ORTHOLISTIC: 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.
ORTHOLISTIC
Largest movements
- Tangible fixed assets -€69,749
down €69,749 (-9.5%), from €737,100 to €667,351
- Cash +€68,516
up €68,516 (+88.6%), from €77,344 to €145,860
mainly Other debts (+€183,000) and Depreciation (+€75,121)
- Other debts +€183,000
new in 2025: €183,000
- Reserves -€127,300
down €127,300 (-47.1%), from €270,000 to €142,700
- Debts after one year -€61,052
down €61,052 (-15.7%), from €387,786 to €326,734
- Current portion of long-term debt -€19,536
down €19,536 (-23.6%), from €82,605 to €63,070
- Tax, wage and social debts +€15,013
up €15,013 (+124%), from €12,149 to €27,163
of which Taxes: +€10,670
- Gross operating margin +€25,872
up €25,872 (+13.1%), from €198,022 to €223,894
- Taxes +€11,803
up €11,803 (+99.0%), from €11,919 to €23,722
- Other operating charges -€5,895
down €5,895 (-45.7%), from €12,887 to €6,992
- Staff costs -€4,923
down €4,923 (-9.0%), from €54,765 to €49,842
- Depreciation +€4,080
up €4,080 (+5.7%), from €71,041 to €75,121
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 | €895,981 | €894,901 | -€1,080 | -0.1% |
| Fixed assets | 21/28 | €737,380 | €667,631 | -€69,749 | -9.5% |
| Tangible fixed assets | 22/27 | €737,100 | €667,351 | -€69,749 | -9.5% |
| Land and buildings | 22 | €356,734 | €342,475 | -€14,259 | -4.0% |
| Plant, machinery and equipment | 23 | €36,410 | €27,407 | -€9,003 | -24.7% |
| Furniture and vehicles | 24 | €61,615 | €45,250 | -€16,365 | -26.6% |
| Other tangible fixed assets | 26 | €282,341 | €252,219 | -€30,122 | -10.7% |
| Financial fixed assets | 28 | €280 | €280 | = | 0.0% |
| Current assets | 29/58 | €158,601 | €227,270 | +€68,669 | +43.3% |
| Amounts receivable within one year | 40/41 | €79,924 | €79,754 | -€170 | -0.2% |
| Trade receivables | 40 | - | €11,030 | +€11,030 | |
| Other amounts receivable | 41 | €79,924 | €68,724 | -€11,200 | -14.0% |
| Cash at bank and in hand | 54/58 | €77,344 | €145,860 | +€68,516 | +88.6% |
| Deferred charges and accrued income | 490/1 | €1,333 | €1,656 | +€323 | +24.2% |
| Total equity and liabilities | 10/49 | €895,981 | €894,901 | -€1,080 | -0.1% |
| Equity | 10/15 | €399,341 | €272,077 | -€127,263 | -31.9% |
| Contributions | 10/11 | €14,260 | €14,260 | = | 0.0% |
| Reserves | 13 | €270,000 | €142,700 | -€127,300 | -47.1% |
| Distributable reserves | 133 | €270,000 | €142,700 | -€127,300 | -47.1% |
| Profit (loss) carried forward | 14 | €115,081 | €115,117 | +€37 | 0.0% |
| Amounts payable | 17/49 | €496,640 | €622,823 | +€126,183 | +25.4% |
| Amounts payable after more than one year | 17 | €387,786 | €326,734 | -€61,052 | -15.7% |
| Financial debts | 170/4 | €387,786 | €326,734 | -€61,052 | -15.7% |
| Amounts payable within one year | 42/48 | €104,221 | €293,829 | +€189,608 | +182% |
| Current portion of amounts payable after more than one year | 42 | €82,605 | €63,070 | -€19,536 | -23.6% |
| Trade debts | 44 | €9,466 | €20,597 | +€11,130 | +118% |
| Suppliers | 440/4 | €9,466 | €20,597 | +€11,130 | +118% |
| Taxes, remuneration and social security | 45 | €12,149 | €27,163 | +€15,013 | +124% |
| Taxes | 450/3 | €3,200 | €13,870 | +€10,670 | +333% |
| Remuneration and social security | 454/9 | €8,949 | €13,293 | +€4,343 | +48.5% |
| Other amounts payable | 47/48 | - | €183,000 | +€183,000 | |
| Accrued charges and deferred income | 492/3 | €4,633 | €2,261 | -€2,373 | -51.2% |
| Remuneration, social security and pensions | 62 | €54,765 | €49,842 | -€4,923 | -9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71,041 | €75,121 | +€4,080 | +5.7% |
| Other operating charges | 640/8 | €12,887 | €6,992 | -€5,895 | -45.7% |
| Gross operating margin | 9900 | €198,022 | €223,894 | +€25,872 | +13.1% |
| Operating profit (loss) | 9901 | €59,329 | €91,939 | +€32,610 | +55.0% |
| Financial income | 75/76B | €1,009 | €525 | -€483 | -47.9% |
| Recurring financial income | 75 | €1,009 | €525 | -€483 | -47.9% |
| Financial charges | 65/66B | €15,912 | €13,006 | -€2,906 | -18.3% |
| Recurring financial charges | 65 | €15,912 | €13,006 | -€2,906 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €44,426 | €79,459 | +€35,033 | +78.9% |
| Income taxes | 67/77 | €11,919 | €23,722 | +€11,803 | +99.0% |
| Profit (loss) for the period | 9904 | €32,507 | €55,737 | +€23,230 | +71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €32,507 | €55,737 | +€23,230 | +71.5% |
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 27 October 2026 via checked.be.