ORTHOLIEGEOIS: 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.
ORTHOLIEGEOIS
Largest movements
- Current investments +€180,000
up €180,000 (+72.0%), from €250,000 to €430,000
- Tangible fixed assets -€83,810
down €83,810 (-5.7%), from €1.5m to €1.4m
of which Land and buildings: -€55,456
- Cash -€31,346
down €31,346 (-3.2%), from €965,704 to €934,359
mainly Contributions, distributions and other (-€188,000) and Current investments (-€180,000)
- Reserves +€247,000
up €247,000 (+20.0%), from €1.2m to €1.5m
- Other debts -€134,291
down €134,291 (-25.4%), from €528,450 to €394,159
- Debts after one year -€73,020
down €73,020 (-21.5%), from €340,321 to €267,302
- Gross operating margin +€172,710
up €172,710 (+17.9%), from €965,350 to €1.1m
- Taxes +€46,364
up €46,364 (+30.0%), from €154,377 to €200,740
- Staff costs +€22,546
up €22,546 (+6.8%), from €329,373 to €351,919
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 | €2,901,541 | €2,953,473 | +€51,932 | +1.8% |
| Fixed assets | 21/28 | €1,474,126 | €1,390,316 | -€83,810 | -5.7% |
| Tangible fixed assets | 22/27 | €1,474,126 | €1,390,316 | -€83,810 | -5.7% |
| Land and buildings | 22 | €1,262,254 | €1,206,798 | -€55,456 | -4.4% |
| Plant, machinery and equipment | 23 | €175,504 | €158,224 | -€17,280 | -9.8% |
| Furniture and vehicles | 24 | €36,368 | €25,293 | -€11,074 | -30.5% |
| Current assets | 29/58 | €1,427,415 | €1,563,158 | +€135,742 | +9.5% |
| Stocks and contracts in progress | 3 | €62,916 | €61,601 | -€1,315 | -2.1% |
| Stocks | 30/36 | €62,916 | €61,601 | -€1,315 | -2.1% |
| Amounts receivable within one year | 40/41 | €142,164 | €133,504 | -€8,660 | -6.1% |
| Other amounts receivable | 41 | €142,164 | €133,504 | -€8,660 | -6.1% |
| Current investments | 50/53 | €250,000 | €430,000 | +€180,000 | +72.0% |
| Cash at bank and in hand | 54/58 | €965,704 | €934,359 | -€31,346 | -3.2% |
| Deferred charges and accrued income | 490/1 | €6,631 | €3,694 | -€2,936 | -44.3% |
| Total equity and liabilities | 10/49 | €2,901,541 | €2,953,473 | +€51,932 | +1.8% |
| Equity | 10/15 | €1,617,165 | €1,868,037 | +€250,872 | +15.5% |
| Contributions | 10/11 | €44,000 | €44,000 | = | 0.0% |
| Reserves | 13 | €1,234,308 | €1,481,308 | +€247,000 | +20.0% |
| Distributable reserves | 133 | €1,234,308 | €1,481,308 | +€247,000 | +20.0% |
| Profit (loss) carried forward | 14 | €338,857 | €342,729 | +€3,872 | +1.1% |
| Amounts payable | 17/49 | €1,284,377 | €1,085,436 | -€198,940 | -15.5% |
| Amounts payable after more than one year | 17 | €340,321 | €267,302 | -€73,020 | -21.5% |
| Financial debts | 170/4 | €340,321 | €267,302 | -€73,020 | -21.5% |
| Amounts payable within one year | 42/48 | €869,773 | €723,747 | -€146,027 | -16.8% |
| Current portion of amounts payable after more than one year | 42 | €72,213 | €73,020 | +€807 | +1.1% |
| Financial debts | 43 | €79,844 | €62,540 | -€17,304 | -21.7% |
| Credit institutions | 430/8 | €79,844 | €62,540 | -€17,304 | -21.7% |
| Trade debts | 44 | €43,527 | €24,814 | -€18,713 | -43.0% |
| Suppliers | 440/4 | €43,527 | €24,814 | -€18,713 | -43.0% |
| Taxes, remuneration and social security | 45 | €145,740 | €169,214 | +€23,475 | +16.1% |
| Taxes | 450/3 | €93,011 | €128,707 | +€35,696 | +38.4% |
| Remuneration and social security | 454/9 | €52,729 | €40,507 | -€12,222 | -23.2% |
| Other amounts payable | 47/48 | €528,450 | €394,159 | -€134,291 | -25.4% |
| Accrued charges and deferred income | 492/3 | €74,282 | €94,388 | +€20,106 | +27.1% |
| Remuneration, social security and pensions | 62 | €329,373 | €351,919 | +€22,546 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,355 | €121,863 | +€4,508 | +3.8% |
| Other operating charges | 640/8 | €4,180 | €5,923 | +€1,743 | +41.7% |
| Gross operating margin | 9900 | €965,350 | €1,138,061 | +€172,710 | +17.9% |
| Operating profit (loss) | 9901 | €514,443 | €658,355 | +€143,913 | +28.0% |
| Financial income | 75/76B | €3,648 | €6,303 | +€2,654 | +72.8% |
| Recurring financial income | 75 | €3,648 | €6,303 | +€2,654 | +72.8% |
| Financial charges | 65/66B | €32,801 | €25,046 | -€7,755 | -23.6% |
| Recurring financial charges | 65 | €32,801 | €25,046 | -€7,755 | -23.6% |
| Profit (loss) for the period before taxes | 9903 | €485,290 | €639,612 | +€154,322 | +31.8% |
| Income taxes | 67/77 | €154,377 | €200,740 | +€46,364 | +30.0% |
| Profit (loss) for the period | 9904 | €330,914 | €438,872 | +€107,959 | +32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €330,914 | €438,872 | +€107,959 | +32.6% |
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.