ORION PR: 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 PR
Largest movements
- Receivables within one year +€9.7m
up €9.7m (+276.1%), from €3.5m to €13.2m
of which Other amounts receivable: +€7.6m
- Cash -€5.0m
down €5.0m (-80.7%), from €6.2m to €1.2m
mainly Receivables within one year (-€9.7m) and Tax, wage and social debts (-€742,777)
- Other debts +€3.1m
up €3.1m (+131.7%), from €2.3m to €5.4m
- Reserves +€2.3m
up €2.3m (+36.6%), from €6.4m to €8.7m
of which Distributable reserves: +€2.2m
- Tax, wage and social debts -€742,777
down €742,777 (-65.9%), from €1.1m to €384,746
of which Taxes: -€743,426
- Financial income -€97,944
down €97,944 (-100.0%), from €97,944 to €0
- Taxes -€57,253
down €57,253 (-6.8%), from €838,645 to €781,392
- Gross operating margin -€57,148
down €57,148 (-1.6%), from €3.5m to €3.4m
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 | €54,734,949 | €59,391,211 | +€4.7m | +8.5% |
| Fixed assets | 21/28 | €44,970,926 | €44,937,405 | -€33,521 | -0.1% |
| Tangible fixed assets | 22/27 | €103,866 | €70,345 | -€33,521 | -32.3% |
| Furniture and vehicles | 24 | €103,866 | €70,345 | -€33,521 | -32.3% |
| Financial fixed assets | 28 | €44,867,060 | €44,867,060 | = | 0.0% |
| Current assets | 29/58 | €9,764,023 | €14,453,805 | +€4.7m | +48.0% |
| Amounts receivable within one year | 40/41 | €3,509,465 | €13,197,544 | +€9.7m | +276.1% |
| Trade receivables | 40 | €1,174,791 | €3,254,358 | +€2.1m | +177.0% |
| Other amounts receivable | 41 | €2,334,674 | €9,943,186 | +€7.6m | +325.9% |
| Current investments | 50/53 | €25,000 | €40,000 | +€15,000 | +60.0% |
| Cash at bank and in hand | 54/58 | €6,217,980 | €1,197,324 | -€5.0m | -80.7% |
| Deferred charges and accrued income | 490/1 | €11,578 | €18,938 | +€7,360 | +63.6% |
| Total equity and liabilities | 10/49 | €54,734,949 | €59,391,211 | +€4.7m | +8.5% |
| Equity | 10/15 | €51,153,514 | €53,494,845 | +€2.3m | +4.6% |
| Contributions | 10/11 | €44,767,060 | €44,767,060 | = | 0.0% |
| Capital | 10 | €44,767,060 | €44,767,060 | = | 0.0% |
| Issued capital | 100 | €44,767,060 | €44,767,060 | = | 0.0% |
| Reserves | 13 | €6,386,454 | €8,725,000 | +€2.3m | +36.6% |
| Non-distributable reserves | 130/1 | €350,000 | €470,000 | +€120,000 | +34.3% |
| Legal reserve | 130 | €350,000 | €470,000 | +€120,000 | +34.3% |
| Distributable reserves | 133 | €6,036,454 | €8,255,000 | +€2.2m | +36.8% |
| Profit (loss) carried forward | 14 | €0 | €2,785 | +€2,785 | |
| Amounts payable | 17/49 | €3,581,435 | €5,896,365 | +€2.3m | +64.6% |
| Amounts payable within one year | 42/48 | €3,481,104 | €5,825,510 | +€2.3m | +67.3% |
| Trade debts | 44 | €9,878 | €11,449 | +€1,572 | +15.9% |
| Suppliers | 440/4 | €9,878 | €11,449 | +€1,572 | +15.9% |
| Taxes, remuneration and social security | 45 | €1,127,522 | €384,746 | -€742,777 | -65.9% |
| Taxes | 450/3 | €1,099,964 | €356,538 | -€743,426 | -67.6% |
| Remuneration and social security | 454/9 | €27,558 | €28,207 | +€649 | +2.4% |
| Other amounts payable | 47/48 | €2,343,704 | €5,429,315 | +€3.1m | +131.7% |
| Accrued charges and deferred income | 492/3 | €100,331 | €70,856 | -€29,475 | -29.4% |
| Non-recurring operating income | 76A | €27,173 | €0 | -€27,173 | -100.0% |
| Remuneration, social security and pensions | 62 | €190,922 | €198,619 | +€7,697 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,044 | €33,521 | +€13,477 | +67.2% |
| Other operating charges | 640/8 | €2,134 | €13,751 | +€11,617 | +544.3% |
| Gross operating margin | 9900 | €3,496,615 | €3,439,467 | -€57,148 | -1.6% |
| Operating profit (loss) | 9901 | €3,283,515 | €3,193,576 | -€89,938 | -2.7% |
| Financial income | 75/76B | €97,944 | €0 | -€97,944 | -100.0% |
| Recurring financial income | 75 | €97,944 | €0 | -€97,944 | -100.0% |
| Financial charges | 65/66B | €100,247 | €70,853 | -€29,394 | -29.3% |
| Recurring financial charges | 65 | €100,247 | €70,853 | -€29,394 | -29.3% |
| Profit (loss) for the period before taxes | 9903 | €3,281,212 | €3,122,723 | -€158,489 | -4.8% |
| Income taxes | 67/77 | €838,645 | €781,392 | -€57,253 | -6.8% |
| Profit (loss) for the period | 9904 | €2,442,567 | €2,341,331 | -€101,236 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,442,567 | €2,341,331 | -€101,236 | -4.1% |
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 7 October 2026 via checked.be.