ORODEL: 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.
ORODEL
Largest movements
- Receivables within one year +€15,463
up €15,463 (+311.9%), from €4,958 to €20,421
- Cash -€13,259
down €13,259 (-19.8%), from €66,931 to €53,672
mainly Receivables within one year (-€15,463) and Tax, wage and social debts (-€7,430)
- Tangible fixed assets -€4,589
down €4,589 (-8.4%), from €54,408 to €49,819
of which Furniture and vehicles: -€5,476
- Reserves +€8,952
up €8,952 (+10.3%), from €86,555 to €95,506
- Tax, wage and social debts -€7,430
down €7,430 (-51.5%), from €14,427 to €6,997
- Other debts -€3,440
down €3,440 (-58.3%), from €5,905 to €2,465
- Gross operating margin -€21,535
down €21,535 (-49.4%), from €43,631 to €22,097
- Taxes -€12,897
down €12,897 (-86.7%), from €14,880 to €1,983
- Financial income -€12,810
no longer reported in 2025 (was €12,810)
- Depreciation +€1,485
up €1,485 (+20.1%), from €7,381 to €8,866
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.
Cash bridge derived
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 | €126,296 | €123,938 | -€2,358 | -1.9% |
| Fixed assets | 21/28 | €54,408 | €49,819 | -€4,589 | -8.4% |
| Tangible fixed assets | 22/27 | €54,408 | €49,819 | -€4,589 | -8.4% |
| Land and buildings | 22 | €21,406 | €20,873 | -€533 | -2.5% |
| Plant, machinery and equipment | 23 | €621 | €2,042 | +€1,420 | +228.6% |
| Furniture and vehicles | 24 | €32,381 | €26,904 | -€5,476 | -16.9% |
| Current assets | 29/58 | €71,889 | €74,120 | +€2,231 | +3.1% |
| Amounts receivable within one year | 40/41 | €4,958 | €20,421 | +€15,463 | +311.9% |
| Trade receivables | 40 | €4,958 | €20,421 | +€15,463 | +311.9% |
| Cash at bank and in hand | 54/58 | €66,931 | €53,672 | -€13,259 | -19.8% |
| Deferred charges and accrued income | 490/1 | - | €27 | +€27 | |
| Total equity and liabilities | 10/49 | €126,296 | €123,938 | -€2,358 | -1.9% |
| Equity | 10/15 | €105,155 | €114,106 | +€8,952 | +8.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €86,555 | €95,506 | +€8,952 | +10.3% |
| Distributable reserves | 133 | €86,555 | €95,506 | +€8,952 | +10.3% |
| Amounts payable | 17/49 | €21,142 | €9,832 | -€11,310 | -53.5% |
| Amounts payable within one year | 42/48 | €21,142 | €9,832 | -€11,310 | -53.5% |
| Trade debts | 44 | €810 | €370 | -€440 | -54.3% |
| Suppliers | 440/4 | €810 | €370 | -€440 | -54.3% |
| Taxes, remuneration and social security | 45 | €14,427 | €6,997 | -€7,430 | -51.5% |
| Taxes | 450/3 | €14,427 | €6,997 | -€7,430 | -51.5% |
| Other amounts payable | 47/48 | €5,905 | €2,465 | -€3,440 | -58.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,381 | €8,866 | +€1,485 | +20.1% |
| Other operating charges | 640/8 | €1,372 | €1,024 | -€348 | -25.4% |
| Gross operating margin | 9900 | €43,631 | €22,097 | -€21,535 | -49.4% |
| Operating profit (loss) | 9901 | €34,878 | €12,206 | -€22,672 | -65.0% |
| Financial income | 75/76B | €12,810 | - | -€12,810 | |
| Recurring financial income | 75 | €12,810 | - | -€12,810 | |
| Financial charges | 65/66B | €549 | €439 | -€110 | -20.1% |
| Recurring financial charges | 65 | €165 | €252 | +€87 | +52.5% |
| Non-recurring financial charges | 66B | €384 | €187 | -€197 | -51.3% |
| Profit (loss) for the period before taxes | 9903 | €47,139 | €11,767 | -€35,372 | -75.0% |
| Income taxes | 67/77 | €14,880 | €1,983 | -€12,897 | -86.7% |
| Profit (loss) for the period | 9904 | €32,259 | €9,785 | -€22,474 | -69.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,259 | €9,785 | -€22,474 | -69.7% |
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 10 October 2026 via checked.be.