ORL SVP: 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 SVP
Largest movements
- Cash +€104,918
up €104,918 (+77.1%), from €135,999 to €240,916
mainly Net result for the year (+€89,638) and Deferred charges and accrued income (+€16,489)
- Deferred charges and accrued income -€16,489
down €16,489 (-33.1%), from €49,877 to €33,388
- Tangible fixed assets -€15,791
down €15,791 (-8.8%), from €178,821 to €163,030
of which Land and buildings: -€12,976
- Receivables within one year -€9,126
down €9,126 (-100%), from €9,126 to €0
- Reserves +€89,638
up €89,638 (+37.4%), from €239,450 to €329,089
of which Distributable reserves: +€90,061
- Debts after one year -€15,976
down €15,976 (-39.7%), from €40,248 to €24,272
- Tax, wage and social debts -€14,304
down €14,304 (-61.0%), from €23,442 to €9,137
of which Taxes: -€11,104
- Gross operating margin +€51,543
up €51,543 (+53.8%), from €95,739 to €147,282
- Turnover +€43,098
up €43,098 (+16.1%), from €267,125 to €310,223
- Taxes +€15,763
up €15,763 (+66.3%), from €23,767 to €39,530
- Purchases and services -€8,692
down €8,692 (-4.9%), from €176,555 to €167,863
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 | €373,824 | €437,335 | +€63,511 | +17.0% |
| Fixed assets | 21/28 | €178,821 | €163,030 | -€15,791 | -8.8% |
| Tangible fixed assets | 22/27 | €178,821 | €163,030 | -€15,791 | -8.8% |
| Land and buildings | 22 | €166,999 | €154,022 | -€12,976 | -7.8% |
| Furniture and vehicles | 24 | €11,823 | €9,008 | -€2,815 | -23.8% |
| Current assets | 29/58 | €195,002 | €274,305 | +€79,302 | +40.7% |
| Amounts receivable within one year | 40/41 | €9,126 | €0 | -€9,126 | -100% |
| Other amounts receivable | 41 | €9,126 | €0 | -€9,126 | -100% |
| Cash at bank and in hand | 54/58 | €135,999 | €240,916 | +€104,918 | +77.1% |
| Deferred charges and accrued income | 490/1 | €49,877 | €33,388 | -€16,489 | -33.1% |
| Total equity and liabilities | 10/49 | €373,824 | €437,335 | +€63,511 | +17.0% |
| Equity | 10/15 | €292,151 | €381,790 | +€89,638 | +30.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Capital | 10 | €12,400 | €12,400 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €239,450 | €329,089 | +€89,638 | +37.4% |
| Tax-exempt reserves | 132 | €10,287 | €9,865 | -€423 | -4.1% |
| Distributable reserves | 133 | €229,163 | €319,224 | +€90,061 | +39.3% |
| Profit (loss) carried forward | 14 | €40,301 | €40,301 | = | 0.0% |
| Amounts payable | 17/49 | €81,672 | €55,545 | -€26,127 | -32.0% |
| Amounts payable after more than one year | 17 | €40,248 | €24,272 | -€15,976 | -39.7% |
| Financial debts | 170/4 | €40,248 | €24,272 | -€15,976 | -39.7% |
| Amounts payable within one year | 42/48 | €41,424 | €31,273 | -€10,151 | -24.5% |
| Current portion of amounts payable after more than one year | 42 | €15,426 | €15,976 | +€550 | +3.6% |
| Trade debts | 44 | €2,556 | €2,300 | -€256 | -10.0% |
| Suppliers | 440/4 | €2,556 | €2,300 | -€256 | -10.0% |
| Taxes, remuneration and social security | 45 | €23,442 | €9,137 | -€14,304 | -61.0% |
| Taxes | 450/3 | €20,242 | €9,137 | -€11,104 | -54.9% |
| Remuneration and social security | 454/9 | €3,200 | €0 | -€3,200 | -100% |
| Other amounts payable | 47/48 | €0 | €3,859 | +€3,859 | |
| Turnover | 70 | €267,125 | €310,223 | +€43,098 | +16.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €176,555 | €167,863 | -€8,692 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,209 | €16,260 | -€949 | -5.5% |
| Other operating charges | 640/8 | €851 | €878 | +€27 | +3.2% |
| Gross operating margin | 9900 | €95,739 | €147,282 | +€51,543 | +53.8% |
| Operating profit (loss) | 9901 | €77,679 | €130,144 | +€52,465 | +67.5% |
| Financial income | 75/76B | €539 | €1,001 | +€462 | +85.8% |
| Recurring financial income | 75 | €539 | €1,001 | +€462 | +85.8% |
| Financial charges | 65/66B | €2,267 | €1,976 | -€290 | -12.8% |
| Recurring financial charges | 65 | €2,267 | €1,976 | -€290 | -12.8% |
| Profit (loss) for the period before taxes | 9903 | €75,951 | €129,169 | +€53,218 | +70.1% |
| Income taxes | 67/77 | €23,767 | €39,530 | +€15,763 | +66.3% |
| Profit (loss) for the period | 9904 | €52,184 | €89,638 | +€37,455 | +71.8% |
| Transfer from tax-exempt reserves | 789 | €1,268 | €423 | -€846 | -66.7% |
| Profit (loss) for the period to be appropriated | 9905 | €53,452 | €90,061 | +€36,609 | +68.5% |
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 21 October 2026 via checked.be.