ORTHODYNE: what changed
What changed
ORTHODYNE
NACE 26.510, Manufacture of computer, electronic and optical products
filed annual accounts (NBB)
Net result for the year
€65,708
2024 · €701,641-€635,934
Equity
€6.3m
2024 · €6.3m+€50,191
Cash
€602,692
2024 · €141,264+€461,428
Balance sheet total
€11.1m
2024 · €10.7m+€427,246
Largest movements
Assets
- Receivables within one year -€756,520
down €756,520 (-17.0%), from €4.5m to €3.7m
of which Other amounts receivable: -€819,228
- Stocks and contracts +€623,035
up €623,035 (+19.2%), from €3.2m to €3.9m
of which Stocks: +€452,129
- Cash +€461,428
up €461,428 (+327%), from €141,264 to €602,692
mainly Receivables within one year (+€756,520) and Depreciation (+€753,794)
- Financial fixed assets -€147,263
down €147,263 (-36.1%), from €407,719 to €260,456
- Intangible fixed assets +€144,372
up €144,372 (+16.3%), from €888,212 to €1.0m
Equity and liabilities
- Advances received +€492,187
up €492,187 (+157%), from €313,011 to €805,198
- Other debts -€231,356
down €231,356 (-88.8%), from €260,468 to €29,111
- Tax, wage and social debts +€195,766
up €195,766 (+29.8%), from €658,013 to €853,780
of which Remuneration and social security: +€188,611
Income statement
- Purchases and services +€1.1m
up €1.1m (+22.5%), from €4.7m to €5.8m
- Turnover +€856,478
up €856,478 (+9.2%), from €9.3m to €10.1m
- Gross operating margin +€657,820
up €657,820 (+12.8%), from €5.1m to €5.8m
- Staff costs +€260,294
up €260,294 (+7.0%), from €3.7m to €4.0m
- Taxes -€177,893
down €177,893 (-90.4%), from €196,875 to €18,982
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€701,641
Gross operating margin
+€657,820
Staff costs
-€260,294
Depreciation
-€132,923
Write-downs
-€42,406
Provisions
-€9,194
Other operating charges
+€3,856
Other operating items
-€934,525
Financial income
+€36,437
Financial charges
-€132,597
Taxes
+€177,893
Result 2025
€65,708
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.3m
Investment
-€756,620
Financing
-€78,279
Cash 2024
€141,264
From operations (derived)
+€1.3m
Net result for the year
+€65,708
Depreciation
+€753,794
Stocks and contracts
-€623,035
Receivables within one year
+€756,520
Deferred charges and accrued income
-€96,476
Provisions
+€16,833
Trade debts
-€78,448
Tax, wage and social debts
+€195,766
Advances received
+€492,187
Other debts
-€231,356
Accrued charges and deferred income
+€44,834
Investment (derived)
-€756,620
Investment in fixed assets (net)
-€756,620
Financing
-€78,279
Debts after one year
-€100,000
Short-term financial debts
+€37,237
Contributions, distributions and other
-€15,516
Cash 2025
€602,692
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €10,702,331 | €11,129,576 | +€427,246 | +4.0% |
| Fixed assets | 21/28 | €2,732,172 | €2,734,998 | +€2,826 | +0.1% |
| Intangible fixed assets | 21 | €888,212 | €1,032,584 | +€144,372 | +16.3% |
| Tangible fixed assets | 22/27 | €1,436,241 | €1,441,958 | +€5,717 | +0.4% |
| Land and buildings | 22 | €1,339,379 | €1,250,056 | -€89,324 | -6.7% |
| Plant, machinery and equipment | 23 | €22,367 | €140,198 | +€117,832 | +527% |
| Furniture and vehicles | 24 | €74,495 | €51,704 | -€22,791 | -30.6% |
| Financial fixed assets | 28 | €407,719 | €260,456 | -€147,263 | -36.1% |
| Current assets | 29/58 | €7,970,159 | €8,394,578 | +€424,420 | +5.3% |
| Stocks and contracts in progress | 3 | €3,248,639 | €3,871,674 | +€623,035 | +19.2% |
| Stocks | 30/36 | €2,966,446 | €3,418,575 | +€452,129 | +15.2% |
| Contracts in progress | 37 | €282,193 | €453,098 | +€170,905 | +60.6% |
| Amounts receivable within one year | 40/41 | €4,459,610 | €3,703,091 | -€756,520 | -17.0% |
| Trade receivables | 40 | €3,230,277 | €3,292,985 | +€62,708 | +1.9% |
| Other amounts receivable | 41 | €1,229,334 | €410,106 | -€819,228 | -66.6% |
| Cash at bank and in hand | 54/58 | €141,264 | €602,692 | +€461,428 | +327% |
| Deferred charges and accrued income | 490/1 | €120,646 | €217,122 | +€96,476 | +80.0% |
