ORPEGAM: what changed
Two fiscal 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.
ORPEGAM
Largest movements
- Cash -€2,725
down €2,725 (-70.1%), from €3,889 to €1,164
mainly Net result for the year (-€5,092) and Other debts (-€2,334)
- Receivables within one year -€1,996
down €1,996 (-26.9%), from €7,430 to €5,433
of which Trade receivables: -€1,673
- Tangible fixed assets -€1,513
down €1,513 (-60.5%), from €2,500 to €988
of which Plant, machinery and equipment: -€1,191
- Current investments -€1,066
down €1,066 (-95.6%), from €1,115 to €49
- Profit (loss) carried forward -€5,092
down €5,092 (-17.9%), from -€28,491 to -€33,583
- Other debts -€2,334
down €2,334 (-14.6%), from €15,965 to €13,632
- Trade debts +€784
up €784 (+118.6%), from €661 to €1,445
- Tax, wage and social debts -€649
down €649 (-100.0%), from €649 to €0
- Gross operating margin -€6,805
down €6,805, from €3,469 to -€3,336
- Financial charges -€677
down €677, from €523 to -€154
- Financial income -€412
down €412 (-99.6%), from €414 to €2
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 | €23,370 | €16,068 | -€7,303 | -31.2% |
| Fixed assets | 21/28 | €10,934 | €9,421 | -€1,513 | -13.8% |
| Tangible fixed assets | 22/27 | €2,500 | €988 | -€1,513 | -60.5% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €2,060 | €869 | -€1,191 | -57.8% |
| Furniture and vehicles | 24 | €441 | €119 | -€322 | -73.0% |
| Financial fixed assets | 28 | €8,433 | €8,433 | = | 0.0% |
| Current assets | 29/58 | €12,436 | €6,647 | -€5,790 | -46.6% |
| Amounts receivable within one year | 40/41 | €7,430 | €5,433 | -€1,996 | -26.9% |
| Trade receivables | 40 | €6,966 | €5,294 | -€1,673 | -24.0% |
| Other amounts receivable | 41 | €463 | €140 | -€324 | -69.9% |
| Current investments | 50/53 | €1,115 | €49 | -€1,066 | -95.6% |
| Cash at bank and in hand | 54/58 | €3,889 | €1,164 | -€2,725 | -70.1% |
| Deferred charges and accrued income | 490/1 | €3 | €0 | -€3 | -100.0% |
| Total equity and liabilities | 10/49 | €23,370 | €16,068 | -€7,303 | -31.2% |
| Equity | 10/15 | €6,083 | €991 | -€5,092 | -83.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,974 | €15,974 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €14,114 | €14,114 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,491 | -€33,583 | -€5,092 | -17.9% |
| Amounts payable | 17/49 | €17,287 | €15,077 | -€2,210 | -12.8% |
| Amounts payable within one year | 42/48 | €17,275 | €15,077 | -€2,198 | -12.7% |
| Trade debts | 44 | €661 | €1,445 | +€784 | +118.6% |
| Suppliers | 440/4 | €661 | €1,445 | +€784 | +118.6% |
| Taxes, remuneration and social security | 45 | €649 | €0 | -€649 | -100.0% |
| Taxes | 450/3 | €649 | €0 | -€649 | -100.0% |
| Other amounts payable | 47/48 | €15,965 | €13,632 | -€2,334 | -14.6% |
| Accrued charges and deferred income | 492/3 | €12 | €0 | -€12 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,524 | €1,513 | -€12 | -0.8% |
| Other operating charges | 640/8 | €433 | €400 | -€34 | -7.8% |
| Gross operating margin | 9900 | €3,469 | -€3,336 | -€6,805 | |
| Operating profit (loss) | 9901 | €1,512 | -€5,248 | -€6,760 | |
| Financial income | 75/76B | €414 | €2 | -€412 | -99.6% |
| Recurring financial income | 75 | €414 | €2 | -€412 | -99.6% |
| Financial charges | 65/66B | €523 | -€154 | -€677 | |
| Recurring financial charges | 65 | €523 | -€154 | -€677 | |
| Profit (loss) for the period before taxes | 9903 | €1,403 | -€5,092 | -€6,495 | |
| Income taxes | 67/77 | €26 | €0 | -€26 | -100.0% |
| Profit (loss) for the period | 9904 | €1,377 | -€5,092 | -€6,469 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,377 | -€5,092 | -€6,469 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.