ORINE: what changed
Two fiscal 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.
ORINE
Largest movements
- Cash +€39,833
up €39,833 (+11.1%), from €358,649 to €398,483
mainly Net result for the year (+€64,707) and Other debts (+€60,862)
- Tangible fixed assets -€16,762
down €16,762 (-26.1%), from €64,322 to €47,560
of which Furniture and vehicles: -€16,478
- Deferred charges and accrued income -€7,125
down €7,125 (-7.7%), from €91,985 to €84,860
- Receivables within one year +€6,620
up €6,620 (+52.6%), from €12,578 to €19,198
of which Other amounts receivable: +€4,278
- Other debts +€60,862
up €60,862 (+122.5%), from €49,667 to €110,528
- Reserves -€40,556
down €40,556 (-8.6%), from €470,728 to €430,173
- Gross operating margin -€21,812
down €21,812 (-16.3%), from €133,680 to €111,867
- Taxes -€5,953
down €5,953 (-15.5%), from €38,302 to €32,349
- Financial income +€2,489
up €2,489 (+84.9%), from €2,933 to €5,422
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 | €527,534 | €550,101 | +€22,567 | +4.3% |
| Fixed assets | 21/28 | €64,322 | €47,560 | -€16,762 | -26.1% |
| Tangible fixed assets | 22/27 | €64,322 | €47,560 | -€16,762 | -26.1% |
| Plant, machinery and equipment | 23 | €6,210 | €5,926 | -€283 | -4.6% |
| Furniture and vehicles | 24 | €58,112 | €41,634 | -€16,478 | -28.4% |
| Current assets | 29/58 | €463,212 | €502,541 | +€39,329 | +8.5% |
| Amounts receivable within one year | 40/41 | €12,578 | €19,198 | +€6,620 | +52.6% |
| Trade receivables | 40 | - | €2,342 | +€2,342 | |
| Other amounts receivable | 41 | €12,578 | €16,856 | +€4,278 | +34.0% |
| Cash at bank and in hand | 54/58 | €358,649 | €398,483 | +€39,833 | +11.1% |
| Deferred charges and accrued income | 490/1 | €91,985 | €84,860 | -€7,125 | -7.7% |
| Total equity and liabilities | 10/49 | €527,534 | €550,101 | +€22,567 | +4.3% |
| Equity | 10/15 | €476,937 | €436,381 | -€40,556 | -8.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €470,728 | €430,173 | -€40,556 | -8.6% |
| Distributable reserves | 133 | €470,728 | €430,173 | -€40,556 | -8.6% |
| Profit (loss) carried forward | 14 | €8 | €8 | = | 0.0% |
| Amounts payable | 17/49 | €50,597 | €113,720 | +€63,123 | +124.8% |
| Amounts payable within one year | 42/48 | €50,597 | €113,720 | +€63,123 | +124.8% |
| Trade debts | 44 | €930 | €3,192 | +€2,261 | +243.1% |
| Suppliers | 440/4 | €930 | €3,192 | +€2,261 | +243.1% |
| Other amounts payable | 47/48 | €49,667 | €110,528 | +€60,862 | +122.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,409 | €19,218 | +€809 | +4.4% |
| Other operating charges | 640/8 | €1,088 | €870 | -€218 | -20.0% |
| Gross operating margin | 9900 | €133,680 | €111,867 | -€21,812 | -16.3% |
| Operating profit (loss) | 9901 | €114,183 | €91,779 | -€22,403 | -19.6% |
| Financial income | 75/76B | €2,933 | €5,422 | +€2,489 | +84.9% |
| Recurring financial income | 75 | €2,933 | €5,422 | +€2,489 | +84.9% |
| Financial charges | 65/66B | €1,472 | €146 | -€1,326 | -90.1% |
| Recurring financial charges | 65 | €106 | €146 | +€40 | +37.5% |
| Non-recurring financial charges | 66B | €1,366 | - | -€1,366 | |
| Profit (loss) for the period before taxes | 9903 | €115,644 | €97,056 | -€18,588 | -16.1% |
| Income taxes | 67/77 | €38,302 | €32,349 | -€5,953 | -15.5% |
| Profit (loss) for the period | 9904 | €77,342 | €64,707 | -€12,635 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €77,342 | €64,707 | -€12,635 | -16.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.