Orange Belgium S.A.

ESEF

Annual consolidated revenue for 2025: about EUR 1.963B, using the latest reported figures. The previous period, 2024, was about EUR 1.994B.

Watchlist

Latest fiscal year

Revenue

1.96 billion EUR

2025 · EUR

Exact inputs and evidence
  • Revenue: 1963353000 EUR Source

Operating margin

6.94%

2025 · %

Exact inputs and evidence
  • Operating Income: 136342000 EUR Source
  • Revenue: 1963353000 EUR Source

Operating cash flow

526 million EUR

2025 · EUR

Exact inputs and evidence
  • Operating Cash Flow: 525684000 EUR Source

Free cash flow

149 million EUR

2025 · EUR

Exact inputs and evidence
  • Operating Cash Flow: 525684000 EUR Source
  • Capital Expenditure Including Intangibles: 376362000 EUR Source
Cash and cash equivalents
80.6 million EUR Source
Exact value

80628000 EUR

Long-term debt including current maturities
Not available
Shares outstanding
Not available

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-04-07.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 6 of 11 periods available· newest 2025-12-31
  • Operating income: 6 of 11 periods available· newest 2025-12-31
  • Net income: 6 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 6 of 11 periods available· newest 2025-12-31
  • capital expenditure: No compatible figures in this window
  • Total assets: 6 of 11 periods available· newest 2025-12-31
  • liabilities: No compatible figures in this window
  • Current assets: 6 of 11 periods available· newest 2025-12-31
  • Current liabilities: 6 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 6 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -1.5%

    Prior period

    EUR 1.99 billion

    –

    Current period

    EUR 1.96 billion

    –

    Exact inputs and evidence

    1963353000 − 1993743000 = -30390000 EUR

    1993743000 EUR · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    1963353000 EUR · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Net income

    +86.5%

    Prior period

    EUR 22.15 million

    –

    Current period

    EUR 41.31 million

    –

    Exact inputs and evidence

    41308000 − 22149000 = 19159000 EUR

    22149000 EUR · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    41308000 EUR · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Operating cash flow

    +4.6%

    Prior period

    EUR 502.79 million

    –

    Current period

    EUR 525.68 million

    –

    Exact inputs and evidence

    525684000 − 502787000 = 22897000 EUR

    502787000 EUR · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    525684000 EUR · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue EUR 1.96 billion 100% of revenue
  • Operating costs Derived EUR 1.83 billion 93% of revenue
  • Operating income EUR 136.34 million 6.9% of revenue
  • Tax, interest and other Derived EUR 95.03 million 4.8% of revenue
  • Net income EUR 41.31 million 2.1% of revenue

Cash

  • Operating cash flow EUR 525.68 million 27% of revenue
  • Capital expenditure including intangibles EUR 376.36 million 19% of revenue
  • Free cash flow Derived Capital expenditure here includes intangible assets. EUR 149.32 million 7.6% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2020 95%
  • 2021 96%
  • 2022 93%
  • 2023 95%
  • 2024 94%
  • 2025 93%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2020 2020-01-01 – 2020-12-311314868000 1245511000 Derived 69357000 15377000 Derived 53980000 166700000 Derived Capital expenditure here includes intangible assets.
Source
2021 2021-01-01 – 2021-12-311363472000 1307743000 Derived 55729000 16006000 Derived 39723000 141971000 Derived Capital expenditure here includes intangible assets.
Source
2022 2022-01-01 – 2022-12-311391214000 1295469000 Derived 95745000 37586000 Derived 58159000 -387414000 Derived Capital expenditure here includes intangible assets.
Source
2023 2023-01-01 – 2023-12-311749480000 1670678000 Derived 78802000 78758000 Derived 44000 73185000 Derived Capital expenditure here includes intangible assets.
Source
2024 2024-01-01 – 2024-12-311993743000 1874897000 Derived 118846000 96697000 Derived 22149000 134273000 Derived Capital expenditure here includes intangible assets.
Source
2025 2025-01-01 – 2025-12-311963353000 1827011000 Derived 136342000 95034000 Derived 41308000 149322000 Derived Capital expenditure here includes intangible assets.
Source

Amounts are exact, in EUR.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

EUR 2B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.2B1.6B1.1B538.3M0.0202020232025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(EUR)Source evidence
2020Revenue1314868000
2021Revenue1363472000
2022Revenue1391214000
2023Revenue1749480000
2024Revenue1993743000
2025Revenue1963353000

Revenue growth

Change in revenue from the same financial period one year earlier.

