ORTELIUS: 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.
ORTELIUS
Largest movements
- Cash +€19,817
up €19,817 (+533.1%), from €3,717 to €23,534
mainly Trade debts (+€35,461) and Net result for the year (+€15,331)
- Tangible fixed assets -€10,017
down €10,017 (-7.0%), from €143,198 to €133,181
of which Land and buildings: -€9,617
- Receivables within one year -€6,547
down €6,547 (-9.4%), from €69,722 to €63,175
of which Trade receivables: -€10,721
- Trade debts +€35,461
up €35,461 (+697.8%), from €5,082 to €40,542
- Debts after one year -€25,350
down €25,350 (-27.0%), from €93,807 to €68,457
- Profit (loss) carried forward +€15,331
up €15,331 (+43.8%), from €35,030 to €50,360
- Accrued charges and deferred income -€13,500
no longer reported in 2022 (was €13,500)
- Short-term financial debts -€6,227
no longer reported in 2022 (was €6,227)
- Gross operating margin +€14,478
up €14,478 (+19.9%), from €72,795 to €87,273
- Staff costs +€11,530
up €11,530 (+28.0%), from €41,252 to €52,782
- Other operating charges +€1,698
up €1,698 (+390.7%), from €435 to €2,133
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €216,637 | €219,890 | +€3,252 | +1.5% |
| Fixed assets | 21/28 | €143,198 | €133,181 | -€10,017 | -7.0% |
| Tangible fixed assets | 22/27 | €143,198 | €133,181 | -€10,017 | -7.0% |
| Land and buildings | 22 | €139,369 | €129,753 | -€9,617 | -6.9% |
| Plant, machinery and equipment | 23 | €3,828 | €3,428 | -€400 | -10.5% |
| Current assets | 29/58 | €73,440 | €86,709 | +€13,269 | +18.1% |
| Amounts receivable within one year | 40/41 | €69,722 | €63,175 | -€6,547 | -9.4% |
| Trade receivables | 40 | €66,796 | €56,075 | -€10,721 | -16.1% |
| Other amounts receivable | 41 | €2,927 | €7,100 | +€4,174 | +142.6% |
| Cash at bank and in hand | 54/58 | €3,717 | €23,534 | +€19,817 | +533.1% |
| Total equity and liabilities | 10/49 | €216,637 | €219,890 | +€3,252 | +1.5% |
| Equity | 10/15 | €67,030 | €82,360 | +€15,331 | +22.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Capital | 10 | €30,000 | €30,000 | = | 0.0% |
| Issued capital | 100 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Legal reserve | 130 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,030 | €50,360 | +€15,331 | +43.8% |
| Amounts payable | 17/49 | €149,607 | €137,529 | -€12,078 | -8.1% |
| Amounts payable after more than one year | 17 | €93,807 | €68,457 | -€25,350 | -27.0% |
| Financial debts | 170/4 | €93,807 | €68,457 | -€25,350 | -27.0% |
| Amounts payable within one year | 42/48 | €42,300 | €69,072 | +€26,772 | +63.3% |
| Current portion of amounts payable after more than one year | 42 | €9,110 | €12,002 | +€2,892 | +31.7% |
| Financial debts | 43 | €6,227 | - | -€6,227 | |
| Credit institutions | 430/8 | €6,227 | - | -€6,227 | |
| Trade debts | 44 | €5,082 | €40,542 | +€35,461 | +697.8% |
| Suppliers | 440/4 | €5,082 | €40,542 | +€35,461 | +697.8% |
| Taxes, remuneration and social security | 45 | €16,552 | €16,528 | -€24 | -0.1% |
| Taxes | 450/3 | €12,902 | €16,528 | +€3,626 | +28.1% |
| Remuneration and social security | 454/9 | €3,650 | - | -€3,650 | |
| Other amounts payable | 47/48 | €5,329 | - | -€5,329 | |
| Accrued charges and deferred income | 492/3 | €13,500 | - | -€13,500 | |
| Remuneration, social security and pensions | 62 | €41,252 | €52,782 | +€11,530 | +28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,793 | €10,017 | +€224 | +2.3% |
| Other operating charges | 640/8 | €435 | €2,133 | +€1,698 | +390.7% |
| Gross operating margin | 9900 | €72,795 | €87,273 | +€14,478 | +19.9% |
| Operating profit (loss) | 9901 | €21,316 | €22,342 | +€1,026 | +4.8% |
| Financial charges | 65/66B | €2,260 | €1,527 | -€733 | -32.4% |
| Recurring financial charges | 65 | €2,260 | €1,527 | -€733 | -32.4% |
| Profit (loss) for the period before taxes | 9903 | €19,056 | €20,815 | +€1,758 | +9.2% |
| Income taxes | 67/77 | €5,340 | €5,484 | +€144 | +2.7% |
| Profit (loss) for the period | 9904 | €13,716 | €15,331 | +€1,614 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,716 | €15,331 | +€1,614 | +11.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.