ORNELLA DOEVI: 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.
ORNELLA DOEVI
Largest movements
- Cash +€11,476
up €11,476 (+187%), from €6,140 to €17,616
mainly Net result for the year (+€13,555) and Deferred charges and accrued income (+€3,407)
- Deferred charges and accrued income -€3,407
down €3,407 (-23.7%), from €14,365 to €10,959
- Tangible fixed assets +€656
new in 2025: €656
- Profit (loss) carried forward +€13,555
up €13,555 (+2,461%), from €551 to €14,106
- Other debts -€3,758
down €3,758 (-32.9%), from €11,434 to €7,676
- Tax, wage and social debts -€1,073
down €1,073 (-18.3%), from €5,864 to €4,791
- Gross operating margin +€19,805
up €19,805 (+930%), from €2,130 to €21,935
- Taxes +€4,132
up €4,132 (+1,253%), from €330 to €4,461
- Other operating charges +€768
up €768 (+625%), from €123 to €891
- Depreciation +€553
new in 2025: €553
- Financial charges -€355
down €355 (-12.5%), from €2,829 to €2,475
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 | €20,506 | €29,231 | +€8,725 | +42.5% |
| Fixed assets | 21/28 | - | €656 | +€656 | |
| Tangible fixed assets | 22/27 | - | €656 | +€656 | |
| Furniture and vehicles | 24 | - | €656 | +€656 | |
| Current assets | 29/58 | €20,506 | €28,575 | +€8,069 | +39.4% |
| Cash at bank and in hand | 54/58 | €6,140 | €17,616 | +€11,476 | +187% |
| Deferred charges and accrued income | 490/1 | €14,365 | €10,959 | -€3,407 | -23.7% |
| Total equity and liabilities | 10/49 | €20,506 | €29,231 | +€8,725 | +42.5% |
| Equity | 10/15 | €3,051 | €16,606 | +€13,555 | +444% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €551 | €14,106 | +€13,555 | +2,461% |
| Amounts payable | 17/49 | €17,455 | €12,625 | -€4,830 | -27.7% |
| Amounts payable within one year | 42/48 | €17,455 | €12,625 | -€4,830 | -27.7% |
| Trade debts | 44 | €157 | €158 | +€1 | +0.4% |
| Suppliers | 440/4 | €157 | €158 | +€1 | +0.4% |
| Taxes, remuneration and social security | 45 | €5,864 | €4,791 | -€1,073 | -18.3% |
| Taxes | 450/3 | €5,864 | €4,791 | -€1,073 | -18.3% |
| Other amounts payable | 47/48 | €11,434 | €7,676 | -€3,758 | -32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €553 | +€553 | |
| Other operating charges | 640/8 | €123 | €891 | +€768 | +625% |
| Gross operating margin | 9900 | €2,130 | €21,935 | +€19,805 | +930% |
| Operating profit (loss) | 9901 | €2,007 | €20,491 | +€18,484 | +921% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,829 | €2,475 | -€355 | -12.5% |
| Recurring financial charges | 65 | €2,829 | €2,475 | -€355 | -12.5% |
| Profit (loss) for the period before taxes | 9903 | -€822 | €18,016 | +€18,838 | |
| Income taxes | 67/77 | €330 | €4,461 | +€4,132 | +1,253% |
| Profit (loss) for the period | 9904 | -€1,152 | €13,555 | +€14,707 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,152 | €13,555 | +€14,707 |
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 29 October 2026 via checked.be.