ORVINO: 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.
ORVINO
Largest movements
- Tangible fixed assets +€261,243
up €261,243 (+56.6%), from €461,239 to €722,483
of which Land and buildings: +€262,360
- Cash -€15,897
no longer reported in 2025 (was €15,897)
mainly Investment in fixed assets (net) (-€300,000) and Current portion of long-term debt (-€51,054)
- Receivables within one year +€8,330
up €8,330 (+100%), from €8,327 to €16,657
of which Other amounts receivable: +€7,416
- Debts after one year +€259,225
new in 2025: €259,225
- Other debts +€93,613
up €93,613 (+77.5%), from €120,762 to €214,374
- Current portion of long-term debt -€51,054
down €51,054 (-45.3%), from €112,599 to €61,545
- Profit (loss) carried forward -€42,963
down €42,963 (-89.9%), from -€47,805 to -€90,768
- Trade debts -€14,233
down €14,233 (-29.5%), from €48,221 to €33,989
- Other operating charges +€46,127
up €46,127 (+519%), from €8,891 to €55,019
- Gross operating margin -€16,172
down €16,172 (-18.8%), from €86,198 to €70,026
- Depreciation +€11,481
up €11,481 (+42.1%), from €27,275 to €38,757
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 | €488,777 | €742,453 | +€253,676 | +51.9% |
| Fixed assets | 21/28 | €461,239 | €722,483 | +€261,243 | +56.6% |
| Tangible fixed assets | 22/27 | €461,239 | €722,483 | +€261,243 | +56.6% |
| Land and buildings | 22 | €456,773 | €719,133 | +€262,360 | +57.4% |
| Plant, machinery and equipment | 23 | €4,466 | €3,350 | -€1,117 | -25.0% |
| Current assets | 29/58 | €27,537 | €19,970 | -€7,567 | -27.5% |
| Stocks and contracts in progress | 3 | €3,313 | €3,313 | = | 0.0% |
| Stocks | 30/36 | €3,313 | €3,313 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,327 | €16,657 | +€8,330 | +100% |
| Trade receivables | 40 | - | €914 | +€914 | |
| Other amounts receivable | 41 | €8,327 | €15,744 | +€7,416 | +89.1% |
| Cash at bank and in hand | 54/58 | €15,897 | - | -€15,897 | |
| Total equity and liabilities | 10/49 | €488,777 | €742,453 | +€253,676 | +51.9% |
| Equity | 10/15 | €207,195 | €164,232 | -€42,963 | -20.7% |
| Contributions | 10/11 | €255,000 | €255,000 | = | 0.0% |
| Capital | 10 | €255,000 | €255,000 | = | 0.0% |
| Issued capital | 100 | €255,000 | €255,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€47,805 | -€90,768 | -€42,963 | -89.9% |
| Amounts payable | 17/49 | €281,582 | €578,221 | +€296,639 | +105% |
| Amounts payable after more than one year | 17 | - | €259,225 | +€259,225 | |
| Financial debts | 170/4 | - | €259,225 | +€259,225 | |
| Amounts payable within one year | 42/48 | €281,582 | €318,997 | +€37,415 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €112,599 | €61,545 | -€51,054 | -45.3% |
| Financial debts | 43 | - | €9,089 | +€9,089 | |
| Credit institutions | 430/8 | - | €9,089 | +€9,089 | |
| Trade debts | 44 | €48,221 | €33,989 | -€14,233 | -29.5% |
| Suppliers | 440/4 | €48,221 | €33,989 | -€14,233 | -29.5% |
| Other amounts payable | 47/48 | €120,762 | €214,374 | +€93,613 | +77.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,275 | €38,757 | +€11,481 | +42.1% |
| Other operating charges | 640/8 | €8,891 | €55,019 | +€46,127 | +519% |
| Gross operating margin | 9900 | €86,198 | €70,026 | -€16,172 | -18.8% |
| Operating profit (loss) | 9901 | €50,031 | -€23,750 | -€73,781 | |
| Financial charges | 65/66B | €19,548 | €19,142 | -€406 | -2.1% |
| Recurring financial charges | 65 | €19,548 | €19,142 | -€406 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €30,483 | -€42,892 | -€73,375 | |
| Income taxes | 67/77 | - | €71 | +€71 | |
| Profit (loss) for the period | 9904 | €30,483 | -€42,963 | -€73,445 | |
| Profit (loss) for the period to be appropriated | 9905 | €30,483 | -€42,963 | -€73,445 |
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 17 October 2026 via checked.be.