ORPHEE: 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.
ORPHEE
Largest movements
- Receivables within one year +€242
up €242 (+260.2%), from €93 to €335
- Cash +€104
new in 2025: €104
mainly Other debts (+€2,778) and Trade debts (+€13)
- Other debts +€2,778
up €2,778 (+36.3%), from €7,658 to €10,436
- Profit (loss) carried forward -€2,090
down €2,090 (-5.1%), from -€41,239 to -€43,329
- Short-term financial debts -€355
no longer reported in 2025 (was €355)
- Trade debts +€13
up €13 (+0.1%), from €11,262 to €11,275
- Gross operating margin -€609
down €609 (-100.7%), from -€605 to -€1,214
- Financial charges +€70
up €70 (+17.2%), from €407 to €477
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 | €93 | €439 | +€346 | +372.0% |
| Current assets | 29/58 | €93 | €439 | +€346 | +372.0% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €93 | €335 | +€242 | +260.2% |
| Other amounts receivable | 41 | €93 | €335 | +€242 | +260.2% |
| Cash at bank and in hand | 54/58 | - | €104 | +€104 | |
| Total equity and liabilities | 10/49 | €93 | €439 | +€346 | +372.0% |
| Equity | 10/15 | -€22,027 | -€24,117 | -€2,090 | -9.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Legal reserve | 130 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€41,239 | -€43,329 | -€2,090 | -5.1% |
| Amounts payable | 17/49 | €22,120 | €24,556 | +€2,436 | +11.0% |
| Amounts payable within one year | 42/48 | €22,120 | €24,556 | +€2,436 | +11.0% |
| Financial debts | 43 | €355 | - | -€355 | |
| Credit institutions | 430/8 | €355 | - | -€355 | |
| Trade debts | 44 | €11,262 | €11,275 | +€13 | +0.1% |
| Suppliers | 440/4 | €11,262 | €11,275 | +€13 | +0.1% |
| Taxes, remuneration and social security | 45 | €2,845 | €2,845 | = | 0.0% |
| Taxes | 450/3 | €2,845 | €2,845 | = | 0.0% |
| Other amounts payable | 47/48 | €7,658 | €10,436 | +€2,778 | +36.3% |
| Other operating charges | 640/8 | €388 | €399 | +€11 | +2.8% |
| Gross operating margin | 9900 | -€605 | -€1,214 | -€609 | -100.7% |
| Operating profit (loss) | 9901 | -€993 | -€1,613 | -€620 | -62.4% |
| Financial charges | 65/66B | €407 | €477 | +€70 | +17.2% |
| Recurring financial charges | 65 | €407 | €477 | +€70 | +17.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,400 | -€2,090 | -€690 | -49.3% |
| Profit (loss) for the period | 9904 | -€1,400 | -€2,090 | -€690 | -49.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,400 | -€2,090 | -€690 | -49.3% |
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 30 September 2026 via checked.be.