-1.5% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.27.9%20.0%12.1%4.2%-3.7%202020232025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2020Year over yearNo prior comparable period
2021Year over year3.7%
2022Year over year2%
2023Year over year25.8%
2024Year over year14%
2025Year over year-1.5%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 6.9% 2025
Net margin 2.1% 2025
Free cash flow margin 7.6% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.16%4%-8%-19%-31%202020232025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2020Operating margin5.3%
2021Operating margin4.1%
2022Operating margin6.9%
2023Operating margin4.5%
2024Operating margin6%
2025Operating margin6.9%
2020Net margin4.1%
2021Net margin2.9%
2022Net margin4.2%
2023Net margin0%
2024Net margin1.1%
2025Net margin2.1%
2020Free cash flow margin12.7%
2021Free cash flow margin10.4%
2022Free cash flow margin-27.8%
2023Free cash flow margin4.2%
2024Free cash flow margin6.7%
2025Free cash flow margin7.6%

Operating cash flow

Cash generated by the company’s normal business operations.

EUR 525.7M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.567.7M425.8M283.9M141.9M0.0202020232025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(EUR)Source evidence
2020Operating cash flow344434000
2021Operating cash flow367852000
2022Operating cash flow389503000
2023Operating cash flow377279000
2024Operating cash flow502787000
2025Operating cash flow525684000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

EUR 149.3M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.211.0M50.3M-110.4M-271.1M-431.7M202020232025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(EUR)Source evidence
2020Free cash flow166700000
2021Free cash flow141971000
2022Free cash flow-387414000
2023Free cash flow73185000
2024Free cash flow134273000
2025Free cash flow149322000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

Not enough comparable data to show this history.
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2020-12-31Liabilities / assetsNot reported
2021-12-31Liabilities / assetsNot reported
2022-12-31Liabilities / assetsNot reported
2023-12-31Liabilities / assetsNot reported
2024-12-31Liabilities / assetsNot reported
2025-12-31Liabilities / assetsNot reported

Current assets to current liabilities

Current assets divided by current liabilities.

0.54× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.0.66×0.50×0.33×0.17×0.00×202020232025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2020Current assets / current liabilities0.48×
2021Current assets / current liabilities0.61×
2022Current assets / current liabilities0.37×
2023Current assets / current liabilities0.43×
2024Current assets / current liabilities0.61×
2025Current assets / current liabilities0.54×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2020 2020-01-01 – 2020-12-31
EUR 53.98 million
Exact value

Exact value: 53980000 EUR

2020-01-01 – 2020-12-31: 53980000 EUR Inspect Net Income Open source
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EUR 344.43 million
Exact value

Exact value: 344434000 EUR

2020-01-01 – 2020-12-31: 344434000 EUR Inspect Operating Cash Flow Open source
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EUR 177.73 million Capital expenditure here includes intangible assets.
Exact value

Exact value: 177734000 EUR

2020-01-01 – 2020-12-31: 177734000 EUR Inspect Capital Expenditure Including Intangibles Open source
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EUR 166.7 million Capital expenditure here includes intangible assets.
Calculation and evidence

344434000 − 177734000 EUR

Exact free cash flow: 166700000 EUR

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2021 2021-01-01 – 2021-12-31
EUR 39.72 million
Exact value

Exact value: 39723000 EUR

2021-01-01 – 2021-12-31: 39723000 EUR Inspect Net Income Open source
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EUR 367.85 million
Exact value

