ORK: 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.
ORK
Largest movements
- Stocks and contracts +€1.7m
new in 2025: €1.7m
- Tangible fixed assets -€72,356
down €72,356 (-4.1%), from €1.8m to €1.7m
of which Land and buildings: -€65,773
- Debts after one year +€1.0m
up €1.0m (+191.1%), from €533,669 to €1.6m
- Other debts +€751,099
up €751,099 (+97.1%), from €773,469 to €1.5m
- Tax, wage and social debts -€93,648
no longer reported in 2025 (was €93,648)
- Profit (loss) carried forward -€76,071
down €76,071 (-14.0%), from -€543,119 to -€619,190
- Short-term financial debts +€50,648
new in 2025: €50,648
- Gross operating margin -€31,008
down €31,008 (-58.9%), from €52,627 to €21,619
- Financial charges -€28,496
down €28,496 (-60.8%), from €46,857 to €18,361
- Taxes -€3,221
new in 2025: -€3,221
- Other operating charges -€2,532
down €2,532 (-19.9%), from €12,726 to €10,194
- Depreciation -€833
down €833 (-1.1%), from €73,189 to €72,356
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 | €1,778,954 | €3,392,229 | +€1.6m | +90.7% |
| Fixed assets | 21/28 | €1,757,452 | €1,685,276 | -€72,176 | -4.1% |
| Tangible fixed assets | 22/27 | €1,757,452 | €1,685,096 | -€72,356 | -4.1% |
| Land and buildings | 22 | €1,710,900 | €1,645,127 | -€65,773 | -3.8% |
| Plant, machinery and equipment | 23 | €44,939 | €38,646 | -€6,293 | -14.0% |
| Furniture and vehicles | 24 | €1,612 | €1,323 | -€289 | -17.9% |
| Financial fixed assets | 28 | - | €180 | +€180 | |
| Current assets | 29/58 | €21,502 | €1,706,953 | +€1.7m | +7838.6% |
| Stocks and contracts in progress | 3 | - | €1,697,745 | +€1.7m | |
| Stocks | 30/36 | - | €1,697,745 | +€1.7m | |
| Amounts receivable within one year | 40/41 | €20,693 | €4,240 | -€16,454 | -79.5% |
| Trade receivables | 40 | €11,070 | - | -€11,070 | |
| Other amounts receivable | 41 | €9,624 | €4,240 | -€5,384 | -55.9% |
| Cash at bank and in hand | 54/58 | €809 | €4,534 | +€3,726 | +460.8% |
| Deferred charges and accrued income | 490/1 | - | €434 | +€434 | |
| Total equity and liabilities | 10/49 | €1,778,954 | €3,392,229 | +€1.6m | +90.7% |
| Equity | 10/15 | €277,781 | €201,710 | -€76,071 | -27.4% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Revaluation surpluses | 12 | €658,400 | €634,400 | -€24,000 | -3.6% |
| Reserves | 13 | €143,500 | €167,500 | +€24,000 | +16.7% |
| Non-distributable reserves | 130/1 | €1,900 | - | -€1,900 | |
| Reserves not available under the articles | 1311 | €1,900 | - | -€1,900 | |
| Distributable reserves | 133 | €141,600 | €167,500 | +€25,900 | +18.3% |
| Profit (loss) carried forward | 14 | -€543,119 | -€619,190 | -€76,071 | -14.0% |
| Amounts payable | 17/49 | €1,501,173 | €3,190,519 | +€1.7m | +112.5% |
| Amounts payable after more than one year | 17 | €533,669 | €1,553,275 | +€1.0m | +191.1% |
| Financial debts | 170/4 | €533,669 | €1,553,275 | +€1.0m | +191.1% |
| Amounts payable within one year | 42/48 | €962,540 | €1,637,244 | +€674,704 | +70.1% |
| Current portion of amounts payable after more than one year | 42 | €32,567 | €33,394 | +€827 | +2.5% |
| Financial debts | 43 | - | €50,648 | +€50,648 | |
| Credit institutions | 430/8 | - | €50,648 | +€50,648 | |
| Trade debts | 44 | €62,857 | €28,634 | -€34,223 | -54.4% |
| Suppliers | 440/4 | €62,857 | €28,634 | -€34,223 | -54.4% |
| Taxes, remuneration and social security | 45 | €93,648 | - | -€93,648 | |
| Taxes | 450/3 | €93,648 | - | -€93,648 | |
| Other amounts payable | 47/48 | €773,469 | €1,524,568 | +€751,099 | +97.1% |
| Accrued charges and deferred income | 492/3 | €4,964 | - | -€4,964 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,189 | €72,356 | -€833 | -1.1% |
| Other operating charges | 640/8 | €12,726 | €10,194 | -€2,532 | -19.9% |
| Gross operating margin | 9900 | €52,627 | €21,619 | -€31,008 | -58.9% |
| Operating profit (loss) | 9901 | -€33,289 | -€60,931 | -€27,642 | -83.0% |
| Financial income | 75/76B | €338 | - | -€338 | |
| Recurring financial income | 75 | €338 | - | -€338 | |
| Financial charges | 65/66B | €46,857 | €18,361 | -€28,496 | -60.8% |
| Recurring financial charges | 65 | €46,857 | €18,361 | -€28,496 | -60.8% |
| Profit (loss) for the period before taxes | 9903 | -€79,807 | -€79,292 | +€515 | +0.6% |
| Income taxes | 67/77 | - | -€3,221 | -€3,221 | |
| Profit (loss) for the period | 9904 | -€79,807 | -€76,071 | +€3,736 | +4.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€79,807 | -€76,071 | +€3,736 | +4.7% |
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 4 October 2026 via checked.be.