ORTHRUS: 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.
ORTHRUS
Largest movements
- Tangible fixed assets +€18,198
up €18,198 (+579%), from €3,140 to €21,339
of which Land and buildings: +€17,829
- Receivables within one year +€16,506
up €16,506 (+16.7%), from €98,975 to €115,481
of which Trade receivables: +€51,166
- Cash -€4,893
down €4,893 (-11.1%), from €44,155 to €39,262
mainly Contributions, distributions and other (-€137,048) and Investment in fixed assets (net) (-€24,763)
- Other debts +€65,531
up €65,531 (+88.1%), from €74,405 to €139,937
- Reserves -€48,358
down €48,358 (-76.1%), from €63,586 to €15,228
- Tax, wage and social debts +€11,450
up €11,450 (+164%), from €6,996 to €18,446
- Gross operating margin +€44,714
up €44,714 (+54.7%), from €81,697 to €126,411
- Taxes +€10,168
up €10,168 (+47.4%), from €21,470 to €31,638
- Depreciation +€3,251
up €3,251 (+98.1%), from €3,313 to €6,564
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 | €148,398 | €177,849 | +€29,451 | +19.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €3,890 | €22,089 | +€18,198 | +468% |
| Tangible fixed assets | 22/27 | €3,140 | €21,339 | +€18,198 | +579% |
| Land and buildings | 22 | - | €17,829 | +€17,829 | |
| Furniture and vehicles | 24 | €3,140 | €3,509 | +€369 | +11.7% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €144,508 | €155,761 | +€11,253 | +7.8% |
| Amounts receivable within one year | 40/41 | €98,975 | €115,481 | +€16,506 | +16.7% |
| Trade receivables | 40 | €45,634 | €96,800 | +€51,166 | +112% |
| Other amounts receivable | 41 | €53,341 | €18,681 | -€34,660 | -65.0% |
| Cash at bank and in hand | 54/58 | €44,155 | €39,262 | -€4,893 | -11.1% |
| Deferred charges and accrued income | 490/1 | €1,378 | €1,018 | -€360 | -26.1% |
| Total equity and liabilities | 10/49 | €148,398 | €177,849 | +€29,451 | +19.8% |
| Equity | 10/15 | €66,086 | €17,728 | -€48,358 | -73.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €63,586 | €15,228 | -€48,358 | -76.1% |
| Distributable reserves | 133 | €63,586 | €15,228 | -€48,358 | -76.1% |
| Amounts payable | 17/49 | €82,312 | €160,122 | +€77,810 | +94.5% |
| Amounts payable within one year | 42/48 | €82,312 | €160,122 | +€77,810 | +94.5% |
| Trade debts | 44 | €911 | €1,739 | +€829 | +91.0% |
| Suppliers | 440/4 | €911 | €1,739 | +€829 | +91.0% |
| Taxes, remuneration and social security | 45 | €6,996 | €18,446 | +€11,450 | +164% |
| Taxes | 450/3 | €6,996 | €18,446 | +€11,450 | +164% |
| Other amounts payable | 47/48 | €74,405 | €139,937 | +€65,531 | +88.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,313 | €6,564 | +€3,251 | +98.1% |
| Other operating charges | 640/8 | €885 | €1,040 | +€155 | +17.5% |
| Gross operating margin | 9900 | €81,697 | €126,411 | +€44,714 | +54.7% |
| Operating profit (loss) | 9901 | €77,499 | €118,807 | +€41,309 | +53.3% |
| Financial income | 75/76B | €2,737 | €1,717 | -€1,020 | -37.3% |
| Recurring financial income | 75 | €2,737 | €1,717 | -€1,020 | -37.3% |
| Financial charges | 65/66B | €318 | €197 | -€121 | -38.1% |
| Recurring financial charges | 65 | €318 | €197 | -€121 | -38.1% |
| Profit (loss) for the period before taxes | 9903 | €79,917 | €120,327 | +€40,410 | +50.6% |
| Income taxes | 67/77 | €21,470 | €31,638 | +€10,168 | +47.4% |
| Profit (loss) for the period | 9904 | €58,447 | €88,689 | +€30,242 | +51.7% |
| Profit (loss) for the period to be appropriated | 9905 | €58,447 | €88,689 | +€30,242 | +51.7% |
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 17 October 2026 via checked.be.