ORPHA: 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.
ORPHA
Largest movements
- Tangible fixed assets -€3,061
down €3,061 (-5.5%), from €55,549 to €52,488
of which Land and buildings: -€2,929
- Receivables within one year +€2,740
up €2,740 (+2.9%), from €94,197 to €96,936
of which Other amounts receivable: +€38,417
- Other debts -€33,489
down €33,489 (-49.9%), from €67,128 to €33,639
- Reserves +€26,256
up €26,256 (+122.1%), from €21,502 to €47,759
of which Distributable reserves: +€24,902
- Tax, wage and social debts +€13,421
up €13,421 (+682.4%), from €1,967 to €15,388
- Debts after one year -€8,050
down €8,050 (-31.4%), from €25,627 to €17,577
- Gross operating margin +€16,291
up €16,291 (+58.6%), from €27,798 to €44,089
- Taxes +€6,497
up €6,497 (+93.5%), from €6,945 to €13,442
- Financial income +€1,456
up €1,456 (+42.1%), from €3,459 to €4,916
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 | €188,198 | €187,645 | -€553 | -0.3% |
| Fixed assets | 21/28 | €61,549 | €58,488 | -€3,061 | -5.0% |
| Tangible fixed assets | 22/27 | €55,549 | €52,488 | -€3,061 | -5.5% |
| Land and buildings | 22 | €54,760 | €51,831 | -€2,929 | -5.3% |
| Plant, machinery and equipment | 23 | €789 | €657 | -€131 | -16.7% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €126,649 | €129,157 | +€2,508 | +2.0% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €94,197 | €96,936 | +€2,740 | +2.9% |
| Trade receivables | 40 | €35,677 | - | -€35,677 | |
| Other amounts receivable | 41 | €58,519 | €96,936 | +€38,417 | +65.6% |
| Cash at bank and in hand | 54/58 | €741 | €464 | -€277 | -37.4% |
| Deferred charges and accrued income | 490/1 | €1,711 | €1,756 | +€45 | +2.6% |
| Total equity and liabilities | 10/49 | €188,198 | €187,645 | -€553 | -0.3% |
| Equity | 10/15 | €83,502 | €109,759 | +€26,256 | +31.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €21,502 | €47,759 | +€26,256 | +122.1% |
| Non-distributable reserves | 130/1 | €1,622 | €2,976 | +€1,354 | +83.5% |
| Legal reserve | 130 | €1,622 | €2,976 | +€1,354 | +83.5% |
| Distributable reserves | 133 | €19,881 | €44,782 | +€24,902 | +125.3% |
| Amounts payable | 17/49 | €104,696 | €77,886 | -€26,809 | -25.6% |
| Amounts payable after more than one year | 17 | €25,627 | €17,577 | -€8,050 | -31.4% |
| Financial debts | 170/4 | €25,627 | €17,577 | -€8,050 | -31.4% |
| Amounts payable within one year | 42/48 | €79,069 | €60,310 | -€18,759 | -23.7% |
| Current portion of amounts payable after more than one year | 42 | €7,661 | €8,050 | +€389 | +5.1% |
| Trade debts | 44 | €2,313 | €3,233 | +€919 | +39.7% |
| Suppliers | 440/4 | €2,313 | €3,233 | +€919 | +39.7% |
| Taxes, remuneration and social security | 45 | €1,967 | €15,388 | +€13,421 | +682.4% |
| Taxes | 450/3 | €1,967 | €15,388 | +€13,421 | +682.4% |
| Other amounts payable | 47/48 | €67,128 | €33,639 | -€33,489 | -49.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,360 | €3,061 | -€299 | -8.9% |
| Other operating charges | 640/8 | €1,329 | €1,367 | +€38 | +2.9% |
| Gross operating margin | 9900 | €27,798 | €44,089 | +€16,291 | +58.6% |
| Operating profit (loss) | 9901 | €23,110 | €39,662 | +€16,552 | +71.6% |
| Financial income | 75/76B | €3,459 | €4,916 | +€1,456 | +42.1% |
| Recurring financial income | 75 | €3,459 | €4,916 | +€1,456 | +42.1% |
| Financial charges | 65/66B | €4,256 | €4,045 | -€211 | -4.9% |
| Recurring financial charges | 65 | €4,256 | €4,045 | -€211 | -4.9% |
| Profit (loss) for the period before taxes | 9903 | €22,313 | €40,532 | +€18,219 | +81.7% |
| Income taxes | 67/77 | €6,945 | €13,442 | +€6,497 | +93.5% |
| Profit (loss) for the period | 9904 | €15,368 | €27,089 | +€11,721 | +76.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,368 | €27,089 | +€11,721 | +76.3% |
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.