ORTHOGONE: 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.
ORTHOGONE
Largest movements
- Tangible fixed assets -€6,155
down €6,155 (-100%), from €6,155 to €0
of which Furniture and vehicles: -€6,075
- Receivables within one year +€5,681
up €5,681 (+47.0%), from €12,079 to €17,760
of which Trade receivables: +€3,915
- Stocks and contracts +€3,553
up €3,553 (+53.8%), from €6,600 to €10,153
- Cash -€3,217
down €3,217 (-63.9%), from €5,032 to €1,815
mainly Current portion of long-term debt (-€6,041) and Receivables within one year (-€5,681)
- Deferred charges and accrued income -€1,205
down €1,205 (-72.3%), from €1,666 to €461
- Current portion of long-term debt -€6,041
down €6,041 (-91.6%), from €6,595 to €554
- Profit (loss) carried forward +€5,327
up €5,327, from -€5,310 to €18
- Tax, wage and social debts -€1,696
down €1,696 (-53.8%), from €3,156 to €1,460
- Other debts +€1,058
up €1,058 (+207%), from €512 to €1,570
- Trade debts +€1,045
up €1,045 (+860%), from €122 to €1,167
- Depreciation -€4,491
down €4,491 (-42.2%), from €10,646 to €6,155
- Taxes +€1,437
up €1,437 (+130%), from €1,103 to €2,540
- Financial charges -€875
down €875 (-65.7%), from €1,331 to €457
- Gross operating margin +€373
up €373 (+2.5%), from €15,162 to €15,535
- Other operating charges -€197
down €197 (-15.7%), from €1,253 to €1,056
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 | €32,231 | €30,888 | -€1,343 | -4.2% |
| Fixed assets | 21/28 | €6,855 | €700 | -€6,155 | -89.8% |
| Tangible fixed assets | 22/27 | €6,155 | €0 | -€6,155 | -100% |
| Plant, machinery and equipment | 23 | €80 | €0 | -€80 | -100% |
| Furniture and vehicles | 24 | €6,075 | €0 | -€6,075 | -100% |
| Financial fixed assets | 28 | €700 | €700 | = | 0.0% |
| Current assets | 29/58 | €25,376 | €30,188 | +€4,812 | +19.0% |
| Stocks and contracts in progress | 3 | €6,600 | €10,153 | +€3,553 | +53.8% |
| Contracts in progress | 37 | €6,600 | €10,153 | +€3,553 | +53.8% |
| Amounts receivable within one year | 40/41 | €12,079 | €17,760 | +€5,681 | +47.0% |
| Trade receivables | 40 | €12,079 | €15,994 | +€3,915 | +32.4% |
| Other amounts receivable | 41 | - | €1,765 | +€1,765 | |
| Cash at bank and in hand | 54/58 | €5,032 | €1,815 | -€3,217 | -63.9% |
| Deferred charges and accrued income | 490/1 | €1,666 | €461 | -€1,205 | -72.3% |
| Total equity and liabilities | 10/49 | €32,231 | €30,888 | -€1,343 | -4.2% |
| Equity | 10/15 | €20,810 | €26,138 | +€5,327 | +25.6% |
| Contributions | 10/11 | €15,260 | €15,260 | = | 0.0% |
| Reserves | 13 | €10,860 | €10,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,310 | €18 | +€5,327 | |
| Amounts payable | 17/49 | €11,421 | €4,751 | -€6,670 | -58.4% |
| Amounts payable after more than one year | 17 | €554 | €0 | -€554 | -100% |
| Financial debts | 170/4 | €554 | €0 | -€554 | -100% |
| Amounts payable within one year | 42/48 | €10,384 | €4,751 | -€5,634 | -54.3% |
| Current portion of amounts payable after more than one year | 42 | €6,595 | €554 | -€6,041 | -91.6% |
| Trade debts | 44 | €122 | €1,167 | +€1,045 | +860% |
| Suppliers | 440/4 | €122 | €1,167 | +€1,045 | +860% |
| Taxes, remuneration and social security | 45 | €3,156 | €1,460 | -€1,696 | -53.8% |
| Taxes | 450/3 | €3,156 | €1,460 | -€1,696 | -53.8% |
| Other amounts payable | 47/48 | €512 | €1,570 | +€1,058 | +207% |
| Accrued charges and deferred income | 492/3 | €483 | €0 | -€483 | -100% |
| Non-recurring operating income | 76A | €4,409 | €0 | -€4,409 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,646 | €6,155 | -€4,491 | -42.2% |
| Other operating charges | 640/8 | €1,253 | €1,056 | -€197 | -15.7% |
| Gross operating margin | 9900 | €15,162 | €15,535 | +€373 | +2.5% |
| Operating profit (loss) | 9901 | €3,263 | €8,324 | +€5,061 | +155% |
| Financial charges | 65/66B | €1,331 | €457 | -€875 | -65.7% |
| Recurring financial charges | 65 | €1,331 | €457 | -€875 | -65.7% |
| Profit (loss) for the period before taxes | 9903 | €1,932 | €7,867 | +€5,936 | +307% |
| Income taxes | 67/77 | €1,103 | €2,540 | +€1,437 | +130% |
| Profit (loss) for the period | 9904 | €828 | €5,327 | +€4,499 | +543% |
| Profit (loss) for the period to be appropriated | 9905 | €828 | €5,327 | +€4,499 | +543% |
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 22 October 2026 via checked.be.