ORNATRIX: 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.
ORNATRIX
Largest movements
- Tangible fixed assets +€16,732
up €16,732 (+44.1%), from €37,949 to €54,681
of which Furniture and vehicles: +€21,598
- Deferred charges and accrued income -€8,384
down €8,384 (-65.2%), from €12,857 to €4,474
- Cash +€6,171
up €6,171 (+58.8%), from €10,502 to €16,673
mainly Tax, wage and social debts (+€76,353) and Depreciation (+€10,670)
- Stocks and contracts +€2,578
up €2,578 (+9.9%), from €25,926 to €28,504
- Tax, wage and social debts +€76,353
up €76,353 (+122.5%), from €62,344 to €138,696
of which Remuneration and social security: +€39,325
- Trade debts -€57,399
down €57,399 (-59.3%), from €96,767 to €39,368
- Current portion of long-term debt -€11,233
down €11,233 (-39.2%), from €28,650 to €17,417
- Profit (loss) carried forward +€4,685
up €4,685 (+1.9%), from -€242,234 to -€237,549
- Debts after one year +€3,076
up €3,076 (+3.0%), from €101,063 to €104,139
- Financial charges +€8,553
up €8,553 (+60.0%), from €14,251 to €22,804
- Gross operating margin +€4,026
up €4,026 (+1.7%), from €236,411 to €240,437
- Depreciation -€3,162
down €3,162 (-22.9%), from €13,832 to €10,670
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 | €97,589 | €113,929 | +€16,340 | +16.7% |
| Formation expenses | 20 | €1,340 | €618 | -€722 | -53.9% |
| Fixed assets | 21/28 | €37,949 | €54,681 | +€16,732 | +44.1% |
| Tangible fixed assets | 22/27 | €37,949 | €54,681 | +€16,732 | +44.1% |
| Plant, machinery and equipment | 23 | €1,193 | €1,333 | +€141 | +11.8% |
| Furniture and vehicles | 24 | €1,398 | €22,996 | +€21,598 | +1544.9% |
| Other tangible fixed assets | 26 | €35,358 | €30,352 | -€5,007 | -14.2% |
| Current assets | 29/58 | €58,300 | €58,631 | +€330 | +0.6% |
| Stocks and contracts in progress | 3 | €25,926 | €28,504 | +€2,578 | +9.9% |
| Stocks | 30/36 | €25,926 | €28,504 | +€2,578 | +9.9% |
| Amounts receivable within one year | 40/41 | €9,015 | €8,980 | -€35 | -0.4% |
| Trade receivables | 40 | €4,840 | €4,906 | +€66 | +1.4% |
| Other amounts receivable | 41 | €4,175 | €4,074 | -€101 | -2.4% |
| Cash at bank and in hand | 54/58 | €10,502 | €16,673 | +€6,171 | +58.8% |
| Deferred charges and accrued income | 490/1 | €12,857 | €4,474 | -€8,384 | -65.2% |
| Total equity and liabilities | 10/49 | €97,589 | €113,929 | +€16,340 | +16.7% |
| Equity | 10/15 | -€191,234 | -€186,549 | +€4,685 | +2.4% |
| Contributions | 10/11 | €51,000 | €51,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€242,234 | -€237,549 | +€4,685 | +1.9% |
| Amounts payable | 17/49 | €288,823 | €300,479 | +€11,655 | +4.0% |
| Amounts payable after more than one year | 17 | €101,063 | €104,139 | +€3,076 | +3.0% |
| Financial debts | 170/4 | €101,063 | €104,139 | +€3,076 | +3.0% |
| Amounts payable within one year | 42/48 | €187,760 | €196,340 | +€8,579 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €28,650 | €17,417 | -€11,233 | -39.2% |
| Trade debts | 44 | €96,767 | €39,368 | -€57,399 | -59.3% |
| Suppliers | 440/4 | €96,767 | €39,368 | -€57,399 | -59.3% |
| Taxes, remuneration and social security | 45 | €62,344 | €138,696 | +€76,353 | +122.5% |
| Taxes | 450/3 | €29,213 | €66,240 | +€37,027 | +126.8% |
| Remuneration and social security | 454/9 | €33,131 | €72,456 | +€39,325 | +118.7% |
| Other amounts payable | 47/48 | - | €858 | +€858 | |
| Remuneration, social security and pensions | 62 | €197,856 | €198,270 | +€415 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,832 | €10,670 | -€3,162 | -22.9% |
| Other operating charges | 640/8 | €2,970 | €4,064 | +€1,094 | +36.8% |
| Gross operating margin | 9900 | €236,411 | €240,437 | +€4,026 | +1.7% |
| Operating profit (loss) | 9901 | €21,754 | €27,433 | +€5,679 | +26.1% |
| Financial income | 75/76B | €93 | €62 | -€31 | -32.9% |
| Recurring financial income | 75 | €93 | €62 | -€31 | -32.9% |
| Financial charges | 65/66B | €14,251 | €22,804 | +€8,553 | +60.0% |
| Recurring financial charges | 65 | €14,251 | €22,804 | +€8,553 | +60.0% |
| Profit (loss) for the period before taxes | 9903 | €7,596 | €4,691 | -€2,905 | -38.2% |
| Income taxes | 67/77 | €0 | €6 | +€5 | +1517.1% |
| Profit (loss) for the period | 9904 | €7,595 | €4,685 | -€2,910 | -38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €7,595 | €4,685 | -€2,910 | -38.3% |
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 9 October 2026 via checked.be.