ORTIE: 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.
ORTIE
Largest movements
- Intangible fixed assets -€25,000
down €25,000 (-35.3%), from €70,753 to €45,753
- Receivables within one year +€20,186
up €20,186 (+17.2%), from €117,342 to €137,527
of which Other amounts receivable: +€33,725
- Tangible fixed assets +€16,915
up €16,915 (+23.8%), from €70,976 to €87,891
of which Other tangible fixed assets: +€20,214
- Stocks and contracts -€9,826
down €9,826 (-24.7%), from €39,837 to €30,011
- Profit (loss) carried forward +€55,318
up €55,318 (+573%), from €9,648 to €64,966
- Tax, wage and social debts +€44,252
up €44,252 (+68.3%), from €64,788 to €109,039
of which Taxes: +€27,881
- Trade debts -€41,283
down €41,283 (-30.2%), from €136,709 to €95,426
- Current portion of long-term debt -€33,974
down €33,974 (-99.3%), from €34,230 to €257
- Debts after one year -€16,367
no longer reported in 2025 (was €16,367)
- Staff costs +€57,558
up €57,558 (+12.8%), from €449,776 to €507,334
- Gross operating margin +€40,065
up €40,065 (+6.8%), from €591,732 to €631,797
- Taxes +€8,811
up €8,811 (+115%), from €7,650 to €16,462
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 | €323,735 | €324,645 | +€910 | +0.3% |
| Fixed assets | 21/28 | €162,711 | €154,806 | -€7,905 | -4.9% |
| Intangible fixed assets | 21 | €70,753 | €45,753 | -€25,000 | -35.3% |
| Tangible fixed assets | 22/27 | €70,976 | €87,891 | +€16,915 | +23.8% |
| Plant, machinery and equipment | 23 | €20,159 | €17,693 | -€2,466 | -12.2% |
| Furniture and vehicles | 24 | €1,766 | €933 | -€833 | -47.2% |
| Other tangible fixed assets | 26 | €49,050 | €69,265 | +€20,214 | +41.2% |
| Financial fixed assets | 28 | €20,982 | €21,162 | +€180 | +0.9% |
| Current assets | 29/58 | €161,024 | €169,839 | +€8,815 | +5.5% |
| Stocks and contracts in progress | 3 | €39,837 | €30,011 | -€9,826 | -24.7% |
| Stocks | 30/36 | €39,837 | €30,011 | -€9,826 | -24.7% |
| Amounts receivable within one year | 40/41 | €117,342 | €137,527 | +€20,186 | +17.2% |
| Trade receivables | 40 | €18,028 | €4,489 | -€13,539 | -75.1% |
| Other amounts receivable | 41 | €99,314 | €133,039 | +€33,725 | +34.0% |
| Cash at bank and in hand | 54/58 | €3,845 | €2,300 | -€1,545 | -40.2% |
| Total equity and liabilities | 10/49 | €323,735 | €324,645 | +€910 | +0.3% |
| Equity | 10/15 | €28,248 | €83,566 | +€55,318 | +196% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,648 | €64,966 | +€55,318 | +573% |
| Amounts payable | 17/49 | €295,487 | €241,079 | -€54,408 | -18.4% |
| Amounts payable after more than one year | 17 | €16,367 | - | -€16,367 | |
| Financial debts | 170/4 | €16,367 | - | -€16,367 | |
| Amounts payable within one year | 42/48 | €279,120 | €241,079 | -€38,041 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €34,230 | €257 | -€33,974 | -99.3% |
| Financial debts | 43 | €13,544 | €7,136 | -€6,408 | -47.3% |
| Credit institutions | 430/8 | €13,544 | €7,136 | -€6,408 | -47.3% |
| Trade debts | 44 | €136,709 | €95,426 | -€41,283 | -30.2% |
| Suppliers | 440/4 | €136,709 | €95,426 | -€41,283 | -30.2% |
| Advances received on contracts in progress | 46 | €1,897 | €1,897 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €64,788 | €109,039 | +€44,252 | +68.3% |
| Taxes | 450/3 | €23,301 | €51,182 | +€27,881 | +120% |
| Remuneration and social security | 454/9 | €41,487 | €57,857 | +€16,370 | +39.5% |
| Other amounts payable | 47/48 | €27,952 | €27,324 | -€628 | -2.2% |
| Remuneration, social security and pensions | 62 | €449,776 | €507,334 | +€57,558 | +12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,130 | €43,737 | +€607 | +1.4% |
| Other operating charges | 640/8 | €228 | €6,254 | +€6,026 | +2,640% |
| Gross operating margin | 9900 | €591,732 | €631,797 | +€40,065 | +6.8% |
| Operating profit (loss) | 9901 | €98,597 | €74,472 | -€24,125 | -24.5% |
| Financial income | 75/76B | €23 | €19 | -€4 | -17.9% |
| Recurring financial income | 75 | €23 | €19 | -€4 | -17.9% |
| Financial charges | 65/66B | €4,452 | €2,711 | -€1,741 | -39.1% |
| Recurring financial charges | 65 | €4,452 | €2,711 | -€1,741 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | €94,168 | €71,780 | -€22,388 | -23.8% |
| Income taxes | 67/77 | €7,650 | €16,462 | +€8,811 | +115% |
| Profit (loss) for the period | 9904 | €86,518 | €55,318 | -€31,199 | -36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €86,518 | €55,318 | -€31,199 | -36.1% |
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 22 October 2026 via checked.be.