ORTOGA: 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.
ORTOGA
Largest movements
- Cash +€55,107
up €55,107 (+592%), from €9,309 to €64,416
mainly Net result for the year (+€57,349) and Tax, wage and social debts (+€17,914)
- Receivables within one year +€18,521
up €18,521 (+97.0%), from €19,102 to €37,623
of which Other amounts receivable: +€16,819
- Tangible fixed assets +€3,669
new in 2025: €3,669
- Stocks and contracts -€1,407
no longer reported in 2025 (was €1,407)
- Profit (loss) carried forward +€57,349
up €57,349 (+324%), from €17,694 to €75,043
- Tax, wage and social debts +€17,914
up €17,914 (+233%), from €7,702 to €25,616
- Gross operating margin +€60,912
up €60,912 (+430%), from €14,161 to €75,073
- Taxes +€12,615
up €12,615 (+366%), from €3,445 to €16,060
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 | €30,691 | €105,728 | +€75,037 | +244% |
| Fixed assets | 21/28 | - | €3,669 | +€3,669 | |
| Tangible fixed assets | 22/27 | - | €3,669 | +€3,669 | |
| Plant, machinery and equipment | 23 | - | €3,669 | +€3,669 | |
| Current assets | 29/58 | €30,691 | €102,059 | +€71,368 | +233% |
| Stocks and contracts in progress | 3 | €1,407 | - | -€1,407 | |
| Stocks | 30/36 | €1,407 | - | -€1,407 | |
| Amounts receivable within one year | 40/41 | €19,102 | €37,623 | +€18,521 | +97.0% |
| Trade receivables | 40 | - | €1,702 | +€1,702 | |
| Other amounts receivable | 41 | €19,102 | €35,921 | +€16,819 | +88.0% |
| Cash at bank and in hand | 54/58 | €9,309 | €64,416 | +€55,107 | +592% |
| Deferred charges and accrued income | 490/1 | €873 | €20 | -€853 | -97.7% |
| Total equity and liabilities | 10/49 | €30,691 | €105,728 | +€75,037 | +244% |
| Equity | 10/15 | €21,694 | €79,043 | +€57,349 | +264% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,694 | €75,043 | +€57,349 | +324% |
| Amounts payable | 17/49 | €8,997 | €26,686 | +€17,689 | +197% |
| Amounts payable within one year | 42/48 | €8,997 | €26,686 | +€17,689 | +197% |
| Trade debts | 44 | €1,294 | €1,070 | -€225 | -17.4% |
| Suppliers | 440/4 | €1,294 | €1,070 | -€225 | -17.4% |
| Taxes, remuneration and social security | 45 | €7,702 | €25,616 | +€17,914 | +233% |
| Taxes | 450/3 | €7,702 | €25,616 | +€17,914 | +233% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €426 | +€426 | |
| Other operating charges | 640/8 | €725 | €1,087 | +€362 | +49.9% |
| Gross operating margin | 9900 | €14,161 | €75,073 | +€60,912 | +430% |
| Operating profit (loss) | 9901 | €13,436 | €73,559 | +€60,124 | +447% |
| Financial income | 75/76B | €639 | - | -€639 | |
| Recurring financial income | 75 | €639 | - | -€639 | |
| Financial charges | 65/66B | €69 | €151 | +€81 | +118% |
| Recurring financial charges | 65 | €69 | €151 | +€81 | +118% |
| Profit (loss) for the period before taxes | 9903 | €14,005 | €73,409 | +€59,403 | +424% |
| Income taxes | 67/77 | €3,445 | €16,060 | +€12,615 | +366% |
| Profit (loss) for the period | 9904 | €10,560 | €57,349 | +€46,788 | +443% |
| Profit (loss) for the period to be appropriated | 9905 | €10,560 | €57,349 | +€46,788 | +443% |
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 14 October 2026 via checked.be.