ORPHEAS: 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.
ORPHEAS
Largest movements
- Cash +€4,377
up €4,377 (+64.2%), from €6,816 to €11,193
mainly Net result for the year (+€13,452) and Depreciation (+€3,409)
- Tangible fixed assets -€3,409
down €3,409 (-44.5%), from €7,669 to €4,260
of which Plant, machinery and equipment: -€3,315
- Receivables within one year +€3,379
up €3,379 (+10.5%), from €32,205 to €35,584
- Deferred charges and accrued income +€1,545
up €1,545 (+302.3%), from €511 to €2,056
- Profit (loss) carried forward +€33,068
no longer reported in 2024 (was -€33,068)
- Reserves -€19,616
down €19,616 (-53.1%), from €36,926 to €17,310
of which Distributable reserves: -€19,616
- Tax, wage and social debts -€3,077
down €3,077 (-27.4%), from €11,237 to €8,160
of which Remuneration and social security: -€2,284
- Trade debts -€2,897
down €2,897 (-21.3%), from €13,592 to €10,695
- Current portion of long-term debt -€1,983
down €1,983 (-59.1%), from €3,357 to €1,374
- Gross operating margin +€28,815
up €28,815 (+56.4%), from €51,134 to €79,949
- Staff costs +€7,606
up €7,606 (+14.7%), from €51,780 to €59,386
- Depreciation -€885
down €885 (-20.6%), from €4,294 to €3,409
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,044 | €56,539 | +€5,495 | +10.8% |
| Fixed assets | 21/28 | €7,669 | €4,260 | -€3,409 | -44.5% |
| Tangible fixed assets | 22/27 | €7,669 | €4,260 | -€3,409 | -44.5% |
| Plant, machinery and equipment | 23 | €7,575 | €4,260 | -€3,315 | -43.8% |
| Furniture and vehicles | 24 | €94 | - | -€94 | |
| Current assets | 29/58 | €43,375 | €52,279 | +€8,904 | +20.5% |
| Stocks and contracts in progress | 3 | €3,843 | €3,446 | -€397 | -10.3% |
| Stocks | 30/36 | €3,843 | €3,446 | -€397 | -10.3% |
| Amounts receivable within one year | 40/41 | €32,205 | €35,584 | +€3,379 | +10.5% |
| Other amounts receivable | 41 | €32,205 | €35,584 | +€3,379 | +10.5% |
| Cash at bank and in hand | 54/58 | €6,816 | €11,193 | +€4,377 | +64.2% |
| Deferred charges and accrued income | 490/1 | €511 | €2,056 | +€1,545 | +302.3% |
| Total equity and liabilities | 10/49 | €51,044 | €56,539 | +€5,495 | +10.8% |
| Equity | 10/15 | €22,858 | €36,310 | +€13,452 | +58.9% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €36,926 | €17,310 | -€19,616 | -53.1% |
| Non-distributable reserves | 130/1 | €1,900 | €1,900 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Distributable reserves | 133 | €35,026 | €15,410 | -€19,616 | -56.0% |
| Profit (loss) carried forward | 14 | -€33,068 | - | +€33,068 | |
| Amounts payable | 17/49 | €28,186 | €20,229 | -€7,957 | -28.2% |
| Amounts payable within one year | 42/48 | €28,186 | €20,229 | -€7,957 | -28.2% |
| Current portion of amounts payable after more than one year | 42 | €3,357 | €1,374 | -€1,983 | -59.1% |
| Trade debts | 44 | €13,592 | €10,695 | -€2,897 | -21.3% |
| Suppliers | 440/4 | €13,592 | €10,695 | -€2,897 | -21.3% |
| Taxes, remuneration and social security | 45 | €11,237 | €8,160 | -€3,077 | -27.4% |
| Taxes | 450/3 | €3,344 | €2,551 | -€793 | -23.7% |
| Remuneration and social security | 454/9 | €7,893 | €5,609 | -€2,284 | -28.9% |
| Remuneration, social security and pensions | 62 | €51,780 | €59,386 | +€7,606 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,294 | €3,409 | -€885 | -20.6% |
| Other operating charges | 640/8 | €2,457 | €2,339 | -€118 | -4.8% |
| Gross operating margin | 9900 | €51,134 | €79,949 | +€28,815 | +56.4% |
| Operating profit (loss) | 9901 | -€7,397 | €14,815 | +€22,212 | |
| Financial income | 75/76B | €4 | €207 | +€203 | +5075.0% |
| Recurring financial income | 75 | €4 | €207 | +€203 | +5075.0% |
| Financial charges | 65/66B | €2,075 | €1,570 | -€505 | -24.3% |
| Recurring financial charges | 65 | €2,075 | €1,570 | -€505 | -24.3% |
| Profit (loss) for the period before taxes | 9903 | -€9,468 | €13,452 | +€22,920 | |
| Income taxes | 67/77 | €171 | - | -€171 | |
| Profit (loss) for the period | 9904 | -€9,639 | €13,452 | +€23,091 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,639 | €13,452 | +€23,091 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.