ORTIS: 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
ORTIS
NACE 47.730, Retail sale of pharmaceutical products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€626,999
2024 · -€512,008+€1.1m
Equity
€5.8m
2024 · €5.2m+€615,904
Cash
€51,881
2024 · €80,578-€28,697
Balance sheet total
€15.5m
2024 · €14.6m+€867,682
Largest movements
Assets
- Receivables within one year +€362,541
up €362,541 (+9.5%), from €3.8m to €4.2m
of which Trade receivables: +€276,864
- Intangible fixed assets +€359,524
up €359,524 (+11.3%), from €3.2m to €3.5m
- Financial fixed assets +€195,700
up €195,700 (+38.0%), from €515,342 to €711,043
of which Affiliated companies: +€202,146
Equity and liabilities
- Debts after one year -€944,906
down €944,906 (-36.4%), from €2.6m to €1.7m
- Trade debts +€868,994
up €868,994 (+22.7%), from €3.8m to €4.7m
- Profit (loss) carried forward +€595,649
up €595,649 (+63.9%), from €932,219 to €1.5m
- Other debts +€221,087
up €221,087 (+206%), from €107,383 to €328,470
Income statement
- Turnover +€1.7m
up €1.7m (+9.6%), from €17.7m to €19.4m
- Goods and materials +€642,510
up €642,510 (+12.3%), from €5.2m to €5.9m
of which Purchases: +€804,833
- Services and other goods +€633,849
up €633,849 (+7.4%), from €8.5m to €9.2m
- Depreciation +€375,122
up €375,122 (+47.8%), from €784,256 to €1.2m
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
-€512,008
Turnover
+€1.7m
Other operating income
-€151,625
Goods and materials
-€642,510
Services and other goods
-€633,849
Staff costs
-€182,277
Depreciation
-€375,122
Write-downs
+€43,453
Other operating charges
+€9,442
Other operating items
+€1.3m
Financial income
+€119,981
Financial charges
+€454
Taxes
-€193
Result 2025
€626,999
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€2.6m
Investment
-€1.6m
Financing
-€965,709
Cash 2024
€80,578
From operations (derived)
+€2.6m
Net result for the year
+€626,999
Depreciation
+€1.2m
Stocks and contracts
+€37,118
Receivables within one year
-€362,541
Deferred charges and accrued income
-€83,188
Trade debts
+€868,994
Tax, wage and social debts
+€108,566
Other debts
+€221,087
Accrued charges and deferred income
+€7,745
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€1.6m
Financing
-€965,709
Debts after one year
-€944,906
Short-term financial debts
-€9,709
Contributions, distributions and other
-€11,095
Cash 2025
€51,881
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €14,631,245 | €15,498,926 | +€867,682 | +5.9% |
| Fixed assets | 21/28 | €6,611,315 | €7,099,082 | +€487,767 | +7.4% |
| Intangible fixed assets | 21 | €3,187,527 | €3,547,052 | +€359,524 | +11.3% |
| Tangible fixed assets | 22/27 | €2,908,446 | €2,840,987 | -€67,458 | -2.3% |
| Land and buildings | 22 | €2,303,395 | €2,240,813 | -€62,582 | -2.7% |
| Plant, machinery and equipment | 23 | €200,470 | €272,157 | +€71,687 | +35.8% |
| Furniture and vehicles | 24 | €394,959 | €323,854 | -€71,105 | -18.0% |
| Assets under construction and advance payments | 27 | €9,622 | €4,163 | -€5,459 | -56.7% |
| Financial fixed assets | 28 | €515,342 | €711,043 | +€195,700 | +38.0% |
| Affiliated companies | 280/1 | €425,854 | €628,000 | +€202,146 | +47.5% |
