ORION: 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.
ORION
Largest movements
- Cash +€29,420
up €29,420 (+15.6%), from €188,380 to €217,800
mainly Net result for the year (+€30,944) and Other debts (+€13,896)
- Deferred charges and accrued income +€10,774
up €10,774 (+217.4%), from €4,957 to €15,731
- Receivables within one year +€6,610
up €6,610 (+18.2%), from €36,327 to €42,937
of which Trade receivables: +€6,626
- Reserves +€30,944
up €30,944 (+23.1%), from €133,881 to €164,825
- Other debts +€13,896
up €13,896 (+21.6%), from €64,367 to €78,263
- Tax, wage and social debts +€8,062
up €8,062 (+54.7%), from €14,746 to €22,808
of which Taxes: +€6,265
- Trade debts -€5,361
down €5,361 (-49.0%), from €10,936 to €5,575
- Gross operating margin +€10,089
up €10,089 (+25.7%), from €39,239 to €49,328
- Taxes +€1,116
up €1,116 (+11.2%), from €9,999 to €11,115
- Other operating charges -€829
down €829 (-43.4%), from €1,912 to €1,082
- Financial income -€779
down €779 (-75.2%), from €1,036 to €257
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 | €236,330 | €283,871 | +€47,541 | +20.1% |
| Fixed assets | 21/28 | €1,939 | €2,675 | +€736 | +37.9% |
| Tangible fixed assets | 22/27 | €1,939 | €2,675 | +€736 | +37.9% |
| Land and buildings | 22 | €936 | €0 | -€936 | -100.0% |
| Plant, machinery and equipment | 23 | - | €2,014 | +€2,014 | |
| Furniture and vehicles | 24 | €1,003 | €661 | -€342 | -34.1% |
| Current assets | 29/58 | €234,391 | €281,196 | +€46,805 | +20.0% |
| Amounts receivable within one year | 40/41 | €36,327 | €42,937 | +€6,610 | +18.2% |
| Trade receivables | 40 | €32,778 | €39,404 | +€6,626 | +20.2% |
| Other amounts receivable | 41 | €3,549 | €3,533 | -€16 | -0.5% |
| Current investments | 50/53 | €4,727 | €4,727 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €188,380 | €217,800 | +€29,420 | +15.6% |
| Deferred charges and accrued income | 490/1 | €4,957 | €15,731 | +€10,774 | +217.4% |
| Total equity and liabilities | 10/49 | €236,330 | €283,871 | +€47,541 | +20.1% |
| Equity | 10/15 | €146,281 | €177,225 | +€30,944 | +21.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €133,881 | €164,825 | +€30,944 | +23.1% |
| Distributable reserves | 133 | €133,881 | €164,825 | +€30,944 | +23.1% |
| Amounts payable | 17/49 | €90,049 | €106,646 | +€16,597 | +18.4% |
| Amounts payable within one year | 42/48 | €90,049 | €106,646 | +€16,597 | +18.4% |
| Trade debts | 44 | €10,936 | €5,575 | -€5,361 | -49.0% |
| Suppliers | 440/4 | €10,936 | €5,575 | -€5,361 | -49.0% |
| Taxes, remuneration and social security | 45 | €14,746 | €22,808 | +€8,062 | +54.7% |
| Taxes | 450/3 | €14,038 | €20,303 | +€6,265 | +44.6% |
| Remuneration and social security | 454/9 | €709 | €2,505 | +€1,796 | +253.5% |
| Other amounts payable | 47/48 | €64,367 | €78,263 | +€13,896 | +21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €959 | €1,430 | +€471 | +49.1% |
| Other operating charges | 640/8 | €1,912 | €1,082 | -€829 | -43.4% |
| Gross operating margin | 9900 | €39,239 | €49,328 | +€10,089 | +25.7% |
| Operating profit (loss) | 9901 | €36,368 | €46,815 | +€10,447 | +28.7% |
| Financial income | 75/76B | €1,036 | €257 | -€779 | -75.2% |
| Recurring financial income | 75 | €1,036 | €257 | -€779 | -75.2% |
| Financial charges | 65/66B | €4,968 | €5,013 | +€44 | +0.9% |
| Recurring financial charges | 65 | €4,968 | €5,013 | +€44 | +0.9% |
| Profit (loss) for the period before taxes | 9903 | €32,436 | €42,059 | +€9,624 | +29.7% |
| Income taxes | 67/77 | €9,999 | €11,115 | +€1,116 | +11.2% |
| Profit (loss) for the period | 9904 | €22,437 | €30,944 | +€8,507 | +37.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,437 | €30,944 | +€8,507 | +37.9% |
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 5 October 2026 via checked.be.