M.L.ORTHO: what changed
What changed
M.L.ORTHO
NACE 86.220, Specialist medical practice
filed annual accounts (NBB)
Net result for the year
€157,136
2024 · €47,944+€109,192
Equity
€206,081
2024 · €48,944+€157,136
Cash
€140,273
2024 · €58,338+€81,935
Balance sheet total
€228,148
2024 · €90,221+€137,927
Largest movements
Assets
- Cash +€81,935
up €81,935 (+140%), from €58,338 to €140,273
mainly Net result for the year (+€157,136) and Depreciation (+€7,066)
- Receivables within one year +€53,602
up €53,602 (+316%), from €16,945 to €70,547
Equity and liabilities
- Reserves +€157,136
up €157,136 (+328%), from €47,944 to €205,081
- Other debts -€14,872
down €14,872 (-80.6%), from €18,458 to €3,586
- Tax, wage and social debts -€4,571
down €4,571 (-21.0%), from €21,764 to €17,193
of which Taxes: -€6,811
Income statement
- Gross operating margin +€141,480
up €141,480 (+196%), from €72,194 to €213,674
- Taxes +€28,189
up €28,189 (+144%), from €19,633 to €47,822
- Depreciation +€2,566
up €2,566 (+57.0%), from €4,499 to €7,066
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€47,944
Gross operating margin
+€141,480
Depreciation
-€2,566
Other operating charges
-€818
Other operating items
-€662
Financial income
+€0
Financial charges
-€52
Taxes
-€28,189
Result 2025
€157,136
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€89,648
Investment
-€7,714
Financing
€0
Cash 2024
€58,338
From operations (derived)
+€89,648
Net result for the year
+€157,136
Depreciation
+€7,066
Receivables within one year
-€53,602
Deferred charges and accrued income
-€1,742
Trade debts
+€907
Tax, wage and social debts
-€4,571
Other debts
-€14,872
Accrued charges and deferred income
-€672
Investment (derived)
-€7,714
Investment in fixed assets (net)
-€7,714
Cash 2025
€140,273
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €90,221 | €228,148 | +€137,927 | +153% |
| Fixed assets | 21/28 | €14,474 | €15,122 | +€648 | +4.5% |
| Tangible fixed assets | 22/27 | €14,379 | €15,028 | +€648 | +4.5% |
| Furniture and vehicles | 24 | €13,686 | €10,020 | -€3,666 | -26.8% |
| Other tangible fixed assets | 26 | €694 | €5,008 | +€4,314 | +622% |
| Financial fixed assets | 28 | €95 | €95 | = | 0.0% |
| Current assets | 29/58 | €75,746 | €213,025 | +€137,279 | +181% |
| Amounts receivable within one year | 40/41 | €16,945 | €70,547 | +€53,602 | +316% |
| Trade receivables | 40 | €16,945 | €70,547 | +€53,602 | +316% |
| Cash at bank and in hand | 54/58 | €58,338 | €140,273 | +€81,935 | +140% |
| Deferred charges and accrued income | 490/1 | €463 | €2,205 | +€1,742 | +376% |
| Total equity and liabilities | 10/49 | €90,221 | €228,148 | +€137,927 | +153% |
| Equity | 10/15 | €48,944 | €206,081 | +€157,136 | +321% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €47,944 | €205,081 | +€157,136 | +328% |
| Distributable reserves | 133 | €47,944 | €205,081 | +€157,136 | +328% |
| Amounts payable | 17/49 | €41,276 | €22,067 | -€19,209 | -46.5% |
| Amounts payable within one year | 42/48 | €40,604 | €22,067 | -€18,537 | -45.7% |
| Trade debts | 44 | €382 | €1,288 | +€907 | +238% |
| Suppliers | 440/4 | €382 | €1,288 | +€907 | +238% |
| Taxes, remuneration and social security | 45 | €21,764 | €17,193 | -€4,571 | -21.0% |
| Taxes | 450/3 | €20,644 | €13,833 | -€6,811 | -33.0% |
| Remuneration and social security | 454/9 | €1,120 | €3,360 | +€2,240 | +200% |
| Other amounts payable | 47/48 | €18,458 | €3,586 | -€14,872 | -80.6% |
| Accrued charges and deferred income | 492/3 | €672 | - | -€672 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,499 | €7,066 | +€2,566 | +57.0% |
| Other operating charges | 640/8 | €74 | €892 | +€818 | +1,109% |
| Non-recurring operating charges | 66A | - | €662 | +€662 | |
| Gross operating margin | 9900 | €72,194 | €213,674 | +€141,480 | +196% |
| Operating profit (loss) | 9901 | €67,621 | €205,054 | +€137,433 | +203% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €43 | €96 | +€52 | +121% |
| Recurring financial charges | 65 | €43 | €96 | +€52 | +121% |
| Profit (loss) for the period before taxes | 9903 | €67,578 | €204,958 | +€137,381 | +203% |
| Income taxes | 67/77 | €19,633 | €47,822 | +€28,189 | +144% |
| Profit (loss) for the period | 9904 | €47,944 | €157,136 | +€109,192 | +228% |
| Profit (loss) for the period to be appropriated | 9905 | €47,944 | €157,136 | +€109,192 | +228% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.