MC 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.
MC Ortho
Largest movements
- Deferred charges and accrued income +€14,921
up €14,921 (+10.8%), from €138,518 to €153,439
- Tangible fixed assets -€10,379
down €10,379 (-56.5%), from €18,355 to €7,977
- Cash -€3,993
down €3,993 (-5.5%), from €72,547 to €68,554
mainly Contributions, distributions and other (-€179,000) and Deferred charges and accrued income (-€14,921)
- Other debts +€9,191
up €9,191 (+6.1%), from €149,751 to €158,942
- Debts after one year -€7,909
no longer reported in 2025 (was €7,909)
- Trade debts -€2,622
down €2,622 (-69.0%), from €3,801 to €1,179
- Gross operating margin +€12,501
up €12,501 (+5.3%), from €233,837 to €246,338
- Taxes +€3,320
up €3,320 (+6.4%), from €52,092 to €55,412
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.
Cash bridge derived
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 | €230,113 | €230,013 | -€99 | 0.0% |
| Fixed assets | 21/28 | €18,399 | €8,020 | -€10,379 | -56.4% |
| Tangible fixed assets | 22/27 | €18,355 | €7,977 | -€10,379 | -56.5% |
| Furniture and vehicles | 24 | €18,355 | €7,977 | -€10,379 | -56.5% |
| Financial fixed assets | 28 | €44 | €44 | = | 0.0% |
| Current assets | 29/58 | €211,714 | €221,993 | +€10,279 | +4.9% |
| Amounts receivable within one year | 40/41 | €649 | - | -€649 | |
| Trade receivables | 40 | €649 | - | -€649 | |
| Cash at bank and in hand | 54/58 | €72,547 | €68,554 | -€3,993 | -5.5% |
| Deferred charges and accrued income | 490/1 | €138,518 | €153,439 | +€14,921 | +10.8% |
| Total equity and liabilities | 10/49 | €230,113 | €230,013 | -€99 | 0.0% |
| Equity | 10/15 | €21,418 | €22,117 | +€700 | +3.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,418 | €2,117 | +€700 | +49.4% |
| Distributable reserves | 133 | €1,418 | €2,117 | +€700 | +49.4% |
| Amounts payable | 17/49 | €208,695 | €207,896 | -€799 | -0.4% |
| Amounts payable after more than one year | 17 | €7,909 | - | -€7,909 | |
| Financial debts | 170/4 | €7,909 | - | -€7,909 | |
| Amounts payable within one year | 42/48 | €200,786 | €207,653 | +€6,867 | +3.4% |
| Current portion of amounts payable after more than one year | 42 | €9,387 | €7,909 | -€1,478 | -15.7% |
| Trade debts | 44 | €3,801 | €1,179 | -€2,622 | -69.0% |
| Suppliers | 440/4 | €3,801 | €1,179 | -€2,622 | -69.0% |
| Taxes, remuneration and social security | 45 | €37,847 | €39,622 | +€1,775 | +4.7% |
| Taxes | 450/3 | €37,847 | €39,622 | +€1,775 | +4.7% |
| Other amounts payable | 47/48 | €149,751 | €158,942 | +€9,191 | +6.1% |
| Accrued charges and deferred income | 492/3 | - | €243 | +€243 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,519 | €10,379 | -€141 | -1.3% |
| Other operating charges | 640/8 | €354 | €243 | -€111 | -31.3% |
| Gross operating margin | 9900 | €233,837 | €246,338 | +€12,501 | +5.3% |
| Operating profit (loss) | 9901 | €222,963 | €235,716 | +€12,753 | +5.7% |
| Financial income | 75/76B | €300 | - | -€300 | |
| Recurring financial income | 75 | €300 | - | -€300 | |
| Financial charges | 65/66B | €641 | €605 | -€36 | -5.6% |
| Recurring financial charges | 65 | €641 | €605 | -€36 | -5.6% |
| Profit (loss) for the period before taxes | 9903 | €222,622 | €235,111 | +€12,489 | +5.6% |
| Income taxes | 67/77 | €52,092 | €55,412 | +€3,320 | +6.4% |
| Profit (loss) for the period | 9904 | €170,530 | €179,700 | +€9,169 | +5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €170,530 | €179,700 | +€9,169 | +5.4% |
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 10 October 2026 via checked.be.