ORTHOMONT: 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.
ORTHOMONT
Largest movements
- Receivables after one year +€475,000
new in 2025: €475,000
- Tangible fixed assets -€367,333
down €367,333 (-80.9%), from €454,004 to €86,671
of which Land and buildings: -€341,133
- Deferred charges and accrued income +€82,498
up €82,498 (+298%), from €27,678 to €110,175
- Cash -€20,162
down €20,162 (-51.7%), from €39,032 to €18,870
mainly Receivables after one year (-€475,000) and Deferred charges and accrued income (-€82,498)
- Receivables within one year +€16,741
up €16,741 (+47.5%), from €35,267 to €52,008
of which Other amounts receivable: +€15,843
- Reserves +€112,156
up €112,156 (+41.9%), from €267,542 to €379,698
of which Distributable reserves: +€112,156
- Other debts +€58,980
up €58,980 (+279%), from €21,117 to €80,097
- Tax, wage and social debts +€44,231
up €44,231 (+574%), from €7,711 to €51,942
of which Taxes: +€43,813
- Debts after one year -€26,918
down €26,918 (-45.1%), from €59,672 to €32,755
- Gross operating margin +€208,613
up €208,613 (+422%), from €49,480 to €258,093
- Taxes +€72,124
up €72,124 (+1,947%), from €3,704 to €75,828
- Financial income +€21,608
up €21,608 (+1,392%), from €1,553 to €23,161
- Depreciation -€4,185
down €4,185 (-13.2%), from €31,734 to €27,549
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 | €556,030 | €742,774 | +€186,744 | +33.6% |
| Fixed assets | 21/28 | €454,054 | €86,721 | -€367,333 | -80.9% |
| Tangible fixed assets | 22/27 | €454,004 | €86,671 | -€367,333 | -80.9% |
| Land and buildings | 22 | €341,133 | - | -€341,133 | |
| Furniture and vehicles | 24 | €112,871 | €86,671 | -€26,200 | -23.2% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €101,976 | €656,054 | +€554,077 | +543% |
| Amounts receivable after more than one year | 29 | - | €475,000 | +€475,000 | |
| Other amounts receivable | 291 | - | €475,000 | +€475,000 | |
| Amounts receivable within one year | 40/41 | €35,267 | €52,008 | +€16,741 | +47.5% |
| Trade receivables | 40 | €1,175 | €2,073 | +€898 | +76.4% |
| Other amounts receivable | 41 | €34,092 | €49,935 | +€15,843 | +46.5% |
| Cash at bank and in hand | 54/58 | €39,032 | €18,870 | -€20,162 | -51.7% |
| Deferred charges and accrued income | 490/1 | €27,678 | €110,175 | +€82,498 | +298% |
| Total equity and liabilities | 10/49 | €556,030 | €742,774 | +€186,744 | +33.6% |
| Equity | 10/15 | €277,059 | €389,257 | +€112,198 | +40.5% |
| Contributions | 10/11 | €7,900 | €7,900 | = | 0.0% |
| Reserves | 13 | €267,542 | €379,698 | +€112,156 | +41.9% |
| Non-distributable reserves | 130/1 | €10,074 | €10,074 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,074 | €10,074 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €238,718 | €350,874 | +€112,156 | +47.0% |
| Profit (loss) carried forward | 14 | €1,618 | €1,659 | +€41 | +2.6% |
| Provisions and deferred taxes | 16 | €160,000 | €160,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €160,000 | €160,000 | = | 0.0% |
| Pensions and similar obligations | 160 | €160,000 | €160,000 | = | 0.0% |
| Amounts payable | 17/49 | €118,971 | €193,517 | +€74,547 | +62.7% |
| Amounts payable after more than one year | 17 | €59,672 | €32,755 | -€26,918 | -45.1% |
| Financial debts | 170/4 | €59,672 | €32,755 | -€26,918 | -45.1% |
| Amounts payable within one year | 42/48 | €56,888 | €160,164 | +€103,276 | +182% |
| Current portion of amounts payable after more than one year | 42 | €25,893 | €26,918 | +€1,025 | +4.0% |
| Financial debts | 43 | €1,222 | €1,137 | -€85 | -7.0% |
| Credit institutions | 430/8 | €1,222 | €1,137 | -€85 | -7.0% |
| Trade debts | 44 | €946 | €71 | -€875 | -92.5% |
| Suppliers | 440/4 | €946 | €71 | -€875 | -92.5% |
| Taxes, remuneration and social security | 45 | €7,711 | €51,942 | +€44,231 | +574% |
| Taxes | 450/3 | €3,522 | €47,336 | +€43,813 | +1,244% |
| Remuneration and social security | 454/9 | €4,188 | €4,606 | +€417 | +10.0% |
| Other amounts payable | 47/48 | €21,117 | €80,097 | +€58,980 | +279% |
| Accrued charges and deferred income | 492/3 | €2,410 | €598 | -€1,812 | -75.2% |
| Non-recurring operating income | 76A | - | €133,867 | +€133,867 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,734 | €27,549 | -€4,185 | -13.2% |
| Other operating charges | 640/8 | €2,991 | €2,071 | -€920 | -30.8% |
| Gross operating margin | 9900 | €49,480 | €258,093 | +€208,613 | +422% |
| Operating profit (loss) | 9901 | €14,756 | €228,474 | +€213,718 | +1,448% |
| Financial income | 75/76B | €1,553 | €23,161 | +€21,608 | +1,392% |
| Recurring financial income | 75 | €1,553 | €23,161 | +€21,608 | +1,392% |
| Financial charges | 65/66B | €3,737 | €3,766 | +€29 | +0.8% |
| Recurring financial charges | 65 | €3,737 | €3,766 | +€29 | +0.8% |
| Profit (loss) for the period before taxes | 9903 | €12,572 | €247,869 | +€235,297 | +1,872% |
| Income taxes | 67/77 | €3,704 | €75,828 | +€72,124 | +1,947% |
| Profit (loss) for the period | 9904 | €8,868 | €172,041 | +€163,173 | +1,840% |
| Profit (loss) for the period to be appropriated | 9905 | €8,868 | €172,041 | +€163,173 | +1,840% |
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 19 October 2026 via checked.be.