ORAN: 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.
ORAN
Largest movements
- Stocks and contracts -€203,758
down €203,758 (-37.6%), from €542,149 to €338,391
- Cash +€132,258
up €132,258 (+428%), from €30,870 to €163,128
mainly Stocks and contracts (+€203,758) and Net result for the year (+€72,886)
- Receivables within one year +€31,723
up €31,723 (+43.2%), from €73,459 to €105,182
of which Trade receivables: +€26,196
- Tangible fixed assets -€16,147
down €16,147 (-12.0%), from €134,890 to €118,743
of which Furniture and vehicles: -€20,344
- Trade debts -€86,203
down €86,203 (-87.3%), from €98,762 to €12,559
- Profit (loss) carried forward +€72,886
up €72,886, from €0 to €72,886
- Debts after one year -€26,045
down €26,045 (-33.1%), from €78,734 to €52,690
- Current portion of long-term debt -€10,854
down €10,854 (-29.4%), from €36,899 to €26,045
- Gross operating margin -€7,883
down €7,883 (-4.8%), from €163,606 to €155,723
- Depreciation +€2,349
up €2,349 (+6.8%), from €34,518 to €36,867
- Financial charges -€1,770
down €1,770 (-21.7%), from €8,155 to €6,385
- Taxes -€1,711
down €1,711 (-4.3%), from €40,010 to €38,298
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 | €968,478 | €912,869 | -€55,608 | -5.7% |
| Fixed assets | 21/28 | €284,890 | €268,743 | -€16,147 | -5.7% |
| Tangible fixed assets | 22/27 | €134,890 | €118,743 | -€16,147 | -12.0% |
| Land and buildings | 22 | €6,367 | €10,563 | +€4,196 | +65.9% |
| Furniture and vehicles | 24 | €128,523 | €108,180 | -€20,344 | -15.8% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €683,587 | €644,127 | -€39,461 | -5.8% |
| Amounts receivable after more than one year | 29 | €36,840 | €33,944 | -€2,895 | -7.9% |
| Other amounts receivable | 291 | €36,840 | €33,944 | -€2,895 | -7.9% |
| Stocks and contracts in progress | 3 | €542,149 | €338,391 | -€203,758 | -37.6% |
| Stocks | 30/36 | €542,149 | €338,391 | -€203,758 | -37.6% |
| Amounts receivable within one year | 40/41 | €73,459 | €105,182 | +€31,723 | +43.2% |
| Trade receivables | 40 | €70,355 | €96,551 | +€26,196 | +37.2% |
| Other amounts receivable | 41 | €3,105 | €8,632 | +€5,527 | +178% |
| Current investments | 50/53 | €270 | €270 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €30,870 | €163,128 | +€132,258 | +428% |
| Deferred charges and accrued income | 490/1 | €0 | €3,211 | +€3,211 | |
| Total equity and liabilities | 10/49 | €968,478 | €912,869 | -€55,608 | -5.7% |
| Equity | 10/15 | €519,930 | €592,817 | +€72,886 | +14.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €501,330 | €501,330 | = | 0.0% |
| Distributable reserves | 133 | €501,330 | €501,330 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €72,886 | +€72,886 | |
| Amounts payable | 17/49 | €448,547 | €320,053 | -€128,494 | -28.6% |
| Amounts payable after more than one year | 17 | €78,734 | €52,690 | -€26,045 | -33.1% |
| Financial debts | 170/4 | €78,734 | €52,690 | -€26,045 | -33.1% |
| Amounts payable within one year | 42/48 | €369,813 | €267,363 | -€102,450 | -27.7% |
| Current portion of amounts payable after more than one year | 42 | €36,899 | €26,045 | -€10,854 | -29.4% |
| Trade debts | 44 | €98,762 | €12,559 | -€86,203 | -87.3% |
| Suppliers | 440/4 | €98,762 | €12,559 | -€86,203 | -87.3% |
| Taxes, remuneration and social security | 45 | €22,374 | €14,789 | -€7,585 | -33.9% |
| Taxes | 450/3 | €22,374 | €14,289 | -€8,085 | -36.1% |
| Remuneration and social security | 454/9 | €0 | €500 | +€500 | |
| Other amounts payable | 47/48 | €211,778 | €213,970 | +€2,192 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,518 | €36,867 | +€2,349 | +6.8% |
| Other operating charges | 640/8 | €2,936 | €3,222 | +€286 | +9.8% |
| Gross operating margin | 9900 | €163,606 | €155,723 | -€7,883 | -4.8% |
| Operating profit (loss) | 9901 | €126,152 | €115,634 | -€10,518 | -8.3% |
| Financial income | 75/76B | €3,105 | €1,935 | -€1,169 | -37.7% |
| Recurring financial income | 75 | €3,105 | €1,935 | -€1,169 | -37.7% |
| Financial charges | 65/66B | €8,155 | €6,385 | -€1,770 | -21.7% |
| Recurring financial charges | 65 | €8,155 | €6,385 | -€1,770 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €121,102 | €111,184 | -€9,917 | -8.2% |
| Income taxes | 67/77 | €40,010 | €38,298 | -€1,711 | -4.3% |
| Profit (loss) for the period | 9904 | €81,092 | €72,886 | -€8,206 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €81,092 | €72,886 | -€8,206 | -10.1% |
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.