FORUM 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.
FORUM D'ORTHO
Largest movements
- Cash +€15,009
up €15,009 (+27.4%), from €54,738 to €69,747
mainly Net result for the year (+€11,310) and Receivables within one year (+€10,010)
- Receivables within one year -€10,010
down €10,010 (-23.6%), from €42,441 to €32,431
of which Other amounts receivable: -€5,132
- Profit (loss) carried forward +€11,310
up €11,310 (+19.1%), from €59,331 to €70,641
- Trade debts -€4,064
down €4,064 (-22.3%), from €18,262 to €14,198
- Gross operating margin -€4,770
down €4,770 (-11.4%), from €41,785 to €37,014
- Staff costs +€1,680
up €1,680 (+11.5%), from €14,621 to €16,301
- Depreciation +€946
up €946 (+21.6%), from €4,374 to €5,320
- Financial charges +€543
up €543 (+62.0%), from €875 to €1,418
- Other operating charges -€495
down €495 (-14.8%), from €3,351 to €2,856
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 | €251,584 | €258,841 | +€7,258 | +2.9% |
| Fixed assets | 21/28 | €141,627 | €142,993 | +€1,366 | +1.0% |
| Tangible fixed assets | 22/27 | €141,507 | €142,873 | +€1,366 | +1.0% |
| Land and buildings | 22 | €131,746 | €130,119 | -€1,627 | -1.2% |
| Plant, machinery and equipment | 23 | €6,134 | €7,274 | +€1,140 | +18.6% |
| Furniture and vehicles | 24 | €3,627 | €5,480 | +€1,853 | +51.1% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €109,956 | €115,848 | +€5,891 | +5.4% |
| Stocks and contracts in progress | 3 | €10,748 | €12,531 | +€1,784 | +16.6% |
| Stocks | 30/36 | €10,748 | €12,531 | +€1,784 | +16.6% |
| Amounts receivable within one year | 40/41 | €42,441 | €32,431 | -€10,010 | -23.6% |
| Trade receivables | 40 | €5,060 | €182 | -€4,878 | -96.4% |
| Other amounts receivable | 41 | €37,381 | €32,249 | -€5,132 | -13.7% |
| Cash at bank and in hand | 54/58 | €54,738 | €69,747 | +€15,009 | +27.4% |
| Deferred charges and accrued income | 490/1 | €2,030 | €1,139 | -€891 | -43.9% |
| Total equity and liabilities | 10/49 | €251,584 | €258,841 | +€7,258 | +2.9% |
| Equity | 10/15 | €227,831 | €239,141 | +€11,310 | +5.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Revaluation surpluses | 12 | €109,994 | €109,994 | = | 0.0% |
| Reserves | 13 | €39,914 | €39,914 | = | 0.0% |
| Distributable reserves | 133 | €39,914 | €39,914 | = | 0.0% |
| Profit (loss) carried forward | 14 | €59,331 | €70,641 | +€11,310 | +19.1% |
| Amounts payable | 17/49 | €23,753 | €19,700 | -€4,053 | -17.1% |
| Amounts payable within one year | 42/48 | €23,753 | €19,700 | -€4,053 | -17.1% |
| Trade debts | 44 | €18,262 | €14,198 | -€4,064 | -22.3% |
| Suppliers | 440/4 | €18,262 | €14,198 | -€4,064 | -22.3% |
| Taxes, remuneration and social security | 45 | €5,490 | €5,502 | +€11 | +0.2% |
| Taxes | 450/3 | €3,268 | €3,635 | +€367 | +11.2% |
| Remuneration and social security | 454/9 | €2,222 | €1,867 | -€355 | -16.0% |
| Remuneration, social security and pensions | 62 | €14,621 | €16,301 | +€1,680 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,374 | €5,320 | +€946 | +21.6% |
| Other operating charges | 640/8 | €3,351 | €2,856 | -€495 | -14.8% |
| Gross operating margin | 9900 | €41,785 | €37,014 | -€4,770 | -11.4% |
| Operating profit (loss) | 9901 | €19,438 | €12,537 | -€6,901 | -35.5% |
| Financial income | 75/76B | €73 | €274 | +€200 | +273% |
| Recurring financial income | 75 | €73 | €274 | +€200 | +273% |
| Financial charges | 65/66B | €875 | €1,418 | +€543 | +62.0% |
| Recurring financial charges | 65 | €875 | €1,418 | +€543 | +62.0% |
| Profit (loss) for the period before taxes | 9903 | €18,636 | €11,393 | -€7,244 | -38.9% |
| Income taxes | 67/77 | - | €82 | +€82 | |
| Profit (loss) for the period | 9904 | €18,636 | €11,310 | -€7,326 | -39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,636 | €11,310 | -€7,326 | -39.3% |
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 25 October 2026 via checked.be.