ORTU: 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.
ORTU
Largest movements
- Tangible fixed assets +€16,055
up €16,055 (+9.3%), from €171,794 to €187,850
of which Furniture and vehicles: +€19,160
- Cash -€3,259
down €3,259 (-29.0%), from €11,229 to €7,970
mainly Investment in fixed assets (net) (-€27,479) and Trade debts (-€1,381)
- Reserves +€10,086
up €10,086 (+13.9%), from €72,714 to €82,800
- Debts after one year +€7,280
up €7,280 (+7.9%), from €91,667 to €98,946
- Depreciation +€4,347
up €4,347 (+61.4%), from €7,076 to €11,424
- Gross operating margin -€2,802
down €2,802 (-7.8%), from €35,888 to €33,086
- Taxes -€1,750
down €1,750 (-21.0%), from €8,341 to €6,591
- Other operating charges +€1,177
up €1,177 (+165%), from €715 to €1,892
- Financial charges -€912
down €912 (-22.8%), from €4,006 to €3,094
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 | €199,450 | €213,625 | +€14,175 | +7.1% |
| Fixed assets | 21/28 | €171,794 | €187,850 | +€16,055 | +9.3% |
| Tangible fixed assets | 22/27 | €171,794 | €187,850 | +€16,055 | +9.3% |
| Land and buildings | 22 | €158,464 | €156,804 | -€1,659 | -1.0% |
| Furniture and vehicles | 24 | €3,181 | €22,341 | +€19,160 | +602% |
| Other tangible fixed assets | 26 | €10,150 | €8,705 | -€1,445 | -14.2% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Current assets | 29/58 | €27,655 | €25,775 | -€1,880 | -6.8% |
| Amounts receivable within one year | 40/41 | €16,426 | €17,805 | +€1,379 | +8.4% |
| Trade receivables | 40 | €13,507 | €13,992 | +€485 | +3.6% |
| Other amounts receivable | 41 | €2,919 | €3,814 | +€894 | +30.6% |
| Cash at bank and in hand | 54/58 | €11,229 | €7,970 | -€3,259 | -29.0% |
| Total equity and liabilities | 10/49 | €199,450 | €213,625 | +€14,175 | +7.1% |
| Equity | 10/15 | €73,714 | €83,800 | +€10,086 | +13.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €72,714 | €82,800 | +€10,086 | +13.9% |
| Distributable reserves | 133 | €72,714 | €82,800 | +€10,086 | +13.9% |
| Amounts payable | 17/49 | €125,736 | €129,825 | +€4,090 | +3.3% |
| Amounts payable after more than one year | 17 | €91,667 | €98,946 | +€7,280 | +7.9% |
| Financial debts | 170/4 | €91,667 | €98,946 | +€7,280 | +7.9% |
| Amounts payable within one year | 42/48 | €33,394 | €30,676 | -€2,718 | -8.1% |
| Current portion of amounts payable after more than one year | 42 | €25,526 | €24,598 | -€928 | -3.6% |
| Trade debts | 44 | €1,783 | €403 | -€1,381 | -77.4% |
| Suppliers | 440/4 | €1,783 | €403 | -€1,381 | -77.4% |
| Taxes, remuneration and social security | 45 | €5,585 | €5,182 | -€402 | -7.2% |
| Taxes | 450/3 | €5,585 | €5,182 | -€402 | -7.2% |
| Other amounts payable | 47/48 | €500 | €493 | -€7 | -1.3% |
| Accrued charges and deferred income | 492/3 | €675 | €203 | -€473 | -70.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,076 | €11,424 | +€4,347 | +61.4% |
| Other operating charges | 640/8 | €715 | €1,892 | +€1,177 | +165% |
| Gross operating margin | 9900 | €35,888 | €33,086 | -€2,802 | -7.8% |
| Operating profit (loss) | 9901 | €28,097 | €19,770 | -€8,327 | -29.6% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €4,006 | €3,094 | -€912 | -22.8% |
| Recurring financial charges | 65 | €4,006 | €3,094 | -€912 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €24,091 | €16,676 | -€7,415 | -30.8% |
| Income taxes | 67/77 | €8,341 | €6,591 | -€1,750 | -21.0% |
| Profit (loss) for the period | 9904 | €15,750 | €10,086 | -€5,665 | -36.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,750 | €10,086 | -€5,665 | -36.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.