ORTHODHOUX: 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.
ORTHODHOUX
Largest movements
- Cash +€213,728
up €213,728 (+51.8%), from €412,490 to €626,218
mainly Net result for the year (+€182,037) and Other debts (+€51,024)
- Current investments -€50,000
no longer reported in 2025 (was €50,000)
- Reserves +€106,700
up €106,700 (+21.9%), from €487,300 to €594,000
- Other debts +€51,024
new in 2025: €51,024
- Gross operating margin +€147,509
up €147,509 (+159%), from €92,689 to €240,198
- Taxes +€37,907
up €37,907 (+204%), from €18,565 to €56,472
- Financial income +€3,081
up €3,081 (+267%), from €1,153 to €4,234
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 | €490,153 | €648,102 | +€157,949 | +32.2% |
| Fixed assets | 21/28 | €8,883 | €7,936 | -€948 | -10.7% |
| Tangible fixed assets | 22/27 | €8,883 | €7,936 | -€948 | -10.7% |
| Plant, machinery and equipment | 23 | €7,643 | €6,409 | -€1,234 | -16.1% |
| Furniture and vehicles | 24 | €1,240 | €1,526 | +€286 | +23.1% |
| Current assets | 29/58 | €481,269 | €640,166 | +€158,897 | +33.0% |
| Amounts receivable within one year | 40/41 | €13,887 | €11,204 | -€2,683 | -19.3% |
| Trade receivables | 40 | - | €857 | +€857 | |
| Other amounts receivable | 41 | €13,887 | €10,347 | -€3,540 | -25.5% |
| Current investments | 50/53 | €50,000 | - | -€50,000 | |
| Cash at bank and in hand | 54/58 | €412,490 | €626,218 | +€213,728 | +51.8% |
| Deferred charges and accrued income | 490/1 | €4,893 | €2,744 | -€2,148 | -43.9% |
| Total equity and liabilities | 10/49 | €490,153 | €648,102 | +€157,949 | +32.2% |
| Equity | 10/15 | €489,844 | €596,581 | +€106,737 | +21.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €487,300 | €594,000 | +€106,700 | +21.9% |
| Distributable reserves | 133 | €487,300 | €594,000 | +€106,700 | +21.9% |
| Profit (loss) carried forward | 14 | €44 | €81 | +€37 | +84.2% |
| Amounts payable | 17/49 | €309 | €51,521 | +€51,212 | +16,592% |
| Amounts payable within one year | 42/48 | €309 | €51,521 | +€51,212 | +16,592% |
| Trade debts | 44 | €309 | €496 | +€188 | +60.8% |
| Suppliers | 440/4 | €309 | €496 | +€188 | +60.8% |
| Other amounts payable | 47/48 | - | €51,024 | +€51,024 | |
| Non-recurring operating income | 76A | - | €760 | +€760 | |
| Remuneration, social security and pensions | 62 | - | €768 | +€768 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,039 | €1,707 | -€332 | -16.3% |
| Other operating charges | 640/8 | €415 | €818 | +€403 | +97.0% |
| Gross operating margin | 9900 | €92,689 | €240,198 | +€147,509 | +159% |
| Operating profit (loss) | 9901 | €90,235 | €236,905 | +€146,670 | +163% |
| Financial income | 75/76B | €1,153 | €4,234 | +€3,081 | +267% |
| Recurring financial income | 75 | €1,153 | €4,234 | +€3,081 | +267% |
| Financial charges | 65/66B | €4,315 | €2,629 | -€1,686 | -39.1% |
| Recurring financial charges | 65 | €4,315 | €2,629 | -€1,686 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | €87,072 | €238,509 | +€151,437 | +174% |
| Income taxes | 67/77 | €18,565 | €56,472 | +€37,907 | +204% |
| Profit (loss) for the period | 9904 | €68,507 | €182,037 | +€113,530 | +166% |
| Profit (loss) for the period to be appropriated | 9905 | €68,507 | €182,037 | +€113,530 | +166% |
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 16 October 2026 via checked.be.