Ortho ZTM: 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 ZTM
Largest movements
- Tangible fixed assets -€35,012
down €35,012 (-10.4%), from €335,044 to €300,032
- Deferred charges and accrued income -€17,909
down €17,909 (-40.6%), from €44,092 to €26,182
- Financial fixed assets +€12,500
up €12,500 (+98.6%), from €12,675 to €25,175
- Receivables within one year +€7,491
up €7,491 (+70.9%), from €10,568 to €18,059
of which Other amounts receivable: +€7,491
- Debts after one year -€63,547
down €63,547 (-17.2%), from €370,322 to €306,775
- Profit (loss) carried forward +€27,032
up €27,032 (+205%), from €13,182 to €40,214
- Short-term financial debts +€8,634
new in 2025: €8,634
- Other debts -€6,188
down €6,188 (-95.4%), from €6,484 to €296
- Turnover -€233,271
no longer reported in 2025 (was €233,271)
- Purchases and services -€132,901
no longer reported in 2025 (was €132,901)
- Gross operating margin -€18,653
down €18,653 (-18.6%), from €100,370 to €81,717
- Staff costs -€6,589
down €6,589 (-79.1%), from €8,328 to €1,739
- Financial charges +€3,896
up €3,896 (+86.8%), from €4,490 to €8,386
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 | €445,247 | €417,205 | -€28,042 | -6.3% |
| Fixed assets | 21/28 | €347,719 | €325,207 | -€22,512 | -6.5% |
| Tangible fixed assets | 22/27 | €335,044 | €300,032 | -€35,012 | -10.4% |
| Land and buildings | 22 | €253,174 | €236,609 | -€16,564 | -6.5% |
| Plant, machinery and equipment | 23 | €7,269 | €0 | -€7,269 | -100% |
| Furniture and vehicles | 24 | €55 | €0 | -€55 | -100% |
| Leasing and similar rights | 25 | €14,899 | €11,461 | -€3,438 | -23.1% |
| Other tangible fixed assets | 26 | €59,647 | €51,962 | -€7,685 | -12.9% |
| Financial fixed assets | 28 | €12,675 | €25,175 | +€12,500 | +98.6% |
| Current assets | 29/58 | €97,528 | €91,998 | -€5,531 | -5.7% |
| Stocks and contracts in progress | 3 | - | €4,132 | +€4,132 | |
| Stocks | 30/36 | - | €4,132 | +€4,132 | |
| Amounts receivable within one year | 40/41 | €10,568 | €18,059 | +€7,491 | +70.9% |
| Trade receivables | 40 | €6,375 | €6,375 | = | 0.0% |
| Other amounts receivable | 41 | €4,193 | €11,684 | +€7,491 | +179% |
| Cash at bank and in hand | 54/58 | €42,869 | €43,625 | +€755 | +1.8% |
| Deferred charges and accrued income | 490/1 | €44,092 | €26,182 | -€17,909 | -40.6% |
| Total equity and liabilities | 10/49 | €445,247 | €417,205 | -€28,042 | -6.3% |
| Equity | 10/15 | €15,182 | €42,214 | +€27,032 | +178% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,182 | €40,214 | +€27,032 | +205% |
| Amounts payable | 17/49 | €430,065 | €374,991 | -€55,074 | -12.8% |
| Amounts payable after more than one year | 17 | €370,322 | €306,775 | -€63,547 | -17.2% |
| Financial debts | 170/4 | €370,322 | €306,775 | -€63,547 | -17.2% |
| Amounts payable within one year | 42/48 | €59,743 | €68,216 | +€8,473 | +14.2% |
| Current portion of amounts payable after more than one year | 42 | €48,529 | €52,004 | +€3,475 | +7.2% |
| Financial debts | 43 | - | €8,634 | +€8,634 | |
| Credit institutions | 430/8 | - | €8,634 | +€8,634 | |
| Trade debts | 44 | €4,030 | €6,342 | +€2,312 | +57.4% |
| Suppliers | 440/4 | €4,030 | €6,342 | +€2,312 | +57.4% |
| Taxes, remuneration and social security | 45 | €700 | €941 | +€241 | +34.5% |
| Taxes | 450/3 | €700 | €941 | +€241 | +34.5% |
| Other amounts payable | 47/48 | €6,484 | €296 | -€6,188 | -95.4% |
| Turnover | 70 | €233,271 | - | -€233,271 | |
| Non-recurring operating income | 76A | €3,230 | - | -€3,230 | |
| Goods, raw materials, services and sundry goods | 60/61 | €132,901 | - | -€132,901 | |
| Remuneration, social security and pensions | 62 | €8,328 | €1,739 | -€6,589 | -79.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,521 | €35,012 | +€490 | +1.4% |
| Other operating charges | 640/8 | €3,230 | €2,038 | -€1,192 | -36.9% |
| Gross operating margin | 9900 | €100,370 | €81,717 | -€18,653 | -18.6% |
| Operating profit (loss) | 9901 | €54,289 | €42,927 | -€11,362 | -20.9% |
| Financial charges | 65/66B | €4,490 | €8,386 | +€3,896 | +86.8% |
| Recurring financial charges | 65 | €4,490 | €8,386 | +€3,896 | +86.8% |
| Profit (loss) for the period before taxes | 9903 | €49,799 | €34,541 | -€15,258 | -30.6% |
| Income taxes | 67/77 | €10,718 | €7,509 | -€3,209 | -29.9% |
| Profit (loss) for the period | 9904 | €39,081 | €27,032 | -€12,049 | -30.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,081 | €27,032 | -€12,049 | -30.8% |
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 1 November 2026 via checked.be.