ORSCAMP: 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.
ORSCAMP
Largest movements
- Tangible fixed assets +€322,099
up €322,099 (+121%), from €266,388 to €588,487
of which Land and buildings: +€329,625
- Current investments -€153,000
no longer reported in 2025 (was €153,000)
- Receivables within one year +€31,013
up €31,013 (+49.1%), from €63,218 to €94,231
of which Trade receivables: +€18,352
- Cash +€28,394
up €28,394 (+27.8%), from €102,009 to €130,403
mainly Current investments (+€153,000) and Debts after one year (+€139,200)
- Debts after one year +€139,200
up €139,200 (+66.7%), from €208,700 to €347,900
of which Financial debts: +€195,900
- Contributions +€72,073
up €72,073 (+98.0%), from €73,534 to €145,608
- Reserves +€40,000
up €40,000 (+26.8%), from €149,172 to €189,172
of which Distributable reserves: +€40,000
- Current portion of long-term debt -€16,800
down €16,800 (-22.2%), from €75,600 to €58,800
- Depreciation +€14,387
up €14,387 (+32.5%), from €44,221 to €58,608
- Other operating charges -€10,718
down €10,718 (-60.1%), from €17,836 to €7,118
- Taxes -€5,336
down €5,336 (-79.2%), from €6,737 to €1,402
- Financial income -€4,430
down €4,430 (-63.8%), from €6,945 to €2,515
- Financial charges +€1,227
up €1,227 (+17.3%), from €7,088 to €8,315
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.
Derived cash bridge
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 | €594,657 | €820,230 | +€225,573 | +37.9% |
| Fixed assets | 21/28 | €269,236 | €590,345 | +€321,109 | +119% |
| Intangible fixed assets | 21 | €2,848 | €1,858 | -€990 | -34.8% |
| Tangible fixed assets | 22/27 | €266,388 | €588,487 | +€322,099 | +121% |
| Land and buildings | 22 | €78,236 | €407,861 | +€329,625 | +421% |
| Plant, machinery and equipment | 23 | €188,152 | €157,365 | -€30,786 | -16.4% |
| Furniture and vehicles | 24 | - | €23,260 | +€23,260 | |
| Current assets | 29/58 | €325,421 | €229,885 | -€95,536 | -29.4% |
| Amounts receivable within one year | 40/41 | €63,218 | €94,231 | +€31,013 | +49.1% |
| Trade receivables | 40 | €63,218 | €81,570 | +€18,352 | +29.0% |
| Other amounts receivable | 41 | - | €12,661 | +€12,661 | |
| Current investments | 50/53 | €153,000 | - | -€153,000 | |
| Cash at bank and in hand | 54/58 | €102,009 | €130,403 | +€28,394 | +27.8% |
| Deferred charges and accrued income | 490/1 | €7,193 | €5,251 | -€1,942 | -27.0% |
| Total equity and liabilities | 10/49 | €594,657 | €820,230 | +€225,573 | +37.9% |
| Equity | 10/15 | €242,898 | €352,070 | +€109,171 | +44.9% |
| Contributions | 10/11 | €73,534 | €145,608 | +€72,073 | +98.0% |
| Contributions outside capital | 11 | €73,534 | - | -€73,534 | |
| Share premium | 1100/10 | €11,637 | - | -€11,637 | |
| Other | 1109/19 | €61,897 | - | -€61,897 | |
| Reserves | 13 | €149,172 | €189,172 | +€40,000 | +26.8% |
| Non-distributable reserves | 130/1 | €8,726 | €8,726 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,726 | €8,726 | = | 0.0% |
| Tax-exempt reserves | 132 | €446 | €446 | = | 0.0% |
| Distributable reserves | 133 | €140,000 | €180,000 | +€40,000 | +28.6% |
| Profit (loss) carried forward | 14 | €1,615 | €1,656 | +€42 | +2.6% |
| Investment grants | 15 | €18,578 | €15,634 | -€2,944 | -15.8% |
| Amounts payable | 17/49 | €351,758 | €468,161 | +€116,402 | +33.1% |
| Amounts payable after more than one year | 17 | €208,700 | €347,900 | +€139,200 | +66.7% |
| Financial debts | 170/4 | €152,000 | €347,900 | +€195,900 | +129% |
| Other amounts payable | 178/9 | €56,700 | - | -€56,700 | |
| Amounts payable within one year | 42/48 | €97,743 | €75,446 | -€22,297 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €75,600 | €58,800 | -€16,800 | -22.2% |
| Trade debts | 44 | €5,075 | €3,980 | -€1,094 | -21.6% |
| Suppliers | 440/4 | €5,075 | €3,980 | -€1,094 | -21.6% |
| Taxes, remuneration and social security | 45 | €17,068 | €12,665 | -€4,403 | -25.8% |
| Taxes | 450/3 | €17,068 | €12,665 | -€4,403 | -25.8% |
| Accrued charges and deferred income | 492/3 | €45,316 | €44,815 | -€501 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,221 | €58,608 | +€14,387 | +32.5% |
| Other operating charges | 640/8 | €17,836 | €7,118 | -€10,718 | -60.1% |
| Gross operating margin | 9900 | €112,981 | €112,970 | -€11 | 0.0% |
| Operating profit (loss) | 9901 | €50,924 | €47,244 | -€3,680 | -7.2% |
| Financial income | 75/76B | €6,945 | €2,515 | -€4,430 | -63.8% |
| Recurring financial income | 75 | €6,945 | €2,515 | -€4,430 | -63.8% |
| Financial charges | 65/66B | €7,088 | €8,315 | +€1,227 | +17.3% |
| Recurring financial charges | 65 | €7,088 | €8,315 | +€1,227 | +17.3% |
| Profit (loss) for the period before taxes | 9903 | €50,781 | €41,443 | -€9,337 | -18.4% |
| Income taxes | 67/77 | €6,737 | €1,402 | -€5,336 | -79.2% |
| Profit (loss) for the period | 9904 | €44,043 | €40,042 | -€4,002 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €44,043 | €40,042 | -€4,002 | -9.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.