ART ORTHO: what changed
What changed
ART ORTHO
NACE 86.230, Dental practice
filed annual accounts (NBB)
Net result for the year
€30,099
2024 · €154,430-€124,332
Equity
€212,720
2024 · €256,622-€43,901
Cash
€152,669
2024 · €265,022-€112,353
Balance sheet total
€342,761
2024 · €425,097-€82,336
Largest movements
Assets
- Cash -€112,353
down €112,353 (-42.4%), from €265,022 to €152,669
mainly Contributions, distributions and other (-€74,000) and Receivables within one year (-€31,725)
- Receivables within one year +€31,725
up €31,725 (+213%), from €14,878 to €46,602
of which Other amounts receivable: +€31,725
Equity and liabilities
- Reserves -€43,901
down €43,901 (-18.0%), from €244,222 to €200,320
- Tax, wage and social debts -€20,796
down €20,796 (-47.6%), from €43,649 to €22,854
of which Taxes: -€15,531
- Other debts -€10,226
down €10,226 (-10.7%), from €95,732 to €85,507
- Accrued charges and deferred income -€4,591
down €4,591 (-21.7%), from €21,191 to €16,600
Income statement
- Gross operating margin -€175,057
down €175,057 (-37.8%), from €462,871 to €287,813
- Taxes -€42,423
down €42,423 (-75.2%), from €56,409 to €13,986
- Staff costs -€10,652
down €10,652 (-4.4%), from €240,722 to €230,069
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€154,430
Gross operating margin
-€175,057
Staff costs
+€10,652
Depreciation
-€564
Other operating charges
-€1,356
Financial income
+€857
Financial charges
-€1,287
Taxes
+€42,423
Result 2025
€30,099
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€29,829
Investment
-€8,447
Financing
-€74,078
Cash 2024
€265,022
From operations (derived)
-€29,829
Net result for the year
+€30,099
Depreciation
+€7,177
Receivables within one year
-€31,725
Deferred charges and accrued income
+€2,977
Trade debts
-€2,744
Tax, wage and social debts
-€20,796
Other debts
-€10,226
Accrued charges and deferred income
-€4,591
Investment (derived)
-€8,447
Investment in fixed assets (net)
-€8,447
Financing
-€74,078
Short-term financial debts
-€78
Contributions, distributions and other
-€74,000
Cash 2025
€152,669
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €425,097 | €342,761 | -€82,336 | -19.4% |
| Fixed assets | 21/28 | €139,319 | €140,589 | +€1,270 | +0.9% |
| Tangible fixed assets | 22/27 | €39,319 | €40,589 | +€1,270 | +3.2% |
| Plant, machinery and equipment | 23 | €979 | €658 | -€321 | -32.8% |
| Furniture and vehicles | 24 | €6,070 | €3,889 | -€2,181 | -35.9% |
| Other tangible fixed assets | 26 | €32,271 | €36,042 | +€3,771 | +11.7% |
| Financial fixed assets | 28 | €100,000 | €100,000 | = | 0.0% |
| Current assets | 29/58 | €285,778 | €202,172 | -€83,606 | -29.3% |
| Amounts receivable within one year | 40/41 | €14,878 | €46,602 | +€31,725 | +213% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €14,878 | €46,602 | +€31,725 | +213% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €265,022 | €152,669 | -€112,353 | -42.4% |
| Deferred charges and accrued income | 490/1 | €5,878 | €2,901 | -€2,977 | -50.6% |
| Total equity and liabilities | 10/49 | €425,097 | €342,761 | -€82,336 | -19.4% |
| Equity | 10/15 | €256,622 | €212,720 | -€43,901 | -17.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €244,222 | €200,320 | -€43,901 | -18.0% |
| Distributable reserves | 133 | €244,222 | €200,320 | -€43,901 | -18.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €168,476 | €130,041 | -€38,435 | -22.8% |
| Amounts payable within one year | 42/48 | €147,284 | €113,441 | -€33,843 | -23.0% |
| Financial debts | 43 | €111 | €33 | -€78 | -70.2% |
| Credit institutions | 430/8 | €111 | €33 | -€78 | -70.2% |
| Trade debts | 44 | €7,792 | €5,047 | -€2,744 | -35.2% |
| Suppliers | 440/4 | €7,792 | €5,047 | -€2,744 | -35.2% |
| Taxes, remuneration and social security | 45 | €43,649 | €22,854 | -€20,796 | -47.6% |
| Taxes | 450/3 | €15,892 | €361 | -€15,531 | -97.7% |
| Remuneration and social security | 454/9 | €27,757 | €22,492 | -€5,265 | -19.0% |
| Other amounts payable | 47/48 | €95,732 | €85,507 | -€10,226 | -10.7% |
| Accrued charges and deferred income | 492/3 | €21,191 | €16,600 | -€4,591 | -21.7% |
| Remuneration, social security and pensions | 62 | €240,722 | €230,069 | -€10,652 | -4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,613 | €7,177 | +€564 | +8.5% |
| Other operating charges | 640/8 | €1,800 | €3,155 | +€1,356 | +75.3% |
| Gross operating margin | 9900 | €462,871 | €287,813 | -€175,057 | -37.8% |
| Operating profit (loss) | 9901 | €213,736 | €47,411 | -€166,325 | -77.8% |
| Financial income | 75/76B | €224 | €1,082 | +€857 | +382% |
| Recurring financial income | 75 | €224 | €1,082 | +€857 | +382% |
| Financial charges | 65/66B | €3,121 | €4,409 | +€1,287 | +41.2% |
| Recurring financial charges | 65 | €3,121 | €4,409 | +€1,287 | +41.2% |
| Profit (loss) for the period before taxes | 9903 | €210,839 | €44,084 | -€166,755 | -79.1% |
| Income taxes | 67/77 | €56,409 | €13,986 | -€42,423 | -75.2% |
| Profit (loss) for the period | 9904 | €154,430 | €30,099 | -€124,332 | -80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €154,430 | €30,099 | -€124,332 | -80.5% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.