ORPECO: 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.
ORPECO
Largest movements
- Tangible fixed assets -€22,806
down €22,806 (-21.8%), from €104,389 to €81,583
- Cash +€2,524
up €2,524 (+430%), from €587 to €3,111
mainly Debts after one year (+€34,175) and Depreciation (+€22,806)
- Profit (loss) carried forward -€63,343
down €63,343 (-19.1%), from -€330,969 to -€394,313
- Debts after one year +€34,175
up €34,175 (+42.1%), from €81,188 to €115,362
- Trade debts +€8,887
up €8,887 (+170%), from €5,231 to €14,118
- Depreciation -€8,995
down €8,995 (-28.3%), from €31,801 to €22,806
- Gross operating margin +€3,518
up €3,518 (+11.0%), from -€31,882 to -€28,365
- Purchases and services -€3,518
down €3,518 (-11.0%), from €31,882 to €28,365
- Other operating charges +€362
up €362 (+3.1%), from €11,600 to €11,962
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 | €104,975 | €84,694 | -€20,282 | -19.3% |
| Fixed assets | 21/28 | €104,389 | €81,583 | -€22,806 | -21.8% |
| Tangible fixed assets | 22/27 | €104,389 | €81,583 | -€22,806 | -21.8% |
| Land and buildings | 22 | €104,389 | €81,583 | -€22,806 | -21.8% |
| Current assets | 29/58 | €587 | €3,111 | +€2,524 | +430% |
| Cash at bank and in hand | 54/58 | €587 | €3,111 | +€2,524 | +430% |
| Total equity and liabilities | 10/49 | €104,975 | €84,694 | -€20,282 | -19.3% |
| Equity | 10/15 | €18,557 | -€44,787 | -€63,343 | |
| Contributions | 10/11 | €349,526 | €349,526 | = | 0.0% |
| Capital | 10 | €349,526 | €349,526 | = | 0.0% |
| Issued capital | 100 | €349,526 | €349,526 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€330,969 | -€394,313 | -€63,343 | -19.1% |
| Amounts payable | 17/49 | €86,419 | €129,480 | +€43,062 | +49.8% |
| Amounts payable after more than one year | 17 | €81,188 | €115,362 | +€34,175 | +42.1% |
| Other amounts payable | 178/9 | €81,188 | €115,362 | +€34,175 | +42.1% |
| Amounts payable within one year | 42/48 | €5,231 | €14,118 | +€8,887 | +170% |
| Trade debts | 44 | €5,231 | €14,118 | +€8,887 | +170% |
| Suppliers | 440/4 | €5,231 | €14,118 | +€8,887 | +170% |
| Goods, raw materials, services and sundry goods | 60/61 | €31,882 | €28,365 | -€3,518 | -11.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,801 | €22,806 | -€8,995 | -28.3% |
| Other operating charges | 640/8 | €11,600 | €11,962 | +€362 | +3.1% |
| Non-recurring operating charges | 66A | €249 | - | -€249 | |
| Gross operating margin | 9900 | -€31,882 | -€28,365 | +€3,518 | +11.0% |
| Operating profit (loss) | 9901 | -€75,533 | -€63,133 | +€12,400 | +16.4% |
| Financial charges | 65/66B | €232 | €211 | -€22 | -9.4% |
| Recurring financial charges | 65 | €232 | €211 | -€22 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | -€75,765 | -€63,343 | +€12,422 | +16.4% |
| Profit (loss) for the period | 9904 | -€75,765 | -€63,343 | +€12,422 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€75,765 | -€63,343 | +€12,422 | +16.4% |
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 25 October 2026 via checked.be.