KS Ortho: what changed
Two fiscal 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.
KS Ortho
Largest movements
- Current investments +€500,000
new in 2024: €500,000
- Cash -€433,332
down €433,332 (-79.6%), from €544,097 to €110,765
mainly Current investments (-€500,000) and Investment in fixed assets (net) (-€120,910)
- Intangible fixed assets -€150,000
down €150,000 (-14.3%), from €1.1m to €900,000
- Receivables within one year +€78,456
up €78,456 (+176.1%), from €44,559 to €123,015
of which Other amounts receivable: +€80,000
- Tangible fixed assets +€71,033
up €71,033 (+83.4%), from €85,219 to €156,252
of which Other tangible fixed assets: +€58,192
- Reserves +€195,682
up €195,682 (+27.7%), from €707,456 to €903,138
- Other debts -€93,383
down €93,383 (-20.1%), from €464,006 to €370,623
- Debts after one year -€44,292
down €44,292 (-17.5%), from €252,971 to €208,679
- Depreciation +€15,716
up €15,716 (+8.5%), from €184,160 to €199,877
- Gross operating margin +€12,172
up €12,172 (+1.8%), from €672,207 to €684,378
- Financial charges +€9,333
up €9,333 (+175.2%), from €5,326 to €14,658
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.
Cash bridge derived
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 | €1,727,753 | €1,793,571 | +€65,818 | +3.8% |
| Fixed assets | 21/28 | €1,135,219 | €1,056,252 | -€78,967 | -7.0% |
| Intangible fixed assets | 21 | €1,050,000 | €900,000 | -€150,000 | -14.3% |
| Tangible fixed assets | 22/27 | €85,219 | €156,252 | +€71,033 | +83.4% |
| Plant, machinery and equipment | 23 | €11,976 | €37,816 | +€25,840 | +215.8% |
| Furniture and vehicles | 24 | €32,304 | €19,305 | -€12,999 | -40.2% |
| Other tangible fixed assets | 26 | €40,940 | €99,132 | +€58,192 | +142.1% |
| Current assets | 29/58 | €592,533 | €737,318 | +€144,785 | +24.4% |
| Amounts receivable within one year | 40/41 | €44,559 | €123,015 | +€78,456 | +176.1% |
| Trade receivables | 40 | €44,559 | €43,015 | -€1,545 | -3.5% |
| Other amounts receivable | 41 | - | €80,000 | +€80,000 | |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €544,097 | €110,765 | -€433,332 | -79.6% |
| Deferred charges and accrued income | 490/1 | €3,877 | €3,538 | -€339 | -8.7% |
| Total equity and liabilities | 10/49 | €1,727,753 | €1,793,571 | +€65,818 | +3.8% |
| Equity | 10/15 | €725,456 | €921,138 | +€195,682 | +27.0% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €707,456 | €903,138 | +€195,682 | +27.7% |
| Distributable reserves | 133 | €707,456 | €903,138 | +€195,682 | +27.7% |
| Amounts payable | 17/49 | €1,002,297 | €872,432 | -€129,865 | -13.0% |
| Amounts payable after more than one year | 17 | €252,971 | €208,679 | -€44,292 | -17.5% |
| Financial debts | 170/4 | €252,971 | €208,679 | -€44,292 | -17.5% |
| Amounts payable within one year | 42/48 | €749,325 | €663,753 | -€85,572 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €60,991 | €69,306 | +€8,315 | +13.6% |
| Trade debts | 44 | €6,618 | €19,544 | +€12,926 | +195.3% |
| Suppliers | 440/4 | €6,618 | €19,544 | +€12,926 | +195.3% |
| Taxes, remuneration and social security | 45 | €217,710 | €204,279 | -€13,431 | -6.2% |
| Taxes | 450/3 | €203,482 | €190,030 | -€13,452 | -6.6% |
| Remuneration and social security | 454/9 | €14,228 | €14,249 | +€21 | +0.1% |
| Other amounts payable | 47/48 | €464,006 | €370,623 | -€93,383 | -20.1% |
| Non-recurring operating income | 76A | - | €5,245 | +€5,245 | |
| Remuneration, social security and pensions | 62 | €178,009 | €176,102 | -€1,908 | -1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €184,160 | €199,877 | +€15,716 | +8.5% |
| Other operating charges | 640/8 | €3,395 | €3,211 | -€184 | -5.4% |
| Gross operating margin | 9900 | €672,207 | €684,378 | +€12,172 | +1.8% |
| Operating profit (loss) | 9901 | €306,642 | €305,188 | -€1,453 | -0.5% |
| Financial income | 75/76B | €0 | €1,596 | +€1,596 | |
| Recurring financial income | 75 | €0 | €1,596 | +€1,596 | |
| Financial charges | 65/66B | €5,326 | €14,658 | +€9,333 | +175.2% |
| Recurring financial charges | 65 | €5,326 | €14,658 | +€9,333 | +175.2% |
| Profit (loss) for the period before taxes | 9903 | €301,316 | €292,126 | -€9,190 | -3.0% |
| Income taxes | 67/77 | €93,586 | €96,444 | +€2,858 | +3.1% |
| Profit (loss) for the period | 9904 | €207,730 | €195,682 | -€12,047 | -5.8% |
| Profit (loss) for the period to be appropriated | 9905 | €207,730 | €195,682 | -€12,047 | -5.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.