ORTHISTIQUE: 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.
ORTHISTIQUE
Largest movements
- Cash -€402,871
down €402,871 (-83.1%), from €484,697 to €81,826
mainly Current investments (-€399,401) and Contributions, distributions and other (-€72,505)
- Current investments +€399,401
new in 2025: €399,401
- Tangible fixed assets -€29,230
down €29,230 (-11.6%), from €252,369 to €223,139
- Reserves -€22,232
down €22,232 (-5.3%), from €419,632 to €397,400
of which Distributable reserves: -€22,232
- Other debts -€16,042
down €16,042 (-17.4%), from €92,007 to €75,964
- Accrued charges and deferred income +€10,702
new in 2025: €10,702
- Financial income +€11,488
up €11,488 (+270%), from €4,256 to €15,744
- Taxes +€3,977
up €3,977 (+24.0%), from €16,546 to €20,523
- Other operating charges -€1,861
down €1,861 (-67.9%), from €2,739 to €878
- Depreciation -€1,778
down €1,778 (-5.7%), from €31,008 to €29,230
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 | €774,237 | €750,790 | -€23,447 | -3.0% |
| Fixed assets | 21/28 | €254,369 | €225,139 | -€29,230 | -11.5% |
| Tangible fixed assets | 22/27 | €252,369 | €223,139 | -€29,230 | -11.6% |
| Land and buildings | 22 | €217,992 | €205,893 | -€12,099 | -5.5% |
| Plant, machinery and equipment | 23 | €21,479 | €11,331 | -€10,148 | -47.2% |
| Furniture and vehicles | 24 | €12,898 | €5,915 | -€6,983 | -54.1% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €519,868 | €525,651 | +€5,783 | +1.1% |
| Stocks and contracts in progress | 3 | €29,638 | €29,397 | -€240 | -0.8% |
| Stocks | 30/36 | €29,638 | €29,397 | -€240 | -0.8% |
| Amounts receivable within one year | 40/41 | €4,447 | €11,213 | +€6,766 | +152% |
| Trade receivables | 40 | - | €6,766 | +€6,766 | |
| Other amounts receivable | 41 | €4,447 | €4,447 | = | 0.0% |
| Current investments | 50/53 | - | €399,401 | +€399,401 | |
| Cash at bank and in hand | 54/58 | €484,697 | €81,826 | -€402,871 | -83.1% |
| Deferred charges and accrued income | 490/1 | €1,086 | €3,814 | +€2,728 | +251% |
| Total equity and liabilities | 10/49 | €774,237 | €750,790 | -€23,447 | -3.0% |
| Equity | 10/15 | €672,833 | €650,601 | -€22,232 | -3.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €419,632 | €397,400 | -€22,232 | -5.3% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €417,132 | €394,900 | -€22,232 | -5.3% |
| Profit (loss) carried forward | 14 | €228,200 | €228,200 | = | 0.0% |
| Amounts payable | 17/49 | €101,404 | €100,190 | -€1,215 | -1.2% |
| Amounts payable within one year | 42/48 | €101,404 | €89,488 | -€11,916 | -11.8% |
| Trade debts | 44 | €1,728 | €4,410 | +€2,682 | +155% |
| Suppliers | 440/4 | €1,728 | €4,410 | +€2,682 | +155% |
| Taxes, remuneration and social security | 45 | €7,669 | €9,113 | +€1,444 | +18.8% |
| Taxes | 450/3 | - | €1,171 | +€1,171 | |
| Remuneration and social security | 454/9 | €7,669 | €7,942 | +€273 | +3.6% |
| Other amounts payable | 47/48 | €92,007 | €75,964 | -€16,042 | -17.4% |
| Accrued charges and deferred income | 492/3 | - | €10,702 | +€10,702 | |
| Remuneration, social security and pensions | 62 | €46,073 | €46,964 | +€891 | +1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,008 | €29,230 | -€1,778 | -5.7% |
| Other operating charges | 640/8 | €2,739 | €878 | -€1,861 | -67.9% |
| Gross operating margin | 9900 | €131,912 | €133,203 | +€1,291 | +1.0% |
| Operating profit (loss) | 9901 | €52,092 | €56,131 | +€4,039 | +7.8% |
| Financial income | 75/76B | €4,256 | €15,744 | +€11,488 | +270% |
| Recurring financial income | 75 | €4,256 | €15,744 | +€11,488 | +270% |
| Financial charges | 65/66B | €479 | €1,078 | +€599 | +125% |
| Recurring financial charges | 65 | €479 | €1,078 | +€599 | +125% |
| Profit (loss) for the period before taxes | 9903 | €55,869 | €70,796 | +€14,927 | +26.7% |
| Income taxes | 67/77 | €16,546 | €20,523 | +€3,977 | +24.0% |
| Profit (loss) for the period | 9904 | €39,323 | €50,273 | +€10,950 | +27.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,323 | €50,273 | +€10,950 | +27.8% |
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 26 October 2026 via checked.be.