ORTHODES: what changed
Two fiscal 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.
ORTHODES
Largest movements
- Receivables within one year +€18,247
up €18,247 (+13.8%), from €132,057 to €150,304
- Cash +€12,431
up €12,431 (+44.4%), from €27,978 to €40,409
mainly Depreciation (+€48,046) and Debts after one year (+€24,028)
- Deferred charges and accrued income +€9,199
up €9,199 (+41.0%), from €22,423 to €31,621
- Debts after one year +€24,028
up €24,028 (+40.2%), from €59,815 to €83,842
- Reserves +€11,782
up €11,782 (+9.1%), from €128,794 to €140,576
of which Distributable reserves: +€11,782
- Staff costs +€1,889
up €1,889 (+8.1%), from €23,202 to €25,091
- Financial income +€1,643
up €1,643 (+29.6%), from €5,551 to €7,194
- Depreciation +€1,452
up €1,452 (+3.1%), from €46,594 to €48,046
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €581,654 | €618,350 | +€36,696 | +6.3% |
| Fixed assets | 21/28 | €399,196 | €396,015 | -€3,181 | -0.8% |
| Tangible fixed assets | 22/27 | €398,446 | €395,265 | -€3,181 | -0.8% |
| Land and buildings | 22 | €374,002 | €340,116 | -€33,886 | -9.1% |
| Plant, machinery and equipment | 23 | €2,911 | €2,128 | -€783 | -26.9% |
| Furniture and vehicles | 24 | €14,028 | €3,846 | -€10,182 | -72.6% |
| Other tangible fixed assets | 26 | €7,505 | €49,175 | +€41,670 | +555.3% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €182,458 | €222,334 | +€39,876 | +21.9% |
| Amounts receivable within one year | 40/41 | €132,057 | €150,304 | +€18,247 | +13.8% |
| Other amounts receivable | 41 | €132,057 | €150,304 | +€18,247 | +13.8% |
| Cash at bank and in hand | 54/58 | €27,978 | €40,409 | +€12,431 | +44.4% |
| Deferred charges and accrued income | 490/1 | €22,423 | €31,621 | +€9,199 | +41.0% |
| Total equity and liabilities | 10/49 | €581,654 | €618,350 | +€36,696 | +6.3% |
| Equity | 10/15 | €490,347 | €502,129 | +€11,782 | +2.4% |
| Contributions | 10/11 | €340,008 | €340,008 | = | 0.0% |
| Reserves | 13 | €128,794 | €140,576 | +€11,782 | +9.1% |
| Non-distributable reserves | 130/1 | €9,776 | €9,776 | = | 0.0% |
| Reserves not available under the articles | 1311 | €9,776 | €9,776 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,911 | €14,911 | = | 0.0% |
| Distributable reserves | 133 | €104,106 | €115,888 | +€11,782 | +11.3% |
| Profit (loss) carried forward | 14 | €21,545 | €21,545 | = | 0.0% |
| Amounts payable | 17/49 | €91,307 | €116,220 | +€24,914 | +27.3% |
| Amounts payable after more than one year | 17 | €59,815 | €83,842 | +€24,028 | +40.2% |
| Financial debts | 170/4 | €59,815 | €83,842 | +€24,028 | +40.2% |
| Amounts payable within one year | 42/48 | €31,492 | €32,378 | +€886 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €18,137 | €18,999 | +€862 | +4.8% |
| Financial debts | 43 | €2,621 | €2,622 | +€2 | +0.1% |
| Other loans | 439 | €2,621 | €2,622 | +€2 | +0.1% |
| Trade debts | 44 | €3,506 | €8,423 | +€4,916 | +140.2% |
| Suppliers | 440/4 | €3,506 | €8,423 | +€4,916 | +140.2% |
| Taxes, remuneration and social security | 45 | €7,228 | €2,334 | -€4,894 | -67.7% |
| Taxes | 450/3 | €5,599 | €166 | -€5,434 | -97.0% |
| Remuneration and social security | 454/9 | €1,628 | €2,168 | +€540 | +33.2% |
| Remuneration, social security and pensions | 62 | €23,202 | €25,091 | +€1,889 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,594 | €48,046 | +€1,452 | +3.1% |
| Other operating charges | 640/8 | €4,368 | €3,764 | -€604 | -13.8% |
| Gross operating margin | 9900 | €94,087 | €94,535 | +€448 | +0.5% |
| Operating profit (loss) | 9901 | €19,923 | €17,634 | -€2,289 | -11.5% |
| Financial income | 75/76B | €5,551 | €7,194 | +€1,643 | +29.6% |
| Recurring financial income | 75 | €5,551 | €7,194 | +€1,643 | +29.6% |
| Financial charges | 65/66B | €6,101 | €6,806 | +€705 | +11.6% |
| Recurring financial charges | 65 | €6,101 | €6,806 | +€705 | +11.6% |
| Profit (loss) for the period before taxes | 9903 | €19,373 | €18,021 | -€1,352 | -7.0% |
| Income taxes | 67/77 | €6,121 | €6,239 | +€118 | +1.9% |
| Profit (loss) for the period | 9904 | €13,252 | €11,782 | -€1,470 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €13,252 | €11,782 | -€1,470 | -11.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.