ORION DYNAMIC: 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 DYNAMIC
Largest movements
- Receivables after one year -€340,000
down €340,000 (-62.4%), from €544,585 to €204,585
- Cash +€270,212
up €270,212 (+71.4%), from €378,204 to €648,416
mainly Depreciation (+€553,169) and Net result for the year (+€479,597)
- Receivables within one year +€170,798
up €170,798 (+27.8%), from €614,343 to €785,140
of which Trade receivables: +€112,736
- Current portion of long-term debt -€142,182
down €142,182 (-28.5%), from €499,490 to €357,308
- Debts after one year +€97,462
up €97,462 (+11.9%), from €820,273 to €917,735
- Reserves +€79,300
up €79,300 (+7.8%), from €1.0m to €1.1m
of which Distributable reserves: +€79,300
- Trade debts +€50,980
up €50,980 (+32.7%), from €156,043 to €207,023
- Other debts +€40,000
up €40,000 (+11.1%), from €360,000 to €400,000
- Staff costs -€100,765
down €100,765 (-16.0%), from €627,880 to €527,115
- Gross operating margin +€88,730
up €88,730 (+5.3%), from €1.7m to €1.8m
- Depreciation +€37,962
up €37,962 (+7.4%), from €515,207 to €553,169
- Taxes +€28,845
up €28,845 (+24.2%), from €119,336 to €148,181
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 | €2,949,356 | €3,051,798 | +€102,441 | +3.5% |
| Fixed assets | 21/28 | €1,381,387 | €1,403,191 | +€21,804 | +1.6% |
| Tangible fixed assets | 22/27 | €1,378,027 | €1,403,191 | +€25,164 | +1.8% |
| Plant, machinery and equipment | 23 | €360,833 | €285,844 | -€74,989 | -20.8% |
| Furniture and vehicles | 24 | €78,820 | €70,725 | -€8,095 | -10.3% |
| Leasing and similar rights | 25 | €845,073 | €964,905 | +€119,832 | +14.2% |
| Other tangible fixed assets | 26 | €93,300 | €81,716 | -€11,584 | -12.4% |
| Financial fixed assets | 28 | €3,360 | €0 | -€3,360 | -100.0% |
| Current assets | 29/58 | €1,567,969 | €1,648,607 | +€80,637 | +5.1% |
| Amounts receivable after more than one year | 29 | €544,585 | €204,585 | -€340,000 | -62.4% |
| Other amounts receivable | 291 | €544,585 | €204,585 | -€340,000 | -62.4% |
| Amounts receivable within one year | 40/41 | €614,343 | €785,140 | +€170,798 | +27.8% |
| Trade receivables | 40 | €614,343 | €727,079 | +€112,736 | +18.4% |
| Other amounts receivable | 41 | €0 | €58,062 | +€58,062 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €378,204 | €648,416 | +€270,212 | +71.4% |
| Deferred charges and accrued income | 490/1 | €30,837 | €10,465 | -€20,372 | -66.1% |
| Total equity and liabilities | 10/49 | €2,949,356 | €3,051,798 | +€102,441 | +3.5% |
| Equity | 10/15 | €1,041,400 | €1,120,997 | +€79,597 | +7.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,022,450 | €1,101,750 | +€79,300 | +7.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,003,700 | €1,083,000 | +€79,300 | +7.9% |
| Profit (loss) carried forward | 14 | €400 | €697 | +€297 | +74.4% |
| Amounts payable | 17/49 | €1,907,957 | €1,930,801 | +€22,844 | +1.2% |
| Amounts payable after more than one year | 17 | €820,273 | €917,735 | +€97,462 | +11.9% |
| Financial debts | 170/4 | €820,273 | €917,735 | +€97,462 | +11.9% |
| Amounts payable within one year | 42/48 | €1,087,684 | €1,013,066 | -€74,618 | -6.9% |
| Current portion of amounts payable after more than one year | 42 | €499,490 | €357,308 | -€142,182 | -28.5% |
| Trade debts | 44 | €156,043 | €207,023 | +€50,980 | +32.7% |
| Suppliers | 440/4 | €156,043 | €207,023 | +€50,980 | +32.7% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €72,151 | €48,735 | -€23,416 | -32.5% |
| Taxes | 450/3 | €20,617 | €12,692 | -€7,925 | -38.4% |
| Remuneration and social security | 454/9 | €51,534 | €36,042 | -€15,491 | -30.1% |
| Other amounts payable | 47/48 | €360,000 | €400,000 | +€40,000 | +11.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €627,880 | €527,115 | -€100,765 | -16.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €515,207 | €553,169 | +€37,962 | +7.4% |
| Other operating charges | 640/8 | €10,750 | €20,642 | +€9,892 | +92.0% |
| Gross operating margin | 9900 | €1,685,538 | €1,774,269 | +€88,730 | +5.3% |
| Operating profit (loss) | 9901 | €531,702 | €673,343 | +€141,641 | +26.6% |
| Financial income | 75/76B | €1,819 | €282 | -€1,537 | -84.5% |
| Recurring financial income | 75 | €1,819 | €282 | -€1,537 | -84.5% |
| Financial charges | 65/66B | €43,588 | €45,847 | +€2,258 | +5.2% |
| Recurring financial charges | 65 | €43,588 | €45,847 | +€2,258 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | €489,933 | €627,778 | +€137,845 | +28.1% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €119,336 | €148,181 | +€28,845 | +24.2% |
| Profit (loss) for the period | 9904 | €370,597 | €479,597 | +€109,001 | +29.4% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €370,597 | €479,597 | +€109,001 | +29.4% |
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 9 October 2026 via checked.be.