ORNUS: 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.
ORNUS
Largest movements
- Cash +€6.7m
up €6.7m (+5,209%), from €129,265 to €6.9m
mainly Net result for the year (+€4.2m) and Current investments (+€1.8m)
- Current investments -€1.8m
down €1.8m (-94.5%), from €1.9m to €103,884
- Receivables within one year -€264,840
down €264,840 (-41.0%), from €645,750 to €380,909
of which Other amounts receivable: -€246,796
- Tangible fixed assets -€258,753
down €258,753 (-5.2%), from €5.0m to €4.8m
of which Land and buildings: -€251,242
- Reserves +€4.2m
up €4.2m (+56.1%), from €7.4m to €11.6m
of which Distributable reserves: +€3.2m
- Other debts +€251,255
up €251,255 (+141%), from €177,806 to €429,061
- Gross operating margin +€562,043
up €562,043 (+10.9%), from €5.2m to €5.7m
- Taxes +€165,742
up €165,742 (+13.7%), from €1.2m to €1.4m
- Financial income +€120,385
up €120,385 (+23,591%), from €510 to €120,896
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 | €7,691,134 | €12,103,457 | +€4.4m | +57.4% |
| Fixed assets | 21/28 | €5,013,658 | €4,754,905 | -€258,753 | -5.2% |
| Tangible fixed assets | 22/27 | €5,013,658 | €4,754,905 | -€258,753 | -5.2% |
| Land and buildings | 22 | €4,981,047 | €4,729,805 | -€251,242 | -5.0% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €32,611 | €25,101 | -€7,510 | -23.0% |
| Current assets | 29/58 | €2,677,475 | €7,348,551 | +€4.7m | +174% |
| Amounts receivable within one year | 40/41 | €645,750 | €380,909 | -€264,840 | -41.0% |
| Trade receivables | 40 | €68,708 | €50,664 | -€18,044 | -26.3% |
| Other amounts receivable | 41 | €577,042 | €330,245 | -€246,796 | -42.8% |
| Current investments | 50/53 | €1,900,000 | €103,884 | -€1.8m | -94.5% |
| Cash at bank and in hand | 54/58 | €129,265 | €6,862,470 | +€6.7m | +5,209% |
| Deferred charges and accrued income | 490/1 | €2,461 | €1,288 | -€1,173 | -47.6% |
| Total equity and liabilities | 10/49 | €7,691,134 | €12,103,457 | +€4.4m | +57.4% |
| Equity | 10/15 | €7,442,221 | €11,607,219 | +€4.2m | +56.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,423,621 | €11,588,619 | +€4.2m | +56.1% |
| Tax-exempt reserves | 132 | €1,418,770 | €2,416,540 | +€997,770 | +70.3% |
| Distributable reserves | 133 | €6,004,851 | €9,172,079 | +€3.2m | +52.7% |
| Amounts payable | 17/49 | €248,912 | €496,238 | +€247,326 | +99.4% |
| Amounts payable within one year | 42/48 | €248,912 | €496,238 | +€247,326 | +99.4% |
| Trade debts | 44 | €1,714 | €6,367 | +€4,653 | +271% |
| Suppliers | 440/4 | €1,714 | €6,367 | +€4,653 | +271% |
| Taxes, remuneration and social security | 45 | €69,392 | €60,810 | -€8,582 | -12.4% |
| Taxes | 450/3 | €69,392 | €60,810 | -€8,582 | -12.4% |
| Other amounts payable | 47/48 | €177,806 | €429,061 | +€251,255 | +141% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €260,782 | €261,137 | +€355 | +0.1% |
| Other operating charges | 640/8 | €48,161 | €48,391 | +€230 | +0.5% |
| Gross operating margin | 9900 | €5,177,232 | €5,739,275 | +€562,043 | +10.9% |
| Operating profit (loss) | 9901 | €4,868,289 | €5,429,747 | +€561,459 | +11.5% |
| Financial income | 75/76B | €510 | €120,896 | +€120,385 | +23,591% |
| Recurring financial income | 75 | €510 | €120,896 | +€120,385 | +23,591% |
| Financial charges | 65/66B | €12,910 | €12,903 | -€7 | -0.1% |
| Recurring financial charges | 65 | €12,910 | €12,903 | -€7 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €4,855,889 | €5,537,740 | +€681,851 | +14.0% |
| Income taxes | 67/77 | €1,207,000 | €1,372,742 | +€165,742 | +13.7% |
| Profit (loss) for the period | 9904 | €3,648,889 | €4,164,998 | +€516,109 | +14.1% |
| Transfer to tax-exempt reserves | 689 | €997,770 | €997,770 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €2,651,119 | €3,167,228 | +€516,109 | +19.5% |
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 13 October 2026 via checked.be.