BAILLON 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.
BAILLON ORTHO
Largest movements
- Tangible fixed assets -€27,984
down €27,984 (-5.1%), from €553,975 to €525,991
of which Land and buildings: -€24,137
- Current investments -€19,523
down €19,523 (-7.5%), from €259,435 to €239,912
- Cash +€17,543
up €17,543 (+30.2%), from €58,015 to €75,558
mainly Other debts (+€94,592) and Depreciation (+€27,984)
- Reserves -€123,043
down €123,043 (-22.3%), from €551,660 to €428,617
- Other debts +€94,592
up €94,592 (+203%), from €46,519 to €141,110
- Gross operating margin -€249,863
down €249,863 (-84.8%), from €294,483 to €44,620
- Taxes -€75,786
down €75,786 (-95.5%), from €79,384 to €3,598
- Financial charges -€6,826
down €6,826 (-74.0%), from €9,230 to €2,404
- Depreciation -€3,111
down €3,111 (-10.0%), from €31,095 to €27,984
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 | €880,956 | €851,299 | -€29,657 | -3.4% |
| Fixed assets | 21/28 | €559,975 | €531,991 | -€27,984 | -5.0% |
| Tangible fixed assets | 22/27 | €553,975 | €525,991 | -€27,984 | -5.1% |
| Land and buildings | 22 | €549,930 | €525,793 | -€24,137 | -4.4% |
| Plant, machinery and equipment | 23 | €207 | €23 | -€185 | -89.0% |
| Furniture and vehicles | 24 | €3,837 | €175 | -€3,663 | -95.5% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €320,981 | €319,309 | -€1,673 | -0.5% |
| Amounts receivable within one year | 40/41 | €750 | €1,877 | +€1,127 | +150% |
| Trade receivables | 40 | €250 | €1,877 | +€1,627 | +651% |
| Other amounts receivable | 41 | €500 | €0 | -€500 | -100% |
| Current investments | 50/53 | €259,435 | €239,912 | -€19,523 | -7.5% |
| Cash at bank and in hand | 54/58 | €58,015 | €75,558 | +€17,543 | +30.2% |
| Deferred charges and accrued income | 490/1 | €2,782 | €1,961 | -€820 | -29.5% |
| Total equity and liabilities | 10/49 | €880,956 | €851,299 | -€29,657 | -3.4% |
| Equity | 10/15 | €596,940 | €473,897 | -€123,043 | -20.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €551,660 | €428,617 | -€123,043 | -22.3% |
| Distributable reserves | 133 | €551,660 | €428,617 | -€123,043 | -22.3% |
| Profit (loss) carried forward | 14 | €26,681 | €26,680 | -€0 | 0.0% |
| Amounts payable | 17/49 | €284,016 | €377,402 | +€93,386 | +32.9% |
| Amounts payable after more than one year | 17 | €142,029 | €134,353 | -€7,676 | -5.4% |
| Financial debts | 170/4 | €142,029 | €134,353 | -€7,676 | -5.4% |
| Amounts payable within one year | 42/48 | €117,332 | €212,804 | +€95,472 | +81.4% |
| Financial debts | 43 | €6,760 | €2 | -€6,758 | -100.0% |
| Credit institutions | 430/8 | €6,760 | €2 | -€6,758 | -100.0% |
| Trade debts | 44 | €1,184 | €53 | -€1,131 | -95.6% |
| Suppliers | 440/4 | €1,184 | €53 | -€1,131 | -95.6% |
| Taxes, remuneration and social security | 45 | €62,870 | €71,639 | +€8,769 | +13.9% |
| Taxes | 450/3 | €61,620 | €70,389 | +€8,769 | +14.2% |
| Remuneration and social security | 454/9 | €1,250 | €1,250 | = | 0.0% |
| Other amounts payable | 47/48 | €46,519 | €141,110 | +€94,592 | +203% |
| Accrued charges and deferred income | 492/3 | €24,655 | €30,246 | +€5,591 | +22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,095 | €27,984 | -€3,111 | -10.0% |
| Other operating charges | 640/8 | €2,971 | €1,527 | -€1,444 | -48.6% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €294,483 | €44,620 | -€249,863 | -84.8% |
| Operating profit (loss) | 9901 | €260,418 | €15,109 | -€245,309 | -94.2% |
| Financial income | 75/76B | €656 | €321 | -€334 | -51.0% |
| Recurring financial income | 75 | €656 | €321 | -€334 | -51.0% |
| Financial charges | 65/66B | €9,230 | €2,404 | -€6,826 | -74.0% |
| Recurring financial charges | 65 | €9,230 | €2,404 | -€6,826 | -74.0% |
| Profit (loss) for the period before taxes | 9903 | €251,843 | €13,026 | -€238,817 | -94.8% |
| Income taxes | 67/77 | €79,384 | €3,598 | -€75,786 | -95.5% |
| Profit (loss) for the period | 9904 | €172,459 | €9,428 | -€163,031 | -94.5% |
| Profit (loss) for the period to be appropriated | 9905 | €172,459 | €9,428 | -€163,031 | -94.5% |
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 23 October 2026 via checked.be.