Orsted Belgium Renewables: 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.
Orsted Belgium Renewables
Largest movements
- Cash +€1.4m
up €1.4m (+1,156%), from €121,272 to €1.5m
mainly Contributions, distributions and other (+€3.5m) and Trade debts (+€222,773)
- Receivables within one year +€38,298
up €38,298 (+2,285%), from €1,676 to €39,974
- Contributions +€3.5m
up €3.5m (+1,750%), from €200,000 to €3.7m
- Profit (loss) carried forward -€2.3m
down €2.3m (-2,644%), from -€86,366 to -€2.4m
- Trade debts +€222,773
up €222,773 (+2,318%), from €9,609 to €232,383
- Gross operating margin -€2.2m
down €2.2m (-7,304%), from -€30,471 to -€2.3m
- Financial charges +€27,323
up €27,323 (+14,682%), from €186 to €27,509
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 | €123,631 | €1,563,161 | +€1.4m | +1,164% |
| Fixed assets | 21/28 | €207 | €207 | = | 0.0% |
| Financial fixed assets | 28 | €207 | €207 | = | 0.0% |
| Current assets | 29/58 | €123,424 | €1,562,954 | +€1.4m | +1,166% |
| Amounts receivable within one year | 40/41 | €1,676 | €39,974 | +€38,298 | +2,285% |
| Other amounts receivable | 41 | €1,676 | €39,974 | +€38,298 | +2,285% |
| Cash at bank and in hand | 54/58 | €121,272 | €1,522,980 | +€1.4m | +1,156% |
| Deferred charges and accrued income | 490/1 | €476 | €0 | -€476 | -100% |
| Total equity and liabilities | 10/49 | €123,631 | €1,563,161 | +€1.4m | +1,164% |
| Equity | 10/15 | €113,634 | €1,329,991 | +€1.2m | +1,070% |
| Contributions | 10/11 | €200,000 | €3,700,000 | +€3.5m | +1,750% |
| Profit (loss) carried forward | 14 | -€86,366 | -€2,370,009 | -€2.3m | -2,644% |
| Amounts payable | 17/49 | €9,997 | €233,170 | +€223,173 | +2,233% |
| Amounts payable within one year | 42/48 | €9,609 | €232,383 | +€222,773 | +2,318% |
| Trade debts | 44 | €9,609 | €232,383 | +€222,773 | +2,318% |
| Suppliers | 440/4 | €9,609 | €232,383 | +€222,773 | +2,318% |
| Accrued charges and deferred income | 492/3 | €387 | €787 | +€400 | +103% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€30,471 | -€2,256,144 | -€2.2m | -7,304% |
| Operating profit (loss) | 9901 | -€30,858 | -€2,256,543 | -€2.2m | -7,213% |
| Financial income | 75/76B | - | €409 | +€409 | |
| Recurring financial income | 75 | - | €409 | +€409 | |
| Financial charges | 65/66B | €186 | €27,509 | +€27,323 | +14,682% |
| Recurring financial charges | 65 | €186 | €27,509 | +€27,323 | +14,682% |
| Profit (loss) for the period before taxes | 9903 | -€31,044 | -€2,283,643 | -€2.3m | -7,256% |
| Profit (loss) for the period | 9904 | -€31,044 | -€2,283,643 | -€2.3m | -7,256% |
| Profit (loss) for the period to be appropriated | 9905 | -€31,044 | -€2,283,643 | -€2.3m | -7,256% |
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 1 November 2026 via checked.be.