ORRIX MANAGEMENT: 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.
ORRIX MANAGEMENT
Largest movements
- Current investments +€1.7m
up €1.7m (+50.5%), from €3.4m to €5.1m
- Cash -€166,115
down €166,115 (-48.4%), from €343,253 to €177,138
mainly Current investments (-€1.7m) and Receivables within one year (-€116,806)
- Receivables within one year +€116,806
up €116,806 (+746.4%), from €15,649 to €132,454
of which Other amounts receivable: +€100,278
- Reserves +€1.5m
up €1.5m (+37.3%), from €4.1m to €5.6m
of which Distributable reserves: +€1.5m
- Tax, wage and social debts +€106,701
up €106,701, from €0 to €106,701
- Financial income +€1.6m
up €1.6m (+935.3%), from €169,153 to €1.8m
- Taxes +€102,535
up €102,535 (+208.8%), from €49,104 to €151,639
- Financial charges +€67,559
up €67,559 (+470.3%), from €14,366 to €81,925
of which Financial charges: +€67,559
- Gross operating margin -€33,534
down €33,534 (-56.5%), from €59,322 to €25,787
- Depreciation +€11,164
up €11,164 (+126.9%), from €8,798 to €19,962
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 | €4,488,060 | €6,116,751 | +€1.6m | +36.3% |
| Fixed assets | 21/28 | €768,038 | €748,077 | -€19,962 | -2.6% |
| Tangible fixed assets | 22/27 | €725,454 | €705,492 | -€19,962 | -2.8% |
| Land and buildings | 22 | €724,882 | €705,438 | -€19,444 | -2.7% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €572 | €54 | -€518 | -90.6% |
| Financial fixed assets | 28 | €42,585 | €42,585 | = | 0.0% |
| Current assets | 29/58 | €3,720,022 | €5,368,674 | +€1.6m | +44.3% |
| Amounts receivable within one year | 40/41 | €15,649 | €132,454 | +€116,806 | +746.4% |
| Trade receivables | 40 | €11,752 | €28,279 | +€16,528 | +140.6% |
| Other amounts receivable | 41 | €3,897 | €104,175 | +€100,278 | +2573.0% |
| Current investments | 50/53 | €3,359,955 | €5,057,968 | +€1.7m | +50.5% |
| Cash at bank and in hand | 54/58 | €343,253 | €177,138 | -€166,115 | -48.4% |
| Deferred charges and accrued income | 490/1 | €1,165 | €1,113 | -€51 | -4.4% |
| Total equity and liabilities | 10/49 | €4,488,060 | €6,116,751 | +€1.6m | +36.3% |
| Equity | 10/15 | €4,073,817 | €5,587,630 | +€1.5m | +37.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €4,053,817 | €5,567,630 | +€1.5m | +37.3% |
| Non-distributable reserves | 130/1 | €2,000 | €0 | -€2,000 | -100.0% |
| Reserves not available under the articles | 1311 | €2,000 | €0 | -€2,000 | -100.0% |
| Distributable reserves | 133 | €4,051,817 | €5,567,630 | +€1.5m | +37.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | 0.0% |
| Provisions and deferred taxes | 16 | €388,000 | €388,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €388,000 | €388,000 | = | 0.0% |
| Environmental obligations | 163 | €388,000 | €388,000 | = | 0.0% |
| Amounts payable | 17/49 | €26,244 | €141,121 | +€114,878 | +437.7% |
| Amounts payable within one year | 42/48 | €26,244 | €141,121 | +€114,878 | +437.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €5,296 | €8,767 | +€3,471 | +65.5% |
| Suppliers | 440/4 | €5,296 | €8,767 | +€3,471 | +65.5% |
| Advances received on contracts in progress | 46 | €7,500 | €22,500 | +€15,000 | +200.0% |
| Taxes, remuneration and social security | 45 | €0 | €106,701 | +€106,701 | |
| Taxes | 450/3 | €0 | €106,701 | +€106,701 | |
| Other amounts payable | 47/48 | €13,448 | €3,154 | -€10,294 | -76.5% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,798 | €19,962 | +€11,164 | +126.9% |
| Other operating charges | 640/8 | €9,543 | €9,657 | +€114 | +1.2% |
| Gross operating margin | 9900 | €59,322 | €25,787 | -€33,534 | -56.5% |
| Operating profit (loss) | 9901 | €40,981 | -€3,832 | -€44,812 | |
| Financial income | 75/76B | €169,153 | €1,751,209 | +€1.6m | +935.3% |
| Recurring financial income | 75 | €169,153 | €1,751,209 | +€1.6m | +935.3% |
| Financial charges | 65/66B | €14,366 | €81,925 | +€67,559 | +470.3% |
| Recurring financial charges | 65 | €14,366 | €81,925 | +€67,559 | +470.3% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €195,768 | €1,665,452 | +€1.5m | +750.7% |
| Income taxes | 67/77 | €49,104 | €151,639 | +€102,535 | +208.8% |
| Profit (loss) for the period | 9904 | €146,664 | €1,513,814 | +€1.4m | +932.2% |
| Profit (loss) for the period to be appropriated | 9905 | €146,664 | €1,513,814 | +€1.4m | +932.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.