| Total equity and liabilities | 10/49 | €10,702,331 | €11,129,576 | +€427,246 | +4.0% |
| Equity | 10/15 | €6,254,050 | €6,304,241 | +€50,191 | +0.8% |
| Contributions | 10/11 | €650,000 | €650,000 | = | 0.0% |
| Capital | 10 | €650,000 | €650,000 | = | 0.0% |
| Issued capital | 100 | €650,000 | €650,000 | = | 0.0% |
| Reserves | 13 | €984,593 | €984,593 | = | 0.0% |
| Non-distributable reserves | 130/1 | €65,000 | €65,000 | = | 0.0% |
| Legal reserve | 130 | €65,000 | €65,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €282,513 | €282,513 | = | 0.0% |
| Distributable reserves | 133 | €637,080 | €637,080 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,611,070 | €4,663,636 | +€52,566 | +1.1% |
| Investment grants | 15 | €8,387 | €6,012 | -€2,375 | -28.3% |
| Provisions and deferred taxes | 16 | €25,464 | €42,297 | +€16,833 | +66.1% |
| Provisions for liabilities and charges | 160/5 | €25,464 | €42,297 | +€16,833 | +66.1% |
| Pensions and similar obligations | 160 | €25,464 | €42,297 | +€16,833 | +66.1% |
| Amounts payable | 17/49 | €4,422,818 | €4,783,039 | +€360,221 | +8.1% |
| Amounts payable after more than one year | 17 | €850,000 | €750,000 | -€100,000 | -11.8% |
| Financial debts | 170/4 | €850,000 | €750,000 | -€100,000 | -11.8% |
| Amounts payable within one year | 42/48 | €3,523,216 | €3,938,602 | +€415,386 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 43 | €409,321 | €446,559 | +€37,237 | +9.1% |
| Credit institutions | 430/8 | €409,321 | €446,559 | +€37,237 | +9.1% |
| Trade debts | 44 | €1,782,402 | €1,703,954 | -€78,448 | -4.4% |
| Suppliers | 440/4 | €1,782,402 | €1,703,954 | -€78,448 | -4.4% |
| Advances received on contracts in progress | 46 | €313,011 | €805,198 | +€492,187 | +157% |
| Taxes, remuneration and social security | 45 | €658,013 | €853,780 | +€195,766 | +29.8% |
| Taxes | 450/3 | €101,559 | €108,714 | +€7,155 | +7.0% |
| Remuneration and social security | 454/9 | €556,455 | €745,066 | +€188,611 | +33.9% |
| Other amounts payable | 47/48 | €260,468 | €29,111 | -€231,356 | -88.8% |
| Accrued charges and deferred income | 492/3 | €49,602 | €94,437 | +€44,834 | +90.4% |
| Turnover | 70 | €9,285,008 | €10,141,486 | +€856,478 | +9.2% |
| Non-recurring operating income | 76A | - | €4,585 | +€4,585 | |
| Goods, raw materials, services and sundry goods | 60/61 | €4,724,860 | €5,786,910 | +€1.1m | +22.5% |
| Remuneration, social security and pensions | 62 | €3,697,474 | €3,957,768 | +€260,294 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €620,871 | €753,794 | +€132,923 | +21.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,264 | €39,142 | +€42,406 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €7,639 | €16,833 | +€9,194 | +120% |
| Other operating charges | 640/8 | €37,960 | €34,104 | -€3,856 | -10.2% |
| Non-recurring operating charges | 66A | - | €934,525 | +€934,525 | |
| Gross operating margin | 9900 | €5,137,356 | €5,795,176 | +€657,820 | +12.8% |
| Operating profit (loss) | 9901 | €776,676 | €59,010 | -€717,666 | -92.4% |
| Financial income | 75/76B | €247,016 | €283,453 | +€36,437 | +14.8% |
| Recurring financial income | 75 | €247,016 | €283,453 | +€36,437 | +14.8% |
| Financial charges | 65/66B | €125,176 | €257,773 | +€132,597 | +106% |
| Recurring financial charges | 65 | €125,176 | €110,510 | -€14,666 | -11.7% |
| Non-recurring financial charges | 66B | - | €147,263 | +€147,263 | |
| Profit (loss) for the period before taxes | 9903 | €898,516 | €84,690 | -€813,827 | -90.6% |
| Income taxes | 67/77 | €196,875 | €18,982 | -€177,893 | -90.4% |
| Profit (loss) for the period | 9904 | €701,641 | €65,708 | -€635,934 | -90.6% |
| Transfer from tax-exempt reserves | 789 | €252,600 | - | -€252,600 | |
| Transfer to tax-exempt reserves | 689 | €168,400 | - | -€168,400 | |
| Profit (loss) for the period to be appropriated | 9905 | €785,841 | €65,708 | -€720,134 | -91.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.