ORNETT: 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.
ORNETT
Largest movements
- Cash +€64,863
up €64,863 (+274%), from €23,683 to €88,546
mainly Net result for the year (+€66,902) and Trade debts (+€30,426)
- Receivables within one year +€30,387
up €30,387 (+88.7%), from €34,250 to €64,637
of which Trade receivables: +€33,753
- Tangible fixed assets +€1,986
up €1,986 (+19.7%), from €10,085 to €12,071
of which Furniture and vehicles: +€2,583
- Profit (loss) carried forward +€66,902
up €66,902 (+130%), from €51,286 to €118,188
- Trade debts +€30,426
up €30,426 (+3,211%), from €948 to €31,374
- Current portion of long-term debt +€1,682
new in 2025: €1,682
- Gross operating margin +€21,821
up €21,821 (+33.3%), from €65,500 to €87,320
- Taxes +€5,008
up €5,008 (+35.9%), from €13,946 to €18,954
- Depreciation +€944
up €944 (+451%), from €210 to €1,154
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 | €68,198 | €166,147 | +€97,949 | +144% |
| Fixed assets | 21/28 | €10,085 | €12,071 | +€1,986 | +19.7% |
| Tangible fixed assets | 22/27 | €10,085 | €12,071 | +€1,986 | +19.7% |
| Furniture and vehicles | 24 | €1,163 | €3,746 | +€2,583 | +222% |
| Other tangible fixed assets | 26 | €8,922 | €8,326 | -€597 | -6.7% |
| Current assets | 29/58 | €58,113 | €154,076 | +€95,963 | +165% |
| Amounts receivable within one year | 40/41 | €34,250 | €64,637 | +€30,387 | +88.7% |
| Trade receivables | 40 | €29,887 | €63,640 | +€33,753 | +113% |
| Other amounts receivable | 41 | €4,363 | €997 | -€3,367 | -77.2% |
| Cash at bank and in hand | 54/58 | €23,683 | €88,546 | +€64,863 | +274% |
| Deferred charges and accrued income | 490/1 | €179 | €892 | +€713 | +398% |
| Total equity and liabilities | 10/49 | €68,198 | €166,147 | +€97,949 | +144% |
| Equity | 10/15 | €52,286 | €119,188 | +€66,902 | +128% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €51,286 | €118,188 | +€66,902 | +130% |
| Amounts payable | 17/49 | €15,912 | €46,959 | +€31,047 | +195% |
| Amounts payable within one year | 42/48 | €15,912 | €46,959 | +€31,047 | +195% |
| Current portion of amounts payable after more than one year | 42 | - | €1,682 | +€1,682 | |
| Trade debts | 44 | €948 | €31,374 | +€30,426 | +3,211% |
| Suppliers | 440/4 | €948 | €31,374 | +€30,426 | +3,211% |
| Taxes, remuneration and social security | 45 | €14,964 | €13,903 | -€1,061 | -7.1% |
| Taxes | 450/3 | €14,964 | €13,903 | -€1,061 | -7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210 | €1,154 | +€944 | +451% |
| Gross operating margin | 9900 | €65,500 | €87,320 | +€21,821 | +33.3% |
| Operating profit (loss) | 9901 | €65,290 | €86,167 | +€20,876 | +32.0% |
| Financial charges | 65/66B | €57 | €311 | +€254 | +441% |
| Recurring financial charges | 65 | €57 | €311 | +€254 | +441% |
| Profit (loss) for the period before taxes | 9903 | €65,233 | €85,856 | +€20,623 | +31.6% |
| Income taxes | 67/77 | €13,946 | €18,954 | +€5,008 | +35.9% |
| Profit (loss) for the period | 9904 | €51,286 | €66,902 | +€15,615 | +30.4% |
| Profit (loss) for the period to be appropriated | 9905 | €51,286 | €66,902 | +€15,615 | +30.4% |
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 14 October 2026 via checked.be.