A.A. ORTHO: 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.
A.A. ORTHO
Largest movements
- Deferred charges and accrued income -€24,305
down €24,305 (-51.8%), from €46,912 to €22,607
- Receivables within one year +€23,340
up €23,340 (+63.2%), from €36,956 to €60,296
of which Trade receivables: +€25,478
- Stocks and contracts -€3,468
down €3,468 (-24.9%), from €13,939 to €10,470
- Profit (loss) carried forward -€7,928
down €7,928, from €1,304 to -€6,624
- Trade debts +€3,894
up €3,894 (+38.1%), from €10,223 to €14,117
- Tax, wage and social debts +€1,540
up €1,540 (+8.3%), from €18,515 to €20,055
of which Taxes: +€1,540
- Other operating charges -€2,607
down €2,607 (-55.7%), from €4,681 to €2,074
- Taxes +€2,315
up €2,315 (+257%), from €900 to €3,215
- Gross operating margin +€1,684
up €1,684, from -€1,311 to €372
- Financial charges -€421
down €421 (-17.6%), from €2,397 to €1,976
- Depreciation +€216
up €216 (+25.2%), from €858 to €1,074
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 | €113,584 | €110,049 | -€3,535 | -3.1% |
| Fixed assets | 21/28 | €5,446 | €5,581 | +€135 | +2.5% |
| Tangible fixed assets | 22/27 | €2,950 | €3,085 | +€135 | +4.6% |
| Land and buildings | 22 | €621 | €414 | -€207 | -33.3% |
| Plant, machinery and equipment | 23 | €823 | €1,095 | +€272 | +33.1% |
| Furniture and vehicles | 24 | €1,506 | €1,576 | +€70 | +4.7% |
| Financial fixed assets | 28 | €2,496 | €2,496 | = | 0.0% |
| Current assets | 29/58 | €108,138 | €104,468 | -€3,670 | -3.4% |
| Stocks and contracts in progress | 3 | €13,939 | €10,470 | -€3,468 | -24.9% |
| Stocks | 30/36 | €13,939 | €10,470 | -€3,468 | -24.9% |
| Amounts receivable within one year | 40/41 | €36,956 | €60,296 | +€23,340 | +63.2% |
| Trade receivables | 40 | €25,357 | €50,836 | +€25,478 | +100% |
| Other amounts receivable | 41 | €11,599 | €9,461 | -€2,138 | -18.4% |
| Cash at bank and in hand | 54/58 | €10,331 | €11,095 | +€763 | +7.4% |
| Deferred charges and accrued income | 490/1 | €46,912 | €22,607 | -€24,305 | -51.8% |
| Total equity and liabilities | 10/49 | €113,584 | €110,049 | -€3,535 | -3.1% |
| Equity | 10/15 | €21,764 | €13,836 | -€7,928 | -36.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,304 | -€6,624 | -€7,928 | |
| Amounts payable | 17/49 | €91,820 | €96,214 | +€4,393 | +4.8% |
| Amounts payable within one year | 42/48 | €91,820 | €96,214 | +€4,393 | +4.8% |
| Financial debts | 43 | €20,115 | €20,000 | -€115 | -0.6% |
| Credit institutions | 430/8 | €20,115 | €20,000 | -€115 | -0.6% |
| Trade debts | 44 | €10,223 | €14,117 | +€3,894 | +38.1% |
| Suppliers | 440/4 | €10,223 | €14,117 | +€3,894 | +38.1% |
| Taxes, remuneration and social security | 45 | €18,515 | €20,055 | +€1,540 | +8.3% |
| Taxes | 450/3 | €515 | €2,055 | +€1,540 | +299% |
| Remuneration and social security | 454/9 | €18,000 | €18,000 | = | 0.0% |
| Other amounts payable | 47/48 | €42,967 | €42,041 | -€926 | -2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €858 | €1,074 | +€216 | +25.2% |
| Other operating charges | 640/8 | €4,681 | €2,074 | -€2,607 | -55.7% |
| Gross operating margin | 9900 | -€1,311 | €372 | +€1,684 | |
| Operating profit (loss) | 9901 | -€6,851 | -€2,776 | +€4,075 | +59.5% |
| Financial income | 75/76B | - | €39 | +€39 | |
| Recurring financial income | 75 | - | €39 | +€39 | |
| Financial charges | 65/66B | €2,397 | €1,976 | -€421 | -17.6% |
| Recurring financial charges | 65 | €2,397 | €1,976 | -€421 | -17.6% |
| Profit (loss) for the period before taxes | 9903 | -€9,247 | -€4,712 | +€4,535 | +49.0% |
| Income taxes | 67/77 | €900 | €3,215 | +€2,315 | +257% |
| Profit (loss) for the period | 9904 | -€10,148 | -€7,928 | +€2,220 | +21.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€10,148 | -€7,928 | +€2,220 | +21.9% |
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 22 October 2026 via checked.be.