ORX: 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.
ORX
Largest movements
- Receivables within one year +€13,537
up €13,537 (+45.4%), from €29,797 to €43,334
of which Trade receivables: +€8,740
- Cash -€5,064
down €5,064 (-99.3%), from €5,098 to €34
mainly Receivables within one year (-€13,537) and Tax, wage and social debts (-€6,732)
- Deferred charges and accrued income +€1,916
up €1,916 (+103%), from €1,867 to €3,783
- Tangible fixed assets -€1,482
down €1,482 (-59.5%), from €2,492 to €1,010
- Trade debts +€11,023
up €11,023 (+53.2%), from €20,723 to €31,746
- Tax, wage and social debts -€6,732
down €6,732 (-96.7%), from €6,965 to €233
- Short-term financial debts +€2,654
new in 2025: €2,654
- Profit (loss) carried forward +€1,951
up €1,951 (+11.7%), from -€16,731 to -€14,780
- Gross operating margin +€13,871
up €13,871, from -€8,133 to €5,738
- Depreciation -€1,309
down €1,309 (-46.9%), from €2,791 to €1,482
- Financial charges -€475
down €475 (-42.4%), from €1,119 to €644
- Other operating charges -€388
down €388 (-59.4%), from €653 to €265
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 | €109,254 | €118,161 | +€8,907 | +8.2% |
| Fixed assets | 21/28 | €2,492 | €1,010 | -€1,482 | -59.5% |
| Tangible fixed assets | 22/27 | €2,492 | €1,010 | -€1,482 | -59.5% |
| Furniture and vehicles | 24 | €2,492 | €1,010 | -€1,482 | -59.5% |
| Current assets | 29/58 | €106,762 | €117,151 | +€10,389 | +9.7% |
| Amounts receivable after more than one year | 29 | €70,000 | €70,000 | = | 0.0% |
| Other amounts receivable | 291 | €70,000 | €70,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €29,797 | €43,334 | +€13,537 | +45.4% |
| Trade receivables | 40 | €22,661 | €31,401 | +€8,740 | +38.6% |
| Other amounts receivable | 41 | €7,136 | €11,933 | +€4,797 | +67.2% |
| Cash at bank and in hand | 54/58 | €5,098 | €34 | -€5,064 | -99.3% |
| Deferred charges and accrued income | 490/1 | €1,867 | €3,783 | +€1,916 | +103% |
| Total equity and liabilities | 10/49 | €109,254 | €118,161 | +€8,907 | +8.2% |
| Equity | 10/15 | €80,199 | €82,150 | +€1,951 | +2.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €76,930 | €76,930 | = | 0.0% |
| Distributable reserves | 133 | €76,930 | €76,930 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,731 | -€14,780 | +€1,951 | +11.7% |
| Amounts payable | 17/49 | €29,055 | €36,011 | +€6,956 | +23.9% |
| Amounts payable within one year | 42/48 | €27,688 | €34,633 | +€6,945 | +25.1% |
| Financial debts | 43 | - | €2,654 | +€2,654 | |
| Credit institutions | 430/8 | - | €2,654 | +€2,654 | |
| Trade debts | 44 | €20,723 | €31,746 | +€11,023 | +53.2% |
| Suppliers | 440/4 | €20,723 | €31,746 | +€11,023 | +53.2% |
| Taxes, remuneration and social security | 45 | €6,965 | €233 | -€6,732 | -96.7% |
| Taxes | 450/3 | €6,965 | €233 | -€6,732 | -96.7% |
| Accrued charges and deferred income | 492/3 | €1,367 | €1,378 | +€11 | +0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,791 | €1,482 | -€1,309 | -46.9% |
| Other operating charges | 640/8 | €653 | €265 | -€388 | -59.4% |
| Non-recurring operating charges | 66A | €5,000 | €1,250 | -€3,750 | -75.0% |
| Gross operating margin | 9900 | -€8,133 | €5,738 | +€13,871 | |
| Operating profit (loss) | 9901 | -€16,577 | €2,741 | +€19,318 | |
| Financial income | 75/76B | €56 | €5 | -€51 | -91.1% |
| Recurring financial income | 75 | €56 | €5 | -€51 | -91.1% |
| Financial charges | 65/66B | €1,119 | €644 | -€475 | -42.4% |
| Recurring financial charges | 65 | €1,119 | €644 | -€475 | -42.4% |
| Profit (loss) for the period before taxes | 9903 | -€17,640 | €2,102 | +€19,742 | |
| Income taxes | 67/77 | €144 | €151 | +€7 | +4.9% |
| Profit (loss) for the period | 9904 | -€17,784 | €1,951 | +€19,735 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,784 | €1,951 | +€19,735 |
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 20 October 2026 via checked.be.