ORIONWORKS: 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.
ORIONWORKS
Largest movements
- Cash +€40,072
up €40,072 (+16.4%), from €243,624 to €283,696
mainly Trade debts (+€53,040) and Depreciation (+€38,735)
- Tangible fixed assets -€32,804
down €32,804 (-5.9%), from €553,310 to €520,506
of which Land and buildings: -€29,770
- Trade debts +€53,040
up €53,040 (+839%), from €6,322 to €59,362
- Profit (loss) carried forward +€33,104
up €33,104 (+60.5%), from -€54,748 to -€21,644
- Reserves -€32,427
down €32,427 (-9.1%), from €354,754 to €322,327
of which Tax-exempt reserves: -€32,427
- Other debts -€26,859
down €26,859 (-68.1%), from €39,445 to €12,586
- Debts after one year -€18,218
down €18,218 (-4.8%), from €380,385 to €362,167
- Gross operating margin -€21,995
down €21,995 (-31.7%), from €69,466 to €47,471
- Taxes +€7,183
new in 2024: €7,183
- Depreciation -€4,616
down €4,616 (-10.6%), from €43,351 to €38,735
- Other operating charges -€2,041
down €2,041 (-34.3%), from €5,949 to €3,908
- Financial charges -€786
down €786 (-13.0%), from €6,042 to €5,256
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €925,591 | €931,408 | +€5,817 | +0.6% |
| Fixed assets | 21/28 | €553,461 | €520,657 | -€32,804 | -5.9% |
| Tangible fixed assets | 22/27 | €553,310 | €520,506 | -€32,804 | -5.9% |
| Land and buildings | 22 | €524,909 | €495,139 | -€29,770 | -5.7% |
| Plant, machinery and equipment | 23 | €6,070 | €5,532 | -€538 | -8.9% |
| Furniture and vehicles | 24 | €22,331 | €19,835 | -€2,496 | -11.2% |
| Financial fixed assets | 28 | €151 | €151 | -€0 | -0.1% |
| Current assets | 29/58 | €372,130 | €410,751 | +€38,621 | +10.4% |
| Stocks and contracts in progress | 3 | €12,800 | €12,800 | = | 0.0% |
| Stocks | 30/36 | €12,800 | €12,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €115,706 | €114,255 | -€1,451 | -1.3% |
| Trade receivables | 40 | €115,706 | €103,799 | -€11,907 | -10.3% |
| Other amounts receivable | 41 | - | €10,456 | +€10,456 | |
| Cash at bank and in hand | 54/58 | €243,624 | €283,696 | +€40,072 | +16.4% |
| Total equity and liabilities | 10/49 | €925,591 | €931,408 | +€5,817 | +0.6% |
| Equity | 10/15 | €400,006 | €400,683 | +€677 | +0.2% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €354,754 | €322,327 | -€32,427 | -9.1% |
| Tax-exempt reserves | 132 | €315,255 | €282,828 | -€32,427 | -10.3% |
| Distributable reserves | 133 | €39,499 | €39,499 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | -€54,748 | -€21,644 | +€33,104 | +60.5% |
| Provisions and deferred taxes | 16 | €78,814 | €70,707 | -€8,107 | -10.3% |
| Deferred taxes | 168 | €78,814 | €70,707 | -€8,107 | -10.3% |
| Amounts payable | 17/49 | €446,772 | €460,018 | +€13,246 | +3.0% |
| Amounts payable after more than one year | 17 | €380,385 | €362,167 | -€18,218 | -4.8% |
| Financial debts | 170/4 | €380,385 | €362,167 | -€18,218 | -4.8% |
| Amounts payable within one year | 42/48 | €66,387 | €97,851 | +€31,464 | +47.4% |
| Current portion of amounts payable after more than one year | 42 | €18,218 | €18,720 | +€502 | +2.8% |
| Trade debts | 44 | €6,322 | €59,362 | +€53,040 | +839% |
| Suppliers | 440/4 | €6,322 | €59,362 | +€53,040 | +839% |
| Taxes, remuneration and social security | 45 | €2,402 | €7,183 | +€4,781 | +199% |
| Taxes | 450/3 | €2,402 | €7,183 | +€4,781 | +199% |
| Other amounts payable | 47/48 | €39,445 | €12,586 | -€26,859 | -68.1% |
| Remuneration, social security and pensions | 62 | €230 | €451 | +€221 | +96.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,351 | €38,735 | -€4,616 | -10.6% |
| Other operating charges | 640/8 | €5,949 | €3,908 | -€2,041 | -34.3% |
| Non-recurring operating charges | 66A | - | €182 | +€182 | |
| Gross operating margin | 9900 | €69,466 | €47,471 | -€21,995 | -31.7% |
| Operating profit (loss) | 9901 | €19,937 | €4,195 | -€15,742 | -79.0% |
| Financial income | 75/76B | €268 | €814 | +€546 | +203% |
| Recurring financial income | 75 | €268 | €814 | +€546 | +203% |
| Financial charges | 65/66B | €6,042 | €5,256 | -€786 | -13.0% |
| Recurring financial charges | 65 | €6,042 | €5,256 | -€786 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €14,163 | -€247 | -€14,410 | |
| Transfer from deferred taxes | 780 | €8,107 | €8,106 | -€1 | 0.0% |
| Income taxes | 67/77 | - | €7,183 | +€7,183 | |
| Profit (loss) for the period | 9904 | €22,269 | €676 | -€21,593 | -97.0% |
| Transfer from tax-exempt reserves | 789 | €32,426 | €32,426 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,696 | €33,102 | -€21,594 | -39.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.