ORKA: 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.
ORKA
Largest movements
- Cash -€189,825
down €189,825 (-63.7%), from €298,138 to €108,313
mainly Stocks and contracts (-€158,714) and Investment in fixed assets (net) (-€137,054)
- Stocks and contracts +€158,714
up €158,714 (+21.3%), from €746,052 to €904,766
- Receivables within one year -€147,383
down €147,383 (-25.5%), from €578,269 to €430,886
of which Trade receivables: -€157,734
- Financial fixed assets +€100,000
up €100,000 (+37.1%), from €269,508 to €369,508
- Tangible fixed assets -€98,359
down €98,359 (-21.6%), from €455,830 to €357,470
of which Leasing and similar rights: -€58,571
- Profit (loss) carried forward +€211,369
up €211,369 (+84.7%), from €249,595 to €460,964
- Trade debts -€119,053
down €119,053 (-26.3%), from €452,491 to €333,438
- Tax, wage and social debts -€60,334
down €60,334 (-43.7%), from €138,137 to €77,803
of which Taxes: -€36,245
- Other debts -€55,000
no longer reported in 2025 (was €55,000)
- Current portion of long-term debt -€49,409
down €49,409 (-40.1%), from €123,245 to €73,837
- Gross operating margin -€254,537
down €254,537 (-21.0%), from €1.2m to €957,528
- Staff costs -€75,902
down €75,902 (-12.7%), from €597,123 to €521,221
- Taxes -€41,231
down €41,231 (-34.9%), from €118,130 to €76,899
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 | €2,360,478 | €2,273,656 | -€86,822 | -3.7% |
| Fixed assets | 21/28 | €731,221 | €757,999 | +€26,777 | +3.7% |
| Intangible fixed assets | 21 | €5,884 | €31,021 | +€25,137 | +427% |
| Tangible fixed assets | 22/27 | €455,830 | €357,470 | -€98,359 | -21.6% |
| Plant, machinery and equipment | 23 | €113,938 | €77,626 | -€36,312 | -31.9% |
| Furniture and vehicles | 24 | €4,924 | €4,606 | -€318 | -6.5% |
| Leasing and similar rights | 25 | €319,865 | €261,294 | -€58,571 | -18.3% |
| Other tangible fixed assets | 26 | €17,103 | €13,945 | -€3,159 | -18.5% |
| Financial fixed assets | 28 | €269,508 | €369,508 | +€100,000 | +37.1% |
| Current assets | 29/58 | €1,629,256 | €1,515,657 | -€113,599 | -7.0% |
| Amounts receivable after more than one year | 29 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 291 | - | €50,000 | +€50,000 | |
| Stocks and contracts in progress | 3 | €746,052 | €904,766 | +€158,714 | +21.3% |
| Stocks | 30/36 | €746,052 | €904,766 | +€158,714 | +21.3% |
| Amounts receivable within one year | 40/41 | €578,269 | €430,886 | -€147,383 | -25.5% |
| Trade receivables | 40 | €578,269 | €420,535 | -€157,734 | -27.3% |
| Other amounts receivable | 41 | - | €10,351 | +€10,351 | |
| Cash at bank and in hand | 54/58 | €298,138 | €108,313 | -€189,825 | -63.7% |
| Deferred charges and accrued income | 490/1 | €6,797 | €21,692 | +€14,895 | +219% |
| Total equity and liabilities | 10/49 | €2,360,478 | €2,273,656 | -€86,822 | -3.7% |
| Equity | 10/15 | €1,328,145 | €1,550,638 | +€222,494 | +16.8% |
| Contributions | 10/11 | €1,000,640 | €1,000,640 | = | 0.0% |
| Capital | 10 | €1,000,640 | €1,000,640 | = | 0.0% |
| Issued capital | 100 | €1,000,640 | €1,000,640 | = | 0.0% |
| Reserves | 13 | €77,910 | €89,035 | +€11,125 | +14.3% |
| Non-distributable reserves | 130/1 | €77,910 | €89,035 | +€11,125 | +14.3% |
| Legal reserve | 130 | €77,910 | €89,035 | +€11,125 | +14.3% |
| Profit (loss) carried forward | 14 | €249,595 | €460,964 | +€211,369 | +84.7% |
| Amounts payable | 17/49 | €1,032,333 | €723,017 | -€309,316 | -30.0% |
| Amounts payable after more than one year | 17 | €263,459 | €231,068 | -€32,391 | -12.3% |
| Financial debts | 170/4 | €263,459 | €231,068 | -€32,391 | -12.3% |
| Amounts payable within one year | 42/48 | €768,874 | €485,077 | -€283,796 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €123,245 | €73,837 | -€49,409 | -40.1% |
| Trade debts | 44 | €452,491 | €333,438 | -€119,053 | -26.3% |
| Suppliers | 440/4 | €452,491 | €333,438 | -€119,053 | -26.3% |
| Taxes, remuneration and social security | 45 | €138,137 | €77,803 | -€60,334 | -43.7% |
| Taxes | 450/3 | €56,835 | €20,590 | -€36,245 | -63.8% |
| Remuneration and social security | 454/9 | €81,302 | €57,213 | -€24,089 | -29.6% |
| Other amounts payable | 47/48 | €55,000 | - | -€55,000 | |
| Accrued charges and deferred income | 492/3 | - | €6,872 | +€6,872 | |
| Non-recurring operating income | 76A | - | €150,749 | +€150,749 | |
| Remuneration, social security and pensions | 62 | €597,123 | €521,221 | -€75,902 | -12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,354 | €110,277 | -€11,078 | -9.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,919 | €2,795 | +€6,715 | |
| Other operating charges | 640/8 | €5,487 | €3,146 | -€2,341 | -42.7% |
| Non-recurring operating charges | 66A | €2,526 | €3,344 | +€818 | +32.4% |
| Gross operating margin | 9900 | €1,212,066 | €957,528 | -€254,537 | -21.0% |
| Operating profit (loss) | 9901 | €489,495 | €316,745 | -€172,749 | -35.3% |
| Financial income | 75/76B | €8,325 | €9,281 | +€956 | +11.5% |
| Recurring financial income | 75 | €8,325 | €9,281 | +€956 | +11.5% |
| Financial charges | 65/66B | €37,326 | €26,633 | -€10,693 | -28.6% |
| Recurring financial charges | 65 | €37,326 | €26,633 | -€10,693 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €460,494 | €299,393 | -€161,101 | -35.0% |
| Income taxes | 67/77 | €118,130 | €76,899 | -€41,231 | -34.9% |
| Profit (loss) for the period | 9904 | €342,363 | €222,494 | -€119,869 | -35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €342,363 | €222,494 | -€119,869 | -35.0% |
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 25 October 2026 via checked.be.