ORTEC: 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.
ORTEC
Largest movements
- Cash -€13,866
down €13,866 (-81.2%), from €17,067 to €3,202
mainly Net result for the year (-€18,465) and Trade debts (-€9,328)
- Tangible fixed assets -€10,222
down €10,222 (-38.8%), from €26,331 to €16,109
of which Furniture and vehicles: -€7,927
- Receivables within one year -€2,628
down €2,628 (-6.4%), from €41,327 to €38,698
of which Trade receivables: -€3,174
- Deferred charges and accrued income -€952
no longer reported in 2024 (was €952)
- Profit (loss) carried forward -€18,465
down €18,465, from €8,698 to -€9,766
- Trade debts -€9,328
down €9,328 (-74.5%), from €12,516 to €3,188
of which Suppliers: -€9,328
- Purchases and services -€19,673
down €19,673 (-70.6%), from €27,880 to €8,207
- Turnover -€18,615
no longer reported in 2024 (was €18,615)
- Depreciation +€4,182
up €4,182 (+95.8%), from €4,367 to €8,548
- Other operating charges -€1,205
down €1,205 (-99.5%), from €1,211 to €6
- Gross operating margin +€565
up €565 (+6.7%), from -€8,386 to -€7,821
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 | €85,801 | €58,009 | -€27,793 | -32.4% |
| Fixed assets | 21/28 | €26,455 | €16,109 | -€10,346 | -39.1% |
| Tangible fixed assets | 22/27 | €26,331 | €16,109 | -€10,222 | -38.8% |
| Land and buildings | 22 | €2,899 | €1,183 | -€1,716 | -59.2% |
| Plant, machinery and equipment | 23 | €1,891 | €1,312 | -€579 | -30.6% |
| Furniture and vehicles | 24 | €21,541 | €13,614 | -€7,927 | -36.8% |
| Financial fixed assets | 28 | €124 | - | -€124 | |
| Current assets | 29/58 | €59,346 | €41,900 | -€17,446 | -29.4% |
| Amounts receivable within one year | 40/41 | €41,327 | €38,698 | -€2,628 | -6.4% |
| Trade receivables | 40 | €8,171 | €4,997 | -€3,174 | -38.8% |
| Other amounts receivable | 41 | €33,156 | €33,701 | +€545 | +1.6% |
| Cash at bank and in hand | 54/58 | €17,067 | €3,202 | -€13,866 | -81.2% |
| Deferred charges and accrued income | 490/1 | €952 | - | -€952 | |
| Total equity and liabilities | 10/49 | €85,801 | €58,009 | -€27,793 | -32.4% |
| Equity | 10/15 | €38,845 | €20,381 | -€18,465 | -47.5% |
| Contributions | 10/11 | €7,437 | €7,437 | = | 0.0% |
| Capital | 10 | €7,437 | €7,437 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €11,163 | €11,163 | = | 0.0% |
| Reserves | 13 | €22,710 | €22,710 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €20,850 | €20,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,698 | -€9,766 | -€18,465 | |
| Provisions and deferred taxes | 16 | €34,441 | €34,441 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €34,441 | €34,441 | = | 0.0% |
| Pensions and similar obligations | 160 | - | €34,441 | +€34,441 | |
| Other liabilities and charges | 164/5 | €34,441 | - | -€34,441 | |
| Amounts payable | 17/49 | €12,516 | €3,188 | -€9,328 | -74.5% |
| Amounts payable within one year | 42/48 | €12,516 | €3,188 | -€9,328 | -74.5% |
| Trade debts | 44 | €12,516 | €3,188 | -€9,328 | -74.5% |
| Suppliers | 440/4 | €9,328 | - | -€9,328 | |
| Bills of exchange payable | 441 | €3,188 | €3,188 | = | 0.0% |
| Turnover | 70 | €18,615 | - | -€18,615 | |
| Non-recurring operating income | 76A | €716 | - | -€716 | |
| Goods, raw materials, services and sundry goods | 60/61 | €27,880 | €8,207 | -€19,673 | -70.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,367 | €8,548 | +€4,182 | +95.8% |
| Other operating charges | 640/8 | €1,211 | €6 | -€1,205 | -99.5% |
| Non-recurring operating charges | 66A | - | €1,798 | +€1,798 | |
| Gross operating margin | 9900 | -€8,386 | -€7,821 | +€565 | +6.7% |
| Operating profit (loss) | 9901 | -€13,964 | -€18,173 | -€4,209 | -30.1% |
| Financial income | 75/76B | €195 | €114 | -€82 | -41.9% |
| Recurring financial income | 75 | €195 | €114 | -€82 | -41.9% |
| Financial charges | 65/66B | €286 | €275 | -€12 | -4.0% |
| Recurring financial charges | 65 | €286 | €275 | -€12 | -4.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,055 | -€18,334 | -€4,279 | -30.4% |
| Income taxes | 67/77 | €59 | €130 | +€72 | +122.3% |
| Profit (loss) for the period | 9904 | -€14,114 | -€18,465 | -€4,351 | -30.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,114 | -€18,465 | -€4,351 | -30.8% |
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 12 October 2026 via checked.be.