ORTFID: 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.
ORTFID
Largest movements
- Cash -€64,495
down €64,495 (-62.4%), from €103,294 to €38,798
mainly Contributions, distributions and other (-€150,000) and Other debts (-€49,354)
- Receivables within one year -€12,897
down €12,897 (-7.4%), from €173,251 to €160,353
of which Trade receivables: -€11,125
- Reserves -€50,000
no longer reported in 2025 (was €50,000)
- Other debts -€49,354
down €49,354 (-75.9%), from €65,000 to €15,646
- Profit (loss) carried forward +€20,094
up €20,094 (+22.4%), from €89,742 to €109,835
- Tax, wage and social debts -€10,117
down €10,117 (-23.2%), from €43,651 to €33,534
of which Taxes: -€10,519
- Trade debts +€9,139
up €9,139 (+106%), from €8,638 to €17,777
- Gross operating margin +€24,726
up €24,726 (+9.6%), from €258,787 to €283,513
- Staff costs +€17,312
up €17,312 (+20.4%), from €84,724 to €102,037
- Write-downs -€11,847
no longer reported in 2025 (was €11,847)
- Taxes +€5,199
up €5,199 (+15.0%), from €34,737 to €39,936
- Other operating charges +€5,125
up €5,125 (+59.3%), from €8,646 to €13,770
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 | €276,544 | €199,152 | -€77,392 | -28.0% |
| Current assets | 29/58 | €276,544 | €199,152 | -€77,392 | -28.0% |
| Amounts receivable within one year | 40/41 | €173,251 | €160,353 | -€12,897 | -7.4% |
| Trade receivables | 40 | €109,243 | €98,119 | -€11,125 | -10.2% |
| Other amounts receivable | 41 | €64,007 | €62,235 | -€1,772 | -2.8% |
| Cash at bank and in hand | 54/58 | €103,294 | €38,798 | -€64,495 | -62.4% |
| Total equity and liabilities | 10/49 | €276,544 | €199,152 | -€77,392 | -28.0% |
| Equity | 10/15 | €149,742 | €119,835 | -€29,906 | -20.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €50,000 | - | -€50,000 | |
| Distributable reserves | 133 | €50,000 | - | -€50,000 | |
| Profit (loss) carried forward | 14 | €89,742 | €109,835 | +€20,094 | +22.4% |
| Amounts payable | 17/49 | €126,803 | €79,317 | -€47,486 | -37.4% |
| Amounts payable after more than one year | 17 | - | €1,533 | +€1,533 | |
| Financial debts | 170/4 | - | €1,533 | +€1,533 | |
| Amounts payable within one year | 42/48 | €126,803 | €77,784 | -€49,019 | -38.7% |
| Current portion of amounts payable after more than one year | 42 | €2,943 | €3,000 | +€57 | +1.9% |
| Financial debts | 43 | €6,571 | €7,827 | +€1,256 | +19.1% |
| Credit institutions | 430/8 | €6,571 | €7,827 | +€1,256 | +19.1% |
| Trade debts | 44 | €8,638 | €17,777 | +€9,139 | +106% |
| Suppliers | 440/4 | €8,638 | €17,777 | +€9,139 | +106% |
| Taxes, remuneration and social security | 45 | €43,651 | €33,534 | -€10,117 | -23.2% |
| Taxes | 450/3 | €40,526 | €30,007 | -€10,519 | -26.0% |
| Remuneration and social security | 454/9 | €3,125 | €3,527 | +€402 | +12.9% |
| Other amounts payable | 47/48 | €65,000 | €15,646 | -€49,354 | -75.9% |
| Remuneration, social security and pensions | 62 | €84,724 | €102,037 | +€17,312 | +20.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,847 | - | -€11,847 | |
| Other operating charges | 640/8 | €8,646 | €13,770 | +€5,125 | +59.3% |
| Gross operating margin | 9900 | €258,787 | €283,513 | +€24,726 | +9.6% |
| Operating profit (loss) | 9901 | €153,570 | €167,706 | +€14,137 | +9.2% |
| Financial income | 75/76B | €646 | €1,641 | +€995 | +154% |
| Recurring financial income | 75 | €646 | €1,641 | +€995 | +154% |
| Financial charges | 65/66B | €10,671 | €9,318 | -€1,354 | -12.7% |
| Recurring financial charges | 65 | €10,671 | €8,362 | -€2,310 | -21.6% |
| Non-recurring financial charges | 66B | - | €956 | +€956 | |
| Profit (loss) for the period before taxes | 9903 | €143,544 | €160,029 | +€16,485 | +11.5% |
| Income taxes | 67/77 | €34,737 | €39,936 | +€5,199 | +15.0% |
| Profit (loss) for the period | 9904 | €108,807 | €120,094 | +€11,286 | +10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €108,807 | €120,094 | +€11,286 | +10.4% |
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 18 October 2026 via checked.be.