Ortaya: 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.
Ortaya
Largest movements
- Tangible fixed assets -€8,926
down €8,926 (-38.0%), from €23,497 to €14,570
of which Plant, machinery and equipment: -€7,424
- Cash -€1,413
down €1,413 (-16.6%), from €8,536 to €7,123
mainly Debts after one year (-€9,605) and Trade debts (-€8,764)
- Receivables within one year -€497
down €497 (-6.8%), from €7,283 to €6,786
of which Trade receivables: -€698
- Debts after one year -€9,605
down €9,605 (-55.1%), from €17,446 to €7,841
- Trade debts -€8,764
down €8,764 (-57.7%), from €15,187 to €6,423
- Profit (loss) carried forward +€4,872
up €4,872 (+22.4%), from -€21,797 to -€16,924
- Tax, wage and social debts +€3,376
up €3,376 (+56.7%), from €5,957 to €9,333
of which Remuneration and social security: +€2,321
- Current portion of long-term debt -€894
down €894 (-8.1%), from €11,035 to €10,141
- Gross operating margin +€10,560
up €10,560 (+40.0%), from €26,368 to €36,927
- Staff costs +€7,718
up €7,718 (+54.5%), from €14,151 to €21,869
- Financial charges -€1,267
down €1,267 (-53.3%), from €2,375 to €1,108
- Other operating charges -€521
down €521 (-49.7%), from €1,048 to €527
- Depreciation -€490
down €490 (-5.2%), from €9,416 to €8,926
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 | €43,340 | €32,324 | -€11,016 | -25.4% |
| Fixed assets | 21/28 | €26,497 | €17,570 | -€8,926 | -33.7% |
| Tangible fixed assets | 22/27 | €23,497 | €14,570 | -€8,926 | -38.0% |
| Plant, machinery and equipment | 23 | €19,730 | €12,306 | -€7,424 | -37.6% |
| Furniture and vehicles | 24 | €3,766 | €2,264 | -€1,502 | -39.9% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €16,843 | €14,754 | -€2,090 | -12.4% |
| Stocks and contracts in progress | 3 | €1,025 | €845 | -€179 | -17.5% |
| Stocks | 30/36 | €1,025 | €845 | -€179 | -17.5% |
| Amounts receivable within one year | 40/41 | €7,283 | €6,786 | -€497 | -6.8% |
| Trade receivables | 40 | €1,416 | €718 | -€698 | -49.3% |
| Other amounts receivable | 41 | €5,866 | €6,068 | +€201 | +3.4% |
| Cash at bank and in hand | 54/58 | €8,536 | €7,123 | -€1,413 | -16.6% |
| Total equity and liabilities | 10/49 | €43,340 | €32,324 | -€11,016 | -25.4% |
| Equity | 10/15 | -€11,797 | -€6,924 | +€4,872 | +41.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€21,797 | -€16,924 | +€4,872 | +22.4% |
| Amounts payable | 17/49 | €55,137 | €39,248 | -€15,888 | -28.8% |
| Amounts payable after more than one year | 17 | €17,446 | €7,841 | -€9,605 | -55.1% |
| Financial debts | 170/4 | €17,446 | €7,841 | -€9,605 | -55.1% |
| Amounts payable within one year | 42/48 | €37,690 | €31,407 | -€6,283 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €11,035 | €10,141 | -€894 | -8.1% |
| Trade debts | 44 | €15,187 | €6,423 | -€8,764 | -57.7% |
| Suppliers | 440/4 | €15,187 | €6,423 | -€8,764 | -57.7% |
| Taxes, remuneration and social security | 45 | €5,957 | €9,333 | +€3,376 | +56.7% |
| Taxes | 450/3 | €1,997 | €3,053 | +€1,055 | +52.8% |
| Remuneration and social security | 454/9 | €3,960 | €6,281 | +€2,321 | +58.6% |
| Other amounts payable | 47/48 | €5,511 | €5,510 | -€2 | 0.0% |
| Remuneration, social security and pensions | 62 | €14,151 | €21,869 | +€7,718 | +54.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,416 | €8,926 | -€490 | -5.2% |
| Other operating charges | 640/8 | €1,048 | €527 | -€521 | -49.7% |
| Gross operating margin | 9900 | €26,368 | €36,927 | +€10,560 | +40.0% |
| Operating profit (loss) | 9901 | €1,752 | €5,605 | +€3,853 | +220% |
| Financial income | 75/76B | €251 | €375 | +€124 | +49.6% |
| Recurring financial income | 75 | €251 | €375 | +€124 | +49.6% |
| Financial charges | 65/66B | €2,375 | €1,108 | -€1,267 | -53.3% |
| Recurring financial charges | 65 | €2,375 | €1,108 | -€1,267 | -53.3% |
| Profit (loss) for the period before taxes | 9903 | -€372 | €4,872 | +€5,244 | |
| Profit (loss) for the period | 9904 | -€372 | €4,872 | +€5,244 | |
| Profit (loss) for the period to be appropriated | 9905 | -€372 | €4,872 | +€5,244 |
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 13 October 2026 via checked.be.