ORTHONIC: 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.
ORTHONIC
Largest movements
- Cash -€230,743
down €230,743 (-58.2%), from €396,673 to €165,930
mainly Current investments (-€217,391) and Net result for the year (-€10,830)
- Current investments +€217,391
up €217,391 (+109%), from €199,379 to €416,770
- Profit (loss) carried forward -€10,830
down €10,830 (-33.9%), from €31,952 to €21,122
- Turnover -€25,923
down €25,923 (-60.7%), from €42,739 to €16,816
- Gross operating margin -€25,909
down €25,909, from €17,417 to -€8,492
- Financial income -€10,715
down €10,715 (-73.7%), from €14,542 to €3,827
- Taxes -€8,276
down €8,276 (-95.0%), from €8,714 to €438
- Depreciation +€3,265
up €3,265 (+464%), from €704 to €3,969
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 | €604,867 | €588,581 | -€16,286 | -2.7% |
| Fixed assets | 21/28 | €3,496 | €2,132 | -€1,364 | -39.0% |
| Tangible fixed assets | 22/27 | €3,496 | €2,132 | -€1,364 | -39.0% |
| Furniture and vehicles | 24 | - | €2,132 | +€2,132 | |
| Other tangible fixed assets | 26 | €3,496 | - | -€3,496 | |
| Current assets | 29/58 | €601,371 | €586,449 | -€14,922 | -2.5% |
| Amounts receivable within one year | 40/41 | €3,277 | €3,749 | +€472 | +14.4% |
| Other amounts receivable | 41 | €3,277 | €3,749 | +€472 | +14.4% |
| Current investments | 50/53 | €199,379 | €416,770 | +€217,391 | +109% |
| Cash at bank and in hand | 54/58 | €396,673 | €165,930 | -€230,743 | -58.2% |
| Deferred charges and accrued income | 490/1 | €2,042 | - | -€2,042 | |
| Total equity and liabilities | 10/49 | €604,867 | €588,581 | -€16,286 | -2.7% |
| Equity | 10/15 | €596,833 | €586,003 | -€10,830 | -1.8% |
| Contributions | 10/11 | €29,813 | €29,813 | = | 0.0% |
| Capital | 10 | €29,813 | €29,813 | = | 0.0% |
| Issued capital | 100 | €36,000 | €36,000 | = | 0.0% |
| Uncalled capital | 101 | €6,187 | €6,187 | = | 0.0% |
| Reserves | 13 | €535,068 | €535,068 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,600 | €3,600 | = | 0.0% |
| Legal reserve | 130 | €3,600 | €3,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €36,997 | €36,997 | = | 0.0% |
| Distributable reserves | 133 | €494,471 | €494,471 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,952 | €21,122 | -€10,830 | -33.9% |
| Amounts payable | 17/49 | €8,034 | €2,578 | -€5,456 | -67.9% |
| Amounts payable within one year | 42/48 | €8,034 | €2,578 | -€5,456 | -67.9% |
| Trade debts | 44 | €811 | €243 | -€568 | -70.0% |
| Suppliers | 440/4 | €811 | €243 | -€568 | -70.0% |
| Taxes, remuneration and social security | 45 | €4,535 | - | -€4,535 | |
| Taxes | 450/3 | €4,535 | - | -€4,535 | |
| Other amounts payable | 47/48 | €2,688 | €2,335 | -€353 | -13.1% |
| Turnover | 70 | €42,739 | €16,816 | -€25,923 | -60.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €29,867 | €30,053 | +€186 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €704 | €3,969 | +€3,265 | +464% |
| Other operating charges | 640/8 | €810 | €592 | -€218 | -26.9% |
| Gross operating margin | 9900 | €17,417 | -€8,492 | -€25,909 | |
| Operating profit (loss) | 9901 | €15,903 | -€13,053 | -€28,956 | |
| Financial income | 75/76B | €14,542 | €3,827 | -€10,715 | -73.7% |
| Recurring financial income | 75 | €14,542 | €3,827 | -€10,715 | -73.7% |
| Financial charges | 65/66B | €593 | €1,166 | +€573 | +96.6% |
| Recurring financial charges | 65 | €593 | €1,166 | +€573 | +96.6% |
| Profit (loss) for the period before taxes | 9903 | €29,852 | -€10,392 | -€40,244 | |
| Income taxes | 67/77 | €8,714 | €438 | -€8,276 | -95.0% |
| Profit (loss) for the period | 9904 | €21,138 | -€10,830 | -€31,968 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,138 | -€10,830 | -€31,968 |
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.