EMA 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.
EMA ORTHO
Largest movements
- Receivables within one year -€73,736
down €73,736 (-82.8%), from €89,101 to €15,365
- Tangible fixed assets -€15,447
down €15,447 (-5.3%), from €292,742 to €277,294
of which Land and buildings: -€10,100
- Cash +€11,865
up €11,865 (+23.1%), from €51,379 to €63,244
mainly Receivables within one year (+€73,736) and Depreciation (+€18,446)
- Other debts -€70,658
down €70,658 (-45.5%), from €155,374 to €84,717
- Debts after one year -€10,990
down €10,990 (-5.3%), from €206,799 to €195,809
- Tax, wage and social debts +€5,553
up €5,553 (+23.1%), from €24,074 to €29,627
- Gross operating margin -€94,640
down €94,640 (-72.7%), from €130,113 to €35,473
- Taxes -€15,611
down €15,611 (-55.9%), from €27,936 to €12,325
- Other operating charges -€1,374
down €1,374 (-50.3%), from €2,731 to €1,357
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €433,467 | €357,819 | -€75,649 | -17.5% |
| Fixed assets | 21/28 | €292,987 | €277,539 | -€15,447 | -5.3% |
| Tangible fixed assets | 22/27 | €292,742 | €277,294 | -€15,447 | -5.3% |
| Land and buildings | 22 | €265,279 | €255,179 | -€10,100 | -3.8% |
| Furniture and vehicles | 24 | €27,463 | €22,115 | -€5,348 | -19.5% |
| Financial fixed assets | 28 | €245 | €245 | = | 0.0% |
| Current assets | 29/58 | €140,481 | €80,279 | -€60,201 | -42.9% |
| Amounts receivable within one year | 40/41 | €89,101 | €15,365 | -€73,736 | -82.8% |
| Trade receivables | 40 | €89,101 | €15,365 | -€73,736 | -82.8% |
| Cash at bank and in hand | 54/58 | €51,379 | €63,244 | +€11,865 | +23.1% |
| Deferred charges and accrued income | 490/1 | - | €1,670 | +€1,670 | |
| Total equity and liabilities | 10/49 | €433,467 | €357,819 | -€75,649 | -17.5% |
| Equity | 10/15 | €36,381 | €36,676 | +€295 | +0.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,381 | €33,676 | +€295 | +0.9% |
| Amounts payable | 17/49 | €397,086 | €321,143 | -€75,944 | -19.1% |
| Amounts payable after more than one year | 17 | €206,799 | €195,809 | -€10,990 | -5.3% |
| Financial debts | 170/4 | €206,799 | €195,809 | -€10,990 | -5.3% |
| Amounts payable within one year | 42/48 | €190,287 | €125,333 | -€64,954 | -34.1% |
| Current portion of amounts payable after more than one year | 42 | €10,839 | €10,990 | +€151 | +1.4% |
| Taxes, remuneration and social security | 45 | €24,074 | €29,627 | +€5,553 | +23.1% |
| Taxes | 450/3 | €24,074 | €29,627 | +€5,553 | +23.1% |
| Other amounts payable | 47/48 | €155,374 | €84,717 | -€70,658 | -45.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,930 | €18,446 | +€516 | +2.9% |
| Other operating charges | 640/8 | €2,731 | €1,357 | -€1,374 | -50.3% |
| Gross operating margin | 9900 | €130,113 | €35,473 | -€94,640 | -72.7% |
| Operating profit (loss) | 9901 | €109,452 | €15,670 | -€93,782 | -85.7% |
| Financial charges | 65/66B | €3,354 | €3,050 | -€304 | -9.1% |
| Recurring financial charges | 65 | €3,354 | €3,050 | -€304 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €106,098 | €12,620 | -€93,479 | -88.1% |
| Income taxes | 67/77 | €27,936 | €12,325 | -€15,611 | -55.9% |
| Profit (loss) for the period | 9904 | €78,162 | €295 | -€77,867 | -99.6% |
| Profit (loss) for the period to be appropriated | 9905 | €78,162 | €295 | -€77,867 | -99.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.