Orthoma: 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.
Orthoma
Largest movements
- Cash -€53,855
down €53,855 (-20.9%), from €258,079 to €204,224
mainly Contributions, distributions and other (-€644,987) and Tax, wage and social debts (-€67,214)
- Tangible fixed assets +€32,639
up €32,639 (+474%), from €6,881 to €39,520
- Deferred charges and accrued income +€20,588
up €20,588 (+22.0%), from €93,533 to €114,121
- Receivables within one year +€8,722
new in 2025: €8,722
- Other debts +€359,744
up €359,744 (+149,544%), from €241 to €359,984
- Reserves -€285,006
no longer reported in 2025 (was €285,006)
- Tax, wage and social debts -€67,214
down €67,214 (-93.7%), from €71,733 to €4,519
of which Taxes: -€66,214
- Gross operating margin +€190,208
up €190,208 (+64.1%), from €296,905 to €487,112
- Taxes +€45,786
up €45,786 (+64.7%), from €70,733 to €116,519
- Depreciation +€9,012
up €9,012 (+1,897%), from €475 to €9,487
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 | €358,492 | €366,587 | +€8,095 | +2.3% |
| Fixed assets | 21/28 | €6,881 | €39,520 | +€32,639 | +474% |
| Tangible fixed assets | 22/27 | €6,881 | €39,520 | +€32,639 | +474% |
| Furniture and vehicles | 24 | €6,881 | €39,520 | +€32,639 | +474% |
| Current assets | 29/58 | €351,611 | €327,067 | -€24,544 | -7.0% |
| Amounts receivable within one year | 40/41 | - | €8,722 | +€8,722 | |
| Other amounts receivable | 41 | - | €8,722 | +€8,722 | |
| Cash at bank and in hand | 54/58 | €258,079 | €204,224 | -€53,855 | -20.9% |
| Deferred charges and accrued income | 490/1 | €93,533 | €114,121 | +€20,588 | +22.0% |
| Total equity and liabilities | 10/49 | €358,492 | €366,587 | +€8,095 | +2.3% |
| Equity | 10/15 | €285,106 | €100 | -€285,006 | -100.0% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €285,006 | - | -€285,006 | |
| Distributable reserves | 133 | €285,006 | - | -€285,006 | |
| Amounts payable | 17/49 | €73,386 | €366,487 | +€293,101 | +399% |
| Amounts payable within one year | 42/48 | €72,536 | €366,487 | +€293,951 | +405% |
| Trade debts | 44 | €562 | €1,984 | +€1,422 | +253% |
| Suppliers | 440/4 | €562 | €1,984 | +€1,422 | +253% |
| Taxes, remuneration and social security | 45 | €71,733 | €4,519 | -€67,214 | -93.7% |
| Taxes | 450/3 | €70,733 | €4,519 | -€66,214 | -93.6% |
| Remuneration and social security | 454/9 | €1,000 | - | -€1,000 | |
| Other amounts payable | 47/48 | €241 | €359,984 | +€359,744 | +149,544% |
| Accrued charges and deferred income | 492/3 | €850 | - | -€850 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €475 | €9,487 | +€9,012 | +1,897% |
| Other operating charges | 640/8 | €517 | €1,131 | +€614 | +119% |
| Gross operating margin | 9900 | €296,905 | €487,112 | +€190,208 | +64.1% |
| Operating profit (loss) | 9901 | €295,913 | €476,494 | +€180,581 | +61.0% |
| Financial income | 75/76B | - | €300 | +€300 | |
| Recurring financial income | 75 | - | €300 | +€300 | |
| Financial charges | 65/66B | €143 | €294 | +€151 | +106% |
| Recurring financial charges | 65 | €143 | €294 | +€151 | +106% |
| Profit (loss) for the period before taxes | 9903 | €295,771 | €476,501 | +€180,730 | +61.1% |
| Income taxes | 67/77 | €70,733 | €116,519 | +€45,786 | +64.7% |
| Profit (loss) for the period | 9904 | €225,037 | €359,981 | +€134,944 | +60.0% |
| Profit (loss) for the period to be appropriated | 9905 | €225,037 | €359,981 | +€134,944 | +60.0% |
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 15 October 2026 via checked.be.