Ortholance: 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.
Ortholance
Largest movements
- Cash -€68,352
down €68,352 (-20.3%), from €337,481 to €269,129
mainly Contributions, distributions and other (-€465,657) and Receivables within one year (-€45,022)
- Receivables within one year +€45,022
up €45,022 (+178%), from €25,281 to €70,303
of which Trade receivables: +€40,430
- Tangible fixed assets -€21,644
down €21,644 (-3.9%), from €550,096 to €528,452
of which Land and buildings: -€13,074
- Profit (loss) carried forward -€281,731
down €281,731 (-60.5%), from €465,657 to €183,926
- Other debts +€198,639
up €198,639 (+1,140%), from €17,417 to €216,056
- Accrued charges and deferred income +€36,987
up €36,987 (+5,032%), from €735 to €37,722
- Gross operating margin -€67,437
down €67,437 (-19.2%), from €351,202 to €283,765
- Depreciation -€43,655
down €43,655 (-66.9%), from €65,299 to €21,644
- Taxes -€8,463
down €8,463 (-13.1%), from €64,398 to €55,934
- Financial charges +€6,962
up €6,962 (+39.4%), from €17,676 to €24,638
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 | €913,907 | €867,883 | -€46,024 | -5.0% |
| Fixed assets | 21/28 | €550,096 | €528,452 | -€21,644 | -3.9% |
| Tangible fixed assets | 22/27 | €550,096 | €528,452 | -€21,644 | -3.9% |
| Land and buildings | 22 | €487,135 | €474,061 | -€13,074 | -2.7% |
| Furniture and vehicles | 24 | €11,577 | €8,848 | -€2,729 | -23.6% |
| Other tangible fixed assets | 26 | €51,384 | €45,543 | -€5,841 | -11.4% |
| Current assets | 29/58 | €363,811 | €339,432 | -€24,379 | -6.7% |
| Amounts receivable within one year | 40/41 | €25,281 | €70,303 | +€45,022 | +178% |
| Trade receivables | 40 | €9,679 | €50,109 | +€40,430 | +418% |
| Other amounts receivable | 41 | €15,602 | €20,194 | +€4,592 | +29.4% |
| Cash at bank and in hand | 54/58 | €337,481 | €269,129 | -€68,352 | -20.3% |
| Deferred charges and accrued income | 490/1 | €1,050 | - | -€1,050 | |
| Total equity and liabilities | 10/49 | €913,907 | €867,883 | -€46,024 | -5.0% |
| Equity | 10/15 | €486,117 | €204,386 | -€281,731 | -58.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €465,657 | €183,926 | -€281,731 | -60.5% |
| Amounts payable | 17/49 | €427,790 | €663,498 | +€235,708 | +55.1% |
| Amounts payable after more than one year | 17 | €400,000 | €400,000 | = | 0.0% |
| Financial debts | 170/4 | €400,000 | €400,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €27,055 | €225,775 | +€198,720 | +735% |
| Trade debts | 44 | €2,426 | €228 | -€2,198 | -90.6% |
| Suppliers | 440/4 | €2,426 | €228 | -€2,198 | -90.6% |
| Taxes, remuneration and social security | 45 | €7,212 | €9,492 | +€2,280 | +31.6% |
| Taxes | 450/3 | €4,812 | €7,092 | +€2,280 | +47.4% |
| Remuneration and social security | 454/9 | €2,400 | €2,400 | = | 0.0% |
| Other amounts payable | 47/48 | €17,417 | €216,056 | +€198,639 | +1,140% |
| Accrued charges and deferred income | 492/3 | €735 | €37,722 | +€36,987 | +5,032% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,299 | €21,644 | -€43,655 | -66.9% |
| Other operating charges | 640/8 | €750 | €1,385 | +€636 | +84.8% |
| Gross operating margin | 9900 | €351,202 | €283,765 | -€67,437 | -19.2% |
| Operating profit (loss) | 9901 | €285,153 | €260,735 | -€24,418 | -8.6% |
| Financial income | 75/76B | €2,249 | €3,763 | +€1,514 | +67.3% |
| Recurring financial income | 75 | €2,249 | €3,763 | +€1,514 | +67.3% |
| Financial charges | 65/66B | €17,676 | €24,638 | +€6,962 | +39.4% |
| Recurring financial charges | 65 | €17,676 | €24,638 | +€6,962 | +39.4% |
| Profit (loss) for the period before taxes | 9903 | €269,726 | €239,860 | -€29,866 | -11.1% |
| Income taxes | 67/77 | €64,398 | €55,934 | -€8,463 | -13.1% |
| Profit (loss) for the period | 9904 | €205,328 | €183,926 | -€21,403 | -10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €205,328 | €183,926 | -€21,403 | -10.4% |
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 18 October 2026 via checked.be.