ORNIPA: 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.
ORNIPA
Largest movements
- Cash -€29,183
down €29,183 (-67.5%), from €43,249 to €14,066
mainly Trade debts (-€36,433) and Receivables within one year (-€7,745)
- Receivables within one year +€7,745
up €7,745 (+8.9%), from €86,561 to €94,306
of which Trade receivables: +€20,365
- Trade debts -€36,433
down €36,433 (-83.7%), from €43,527 to €7,095
- Other debts +€10,258
new in 2025: €10,258
- Profit (loss) carried forward +€8,172
up €8,172 (+5.3%), from €154,589 to €162,761
- Staff costs +€9,611
up €9,611 (+11.9%), from €80,704 to €90,315
- Gross operating margin +€5,100
up €5,100 (+4.9%), from €104,254 to €109,354
- Other operating charges -€1,282
down €1,282 (-30.6%), from €4,190 to €2,908
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 | €236,272 | €213,924 | -€22,348 | -9.5% |
| Fixed assets | 21/28 | €43,112 | €41,050 | -€2,062 | -4.8% |
| Tangible fixed assets | 22/27 | €43,112 | €41,050 | -€2,062 | -4.8% |
| Land and buildings | 22 | €34,225 | €32,122 | -€2,103 | -6.1% |
| Furniture and vehicles | 24 | €8,887 | €8,928 | +€41 | +0.5% |
| Current assets | 29/58 | €193,160 | €172,873 | -€20,286 | -10.5% |
| Stocks and contracts in progress | 3 | €59,671 | €58,690 | -€981 | -1.6% |
| Stocks | 30/36 | €59,671 | €58,690 | -€981 | -1.6% |
| Amounts receivable within one year | 40/41 | €86,561 | €94,306 | +€7,745 | +8.9% |
| Trade receivables | 40 | €73,660 | €94,025 | +€20,365 | +27.6% |
| Other amounts receivable | 41 | €12,900 | €281 | -€12,619 | -97.8% |
| Cash at bank and in hand | 54/58 | €43,249 | €14,066 | -€29,183 | -67.5% |
| Deferred charges and accrued income | 490/1 | €3,678 | €5,811 | +€2,133 | +58.0% |
| Total equity and liabilities | 10/49 | €236,272 | €213,924 | -€22,348 | -9.5% |
| Equity | 10/15 | €175,041 | €183,212 | +€8,172 | +4.7% |
| Reserves | 13 | €20,451 | €20,451 | -€0 | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | -€0 | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | -€0 | 0.0% |
| Distributable reserves | 133 | €18,592 | €18,592 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,589 | €162,761 | +€8,172 | +5.3% |
| Amounts payable | 17/49 | €61,231 | €30,711 | -€30,520 | -49.8% |
| Amounts payable after more than one year | 17 | €6,766 | €4,452 | -€2,313 | -34.2% |
| Financial debts | 170/4 | €6,766 | €4,452 | -€2,313 | -34.2% |
| Amounts payable within one year | 42/48 | €54,466 | €26,259 | -€28,207 | -51.8% |
| Trade debts | 44 | €43,527 | €7,095 | -€36,433 | -83.7% |
| Suppliers | 440/4 | €43,527 | €7,095 | -€36,433 | -83.7% |
| Taxes, remuneration and social security | 45 | €10,939 | €8,906 | -€2,032 | -18.6% |
| Taxes | 450/3 | €3,390 | €5,020 | +€1,629 | +48.1% |
| Remuneration and social security | 454/9 | €7,548 | €3,887 | -€3,662 | -48.5% |
| Other amounts payable | 47/48 | - | €10,258 | +€10,258 | |
| Remuneration, social security and pensions | 62 | €80,704 | €90,315 | +€9,611 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,814 | €4,814 | = | 0.0% |
| Other operating charges | 640/8 | €4,190 | €2,908 | -€1,282 | -30.6% |
| Gross operating margin | 9900 | €104,254 | €109,354 | +€5,100 | +4.9% |
| Operating profit (loss) | 9901 | €14,546 | €11,317 | -€3,229 | -22.2% |
| Financial charges | 65/66B | €567 | €421 | -€146 | -25.8% |
| Recurring financial charges | 65 | €567 | €421 | -€146 | -25.8% |
| Profit (loss) for the period before taxes | 9903 | €13,979 | €10,896 | -€3,083 | -22.1% |
| Income taxes | 67/77 | €2,796 | €2,724 | -€72 | -2.6% |
| Profit (loss) for the period | 9904 | €11,183 | €8,172 | -€3,011 | -26.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,183 | €8,172 | -€3,011 | -26.9% |
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 21 October 2026 via checked.be.