ORTH-ens: 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.
ORTH-ens
Largest movements
- Cash +€50,986
up €50,986 (+26.9%), from €189,260 to €240,246
mainly Net result for the year (+€99,456) and Tax, wage and social debts (+€17,892)
- Receivables within one year +€47,435
up €47,435 (+363%), from €13,079 to €60,514
of which Trade receivables: +€39,829
- Stocks and contracts -€5,016
down €5,016 (-20.0%), from €25,139 to €20,123
- Tangible fixed assets -€4,963
down €4,963 (-54.4%), from €9,127 to €4,164
of which Plant, machinery and equipment: -€4,771
- Profit (loss) carried forward +€99,456
up €99,456 (+120%), from €83,066 to €182,522
- Trade debts -€19,679
down €19,679 (-23.1%), from €85,269 to €65,590
- Tax, wage and social debts +€17,892
up €17,892 (+33.8%), from €52,928 to €70,820
of which Remuneration and social security: +€12,138
- Current portion of long-term debt -€5,918
down €5,918 (-57.9%), from €10,217 to €4,299
- Debts after one year -€4,299
down €4,299 (-100%), from €4,299 to €0
- Gross operating margin +€114,211
up €114,211 (+36.4%), from €313,622 to €427,833
- Staff costs +€71,465
up €71,465 (+33.8%), from €211,147 to €282,612
- Taxes +€14,397
up €14,397 (+69.9%), from €20,586 to €34,984
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 | €250,779 | €338,231 | +€87,451 | +34.9% |
| Fixed assets | 21/28 | €9,127 | €4,164 | -€4,963 | -54.4% |
| Tangible fixed assets | 22/27 | €9,127 | €4,164 | -€4,963 | -54.4% |
| Plant, machinery and equipment | 23 | €6,579 | €1,808 | -€4,771 | -72.5% |
| Furniture and vehicles | 24 | €2,548 | €2,355 | -€192 | -7.6% |
| Current assets | 29/58 | €241,652 | €334,067 | +€92,415 | +38.2% |
| Stocks and contracts in progress | 3 | €25,139 | €20,123 | -€5,016 | -20.0% |
| Stocks | 30/36 | €25,139 | €20,123 | -€5,016 | -20.0% |
| Amounts receivable within one year | 40/41 | €13,079 | €60,514 | +€47,435 | +363% |
| Trade receivables | 40 | €11,410 | €51,239 | +€39,829 | +349% |
| Other amounts receivable | 41 | €1,670 | €9,275 | +€7,606 | +456% |
| Cash at bank and in hand | 54/58 | €189,260 | €240,246 | +€50,986 | +26.9% |
| Deferred charges and accrued income | 490/1 | €14,175 | €13,184 | -€991 | -7.0% |
| Total equity and liabilities | 10/49 | €250,779 | €338,231 | +€87,451 | +34.9% |
| Equity | 10/15 | €98,066 | €197,522 | +€99,456 | +101% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,066 | €182,522 | +€99,456 | +120% |
| Amounts payable | 17/49 | €152,713 | €140,709 | -€12,004 | -7.9% |
| Amounts payable after more than one year | 17 | €4,299 | €0 | -€4,299 | -100% |
| Financial debts | 170/4 | €4,299 | €0 | -€4,299 | -100% |
| Amounts payable within one year | 42/48 | €148,414 | €140,709 | -€7,705 | -5.2% |
| Current portion of amounts payable after more than one year | 42 | €10,217 | €4,299 | -€5,918 | -57.9% |
| Trade debts | 44 | €85,269 | €65,590 | -€19,679 | -23.1% |
| Suppliers | 440/4 | €85,269 | €65,590 | -€19,679 | -23.1% |
| Taxes, remuneration and social security | 45 | €52,928 | €70,820 | +€17,892 | +33.8% |
| Taxes | 450/3 | €1,052 | €6,806 | +€5,754 | +547% |
| Remuneration and social security | 454/9 | €51,876 | €64,013 | +€12,138 | +23.4% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €211,147 | €282,612 | +€71,465 | +33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,272 | €6,563 | -€1,709 | -20.7% |
| Other operating charges | 640/8 | €2,290 | €4,523 | +€2,233 | +97.5% |
| Gross operating margin | 9900 | €313,622 | €427,833 | +€114,211 | +36.4% |
| Operating profit (loss) | 9901 | €91,913 | €134,135 | +€42,222 | +45.9% |
| Financial income | 75/76B | €939 | €929 | -€10 | -1.1% |
| Recurring financial income | 75 | €939 | €929 | -€10 | -1.1% |
| Financial charges | 65/66B | €675 | €624 | -€51 | -7.6% |
| Recurring financial charges | 65 | €675 | €624 | -€51 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €92,176 | €134,439 | +€42,263 | +45.9% |
| Income taxes | 67/77 | €20,586 | €34,984 | +€14,397 | +69.9% |
| Profit (loss) for the period | 9904 | €71,590 | €99,456 | +€27,866 | +38.9% |
| Profit (loss) for the period to be appropriated | 9905 | €71,590 | €99,456 | +€27,866 | +38.9% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.