ORMOND: 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.
What changed
ORMOND
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€272,032
2024 · €17,334+€254,698
Equity
€1.4m
2024 · €1.4m+€72,032
Cash
€52,445
2024 · €270,999-€218,554
Balance sheet total
€12.4m
2024 · €12.0m+€362,754
Largest movements
Assets
- Receivables within one year +€1.8m
up €1.8m (+798%), from €222,422 to €2.0m
of which Other amounts receivable: +€1.5m
- Tangible fixed assets -€758,685
down €758,685 (-8.6%), from €8.8m to €8.0m
of which Land and buildings: -€754,813
- Stocks and contracts -€724,045
down €724,045 (-74.9%), from €966,090 to €242,045
- Financial fixed assets +€287,500
up €287,500 (+16.1%), from €1.8m to €2.1m
- Cash -€218,554
down €218,554 (-80.6%), from €270,999 to €52,445
mainly Receivables within one year (-€1.8m) and Short-term financial debts (-€1.1m)
Equity and liabilities
- Other debts +€1.4m
up €1.4m (+138%), from €1.0m to €2.4m
- Short-term financial debts -€1.1m
down €1.1m (-41.9%), from €2.6m to €1.5m
- Debts after one year -€133,700
down €133,700 (-2.2%), from €6.1m to €6.0m
Income statement
- Write-downs +€165,854
up €165,854 (+932%), from €17,786 to €183,640
- Gross operating margin +€120,751
up €120,751 (+8.0%), from €1.5m to €1.6m
- Other operating charges -€73,158
down €73,158 (-28.7%), from €254,646 to €181,488
- Taxes +€30,792
up €30,792 (+360%), from €8,549 to €39,342
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.
Result 2024
€17,334
Gross operating margin
+€120,751
Depreciation
-€1,149
Write-downs
-€165,854
Other operating charges
+€73,158
Other operating items
+€250,802
Financial income
+€1
Financial charges
+€6,374
Taxes
-€30,792
Deferred taxes and other
+€1,406
Result 2025
€272,032
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.3m
Investment
-€157,756
Financing
-€1.3m
Cash 2024
€270,999
From operations (derived)
+€1.3m
Net result for the year
+€272,032
Depreciation
+€628,941
Stocks and contracts
+€724,045
Receivables within one year
-€1.8m
Smaller working-capital items
-€3,183
Trade debts
-€7,025
Tax, wage and social debts
+€14,840
Other debts
+€1.4m
Accrued charges and deferred income
-€8,612
Investment (derived)
-€157,756
Investment in fixed assets (net)
-€157,756
Financing
-€1.3m
Debts after one year
-€133,700
Current portion of long-term debt
+€89,545
Short-term financial debts
-€1.1m
Contributions, distributions and other
-€200,000
Cash 2025
€52,445
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,035,636 | €12,398,390 | +€362,754 | +3.0% |
| Fixed assets | 21/28 | €10,576,124 | €10,104,939 | -€471,185 | -4.5% |
| Tangible fixed assets | 22/27 | €8,791,213 | €8,032,528 | -€758,685 | -8.6% |
| Land and buildings | 22 | €8,678,108 | €7,923,296 | -€754,813 | -8.7% |
| Furniture and vehicles | 24 | €113,105 | €109,232 | -€3,873 | -3.4% |
| Financial fixed assets | 28 | €1,784,911 | €2,072,411 | +€287,500 | +16.1% |
| Current assets | 29/58 | €1,459,512 | €2,293,451 | +€833,939 | +57.1% |
| Stocks and contracts in progress | 3 | €966,090 | €242,045 | -€724,045 | -74.9% |
| Stocks | 30/36 | €966,090 | €242,045 | -€724,045 | -74.9% |
| Amounts receivable within one year | 40/41 | €222,422 | €1,997,184 | +€1.8m | +798% |
| Trade receivables | 40 | €134,106 | €451,620 | +€317,514 | +237% |
