ORLAM: 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.
ORLAM
Largest movements
- Receivables within one year -€141,425
down €141,425 (-33.2%), from €426,614 to €285,189
of which Other amounts receivable: -€74,349
- Cash +€74,019
up €74,019 (+190%), from €39,019 to €113,039
mainly Receivables within one year (+€141,425) and Depreciation (+€25,652)
- Tangible fixed assets -€23,307
down €23,307 (-4.2%), from €553,831 to €530,523
of which Land and buildings: -€21,379
- Reserves -€77,120
down €77,120 (-37.8%), from €204,240 to €127,120
of which Distributable reserves: -€87,032
- Trade debts -€14,667
down €14,667 (-44.2%), from €33,200 to €18,534
- Gross operating margin -€16,278
down €16,278 (-9.1%), from €178,450 to €162,172
- Financial income +€15,090
up €15,090 (+1,126,156%), from €1 to €15,092
- Financial charges +€11,535
up €11,535 (+1,149%), from €1,004 to €12,539
- Staff costs +€9,784
up €9,784 (+10.3%), from €95,005 to €104,789
- Taxes -€5,527
down €5,527 (-37.5%), from €14,752 to €9,225
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 | €1,027,634 | €939,107 | -€88,527 | -8.6% |
| Fixed assets | 21/28 | €553,956 | €530,648 | -€23,307 | -4.2% |
| Tangible fixed assets | 22/27 | €553,831 | €530,523 | -€23,307 | -4.2% |
| Land and buildings | 22 | €534,778 | €513,399 | -€21,379 | -4.0% |
| Plant, machinery and equipment | 23 | €4,554 | €2,986 | -€1,569 | -34.4% |
| Furniture and vehicles | 24 | €11,644 | €4,936 | -€6,708 | -57.6% |
| Other tangible fixed assets | 26 | €2,854 | €9,202 | +€6,348 | +222% |
| Financial fixed assets | 28 | €125 | €125 | = | 0.0% |
| Current assets | 29/58 | €473,678 | €408,458 | -€65,220 | -13.8% |
| Amounts receivable within one year | 40/41 | €426,614 | €285,189 | -€141,425 | -33.2% |
| Trade receivables | 40 | €103,689 | €36,612 | -€67,077 | -64.7% |
| Other amounts receivable | 41 | €322,925 | €248,576 | -€74,349 | -23.0% |
| Cash at bank and in hand | 54/58 | €39,019 | €113,039 | +€74,019 | +190% |
| Deferred charges and accrued income | 490/1 | €8,045 | €10,231 | +€2,186 | +27.2% |
| Total equity and liabilities | 10/49 | €1,027,634 | €939,107 | -€88,527 | -8.6% |
| Equity | 10/15 | €956,976 | €879,856 | -€77,120 | -8.1% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Reserves | 13 | €204,240 | €127,120 | -€77,120 | -37.8% |
| Non-distributable reserves | 130/1 | €34,506 | €34,506 | = | 0.0% |
| Reserves not available under the articles | 1311 | €34,506 | €34,506 | = | 0.0% |
| Tax-exempt reserves | 132 | €27,588 | €37,500 | +€9,912 | +35.9% |
| Distributable reserves | 133 | €142,146 | €55,114 | -€87,032 | -61.2% |
| Profit (loss) carried forward | 14 | €738,737 | €738,737 | = | 0.0% |
| Amounts payable | 17/49 | €70,657 | €59,250 | -€11,407 | -16.1% |
| Amounts payable within one year | 42/48 | €70,657 | €59,214 | -€11,444 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €21,682 | €21,682 | = | 0.0% |
| Trade debts | 44 | €33,200 | €18,534 | -€14,667 | -44.2% |
| Suppliers | 440/4 | €33,200 | €18,534 | -€14,667 | -44.2% |
| Taxes, remuneration and social security | 45 | €15,775 | €18,998 | +€3,223 | +20.4% |
| Taxes | 450/3 | €3,551 | €6,287 | +€2,735 | +77.0% |
| Remuneration and social security | 454/9 | €12,224 | €12,711 | +€488 | +4.0% |
| Accrued charges and deferred income | 492/3 | - | €36 | +€36 | |
| Remuneration, social security and pensions | 62 | €95,005 | €104,789 | +€9,784 | +10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,651 | €25,652 | -€1,999 | -7.2% |
| Other operating charges | 640/8 | €4,524 | €5,459 | +€935 | +20.7% |
| Gross operating margin | 9900 | €178,450 | €162,172 | -€16,278 | -9.1% |
| Operating profit (loss) | 9901 | €51,270 | €26,272 | -€24,997 | -48.8% |
| Financial income | 75/76B | €1 | €15,092 | +€15,090 | +1,126,156% |
| Recurring financial income | 75 | €1 | €15,092 | +€15,090 | +1,126,156% |
| Financial charges | 65/66B | €1,004 | €12,539 | +€11,535 | +1,149% |
| Recurring financial charges | 65 | €1,004 | €12,539 | +€11,535 | +1,149% |
| Profit (loss) for the period before taxes | 9903 | €50,267 | €28,825 | -€21,442 | -42.7% |
| Income taxes | 67/77 | €14,752 | €9,225 | -€5,527 | -37.5% |
| Profit (loss) for the period | 9904 | €35,514 | €19,600 | -€15,915 | -44.8% |
| Profit (loss) for the period to be appropriated | 9905 | €35,514 | €19,600 | -€15,915 | -44.8% |
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 13 October 2026 via checked.be.