ORNI: 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.
ORNI
Largest movements
- Receivables within one year -€30,036
down €30,036 (-51.1%), from €58,766 to €28,730
of which Trade receivables: -€29,808
- Stocks and contracts -€1,342
down €1,342 (-12.0%), from €11,193 to €9,851
- Tangible fixed assets +€1,297
up €1,297 (+8.7%), from €14,951 to €16,247
- Profit (loss) carried forward -€19,361
down €19,361 (-3.1%), from -€628,256 to -€647,618
- Other debts -€15,557
down €15,557 (-12.5%), from €124,846 to €109,289
- Tax, wage and social debts +€13,706
up €13,706 (+7.2%), from €191,659 to €205,365
of which Taxes: +€16,361
- Trade debts -€10,706
down €10,706 (-6.5%), from €164,106 to €153,400
- Debts after one year -€7,529
down €7,529 (-4.5%), from €167,197 to €159,668
- Gross operating margin +€64,836
up €64,836 (+23.2%), from €279,566 to €344,402
- Staff costs -€41,815
down €41,815 (-12.0%), from €348,907 to €307,091
- Other operating charges +€15,020
up €15,020 (+66.8%), from €22,469 to €37,488
- Financial charges +€6,100
up €6,100 (+59.6%), from €10,237 to €16,337
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €99,854 | €69,963 | -€29,891 | -29.9% |
| Fixed assets | 21/28 | €14,951 | €16,247 | +€1,297 | +8.7% |
| Tangible fixed assets | 22/27 | €14,951 | €16,247 | +€1,297 | +8.7% |
| Plant, machinery and equipment | 23 | €14,951 | €16,247 | +€1,297 | +8.7% |
| Current assets | 29/58 | €84,903 | €53,716 | -€31,187 | -36.7% |
| Stocks and contracts in progress | 3 | €11,193 | €9,851 | -€1,342 | -12.0% |
| Stocks | 30/36 | €11,193 | €9,851 | -€1,342 | -12.0% |
| Amounts receivable within one year | 40/41 | €58,766 | €28,730 | -€30,036 | -51.1% |
| Trade receivables | 40 | €56,562 | €26,754 | -€29,808 | -52.7% |
| Other amounts receivable | 41 | €2,204 | €1,976 | -€228 | -10.3% |
| Cash at bank and in hand | 54/58 | €14,818 | €14,267 | -€552 | -3.7% |
| Deferred charges and accrued income | 490/1 | €125 | €868 | +€743 | +595% |
| Total equity and liabilities | 10/49 | €99,854 | €69,963 | -€29,891 | -29.9% |
| Equity | 10/15 | -€566,256 | -€585,618 | -€19,361 | -3.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€628,256 | -€647,618 | -€19,361 | -3.1% |
| Amounts payable | 17/49 | €666,110 | €655,581 | -€10,529 | -1.6% |
| Amounts payable after more than one year | 17 | €167,197 | €159,668 | -€7,529 | -4.5% |
| Other amounts payable | 178/9 | €167,197 | €159,668 | -€7,529 | -4.5% |
| Amounts payable within one year | 42/48 | €494,822 | €484,841 | -€9,981 | -2.0% |
| Financial debts | 43 | €14,211 | €16,787 | +€2,576 | +18.1% |
| Credit institutions | 430/8 | €14,211 | €16,787 | +€2,576 | +18.1% |
| Trade debts | 44 | €164,106 | €153,400 | -€10,706 | -6.5% |
| Suppliers | 440/4 | €164,106 | €153,400 | -€10,706 | -6.5% |
| Taxes, remuneration and social security | 45 | €191,659 | €205,365 | +€13,706 | +7.2% |
| Taxes | 450/3 | €96,592 | €112,953 | +€16,361 | +16.9% |
| Remuneration and social security | 454/9 | €95,067 | €92,412 | -€2,655 | -2.8% |
| Other amounts payable | 47/48 | €124,846 | €109,289 | -€15,557 | -12.5% |
| Accrued charges and deferred income | 492/3 | €4,091 | €11,072 | +€6,981 | +171% |
| Remuneration, social security and pensions | 62 | €348,907 | €307,091 | -€41,815 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,500 | €2,842 | -€658 | -18.8% |
| Other operating charges | 640/8 | €22,469 | €37,488 | +€15,020 | +66.8% |
| Gross operating margin | 9900 | €279,566 | €344,402 | +€64,836 | +23.2% |
| Operating profit (loss) | 9901 | -€95,310 | -€3,020 | +€92,289 | +96.8% |
| Financial income | 75/76B | €13 | €256 | +€243 | +1,866% |
| Recurring financial income | 75 | €13 | €256 | +€243 | +1,866% |
| Financial charges | 65/66B | €10,237 | €16,337 | +€6,100 | +59.6% |
| Recurring financial charges | 65 | €10,237 | €16,337 | +€6,100 | +59.6% |
| Profit (loss) for the period before taxes | 9903 | -€105,534 | -€19,102 | +€86,432 | +81.9% |
| Income taxes | 67/77 | €255 | €259 | +€4 | +1.7% |
| Profit (loss) for the period | 9904 | -€105,789 | -€19,361 | +€86,428 | +81.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€105,789 | -€19,361 | +€86,428 | +81.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.