ORN: what changed
Two fiscal 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.
ORN
Largest movements
- Tangible fixed assets +€36,129
up €36,129 (+619.4%), from €5,833 to €41,962
- Cash +€7,437
up €7,437 (+246.4%), from €3,019 to €10,456
mainly Other debts (+€137,504) and Depreciation (+€9,032)
- Receivables within one year -€4,974
down €4,974 (-3.6%), from €139,609 to €134,635
of which Trade receivables: -€7,366
- Stocks and contracts -€2,800
down €2,800 (-8.7%), from €32,100 to €29,300
- Other debts +€137,504
up €137,504 (+346.3%), from €39,711 to €177,214
- Trade debts -€94,214
down €94,214 (-88.5%), from €106,481 to €12,267
- Tax, wage and social debts -€7,915
down €7,915 (-26.7%), from €29,595 to €21,680
of which Remuneration and social security: -€8,932
- Gross operating margin +€46,858
up €46,858 (+192.9%), from €24,285 to €71,143
- Turnover +€40,934
up €40,934 (+12.1%), from €337,929 to €378,863
- Staff costs +€39,180
up €39,180 (+180.9%), from €21,654 to €60,834
- Depreciation +€7,782
up €7,782 (+622.6%), from €1,250 to €9,032
- Purchases and services -€5,141
down €5,141 (-1.6%), from €316,643 to €311,503
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.
Cash bridge derived
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 | €180,903 | €216,717 | +€35,813 | +19.8% |
| Fixed assets | 21/28 | €5,833 | €41,962 | +€36,129 | +619.4% |
| Tangible fixed assets | 22/27 | €5,833 | €41,962 | +€36,129 | +619.4% |
| Furniture and vehicles | 24 | €5,833 | €41,962 | +€36,129 | +619.4% |
| Current assets | 29/58 | €175,070 | €174,754 | -€316 | -0.2% |
| Stocks and contracts in progress | 3 | €32,100 | €29,300 | -€2,800 | -8.7% |
| Stocks | 30/36 | €32,100 | €29,300 | -€2,800 | -8.7% |
| Amounts receivable within one year | 40/41 | €139,609 | €134,635 | -€4,974 | -3.6% |
| Trade receivables | 40 | €138,666 | €131,299 | -€7,366 | -5.3% |
| Other amounts receivable | 41 | €944 | €3,336 | +€2,392 | +253.5% |
| Cash at bank and in hand | 54/58 | €3,019 | €10,456 | +€7,437 | +246.4% |
| Deferred charges and accrued income | 490/1 | €342 | €364 | +€21 | +6.2% |
| Total equity and liabilities | 10/49 | €180,903 | €216,717 | +€35,813 | +19.8% |
| Equity | 10/15 | €5,116 | €5,556 | +€439 | +8.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,116 | €3,556 | +€439 | +14.1% |
| Amounts payable | 17/49 | €175,787 | €211,161 | +€35,374 | +20.1% |
| Amounts payable within one year | 42/48 | €175,787 | €211,161 | +€35,374 | +20.1% |
| Trade debts | 44 | €106,481 | €12,267 | -€94,214 | -88.5% |
| Suppliers | 440/4 | €106,481 | €12,267 | -€94,214 | -88.5% |
| Taxes, remuneration and social security | 45 | €29,595 | €21,680 | -€7,915 | -26.7% |
| Taxes | 450/3 | €115 | €1,132 | +€1,017 | +885.5% |
| Remuneration and social security | 454/9 | €29,480 | €20,548 | -€8,932 | -30.3% |
| Other amounts payable | 47/48 | €39,711 | €177,214 | +€137,504 | +346.3% |
| Turnover | 70 | €337,929 | €378,863 | +€40,934 | +12.1% |
| Non-recurring operating income | 76A | €3,000 | €3,783 | +€783 | +26.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €316,643 | €311,503 | -€5,141 | -1.6% |
| Remuneration, social security and pensions | 62 | €21,654 | €60,834 | +€39,180 | +180.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,250 | €9,032 | +€7,782 | +622.6% |
| Other operating charges | 640/8 | €408 | €626 | +€217 | +53.2% |
| Gross operating margin | 9900 | €24,285 | €71,143 | +€46,858 | +192.9% |
| Operating profit (loss) | 9901 | €973 | €651 | -€322 | -33.1% |
| Financial charges | 65/66B | €399 | €74 | -€325 | -81.4% |
| Recurring financial charges | 65 | €399 | €74 | -€325 | -81.4% |
| Profit (loss) for the period before taxes | 9903 | €574 | €577 | +€2 | +0.4% |
| Income taxes | 67/77 | €194 | €137 | -€56 | -29.1% |
| Profit (loss) for the period | 9904 | €380 | €439 | +€59 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €380 | €439 | +€59 | +15.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.