OROLOGIO: 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.
OROLOGIO
Largest movements
- Stocks and contracts -€159,780
down €159,780 (-27.9%), from €571,925 to €412,146
- Receivables within one year +€89,184
up €89,184 (+10.7%), from €836,362 to €925,546
of which Other amounts receivable: +€83,972
- Trade debts +€143,632
up €143,632 (+33.5%), from €428,701 to €572,333
- Other debts -€115,455
down €115,455 (-19.1%), from €604,475 to €489,020
- Current portion of long-term debt -€75,000
down €75,000 (-100%), from €75,000 to €0
- Profit (loss) carried forward -€23,798
down €23,798 (-96.6%), from €24,632 to €834
- Gross operating margin +€11,148
up €11,148 (+263%), from €4,234 to €15,381
- Financial charges +€6,616
up €6,616 (+64.5%), from €10,251 to €16,867
- Staff costs -€4,144
down €4,144 (-27.7%), from €14,977 to €10,833
- Depreciation -€3,062
down €3,062 (-47.9%), from €6,390 to €3,328
- Other operating charges +€1,127
up €1,127 (+87.7%), from €1,286 to €2,413
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 | €1,425,200 | €1,345,579 | -€79,621 | -5.6% |
| Fixed assets | 21/28 | €13,253 | €4,054 | -€9,200 | -69.4% |
| Tangible fixed assets | 22/27 | €13,253 | €4,054 | -€9,200 | -69.4% |
| Plant, machinery and equipment | 23 | €9,368 | €3,301 | -€6,067 | -64.8% |
| Furniture and vehicles | 24 | €1,039 | €753 | -€286 | -27.6% |
| Other tangible fixed assets | 26 | €2,846 | €0 | -€2,846 | -100% |
| Current assets | 29/58 | €1,411,947 | €1,341,526 | -€70,421 | -5.0% |
| Stocks and contracts in progress | 3 | €571,925 | €412,146 | -€159,780 | -27.9% |
| Stocks | 30/36 | €571,925 | €412,146 | -€159,780 | -27.9% |
| Amounts receivable within one year | 40/41 | €836,362 | €925,546 | +€89,184 | +10.7% |
| Trade receivables | 40 | €138,220 | €143,431 | +€5,211 | +3.8% |
| Other amounts receivable | 41 | €698,142 | €782,114 | +€83,972 | +12.0% |
| Cash at bank and in hand | 54/58 | €2,066 | €2,260 | +€195 | +9.4% |
| Deferred charges and accrued income | 490/1 | €1,594 | €1,574 | -€20 | -1.2% |
| Total equity and liabilities | 10/49 | €1,425,200 | €1,345,579 | -€79,621 | -5.6% |
| Equity | 10/15 | €297,314 | €273,517 | -€23,798 | -8.0% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Reserves | 13 | €24,789 | €24,789 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,789 | €24,789 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,632 | €834 | -€23,798 | -96.6% |
| Amounts payable | 17/49 | €1,127,886 | €1,072,063 | -€55,823 | -4.9% |
| Amounts payable within one year | 42/48 | €1,127,886 | €1,072,063 | -€55,823 | -4.9% |
| Current portion of amounts payable after more than one year | 42 | €75,000 | €0 | -€75,000 | -100% |
| Financial debts | 43 | €4,287 | €0 | -€4,287 | -100% |
| Credit institutions | 430/8 | €4,287 | €0 | -€4,287 | -100% |
| Trade debts | 44 | €428,701 | €572,333 | +€143,632 | +33.5% |
| Suppliers | 440/4 | €428,701 | €572,333 | +€143,632 | +33.5% |
| Taxes, remuneration and social security | 45 | €15,424 | €10,710 | -€4,714 | -30.6% |
| Taxes | 450/3 | €10,979 | €6 | -€10,973 | -99.9% |
| Remuneration and social security | 454/9 | €4,445 | €10,704 | +€6,259 | +141% |
| Other amounts payable | 47/48 | €604,475 | €489,020 | -€115,455 | -19.1% |
| Remuneration, social security and pensions | 62 | €14,977 | €10,833 | -€4,144 | -27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,390 | €3,328 | -€3,062 | -47.9% |
| Other operating charges | 640/8 | €1,286 | €2,413 | +€1,127 | +87.7% |
| Non-recurring operating charges | 66A | - | €5,872 | +€5,872 | |
| Gross operating margin | 9900 | €4,234 | €15,381 | +€11,148 | +263% |
| Operating profit (loss) | 9901 | -€18,419 | -€7,065 | +€11,354 | +61.6% |
| Financial income | 75/76B | €390 | €133 | -€257 | -65.8% |
| Recurring financial income | 75 | €390 | €133 | -€257 | -65.8% |
| Financial charges | 65/66B | €10,251 | €16,867 | +€6,616 | +64.5% |
| Recurring financial charges | 65 | €10,251 | €16,867 | +€6,616 | +64.5% |
| Profit (loss) for the period before taxes | 9903 | -€28,280 | -€23,798 | +€4,482 | +15.8% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€28,280 | -€23,798 | +€4,482 | +15.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€28,280 | -€23,798 | +€4,482 | +15.8% |
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 23 October 2026 via checked.be.