ORTHODIS: 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.
ORTHODIS
Largest movements
- Cash +€203,341
up €203,341 (+18.3%), from €1.1m to €1.3m
mainly Other debts (+€396,801) and Net result for the year (+€274,166)
- Receivables within one year -€194,622
down €194,622 (-45.9%), from €423,631 to €229,009
of which Trade receivables: -€207,837
- Other debts +€396,801
up €396,801 (+176.4%), from €224,977 to €621,778
- Reserves -€339,164
down €339,164 (-18.7%), from €1.8m to €1.5m
- Debts after one year -€34,178
down €34,178 (-28.7%), from €118,889 to €84,711
- Tax, wage and social debts -€29,708
down €29,708 (-68.9%), from €43,119 to €13,411
of which Taxes: -€24,053
- Gross operating margin -€32,276
down €32,276 (-4.8%), from €665,687 to €633,411
- Taxes -€19,630
down €19,630 (-13.4%), from €146,851 to €127,221
- Staff costs +€19,149
up €19,149 (+14.3%), from €133,616 to €152,764
- Depreciation +€15,813
up €15,813 (+32.9%), from €48,041 to €63,854
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.
Cash bridge derived
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 | €2,269,877 | €2,272,177 | +€2,300 | +0.1% |
| Fixed assets | 21/28 | €490,785 | €482,801 | -€7,984 | -1.6% |
| Tangible fixed assets | 22/27 | €483,785 | €475,801 | -€7,984 | -1.7% |
| Land and buildings | 22 | €368,367 | €343,921 | -€24,446 | -6.6% |
| Plant, machinery and equipment | 23 | €101,423 | €78,746 | -€22,677 | -22.4% |
| Furniture and vehicles | 24 | €12,235 | €52,162 | +€39,926 | +326.3% |
| Other tangible fixed assets | 26 | €1,760 | €972 | -€787 | -44.7% |
| Financial fixed assets | 28 | €7,000 | €7,000 | = | 0.0% |
| Current assets | 29/58 | €1,779,092 | €1,789,376 | +€10,284 | +0.6% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €39,299 | €43,149 | +€3,850 | +9.8% |
| Stocks | 30/36 | €39,299 | €43,149 | +€3,850 | +9.8% |
| Amounts receivable within one year | 40/41 | €423,631 | €229,009 | -€194,622 | -45.9% |
| Trade receivables | 40 | €421,645 | €213,808 | -€207,837 | -49.3% |
| Other amounts receivable | 41 | €1,986 | €15,201 | +€13,215 | +665.4% |
| Cash at bank and in hand | 54/58 | €1,109,822 | €1,313,163 | +€203,341 | +18.3% |
| Deferred charges and accrued income | 490/1 | €6,340 | €4,055 | -€2,286 | -36.0% |
| Total equity and liabilities | 10/49 | €2,269,877 | €2,272,177 | +€2,300 | +0.1% |
| Equity | 10/15 | €1,822,381 | €1,483,216 | -€339,164 | -18.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,816,181 | €1,477,016 | -€339,164 | -18.7% |
| Distributable reserves | 133 | €1,816,181 | €1,477,016 | -€339,164 | -18.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €447,496 | €788,961 | +€341,464 | +76.3% |
| Amounts payable after more than one year | 17 | €118,889 | €84,711 | -€34,178 | -28.7% |
| Financial debts | 170/4 | €118,889 | €84,711 | -€34,178 | -28.7% |
| Amounts payable within one year | 42/48 | €326,608 | €702,250 | +€375,642 | +115.0% |
| Current portion of amounts payable after more than one year | 42 | €32,974 | €34,178 | +€1,204 | +3.6% |
| Financial debts | 43 | €553 | €2 | -€551 | -99.6% |
| Credit institutions | 430/8 | €0 | €1 | +€1 | |
| Other loans | 439 | €553 | €1 | -€552 | -99.8% |
| Trade debts | 44 | €24,985 | €32,881 | +€7,896 | +31.6% |
| Suppliers | 440/4 | €24,985 | €32,881 | +€7,896 | +31.6% |
| Taxes, remuneration and social security | 45 | €43,119 | €13,411 | -€29,708 | -68.9% |
| Taxes | 450/3 | €29,829 | €5,776 | -€24,053 | -80.6% |
| Remuneration and social security | 454/9 | €13,290 | €7,635 | -€5,655 | -42.6% |
| Other amounts payable | 47/48 | €224,977 | €621,778 | +€396,801 | +176.4% |
| Accrued charges and deferred income | 492/3 | €2,000 | €2,000 | = | 0.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €133,616 | €152,764 | +€19,149 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,041 | €63,854 | +€15,813 | +32.9% |
| Other operating charges | 640/8 | €7,456 | €6,343 | -€1,113 | -14.9% |
| Gross operating margin | 9900 | €665,687 | €633,411 | -€32,276 | -4.8% |
| Operating profit (loss) | 9901 | €476,574 | €410,450 | -€66,125 | -13.9% |
| Financial income | 75/76B | €1,014 | €1,218 | +€204 | +20.1% |
| Recurring financial income | 75 | €1,014 | €1,218 | +€204 | +20.1% |
| Financial charges | 65/66B | €10,508 | €10,281 | -€227 | -2.2% |
| Recurring financial charges | 65 | €10,508 | €10,281 | -€227 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €467,080 | €401,386 | -€65,694 | -14.1% |
| Income taxes | 67/77 | €146,851 | €127,221 | -€19,630 | -13.4% |
| Profit (loss) for the period | 9904 | €320,229 | €274,166 | -€46,064 | -14.4% |
| Profit (loss) for the period to be appropriated | 9905 | €320,229 | €274,166 | -€46,064 | -14.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.