Immo Orthotec: 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.
Immo Orthotec
Largest movements
- Tangible fixed assets -€27,331
down €27,331 (-1.9%), from €1.4m to €1.4m
- Debts after one year -€53,925
down €53,925 (-4.2%), from €1.3m to €1.2m
- Reserves +€52,000
up €52,000 (+38.8%), from €134,000 to €186,000
- Current portion of long-term debt -€39,837
down €39,837 (-38.3%), from €103,926 to €64,089
- Gross operating margin -€94,657
down €94,657 (-43.8%), from €216,034 to €121,377
- Taxes -€41,401
down €41,401 (-73.2%), from €56,557 to €15,156
- Financial charges +€2,573
up €2,573 (+16.6%), from €15,529 to €18,103
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 | €1,660,368 | €1,634,005 | -€26,363 | -1.6% |
| Fixed assets | 21/28 | €1,447,767 | €1,420,436 | -€27,331 | -1.9% |
| Tangible fixed assets | 22/27 | €1,447,767 | €1,420,436 | -€27,331 | -1.9% |
| Land and buildings | 22 | €1,447,767 | €1,420,436 | -€27,331 | -1.9% |
| Current assets | 29/58 | €212,601 | €213,569 | +€968 | +0.5% |
| Cash at bank and in hand | 54/58 | €212,601 | €209,919 | -€2,683 | -1.3% |
| Deferred charges and accrued income | 490/1 | - | €3,650 | +€3,650 | |
| Total equity and liabilities | 10/49 | €1,660,368 | €1,634,005 | -€26,363 | -1.6% |
| Equity | 10/15 | €238,733 | €291,247 | +€52,514 | +22.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | - | -€18,592 | |
| Other | 1109/19 | €18,592 | - | -€18,592 | |
| Reserves | 13 | €134,000 | €186,000 | +€52,000 | +38.8% |
| Distributable reserves | 133 | €134,000 | €186,000 | +€52,000 | +38.8% |
| Profit (loss) carried forward | 14 | €86,141 | €86,655 | +€514 | +0.6% |
| Amounts payable | 17/49 | €1,421,635 | €1,342,758 | -€78,878 | -5.5% |
| Amounts payable after more than one year | 17 | €1,272,127 | €1,218,203 | -€53,925 | -4.2% |
| Financial debts | 170/4 | €1,272,127 | €1,218,203 | -€53,925 | -4.2% |
| Amounts payable within one year | 42/48 | €149,508 | €124,555 | -€24,953 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €103,926 | €64,089 | -€39,837 | -38.3% |
| Trade debts | 44 | €782 | €3,466 | +€2,684 | +343% |
| Suppliers | 440/4 | €782 | €3,466 | +€2,684 | +343% |
| Taxes, remuneration and social security | 45 | €44,800 | €57,000 | +€12,200 | +27.2% |
| Taxes | 450/3 | €44,800 | €57,000 | +€12,200 | +27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,331 | €27,331 | = | 0.0% |
| Other operating charges | 640/8 | €7,602 | €8,274 | +€672 | +8.8% |
| Gross operating margin | 9900 | €216,034 | €121,377 | -€94,657 | -43.8% |
| Operating profit (loss) | 9901 | €181,101 | €85,772 | -€95,329 | -52.6% |
| Financial charges | 65/66B | €15,529 | €18,103 | +€2,573 | +16.6% |
| Recurring financial charges | 65 | €15,529 | €18,103 | +€2,573 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | €165,572 | €67,670 | -€97,902 | -59.1% |
| Income taxes | 67/77 | €56,557 | €15,156 | -€41,401 | -73.2% |
| Profit (loss) for the period | 9904 | €109,015 | €52,514 | -€56,501 | -51.8% |
| Profit (loss) for the period to be appropriated | 9905 | €109,015 | €52,514 | -€56,501 | -51.8% |
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 23 October 2026 via checked.be.