ORTHONED: 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.
ORTHONED
Largest movements
- Receivables within one year -€117,065
down €117,065 (-59.3%), from €197,305 to €80,241
- Current investments -€9,167
no longer reported in 2025 (was €9,167)
- Cash +€8,082
up €8,082 (+9.7%), from €83,360 to €91,442
mainly Other debts (+€182,058) and Net result for the year (+€153,438)
- Profit (loss) carried forward -€298,517
down €298,517 (-63.5%), from €470,150 to €171,634
- Other debts +€182,058
new in 2025: €182,058
- Financial income +€160,957
up €160,957 (+12,286%), from €1,310 to €162,267
- Gross operating margin +€2,778
up €2,778 (+27.5%), from -€10,118 to -€7,340
- Other operating charges +€182
up €182 (+22.0%), from €830 to €1,013
- Depreciation +€102
new in 2025: €102
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 | €490,584 | €373,422 | -€117,162 | -23.9% |
| Fixed assets | 21/28 | €200,000 | €201,018 | +€1,018 | +0.5% |
| Tangible fixed assets | 22/27 | - | €1,018 | +€1,018 | |
| Furniture and vehicles | 24 | - | €1,018 | +€1,018 | |
| Financial fixed assets | 28 | €200,000 | €200,000 | = | 0.0% |
| Current assets | 29/58 | €290,584 | €172,404 | -€118,180 | -40.7% |
| Amounts receivable within one year | 40/41 | €197,305 | €80,241 | -€117,065 | -59.3% |
| Other amounts receivable | 41 | €197,305 | €80,241 | -€117,065 | -59.3% |
| Current investments | 50/53 | €9,167 | - | -€9,167 | |
| Cash at bank and in hand | 54/58 | €83,360 | €91,442 | +€8,082 | +9.7% |
| Deferred charges and accrued income | 490/1 | €752 | €721 | -€31 | -4.1% |
| Total equity and liabilities | 10/49 | €490,584 | €373,422 | -€117,162 | -23.9% |
| Equity | 10/15 | €488,750 | €190,234 | -€298,517 | -61.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €470,150 | €171,634 | -€298,517 | -63.5% |
| Amounts payable | 17/49 | €1,834 | €183,189 | +€181,354 | +9,888% |
| Amounts payable within one year | 42/48 | €1,834 | €183,189 | +€181,354 | +9,888% |
| Trade debts | 44 | €1,046 | €190 | -€856 | -81.8% |
| Suppliers | 440/4 | €1,046 | €190 | -€856 | -81.8% |
| Taxes, remuneration and social security | 45 | €788 | €941 | +€152 | +19.3% |
| Taxes | 450/3 | €788 | €941 | +€152 | +19.3% |
| Other amounts payable | 47/48 | - | €182,058 | +€182,058 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €102 | +€102 | |
| Other operating charges | 640/8 | €830 | €1,013 | +€182 | +22.0% |
| Gross operating margin | 9900 | -€10,118 | -€7,340 | +€2,778 | +27.5% |
| Operating profit (loss) | 9901 | -€10,948 | -€8,455 | +€2,493 | +22.8% |
| Financial income | 75/76B | €1,310 | €162,267 | +€160,957 | +12,286% |
| Recurring financial income | 75 | €1,310 | €162,267 | +€160,957 | +12,286% |
| Financial charges | 65/66B | €85 | €115 | +€30 | +35.2% |
| Recurring financial charges | 65 | €85 | €115 | +€30 | +35.2% |
| Profit (loss) for the period before taxes | 9903 | -€9,723 | €153,697 | +€163,420 | |
| Income taxes | 67/77 | €302 | €259 | -€42 | -14.0% |
| Profit (loss) for the period | 9904 | -€10,025 | €153,438 | +€163,462 | |
| Profit (loss) for the period to be appropriated | 9905 | -€10,025 | €153,438 | +€163,462 |
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 26 October 2026 via checked.be.