HENDA 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.
HENDA ORTHO
Largest movements
- Deferred charges and accrued income -€130,432
down €130,432 (-98.4%), from €132,494 to €2,062
- Cash -€31,736
down €31,736 (-78.9%), from €40,219 to €8,483
mainly Net result for the year (-€87,471) and Debts after one year (-€27,770)
- Tangible fixed assets -€26,892
down €26,892 (-4.8%), from €555,873 to €528,982
of which Land and buildings: -€18,119
- Receivables within one year +€19,355
up €19,355 (+959%), from €2,019 to €21,374
of which Other amounts receivable: +€10,197
- Profit (loss) carried forward -€87,471
down €87,471 (-87.8%), from €99,596 to €12,124
- Debts after one year -€27,770
down €27,770 (-5.8%), from €482,670 to €454,900
- Other debts -€25,995
down €25,995 (-48.7%), from €53,412 to €27,418
- Current portion of long-term debt -€18,890
down €18,890 (-39.6%), from €47,657 to €28,767
- Trade debts -€8,343
down €8,343 (-44.1%), from €18,910 to €10,567
- Gross operating margin -€140,724
down €140,724 (-73.2%), from €192,290 to €51,566
- Staff costs +€26,412
up €26,412 (+55.5%), from €47,549 to €73,961
- Taxes -€19,692
down €19,692 (-96.0%), from €20,502 to €811
- Financial charges -€7,576
down €7,576 (-25.0%), from €30,256 to €22,681
- Depreciation +€6,639
up €6,639 (+19.9%), from €33,344 to €39,983
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 | €730,780 | €561,076 | -€169,705 | -23.2% |
| Fixed assets | 21/28 | €556,049 | €529,157 | -€26,892 | -4.8% |
| Tangible fixed assets | 22/27 | €555,873 | €528,982 | -€26,892 | -4.8% |
| Land and buildings | 22 | €489,027 | €470,907 | -€18,119 | -3.7% |
| Plant, machinery and equipment | 23 | €38,670 | €38,563 | -€107 | -0.3% |
| Furniture and vehicles | 24 | €28,177 | €19,512 | -€8,665 | -30.8% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €174,732 | €31,919 | -€142,813 | -81.7% |
| Amounts receivable within one year | 40/41 | €2,019 | €21,374 | +€19,355 | +959% |
| Trade receivables | 40 | €2,019 | €11,177 | +€9,158 | +454% |
| Other amounts receivable | 41 | - | €10,197 | +€10,197 | |
| Cash at bank and in hand | 54/58 | €40,219 | €8,483 | -€31,736 | -78.9% |
| Deferred charges and accrued income | 490/1 | €132,494 | €2,062 | -€130,432 | -98.4% |
| Total equity and liabilities | 10/49 | €730,780 | €561,076 | -€169,705 | -23.2% |
| Equity | 10/15 | €102,096 | €14,624 | -€87,471 | -85.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,596 | €12,124 | -€87,471 | -87.8% |
| Amounts payable | 17/49 | €628,685 | €546,452 | -€82,233 | -13.1% |
| Amounts payable after more than one year | 17 | €482,670 | €454,900 | -€27,770 | -5.8% |
| Financial debts | 170/4 | €482,670 | €454,900 | -€27,770 | -5.8% |
| Amounts payable within one year | 42/48 | €146,015 | €91,552 | -€54,463 | -37.3% |
| Current portion of amounts payable after more than one year | 42 | €47,657 | €28,767 | -€18,890 | -39.6% |
| Trade debts | 44 | €18,910 | €10,567 | -€8,343 | -44.1% |
| Suppliers | 440/4 | €18,910 | €10,567 | -€8,343 | -44.1% |
| Taxes, remuneration and social security | 45 | €26,036 | €24,801 | -€1,236 | -4.7% |
| Taxes | 450/3 | €18,077 | €16,745 | -€1,333 | -7.4% |
| Remuneration and social security | 454/9 | €7,959 | €8,056 | +€97 | +1.2% |
| Other amounts payable | 47/48 | €53,412 | €27,418 | -€25,995 | -48.7% |
| Remuneration, social security and pensions | 62 | €47,549 | €73,961 | +€26,412 | +55.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,344 | €39,983 | +€6,639 | +19.9% |
| Other operating charges | 640/8 | €2,055 | €1,625 | -€430 | -20.9% |
| Gross operating margin | 9900 | €192,290 | €51,566 | -€140,724 | -73.2% |
| Operating profit (loss) | 9901 | €109,342 | -€64,004 | -€173,346 | |
| Financial income | 75/76B | €1 | €24 | +€23 | +4,377% |
| Recurring financial income | 75 | €1 | €24 | +€23 | +4,377% |
| Financial charges | 65/66B | €30,256 | €22,681 | -€7,576 | -25.0% |
| Recurring financial charges | 65 | €30,256 | €22,681 | -€7,576 | -25.0% |
| Profit (loss) for the period before taxes | 9903 | €79,086 | -€86,661 | -€165,747 | |
| Income taxes | 67/77 | €20,502 | €811 | -€19,692 | -96.0% |
| Profit (loss) for the period | 9904 | €58,584 | -€87,471 | -€146,055 | |
| Profit (loss) for the period to be appropriated | 9905 | €58,584 | -€87,471 | -€146,055 |
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 19 October 2026 via checked.be.