D'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.
D'ORTHO
Largest movements
- Current investments +€131,004
new in 2025: €131,004
- Deferred charges and accrued income +€38,468
new in 2025: €38,468
- Receivables after one year +€30,000
new in 2025: €30,000
- Cash +€25,531
up €25,531 (+15.9%), from €160,149 to €185,680
mainly Net result for the year (+€219,525) and Tax, wage and social debts (+€15,360)
- Receivables within one year +€17,800
up €17,800 (+131%), from €13,585 to €31,385
of which Other amounts receivable: +€29,096
- Reserves +€218,625
up €218,625 (+134%), from €163,664 to €382,289
- Tax, wage and social debts +€15,360
up €15,360 (+438%), from €3,505 to €18,864
- Debts after one year -€10,484
down €10,484 (-33.9%), from €30,936 to €20,452
- Trade debts +€5,448
new in 2025: €5,448
- Gross operating margin +€67,335
up €67,335 (+29.0%), from €232,395 to €299,729
- Taxes +€18,040
up €18,040 (+35.2%), from €51,255 to €69,295
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 | €214,040 | €445,938 | +€231,898 | +108% |
| Fixed assets | 21/28 | €40,306 | €29,401 | -€10,906 | -27.1% |
| Tangible fixed assets | 22/27 | €40,306 | €29,401 | -€10,906 | -27.1% |
| Furniture and vehicles | 24 | €40,306 | €29,401 | -€10,906 | -27.1% |
| Current assets | 29/58 | €173,733 | €416,537 | +€242,803 | +140% |
| Amounts receivable after more than one year | 29 | - | €30,000 | +€30,000 | |
| Other amounts receivable | 291 | - | €30,000 | +€30,000 | |
| Amounts receivable within one year | 40/41 | €13,585 | €31,385 | +€17,800 | +131% |
| Trade receivables | 40 | €11,296 | - | -€11,296 | |
| Other amounts receivable | 41 | €2,289 | €31,385 | +€29,096 | +1,271% |
| Current investments | 50/53 | - | €131,004 | +€131,004 | |
| Cash at bank and in hand | 54/58 | €160,149 | €185,680 | +€25,531 | +15.9% |
| Deferred charges and accrued income | 490/1 | - | €38,468 | +€38,468 | |
| Total equity and liabilities | 10/49 | €214,040 | €445,938 | +€231,898 | +108% |
| Equity | 10/15 | €168,664 | €387,289 | +€218,625 | +130% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €163,664 | €382,289 | +€218,625 | +134% |
| Distributable reserves | 133 | €163,664 | €382,289 | +€218,625 | +134% |
| Amounts payable | 17/49 | €45,376 | €58,649 | +€13,273 | +29.3% |
| Amounts payable after more than one year | 17 | €30,936 | €20,452 | -€10,484 | -33.9% |
| Financial debts | 170/4 | €30,936 | €20,452 | -€10,484 | -33.9% |
| Amounts payable within one year | 42/48 | €14,440 | €35,696 | +€21,257 | +147% |
| Current portion of amounts payable after more than one year | 42 | €10,035 | €10,484 | +€449 | +4.5% |
| Trade debts | 44 | - | €5,448 | +€5,448 | |
| Suppliers | 440/4 | - | €5,448 | +€5,448 | |
| Taxes, remuneration and social security | 45 | €3,505 | €18,864 | +€15,360 | +438% |
| Taxes | 450/3 | €3,505 | €18,864 | +€15,360 | +438% |
| Other amounts payable | 47/48 | €900 | €900 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €2,500 | +€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,262 | €10,906 | -€2,357 | -17.8% |
| Other operating charges | 640/8 | €636 | €789 | +€153 | +24.0% |
| Gross operating margin | 9900 | €232,395 | €299,729 | +€67,335 | +29.0% |
| Operating profit (loss) | 9901 | €218,496 | €288,035 | +€69,539 | +31.8% |
| Financial income | 75/76B | €0 | €2,520 | +€2,520 | +6,300,150% |
| Recurring financial income | 75 | €0 | €2,520 | +€2,520 | +6,300,150% |
| Financial charges | 65/66B | €2,678 | €1,736 | -€942 | -35.2% |
| Recurring financial charges | 65 | €2,678 | €1,736 | -€942 | -35.2% |
| Profit (loss) for the period before taxes | 9903 | €215,819 | €288,819 | +€73,001 | +33.8% |
| Income taxes | 67/77 | €51,255 | €69,295 | +€18,040 | +35.2% |
| Profit (loss) for the period | 9904 | €164,564 | €219,525 | +€54,961 | +33.4% |
| Profit (loss) for the period to be appropriated | 9905 | €164,564 | €219,525 | +€54,961 | +33.4% |
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 15 October 2026 via checked.be.