ORINEO: 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.
ORINEO
Largest movements
- Receivables within one year +€208,026
up €208,026 (+145%), from €143,879 to €351,905
of which Other amounts receivable: +€203,503
- Cash -€40,749
down €40,749 (-60.9%), from €66,881 to €26,132
mainly Receivables within one year (-€208,026) and Net result for the year (-€68,370)
- Intangible fixed assets -€30,570
down €30,570 (-70.0%), from €43,646 to €13,077
- Other debts +€126,742
up €126,742 (+116%), from €108,971 to €235,713
- Trade debts +€79,810
up €79,810 (+2,631%), from €3,033 to €82,843
- Reserves -€68,370
down €68,370 (-71.6%), from €95,436 to €27,066
of which Distributable reserves: -€68,370
- Gross operating margin -€88,768
down €88,768, from €54,464 to -€34,304
- Depreciation -€15,458
down €15,458 (-33.5%), from €46,145 to €30,687
- Financial charges +€4,205
up €4,205 (+1,672%), from €252 to €4,456
- Taxes -€3,206
down €3,206, from €1,007 to -€2,199
- Other operating charges +€1,121
up €1,121, from €0 to €1,121
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 | €256,948 | €394,122 | +€137,175 | +53.4% |
| Fixed assets | 21/28 | €43,764 | €13,077 | -€30,687 | -70.1% |
| Intangible fixed assets | 21 | €43,646 | €13,077 | -€30,570 | -70.0% |
| Tangible fixed assets | 22/27 | €117 | €0 | -€117 | -100% |
| Furniture and vehicles | 24 | €117 | €0 | -€117 | -100% |
| Current assets | 29/58 | €213,184 | €381,045 | +€167,862 | +78.7% |
| Amounts receivable within one year | 40/41 | €143,879 | €351,905 | +€208,026 | +145% |
| Trade receivables | 40 | €18,391 | €22,914 | +€4,523 | +24.6% |
| Other amounts receivable | 41 | €125,488 | €328,992 | +€203,503 | +162% |
| Cash at bank and in hand | 54/58 | €66,881 | €26,132 | -€40,749 | -60.9% |
| Deferred charges and accrued income | 490/1 | €2,424 | €3,008 | +€584 | +24.1% |
| Total equity and liabilities | 10/49 | €256,948 | €394,122 | +€137,175 | +53.4% |
| Equity | 10/15 | €115,436 | €47,066 | -€68,370 | -59.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €95,436 | €27,066 | -€68,370 | -71.6% |
| Non-distributable reserves | 130/1 | €139 | €139 | = | 0.0% |
| Reserves not available under the articles | 1311 | €139 | €139 | = | 0.0% |
| Distributable reserves | 133 | €95,297 | €26,927 | -€68,370 | -71.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €141,511 | €347,056 | +€205,545 | +145% |
| Amounts payable after more than one year | 17 | €28,500 | €28,500 | = | 0.0% |
| Financial debts | 170/4 | €28,500 | €28,500 | = | 0.0% |
| Amounts payable within one year | 42/48 | €113,011 | €318,556 | +€205,545 | +182% |
| Trade debts | 44 | €3,033 | €82,843 | +€79,810 | +2,631% |
| Suppliers | 440/4 | €3,033 | €82,843 | +€79,810 | +2,631% |
| Taxes, remuneration and social security | 45 | €1,007 | €0 | -€1,007 | -100% |
| Taxes | 450/3 | €1,007 | €0 | -€1,007 | -100% |
| Other amounts payable | 47/48 | €108,971 | €235,713 | +€126,742 | +116% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,145 | €30,687 | -€15,458 | -33.5% |
| Other operating charges | 640/8 | €0 | €1,121 | +€1,121 | |
| Gross operating margin | 9900 | €54,464 | -€34,304 | -€88,768 | |
| Operating profit (loss) | 9901 | €8,319 | -€66,112 | -€74,431 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -100% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100% |
| Financial charges | 65/66B | €252 | €4,456 | +€4,205 | +1,672% |
| Recurring financial charges | 65 | €252 | €4,456 | +€4,205 | +1,672% |
| Profit (loss) for the period before taxes | 9903 | €8,070 | -€70,569 | -€78,639 | |
| Income taxes | 67/77 | €1,007 | -€2,199 | -€3,206 | |
| Profit (loss) for the period | 9904 | €7,064 | -€68,370 | -€75,434 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,064 | -€68,370 | -€75,434 |
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 17 October 2026 via checked.be.