ORTUS: 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.
ORTUS
Largest movements
- Current investments +€307,098
up €307,098 (+41.0%), from €749,500 to €1.1m
- Cash -€152,634
down €152,634 (-56.8%), from €268,642 to €116,009
mainly Current investments (-€307,098) and Contributions, distributions and other (-€58,433)
- Tangible fixed assets +€36,212
up €36,212 (+94.4%), from €38,352 to €74,564
of which Furniture and vehicles: +€35,409
- Reserves +€166,358
up €166,358 (+16.6%), from €1.0m to €1.2m
- Tax, wage and social debts +€25,715
up €25,715 (+36.3%), from €70,871 to €96,587
- Gross operating margin +€38,411
up €38,411 (+13.1%), from €292,550 to €330,962
- Depreciation +€8,511
up €8,511 (+89.5%), from €9,508 to €18,019
- Other operating charges +€8,248
up €8,248 (+667%), from €1,237 to €9,485
- Financial income +€7,977
up €7,977 (+39.4%), from €20,224 to €28,201
- Taxes +€7,472
up €7,472 (+8.0%), from €93,894 to €101,366
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 | €1,096,492 | €1,289,624 | +€193,131 | +17.6% |
| Fixed assets | 21/28 | €38,352 | €74,564 | +€36,212 | +94.4% |
| Tangible fixed assets | 22/27 | €38,352 | €74,564 | +€36,212 | +94.4% |
| Plant, machinery and equipment | 23 | - | €803 | +€803 | |
| Furniture and vehicles | 24 | €38,352 | €73,761 | +€35,409 | +92.3% |
| Current assets | 29/58 | €1,058,140 | €1,215,060 | +€156,920 | +14.8% |
| Amounts receivable within one year | 40/41 | €37,376 | €40,460 | +€3,084 | +8.3% |
| Trade receivables | 40 | €30,879 | €40,402 | +€9,523 | +30.8% |
| Other amounts receivable | 41 | €6,497 | €58 | -€6,438 | -99.1% |
| Current investments | 50/53 | €749,500 | €1,056,598 | +€307,098 | +41.0% |
| Cash at bank and in hand | 54/58 | €268,642 | €116,009 | -€152,634 | -56.8% |
| Deferred charges and accrued income | 490/1 | €2,622 | €1,993 | -€629 | -24.0% |
| Total equity and liabilities | 10/49 | €1,096,492 | €1,289,624 | +€193,131 | +17.6% |
| Equity | 10/15 | €1,023,879 | €1,190,237 | +€166,358 | +16.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,003,879 | €1,170,237 | +€166,358 | +16.6% |
| Distributable reserves | 133 | €1,003,879 | €1,170,237 | +€166,358 | +16.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €72,614 | €99,387 | +€26,773 | +36.9% |
| Amounts payable within one year | 42/48 | €71,933 | €99,009 | +€27,075 | +37.6% |
| Trade debts | 44 | €963 | €1,293 | +€330 | +34.3% |
| Suppliers | 440/4 | €963 | €1,293 | +€330 | +34.3% |
| Taxes, remuneration and social security | 45 | €70,871 | €96,587 | +€25,715 | +36.3% |
| Taxes | 450/3 | €70,871 | €96,587 | +€25,715 | +36.3% |
| Other amounts payable | 47/48 | €99 | €1,129 | +€1,030 | +1,040% |
| Accrued charges and deferred income | 492/3 | €681 | €379 | -€302 | -44.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,508 | €18,019 | +€8,511 | +89.5% |
| Other operating charges | 640/8 | €1,237 | €9,485 | +€8,248 | +667% |
| Gross operating margin | 9900 | €292,550 | €330,962 | +€38,411 | +13.1% |
| Operating profit (loss) | 9901 | €281,805 | €303,458 | +€21,652 | +7.7% |
| Financial income | 75/76B | €20,224 | €28,201 | +€7,977 | +39.4% |
| Recurring financial income | 75 | €20,224 | €28,201 | +€7,977 | +39.4% |
| Financial charges | 65/66B | €197 | €5,502 | +€5,305 | +2,688% |
| Recurring financial charges | 65 | €197 | €5,502 | +€5,305 | +2,688% |
| Profit (loss) for the period before taxes | 9903 | €301,832 | €326,157 | +€24,325 | +8.1% |
| Income taxes | 67/77 | €93,894 | €101,366 | +€7,472 | +8.0% |
| Profit (loss) for the period | 9904 | €207,937 | €224,791 | +€16,853 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €207,937 | €224,791 | +€16,853 | +8.1% |
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 14 October 2026 via checked.be.