Orzo: what changed
Two fiscal 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.
Orzo
Largest movements
- Receivables within one year -€32,992
down €32,992 (-84.6%), from €39,000 to €6,007
of which Trade receivables: -€28,064
- Cash +€10,328
up €10,328 (+45.4%), from €22,767 to €33,095
mainly Net result for the year (+€35,931) and Receivables within one year (+€32,992)
- Tangible fixed assets -€6,575
down €6,575 (-17.5%), from €37,462 to €30,887
- Other debts -€11,383
down €11,383 (-23.2%), from €49,000 to €37,617
- Debts after one year -€10,188
down €10,188 (-62.3%), from €16,353 to €6,165
- Tax, wage and social debts -€8,291
down €8,291 (-40.8%), from €20,319 to €12,028
- Gross operating margin -€13,131
down €13,131 (-18.2%), from €72,036 to €58,905
- Taxes -€4,200
down €4,200 (-27.8%), from €15,100 to €10,900
- Depreciation +€4,159
up €4,159 (+83.3%), from €4,994 to €9,154
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 | €100,381 | €71,165 | -€29,216 | -29.1% |
| Fixed assets | 21/28 | €37,462 | €30,887 | -€6,575 | -17.5% |
| Tangible fixed assets | 22/27 | €37,462 | €30,887 | -€6,575 | -17.5% |
| Furniture and vehicles | 24 | €37,462 | €30,887 | -€6,575 | -17.5% |
| Current assets | 29/58 | €62,919 | €40,277 | -€22,642 | -36.0% |
| Amounts receivable within one year | 40/41 | €39,000 | €6,007 | -€32,992 | -84.6% |
| Trade receivables | 40 | €34,072 | €6,007 | -€28,064 | -82.4% |
| Other amounts receivable | 41 | €4,928 | - | -€4,928 | |
| Cash at bank and in hand | 54/58 | €22,767 | €33,095 | +€10,328 | +45.4% |
| Deferred charges and accrued income | 490/1 | €1,152 | €1,174 | +€22 | +1.9% |
| Total equity and liabilities | 10/49 | €100,381 | €71,165 | -€29,216 | -29.1% |
| Equity | 10/15 | €3,760 | €3,000 | -€760 | -20.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €760 | - | -€760 | |
| Amounts payable | 17/49 | €96,621 | €68,165 | -€28,456 | -29.5% |
| Amounts payable after more than one year | 17 | €16,353 | €6,165 | -€10,188 | -62.3% |
| Financial debts | 170/4 | €16,353 | €6,165 | -€10,188 | -62.3% |
| Amounts payable within one year | 42/48 | €80,268 | €62,000 | -€18,268 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €9,726 | €10,188 | +€462 | +4.8% |
| Trade debts | 44 | €1,223 | €2,166 | +€944 | +77.2% |
| Suppliers | 440/4 | €1,223 | €2,166 | +€944 | +77.2% |
| Taxes, remuneration and social security | 45 | €20,319 | €12,028 | -€8,291 | -40.8% |
| Taxes | 450/3 | €20,319 | €12,028 | -€8,291 | -40.8% |
| Other amounts payable | 47/48 | €49,000 | €37,617 | -€11,383 | -23.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,994 | €9,154 | +€4,159 | +83.3% |
| Other operating charges | 640/8 | €1,566 | €1,845 | +€280 | +17.9% |
| Gross operating margin | 9900 | €72,036 | €58,905 | -€13,131 | -18.2% |
| Operating profit (loss) | 9901 | €65,476 | €47,906 | -€17,570 | -26.8% |
| Financial income | 75/76B | €158 | €92 | -€65 | -41.5% |
| Recurring financial income | 75 | €158 | €92 | -€65 | -41.5% |
| Financial charges | 65/66B | €857 | €1,167 | +€310 | +36.2% |
| Recurring financial charges | 65 | €857 | €1,167 | +€310 | +36.2% |
| Profit (loss) for the period before taxes | 9903 | €64,777 | €46,831 | -€17,945 | -27.7% |
| Income taxes | 67/77 | €15,100 | €10,900 | -€4,200 | -27.8% |
| Profit (loss) for the period | 9904 | €49,677 | €35,931 | -€13,745 | -27.7% |
| Profit (loss) for the period to be appropriated | 9905 | €49,677 | €35,931 | -€13,745 | -27.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.