ORTHROS: 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.
What changed
ORTHROS
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€207,728
2024 · -€257,862+€50,134
Equity
€5.4m
2024 · €5.7m-€207,728
Cash
-
not filed
Balance sheet total
€5.6m
2024 · €6.8m-€1.2m
Largest movements
Assets
- Current investments -€1.4m
down €1.4m (-39.2%), from €3.6m to €2.2m
- Intangible fixed assets +€269,259
up €269,259 (+2,808%), from €9,589 to €278,848
- Tangible fixed assets -€177,951
down €177,951 (-11.4%), from €1.6m to €1.4m
of which Plant, machinery and equipment: -€99,229
- Receivables within one year +€130,329
up €130,329 (+8.7%), from €1.5m to €1.6m
of which Trade receivables: +€139,767
Equity and liabilities
- Trade debts -€988,365
down €988,365 (-90.5%), from €1.1m to €103,335
- Profit (loss) carried forward -€207,728
down €207,728 (-37.0%), from -€560,839 to -€768,568
Income statement
- Goods and materials +€290,023
up €290,023 (+31.9%), from €908,788 to €1.2m
- Turnover +€238,741
up €238,741 (+24.3%), from €981,085 to €1.2m
- Write-downs -€228,631
down €228,631, from €211,141 to -€17,490
- Services and other goods +€102,823
up €102,823 (+6.5%), from €1.6m to €1.7m
- Other operating income +€87,153
up €87,153 (+5.2%), from €1.7m to €1.8m
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.
Result 2024
-€257,862
Turnover
+€238,741
Other operating income
+€87,153
Goods and materials
-€290,023
Services and other goods
-€102,823
Staff costs
-€7,101
Depreciation
-€52,793
Write-downs
+€228,631
Other operating charges
-€5,764
Other operating items
+€12,755
Financial income
-€57,175
Financial charges
-€1,468
Result 2025
-€207,728
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,814,075 | €5,626,646 | -€1.2m | -17.4% |
| Fixed assets | 21/28 | €1,572,182 | €1,662,853 | +€90,670 | +5.8% |
| Intangible fixed assets | 21 | €9,589 | €278,848 | +€269,259 | +2,808% |
| Tangible fixed assets | 22/27 | €1,560,938 | €1,382,987 | -€177,951 | -11.4% |
| Plant, machinery and equipment | 23 | €1,229,622 | €1,130,393 | -€99,229 | -8.1% |
| Furniture and vehicles | 24 | €267,880 | €240,804 | -€27,076 | -10.1% |
| Other tangible fixed assets | 26 | €15,996 | €11,790 | -€4,206 | -26.3% |
| Assets under construction and advance payments | 27 | €47,440 | - | -€47,440 | |
| Financial fixed assets | 28 | €1,655 | €1,018 | -€637 | -38.5% |
| Affiliated companies | 280/1 | €1,655 | €1,018 | -€637 | -38.5% |
| Participating interests | 280 | €1,655 | €1,018 | -€637 | -38.5% |
| Current assets | 29/58 | €5,241,892 | €3,963,794 | -€1.3m | -24.4% |
| Amounts receivable within one year | 40/41 | €1,504,254 | €1,634,584 | +€130,329 | +8.7% |
| Trade receivables | 40 | €1,494,817 | €1,634,584 | +€139,767 | +9.4% |
| Other amounts receivable | 41 | €9,437 | - | -€9,437 | |
| Current investments | 50/53 | €3,635,180 | €2,209,899 | -€1.4m | -39.2% |
| Other investments | 51/53 | €3,635,180 | €2,209,899 | -€1.4m | -39.2% |
| Deferred charges and accrued income | 490/1 | €102,458 | €119,311 | +€16,853 | +16.4% |
| Total equity and liabilities | 10/49 | €6,814,075 | €5,626,646 | -€1.2m | -17.4% |
| Equity | 10/15 | €5,655,475 | €5,447,747 | -€207,728 | -3.7% |
| Contributions | 10/11 | €5,120,746 | €5,120,746 | = | 0.0% |
| Capital | 10 | €5,120,746 | €5,120,746 | = | 0.0% |
| Issued capital | 100 | €5,120,746 | €5,120,746 | = | 0.0% |
| Reserves | 13 | €1,095,569 | €1,095,569 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,789 | €24,789 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Distributable reserves | 133 | €1,070,780 | €1,070,780 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€560,839 | -€768,568 | -€207,728 | -37.0% |
| Amounts payable | 17/49 | €1,158,599 | €178,899 | -€979,700 | -84.6% |
| Amounts payable within one year | 42/48 | €1,101,623 | €113,697 | -€987,927 | -89.7% |
| Trade debts | 44 | €1,091,700 | €103,335 | -€988,365 | -90.5% |
| Suppliers | 440/4 | €1,091,700 | €103,335 | -€988,365 | -90.5% |
| Taxes, remuneration and social security | 45 | €8,452 | €10,362 | +€1,910 | +22.6% |
| Taxes | 450/3 | €8,452 | €10,362 | +€1,910 | +22.6% |
| Other amounts payable | 47/48 | €1,471 | - | -€1,471 | |
| Accrued charges and deferred income | 492/3 | €56,976 | €65,202 | +€8,227 | +14.4% |
| Operating income | 70/76A | €2,864,911 | €3,001,958 | +€137,046 | +4.8% |
| Turnover | 70 | €981,085 | €1,219,826 | +€238,741 | +24.3% |
| Other operating income | 74 | €1,681,469 | €1,768,622 | +€87,153 | +5.2% |
| Non-recurring operating income | 76A | €202,357 | €13,510 | -€188,848 | -93.3% |
| Operating charges | 60/66A | €3,249,928 | €3,278,198 | +€28,270 | +0.9% |
| Goods for resale, raw materials and consumables | 60 | €908,788 | €1,198,810 | +€290,023 | +31.9% |
| Purchases | 600/8 | €908,788 | €1,198,810 | +€290,023 | +31.9% |
| Services and other goods | 61 | €1,573,741 | €1,676,564 | +€102,823 | +6.5% |
| Remuneration, social security and pensions | 62 | €40,936 | €48,038 | +€7,101 | +17.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €311,963 | €364,757 | +€52,793 | +16.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €211,141 | -€17,490 | -€228,631 | |
| Other operating charges | 640/8 | €1,001 | €6,764 | +€5,764 | +576% |
| Non-recurring operating charges | 66A | €202,357 | €754 | -€201,603 | -99.6% |
| Operating profit (loss) | 9901 | -€385,016 | -€276,240 | +€108,776 | +28.3% |
| Financial income | 75/76B | €130,830 | €73,655 | -€57,175 | -43.7% |
| Recurring financial income | 75 | €130,830 | €73,655 | -€57,175 | -43.7% |
| Income from current assets | 751 | €130,830 | €73,655 | -€57,175 | -43.7% |
| Financial charges | 65/66B | €3,676 | €5,144 | +€1,468 | +39.9% |
| Recurring financial charges | 65 | €3,676 | €5,144 | +€1,468 | +39.9% |
| Other financial charges | 652/9 | €3,676 | €5,144 | +€1,468 | +39.9% |
| Profit (loss) for the period before taxes | 9903 | -€257,862 | -€207,728 | +€50,134 | +19.4% |
| Profit (loss) for the period | 9904 | -€257,862 | -€207,728 | +€50,134 | +19.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€257,862 | -€207,728 | +€50,134 | +19.4% |
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 21 October 2026 via checked.be.