ORTEAM: 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.
ORTEAM
Largest movements
- Cash +€480,337
up €480,337 (+68.9%), from €696,862 to €1.2m
mainly Net result for the year (+€688,163) and Depreciation (+€338,299)
- Tangible fixed assets -€251,003
down €251,003 (-8.9%), from €2.8m to €2.6m
of which Leasing and similar rights: -€147,618
- Receivables within one year +€171,954
up €171,954 (+638.6%), from €26,929 to €198,882
of which Other amounts receivable: +€170,802
- Profit (loss) carried forward +€698,056
new in 2025: €698,056
- Debts after one year -€294,496
down €294,496 (-18.8%), from €1.6m to €1.3m
- Trade debts +€98,779
up €98,779 (+24.4%), from €404,309 to €503,088
- Other debts -€81,976
no longer reported in 2025 (was €81,976)
- Tax, wage and social debts +€56,878
up €56,878 (+23.1%), from €246,695 to €303,573
of which Remuneration and social security: +€32,511
- Gross operating margin +€734,865
up €734,865 (+20.1%), from €3.7m to €4.4m
- Staff costs +€307,332
up €307,332 (+11.2%), from €2.8m to €3.1m
- Taxes +€78,744
up €78,744 (+47.8%), from €164,806 to €243,550
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 | €3,915,284 | €4,361,806 | +€446,522 | +11.4% |
| Fixed assets | 21/28 | €2,843,051 | €2,614,795 | -€228,256 | -8.0% |
| Intangible fixed assets | 21 | €1,042 | €23,435 | +€22,393 | +2149.6% |
| Tangible fixed assets | 22/27 | €2,833,543 | €2,582,540 | -€251,003 | -8.9% |
| Land and buildings | 22 | €2,024,579 | €1,918,407 | -€106,172 | -5.2% |
| Plant, machinery and equipment | 23 | €303,819 | €279,997 | -€23,822 | -7.8% |
| Furniture and vehicles | 24 | €28,777 | €55,712 | +€26,935 | +93.6% |
| Leasing and similar rights | 25 | €473,224 | €325,606 | -€147,618 | -31.2% |
| Other tangible fixed assets | 26 | €3,144 | €2,819 | -€326 | -10.4% |
| Financial fixed assets | 28 | €8,466 | €8,820 | +€353 | +4.2% |
| Current assets | 29/58 | €1,072,233 | €1,747,010 | +€674,778 | +62.9% |
| Stocks and contracts in progress | 3 | €310,075 | €325,578 | +€15,504 | +5.0% |
| Stocks | 30/36 | €310,075 | €325,578 | +€15,504 | +5.0% |
| Amounts receivable within one year | 40/41 | €26,929 | €198,882 | +€171,954 | +638.6% |
| Trade receivables | 40 | €18,434 | €19,586 | +€1,152 | +6.2% |
| Other amounts receivable | 41 | €8,494 | €179,296 | +€170,802 | +2010.8% |
| Cash at bank and in hand | 54/58 | €696,862 | €1,177,200 | +€480,337 | +68.9% |
| Deferred charges and accrued income | 490/1 | €38,367 | €45,350 | +€6,983 | +18.2% |
| Total equity and liabilities | 10/49 | €3,915,284 | €4,361,806 | +€446,522 | +11.4% |
| Equity | 10/15 | €1,247,971 | €1,936,134 | +€688,163 | +55.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,241,771 | €1,231,878 | -€9,893 | -0.8% |
| Tax-exempt reserves | 132 | €60,913 | €51,020 | -€9,893 | -16.2% |
| Distributable reserves | 133 | €1,180,859 | €1,180,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €698,056 | +€698,056 | |
| Provisions and deferred taxes | 16 | €20,304 | €17,007 | -€3,298 | -16.2% |
| Deferred taxes | 168 | €20,304 | €17,007 | -€3,298 | -16.2% |
| Amounts payable | 17/49 | €2,647,009 | €2,408,665 | -€238,343 | -9.0% |
| Amounts payable after more than one year | 17 | €1,569,783 | €1,275,287 | -€294,496 | -18.8% |
| Financial debts | 170/4 | €1,569,783 | €1,275,287 | -€294,496 | -18.8% |
| Amounts payable within one year | 42/48 | €1,075,350 | €1,133,379 | +€58,028 | +5.4% |
| Current portion of amounts payable after more than one year | 42 | €342,370 | €326,718 | -€15,653 | -4.6% |
| Trade debts | 44 | €404,309 | €503,088 | +€98,779 | +24.4% |
| Suppliers | 440/4 | €404,309 | €503,088 | +€98,779 | +24.4% |
| Taxes, remuneration and social security | 45 | €246,695 | €303,573 | +€56,878 | +23.1% |
| Taxes | 450/3 | €4,524 | €28,891 | +€24,367 | +538.6% |
| Remuneration and social security | 454/9 | €242,171 | €274,682 | +€32,511 | +13.4% |
| Other amounts payable | 47/48 | €81,976 | - | -€81,976 | |
| Accrued charges and deferred income | 492/3 | €1,875 | - | -€1,875 | |
| Non-recurring operating income | 76A | €23,712 | - | -€23,712 | |
| Remuneration, social security and pensions | 62 | €2,753,218 | €3,060,550 | +€307,332 | +11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €358,268 | €338,299 | -€19,969 | -5.6% |
| Other operating charges | 640/8 | €22,289 | €22,299 | +€10 | 0.0% |
| Non-recurring operating charges | 66A | - | €1,566 | +€1,566 | |
| Gross operating margin | 9900 | €3,657,588 | €4,392,453 | +€734,865 | +20.1% |
| Operating profit (loss) | 9901 | €523,813 | €969,739 | +€445,926 | +85.1% |
| Financial income | 75/76B | €1,779 | €2,545 | +€766 | +43.1% |
| Recurring financial income | 75 | €1,779 | €2,545 | +€766 | +43.1% |
| Financial charges | 65/66B | €49,430 | €43,869 | -€5,560 | -11.2% |
| Recurring financial charges | 65 | €49,430 | €43,869 | -€5,560 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | €476,163 | €928,415 | +€452,252 | +95.0% |
| Transfer from deferred taxes | 780 | €3,298 | €3,298 | = | 0.0% |
| Income taxes | 67/77 | €164,806 | €243,550 | +€78,744 | +47.8% |
| Profit (loss) for the period | 9904 | €314,654 | €688,163 | +€373,508 | +118.7% |
| Transfer from tax-exempt reserves | 789 | €9,893 | €9,893 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €324,547 | €698,056 | +€373,508 | +115.1% |
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 11 October 2026 via checked.be.