ORS GROUP: 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.
ORS GROUP
Largest movements
- Cash +€35,210
up €35,210 (+266%), from €13,222 to €48,432
mainly Other debts (+€30,862) and Depreciation (+€24,773)
- Tangible fixed assets +€23,019
up €23,019 (+118%), from €19,490 to €42,509
- Receivables within one year +€8,826
up €8,826 (+11.4%), from €77,689 to €86,515
of which Trade receivables: +€12,935
- Other debts +€30,862
up €30,862 (+128,592%), from €24 to €30,886
- Tax, wage and social debts +€23,683
up €23,683 (+217%), from €10,900 to €34,583
of which Remuneration and social security: +€20,188
- Profit (loss) carried forward +€18,075
up €18,075 (+86.3%), from €20,948 to €39,023
- Advances received -€14,120
down €14,120 (-91.3%), from €15,461 to €1,341
- Debts after one year +€12,092
up €12,092 (+75.8%), from €15,949 to €28,041
- Gross operating margin +€96,994
up €96,994 (+309%), from €31,417 to €128,411
- Staff costs +€70,097
up €70,097 (+1,528%), from €4,586 to €74,683
- Depreciation +€15,652
up €15,652 (+172%), from €9,121 to €24,773
- Taxes -€5,847
down €5,847 (-76.9%), from €7,602 to €1,755
- Other operating charges +€1,890
up €1,890 (+62.0%), from €3,046 to €4,936
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
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 | €119,693 | €186,748 | +€67,055 | +56.0% |
| Fixed assets | 21/28 | €28,782 | €51,801 | +€23,019 | +80.0% |
| Tangible fixed assets | 22/27 | €19,490 | €42,509 | +€23,019 | +118% |
| Furniture and vehicles | 24 | €19,490 | €42,509 | +€23,019 | +118% |
| Financial fixed assets | 28 | €9,292 | €9,292 | = | 0.0% |
| Current assets | 29/58 | €90,911 | €134,947 | +€44,036 | +48.4% |
| Amounts receivable within one year | 40/41 | €77,689 | €86,515 | +€8,826 | +11.4% |
| Trade receivables | 40 | €72,507 | €85,442 | +€12,935 | +17.8% |
| Other amounts receivable | 41 | €5,182 | €1,073 | -€4,109 | -79.3% |
| Cash at bank and in hand | 54/58 | €13,222 | €48,432 | +€35,210 | +266% |
| Total equity and liabilities | 10/49 | €119,693 | €186,748 | +€67,055 | +56.0% |
| Equity | 10/15 | €28,535 | €46,610 | +€18,075 | +63.3% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Capital | 10 | €6,500 | €6,500 | = | 0.0% |
| Issued capital | 100 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €1,087 | €1,087 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,087 | €1,087 | = | 0.0% |
| Legal reserve | 130 | €1,087 | €1,087 | = | 0.0% |
| Profit (loss) carried forward | 14 | €20,948 | €39,023 | +€18,075 | +86.3% |
| Amounts payable | 17/49 | €91,158 | €140,138 | +€48,980 | +53.7% |
| Amounts payable after more than one year | 17 | €15,949 | €28,041 | +€12,092 | +75.8% |
| Financial debts | 170/4 | €15,949 | €28,041 | +€12,092 | +75.8% |
| Amounts payable within one year | 42/48 | €75,209 | €112,097 | +€36,888 | +49.0% |
| Current portion of amounts payable after more than one year | 42 | €6,190 | €6,442 | +€252 | +4.1% |
| Trade debts | 44 | €42,634 | €38,845 | -€3,789 | -8.9% |
| Suppliers | 440/4 | €42,634 | €38,845 | -€3,789 | -8.9% |
| Advances received on contracts in progress | 46 | €15,461 | €1,341 | -€14,120 | -91.3% |
| Taxes, remuneration and social security | 45 | €10,900 | €34,583 | +€23,683 | +217% |
| Taxes | 450/3 | €6,671 | €10,166 | +€3,495 | +52.4% |
| Remuneration and social security | 454/9 | €4,229 | €24,417 | +€20,188 | +477% |
| Other amounts payable | 47/48 | €24 | €30,886 | +€30,862 | +128,592% |
| Remuneration, social security and pensions | 62 | €4,586 | €74,683 | +€70,097 | +1,528% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,121 | €24,773 | +€15,652 | +172% |
| Other operating charges | 640/8 | €3,046 | €4,936 | +€1,890 | +62.0% |
| Non-recurring operating charges | 66A | €125 | €3,074 | +€2,949 | +2,359% |
| Gross operating margin | 9900 | €31,417 | €128,411 | +€96,994 | +309% |
| Operating profit (loss) | 9901 | €14,539 | €20,945 | +€6,406 | +44.1% |
| Financial income | 75/76B | €140 | - | -€140 | |
| Recurring financial income | 75 | €140 | - | -€140 | |
| Financial charges | 65/66B | €773 | €1,115 | +€342 | +44.2% |
| Recurring financial charges | 65 | €773 | €1,115 | +€342 | +44.2% |
| Profit (loss) for the period before taxes | 9903 | €13,906 | €19,830 | +€5,924 | +42.6% |
| Income taxes | 67/77 | €7,602 | €1,755 | -€5,847 | -76.9% |
| Profit (loss) for the period | 9904 | €6,304 | €18,075 | +€11,771 | +187% |
| Profit (loss) for the period to be appropriated | 9905 | €6,304 | €18,075 | +€11,771 | +187% |
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 16 October 2026 via checked.be.