ORV 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.
ORV GROUP
Largest movements
- Cash +€80,252
up €80,252 (+98.2%), from €81,763 to €162,015
mainly Net result for the year (+€66,059) and Depreciation (+€10,237)
- Receivables within one year +€10,797
up €10,797 (+78.8%), from €13,700 to €24,497
of which Trade receivables: +€12,414
- Tangible fixed assets -€10,237
down €10,237 (-32.3%), from €31,708 to €21,470
of which Furniture and vehicles: -€8,127
- Receivables after one year -€5,408
down €5,408 (-21.6%), from €25,000 to €19,592
- Profit (loss) carried forward +€66,059
up €66,059 (+67.6%), from €97,673 to €163,731
- Trade debts +€5,188
up €5,188 (+17.9%), from €28,917 to €34,105
of which Bills of exchange payable: +€2,952
- Tax, wage and social debts +€4,158
up €4,158 (+20.2%), from €20,581 to €24,738
of which Taxes: +€6,607
- Turnover +€195,342
up €195,342 (+37.1%), from €526,527 to €721,869
- Purchases and services +€161,296
up €161,296 (+34.7%), from €465,190 to €626,486
- Gross operating margin +€37,607
up €37,607 (+61.3%), from €61,337 to €98,943
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.
Cash bridge derived
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 | €152,170 | €227,574 | +€75,404 | +49.6% |
| Fixed assets | 21/28 | €31,708 | €21,470 | -€10,237 | -32.3% |
| Tangible fixed assets | 22/27 | €31,708 | €21,470 | -€10,237 | -32.3% |
| Plant, machinery and equipment | 23 | €8,441 | €6,331 | -€2,110 | -25.0% |
| Furniture and vehicles | 24 | €23,267 | €15,140 | -€8,127 | -34.9% |
| Current assets | 29/58 | €120,462 | €206,104 | +€85,642 | +71.1% |
| Amounts receivable after more than one year | 29 | €25,000 | €19,592 | -€5,408 | -21.6% |
| Other amounts receivable | 291 | €25,000 | €19,592 | -€5,408 | -21.6% |
| Amounts receivable within one year | 40/41 | €13,700 | €24,497 | +€10,797 | +78.8% |
| Trade receivables | 40 | €868 | €13,282 | +€12,414 | +1430.0% |
| Other amounts receivable | 41 | €12,832 | €11,214 | -€1,617 | -12.6% |
| Cash at bank and in hand | 54/58 | €81,763 | €162,015 | +€80,252 | +98.2% |
| Total equity and liabilities | 10/49 | €152,170 | €227,574 | +€75,404 | +49.6% |
| Equity | 10/15 | €102,673 | €168,731 | +€66,059 | +64.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,673 | €163,731 | +€66,059 | +67.6% |
| Amounts payable | 17/49 | €49,498 | €58,843 | +€9,346 | +18.9% |
| Amounts payable within one year | 42/48 | €49,498 | €58,843 | +€9,346 | +18.9% |
| Trade debts | 44 | €28,917 | €34,105 | +€5,188 | +17.9% |
| Suppliers | 440/4 | €25,938 | €28,173 | +€2,236 | +8.6% |
| Bills of exchange payable | 441 | €2,979 | €5,931 | +€2,952 | +99.1% |
| Taxes, remuneration and social security | 45 | €20,581 | €24,738 | +€4,158 | +20.2% |
| Taxes | 450/3 | €10,136 | €16,742 | +€6,607 | +65.2% |
| Remuneration and social security | 454/9 | €10,445 | €7,996 | -€2,449 | -23.4% |
| Turnover | 70 | €526,527 | €721,869 | +€195,342 | +37.1% |
| Non-recurring operating income | 76A | - | €3,560 | +€3,560 | |
| Goods, raw materials, services and sundry goods | 60/61 | €465,190 | €626,486 | +€161,296 | +34.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,237 | €10,237 | +€0 | 0.0% |
| Other operating charges | 640/8 | €386 | €459 | +€73 | +18.9% |
| Non-recurring operating charges | 66A | - | €3,672 | +€3,672 | |
| Gross operating margin | 9900 | €61,337 | €98,943 | +€37,607 | +61.3% |
| Operating profit (loss) | 9901 | €50,714 | €84,575 | +€33,862 | +66.8% |
| Financial income | 75/76B | €42 | €128 | +€86 | +205.9% |
| Recurring financial income | 75 | €42 | €128 | +€86 | +205.9% |
| Financial charges | 65/66B | €240 | €1,902 | +€1,663 | +694.1% |
| Recurring financial charges | 65 | €240 | €1,902 | +€1,663 | +694.1% |
| Profit (loss) for the period before taxes | 9903 | €50,516 | €82,801 | +€32,285 | +63.9% |
| Income taxes | 67/77 | €10,136 | €16,742 | +€6,607 | +65.2% |
| Profit (loss) for the period | 9904 | €40,380 | €66,059 | +€25,678 | +63.6% |
| Profit (loss) for the period to be appropriated | 9905 | €40,380 | €66,059 | +€25,678 | +63.6% |
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.