ORTOS: 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.
ORTOS
Largest movements
- Cash -€19,999
down €19,999 (-55.5%), from €36,038 to €16,038
mainly Debts after one year (-€45,646) and Net result for the year (-€20,692)
- Intangible fixed assets -€17,938
down €17,938 (-33.3%), from €53,813 to €35,875
- Tangible fixed assets -€12,261
down €12,261 (-5.2%), from €236,949 to €224,687
of which Land and buildings: -€13,276
- Stocks and contracts -€9,738
down €9,738 (-56.1%), from €17,359 to €7,621
- Debts after one year -€45,646
down €45,646 (-20.7%), from €220,520 to €174,874
of which Financial debts: -€45,646
- Profit (loss) carried forward -€20,692
down €20,692 (-51.7%), from -€40,017 to -€60,709
- Gross operating margin -€18,674
down €18,674 (-9.4%), from €197,804 to €179,129
- Staff costs -€14,063
down €14,063 (-8.6%), from €163,899 to €149,836
- Depreciation -€9,412
down €9,412 (-22.7%), from €41,431 to €32,019
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 | €363,841 | €300,189 | -€63,651 | -17.5% |
| Fixed assets | 21/28 | €293,011 | €262,812 | -€30,199 | -10.3% |
| Intangible fixed assets | 21 | €53,813 | €35,875 | -€17,938 | -33.3% |
| Tangible fixed assets | 22/27 | €236,949 | €224,687 | -€12,261 | -5.2% |
| Land and buildings | 22 | €236,565 | €223,289 | -€13,276 | -5.6% |
| Furniture and vehicles | 24 | €384 | €1,399 | +€1,014 | +264.1% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €70,829 | €37,377 | -€33,452 | -47.2% |
| Stocks and contracts in progress | 3 | €17,359 | €7,621 | -€9,738 | -56.1% |
| Stocks | 30/36 | €17,359 | €7,621 | -€9,738 | -56.1% |
| Amounts receivable within one year | 40/41 | €15,441 | €11,812 | -€3,629 | -23.5% |
| Trade receivables | 40 | €13,556 | €9,645 | -€3,911 | -28.8% |
| Other amounts receivable | 41 | €1,884 | €2,166 | +€282 | +15.0% |
| Cash at bank and in hand | 54/58 | €36,038 | €16,038 | -€19,999 | -55.5% |
| Deferred charges and accrued income | 490/1 | €1,993 | €1,906 | -€86 | -4.3% |
| Total equity and liabilities | 10/49 | €363,841 | €300,189 | -€63,651 | -17.5% |
| Equity | 10/15 | -€20,017 | -€40,709 | -€20,692 | -103.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,017 | -€60,709 | -€20,692 | -51.7% |
| Amounts payable | 17/49 | €383,858 | €340,898 | -€42,960 | -11.2% |
| Amounts payable after more than one year | 17 | €220,520 | €174,874 | -€45,646 | -20.7% |
| Financial debts | 170/4 | €210,520 | €164,874 | -€45,646 | -21.7% |
| Other amounts payable | 178/9 | €10,000 | €10,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €155,297 | €157,912 | +€2,614 | +1.7% |
| Current portion of amounts payable after more than one year | 42 | €44,533 | €45,646 | +€1,113 | +2.5% |
| Trade debts | 44 | €82,652 | €81,566 | -€1,086 | -1.3% |
| Suppliers | 440/4 | €82,652 | €81,566 | -€1,086 | -1.3% |
| Taxes, remuneration and social security | 45 | €27,564 | €30,133 | +€2,569 | +9.3% |
| Taxes | 450/3 | €4,638 | €460 | -€4,178 | -90.1% |
| Remuneration and social security | 454/9 | €22,927 | €29,673 | +€6,747 | +29.4% |
| Other amounts payable | 47/48 | €548 | €567 | +€18 | +3.3% |
| Accrued charges and deferred income | 492/3 | €8,040 | €8,113 | +€73 | +0.9% |
| Remuneration, social security and pensions | 62 | €163,899 | €149,836 | -€14,063 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,431 | €32,019 | -€9,412 | -22.7% |
| Other operating charges | 640/8 | €6,010 | €7,072 | +€1,062 | +17.7% |
| Gross operating margin | 9900 | €197,804 | €179,129 | -€18,674 | -9.4% |
| Operating profit (loss) | 9901 | -€13,536 | -€9,797 | +€3,738 | +27.6% |
| Financial income | 75/76B | €153 | €57 | -€96 | -62.7% |
| Recurring financial income | 75 | €153 | €57 | -€96 | -62.7% |
| Financial charges | 65/66B | €9,640 | €10,951 | +€1,311 | +13.6% |
| Recurring financial charges | 65 | €9,640 | €10,951 | +€1,311 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | -€23,023 | -€20,692 | +€2,331 | +10.1% |
| Profit (loss) for the period | 9904 | -€23,023 | -€20,692 | +€2,331 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,023 | -€20,692 | +€2,331 | +10.1% |
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 10 October 2026 via checked.be.