Ortofil: what changed
Two fiscal 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.
Ortofil
Largest movements
- Cash +€26,002
up €26,002 (+18.3%), from €142,419 to €168,421
mainly Net result for the year (+€46,161) and Trade debts (+€14,148)
- Tangible fixed assets +€19,808
up €19,808 (+500.0%), from €3,961 to €23,770
of which Furniture and vehicles: +€21,939
- Deferred charges and accrued income +€5,074
up €5,074 (+27.8%), from €18,250 to €23,325
- Receivables within one year +€3,626
up €3,626 (+48.5%), from €7,475 to €11,101
of which Other amounts receivable: +€4,855
- Reserves +€46,161
up €46,161 (+35.9%), from €128,464 to €174,624
- Trade debts +€14,148
up €14,148 (+6104.1%), from €232 to €14,380
- Tax, wage and social debts -€4,728
down €4,728 (-12.1%), from €39,001 to €34,273
- Financial charges +€52,123
up €52,123 (+1929.5%), from €2,701 to €54,824
- Taxes -€9,184
down €9,184 (-42.3%), from €21,728 to €12,545
- Gross operating margin +€8,815
up €8,815 (+8.1%), from €108,927 to €117,742
- Depreciation +€1,800
up €1,800 (+92.5%), from €1,947 to €3,748
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.
Cash bridge derived
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 | €172,105 | €226,616 | +€54,511 | +31.7% |
| Fixed assets | 21/28 | €3,961 | €23,770 | +€19,808 | +500.0% |
| Tangible fixed assets | 22/27 | €3,961 | €23,770 | +€19,808 | +500.0% |
| Plant, machinery and equipment | 23 | €3,673 | €1,543 | -€2,130 | -58.0% |
| Furniture and vehicles | 24 | €288 | €22,227 | +€21,939 | +7605.8% |
| Current assets | 29/58 | €168,144 | €202,847 | +€34,703 | +20.6% |
| Amounts receivable within one year | 40/41 | €7,475 | €11,101 | +€3,626 | +48.5% |
| Trade receivables | 40 | €1,229 | - | -€1,229 | |
| Other amounts receivable | 41 | €6,246 | €11,101 | +€4,855 | +77.7% |
| Cash at bank and in hand | 54/58 | €142,419 | €168,421 | +€26,002 | +18.3% |
| Deferred charges and accrued income | 490/1 | €18,250 | €23,325 | +€5,074 | +27.8% |
| Total equity and liabilities | 10/49 | €172,105 | €226,616 | +€54,511 | +31.7% |
| Equity | 10/15 | €131,464 | €177,624 | +€46,161 | +35.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €128,464 | €174,624 | +€46,161 | +35.9% |
| Distributable reserves | 133 | €128,464 | €174,624 | +€46,161 | +35.9% |
| Amounts payable | 17/49 | €40,641 | €48,992 | +€8,351 | +20.5% |
| Amounts payable within one year | 42/48 | €40,641 | €48,653 | +€8,011 | +19.7% |
| Trade debts | 44 | €232 | €14,380 | +€14,148 | +6104.1% |
| Suppliers | 440/4 | €232 | €14,380 | +€14,148 | +6104.1% |
| Taxes, remuneration and social security | 45 | €39,001 | €34,273 | -€4,728 | -12.1% |
| Taxes | 450/3 | €39,001 | €34,273 | -€4,728 | -12.1% |
| Other amounts payable | 47/48 | €1,408 | - | -€1,408 | |
| Accrued charges and deferred income | 492/3 | - | €340 | +€340 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,947 | €3,748 | +€1,800 | +92.5% |
| Other operating charges | 640/8 | €1,184 | €465 | -€718 | -60.7% |
| Gross operating margin | 9900 | €108,927 | €117,742 | +€8,815 | +8.1% |
| Operating profit (loss) | 9901 | €105,796 | €113,529 | +€7,733 | +7.3% |
| Financial charges | 65/66B | €2,701 | €54,824 | +€52,123 | +1929.5% |
| Recurring financial charges | 65 | €2,701 | €54,824 | +€52,123 | +1929.5% |
| Profit (loss) for the period before taxes | 9903 | €103,095 | €58,705 | -€44,390 | -43.1% |
| Income taxes | 67/77 | €21,728 | €12,545 | -€9,184 | -42.3% |
| Profit (loss) for the period | 9904 | €81,366 | €46,161 | -€35,206 | -43.3% |
| Profit (loss) for the period to be appropriated | 9905 | €81,366 | €46,161 | -€35,206 | -43.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.