ORNINA GROUP: what changed
ORNINA GROUP
Largest movements
- Receivables within one year -€24,127
down €24,127 (-17.6%), from €137,251 to €113,125
of which Trade receivables: -€27,379
- Deferred charges and accrued income +€13,338
new in 2025: €13,338
- Tangible fixed assets -€4,003
down €4,003 (-24.7%), from €16,183 to €12,180
of which Other tangible fixed assets: -€2,822
- Stocks and contracts +€3,668
up €3,668 (+200%), from €1,832 to €5,500
- Cash -€2,120
down €2,120 (-38.5%), from €5,506 to €3,386
mainly Advances received (-€34,600) and Deferred charges and accrued income (-€13,338)
- Advances received -€34,600
down €34,600 (-51.4%), from €67,250 to €32,650
- Other debts +€10,741
up €10,741 (+15.3%), from €70,267 to €81,008
- Tax, wage and social debts +€7,450
up €7,450 (+219%), from €3,397 to €10,847
of which Taxes: +€5,096
- Profit (loss) carried forward +€5,795
up €5,795 (+142%), from €4,067 to €9,862
- Purchases and services -€12,646
down €12,646 (-16.4%), from €76,899 to €64,254
- Gross operating margin +€10,500
up €10,500 (+480%), from €2,187 to €12,687
- Taxes +€8,822
up €8,822, from -€4,257 to €4,566
- Staff costs -€4,423
no longer reported in 2025 (was €4,423)
- Depreciation +€4,003
new in 2025: €4,003
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €165,573 | €152,329 | -€13,243 | -8.0% |
| Fixed assets | 21/28 | €20,983 | €16,980 | -€4,003 | -19.1% |
| Tangible fixed assets | 22/27 | €16,183 | €12,180 | -€4,003 | -24.7% |
| Plant, machinery and equipment | 23 | €2,086 | €905 | -€1,181 | -56.6% |
| Other tangible fixed assets | 26 | €14,097 | €11,275 | -€2,822 | -20.0% |
| Financial fixed assets | 28 | €4,800 | €4,800 | = | 0.0% |
| Current assets | 29/58 | €144,589 | €135,349 | -€9,240 | -6.4% |
| Stocks and contracts in progress | 3 | €1,832 | €5,500 | +€3,668 | +200% |
| Stocks | 30/36 | €1,832 | €5,500 | +€3,668 | +200% |
| Amounts receivable within one year | 40/41 | €137,251 | €113,125 | -€24,127 | -17.6% |
| Trade receivables | 40 | €71,945 | €44,566 | -€27,379 | -38.1% |
| Other amounts receivable | 41 | €65,306 | €68,559 | +€3,253 | +5.0% |
| Cash at bank and in hand | 54/58 | €5,506 | €3,386 | -€2,120 | -38.5% |
| Deferred charges and accrued income | 490/1 | - | €13,338 | +€13,338 | |
| Total equity and liabilities | 10/49 | €165,573 | €152,329 | -€13,243 | -8.0% |
| Equity | 10/15 | €4,767 | €10,562 | +€5,795 | +122% |
| Contributions | 10/11 | €700 | €700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,067 | €9,862 | +€5,795 | +142% |
| Amounts payable | 17/49 | €160,805 | €141,767 | -€19,039 | -11.8% |
| Amounts payable within one year | 42/48 | €160,805 | €141,767 | -€19,039 | -11.8% |
| Current portion of amounts payable after more than one year | 42 | €1,918 | €800 | -€1,117 | -58.3% |
| Trade debts | 44 | €17,974 | €16,461 | -€1,513 | -8.4% |
| Suppliers | 440/4 | €17,974 | €16,461 | -€1,513 | -8.4% |
| Advances received on contracts in progress | 46 | €67,250 | €32,650 | -€34,600 | -51.4% |
| Taxes, remuneration and social security | 45 | €3,397 | €10,847 | +€7,450 | +219% |
| Taxes | 450/3 | €948 | €6,044 | +€5,096 | +537% |
| Remuneration and social security | 454/9 | €2,449 | €4,803 | +€2,354 | +96.1% |
| Other amounts payable | 47/48 | €70,267 | €81,008 | +€10,741 | +15.3% |
| Turnover | 70 | €76,146 | €76,897 | +€751 | +1.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €76,899 | €64,254 | -€12,646 | -16.4% |
| Remuneration, social security and pensions | 62 | €4,423 | - | -€4,423 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,003 | +€4,003 | |
| Other operating charges | 640/8 | €1,165 | €953 | -€212 | -18.2% |
| Gross operating margin | 9900 | €2,187 | €12,687 | +€10,500 | +480% |
| Operating profit (loss) | 9901 | -€3,400 | €7,731 | +€11,132 | |
| Financial income | 75/76B | €36 | €3,656 | +€3,619 | +9,932% |
| Recurring financial income | 75 | €36 | €3,656 | +€3,619 | +9,932% |
| Financial charges | 65/66B | €695 | €1,026 | +€331 | +47.7% |
| Recurring financial charges | 65 | €695 | €1,026 | +€331 | +47.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,059 | €10,361 | +€14,420 | |
| Income taxes | 67/77 | -€4,257 | €4,566 | +€8,822 | |
| Profit (loss) for the period | 9904 | €198 | €5,795 | +€5,597 | +2,831% |
| Profit (loss) for the period to be appropriated | 9905 | €198 | €5,795 | +€5,597 | +2,831% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.