ORIZ EUPEN: 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.
What changed
ORIZ EUPEN
NACE 46.500, Wholesale of information and communication equipment
fiscal year 2025 against 2026filed annual accounts (NBB)
Net result for the year
€1,445
2025 · -€118,339+€119,784
Equity
€420,585
2025 · €422,673-€2,089
Cash
€56,034
2025 · €81,487-€25,453
Balance sheet total
€2.0m
2025 · €2.0m-€36,569
Largest movements
Assets
- Tangible fixed assets -€98,243
down €98,243 (-8.3%), from €1.2m to €1.1m
- Receivables within one year +€54,074
up €54,074 (+12.4%), from €436,375 to €490,449
of which Trade receivables: +€91,769
- Stocks and contracts +€35,116
up €35,116 (+12.0%), from €292,506 to €327,623
- Cash -€25,453
down €25,453 (-31.2%), from €81,487 to €56,034
mainly Debts after one year (-€90,835) and Receivables within one year (-€54,074)
Equity and liabilities
- Debts after one year -€90,835
down €90,835 (-11.1%), from €816,130 to €725,295
- Short-term financial debts +€79,914
up €79,914 (+99.8%), from €80,094 to €160,009
- Trade debts -€20,199
down €20,199 (-6.3%), from €321,635 to €301,435
Income statement
- Gross operating margin +€103,723
up €103,723 (+18.4%), from €563,684 to €667,407
- Depreciation -€31,934
down €31,934 (-23.6%), from €135,443 to €103,508
- Other operating charges +€7,936
up €7,936 (+146.7%), from €5,408 to €13,345
From the 2025 result to the 2026 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.
Result 2025
-€118,339
Gross operating margin
+€103,723
Staff costs
-€2,159
Depreciation
+€31,934
Write-downs
-€2,538
Other operating charges
-€7,936
Financial income
-€4,504
Financial charges
+€1,187
Taxes
+€77
Result 2026
€1,445
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€3,013
Investment
-€4,416
Financing
-€18,024
Cash 2025
€81,487
From operations (derived)
-€3,013
Net result for the year
+€1,445
Depreciation
+€103,508
Stocks and contracts
-€35,116
Receivables within one year
-€54,074
Deferred charges and accrued income
+€1,214
Trade debts
-€20,199
Tax, wage and social debts
+€216
Other debts
+€11,272
Accrued charges and deferred income
-€11,278
Investment (derived)
-€4,416
Investment in fixed assets (net)
-€4,416
Financing
-€18,024
Debts after one year
-€90,835
Current portion of long-term debt
-€3,570
Short-term financial debts
+€79,914
Contributions, distributions and other
-€3,533
Cash 2026
€56,034
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,016,725 | €1,980,156 | -€36,569 | -1.8% |
| Fixed assets | 21/28 | €1,190,543 | €1,091,451 | -€99,092 | -8.3% |
| Intangible fixed assets | 21 | €849 | - | -€849 | |
| Tangible fixed assets | 22/27 | €1,189,694 | €1,091,451 | -€98,243 | -8.3% |
| Land and buildings | 22 | €899,091 | €869,773 | -€29,318 | -3.3% |
| Plant, machinery and equipment | 23 | €196,446 | €156,748 | -€39,699 | -20.2% |
| Furniture and vehicles | 24 | €94,157 | €64,931 | -€29,226 | -31.0% |
| Current assets | 29/58 | €826,182 | €888,705 | +€62,523 | +7.6% |
| Stocks and contracts in progress | 3 | €292,506 | €327,623 | +€35,116 | +12.0% |
| Stocks | 30/36 | €292,506 | €327,623 | +€35,116 | +12.0% |
| Amounts receivable within one year | 40/41 | €436,375 | €490,449 | +€54,074 | +12.4% |
| Trade receivables | 40 | €270,542 | €362,311 | +€91,769 | +33.9% |
| Other amounts receivable | 41 | €165,833 | €128,138 | -€37,695 | -22.7% |
| Cash at bank and in hand | 54/58 | €81,487 | €56,034 | -€25,453 | -31.2% |
| Deferred charges and accrued income | 490/1 | €15,814 | €14,600 | -€1,214 | -7.7% |
| Total equity and liabilities | 10/49 | €2,016,725 | €1,980,156 | -€36,569 | -1.8% |
| Equity | 10/15 | €422,673 | €420,585 | -€2,089 | -0.5% |
| Contributions | 10/11 | €30,500 | €30,500 | = | 0.0% |
| Reserves | 13 | €70,410 | €70,410 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,050 | €3,050 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,050 | €3,050 | = | 0.0% |
| Tax-exempt reserves | 132 | €67,360 | €67,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €260,194 | €261,639 | +€1,445 | +0.6% |
| Investment grants | 15 | €61,569 | €58,036 | -€3,533 | -5.7% |
| Amounts payable | 17/49 | €1,594,052 | €1,559,572 | -€34,480 | -2.2% |
| Amounts payable after more than one year | 17 | €816,130 | €725,295 | -€90,835 | -11.1% |
| Financial debts | 170/4 | €816,130 | €725,295 | -€90,835 | -11.1% |
| Amounts payable within one year | 42/48 | €753,990 | €821,623 | +€67,633 | +9.0% |
| Current portion of amounts payable after more than one year | 42 | €94,405 | €90,835 | -€3,570 | -3.8% |
| Financial debts | 43 | €80,094 | €160,009 | +€79,914 | +99.8% |
| Credit institutions | 430/8 | €80,094 | €160,009 | +€79,914 | +99.8% |
| Trade debts | 44 | €321,635 | €301,435 | -€20,199 | -6.3% |
| Suppliers | 440/4 | €321,635 | €301,435 | -€20,199 | -6.3% |
| Taxes, remuneration and social security | 45 | €100,368 | €100,584 | +€216 | +0.2% |
| Taxes | 450/3 | €24,192 | €23,366 | -€827 | -3.4% |
| Remuneration and social security | 454/9 | €76,176 | €77,219 | +€1,043 | +1.4% |
| Other amounts payable | 47/48 | €157,487 | €168,759 | +€11,272 | +7.2% |
| Accrued charges and deferred income | 492/3 | €23,932 | €12,654 | -€11,278 | -47.1% |
| Remuneration, social security and pensions | 62 | €523,050 | €525,209 | +€2,159 | +0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,443 | €103,508 | -€31,934 | -23.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,538 | - | +€2,538 | |
| Other operating charges | 640/8 | €5,408 | €13,345 | +€7,936 | +146.7% |
| Gross operating margin | 9900 | €563,684 | €667,407 | +€103,723 | +18.4% |
| Operating profit (loss) | 9901 | -€97,679 | €25,344 | +€123,024 | |
| Financial income | 75/76B | €8,612 | €4,108 | -€4,504 | -52.3% |
| Recurring financial income | 75 | €8,612 | €4,108 | -€4,504 | -52.3% |
| Financial charges | 65/66B | €28,278 | €27,091 | -€1,187 | -4.2% |
| Recurring financial charges | 65 | €28,278 | €27,091 | -€1,187 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | -€117,346 | €2,361 | +€119,707 | |
| Income taxes | 67/77 | €994 | €917 | -€77 | -7.8% |
| Profit (loss) for the period | 9904 | -€118,339 | €1,445 | +€119,784 | |
| Profit (loss) for the period to be appropriated | 9905 | -€118,339 | €1,445 | +€119,784 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.