Orizio Re: 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.
Orizio Re
Largest movements
- Receivables within one year +€3.8m
up €3.8m (+210%), from €1.8m to €5.7m
- Tangible fixed assets -€393,704
down €393,704 (-4.3%), from €9.2m to €8.8m
of which Land and buildings: -€330,108
- Cash +€374,999
up €374,999 (+232%), from €161,500 to €536,499
mainly Net result for the year (+€2.3m) and Trade debts (+€639,618)
- Financial fixed assets +€265,680
new in 2025: €265,680
of which Other financial fixed assets: +€165,680
- Profit (loss) carried forward +€2.3m
up €2.3m, from -€932,744 to €1.4m
- Trade debts +€639,618
up €639,618 (+112%), from €570,594 to €1.2m
- Other debts +€447,156
up €447,156 (+1,711%), from €26,139 to €473,294
- Provisions +€343,000
up €343,000 (+99.5%), from €344,793 to €687,793
- Debts after one year +€165,680
new in 2025: €165,680
- Turnover +€2.1m
up €2.1m (+113%), from €1.8m to €3.9m
- Services and other goods +€524,526
up €524,526 (+2,007%), from €26,139 to €550,664
- Other operating income +€246,302
new in 2025: €246,302
- Taxes -€168,576
down €168,576, from €128,900 to -€39,677
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 | €11,222,685 | €15,313,167 | +€4.1m | +36.4% |
| Fixed assets | 21/28 | €9,230,330 | €9,102,305 | -€128,025 | -1.4% |
| Tangible fixed assets | 22/27 | €9,230,330 | €8,836,626 | -€393,704 | -4.3% |
| Land and buildings | 22 | €8,938,681 | €8,608,573 | -€330,108 | -3.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €290,219 | €226,828 | -€63,391 | -21.8% |
| Assets under construction and advance payments | 27 | €1,430 | €1,224 | -€205 | -14.4% |
| Financial fixed assets | 28 | - | €265,680 | +€265,680 | |
| Affiliated companies | 280/1 | - | €100,000 | +€100,000 | |
| Amounts receivable | 281 | - | €100,000 | +€100,000 | |
| Other financial fixed assets | 284/8 | - | €165,680 | +€165,680 | |
| Amounts receivable and cash guarantees | 285/8 | - | €165,680 | +€165,680 | |
| Current assets | 29/58 | €1,992,354 | €6,210,862 | +€4.2m | +212% |
| Amounts receivable within one year | 40/41 | €1,830,854 | €5,674,362 | +€3.8m | +210% |
| Trade receivables | 40 | €1,830,854 | €5,674,362 | +€3.8m | +210% |
| Cash at bank and in hand | 54/58 | €161,500 | €536,499 | +€374,999 | +232% |
| Total equity and liabilities | 10/49 | €11,222,685 | €15,313,167 | +€4.1m | +36.4% |
| Equity | 10/15 | €10,152,260 | €12,494,899 | +€2.3m | +23.1% |
| Contributions | 10/11 | €1,320,157 | €1,320,157 | = | 0.0% |
| Capital | 10 | €1,320,157 | €1,320,157 | = | 0.0% |
| Issued capital | 100 | €1,320,157 | €1,320,157 | = | 0.0% |
| Uncalled capital | 101 | - | €0 | = | |
| Revaluation surpluses | 12 | €7,087,520 | €7,087,520 | = | 0.0% |
| Reserves | 13 | €2,071,109 | €2,071,109 | = | 0.0% |
| Non-distributable reserves | 130/1 | €125,866 | €125,866 | = | 0.0% |
| Legal reserve | 130 | €125,866 | €125,866 | = | 0.0% |
| Distributable reserves | 133 | €1,945,243 | €1,945,243 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€932,744 | €1,409,895 | +€2.3m | |
| Investment grants | 15 | €606,218 | €606,218 | = | 0.0% |
| Provisions and deferred taxes | 16 | €344,793 | €687,793 | +€343,000 | +99.5% |
| Provisions for liabilities and charges | 160/5 | €344,793 | €687,793 | +€343,000 | +99.5% |
| Major repairs and maintenance | 162 | €344,793 | €687,793 | +€343,000 | +99.5% |
| Amounts payable | 17/49 | €725,632 | €2,130,475 | +€1.4m | +194% |
| Amounts payable after more than one year | 17 | - | €165,680 | +€165,680 | |
| Financial debts | 170/4 | - | €165,680 | +€165,680 | |
| Other loans | 174 | - | €165,680 | +€165,680 | |
| Amounts payable within one year | 42/48 | €725,632 | €1,964,796 | +€1.2m | +171% |
| Trade debts | 44 | €570,594 | €1,210,211 | +€639,618 | +112% |
| Suppliers | 440/4 | €570,594 | €1,210,211 | +€639,618 | +112% |
| Taxes, remuneration and social security | 45 | €128,900 | €281,290 | +€152,391 | +118% |
| Taxes | 450/3 | €128,900 | €281,290 | +€152,391 | +118% |
| Other amounts payable | 47/48 | €26,139 | €473,294 | +€447,156 | +1,711% |
| Operating income | 70/76A | €1,830,854 | €4,154,467 | +€2.3m | +127% |
| Turnover | 70 | €1,830,854 | €3,908,165 | +€2.1m | +113% |
| Other operating income | 74 | - | €246,302 | +€246,302 | |
| Operating charges | 60/66A | €1,357,829 | €1,849,109 | +€491,281 | +36.2% |
| Services and other goods | 61 | €26,139 | €550,664 | +€524,526 | +2,007% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €416,304 | €393,704 | -€22,599 | -5.4% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €344,793 | €343,000 | -€1,793 | -0.5% |
| Other operating charges | 640/8 | €570,594 | €561,740 | -€8,853 | -1.6% |
| Operating profit (loss) | 9901 | €473,026 | €2,305,358 | +€1.8m | +387% |
| Financial charges | 65/66B | - | €2,395 | +€2,395 | |
| Recurring financial charges | 65 | - | €2,395 | +€2,395 | |
| Other financial charges | 652/9 | - | €2,395 | +€2,395 | |
| Profit (loss) for the period before taxes | 9903 | €473,026 | €2,302,962 | +€1.8m | +387% |
| Income taxes | 67/77 | €128,900 | -€39,677 | -€168,576 | |
| Taxes | 670/3 | €128,900 | €89,223 | -€39,677 | -30.8% |
| Tax adjustments and reversals of tax provisions | 77 | - | €128,900 | +€128,900 | |
| Profit (loss) for the period | 9904 | €344,126 | €2,342,639 | +€2.0m | +581% |
| Profit (loss) for the period to be appropriated | 9905 | €344,126 | €2,342,639 | +€2.0m | +581% |
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 16 October 2026 via checked.be.