ORTRES: 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.
ORTRES
Largest movements
- Cash -€14,628
down €14,628 (-78.5%), from €18,639 to €4,011
mainly Stocks and contracts (-€13,870) and Net result for the year (-€2,804)
- Stocks and contracts +€13,870
up €13,870 (+65.4%), from €21,223 to €35,093
- Financial fixed assets +€850
new in 2025: €850
- Trade debts +€3,906
new in 2025: €3,906
- Profit (loss) carried forward -€2,804
down €2,804, from €2,748 to -€56
- Other debts -€1,440
down €1,440 (-5.3%), from €27,381 to €25,941
- Financial income -€14,000
no longer reported in 2025 (was €14,000)
of which Financial income: -€14,000
- Gross operating margin +€8,844
up €8,844 (+79.9%), from -€11,063 to -€2,219
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 | €40,954 | €40,647 | -€307 | -0.7% |
| Formation expenses | 20 | €442 | €368 | -€74 | -16.7% |
| Fixed assets | 21/28 | - | €850 | +€850 | |
| Financial fixed assets | 28 | - | €850 | +€850 | |
| Current assets | 29/58 | €40,512 | €39,429 | -€1,083 | -2.7% |
| Stocks and contracts in progress | 3 | €21,223 | €35,093 | +€13,870 | +65.4% |
| Stocks | 30/36 | €21,223 | €35,093 | +€13,870 | +65.4% |
| Amounts receivable within one year | 40/41 | €650 | €325 | -€325 | -50.0% |
| Trade receivables | 40 | €650 | €325 | -€325 | -50.0% |
| Cash at bank and in hand | 54/58 | €18,639 | €4,011 | -€14,628 | -78.5% |
| Total equity and liabilities | 10/49 | €40,954 | €40,647 | -€307 | -0.7% |
| Equity | 10/15 | €4,324 | €1,520 | -€2,804 | -64.8% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Capital | 10 | €1,500 | €1,500 | = | 0.0% |
| Issued capital | 100 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €76 | €76 | = | 0.0% |
| Non-distributable reserves | 130/1 | €76 | €76 | = | 0.0% |
| Legal reserve | 130 | €76 | €76 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,748 | -€56 | -€2,804 | |
| Amounts payable | 17/49 | €36,630 | €39,127 | +€2,497 | +6.8% |
| Amounts payable within one year | 42/48 | €27,901 | €30,398 | +€2,497 | +8.9% |
| Trade debts | 44 | - | €3,906 | +€3,906 | |
| Suppliers | 440/4 | - | €3,906 | +€3,906 | |
| Taxes, remuneration and social security | 45 | €520 | €551 | +€31 | +6.0% |
| Taxes | 450/3 | €520 | €551 | +€31 | +6.0% |
| Other amounts payable | 47/48 | €27,381 | €25,941 | -€1,440 | -5.3% |
| Accrued charges and deferred income | 492/3 | €8,729 | €8,729 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74 | €74 | = | 0.0% |
| Other operating charges | 640/8 | €448 | €416 | -€32 | -7.1% |
| Gross operating margin | 9900 | -€11,063 | -€2,219 | +€8,844 | +79.9% |
| Operating profit (loss) | 9901 | -€11,585 | -€2,709 | +€8,876 | +76.6% |
| Financial income | 75/76B | €14,000 | - | -€14,000 | |
| Recurring financial income | 75 | €14,000 | - | -€14,000 | |
| Non-recurring financial income | 76B | €14,000 | - | -€14,000 | |
| Financial charges | 65/66B | €126 | €95 | -€31 | -24.6% |
| Recurring financial charges | 65 | €126 | €95 | -€31 | -24.6% |
| Profit (loss) for the period before taxes | 9903 | €2,289 | -€2,804 | -€5,093 | |
| Profit (loss) for the period | 9904 | €2,289 | -€2,804 | -€5,093 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,289 | -€2,804 | -€5,093 |
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 7 October 2026 via checked.be.