ORTAK: 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.
ORTAK
Largest movements
- Receivables within one year +€88,833
up €88,833 (+211.7%), from €41,963 to €130,795
of which Trade receivables: +€56,448
- Stocks and contracts +€45,001
up €45,001 (+27.8%), from €161,861 to €206,862
- Tangible fixed assets -€22,701
down €22,701 (-24.8%), from €91,442 to €68,741
of which Plant, machinery and equipment: -€19,793
- Deferred charges and accrued income +€11,577
new in 2024: €11,577
- Short-term financial debts +€93,099
up €93,099 (+212.9%), from €43,726 to €136,826
of which Credit institutions: +€91,274
- Tax, wage and social debts +€24,608
up €24,608 (+146.0%), from €16,856 to €41,465
of which Remuneration and social security: +€14,066
- Profit (loss) carried forward +€22,285
up €22,285 (+1068.9%), from €2,085 to €24,370
- Debts after one year -€20,151
down €20,151 (-21.6%), from €93,240 to €73,089
- Trade debts +€9,490
up €9,490 (+26.6%), from €35,648 to €45,138
- Gross operating margin +€65,279
up €65,279 (+70.2%), from €92,986 to €158,265
- Staff costs +€24,051
up €24,051 (+40.1%), from €59,952 to €84,003
- Depreciation +€7,440
up €7,440 (+48.7%), from €15,261 to €22,701
- Taxes +€6,264
up €6,264 (+291.4%), from €2,150 to €8,414
- Other operating charges +€4,504
up €4,504 (+2737.4%), from €165 to €4,668
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €317,329 | €440,384 | +€123,055 | +38.8% |
| Fixed assets | 21/28 | €103,442 | €80,741 | -€22,701 | -21.9% |
| Tangible fixed assets | 22/27 | €91,442 | €68,741 | -€22,701 | -24.8% |
| Plant, machinery and equipment | 23 | €82,785 | €62,992 | -€19,793 | -23.9% |
| Other tangible fixed assets | 26 | €8,657 | €5,749 | -€2,908 | -33.6% |
| Financial fixed assets | 28 | €12,000 | €12,000 | = | 0.0% |
| Current assets | 29/58 | €213,887 | €359,643 | +€145,756 | +68.1% |
| Stocks and contracts in progress | 3 | €161,861 | €206,862 | +€45,001 | +27.8% |
| Stocks | 30/36 | €161,861 | €206,862 | +€45,001 | +27.8% |
| Amounts receivable within one year | 40/41 | €41,963 | €130,795 | +€88,833 | +211.7% |
| Trade receivables | 40 | - | €56,448 | +€56,448 | |
| Other amounts receivable | 41 | €41,963 | €74,348 | +€32,385 | +77.2% |
| Cash at bank and in hand | 54/58 | €10,063 | €10,408 | +€345 | +3.4% |
| Deferred charges and accrued income | 490/1 | - | €11,577 | +€11,577 | |
| Total equity and liabilities | 10/49 | €317,329 | €440,384 | +€123,055 | +38.8% |
| Equity | 10/15 | €103,699 | €125,984 | +€22,285 | +21.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €95,414 | €95,414 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €93,554 | €93,554 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,085 | €24,370 | +€22,285 | +1068.9% |
| Amounts payable | 17/49 | €213,630 | €314,400 | +€100,769 | +47.2% |
| Amounts payable after more than one year | 17 | €93,240 | €73,089 | -€20,151 | -21.6% |
| Financial debts | 170/4 | €93,240 | €73,089 | -€20,151 | -21.6% |
| Amounts payable within one year | 42/48 | €120,391 | €241,311 | +€120,920 | +100.4% |
| Current portion of amounts payable after more than one year | 42 | €19,279 | €15,435 | -€3,845 | -19.9% |
| Financial debts | 43 | €43,726 | €136,826 | +€93,099 | +212.9% |
| Credit institutions | 430/8 | €43,726 | €135,000 | +€91,274 | +208.7% |
| Other loans | 439 | - | €1,826 | +€1,826 | |
| Trade debts | 44 | €35,648 | €45,138 | +€9,490 | +26.6% |
| Suppliers | 440/4 | €35,648 | €45,138 | +€9,490 | +26.6% |
| Taxes, remuneration and social security | 45 | €16,856 | €41,465 | +€24,608 | +146.0% |
| Taxes | 450/3 | €14,538 | €25,080 | +€10,542 | +72.5% |
| Remuneration and social security | 454/9 | €2,318 | €16,384 | +€14,066 | +606.8% |
| Other amounts payable | 47/48 | €4,881 | €2,448 | -€2,433 | -49.8% |
| Non-recurring operating income | 76A | €2,245 | - | -€2,245 | |
| Remuneration, social security and pensions | 62 | €59,952 | €84,003 | +€24,051 | +40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,261 | €22,701 | +€7,440 | +48.7% |
| Other operating charges | 640/8 | €165 | €4,668 | +€4,504 | +2737.4% |
| Gross operating margin | 9900 | €92,986 | €158,265 | +€65,279 | +70.2% |
| Operating profit (loss) | 9901 | €17,608 | €46,893 | +€29,284 | +166.3% |
| Financial income | 75/76B | €0 | €0 | +€0 | +400.0% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +400.0% |
| Financial charges | 65/66B | €13,374 | €16,193 | +€2,820 | +21.1% |
| Recurring financial charges | 65 | €13,374 | €16,193 | +€2,820 | +21.1% |
| Profit (loss) for the period before taxes | 9903 | €4,235 | €30,700 | +€26,465 | +624.9% |
| Income taxes | 67/77 | €2,150 | €8,414 | +€6,264 | +291.4% |
| Profit (loss) for the period | 9904 | €2,085 | €22,285 | +€20,200 | +968.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,085 | €22,285 | +€20,200 | +968.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.