ORTTTHO: 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.
ORTTTHO
Largest movements
- Current investments +€69,818
up €69,818 (+73.1%), from €95,456 to €165,274
- Cash -€39,868
down €39,868 (-30.2%), from €131,856 to €91,987
mainly Current investments (-€69,818) and Current portion of long-term debt (-€10,000)
- Receivables within one year +€9,811
up €9,811 (+40.9%), from €24,002 to €33,813
- Other debts +€28,336
up €28,336 (+78.7%), from €35,996 to €64,331
- Reserves +€25,507
up €25,507 (+26.0%), from €98,186 to €123,693
- Current portion of long-term debt -€10,000
down €10,000 (-100%), from €10,000 to €0
- Tax, wage and social debts -€7,520
down €7,520 (-69.4%), from €10,830 to €3,310
- Financial charges +€32,296
up €32,296 (+49.8%), from €64,791 to €97,087
- Gross operating margin +€13,106
up €13,106 (+10.9%), from €120,310 to €133,416
- Taxes -€7,664
down €7,664 (-42.9%), from €17,862 to €10,198
- Financial income +€1,796
up €1,796 (+8,977,600%), from €0 to €1,796
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 | €271,568 | €307,658 | +€36,090 | +13.3% |
| Fixed assets | 21/28 | €12,238 | €10,382 | -€1,855 | -15.2% |
| Tangible fixed assets | 22/27 | €4,238 | €2,382 | -€1,855 | -43.8% |
| Furniture and vehicles | 24 | €1,720 | €729 | -€991 | -57.6% |
| Other tangible fixed assets | 26 | €2,517 | €1,653 | -€864 | -34.3% |
| Financial fixed assets | 28 | €8,000 | €8,000 | = | 0.0% |
| Current assets | 29/58 | €259,330 | €297,275 | +€37,945 | +14.6% |
| Amounts receivable within one year | 40/41 | €24,002 | €33,813 | +€9,811 | +40.9% |
| Other amounts receivable | 41 | €24,002 | €33,813 | +€9,811 | +40.9% |
| Current investments | 50/53 | €95,456 | €165,274 | +€69,818 | +73.1% |
| Cash at bank and in hand | 54/58 | €131,856 | €91,987 | -€39,868 | -30.2% |
| Deferred charges and accrued income | 490/1 | €8,016 | €6,201 | -€1,815 | -22.6% |
| Total equity and liabilities | 10/49 | €271,568 | €307,658 | +€36,090 | +13.3% |
| Equity | 10/15 | €205,782 | €231,288 | +€25,507 | +12.4% |
| Contributions | 10/11 | €12,800 | €12,800 | = | 0.0% |
| Reserves | 13 | €98,186 | €123,693 | +€25,507 | +26.0% |
| Distributable reserves | 133 | €98,186 | €123,693 | +€25,507 | +26.0% |
| Profit (loss) carried forward | 14 | €94,796 | €94,796 | = | 0.0% |
| Amounts payable | 17/49 | €65,786 | €76,369 | +€10,583 | +16.1% |
| Amounts payable within one year | 42/48 | €65,786 | €76,369 | +€10,583 | +16.1% |
| Current portion of amounts payable after more than one year | 42 | €10,000 | €0 | -€10,000 | -100% |
| Trade debts | 44 | €8,961 | €8,728 | -€233 | -2.6% |
| Suppliers | 440/4 | €8,961 | €8,728 | -€233 | -2.6% |
| Taxes, remuneration and social security | 45 | €10,830 | €3,310 | -€7,520 | -69.4% |
| Taxes | 450/3 | €10,830 | €3,310 | -€7,520 | -69.4% |
| Other amounts payable | 47/48 | €35,996 | €64,331 | +€28,336 | +78.7% |
| Non-recurring operating income | 76A | €18,497 | €0 | -€18,497 | -100% |
| Remuneration, social security and pensions | 62 | €450 | €0 | -€450 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,474 | €1,855 | -€619 | -25.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €567 | €564 | -€3 | -0.5% |
| Gross operating margin | 9900 | €120,310 | €133,416 | +€13,106 | +10.9% |
| Operating profit (loss) | 9901 | €116,818 | €130,996 | +€14,178 | +12.1% |
| Financial income | 75/76B | €0 | €1,796 | +€1,796 | +8,977,600% |
| Recurring financial income | 75 | €0 | €1,796 | +€1,796 | +8,977,600% |
| Financial charges | 65/66B | €64,791 | €97,087 | +€32,296 | +49.8% |
| Recurring financial charges | 65 | €64,791 | €97,087 | +€32,296 | +49.8% |
| Profit (loss) for the period before taxes | 9903 | €52,027 | €35,705 | -€16,322 | -31.4% |
| Income taxes | 67/77 | €17,862 | €10,198 | -€7,664 | -42.9% |
| Profit (loss) for the period | 9904 | €34,165 | €25,507 | -€8,659 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €34,165 | €25,507 | -€8,659 | -25.3% |
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 18 October 2026 via checked.be.