ORTHODON: 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.
ORTHODON
Largest movements
- Current investments -€50,000
down €50,000 (-16.7%), from €300,000 to €250,000
- Cash +€28,953
up €28,953 (+17.2%), from €168,352 to €197,306
mainly Other debts (+€359,932) and Depreciation (+€154,481)
- Tangible fixed assets +€17,893
up €17,893 (+2.2%), from €823,827 to €841,721
of which Plant, machinery and equipment: +€110,271
- Reserves -€453,496
down €453,496 (-79.7%), from €568,931 to €115,434
of which Distributable reserves: -€432,946
- Other debts +€359,932
up €359,932 (+554.5%), from €64,911 to €424,843
- Debts after one year +€35,623
up €35,623 (+7.1%), from €498,521 to €534,144
- Tax, wage and social debts +€32,922
up €32,922 (+53.1%), from €62,022 to €94,945
of which Taxes: +€23,993
- Current portion of long-term debt +€27,756
up €27,756 (+43.1%), from €64,376 to €92,132
- Gross operating margin +€134,530
up €134,530 (+40.7%), from €330,810 to €465,340
- Staff costs +€49,707
up €49,707 (+20.4%), from €244,164 to €293,871
- Depreciation +€16,828
up €16,828 (+12.2%), from €137,653 to €154,481
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 | €1,381,915 | €1,384,098 | +€2,184 | +0.2% |
| Fixed assets | 21/28 | €823,827 | €841,721 | +€17,893 | +2.2% |
| Tangible fixed assets | 22/27 | €823,827 | €841,721 | +€17,893 | +2.2% |
| Land and buildings | 22 | €676,104 | €591,048 | -€85,055 | -12.6% |
| Plant, machinery and equipment | 23 | €126,829 | €237,099 | +€110,271 | +86.9% |
| Furniture and vehicles | 24 | €20,895 | €13,573 | -€7,322 | -35.0% |
| Current assets | 29/58 | €558,087 | €542,378 | -€15,710 | -2.8% |
| Amounts receivable within one year | 40/41 | €55,165 | €48,037 | -€7,128 | -12.9% |
| Other amounts receivable | 41 | €55,165 | €48,037 | -€7,128 | -12.9% |
| Current investments | 50/53 | €300,000 | €250,000 | -€50,000 | -16.7% |
| Cash at bank and in hand | 54/58 | €168,352 | €197,306 | +€28,953 | +17.2% |
| Deferred charges and accrued income | 490/1 | €34,570 | €47,035 | +€12,465 | +36.1% |
| Total equity and liabilities | 10/49 | €1,381,915 | €1,384,098 | +€2,184 | +0.2% |
| Equity | 10/15 | €579,550 | €140,664 | -€438,887 | -75.7% |
| Contributions | 10/11 | €62,500 | €62,500 | = | 0.0% |
| Capital | 10 | €62,500 | €62,500 | = | 0.0% |
| Issued capital | 100 | €62,500 | €62,500 | = | 0.0% |
| Reserves | 13 | €568,931 | €115,434 | -€453,496 | -79.7% |
| Non-distributable reserves | 130/1 | €23,518 | €6,250 | -€17,268 | -73.4% |
| Legal reserve | 130 | €23,518 | €6,250 | -€17,268 | -73.4% |
| Tax-exempt reserves | 132 | €39,390 | €36,107 | -€3,282 | -8.3% |
| Distributable reserves | 133 | €506,023 | €73,077 | -€432,946 | -85.6% |
| Profit (loss) carried forward | 14 | -€51,880 | -€37,271 | +€14,609 | +28.2% |
| Provisions and deferred taxes | 16 | €9,847 | €9,027 | -€821 | -8.3% |
| Deferred taxes | 168 | €9,847 | €9,027 | -€821 | -8.3% |
| Amounts payable | 17/49 | €792,517 | €1,234,408 | +€441,891 | +55.8% |
| Amounts payable after more than one year | 17 | €498,521 | €534,144 | +€35,623 | +7.1% |
| Financial debts | 170/4 | €498,521 | €534,144 | +€35,623 | +7.1% |
| Amounts payable within one year | 42/48 | €289,996 | €696,264 | +€406,268 | +140.1% |
| Current portion of amounts payable after more than one year | 42 | €64,376 | €92,132 | +€27,756 | +43.1% |
| Trade debts | 44 | €98,688 | €84,345 | -€14,343 | -14.5% |
| Suppliers | 440/4 | €98,688 | €84,345 | -€14,343 | -14.5% |
| Taxes, remuneration and social security | 45 | €62,022 | €94,945 | +€32,922 | +53.1% |
| Taxes | 450/3 | €10,267 | €34,260 | +€23,993 | +233.7% |
| Remuneration and social security | 454/9 | €51,755 | €60,685 | +€8,929 | +17.3% |
| Other amounts payable | 47/48 | €64,911 | €424,843 | +€359,932 | +554.5% |
| Accrued charges and deferred income | 492/3 | €4,000 | €4,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €244,164 | €293,871 | +€49,707 | +20.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,653 | €154,481 | +€16,828 | +12.2% |
| Other operating charges | 640/8 | €6,135 | €6,268 | +€133 | +2.2% |
| Gross operating margin | 9900 | €330,810 | €465,340 | +€134,530 | +40.7% |
| Operating profit (loss) | 9901 | -€57,142 | €10,720 | +€67,862 | |
| Financial income | 75/76B | €11,425 | €10,414 | -€1,011 | -8.8% |
| Recurring financial income | 75 | €11,425 | €10,414 | -€1,011 | -8.8% |
| Financial charges | 65/66B | €9,743 | €10,050 | +€307 | +3.2% |
| Recurring financial charges | 65 | €9,743 | €10,050 | +€307 | +3.2% |
| Profit (loss) for the period before taxes | 9903 | -€55,459 | €11,084 | +€66,543 | |
| Transfer from deferred taxes | 780 | €821 | €821 | = | 0.0% |
| Income taxes | 67/77 | €524 | €578 | +€54 | +10.2% |
| Profit (loss) for the period | 9904 | -€55,163 | €11,327 | +€66,490 | |
| Transfer from tax-exempt reserves | 789 | €3,282 | €3,282 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€51,880 | €14,609 | +€66,490 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.