ORTAL: 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.
ORTAL
Largest movements
- Tangible fixed assets -€10,747
down €10,747 (-13.2%), from €81,689 to €70,941
of which Plant, machinery and equipment: -€10,006
- Cash +€5,959
up €5,959 (+35.3%), from €16,864 to €22,824
mainly Net result for the year (+€15,454) and Depreciation (+€15,247)
- Receivables within one year -€4,256
down €4,256 (-83.2%), from €5,116 to €860
of which Other amounts receivable: -€4,559
- Trade debts -€19,815
down €19,815 (-95.1%), from €20,826 to €1,011
- Profit (loss) carried forward +€15,350
up €15,350 (+25.2%), from -€60,828 to -€45,478
- Debts after one year -€8,607
down €8,607 (-9.4%), from €91,738 to €83,130
- Tax, wage and social debts +€2,181
up €2,181 (+17.2%), from €12,682 to €14,863
of which Taxes: +€1,354
- Gross operating margin +€33,773
up €33,773 (+40.6%), from €83,280 to €117,053
- Depreciation +€2,876
up €2,876 (+23.3%), from €12,371 to €15,247
- Staff costs +€1,300
up €1,300 (+1.6%), from €80,561 to €81,862
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.
Cash bridge derived
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 | €117,750 | €107,708 | -€10,042 | -8.5% |
| Fixed assets | 21/28 | €81,689 | €70,941 | -€10,747 | -13.2% |
| Tangible fixed assets | 22/27 | €81,689 | €70,941 | -€10,747 | -13.2% |
| Plant, machinery and equipment | 23 | €79,781 | €69,775 | -€10,006 | -12.5% |
| Furniture and vehicles | 24 | €1,908 | €1,166 | -€741 | -38.9% |
| Current assets | 29/58 | €36,061 | €36,767 | +€705 | +2.0% |
| Stocks and contracts in progress | 3 | €13,757 | €13,083 | -€673 | -4.9% |
| Stocks | 30/36 | €13,757 | €13,083 | -€673 | -4.9% |
| Amounts receivable within one year | 40/41 | €5,116 | €860 | -€4,256 | -83.2% |
| Trade receivables | 40 | €557 | €860 | +€303 | +54.5% |
| Other amounts receivable | 41 | €4,559 | €0 | -€4,559 | -100.0% |
| Cash at bank and in hand | 54/58 | €16,864 | €22,824 | +€5,959 | +35.3% |
| Deferred charges and accrued income | 490/1 | €324 | €0 | -€324 | -100.0% |
| Total equity and liabilities | 10/49 | €117,750 | €107,708 | -€10,042 | -8.5% |
| Equity | 10/15 | -€45,828 | -€30,478 | +€15,350 | +33.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€60,828 | -€45,478 | +€15,350 | +25.2% |
| Amounts payable | 17/49 | €163,578 | €138,186 | -€25,392 | -15.5% |
| Amounts payable after more than one year | 17 | €91,738 | €83,130 | -€8,607 | -9.4% |
| Financial debts | 170/4 | €91,738 | €83,130 | -€8,607 | -9.4% |
| Amounts payable within one year | 42/48 | €71,841 | €55,056 | -€16,785 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €8,262 | €8,607 | +€345 | +4.2% |
| Trade debts | 44 | €20,826 | €1,011 | -€19,815 | -95.1% |
| Suppliers | 440/4 | €20,826 | €1,011 | -€19,815 | -95.1% |
| Taxes, remuneration and social security | 45 | €12,682 | €14,863 | +€2,181 | +17.2% |
| Taxes | 450/3 | €927 | €2,281 | +€1,354 | +146.0% |
| Remuneration and social security | 454/9 | €11,755 | €12,582 | +€828 | +7.0% |
| Other amounts payable | 47/48 | €30,071 | €30,575 | +€504 | +1.7% |
| Remuneration, social security and pensions | 62 | €80,561 | €81,862 | +€1,300 | +1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,371 | €15,247 | +€2,876 | +23.3% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €83,280 | €117,053 | +€33,773 | +40.6% |
| Operating profit (loss) | 9901 | -€10,039 | €19,544 | +€29,583 | |
| Financial charges | 65/66B | €4,237 | €4,090 | -€146 | -3.5% |
| Recurring financial charges | 65 | €4,237 | €4,090 | -€146 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,276 | €15,454 | +€29,730 | |
| Profit (loss) for the period | 9904 | -€14,276 | €15,454 | +€29,730 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,276 | €15,454 | +€29,730 |
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 9 October 2026 via checked.be.