ORIGO: 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.
What changed
ORIGO
NACE 68.201, Renting and operating of own or leased residential real estate, excluding social housing
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€29,261
2024 · €54,746-€25,484
Equity
€19.8m
2024 · €19.8m+€29,261
Cash
€622,220
2024 · €596,457+€25,763
Balance sheet total
€20.4m
2024 · €20.2m+€165,583
Largest movements
Assets
- Financial fixed assets -€988,762
down €988,762 (-23.0%), from €4.3m to €3.3m
- Current investments +€850,000
up €850,000 (+170%), from €500,000 to €1.4m
- Tangible fixed assets +€299,765
up €299,765 (+2.2%), from €13.3m to €13.6m
of which Assets under construction and advance payments: +€313,530
Equity and liabilities
- Trade debts +€328,895
up €328,895 (+1,071%), from €30,696 to €359,590
Income statement
- Financial income +€46,283
up €46,283 (+27.2%), from €170,458 to €216,741
- Depreciation +€41,212
up €41,212 (+4.7%), from €869,820 to €911,032
- Staff costs +€41,025
up €41,025 (+31.3%), from €131,071 to €172,096
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.
Result 2024
€54,746
Gross operating margin
-€1,063
Staff costs
-€41,025
Depreciation
-€41,212
Other operating charges
+€1,413
Financial income
+€46,283
Financial charges
+€3,116
Taxes
+€7,004
Result 2025
€29,261
raises the resultlowers the result
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.
From operations
+€1.2m
Investment
-€1.1m
Financing
-€110,620
Cash 2024
€596,457
From operations (derived)
+€1.2m
Net result for the year
+€29,261
Depreciation
+€911,032
Receivables within one year
-€26,130
Deferred charges and accrued income
+€47,313
Trade debts
+€328,895
Tax, wage and social debts
+€35,880
Other debts
-€120,418
Accrued charges and deferred income
+€2,584
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€222,035
Current investments
-€850,000
Financing
-€110,620
Current portion of long-term debt
-€110,620
Cash 2025
€622,220
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €20,184,877 | €20,350,460 | +€165,583 | +0.8% |
| Fixed assets | 21/28 | €17,631,241 | €16,942,243 | -€688,997 | -3.9% |
| Tangible fixed assets | 22/27 | €13,341,558 | €13,641,323 | +€299,765 | +2.2% |
| Land and buildings | 22 | €13,332,515 | €13,263,247 | -€69,268 | -0.5% |
| Plant, machinery and equipment | 23 | €9,044 | €7,474 | -€1,570 | -17.4% |
| Furniture and vehicles | 24 | - | €57,073 | +€57,073 | |
| Assets under construction and advance payments | 27 | - | €313,530 | +€313,530 | |
| Financial fixed assets | 28 | €4,289,683 | €3,300,920 | -€988,762 | -23.0% |
| Current assets | 29/58 | €2,553,637 | €3,408,217 | +€854,580 | +33.5% |
| Amounts receivable within one year | 40/41 | €1,408,207 | €1,434,337 | +€26,130 | +1.9% |
| Trade receivables | 40 | €119,415 | €258,167 | +€138,752 | +116% |
| Other amounts receivable | 41 | €1,288,792 | €1,176,170 | -€112,622 | -8.7% |
| Current investments | 50/53 | €500,000 | €1,350,000 | +€850,000 | +170% |
| Cash at bank and in hand | 54/58 | €596,457 | €622,220 | +€25,763 | +4.3% |
| Deferred charges and accrued income | 490/1 | €48,973 | €1,660 | -€47,313 | -96.6% |
| Total equity and liabilities | 10/49 | €20,184,877 | €20,350,460 | +€165,583 | +0.8% |
| Equity | 10/15 | €19,819,270 | €19,848,532 | +€29,261 | +0.1% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €18,819,270 | €18,848,532 | +€29,261 | +0.2% |
| Non-distributable reserves | 130/1 | €100,000 | €100,000 | = | 0.0% |
| Legal reserve | 130 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €18,719,270 | €18,748,532 | +€29,261 | +0.2% |
| Amounts payable | 17/49 | €365,607 | €501,928 | +€136,322 | +37.3% |
| Amounts payable within one year | 42/48 | €295,682 | €429,419 | +€133,737 | +45.2% |
| Current portion of amounts payable after more than one year | 42 | €110,620 | - | -€110,620 | |
| Trade debts | 44 | €30,696 | €359,590 | +€328,895 | +1,071% |
| Suppliers | 440/4 | €30,696 | €359,590 | +€328,895 | +1,071% |
| Taxes, remuneration and social security | 45 | €33,949 | €69,829 | +€35,880 | +106% |
| Taxes | 450/3 | €21,345 | €52,413 | +€31,068 | +146% |
| Remuneration and social security | 454/9 | €12,604 | €17,416 | +€4,812 | +38.2% |
| Other amounts payable | 47/48 | €120,418 | - | -€120,418 | |
| Accrued charges and deferred income | 492/3 | €69,925 | €72,509 | +€2,584 | +3.7% |
| Remuneration, social security and pensions | 62 | €131,071 | €172,096 | +€41,025 | +31.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €869,820 | €911,032 | +€41,212 | +4.7% |
| Other operating charges | 640/8 | €22,281 | €20,868 | -€1,413 | -6.3% |
| Gross operating margin | 9900 | €933,682 | €932,619 | -€1,063 | -0.1% |
| Operating profit (loss) | 9901 | -€89,490 | -€171,377 | -€81,887 | -91.5% |
| Financial income | 75/76B | €170,458 | €216,741 | +€46,283 | +27.2% |
| Recurring financial income | 75 | €170,458 | €216,741 | +€46,283 | +27.2% |
| Financial charges | 65/66B | €5,880 | €2,764 | -€3,116 | -53.0% |
| Recurring financial charges | 65 | €5,880 | €2,764 | -€3,116 | -53.0% |
| Profit (loss) for the period before taxes | 9903 | €75,087 | €42,599 | -€32,488 | -43.3% |
| Income taxes | 67/77 | €20,342 | €13,338 | -€7,004 | -34.4% |
| Profit (loss) for the period | 9904 | €54,746 | €29,261 | -€25,484 | -46.6% |
| Profit (loss) for the period to be appropriated | 9905 | €54,746 | €29,261 | -€25,484 | -46.6% |
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 16 October 2026 via checked.be.