Orkavigo: 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.
Orkavigo
Largest movements
- Cash +€35,749
up €35,749 (+84.1%), from €42,494 to €78,243
mainly Net result for the year (+€36,575) and Depreciation (+€12,448)
- Tangible fixed assets -€6,920
down €6,920 (-16.5%), from €41,877 to €34,957
of which Other tangible fixed assets: -€4,783
- Receivables within one year +€5,165
up €5,165 (+1,043%), from €495 to €5,660
of which Other amounts receivable: +€4,430
- Intangible fixed assets +€1,764
new in 2025: €1,764
- Profit (loss) carried forward +€35,742
up €35,742 (+114%), from €31,465 to €67,207
- Tax, wage and social debts -€3,109
down €3,109 (-67.2%), from €4,626 to €1,518
of which Taxes: -€2,623
- Trade debts +€1,970
up €1,970 (+4.9%), from €40,185 to €42,155
- Other debts +€1,241
up €1,241 (+17.4%), from €7,131 to €8,372
- Gross operating margin +€8,101
up €8,101 (+14.7%), from €54,958 to €63,059
- Taxes +€3,829
up €3,829 (+45.8%), from €8,365 to €12,194
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 | €86,407 | €122,251 | +€35,844 | +41.5% |
| Fixed assets | 21/28 | €41,877 | €36,721 | -€5,156 | -12.3% |
| Intangible fixed assets | 21 | - | €1,764 | +€1,764 | |
| Tangible fixed assets | 22/27 | €41,877 | €34,957 | -€6,920 | -16.5% |
| Furniture and vehicles | 24 | €12,176 | €10,039 | -€2,137 | -17.5% |
| Other tangible fixed assets | 26 | €29,702 | €24,918 | -€4,783 | -16.1% |
| Current assets | 29/58 | €44,530 | €85,530 | +€41,000 | +92.1% |
| Amounts receivable within one year | 40/41 | €495 | €5,660 | +€5,165 | +1,043% |
| Trade receivables | 40 | €495 | €1,230 | +€735 | +148% |
| Other amounts receivable | 41 | - | €4,430 | +€4,430 | |
| Cash at bank and in hand | 54/58 | €42,494 | €78,243 | +€35,749 | +84.1% |
| Deferred charges and accrued income | 490/1 | €1,541 | €1,627 | +€86 | +5.6% |
| Total equity and liabilities | 10/49 | €86,407 | €122,251 | +€35,844 | +41.5% |
| Equity | 10/15 | €34,465 | €70,207 | +€35,742 | +104% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,465 | €67,207 | +€35,742 | +114% |
| Amounts payable | 17/49 | €51,942 | €52,044 | +€102 | +0.2% |
| Amounts payable within one year | 42/48 | €51,942 | €52,044 | +€102 | +0.2% |
| Trade debts | 44 | €40,185 | €42,155 | +€1,970 | +4.9% |
| Suppliers | 440/4 | €40,185 | €42,155 | +€1,970 | +4.9% |
| Taxes, remuneration and social security | 45 | €4,626 | €1,518 | -€3,109 | -67.2% |
| Taxes | 450/3 | €2,623 | - | -€2,623 | |
| Remuneration and social security | 454/9 | €2,003 | €1,518 | -€486 | -24.2% |
| Other amounts payable | 47/48 | €7,131 | €8,372 | +€1,241 | +17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,816 | €12,448 | -€368 | -2.9% |
| Other operating charges | 640/8 | €1,361 | €1,453 | +€92 | +6.8% |
| Gross operating margin | 9900 | €54,958 | €63,059 | +€8,101 | +14.7% |
| Operating profit (loss) | 9901 | €40,781 | €49,157 | +€8,377 | +20.5% |
| Financial income | 75/76B | €1 | €108 | +€107 | +12,460% |
| Recurring financial income | 75 | €1 | €108 | +€107 | +12,460% |
| Financial charges | 65/66B | €92 | €497 | +€404 | +437% |
| Recurring financial charges | 65 | €92 | €497 | +€404 | +437% |
| Profit (loss) for the period before taxes | 9903 | €40,689 | €48,769 | +€8,080 | +19.9% |
| Income taxes | 67/77 | €8,365 | €12,194 | +€3,829 | +45.8% |
| Profit (loss) for the period | 9904 | €32,324 | €36,575 | +€4,251 | +13.2% |
| Profit (loss) for the period to be appropriated | 9905 | €32,324 | €36,575 | +€4,251 | +13.2% |
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 17 October 2026 via checked.be.