Exact value: 367852000 EUR

2021-01-01 – 2021-12-31: 367852000 EUR Inspect Operating Cash Flow Open source
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EUR 225.88 million Capital expenditure here includes intangible assets.
Exact value

Exact value: 225881000 EUR

2021-01-01 – 2021-12-31: 225881000 EUR Inspect Capital Expenditure Including Intangibles Open source
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EUR 141.97 million Capital expenditure here includes intangible assets.
Calculation and evidence

367852000 − 225881000 EUR

Exact free cash flow: 141971000 EUR

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2022 2022-01-01 – 2022-12-31
EUR 58.16 million
Exact value

Exact value: 58159000 EUR

2022-01-01 – 2022-12-31: 58159000 EUR Inspect Net Income Open source
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EUR 389.5 million
Exact value

Exact value: 389503000 EUR

2022-01-01 – 2022-12-31: 389503000 EUR Inspect Operating Cash Flow Open source
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EUR 776.92 million Capital expenditure here includes intangible assets.
Exact value

Exact value: 776917000 EUR

2022-01-01 – 2022-12-31: 776917000 EUR Inspect Capital Expenditure Including Intangibles Open source
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−EUR 387.41 million Capital expenditure here includes intangible assets.
Calculation and evidence

389503000 − 776917000 EUR

Exact free cash flow: -387414000 EUR

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2023 2023-01-01 – 2023-12-31
EUR 44,000
Exact value

Exact value: 44000 EUR

2023-01-01 – 2023-12-31: 44000 EUR Inspect Net Income Open source
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EUR 377.28 million
Exact value

Exact value: 377279000 EUR

2023-01-01 – 2023-12-31: 377279000 EUR Inspect Operating Cash Flow Open source
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EUR 304.09 million Capital expenditure here includes intangible assets.
Exact value

Exact value: 304094000 EUR

2023-01-01 – 2023-12-31: 304094000 EUR Inspect Capital Expenditure Including Intangibles Open source
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EUR 73.19 million Capital expenditure here includes intangible assets.
Calculation and evidence

377279000 − 304094000 EUR

Exact free cash flow: 73185000 EUR

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2024 2024-01-01 – 2024-12-31
EUR 22.15 million
Exact value

Exact value: 22149000 EUR

2024-01-01 – 2024-12-31: 22149000 EUR Inspect Net Income Open source
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EUR 502.79 million
Exact value

Exact value: 502787000 EUR

2024-01-01 – 2024-12-31: 502787000 EUR Inspect Operating Cash Flow Open source
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EUR 368.51 million Capital expenditure here includes intangible assets.
Exact value

Exact value: 368514000 EUR

2024-01-01 – 2024-12-31: 368514000 EUR Inspect Capital Expenditure Including Intangibles Open source
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EUR 134.27 million Capital expenditure here includes intangible assets.
Calculation and evidence

502787000 − 368514000 EUR

Exact free cash flow: 134273000 EUR

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2025 2025-01-01 – 2025-12-31
EUR 41.31 million
Exact value

Exact value: 41308000 EUR

2025-01-01 – 2025-12-31: 41308000 EUR Inspect Net Income Open source
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EUR 525.68 million
Exact value

Exact value: 525684000 EUR

2025-01-01 – 2025-12-31: 525684000 EUR Inspect Operating Cash Flow Open source
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EUR 376.36 million Capital expenditure here includes intangible assets.
Exact value

Exact value: 376362000 EUR

2025-01-01 – 2025-12-31: 376362000 EUR Inspect Capital Expenditure Including Intangibles Open source
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EUR 149.32 million Capital expenditure here includes intangible assets.
Calculation and evidence

525684000 − 376362000 EUR

Exact free cash flow: 149322000 EUR

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

12 filings · 393 latest values · 393 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 5493007JS0ZHJVBUWP18, esef:5493007JS0ZHJVBUWP18