| Participating interests | 280 | €295,854 | €498,000 | +€202,146 | +68.3% |
| Amounts receivable | 281 | €130,000 | €130,000 | = | 0.0% |
| Companies linked by participating interests | 282/3 | €5,000 | €5,000 | = | 0.0% |
| Participating interests | 282 | €5,000 | €5,000 | = | 0.0% |
| Other financial fixed assets | 284/8 | €84,488 | €78,043 | -€6,446 | -7.6% |
| Shares | 284 | €63,756 | €63,756 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €20,732 | €14,286 | -€6,446 | -31.1% |
| Current assets | 29/58 | €8,019,930 | €8,399,845 | +€379,915 | +4.7% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €4,000,604 | €3,963,486 | -€37,118 | -0.9% |
| Stocks | 30/36 | €4,000,604 | €3,963,486 | -€37,118 | -0.9% |
| Raw materials and consumables | 30/31 | €2,893,838 | €2,654,292 | -€239,546 | -8.3% |
| Work in progress | 32 | €544,712 | €453,358 | -€91,354 | -16.8% |
| Finished goods | 33 | €395,441 | €567,441 | +€172,000 | +43.5% |
| Goods purchased for resale | 34 | €166,613 | €288,395 | +€121,783 | +73.1% |
| Amounts receivable within one year | 40/41 | €3,828,318 | €4,190,859 | +€362,541 | +9.5% |
| Trade receivables | 40 | €3,396,540 | €3,673,404 | +€276,864 | +8.2% |
| Other amounts receivable | 41 | €431,778 | €517,455 | +€85,677 | +19.8% |
| Cash at bank and in hand | 54/58 | €80,578 | €51,881 | -€28,697 | -35.6% |
| Deferred charges and accrued income | 490/1 | €110,430 | €193,618 | +€83,188 | +75.3% |
| Total equity and liabilities | 10/49 | €14,631,245 | €15,498,926 | +€867,682 | +5.9% |
| Equity | 10/15 | €5,211,750 | €5,827,654 | +€615,904 | +11.8% |
| Contributions | 10/11 | €3,863,981 | €3,863,981 | = | 0.0% |
| Capital | 10 | €3,842,910 | €3,842,910 | = | 0.0% |
| Issued capital | 100 | €3,842,910 | €3,842,910 | = | 0.0% |
| Contributions outside capital | 11 | €21,071 | €21,071 | = | 0.0% |
| Share premium | 1100/10 | €21,071 | €21,071 | = | 0.0% |
| Reserves | 13 | €319,604 | €350,954 | +€31,350 | +9.8% |
| Non-distributable reserves | 130/1 | €46,000 | €77,350 | +€31,350 | +68.2% |
| Legal reserve | 130 | €46,000 | €77,350 | +€31,350 | +68.2% |
| Tax-exempt reserves | 132 | €13,882 | €13,882 | = | 0.0% |
| Distributable reserves | 133 | €259,722 | €259,722 | = | 0.0% |
| Profit (loss) carried forward | 14 | €932,219 | €1,527,868 | +€595,649 | +63.9% |
| Investment grants | 15 | €95,946 | €84,851 | -€11,095 | -11.6% |
| Amounts payable | 17/49 | €9,419,495 | €9,671,273 | +€251,778 | +2.7% |
| Amounts payable after more than one year | 17 | €2,598,890 | €1,653,984 | -€944,906 | -36.4% |
| Financial debts | 170/4 | €2,598,890 | €1,653,984 | -€944,906 | -36.4% |
| Subordinated loans | 170 | €862,278 | €712,317 | -€149,961 | -17.4% |
| Credit institutions | 173 | €1,141,667 | €941,667 | -€200,000 | -17.5% |
| Other loans | 174 | €594,944 | €0 | -€594,944 | -100% |
| Amounts payable within one year | 42/48 | €6,812,415 | €8,001,354 | +€1.2m | +17.5% |
| Current portion of amounts payable after more than one year | 42 | €387,452 | €387,452 | = | 0.0% |
| Financial debts | 43 | €1,686,098 | €1,676,389 | -€9,709 | -0.6% |
| Credit institutions | 430/8 | €1,686,098 | €1,676,389 | -€9,709 | -0.6% |
