ORTHOLOOK: what changed
Two fiscal 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.
ORTHOLOOK
Largest movements
- Cash -€4,260
down €4,260 (-94.4%), from €4,515 to €255
mainly Net result for the year (-€6,609)
- Formation expenses -€1,937
down €1,937 (-90.2%), from €2,148 to €211
- Profit (loss) carried forward -€6,609
down €6,609 (-27.1%), from -€24,391 to -€31,000
- Gross operating margin -€300
down €300 (-8.0%), from -€3,741 to -€4,041
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.
Cash bridge derived
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 | €114,837 | €108,640 | -€6,197 | -5.4% |
| Formation expenses | 20 | €2,148 | €211 | -€1,937 | -90.2% |
| Fixed assets | 21/28 | €108,174 | €108,174 | = | 0.0% |
| Financial fixed assets | 28 | €108,174 | €108,174 | = | 0.0% |
| Current assets | 29/58 | €4,515 | €255 | -€4,260 | -94.4% |
| Cash at bank and in hand | 54/58 | €4,515 | €255 | -€4,260 | -94.4% |
| Total equity and liabilities | 10/49 | €114,837 | €108,640 | -€6,197 | -5.4% |
| Equity | 10/15 | €69,134 | €62,525 | -€6,609 | -9.6% |
| Contributions | 10/11 | €93,525 | €93,525 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,391 | -€31,000 | -€6,609 | -27.1% |
| Amounts payable | 17/49 | €45,703 | €46,115 | +€412 | +0.9% |
| Amounts payable after more than one year | 17 | €29,650 | €29,650 | = | 0.0% |
| Financial debts | 170/4 | €15,000 | €15,000 | = | 0.0% |
| Other amounts payable | 178/9 | €14,650 | €14,650 | = | 0.0% |
| Amounts payable within one year | 42/48 | €16,053 | €16,465 | +€412 | +2.6% |
| Trade debts | 44 | €2,000 | €2,412 | +€412 | +20.6% |
| Suppliers | 440/4 | €2,000 | €2,412 | +€412 | +20.6% |
| Other amounts payable | 47/48 | €14,053 | €14,053 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,937 | €1,937 | -€0 | 0.0% |
| Other operating charges | 640/8 | €528 | €556 | +€28 | +5.4% |
| Gross operating margin | 9900 | -€3,741 | -€4,041 | -€300 | -8.0% |
| Operating profit (loss) | 9901 | -€6,206 | -€6,534 | -€328 | -5.3% |
| Financial charges | 65/66B | €74 | €75 | +€2 | +2.0% |
| Recurring financial charges | 65 | €74 | €75 | +€2 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,279 | -€6,609 | -€330 | -5.3% |
| Profit (loss) for the period | 9904 | -€6,279 | -€6,609 | -€330 | -5.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,279 | -€6,609 | -€330 | -5.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.