PATRICK ORYE: 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.
PATRICK ORYE
Largest movements
- Current investments +€516,000
up €516,000 (+1,173%), from €44,000 to €560,000
- Tangible fixed assets -€171,836
down €171,836 (-54.5%), from €315,124 to €143,288
of which Land and buildings: -€176,553
- Cash -€156,354
down €156,354 (-84.3%), from €185,419 to €29,065
mainly Current investments (-€516,000) and Contributions, distributions and other (-€303,787)
- Receivables within one year -€23,580
down €23,580 (-37.5%), from €62,955 to €39,375
of which Other amounts receivable: -€19,942
- Other debts +€280,056
up €280,056 (+3,808%), from €7,354 to €287,409
- Reserves -€120,696
down €120,696 (-20.8%), from €580,480 to €459,784
- Tax, wage and social debts +€16,604
up €16,604 (+496%), from €3,345 to €19,950
- Current portion of long-term debt -€10,688
down €10,688 (-100%), from €10,688 to €0
- Gross operating margin +€134,793
up €134,793 (+94.2%), from €143,140 to €277,933
- Taxes +€46,212
up €46,212 (+128%), from €36,007 to €82,219
- Financial income +€4,233
up €4,233 (+95.9%), from €4,413 to €8,646
- Other operating charges -€3,272
down €3,272 (-80.0%), from €4,093 to €820
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 | €610,150 | €774,382 | +€164,233 | +26.9% |
| Fixed assets | 21/28 | €317,016 | €145,181 | -€171,836 | -54.2% |
| Tangible fixed assets | 22/27 | €315,124 | €143,288 | -€171,836 | -54.5% |
| Land and buildings | 22 | €314,024 | €137,471 | -€176,553 | -56.2% |
| Furniture and vehicles | 24 | €1,100 | €5,817 | +€4,717 | +429% |
| Financial fixed assets | 28 | €1,892 | €1,892 | = | 0.0% |
| Current assets | 29/58 | €293,133 | €629,202 | +€336,068 | +115% |
| Amounts receivable within one year | 40/41 | €62,955 | €39,375 | -€23,580 | -37.5% |
| Trade receivables | 40 | €3,638 | €0 | -€3,638 | -100% |
| Other amounts receivable | 41 | €59,317 | €39,375 | -€19,942 | -33.6% |
| Current investments | 50/53 | €44,000 | €560,000 | +€516,000 | +1,173% |
| Cash at bank and in hand | 54/58 | €185,419 | €29,065 | -€156,354 | -84.3% |
| Deferred charges and accrued income | 490/1 | €760 | €762 | +€2 | +0.3% |
| Total equity and liabilities | 10/49 | €610,150 | €774,382 | +€164,233 | +26.9% |
| Equity | 10/15 | €586,680 | €465,984 | -€120,696 | -20.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €580,480 | €459,784 | -€120,696 | -20.8% |
| Distributable reserves | 133 | €580,480 | €459,784 | -€120,696 | -20.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €23,470 | €308,399 | +€284,928 | +1,214% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €22,015 | €307,399 | +€285,384 | +1,296% |
| Current portion of amounts payable after more than one year | 42 | €10,688 | €0 | -€10,688 | -100% |
| Trade debts | 44 | €627 | €40 | -€588 | -93.7% |
| Suppliers | 440/4 | €627 | €40 | -€588 | -93.7% |
| Taxes, remuneration and social security | 45 | €3,345 | €19,950 | +€16,604 | +496% |
| Taxes | 450/3 | €3,345 | €19,950 | +€16,604 | +496% |
| Other amounts payable | 47/48 | €7,354 | €287,409 | +€280,056 | +3,808% |
| Accrued charges and deferred income | 492/3 | €1,455 | €1,000 | -€455 | -31.3% |
| Non-recurring operating income | 76A | €0 | €134,185 | +€134,185 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,726 | €19,491 | -€1,235 | -6.0% |
| Other operating charges | 640/8 | €4,093 | €820 | -€3,272 | -80.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €143,140 | €277,933 | +€134,793 | +94.2% |
| Operating profit (loss) | 9901 | €118,322 | €257,622 | +€139,300 | +118% |
| Financial income | 75/76B | €4,413 | €8,646 | +€4,233 | +95.9% |
| Recurring financial income | 75 | €4,413 | €8,646 | +€4,233 | +95.9% |
| Financial charges | 65/66B | €1,815 | €958 | -€857 | -47.2% |
| Recurring financial charges | 65 | €1,815 | €958 | -€857 | -47.2% |
| Profit (loss) for the period before taxes | 9903 | €120,920 | €265,310 | +€144,390 | +119% |
| Income taxes | 67/77 | €36,007 | €82,219 | +€46,212 | +128% |
| Profit (loss) for the period | 9904 | €84,913 | €183,091 | +€98,179 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €84,913 | €183,091 | +€98,179 | +116% |
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 28 October 2026 via checked.be.