ORL+: 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.
ORL+
Largest movements
- Tangible fixed assets -€20,977
down €20,977 (-47.2%), from €44,463 to €23,486
of which Land and buildings: -€23,693
- Receivables within one year +€8,233
up €8,233 (+125%), from €6,605 to €14,837
of which Trade receivables: +€5,050
- Deferred charges and accrued income -€3,727
down €3,727 (-64.6%), from €5,767 to €2,040
- Reserves +€38,820
up €38,820 (+31.8%), from €122,079 to €160,899
- Profit (loss) carried forward -€31,764
down €31,764, from €11,660 to -€20,104
- Debts after one year -€29,798
down €29,798 (-82.2%), from €36,265 to €6,467
- Trade debts +€3,491
up €3,491, from €0 to €3,491
- Tax, wage and social debts +€2,618
up €2,618 (+57.8%), from €4,532 to €7,150
of which Taxes: +€2,891
- Gross operating margin -€62,887
down €62,887, from €50,179 to -€12,708
- Taxes -€8,649
down €8,649 (-95.7%), from €9,035 to €386
- Depreciation +€1,223
up €1,223 (+8.5%), from €14,437 to €15,659
- Financial charges -€958
down €958 (-43.3%), from €2,211 to €1,253
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €208,391 | €193,651 | -€14,740 | -7.1% |
| Fixed assets | 21/28 | €44,463 | €23,486 | -€20,977 | -47.2% |
| Tangible fixed assets | 22/27 | €44,463 | €23,486 | -€20,977 | -47.2% |
| Land and buildings | 22 | €36,750 | €13,057 | -€23,693 | -64.5% |
| Plant, machinery and equipment | 23 | €7,713 | €5,796 | -€1,917 | -24.9% |
| Furniture and vehicles | 24 | - | €4,632 | +€4,632 | |
| Current assets | 29/58 | €163,928 | €170,166 | +€6,238 | +3.8% |
| Amounts receivable within one year | 40/41 | €6,605 | €14,837 | +€8,233 | +125% |
| Trade receivables | 40 | - | €5,050 | +€5,050 | |
| Other amounts receivable | 41 | €6,605 | €9,787 | +€3,182 | +48.2% |
| Cash at bank and in hand | 54/58 | €151,556 | €153,288 | +€1,732 | +1.1% |
| Deferred charges and accrued income | 490/1 | €5,767 | €2,040 | -€3,727 | -64.6% |
| Total equity and liabilities | 10/49 | €208,391 | €193,651 | -€14,740 | -7.1% |
| Equity | 10/15 | €152,339 | €159,396 | +€7,057 | +4.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €122,079 | €160,899 | +€38,820 | +31.8% |
| Distributable reserves | 133 | €122,079 | €160,899 | +€38,820 | +31.8% |
| Profit (loss) carried forward | 14 | €11,660 | -€20,104 | -€31,764 | |
| Amounts payable | 17/49 | €56,052 | €34,256 | -€21,796 | -38.9% |
| Amounts payable after more than one year | 17 | €36,265 | €6,467 | -€29,798 | -82.2% |
| Financial debts | 170/4 | €36,265 | €6,467 | -€29,798 | -82.2% |
| Amounts payable within one year | 42/48 | €19,787 | €27,788 | +€8,001 | +40.4% |
| Current portion of amounts payable after more than one year | 42 | €14,158 | €15,151 | +€994 | +7.0% |
| Trade debts | 44 | €0 | €3,491 | +€3,491 | |
| Suppliers | 440/4 | €0 | €3,491 | +€3,491 | |
| Taxes, remuneration and social security | 45 | €4,532 | €7,150 | +€2,618 | +57.8% |
| Taxes | 450/3 | €2,282 | €5,173 | +€2,891 | +127% |
| Remuneration and social security | 454/9 | €2,250 | €1,977 | -€273 | -12.1% |
| Other amounts payable | 47/48 | €1,097 | €1,996 | +€899 | +82.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,437 | €15,659 | +€1,223 | +8.5% |
| Other operating charges | 640/8 | €1,965 | €2,376 | +€411 | +20.9% |
| Gross operating margin | 9900 | €50,179 | -€12,708 | -€62,887 | |
| Operating profit (loss) | 9901 | €33,778 | -€30,743 | -€64,521 | |
| Financial income | 75/76B | €290 | €619 | +€329 | +114% |
| Recurring financial income | 75 | €290 | €619 | +€329 | +114% |
| Financial charges | 65/66B | €2,211 | €1,253 | -€958 | -43.3% |
| Recurring financial charges | 65 | €2,211 | €1,253 | -€958 | -43.3% |
| Profit (loss) for the period before taxes | 9903 | €31,857 | -€31,377 | -€63,234 | |
| Income taxes | 67/77 | €9,035 | €386 | -€8,649 | -95.7% |
| Profit (loss) for the period | 9904 | €22,821 | -€31,764 | -€54,585 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,821 | -€31,764 | -€54,585 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.