ORIGAMY: 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.
ORIGAMY
Largest movements
- Receivables within one year +€40,292
up €40,292 (+120.5%), from €33,444 to €73,737
of which Trade receivables: +€43,757
- Cash +€37,973
up €37,973 (+301.5%), from €12,595 to €50,568
mainly Trade debts (+€57,500) and Tax, wage and social debts (+€43,892)
- Stocks and contracts +€31,462
up €31,462 (+230.4%), from €13,657 to €45,119
- Tangible fixed assets -€5,639
down €5,639 (-39.4%), from €14,318 to €8,678
- Trade debts +€57,500
up €57,500 (+226.6%), from €25,371 to €82,871
- Tax, wage and social debts +€43,892
up €43,892 (+537.1%), from €8,172 to €52,064
of which Taxes: +€34,633
- Profit (loss) carried forward -€29,688
no longer reported in 2025 (was €29,688)
- Reserves +€24,360
new in 2025: €24,360
- Other debts +€10,128
up €10,128 (+189.0%), from €5,358 to €15,486
- Gross operating margin +€66,355
up €66,355 (+107.9%), from €61,490 to €127,845
- Taxes +€40,782
new in 2025: €40,782
- Staff costs +€32,532
up €32,532 (+68.0%), from €47,853 to €80,385
- Other operating charges +€4,396
up €4,396 (+207.3%), from €2,121 to €6,517
- Financial income +€1,951
up €1,951 (+3195.4%), from €61 to €2,012
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 | €79,667 | €184,657 | +€104,990 | +131.8% |
| Fixed assets | 21/28 | €19,958 | €14,681 | -€5,276 | -26.4% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €14,318 | €8,678 | -€5,639 | -39.4% |
| Plant, machinery and equipment | 23 | €1,487 | €654 | -€833 | -56.0% |
| Furniture and vehicles | 24 | €2,874 | €1,344 | -€1,530 | -53.2% |
| Leasing and similar rights | 25 | €4,708 | €2,145 | -€2,563 | -54.4% |
| Other tangible fixed assets | 26 | €5,249 | €4,535 | -€714 | -13.6% |
| Financial fixed assets | 28 | €5,640 | €6,003 | +€363 | +6.4% |
| Current assets | 29/58 | €59,710 | €169,976 | +€110,266 | +184.7% |
| Stocks and contracts in progress | 3 | €13,657 | €45,119 | +€31,462 | +230.4% |
| Stocks | 30/36 | €13,657 | €45,119 | +€31,462 | +230.4% |
| Amounts receivable within one year | 40/41 | €33,444 | €73,737 | +€40,292 | +120.5% |
| Trade receivables | 40 | €17,466 | €61,223 | +€43,757 | +250.5% |
| Other amounts receivable | 41 | €15,978 | €12,514 | -€3,464 | -21.7% |
| Cash at bank and in hand | 54/58 | €12,595 | €50,568 | +€37,973 | +301.5% |
| Deferred charges and accrued income | 490/1 | €13 | €552 | +€539 | +4268.8% |
| Total equity and liabilities | 10/49 | €79,667 | €184,657 | +€104,990 | +131.8% |
| Equity | 10/15 | €35,888 | €30,560 | -€5,329 | -14.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | - | €24,360 | +€24,360 | |
| Distributable reserves | 133 | - | €24,360 | +€24,360 | |
| Profit (loss) carried forward | 14 | €29,688 | - | -€29,688 | |
| Amounts payable | 17/49 | €43,779 | €154,097 | +€110,318 | +252.0% |
| Amounts payable after more than one year | 17 | €2,256 | - | -€2,256 | |
| Financial debts | 170/4 | €2,256 | - | -€2,256 | |
| Amounts payable within one year | 42/48 | €41,523 | €152,677 | +€111,155 | +267.7% |
| Current portion of amounts payable after more than one year | 42 | €2,621 | €2,256 | -€365 | -13.9% |
| Trade debts | 44 | €25,371 | €82,871 | +€57,500 | +226.6% |
| Suppliers | 440/4 | €25,371 | €82,871 | +€57,500 | +226.6% |
| Taxes, remuneration and social security | 45 | €8,172 | €52,064 | +€43,892 | +537.1% |
| Taxes | 450/3 | - | €34,633 | +€34,633 | |
| Remuneration and social security | 454/9 | €8,172 | €17,431 | +€9,259 | +113.3% |
| Other amounts payable | 47/48 | €5,358 | €15,486 | +€10,128 | +189.0% |
| Accrued charges and deferred income | 492/3 | - | €1,420 | +€1,420 | |
| Remuneration, social security and pensions | 62 | €47,853 | €80,385 | +€32,532 | +68.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,219 | €5,639 | +€421 | +8.1% |
| Other operating charges | 640/8 | €2,121 | €6,517 | +€4,396 | +207.3% |
| Gross operating margin | 9900 | €61,490 | €127,845 | +€66,355 | +107.9% |
| Operating profit (loss) | 9901 | €6,298 | €35,304 | +€29,006 | +460.6% |
| Financial income | 75/76B | €61 | €2,012 | +€1,951 | +3195.4% |
| Recurring financial income | 75 | €61 | €2,012 | +€1,951 | +3195.4% |
| Financial charges | 65/66B | €3,472 | €1,863 | -€1,609 | -46.3% |
| Recurring financial charges | 65 | €3,472 | €1,276 | -€2,196 | -63.2% |
| Non-recurring financial charges | 66B | - | €587 | +€587 | |
| Profit (loss) for the period before taxes | 9903 | €2,887 | €35,454 | +€32,566 | +1128.0% |
| Income taxes | 67/77 | - | €40,782 | +€40,782 | |
| Profit (loss) for the period | 9904 | €2,887 | -€5,329 | -€8,216 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,887 | -€5,329 | -€8,216 |
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 10 October 2026 via checked.be.