| Other amounts receivable | 41 | €88,317 | €1,545,564 | +€1.5m | +1,650% |
| Cash at bank and in hand | 54/58 | €270,999 | €52,445 | -€218,554 | -80.6% |
| Deferred charges and accrued income | 490/1 | - | €1,777 | +€1,777 | |
| Total equity and liabilities | 10/49 | €12,035,636 | €12,398,390 | +€362,754 | +3.0% |
| Equity | 10/15 | €1,376,216 | €1,448,248 | +€72,032 | +5.2% |
| Contributions | 10/11 | €910,000 | €910,000 | = | 0.0% |
| Reserves | 13 | €122,305 | €118,086 | -€4,219 | -3.4% |
| Tax-exempt reserves | 132 | €120,445 | €116,226 | -€4,219 | -3.5% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €343,910 | €420,161 | +€76,251 | +22.2% |
| Provisions and deferred taxes | 16 | €74,303 | €72,897 | -€1,406 | -1.9% |
| Provisions for liabilities and charges | 160/5 | €34,155 | €34,155 | = | 0.0% |
| Pensions and similar obligations | 160 | €34,155 | €34,155 | = | 0.0% |
| Deferred taxes | 168 | €40,148 | €38,742 | -€1,406 | -3.5% |
| Amounts payable | 17/49 | €10,585,116 | €10,877,245 | +€292,129 | +2.8% |
| Amounts payable after more than one year | 17 | €6,087,481 | €5,953,781 | -€133,700 | -2.2% |
| Financial debts | 170/4 | €6,087,481 | €5,953,781 | -€133,700 | -2.2% |
| Amounts payable within one year | 42/48 | €4,439,905 | €4,874,346 | +€434,441 | +9.8% |
| Current portion of amounts payable after more than one year | 42 | €630,016 | €719,561 | +€89,545 | +14.2% |
| Financial debts | 43 | €2,561,957 | €1,488,000 | -€1.1m | -41.9% |
| Credit institutions | 430/8 | €2,561,957 | €1,488,000 | -€1.1m | -41.9% |
| Trade debts | 44 | €180,261 | €173,237 | -€7,025 | -3.9% |
| Suppliers | 440/4 | €180,261 | €173,237 | -€7,025 | -3.9% |
| Taxes, remuneration and social security | 45 | €42,707 | €57,547 | +€14,840 | +34.7% |
| Taxes | 450/3 | €42,707 | €57,547 | +€14,840 | +34.7% |
| Other amounts payable | 47/48 | €1,024,964 | €2,436,002 | +€1.4m | +138% |
| Accrued charges and deferred income | 492/3 | €57,731 | €49,118 | -€8,612 | -14.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €627,792 | €628,941 | +€1,149 | +0.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,786 | €183,640 | +€165,854 | +932% |
| Other operating charges | 640/8 | €254,646 | €181,488 | -€73,158 | -28.7% |
| Non-recurring operating charges | 66A | €254,050 | €3,248 | -€250,802 | -98.7% |
| Gross operating margin | 9900 | €1,516,692 | €1,637,443 | +€120,751 | +8.0% |
| Operating profit (loss) | 9901 | €362,418 | €640,126 | +€277,708 | +76.6% |
| Financial income | 75/76B | €0 | €1 | +€1 | +555% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +555% |
| Financial charges | 65/66B | €336,535 | €330,161 | -€6,374 | -1.9% |
| Recurring financial charges | 65 | €336,535 | €330,161 | -€6,374 | -1.9% |
| Profit (loss) for the period before taxes | 9903 | €25,884 | €309,967 | +€284,084 | +1,098% |
| Transfer from deferred taxes | 780 | - | €1,406 | +€1,406 | |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | €8,549 | €39,342 | +€30,792 | +360% |
| Profit (loss) for the period | 9904 | €17,334 | €272,032 | +€254,698 | +1,469% |
| Transfer from tax-exempt reserves | 789 | - | €4,219 | +€4,219 | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €17,334 | €276,251 | +€258,916 | +1,494% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.