ORION NV: 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 NV
Largest movements
- Receivables within one year +€113,692
up €113,692 (+114%), from €99,883 to €213,575
of which Other amounts receivable: +€113,702
- Tangible fixed assets +€95,221
up €95,221 (+70.7%), from €134,707 to €229,928
of which Other tangible fixed assets: +€115,293
- Cash +€17,562
up €17,562 (+20.3%), from €86,411 to €103,973
mainly Debts after one year (+€156,387) and Net result for the year (+€59,364)
- Debts after one year +€156,387
up €156,387 (+359%), from €43,613 to €200,000
- Reserves +€59,364
up €59,364 (+46.7%), from €127,201 to €186,565
of which Distributable reserves: +€59,364
- Trade debts +€14,936
up €14,936 (+39.9%), from €37,400 to €52,336
- Gross operating margin +€13,945
up €13,945 (+3.2%), from €436,164 to €450,109
- Taxes -€8,281
down €8,281 (-37.6%), from €22,036 to €13,755
- Depreciation +€5,348
up €5,348 (+11.8%), from €45,226 to €50,574
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 | €323,375 | €552,312 | +€228,937 | +70.8% |
| Fixed assets | 21/28 | €134,708 | €229,929 | +€95,221 | +70.7% |
| Tangible fixed assets | 22/27 | €134,707 | €229,928 | +€95,221 | +70.7% |
| Plant, machinery and equipment | 23 | €47,620 | €34,813 | -€12,806 | -26.9% |
| Furniture and vehicles | 24 | €10,728 | €3,463 | -€7,265 | -67.7% |
| Other tangible fixed assets | 26 | €76,359 | €191,652 | +€115,293 | +151% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €188,667 | €322,383 | +€133,716 | +70.9% |
| Amounts receivable within one year | 40/41 | €99,883 | €213,575 | +€113,692 | +114% |
| Trade receivables | 40 | €50 | €40 | -€10 | -20.0% |
| Other amounts receivable | 41 | €99,833 | €213,535 | +€113,702 | +114% |
| Cash at bank and in hand | 54/58 | €86,411 | €103,973 | +€17,562 | +20.3% |
| Deferred charges and accrued income | 490/1 | €2,372 | €4,835 | +€2,463 | +104% |
| Total equity and liabilities | 10/49 | €323,375 | €552,312 | +€228,937 | +70.8% |
| Equity | 10/15 | €190,137 | €249,565 | +€59,428 | +31.3% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €127,201 | €186,565 | +€59,364 | +46.7% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Distributable reserves | 133 | €120,901 | €180,265 | +€59,364 | +49.1% |
| Profit (loss) carried forward | 14 | -€64 | - | +€64 | |
| Amounts payable | 17/49 | €133,238 | €302,748 | +€169,510 | +127% |
| Amounts payable after more than one year | 17 | €43,613 | €200,000 | +€156,387 | +359% |
| Financial debts | 170/4 | €43,613 | €200,000 | +€156,387 | +359% |
| Amounts payable within one year | 42/48 | €89,626 | €102,748 | +€13,122 | +14.6% |
| Trade debts | 44 | €37,400 | €52,336 | +€14,936 | +39.9% |
| Suppliers | 440/4 | €37,400 | €52,336 | +€14,936 | +39.9% |
| Advances received on contracts in progress | 46 | €532 | €0 | -€532 | -100% |
| Taxes, remuneration and social security | 45 | €51,694 | €50,412 | -€1,282 | -2.5% |
| Taxes | 450/3 | €14,081 | €7,523 | -€6,558 | -46.6% |
| Remuneration and social security | 454/9 | €37,613 | €42,889 | +€5,276 | +14.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €269,081 | €273,176 | +€4,095 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,226 | €50,574 | +€5,348 | +11.8% |
| Other operating charges | 640/8 | €38,497 | €41,879 | +€3,382 | +8.8% |
| Gross operating margin | 9900 | €436,164 | €450,109 | +€13,945 | +3.2% |
| Operating profit (loss) | 9901 | €83,359 | €84,479 | +€1,120 | +1.3% |
| Financial income | 75/76B | €17 | €40 | +€23 | +138% |
| Recurring financial income | 75 | €17 | €40 | +€23 | +138% |
| Financial charges | 65/66B | €6,933 | €11,401 | +€4,468 | +64.4% |
| Recurring financial charges | 65 | €6,933 | €11,401 | +€4,468 | +64.4% |
| Profit (loss) for the period before taxes | 9903 | €76,443 | €73,119 | -€3,325 | -4.3% |
| Income taxes | 67/77 | €22,036 | €13,755 | -€8,281 | -37.6% |
| Profit (loss) for the period | 9904 | €54,407 | €59,364 | +€4,956 | +9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €54,407 | €59,364 | +€4,956 | +9.1% |
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.