ORION - MARKE: 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 - MARKE
Largest movements
- Financial fixed assets +€300,000
up €300,000 (+8.1%), from €3.7m to €4.0m
- Other debts +€372,952
up €372,952 (+16.8%), from €2.2m to €2.6m
- Reserves -€78,612
down €78,612 (-7.1%), from €1.1m to €1.0m
of which Distributable reserves: -€78,612
- Financial charges -€21,985
down €21,985 (-28.4%), from €77,451 to €55,466
of which Non-recurring financial charges: -€35,126
- Gross operating margin +€12,379
up €12,379, from -€10,930 to €1,449
- Depreciation +€1,164
up €1,164 (+6.6%), from €17,581 to €18,745
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 | €4,433,683 | €4,728,070 | +€294,387 | +6.6% |
| Fixed assets | 21/28 | €4,389,173 | €4,676,073 | +€286,900 | +6.5% |
| Tangible fixed assets | 22/27 | €662,602 | €649,502 | -€13,100 | -2.0% |
| Land and buildings | 22 | €662,602 | €649,502 | -€13,100 | -2.0% |
| Financial fixed assets | 28 | €3,726,571 | €4,026,571 | +€300,000 | +8.1% |
| Current assets | 29/58 | €44,511 | €51,998 | +€7,487 | +16.8% |
| Amounts receivable within one year | 40/41 | €39,601 | €32,428 | -€7,173 | -18.1% |
| Trade receivables | 40 | €9,766 | €9,219 | -€546 | -5.6% |
| Other amounts receivable | 41 | €29,836 | €23,209 | -€6,627 | -22.2% |
| Cash at bank and in hand | 54/58 | €4,279 | €18,880 | +€14,600 | +341% |
| Deferred charges and accrued income | 490/1 | €630 | €690 | +€60 | +9.5% |
| Total equity and liabilities | 10/49 | €4,433,683 | €4,728,070 | +€294,387 | +6.6% |
| Equity | 10/15 | €2,206,950 | €2,128,338 | -€78,612 | -3.6% |
| Contributions | 10/11 | €1,105,000 | €1,105,000 | = | 0.0% |
| Capital | 10 | €1,105,000 | €1,105,000 | = | 0.0% |
| Issued capital | 100 | €1,105,000 | €1,105,000 | = | 0.0% |
| Reserves | 13 | €1,101,950 | €1,023,338 | -€78,612 | -7.1% |
| Non-distributable reserves | 130/1 | €49,532 | €49,532 | = | 0.0% |
| Legal reserve | 130 | €49,532 | €49,532 | = | 0.0% |
| Distributable reserves | 133 | €1,052,418 | €973,806 | -€78,612 | -7.5% |
| Amounts payable | 17/49 | €2,226,734 | €2,599,732 | +€372,999 | +16.8% |
| Amounts payable within one year | 42/48 | €2,226,734 | €2,599,732 | +€372,999 | +16.8% |
| Trade debts | 44 | €3,536 | €3,381 | -€155 | -4.4% |
| Suppliers | 440/4 | €3,536 | €3,381 | -€155 | -4.4% |
| Taxes, remuneration and social security | 45 | €1,030 | €1,233 | +€202 | +19.7% |
| Taxes | 450/3 | €1,030 | €1,233 | +€202 | +19.7% |
| Other amounts payable | 47/48 | €2,222,167 | €2,595,119 | +€372,952 | +16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,581 | €18,745 | +€1,164 | +6.6% |
| Other operating charges | 640/8 | €5,950 | €5,850 | -€100 | -1.7% |
| Gross operating margin | 9900 | -€10,930 | €1,449 | +€12,379 | |
| Operating profit (loss) | 9901 | -€34,461 | -€23,145 | +€11,315 | +32.8% |
| Financial income | 75/76B | €0 | €0 | -€0 | -60.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -60.0% |
| Financial charges | 65/66B | €77,451 | €55,466 | -€21,985 | -28.4% |
| Recurring financial charges | 65 | €35,043 | €48,184 | +€13,141 | +37.5% |
| Non-recurring financial charges | 66B | €42,409 | €7,283 | -€35,126 | -82.8% |
| Profit (loss) for the period before taxes | 9903 | -€111,912 | -€78,612 | +€33,300 | +29.8% |
| Profit (loss) for the period | 9904 | -€111,912 | -€78,612 | +€33,300 | +29.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€111,912 | -€78,612 | +€33,300 | +29.8% |
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 19 October 2026 via checked.be.