ORION ADVICE: 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.
ORION ADVICE
Largest movements
- Receivables within one year +€105,424
up €105,424 (+107%), from €98,747 to €204,171
- Cash -€37,334
down €37,334 (-45.2%), from €82,612 to €45,278
mainly Contributions, distributions and other (-€300,000) and Receivables within one year (-€105,424)
- Tangible fixed assets -€28,384
down €28,384 (-30.9%), from €91,751 to €63,367
of which Furniture and vehicles: -€24,129
- Other debts +€59,028
up €59,028 (+29.3%), from €201,190 to €260,218
- Reserves -€19,864
down €19,864 (-71.8%), from €27,680 to €7,816
- Gross operating margin +€150,970
up €150,970 (+60.8%), from €248,227 to €399,197
- Taxes +€35,085
up €35,085 (+65.4%), from €53,654 to €88,739
- Depreciation +€6,667
up €6,667 (+29.0%), from €22,967 to €29,633
- Financial income -€4,628
down €4,628 (-86.8%), from €5,330 to €702
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 | €276,548 | €316,455 | +€39,907 | +14.4% |
| Fixed assets | 21/28 | €91,751 | €63,367 | -€28,384 | -30.9% |
| Tangible fixed assets | 22/27 | €91,751 | €63,367 | -€28,384 | -30.9% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €76,692 | €52,563 | -€24,129 | -31.5% |
| Other tangible fixed assets | 26 | €15,059 | €10,804 | -€4,255 | -28.3% |
| Current assets | 29/58 | €184,797 | €253,088 | +€68,291 | +37.0% |
| Amounts receivable within one year | 40/41 | €98,747 | €204,171 | +€105,424 | +107% |
| Trade receivables | 40 | €98,747 | €204,171 | +€105,424 | +107% |
| Cash at bank and in hand | 54/58 | €82,612 | €45,278 | -€37,334 | -45.2% |
| Deferred charges and accrued income | 490/1 | €3,438 | €3,639 | +€201 | +5.8% |
| Total equity and liabilities | 10/49 | €276,548 | €316,455 | +€39,907 | +14.4% |
| Equity | 10/15 | €46,280 | €26,416 | -€19,864 | -42.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €27,680 | €7,816 | -€19,864 | -71.8% |
| Distributable reserves | 133 | €27,680 | €7,816 | -€19,864 | -71.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €230,268 | €290,039 | +€59,771 | +26.0% |
| Amounts payable within one year | 42/48 | €229,819 | €290,039 | +€60,219 | +26.2% |
| Trade debts | 44 | €2,596 | €2,250 | -€346 | -13.3% |
| Suppliers | 440/4 | €2,596 | €2,250 | -€346 | -13.3% |
| Taxes, remuneration and social security | 45 | €26,034 | €27,571 | +€1,537 | +5.9% |
| Taxes | 450/3 | €26,034 | €27,571 | +€1,537 | +5.9% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €201,190 | €260,218 | +€59,028 | +29.3% |
| Accrued charges and deferred income | 492/3 | €448 | €0 | -€448 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,967 | €29,633 | +€6,667 | +29.0% |
| Other operating charges | 640/8 | €920 | €932 | +€13 | +1.4% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €248,227 | €399,197 | +€150,970 | +60.8% |
| Operating profit (loss) | 9901 | €224,341 | €368,632 | +€144,291 | +64.3% |
| Financial income | 75/76B | €5,330 | €702 | -€4,628 | -86.8% |
| Recurring financial income | 75 | €5,330 | €702 | -€4,628 | -86.8% |
| Financial charges | 65/66B | €248 | €458 | +€210 | +84.8% |
| Recurring financial charges | 65 | €248 | €458 | +€210 | +84.8% |
| Profit (loss) for the period before taxes | 9903 | €229,422 | €368,875 | +€139,452 | +60.8% |
| Income taxes | 67/77 | €53,654 | €88,739 | +€35,085 | +65.4% |
| Profit (loss) for the period | 9904 | €175,768 | €280,136 | +€104,368 | +59.4% |
| Profit (loss) for the period to be appropriated | 9905 | €175,768 | €280,136 | +€104,368 | +59.4% |
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 21 October 2026 via checked.be.