Orthim: 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.
Orthim
Largest movements
- Cash -€52,810
down €52,810 (-50.6%), from €104,412 to €51,602
mainly Current investments (-€50,000) and Other debts (-€49,298)
- Current investments +€50,000
up €50,000 (+40.0%), from €125,000 to €175,000
- Tangible fixed assets -€20,362
down €20,362 (-9.6%), from €212,697 to €192,335
of which Furniture and vehicles: -€14,072
- Other debts -€49,298
down €49,298 (-57.9%), from €85,087 to €35,789
- Reserves +€34,081
up €34,081 (+16.2%), from €210,920 to €245,001
of which Distributable reserves: +€35,384
- Debts after one year -€10,276
down €10,276 (-41.6%), from €24,692 to €14,417
- Gross operating margin -€16,929
down €16,929 (-17.8%), from €94,934 to €78,005
- Financial charges -€2,797
down €2,797 (-31.7%), from €8,831 to €6,034
- Taxes -€1,286
down €1,286 (-25.5%), from €5,040 to €3,754
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 | €519,419 | €491,681 | -€27,738 | -5.3% |
| Fixed assets | 21/28 | €243,697 | €223,335 | -€20,362 | -8.4% |
| Tangible fixed assets | 22/27 | €212,697 | €192,335 | -€20,362 | -9.6% |
| Plant, machinery and equipment | 23 | €398 | €193 | -€206 | -51.6% |
| Furniture and vehicles | 24 | €43,689 | €29,617 | -€14,072 | -32.2% |
| Other tangible fixed assets | 26 | €168,610 | €162,525 | -€6,085 | -3.6% |
| Financial fixed assets | 28 | €31,000 | €31,000 | = | 0.0% |
| Current assets | 29/58 | €275,722 | €268,346 | -€7,376 | -2.7% |
| Amounts receivable after more than one year | 29 | €40,000 | €35,000 | -€5,000 | -12.5% |
| Other amounts receivable | 291 | €40,000 | €35,000 | -€5,000 | -12.5% |
| Amounts receivable within one year | 40/41 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 41 | €5,000 | €5,000 | = | 0.0% |
| Current investments | 50/53 | €125,000 | €175,000 | +€50,000 | +40.0% |
| Cash at bank and in hand | 54/58 | €104,412 | €51,602 | -€52,810 | -50.6% |
| Deferred charges and accrued income | 490/1 | €1,310 | €1,744 | +€434 | +33.2% |
| Total equity and liabilities | 10/49 | €519,419 | €491,681 | -€27,738 | -5.3% |
| Equity | 10/15 | €385,920 | €420,001 | +€34,081 | +8.8% |
| Contributions | 10/11 | €175,000 | €175,000 | = | 0.0% |
| Capital | 10 | €175,000 | €175,000 | = | 0.0% |
| Issued capital | 100 | €175,000 | €175,000 | = | 0.0% |
| Reserves | 13 | €210,920 | €245,001 | +€34,081 | +16.2% |
| Non-distributable reserves | 130/1 | €17,500 | €17,500 | = | 0.0% |
| Legal reserve | 130 | €17,500 | €17,500 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,157 | €10,854 | -€1,302 | -10.7% |
| Distributable reserves | 133 | €181,263 | €216,647 | +€35,384 | +19.5% |
| Provisions and deferred taxes | 16 | €4,052 | €3,618 | -€434 | -10.7% |
| Deferred taxes | 168 | €4,052 | €3,618 | -€434 | -10.7% |
| Amounts payable | 17/49 | €129,447 | €68,062 | -€61,386 | -47.4% |
| Amounts payable after more than one year | 17 | €24,692 | €14,417 | -€10,276 | -41.6% |
| Financial debts | 170/4 | €24,692 | €14,417 | -€10,276 | -41.6% |
| Amounts payable within one year | 42/48 | €102,598 | €51,313 | -€51,285 | -50.0% |
| Current portion of amounts payable after more than one year | 42 | €9,837 | €10,276 | +€439 | +4.5% |
| Trade debts | 44 | €1,342 | €1,173 | -€169 | -12.6% |
| Suppliers | 440/4 | €1,342 | €1,173 | -€169 | -12.6% |
| Taxes, remuneration and social security | 45 | €6,331 | €4,075 | -€2,257 | -35.6% |
| Taxes | 450/3 | €6,331 | €4,075 | -€2,257 | -35.6% |
| Other amounts payable | 47/48 | €85,087 | €35,789 | -€49,298 | -57.9% |
| Accrued charges and deferred income | 492/3 | €2,157 | €2,332 | +€175 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,965 | €24,110 | +€145 | +0.6% |
| Other operating charges | 640/8 | €14,509 | €14,943 | +€434 | +3.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €94,934 | €78,005 | -€16,929 | -17.8% |
| Operating profit (loss) | 9901 | €56,460 | €38,952 | -€17,508 | -31.0% |
| Financial income | 75/76B | €3,776 | €4,482 | +€706 | +18.7% |
| Recurring financial income | 75 | €3,776 | €4,482 | +€706 | +18.7% |
| Financial charges | 65/66B | €8,831 | €6,034 | -€2,797 | -31.7% |
| Recurring financial charges | 65 | €8,831 | €6,034 | -€2,797 | -31.7% |
| Profit (loss) for the period before taxes | 9903 | €51,405 | €37,401 | -€14,005 | -27.2% |
| Transfer from deferred taxes | 780 | €434 | €434 | = | 0.0% |
| Income taxes | 67/77 | €5,040 | €3,754 | -€1,286 | -25.5% |
| Profit (loss) for the period | 9904 | €46,799 | €34,081 | -€12,718 | -27.2% |
| Transfer from tax-exempt reserves | 789 | €1,302 | €1,302 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,102 | €35,384 | -€12,718 | -26.4% |
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 13 October 2026 via checked.be.