Ortho Badran: 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.
Ortho Badran
Largest movements
- Cash -€85,194
down €85,194 (-71.8%), from €118,581 to €33,386
mainly Contributions, distributions and other (-€200,000) and Investment in fixed assets (net) (-€16,813)
- Profit (loss) carried forward -€192,137
down €192,137 (-78.4%), from €245,029 to €52,892
- Other debts +€68,000
up €68,000, from €0 to €68,000
- Provisions +€33,154
new in 2025: €33,154
- Tax, wage and social debts +€4,943
up €4,943 (+49.7%), from €9,938 to €14,881
of which Taxes: +€4,943
- Provisions +€33,154
new in 2025: €33,154
- Gross operating margin +€8,924
up €8,924 (+13.8%), from €64,794 to €73,718
- Other operating charges -€3,488
down €3,488 (-99.2%), from €3,516 to €28
- Depreciation +€1,497
up €1,497 (+10.7%), from €13,951 to €15,448
- Taxes +€752
up €752 (+6.2%), from €12,089 to €12,841
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 | €259,967 | €176,037 | -€83,930 | -32.3% |
| Fixed assets | 21/28 | €46,842 | €48,207 | +€1,365 | +2.9% |
| Tangible fixed assets | 22/27 | €46,632 | €47,997 | +€1,365 | +2.9% |
| Furniture and vehicles | 24 | €46,632 | €33,319 | -€13,312 | -28.5% |
| Other tangible fixed assets | 26 | - | €14,677 | +€14,677 | |
| Financial fixed assets | 28 | €210 | €210 | = | 0.0% |
| Current assets | 29/58 | €213,126 | €127,830 | -€85,296 | -40.0% |
| Amounts receivable within one year | 40/41 | €92,556 | €91,242 | -€1,315 | -1.4% |
| Trade receivables | 40 | €76,905 | €73,155 | -€3,749 | -4.9% |
| Other amounts receivable | 41 | €15,651 | €18,086 | +€2,435 | +15.6% |
| Cash at bank and in hand | 54/58 | €118,581 | €33,386 | -€85,194 | -71.8% |
| Deferred charges and accrued income | 490/1 | €1,989 | €3,202 | +€1,213 | +61.0% |
| Total equity and liabilities | 10/49 | €259,967 | €176,037 | -€83,930 | -32.3% |
| Equity | 10/15 | €250,029 | €57,892 | -€192,137 | -76.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €245,029 | €52,892 | -€192,137 | -78.4% |
| Provisions and deferred taxes | 16 | - | €33,154 | +€33,154 | |
| Provisions for liabilities and charges | 160/5 | - | €33,154 | +€33,154 | |
| Other liabilities and charges | 164/5 | - | €33,154 | +€33,154 | |
| Amounts payable | 17/49 | €9,938 | €84,991 | +€75,053 | +755% |
| Amounts payable within one year | 42/48 | €9,938 | €84,991 | +€75,053 | +755% |
| Trade debts | 44 | €0 | €2,110 | +€2,110 | |
| Suppliers | 440/4 | €0 | €2,110 | +€2,110 | |
| Taxes, remuneration and social security | 45 | €9,938 | €14,881 | +€4,943 | +49.7% |
| Taxes | 450/3 | €7,798 | €12,741 | +€4,943 | +63.4% |
| Remuneration and social security | 454/9 | €2,140 | €2,140 | = | 0.0% |
| Other amounts payable | 47/48 | €0 | €68,000 | +€68,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,951 | €15,448 | +€1,497 | +10.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €33,154 | +€33,154 | |
| Other operating charges | 640/8 | €3,516 | €28 | -€3,488 | -99.2% |
| Gross operating margin | 9900 | €64,794 | €73,718 | +€8,924 | +13.8% |
| Operating profit (loss) | 9901 | €47,327 | €25,088 | -€22,238 | -47.0% |
| Financial income | 75/76B | €526 | €267 | -€258 | -49.1% |
| Recurring financial income | 75 | €526 | €267 | -€258 | -49.1% |
| Financial charges | 65/66B | €4,811 | €4,651 | -€161 | -3.3% |
| Recurring financial charges | 65 | €4,811 | €4,651 | -€161 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | €43,041 | €20,705 | -€22,336 | -51.9% |
| Income taxes | 67/77 | €12,089 | €12,841 | +€752 | +6.2% |
| Profit (loss) for the period | 9904 | €30,951 | €7,863 | -€23,088 | -74.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,951 | €7,863 | -€23,088 | -74.6% |
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 26 October 2026 via checked.be.