buildings | 22 | - | €95,000 | +€95,000 | |
| Plant, machinery and equipment | 23 | €32,222 | €27,962 | -€4,260 | -13.2% |
| Furniture and vehicles | 24 | €2,319 | - | -€2,319 | |
| Financial fixed assets | 28 | €10,750 | €3,750 | -€7,000 | -65.1% |
| Current assets | 29/58 | €311,756 | €340,795 | +€29,038 | +9.3% |
| Stocks and contracts in progress | 3 | €10,414 | €5,727 | -€4,687 | -45.0% |
| Stocks | 30/36 | €10,414 | €5,727 | -€4,687 | -45.0% |
| Amounts receivable within one year | 40/41 | €257,743 | €302,534 | +€44,790 | +17.4% |
| Trade receivables | 40 | €209,875 | €251,165 | +€41,290 | +19.7% |
| Other amounts receivable | 41 | €47,869 | €51,369 | +€3,500 | +7.3% |
| Cash at bank and in hand | 54/58 | €43,599 | €32,534 | -€11,065 | -25.4% |
| Total equity and liabilities | 10/49 | €357,048 | €467,507 | +€110,459 | +30.9% |
| Equity | 10/15 | €277,330 | €372,757 | +€95,427 | +34.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €295,255 | €366,557 | +€71,301 | +24.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €293,395 | €364,697 | +€71,301 | +24.3% |
| Profit (loss) carried forward | 14 | -€24,126 | - | +€24,126 | |
| Amounts payable | 17/49 | €79,718 | €94,750 | +€15,032 | +18.9% |
| Amounts payable after more than one year | 17 | €8,918 | - | -€8,918 | |
| Financial debts | 170/4 | €8,918 | - | -€8,918 | |
| Amounts payable within one year | 42/48 | €20,091 | €89,408 | +€69,317 | +345% |
| Trade debts | 44 | €436 | €85,827 | +€85,391 | +19,595% |
| Suppliers | 440/4 | €436 | €85,827 | +€85,391 | +19,595% |
| Taxes, remuneration and social security | 45 | €19,655 | €3,581 | -€16,074 | -81.8% |
| Taxes | 450/3 | €16,947 | €1,982 | -€14,965 | -88.3% |
| Remuneration and social security | 454/9 | €2,708 | €1,599 | -€1,110 | -41.0% |
| Accrued charges and deferred income | 492/3 | €50,709 | €5,343 | -€45,366 | -89.5% |
| Non-recurring operating income | 76A | - | €21,257 | +€21,257 | |
| Remuneration, social security and pensions | 62 | €9,458 | €91,411 | +€81,953 | +867% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,800 | €46,453 | +€25,653 | +123% |
| Other operating charges | 640/8 | €6,005 | €16,546 | +€10,541 | +176% |
| Gross operating margin | 9900 | €56,771 | €271,800 | +€215,029 | +379% |
| Operating profit (loss) | 9901 | €20,508 | €117,391 | +€96,883 | +472% |
| Financial income | 75/76B | - | €331 | +€331 | |
| Recurring financial income | 75 | - | €331 | +€331 | |
| Financial charges | 65/66B | €5,733 | €5,827 | +€94 | +1.6% |
| Recurring financial charges | 65 | €5,733 | €5,827 | +€94 | +1.6% |
| Profit (loss) for the period before taxes | 9903 | €14,776 | €111,895 | +€97,119 | +657% |
| Income taxes | 67/77 | €38,901 | €16,468 | -€22,433 | -57.7% |
| Profit (loss) for the period | 9904 | -€24,126 | €95,427 | +€119,552 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,126 | €95,427 | +€119,552 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.