ORIENTES: 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.
ORIENTES
Largest movements
- Cash +€181,634
up €181,634 (+92.0%), from €197,496 to €379,130
mainly Net result for the year (+€98,773) and Depreciation (+€56,628)
- Tangible fixed assets -€56,628
down €56,628 (-11.6%), from €486,365 to €429,737
of which Plant, machinery and equipment: -€30,100
- Receivables within one year -€40,641
down €40,641 (-14.7%), from €275,579 to €234,938
of which Other amounts receivable: -€26,800
- Current investments +€34,000
up €34,000 (+9.0%), from €377,487 to €411,486
- Deferred charges and accrued income -€16,710
down €16,710 (-23.3%), from €71,763 to €55,053
- Reserves +€70,418
up €70,418 (+5.1%), from €1.4m to €1.4m
of which Distributable reserves: +€78,304
- Profit (loss) carried forward +€28,355
no longer reported in 2025 (was -€28,355)
- Gross operating margin +€129,875
up €129,875 (+189.2%), from €68,647 to €198,523
- Taxes +€21,196
up €21,196 (+113.4%), from €18,684 to €39,879
- Depreciation -€3,586
down €3,586 (-6.0%), from €60,214 to €56,628
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 | €1,409,901 | €1,511,555 | +€101,655 | +7.2% |
| Fixed assets | 21/28 | €487,575 | €430,947 | -€56,628 | -11.6% |
| Tangible fixed assets | 22/27 | €486,365 | €429,737 | -€56,628 | -11.6% |
| Land and buildings | 22 | €246,032 | €233,806 | -€12,226 | -5.0% |
| Plant, machinery and equipment | 23 | €210,147 | €180,046 | -€30,100 | -14.3% |
| Furniture and vehicles | 24 | €30,186 | €15,885 | -€14,301 | -47.4% |
| Financial fixed assets | 28 | €1,210 | €1,210 | = | 0.0% |
| Current assets | 29/58 | €922,326 | €1,080,608 | +€158,282 | +17.2% |
| Amounts receivable within one year | 40/41 | €275,579 | €234,938 | -€40,641 | -14.7% |
| Trade receivables | 40 | €178,733 | €164,893 | -€13,840 | -7.7% |
| Other amounts receivable | 41 | €96,846 | €70,046 | -€26,800 | -27.7% |
| Current investments | 50/53 | €377,487 | €411,486 | +€34,000 | +9.0% |
| Cash at bank and in hand | 54/58 | €197,496 | €379,130 | +€181,634 | +92.0% |
| Deferred charges and accrued income | 490/1 | €71,763 | €55,053 | -€16,710 | -23.3% |
| Total equity and liabilities | 10/49 | €1,409,901 | €1,511,555 | +€101,655 | +7.2% |
| Equity | 10/15 | €1,358,486 | €1,457,260 | +€98,773 | +7.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,368,241 | €1,438,660 | +€70,418 | +5.1% |
| Non-distributable reserves | 130/1 | €32,000 | €32,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €32,000 | €32,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,886 | - | -€7,886 | |
| Distributable reserves | 133 | €1,328,355 | €1,406,660 | +€78,304 | +5.9% |
| Profit (loss) carried forward | 14 | -€28,355 | - | +€28,355 | |
| Amounts payable | 17/49 | €51,414 | €54,296 | +€2,881 | +5.6% |
| Amounts payable within one year | 42/48 | €51,414 | €54,296 | +€2,881 | +5.6% |
| Trade debts | 44 | €10,652 | €9,456 | -€1,196 | -11.2% |
| Suppliers | 440/4 | €10,652 | €9,456 | -€1,196 | -11.2% |
| Taxes, remuneration and social security | 45 | €25,010 | €29,655 | +€4,645 | +18.6% |
| Taxes | 450/3 | €25,010 | €29,655 | +€4,645 | +18.6% |
| Other amounts payable | 47/48 | €15,752 | €15,185 | -€568 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,214 | €56,628 | -€3,586 | -6.0% |
| Other operating charges | 640/8 | €3,711 | €3,292 | -€419 | -11.3% |
| Non-recurring operating charges | 66A | - | €5,748 | +€5,748 | |
| Gross operating margin | 9900 | €68,647 | €198,523 | +€129,875 | +189.2% |
| Operating profit (loss) | 9901 | €4,723 | €132,854 | +€128,132 | +2713.2% |
| Financial income | 75/76B | €6,307 | €5,804 | -€502 | -8.0% |
| Recurring financial income | 75 | €6,307 | €5,804 | -€502 | -8.0% |
| Financial charges | 65/66B | €0 | €6 | +€6 | +1790.6% |
| Recurring financial charges | 65 | €0 | €6 | +€6 | +1790.6% |
| Profit (loss) for the period before taxes | 9903 | €11,029 | €138,653 | +€127,624 | +1157.2% |
| Income taxes | 67/77 | €18,684 | €39,879 | +€21,196 | +113.4% |
| Profit (loss) for the period | 9904 | -€7,655 | €98,773 | +€106,428 | |
| Transfer from tax-exempt reserves | 789 | €84,200 | - | -€84,200 | |
| Transfer to tax-exempt reserves | 689 | - | €52,114 | +€52,114 | |
| Profit (loss) for the period to be appropriated | 9905 | €76,545 | €46,659 | -€29,886 | -39.0% |
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 11 October 2026 via checked.be.