ORMIGA: 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.
ORMIGA
Largest movements
- Receivables after one year +€317,475
new in 2026: €317,475
- Cash -€151,494
down €151,494 (-59.4%), from €254,994 to €103,500
mainly Receivables after one year (-€317,475) and Contributions, distributions and other (-€256,000)
- Tangible fixed assets +€63,221
up €63,221 (+3545.5%), from €1,783 to €65,004
- Receivables within one year +€16,400
up €16,400 (+39.8%), from €41,185 to €57,585
of which Other amounts receivable: +€23,312
- Reserves +€231,550
up €231,550 (+148.6%), from €155,770 to €387,320
of which Tax-exempt reserves: +€231,550
- Accrued charges and deferred income +€55,000
up €55,000, from €0 to €55,000
- Other debts -€30,914
down €30,914 (-28.2%), from €109,488 to €78,573
- Tax, wage and social debts -€7,340
down €7,340 (-24.7%), from €29,771 to €22,431
of which Taxes: -€7,760
- Gross operating margin +€484,485
up €484,485 (+303.6%), from €159,592 to €644,077
- Taxes +€115,907
up €115,907 (+316.5%), from €36,618 to €152,525
- Depreciation +€15,299
up €15,299 (+1818.1%), from €841 to €16,140
- Financial income +€6,570
up €6,570 (+97.7%), from €6,727 to €13,297
From the 2025 result to the 2026 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.
Cash bridge derived
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €297,962 | €546,695 | +€248,733 | +83.5% |
| Fixed assets | 21/28 | €1,783 | €65,004 | +€63,221 | +3545.5% |
| Tangible fixed assets | 22/27 | €1,783 | €65,004 | +€63,221 | +3545.5% |
| Furniture and vehicles | 24 | €1,783 | €65,004 | +€63,221 | +3545.5% |
| Current assets | 29/58 | €296,179 | €481,691 | +€185,512 | +62.6% |
| Amounts receivable after more than one year | 29 | - | €317,475 | +€317,475 | |
| Other amounts receivable | 291 | - | €317,475 | +€317,475 | |
| Amounts receivable within one year | 40/41 | €41,185 | €57,585 | +€16,400 | +39.8% |
| Trade receivables | 40 | €40,023 | €33,110 | -€6,912 | -17.3% |
| Other amounts receivable | 41 | €1,162 | €24,475 | +€23,312 | +2005.4% |
| Cash at bank and in hand | 54/58 | €254,994 | €103,500 | -€151,494 | -59.4% |
| Deferred charges and accrued income | 490/1 | €0 | €3,131 | +€3,131 | |
| Total equity and liabilities | 10/49 | €297,962 | €546,695 | +€248,733 | +83.5% |
| Equity | 10/15 | €157,770 | €389,761 | +€231,991 | +147.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €155,770 | €387,320 | +€231,550 | +148.6% |
| Tax-exempt reserves | 132 | €155,770 | €387,320 | +€231,550 | +148.6% |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €441 | +€441 | |
| Amounts payable | 17/49 | €140,192 | €156,934 | +€16,742 | +11.9% |
| Amounts payable within one year | 42/48 | €140,192 | €101,934 | -€38,258 | -27.3% |
| Trade debts | 44 | €933 | €929 | -€3 | -0.4% |
| Suppliers | 440/4 | €933 | €929 | -€3 | -0.4% |
| Taxes, remuneration and social security | 45 | €29,771 | €22,431 | -€7,340 | -24.7% |
| Taxes | 450/3 | €27,592 | €19,832 | -€7,760 | -28.1% |
| Remuneration and social security | 454/9 | €2,180 | €2,599 | +€419 | +19.2% |
| Other amounts payable | 47/48 | €109,488 | €78,573 | -€30,914 | -28.2% |
| Accrued charges and deferred income | 492/3 | €0 | €55,000 | +€55,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €841 | €16,140 | +€15,299 | +1818.1% |
| Other operating charges | 640/8 | €505 | €583 | +€78 | +15.4% |
| Gross operating margin | 9900 | €159,592 | €644,077 | +€484,485 | +303.6% |
| Operating profit (loss) | 9901 | €158,246 | €627,354 | +€469,109 | +296.4% |
| Financial income | 75/76B | €6,727 | €13,297 | +€6,570 | +97.7% |
| Recurring financial income | 75 | €6,727 | €13,297 | +€6,570 | +97.7% |
| Financial charges | 65/66B | €140 | €135 | -€5 | -3.5% |
| Recurring financial charges | 65 | €140 | €135 | -€5 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €164,832 | €640,516 | +€475,684 | +288.6% |
| Income taxes | 67/77 | €36,618 | €152,525 | +€115,907 | +316.5% |
| Profit (loss) for the period | 9904 | €128,214 | €487,991 | +€359,777 | +280.6% |
| Transfer to tax-exempt reserves | 689 | €0 | €231,550 | +€231,550 | |
| Profit (loss) for the period to be appropriated | 9905 | €128,214 | €256,441 | +€128,227 | +100.0% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.