ECS 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.
ECS ORTHO
Largest movements
- Cash +€36,300
up €36,300 (+40.4%), from €89,932 to €126,232
mainly Net result for the year (+€103,335) and Tax, wage and social debts (+€31,086)
- Tangible fixed assets +€33,205
up €33,205 (+1,674%), from €1,984 to €35,189
- Deferred charges and accrued income +€2,289
new in 2025: €2,289
- Tax, wage and social debts +€31,086
up €31,086 (+171%), from €18,158 to €49,244
- Profit (loss) carried forward +€23,335
up €23,335, from -€7,114 to €16,221
- Other debts +€12,229
up €12,229 (+18.0%), from €67,809 to €80,038
- Trade debts +€5,382
up €5,382 (+108%), from €4,969 to €10,351
- Gross operating margin +€52,082
up €52,082 (+61.0%), from €85,444 to €137,526
- Taxes +€12,927
up €12,927 (+71.2%), from €18,158 to €31,085
- Depreciation +€1,983
up €1,983 (+657%), from €302 to €2,285
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 | €92,022 | €164,054 | +€72,032 | +78.3% |
| Fixed assets | 21/28 | €1,984 | €35,189 | +€33,205 | +1,674% |
| Tangible fixed assets | 22/27 | €1,984 | €35,189 | +€33,205 | +1,674% |
| Furniture and vehicles | 24 | €1,984 | €35,189 | +€33,205 | +1,674% |
| Current assets | 29/58 | €90,038 | €128,865 | +€38,827 | +43.1% |
| Amounts receivable within one year | 40/41 | €106 | €344 | +€238 | +225% |
| Trade receivables | 40 | - | €244 | +€244 | |
| Other amounts receivable | 41 | €106 | €100 | -€6 | -5.7% |
| Cash at bank and in hand | 54/58 | €89,932 | €126,232 | +€36,300 | +40.4% |
| Deferred charges and accrued income | 490/1 | - | €2,289 | +€2,289 | |
| Total equity and liabilities | 10/49 | €92,022 | €164,054 | +€72,032 | +78.3% |
| Equity | 10/15 | €1,086 | €24,421 | +€23,335 | +2,149% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,114 | €16,221 | +€23,335 | |
| Amounts payable | 17/49 | €90,936 | €139,633 | +€48,697 | +53.6% |
| Amounts payable within one year | 42/48 | €90,936 | €139,633 | +€48,697 | +53.6% |
| Trade debts | 44 | €4,969 | €10,351 | +€5,382 | +108% |
| Suppliers | 440/4 | €4,969 | €10,351 | +€5,382 | +108% |
| Taxes, remuneration and social security | 45 | €18,158 | €49,244 | +€31,086 | +171% |
| Taxes | 450/3 | €18,158 | €49,244 | +€31,086 | +171% |
| Other amounts payable | 47/48 | €67,809 | €80,038 | +€12,229 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €302 | €2,285 | +€1,983 | +657% |
| Other operating charges | 640/8 | - | €708 | +€708 | |
| Non-recurring operating charges | 66A | - | €6 | +€6 | |
| Gross operating margin | 9900 | €85,444 | €137,526 | +€52,082 | +61.0% |
| Operating profit (loss) | 9901 | €85,142 | €134,527 | +€49,385 | +58.0% |
| Financial charges | 65/66B | €92 | €107 | +€15 | +16.3% |
| Recurring financial charges | 65 | €92 | €107 | +€15 | +16.3% |
| Profit (loss) for the period before taxes | 9903 | €85,050 | €134,420 | +€49,370 | +58.0% |
| Income taxes | 67/77 | €18,158 | €31,085 | +€12,927 | +71.2% |
| Profit (loss) for the period | 9904 | €66,892 | €103,335 | +€36,443 | +54.5% |
| Profit (loss) for the period to be appropriated | 9905 | €66,892 | €103,335 | +€36,443 | +54.5% |
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 14 October 2026 via checked.be.