ORTO: 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.
ORTO
Largest movements
- Receivables within one year -€2,621
no longer reported in 2025 (was €2,621)
of which Trade receivables: -€2,526
- Cash -€96
down €96 (-64.2%), from €150 to €54
mainly Trade debts (-€2,573) and Net result for the year (-€944)
- Trade debts -€2,573
down €2,573 (-83.4%), from €3,085 to €512
- Profit (loss) carried forward -€944
down €944 (-0.3%), from -€292,145 to -€293,089
- Other debts +€800
up €800 (+0.9%), from €91,831 to €92,631
- Gross operating margin +€2,089
up €2,089 (+80.3%), from -€2,603 to -€513
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 | €2,771 | €54 | -€2,717 | -98.1% |
| Current assets | 29/58 | €2,771 | €54 | -€2,717 | -98.1% |
| Amounts receivable within one year | 40/41 | €2,621 | - | -€2,621 | |
| Trade receivables | 40 | €2,526 | - | -€2,526 | |
| Other amounts receivable | 41 | €95 | - | -€95 | |
| Cash at bank and in hand | 54/58 | €150 | €54 | -€96 | -64.2% |
| Total equity and liabilities | 10/49 | €2,771 | €54 | -€2,717 | -98.1% |
| Equity | 10/15 | -€92,145 | -€93,089 | -€944 | -1.0% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€292,145 | -€293,089 | -€944 | -0.3% |
| Amounts payable | 17/49 | €94,916 | €93,143 | -€1,773 | -1.9% |
| Amounts payable within one year | 42/48 | €94,916 | €93,143 | -€1,773 | -1.9% |
| Trade debts | 44 | €3,085 | €512 | -€2,573 | -83.4% |
| Suppliers | 440/4 | €3,085 | €512 | -€2,573 | -83.4% |
| Other amounts payable | 47/48 | €91,831 | €92,631 | +€800 | +0.9% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | -€2,603 | -€513 | +€2,089 | +80.3% |
| Operating profit (loss) | 9901 | -€2,990 | -€913 | +€2,077 | +69.5% |
| Financial charges | 65/66B | €33 | €31 | -€2 | -7.2% |
| Recurring financial charges | 65 | €33 | €31 | -€2 | -7.2% |
| Profit (loss) for the period before taxes | 9903 | -€3,023 | -€944 | +€2,079 | +68.8% |
| Profit (loss) for the period | 9904 | -€3,023 | -€944 | +€2,079 | +68.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,023 | -€944 | +€2,079 | +68.8% |
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 23 October 2026 via checked.be.