ORIFAGE: 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.
ORIFAGE
Largest movements
- Tangible fixed assets -€5,202
down €5,202 (-75.1%), from €6,928 to €1,726
- Cash -€4,403
down €4,403 (-42.0%), from €10,492 to €6,089
mainly Debts after one year (-€2,900) and Stocks and contracts (-€2,103)
- Stocks and contracts +€2,103
up €2,103 (+209%), from €1,009 to €3,112
- Receivables within one year +€1,028
up €1,028 (+25,694%), from €4 to €1,032
- Deferred charges and accrued income -€363
down €363 (-67.4%), from €538 to €175
- Debts after one year -€2,900
down €2,900 (-61.3%), from €4,732 to €1,832
- Profit (loss) carried forward -€1,554
down €1,554, from €1,037 to -€517
- Trade debts -€1,301
down €1,301 (-74.1%), from €1,757 to €456
- Current portion of long-term debt -€984
down €984 (-25.3%), from €3,884 to €2,900
- Tax, wage and social debts -€457
down €457 (-13.3%), from €3,444 to €2,988
- Gross operating margin -€581
down €581 (-9.0%), from €6,481 to €5,900
- Financial charges -€391
down €391 (-35.4%), from €1,103 to €712
- Taxes -€139
down €139 (-20.8%), from €667 to €528
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 | €21,112 | €13,851 | -€7,260 | -34.4% |
| Formation expenses | 20 | €674 | €451 | -€223 | -33.1% |
| Fixed assets | 21/28 | €8,396 | €2,993 | -€5,403 | -64.4% |
| Intangible fixed assets | 21 | €668 | €467 | -€201 | -30.1% |
| Tangible fixed assets | 22/27 | €6,928 | €1,726 | -€5,202 | -75.1% |
| Furniture and vehicles | 24 | €6,928 | €1,726 | -€5,202 | -75.1% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €12,042 | €10,408 | -€1,635 | -13.6% |
| Stocks and contracts in progress | 3 | €1,009 | €3,112 | +€2,103 | +209% |
| Stocks | 30/36 | €1,009 | €3,112 | +€2,103 | +209% |
| Amounts receivable within one year | 40/41 | €4 | €1,032 | +€1,028 | +25,694% |
| Trade receivables | 40 | €4 | €1,032 | +€1,028 | +25,694% |
| Cash at bank and in hand | 54/58 | €10,492 | €6,089 | -€4,403 | -42.0% |
| Deferred charges and accrued income | 490/1 | €538 | €175 | -€363 | -67.4% |
| Total equity and liabilities | 10/49 | €21,112 | €13,851 | -€7,260 | -34.4% |
| Equity | 10/15 | €6,037 | €4,483 | -€1,554 | -25.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,037 | -€517 | -€1,554 | |
| Amounts payable | 17/49 | €15,075 | €9,369 | -€5,706 | -37.9% |
| Amounts payable after more than one year | 17 | €4,732 | €1,832 | -€2,900 | -61.3% |
| Financial debts | 170/4 | €4,732 | €1,832 | -€2,900 | -61.3% |
| Amounts payable within one year | 42/48 | €10,343 | €7,537 | -€2,806 | -27.1% |
| Current portion of amounts payable after more than one year | 42 | €3,884 | €2,900 | -€984 | -25.3% |
| Trade debts | 44 | €1,757 | €456 | -€1,301 | -74.1% |
| Suppliers | 440/4 | €1,757 | €456 | -€1,301 | -74.1% |
| Taxes, remuneration and social security | 45 | €3,444 | €2,988 | -€457 | -13.3% |
| Taxes | 450/3 | €3,444 | €2,988 | -€457 | -13.3% |
| Other amounts payable | 47/48 | €1,257 | €1,193 | -€64 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,626 | €5,626 | = | 0.0% |
| Other operating charges | 640/8 | €567 | €587 | +€21 | +3.7% |
| Gross operating margin | 9900 | €6,481 | €5,900 | -€581 | -9.0% |
| Operating profit (loss) | 9901 | €288 | -€313 | -€602 | |
| Financial income | 75/76B | €38 | - | -€38 | |
| Recurring financial income | 75 | €38 | - | -€38 | |
| Financial charges | 65/66B | €1,103 | €712 | -€391 | -35.4% |
| Recurring financial charges | 65 | €1,103 | €712 | -€391 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | -€776 | -€1,026 | -€249 | -32.1% |
| Income taxes | 67/77 | €667 | €528 | -€139 | -20.8% |
| Profit (loss) for the period | 9904 | -€1,444 | -€1,554 | -€111 | -7.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,444 | -€1,554 | -€111 | -7.7% |
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 14 October 2026 via checked.be.