ORETIKON: 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.
ORETIKON
Largest movements
- Cash -€196,428
down €196,428 (-65.8%), from €298,394 to €101,966
mainly Net result for the year (-€299,023) and Other debts (-€122,346)
- Current investments +€104,000
new in 2025: €104,000
- Receivables within one year -€82,097
down €82,097 (-50.0%), from €164,269 to €82,173
of which Trade receivables: -€71,414
- Deferred charges and accrued income -€55,069
down €55,069 (-87.7%), from €62,778 to €7,709
- Financial fixed assets -€26,250
down €26,250 (-55.3%), from €47,500 to €21,250
- Profit (loss) carried forward -€299,023
down €299,023, from €0 to -€299,023
- Other debts -€122,346
down €122,346 (-71.8%), from €170,341 to €47,995
- Accrued charges and deferred income +€55,372
up €55,372 (+690%), from €8,027 to €63,399
- Debts after one year +€52,799
up €52,799, from €0 to €52,799
- Tax, wage and social debts +€27,146
up €27,146 (+57.5%), from €47,226 to €74,372
of which Taxes: +€31,904
- Gross operating margin -€547,342
down €547,342 (-83.3%), from €657,240 to €109,898
- Staff costs -€106,029
down €106,029 (-22.5%), from €470,495 to €364,467
- Financial income +€9,698
up €9,698 (+1,287%), from €754 to €10,452
of which Non-recurring financial income: +€8,750
- Depreciation -€7,756
down €7,756 (-19.8%), from €39,079 to €31,322
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 | €672,728 | €394,172 | -€278,556 | -41.4% |
| Fixed assets | 21/28 | €147,286 | €98,324 | -€48,962 | -33.2% |
| Tangible fixed assets | 22/27 | €99,786 | €77,074 | -€22,712 | -22.8% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €3,654 | €1,509 | -€2,145 | -58.7% |
| Furniture and vehicles | 24 | €58,033 | €37,753 | -€20,280 | -34.9% |
| Other tangible fixed assets | 26 | €38,099 | €37,812 | -€287 | -0.8% |
| Financial fixed assets | 28 | €47,500 | €21,250 | -€26,250 | -55.3% |
| Current assets | 29/58 | €525,442 | €295,848 | -€229,594 | -43.7% |
| Amounts receivable within one year | 40/41 | €164,269 | €82,173 | -€82,097 | -50.0% |
| Trade receivables | 40 | €153,426 | €82,012 | -€71,414 | -46.5% |
| Other amounts receivable | 41 | €10,843 | €161 | -€10,683 | -98.5% |
| Current investments | 50/53 | - | €104,000 | +€104,000 | |
| Cash at bank and in hand | 54/58 | €298,394 | €101,966 | -€196,428 | -65.8% |
| Deferred charges and accrued income | 490/1 | €62,778 | €7,709 | -€55,069 | -87.7% |
| Total equity and liabilities | 10/49 | €672,728 | €394,172 | -€278,556 | -41.4% |
| Equity | 10/15 | €344,100 | €45,078 | -€299,023 | -86.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €337,900 | €337,900 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €319,150 | €319,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | -€299,023 | -€299,023 | |
| Amounts payable | 17/49 | €328,628 | €349,094 | +€20,466 | +6.2% |
| Amounts payable after more than one year | 17 | €0 | €52,799 | +€52,799 | |
| Financial debts | 170/4 | €0 | €52,799 | +€52,799 | |
| Amounts payable within one year | 42/48 | €320,601 | €232,896 | -€87,705 | -27.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | €13,500 | +€13,500 | |
| Financial debts | 43 | - | €13,706 | +€13,706 | |
| Credit institutions | 430/8 | - | €13,706 | +€13,706 | |
| Trade debts | 44 | €103,034 | €83,323 | -€19,711 | -19.1% |
| Suppliers | 440/4 | €103,034 | €83,323 | -€19,711 | -19.1% |
| Taxes, remuneration and social security | 45 | €47,226 | €74,372 | +€27,146 | +57.5% |
| Taxes | 450/3 | €14,132 | €46,036 | +€31,904 | +226% |
| Remuneration and social security | 454/9 | €33,093 | €28,336 | -€4,757 | -14.4% |
| Other amounts payable | 47/48 | €170,341 | €47,995 | -€122,346 | -71.8% |
| Accrued charges and deferred income | 492/3 | €8,027 | €63,399 | +€55,372 | +690% |
| Non-recurring operating income | 76A | €133,489 | €0 | -€133,489 | -100% |
| Remuneration, social security and pensions | 62 | €470,495 | €364,467 | -€106,029 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,079 | €31,322 | -€7,756 | -19.8% |
| Other operating charges | 640/8 | €6,681 | €8,047 | +€1,366 | +20.4% |
| Non-recurring operating charges | 66A | €8,771 | €640 | -€8,131 | -92.7% |
| Gross operating margin | 9900 | €657,240 | €109,898 | -€547,342 | -83.3% |
| Operating profit (loss) | 9901 | €132,215 | -€294,578 | -€426,792 | |
| Financial income | 75/76B | €754 | €10,452 | +€9,698 | +1,287% |
| Recurring financial income | 75 | €754 | €1,702 | +€948 | +126% |
| Non-recurring financial income | 76B | - | €8,750 | +€8,750 | |
| Financial charges | 65/66B | €14,786 | €14,205 | -€581 | -3.9% |
| Recurring financial charges | 65 | €14,786 | €14,205 | -€581 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €118,182 | -€298,331 | -€416,513 | |
| Income taxes | 67/77 | €6,502 | €692 | -€5,810 | -89.4% |
| Profit (loss) for the period | 9904 | €111,680 | -€299,023 | -€410,703 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €111,680 | -€299,023 | -€410,703 |
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 18 October 2026 via checked.be.