L.C. 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.
L.C. Ortho
Largest movements
- Cash +€88,199
up €88,199 (+321%), from €27,482 to €115,680
mainly Net result for the year (+€100,111) and Debts after one year (+€34,299)
- Tangible fixed assets +€41,034
up €41,034 (+335%), from €12,263 to €53,297
- Receivables within one year +€12,120
up €12,120 (+141%), from €8,611 to €20,731
of which Trade receivables: +€12,120
- Deferred charges and accrued income +€2,226
new in 2025: €2,226
- Profit (loss) carried forward +€100,111
up €100,111 (+353%), from €28,385 to €128,495
- Debts after one year +€34,299
new in 2025: €34,299
- Other debts -€17,668
down €17,668 (-94.2%), from €18,756 to €1,089
- Tax, wage and social debts +€16,030
up €16,030 (+1,527%), from €1,050 to €17,080
of which Taxes: +€16,830
- Current portion of long-term debt +€8,043
new in 2025: €8,043
- Gross operating margin +€100,149
up €100,149 (+222%), from €45,021 to €145,170
- Taxes +€21,212
up €21,212 (+270%), from €7,869 to €29,080
- Depreciation -€3,085
down €3,085 (-65.1%), from €4,737 to €1,652
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 | €48,356 | €191,935 | +€143,579 | +297% |
| Fixed assets | 21/28 | €12,263 | €53,297 | +€41,034 | +335% |
| Tangible fixed assets | 22/27 | €12,263 | €53,297 | +€41,034 | +335% |
| Furniture and vehicles | 24 | €12,263 | €53,297 | +€41,034 | +335% |
| Current assets | 29/58 | €36,093 | €138,638 | +€102,545 | +284% |
| Amounts receivable within one year | 40/41 | €8,611 | €20,731 | +€12,120 | +141% |
| Trade receivables | 40 | €6,480 | €18,600 | +€12,120 | +187% |
| Other amounts receivable | 41 | €2,131 | €2,131 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €27,482 | €115,680 | +€88,199 | +321% |
| Deferred charges and accrued income | 490/1 | - | €2,226 | +€2,226 | |
| Total equity and liabilities | 10/49 | €48,356 | €191,935 | +€143,579 | +297% |
| Equity | 10/15 | €28,385 | €129,495 | +€101,111 | +356% |
| Contributions | 10/11 | - | €1,000 | +€1,000 | |
| Profit (loss) carried forward | 14 | €28,385 | €128,495 | +€100,111 | +353% |
| Amounts payable | 17/49 | €19,971 | €62,439 | +€42,468 | +213% |
| Amounts payable after more than one year | 17 | - | €34,299 | +€34,299 | |
| Financial debts | 170/4 | - | €34,299 | +€34,299 | |
| Amounts payable within one year | 42/48 | €19,971 | €28,140 | +€8,169 | +40.9% |
| Current portion of amounts payable after more than one year | 42 | - | €8,043 | +€8,043 | |
| Trade debts | 44 | €165 | €1,928 | +€1,763 | +1,070% |
| Suppliers | 440/4 | €165 | €1,928 | +€1,763 | +1,070% |
| Taxes, remuneration and social security | 45 | €1,050 | €17,080 | +€16,030 | +1,527% |
| Taxes | 450/3 | €250 | €17,080 | +€16,830 | +6,735% |
| Remuneration and social security | 454/9 | €800 | €0 | -€800 | -100% |
| Other amounts payable | 47/48 | €18,756 | €1,089 | -€17,668 | -94.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,737 | €1,652 | -€3,085 | -65.1% |
| Other operating charges | 640/8 | €432 | €1,828 | +€1,396 | +323% |
| Non-recurring operating charges | 66A | - | €12,263 | +€12,263 | |
| Gross operating margin | 9900 | €45,021 | €145,170 | +€100,149 | +222% |
| Operating profit (loss) | 9901 | €39,852 | €129,427 | +€89,575 | +225% |
| Financial charges | 65/66B | €15 | €236 | +€221 | +1,523% |
| Recurring financial charges | 65 | €15 | €236 | +€221 | +1,523% |
| Profit (loss) for the period before taxes | 9903 | €39,837 | €129,191 | +€89,354 | +224% |
| Income taxes | 67/77 | €7,869 | €29,080 | +€21,212 | +270% |
| Profit (loss) for the period | 9904 | €31,969 | €100,111 | +€68,142 | +213% |
| Profit (loss) for the period to be appropriated | 9905 | €31,969 | €100,111 | +€68,142 | +213% |
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 28 October 2026 via checked.be.