| Trade debts | 44 | €3,828,074 | €4,697,069 | +€868,994 | +22.7% |
| Suppliers | 440/4 | €3,828,074 | €4,697,069 | +€868,994 | +22.7% |
| Taxes, remuneration and social security | 45 | €803,408 | €911,974 | +€108,566 | +13.5% |
| Taxes | 450/3 | €151,318 | €157,531 | +€6,213 | +4.1% |
| Remuneration and social security | 454/9 | €652,089 | €754,443 | +€102,354 | +15.7% |
| Other amounts payable | 47/48 | €107,383 | €328,470 | +€221,087 | +206% |
| Accrued charges and deferred income | 492/3 | €8,190 | €15,935 | +€7,745 | +94.6% |
| Operating income | 70/76A | €18,886,731 | €21,687,156 | +€2.8m | +14.8% |
| Turnover | 70 | €17,676,014 | €19,364,614 | +€1.7m | +9.6% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€253,382 | €92,849 | +€346,231 | |
| Own construction capitalised | 72 | €587,692 | €865,905 | +€278,214 | +47.3% |
| Other operating income | 74 | €841,931 | €690,305 | -€151,625 | -18.0% |
| Non-recurring operating income | 76A | €34,477 | €673,483 | +€639,007 | +1,853% |
| Operating charges | 60/66A | €19,314,454 | €21,096,114 | +€1.8m | +9.2% |
| Goods for resale, raw materials and consumables | 60 | €5,213,193 | €5,855,703 | +€642,510 | +12.3% |
| Purchases | 600/8 | €4,951,775 | €5,756,608 | +€804,833 | +16.3% |
| Change in stocks: decrease (increase) | 609 | €261,418 | €99,095 | -€162,323 | -62.1% |
| Services and other goods | 61 | €8,541,067 | €9,174,917 | +€633,849 | +7.4% |
| Remuneration, social security and pensions | 62 | €4,549,077 | €4,731,354 | +€182,277 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €784,256 | €1,159,378 | +€375,122 | +47.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €74,469 | €31,015 | -€43,453 | -58.4% |
| Other operating charges | 640/8 | €152,393 | €142,950 | -€9,442 | -6.2% |
| Non-recurring operating charges | 66A | €0 | €797 | +€797 | |
| Operating profit (loss) | 9901 | -€427,723 | €591,042 | +€1.0m | |
| Financial income | 75/76B | €112,318 | €232,299 | +€119,981 | +107% |
| Recurring financial income | 75 | €74,132 | €60,153 | -€13,979 | -18.9% |
| Income from financial fixed assets | 750 | €7,612 | €4,547 | -€3,066 | -40.3% |
| Income from current assets | 751 | €107 | €632 | +€525 | +493% |
| Other financial income | 752/9 | €66,413 | €54,975 | -€11,438 | -17.2% |
| Non-recurring financial income | 76B | €38,186 | €172,146 | +€133,960 | +351% |
| Financial charges | 65/66B | €191,280 | €190,827 | -€454 | -0.2% |
| Recurring financial charges | 65 | €191,280 | €190,827 | -€454 | -0.2% |
| Debt charges | 650 | €173,467 | €139,923 | -€33,544 | -19.3% |
| Other financial charges | 652/9 | €17,813 | €50,904 | +€33,090 | +186% |
| Non-recurring financial charges | 66B | €0 | €0 | = | |
| Profit (loss) for the period before taxes | 9903 | -€506,685 | €632,514 | +€1.1m | |
| Income taxes | 67/77 | €5,322 | €5,516 | +€193 | +3.6% |
| Taxes | 670/3 | €5,329 | €5,523 | +€193 | +3.6% |
| Tax adjustments and reversals of tax provisions | 77 | €7 | €7 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€512,008 | €626,999 | +€1.1m | |
| Profit (loss) for the period to be appropriated | 9905 | -€512,008 | €626,999 | +€1.1m |
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.