ORTHAID: 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.
ORTHAID
Largest movements
- Cash -€73,066
down €73,066 (-21.3%), from €342,695 to €269,629
mainly Investment in fixed assets (net) (-€53,187) and Net result for the year (-€48,094)
- Tangible fixed assets -€60,577
down €60,577 (-3.6%), from €1.7m to €1.6m
of which Land and buildings: -€32,811
- Reserves -€48,094
down €48,094 (-1.7%), from €2.7m to €2.7m
of which Distributable reserves: -€48,094
- Other debts -€44,598
down €44,598 (-8.1%), from €550,014 to €505,415
- Other operating charges -€37,093
down €37,093 (-62.8%), from €59,056 to €21,962
- Depreciation +€13,471
up €13,471 (+13.4%), from €100,293 to €113,764
- Gross operating margin +€8,161
up €8,161 (+7.4%), from €109,956 to €118,117
- Financial income -€5,468
down €5,468 (-23.8%), from €22,945 to €17,477
- Financial charges -€2,626
down €2,626 (-5.2%), from €50,286 to €47,661
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 | €3,815,109 | €3,684,506 | -€130,603 | -3.4% |
| Fixed assets | 21/28 | €1,667,747 | €1,607,171 | -€60,577 | -3.6% |
| Tangible fixed assets | 22/27 | €1,667,189 | €1,606,613 | -€60,577 | -3.6% |
| Land and buildings | 22 | €1,557,283 | €1,524,472 | -€32,811 | -2.1% |
| Plant, machinery and equipment | 23 | €109,906 | €82,141 | -€27,765 | -25.3% |
| Financial fixed assets | 28 | €558 | €558 | = | 0.0% |
| Current assets | 29/58 | €2,147,362 | €2,077,335 | -€70,027 | -3.3% |
| Amounts receivable within one year | 40/41 | €256,584 | €255,617 | -€966 | -0.4% |
| Trade receivables | 40 | €5,000 | €5,000 | = | 0.0% |
| Other amounts receivable | 41 | €251,584 | €250,617 | -€966 | -0.4% |
| Current investments | 50/53 | €1,542,435 | €1,546,435 | +€4,000 | +0.3% |
| Cash at bank and in hand | 54/58 | €342,695 | €269,629 | -€73,066 | -21.3% |
| Deferred charges and accrued income | 490/1 | €5,648 | €5,654 | +€6 | +0.1% |
| Total equity and liabilities | 10/49 | €3,815,109 | €3,684,506 | -€130,603 | -3.4% |
| Equity | 10/15 | €2,811,035 | €2,762,941 | -€48,094 | -1.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €2,749,535 | €2,701,441 | -€48,094 | -1.7% |
| Non-distributable reserves | 130/1 | €6,090 | €6,090 | = | 0.0% |
| Legal reserve | 130 | €6,090 | €6,090 | = | 0.0% |
| Distributable reserves | 133 | €2,743,445 | €2,695,351 | -€48,094 | -1.8% |
| Amounts payable | 17/49 | €1,004,074 | €921,564 | -€82,509 | -8.2% |
| Amounts payable after more than one year | 17 | €379,269 | €344,468 | -€34,801 | -9.2% |
| Trade debts | 175 | €379,269 | €344,468 | -€34,801 | -9.2% |
| Amounts payable within one year | 42/48 | €623,905 | €575,182 | -€48,723 | -7.8% |
| Current portion of amounts payable after more than one year | 42 | €56,988 | €57,792 | +€804 | +1.4% |
| Trade debts | 44 | €3,100 | €353 | -€2,747 | -88.6% |
| Suppliers | 440/4 | €3,100 | €353 | -€2,747 | -88.6% |
| Taxes, remuneration and social security | 45 | €13,803 | €11,622 | -€2,182 | -15.8% |
| Taxes | 450/3 | €13,803 | €11,622 | -€2,182 | -15.8% |
| Other amounts payable | 47/48 | €550,014 | €505,415 | -€44,598 | -8.1% |
| Accrued charges and deferred income | 492/3 | €900 | €1,915 | +€1,015 | +113% |
| Non-recurring operating income | 76A | - | €0 | +€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €100,293 | €113,764 | +€13,471 | +13.4% |
| Other operating charges | 640/8 | €59,056 | €21,962 | -€37,093 | -62.8% |
| Gross operating margin | 9900 | €109,956 | €118,117 | +€8,161 | +7.4% |
| Operating profit (loss) | 9901 | -€49,392 | -€17,609 | +€31,783 | +64.3% |
| Financial income | 75/76B | €22,945 | €17,477 | -€5,468 | -23.8% |
| Recurring financial income | 75 | €22,945 | €17,477 | -€5,468 | -23.8% |
| Financial charges | 65/66B | €50,286 | €47,661 | -€2,626 | -5.2% |
| Recurring financial charges | 65 | €50,286 | €47,661 | -€2,626 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | -€76,734 | -€47,794 | +€28,941 | +37.7% |
| Income taxes | 67/77 | €289 | €300 | +€11 | +3.9% |
| Profit (loss) for the period | 9904 | -€77,024 | -€48,094 | +€28,930 | +37.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€77,024 | -€48,094 | +€28,930 | +37.6% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.