ORREGO DEVELOPMENT: 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.
ORREGO DEVELOPMENT
Largest movements
- Receivables within one year -€122,324
down €122,324 (-81.7%), from €149,729 to €27,405
of which Trade receivables: -€106,705
- Tangible fixed assets -€20,743
down €20,743 (-2.7%), from €757,053 to €736,311
- Other debts -€362,451
down €362,451 (-51.9%), from €697,802 to €335,351
- Accrued charges and deferred income +€120,000
new in 2024: €120,000
- Profit (loss) carried forward +€108,544
up €108,544 (+84.0%), from €129,188 to €237,732
- Debts after one year -€56,894
down €56,894 (-9.8%), from €579,343 to €522,448
- Tax, wage and social debts +€34,114
up €34,114 (+174%), from €19,628 to €53,742
- Gross operating margin +€127,198
up €127,198 (+196%), from €65,028 to €192,226
- Taxes +€37,831
up €37,831 (+898%), from €4,212 to €42,042
- Other operating charges -€2,671
down €2,671 (-39.2%), from €6,810 to €4,139
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.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,623,014 | €1,479,947 | -€143,067 | -8.8% |
| Fixed assets | 21/28 | €1,473,285 | €1,452,542 | -€20,743 | -1.4% |
| Tangible fixed assets | 22/27 | €757,053 | €736,311 | -€20,743 | -2.7% |
| Land and buildings | 22 | €757,053 | €736,311 | -€20,743 | -2.7% |
| Financial fixed assets | 28 | €716,232 | €716,232 | = | 0.0% |
| Current assets | 29/58 | €149,729 | €27,405 | -€122,324 | -81.7% |
| Amounts receivable within one year | 40/41 | €149,729 | €27,405 | -€122,324 | -81.7% |
| Trade receivables | 40 | €106,705 | - | -€106,705 | |
| Other amounts receivable | 41 | €43,024 | €27,405 | -€15,619 | -36.3% |
| Total equity and liabilities | 10/49 | €1,623,014 | €1,479,947 | -€143,067 | -8.8% |
| Equity | 10/15 | €241,186 | €349,730 | +€108,544 | +45.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €11,998 | €11,998 | = | 0.0% |
| Non-distributable reserves | 130/1 | €11,998 | €11,998 | = | 0.0% |
| Reserves not available under the articles | 1311 | €11,998 | €11,998 | = | 0.0% |
| Profit (loss) carried forward | 14 | €129,188 | €237,732 | +€108,544 | +84.0% |
| Amounts payable | 17/49 | €1,381,829 | €1,130,217 | -€251,611 | -18.2% |
| Amounts payable after more than one year | 17 | €579,343 | €522,448 | -€56,894 | -9.8% |
| Financial debts | 170/4 | €579,343 | €522,448 | -€56,894 | -9.8% |
| Amounts payable within one year | 42/48 | €802,486 | €487,769 | -€314,717 | -39.2% |
| Current portion of amounts payable after more than one year | 42 | €61,791 | €55,677 | -€6,113 | -9.9% |
| Financial debts | 43 | €18,168 | €19,491 | +€1,323 | +7.3% |
| Credit institutions | 430/8 | €18,168 | €19,491 | +€1,323 | +7.3% |
| Trade debts | 44 | €5,096 | €23,507 | +€18,411 | +361% |
| Suppliers | 440/4 | €5,096 | €23,507 | +€18,411 | +361% |
| Taxes, remuneration and social security | 45 | €19,628 | €53,742 | +€34,114 | +174% |
| Taxes | 450/3 | €19,628 | €53,742 | +€34,114 | +174% |
| Other amounts payable | 47/48 | €697,802 | €335,351 | -€362,451 | -51.9% |
| Accrued charges and deferred income | 492/3 | - | €120,000 | +€120,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,743 | €20,743 | = | 0.0% |
| Other operating charges | 640/8 | €6,810 | €4,139 | -€2,671 | -39.2% |
| Non-recurring operating charges | 66A | €244,321 | - | -€244,321 | |
| Gross operating margin | 9900 | €65,028 | €192,226 | +€127,198 | +196% |
| Operating profit (loss) | 9901 | -€206,846 | €167,344 | +€374,189 | |
| Financial charges | 65/66B | €16,569 | €16,757 | +€189 | +1.1% |
| Recurring financial charges | 65 | €16,569 | €16,757 | +€189 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | -€223,414 | €150,586 | +€374,001 | |
| Income taxes | 67/77 | €4,212 | €42,042 | +€37,831 | +898% |
| Profit (loss) for the period | 9904 | -€227,626 | €108,544 | +€336,170 | |
| Profit (loss) for the period to be appropriated | 9905 | -€227,626 | €108,544 | +€336,170 |
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 14 October 2026 via checked.be.