OrthAvo: 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.
OrthAvo
Largest movements
- Intangible fixed assets -€22,000
down €22,000 (-20.0%), from €110,000 to €88,000
- Tangible fixed assets -€17,543
down €17,543 (-32.6%), from €53,896 to €36,352
of which Plant, machinery and equipment: -€15,671
- Cash -€7,273
down €7,273 (-12.2%), from €59,632 to €52,359
mainly Debts after one year (-€18,495) and Net result for the year (-€18,061)
- Receivables within one year -€6,162
down €6,162 (-35.3%), from €17,448 to €11,287
- Debts after one year -€18,495
down €18,495 (-36.6%), from €50,537 to €32,041
of which Other amounts payable: -€14,439
- Profit (loss) carried forward -€18,061
new in 2025: -€18,061
- Tax, wage and social debts -€9,418
down €9,418 (-69.3%), from €13,599 to €4,181
of which Taxes: -€9,480
- Trade debts -€5,370
down €5,370 (-52.8%), from €10,168 to €4,798
- Current portion of long-term debt -€2,944
down €2,944 (-42.1%), from €7,001 to €4,057
- Gross operating margin -€97,339
down €97,339 (-78.1%), from €124,619 to €27,280
- Taxes -€21,838
down €21,838 (-99.4%), from €21,973 to €136
- Depreciation +€1,790
up €1,790 (+4.7%), from €37,753 to €39,543
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 | €256,370 | €202,082 | -€54,288 | -21.2% |
| Fixed assets | 21/28 | €163,996 | €124,452 | -€39,543 | -24.1% |
| Intangible fixed assets | 21 | €110,000 | €88,000 | -€22,000 | -20.0% |
| Tangible fixed assets | 22/27 | €53,896 | €36,352 | -€17,543 | -32.6% |
| Plant, machinery and equipment | 23 | €46,622 | €30,951 | -€15,671 | -33.6% |
| Furniture and vehicles | 24 | €2,445 | €1,536 | -€909 | -37.2% |
| Other tangible fixed assets | 26 | €4,829 | €3,866 | -€963 | -20.0% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €92,374 | €77,629 | -€14,745 | -16.0% |
| Amounts receivable within one year | 40/41 | €17,448 | €11,287 | -€6,162 | -35.3% |
| Trade receivables | 40 | €17,448 | €11,287 | -€6,162 | -35.3% |
| Cash at bank and in hand | 54/58 | €59,632 | €52,359 | -€7,273 | -12.2% |
| Deferred charges and accrued income | 490/1 | €15,293 | €13,983 | -€1,310 | -8.6% |
| Total equity and liabilities | 10/49 | €256,370 | €202,082 | -€54,288 | -21.2% |
| Equity | 10/15 | €174,960 | €156,899 | -€18,061 | -10.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €169,960 | €169,960 | = | 0.0% |
| Distributable reserves | 133 | €169,960 | €169,960 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€18,061 | -€18,061 | |
| Amounts payable | 17/49 | €81,410 | €45,182 | -€36,227 | -44.5% |
| Amounts payable after more than one year | 17 | €50,537 | €32,041 | -€18,495 | -36.6% |
| Financial debts | 170/4 | €18,777 | €14,720 | -€4,057 | -21.6% |
| Other amounts payable | 178/9 | €31,759 | €17,321 | -€14,439 | -45.5% |
| Amounts payable within one year | 42/48 | €30,768 | €13,036 | -€17,732 | -57.6% |
| Current portion of amounts payable after more than one year | 42 | €7,001 | €4,057 | -€2,944 | -42.1% |
| Trade debts | 44 | €10,168 | €4,798 | -€5,370 | -52.8% |
| Suppliers | 440/4 | €10,168 | €4,798 | -€5,370 | -52.8% |
| Taxes, remuneration and social security | 45 | €13,599 | €4,181 | -€9,418 | -69.3% |
| Taxes | 450/3 | €13,451 | €3,972 | -€9,480 | -70.5% |
| Remuneration and social security | 454/9 | €147 | €210 | +€62 | +42.0% |
| Accrued charges and deferred income | 492/3 | €105 | €105 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €4,467 | €4,019 | -€448 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,753 | €39,543 | +€1,790 | +4.7% |
| Other operating charges | 640/8 | €520 | €629 | +€109 | +20.9% |
| Gross operating margin | 9900 | €124,619 | €27,280 | -€97,339 | -78.1% |
| Operating profit (loss) | 9901 | €81,878 | -€16,912 | -€98,790 | |
| Financial income | 75/76B | €193 | €373 | +€180 | +93.3% |
| Recurring financial income | 75 | €193 | €373 | +€180 | +93.3% |
| Financial charges | 65/66B | €1,031 | €1,387 | +€356 | +34.5% |
| Recurring financial charges | 65 | €1,031 | €1,387 | +€356 | +34.5% |
| Profit (loss) for the period before taxes | 9903 | €81,041 | -€17,925 | -€98,966 | |
| Income taxes | 67/77 | €21,973 | €136 | -€21,838 | -99.4% |
| Profit (loss) for the period | 9904 | €59,067 | -€18,061 | -€77,128 | |
| Profit (loss) for the period to be appropriated | 9905 | €59,067 | -€18,061 | -€77,128 |
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 14 October 2026 via checked.be.