ORTSAC: 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.
ORTSAC
Largest movements
- Financial fixed assets +€192,151
up €192,151 (+125%), from €153,799 to €345,950
- Other debts +€191,000
up €191,000 (+121%), from €157,744 to €348,744
- Gross operating margin +€838
up €838 (+34.6%), from -€2,423 to -€1,585
- Financial charges +€130
up €130 (+1,737%), from €8 to €138
- Other operating charges +€79
up €79 (+24.6%), from €321 to €400
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 | €157,993 | €346,870 | +€188,877 | +120% |
| Fixed assets | 21/28 | €153,799 | €345,950 | +€192,151 | +125% |
| Financial fixed assets | 28 | €153,799 | €345,950 | +€192,151 | +125% |
| Current assets | 29/58 | €4,193 | €920 | -€3,274 | -78.1% |
| Cash at bank and in hand | 54/58 | €4,193 | €920 | -€3,274 | -78.1% |
| Total equity and liabilities | 10/49 | €157,993 | €346,870 | +€188,877 | +120% |
| Equity | 10/15 | €249 | -€1,874 | -€2,123 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,751 | -€4,874 | -€2,123 | -77.2% |
| Amounts payable | 17/49 | €157,744 | €348,744 | +€191,000 | +121% |
| Amounts payable within one year | 42/48 | €157,744 | €348,744 | +€191,000 | +121% |
| Other amounts payable | 47/48 | €157,744 | €348,744 | +€191,000 | +121% |
| Other operating charges | 640/8 | €321 | €400 | +€79 | +24.6% |
| Gross operating margin | 9900 | -€2,423 | -€1,585 | +€838 | +34.6% |
| Operating profit (loss) | 9901 | -€2,744 | -€1,985 | +€759 | +27.7% |
| Financial charges | 65/66B | €8 | €138 | +€130 | +1,737% |
| Recurring financial charges | 65 | €8 | €138 | +€130 | +1,737% |
| Profit (loss) for the period before taxes | 9903 | -€2,751 | -€2,123 | +€629 | +22.8% |
| Profit (loss) for the period | 9904 | -€2,751 | -€2,123 | +€629 | +22.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,751 | -€2,123 | +€629 | +22.8% |
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 17 October 2026 via checked.be.