ORTOM: 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.
ORTOM
Largest movements
- Stocks and contracts +€63,761
new in 2025: €63,761
- Cash +€47,398
up €47,398 (+279.2%), from €16,975 to €64,373
mainly Net result for the year (+€155,489) and Depreciation (+€42,317)
- Tangible fixed assets +€44,372
up €44,372 (+7.9%), from €563,969 to €608,341
of which Furniture and vehicles: +€55,447
- Receivables within one year +€41,637
up €41,637 (+97.5%), from €42,686 to €84,323
of which Trade receivables: +€36,437
- Current investments -€26,104
down €26,104 (-34.2%), from €76,224 to €50,120
- Reserves +€145,489
up €145,489 (+44.2%), from €329,459 to €474,948
of which Distributable reserves: +€145,489
- Short-term financial debts +€26,243
up €26,243 (+877679.3%), from €3 to €26,246
- Debts after one year -€10,291
down €10,291 (-7.3%), from €141,234 to €130,943
of which Financial debts: -€10,291
- Trade debts +€8,956
up €8,956 (+364.6%), from €2,457 to €11,413
- Gross operating margin +€52,097
up €52,097 (+22.8%), from €228,581 to €280,678
- Taxes +€14,886
up €14,886 (+28.4%), from €52,492 to €67,378
- Depreciation +€3,667
up €3,667 (+9.5%), from €38,649 to €42,317
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 | €703,830 | €875,877 | +€172,047 | +24.4% |
| Fixed assets | 21/28 | €563,969 | €608,341 | +€44,372 | +7.9% |
| Tangible fixed assets | 22/27 | €563,969 | €608,341 | +€44,372 | +7.9% |
| Land and buildings | 22 | €503,780 | €506,792 | +€3,012 | +0.6% |
| Plant, machinery and equipment | 23 | €16,221 | €16,551 | +€330 | +2.0% |
| Furniture and vehicles | 24 | €13,161 | €68,608 | +€55,447 | +421.3% |
| Leasing and similar rights | 25 | €30,806 | €16,391 | -€14,416 | -46.8% |
| Current assets | 29/58 | €139,861 | €267,536 | +€127,674 | +91.3% |
| Stocks and contracts in progress | 3 | - | €63,761 | +€63,761 | |
| Stocks | 30/36 | - | €63,761 | +€63,761 | |
| Amounts receivable within one year | 40/41 | €42,686 | €84,323 | +€41,637 | +97.5% |
| Trade receivables | 40 | €35,439 | €71,877 | +€36,437 | +102.8% |
| Other amounts receivable | 41 | €7,247 | €12,446 | +€5,199 | +71.7% |
| Current investments | 50/53 | €76,224 | €50,120 | -€26,104 | -34.2% |
| Cash at bank and in hand | 54/58 | €16,975 | €64,373 | +€47,398 | +279.2% |
| Deferred charges and accrued income | 490/1 | €3,977 | €4,959 | +€982 | +24.7% |
| Total equity and liabilities | 10/49 | €703,830 | €875,877 | +€172,047 | +24.4% |
| Equity | 10/15 | €481,040 | €626,529 | +€145,489 | +30.2% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €329,459 | €474,948 | +€145,489 | +44.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €329,459 | €474,948 | +€145,489 | +44.2% |
| Profit (loss) carried forward | 14 | €145,081 | €145,081 | = | 0.0% |
| Amounts payable | 17/49 | €222,791 | €249,348 | +€26,558 | +11.9% |
| Amounts payable after more than one year | 17 | €141,234 | €130,943 | -€10,291 | -7.3% |
| Financial debts | 170/4 | €140,234 | €129,943 | -€10,291 | -7.3% |
| Other amounts payable | 178/9 | €1,000 | €1,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €81,557 | €118,406 | +€36,849 | +45.2% |
| Current portion of amounts payable after more than one year | 42 | €56,008 | €61,489 | +€5,482 | +9.8% |
| Financial debts | 43 | €3 | €26,246 | +€26,243 | +877679.3% |
| Credit institutions | 430/8 | €3 | €26,246 | +€26,243 | +877679.3% |
| Trade debts | 44 | €2,457 | €11,413 | +€8,956 | +364.6% |
| Suppliers | 440/4 | €2,457 | €11,413 | +€8,956 | +364.6% |
| Taxes, remuneration and social security | 45 | €20,858 | €19,061 | -€1,797 | -8.6% |
| Taxes | 450/3 | €20,858 | €19,061 | -€1,797 | -8.6% |
| Other amounts payable | 47/48 | €2,232 | €197 | -€2,035 | -91.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €1,855 | +€1,855 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,649 | €42,317 | +€3,667 | +9.5% |
| Other operating charges | 640/8 | €5,222 | €6,372 | +€1,149 | +22.0% |
| Gross operating margin | 9900 | €228,581 | €280,678 | +€52,097 | +22.8% |
| Operating profit (loss) | 9901 | €184,709 | €230,135 | +€45,426 | +24.6% |
| Financial income | 75/76B | €257 | €617 | +€361 | +140.5% |
| Recurring financial income | 75 | €257 | €617 | +€361 | +140.5% |
| Financial charges | 65/66B | €9,685 | €7,885 | -€1,799 | -18.6% |
| Recurring financial charges | 65 | €9,685 | €7,885 | -€1,799 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €175,281 | €222,867 | +€47,585 | +27.1% |
| Income taxes | 67/77 | €52,492 | €67,378 | +€14,886 | +28.4% |
| Profit (loss) for the period | 9904 | €122,790 | €155,489 | +€32,699 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €122,790 | €155,489 | +€32,699 | +26.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.