Ortho A: what changed
Two fiscal 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.
Ortho A
Largest movements
- Tangible fixed assets +€225,229
up €225,229 (+14153.3%), from €1,591 to €226,820
of which Land and buildings: +€198,884
- Cash -€36,526
down €36,526 (-66.2%), from €55,164 to €18,637
mainly Investment in fixed assets (net) (-€233,581) and Trade debts (-€29,449)
- Deferred charges and accrued income +€28,321
up €28,321 (+51736.8%), from €55 to €28,375
- Receivables within one year -€16,264
down €16,264 (-40.0%), from €40,624 to €24,360
of which Trade receivables: -€16,770
- Debts after one year +€169,865
new in 2025: €169,865
- Profit (loss) carried forward +€39,802
up €39,802 (+74.0%), from €53,784 to €93,586
- Trade debts -€29,449
down €29,449 (-98.2%), from €30,000 to €551
- Tax, wage and social debts +€11,098
up €11,098 (+82.5%), from €13,458 to €24,556
- Current portion of long-term debt +€9,135
new in 2025: €9,135
- Depreciation +€7,432
up €7,432 (+537.6%), from €1,383 to €8,815
- Gross operating margin -€7,370
down €7,370 (-10.7%), from €68,849 to €61,479
- Taxes -€2,360
down €2,360 (-17.5%), from €13,458 to €11,098
- Financial charges +€1,278
up €1,278 (+1070.8%), from €119 to €1,397
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 | €97,897 | €298,193 | +€200,296 | +204.6% |
| Formation expenses | 20 | €463 | €0 | -€463 | -100.0% |
| Fixed assets | 21/28 | €1,591 | €226,820 | +€225,229 | +14153.3% |
| Tangible fixed assets | 22/27 | €1,591 | €226,820 | +€225,229 | +14153.3% |
| Land and buildings | 22 | - | €198,884 | +€198,884 | |
| Plant, machinery and equipment | 23 | €1,591 | €972 | -€619 | -38.9% |
| Furniture and vehicles | 24 | - | €26,964 | +€26,964 | |
| Current assets | 29/58 | €95,843 | €71,373 | -€24,470 | -25.5% |
| Amounts receivable within one year | 40/41 | €40,624 | €24,360 | -€16,264 | -40.0% |
| Trade receivables | 40 | €40,624 | €23,854 | -€16,770 | -41.3% |
| Other amounts receivable | 41 | - | €506 | +€506 | |
| Cash at bank and in hand | 54/58 | €55,164 | €18,637 | -€36,526 | -66.2% |
| Deferred charges and accrued income | 490/1 | €55 | €28,375 | +€28,321 | +51736.8% |
| Total equity and liabilities | 10/49 | €97,897 | €298,193 | +€200,296 | +204.6% |
| Equity | 10/15 | €54,284 | €94,086 | +€39,802 | +73.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €53,784 | €93,586 | +€39,802 | +74.0% |
| Amounts payable | 17/49 | €43,613 | €204,107 | +€160,494 | +368.0% |
| Amounts payable after more than one year | 17 | - | €169,865 | +€169,865 | |
| Financial debts | 170/4 | - | €169,865 | +€169,865 | |
| Amounts payable within one year | 42/48 | €43,613 | €34,242 | -€9,371 | -21.5% |
| Current portion of amounts payable after more than one year | 42 | - | €9,135 | +€9,135 | |
| Trade debts | 44 | €30,000 | €551 | -€29,449 | -98.2% |
| Suppliers | 440/4 | €30,000 | €551 | -€29,449 | -98.2% |
| Taxes, remuneration and social security | 45 | €13,458 | €24,556 | +€11,098 | +82.5% |
| Taxes | 450/3 | €13,458 | €24,556 | +€11,098 | +82.5% |
| Other amounts payable | 47/48 | €155 | - | -€155 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,383 | €8,815 | +€7,432 | +537.6% |
| Other operating charges | 640/8 | €106 | €367 | +€261 | +247.4% |
| Gross operating margin | 9900 | €68,849 | €61,479 | -€7,370 | -10.7% |
| Operating profit (loss) | 9901 | €67,361 | €52,297 | -€15,064 | -22.4% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €119 | €1,397 | +€1,278 | +1070.8% |
| Recurring financial charges | 65 | €119 | €1,397 | +€1,278 | +1070.8% |
| Profit (loss) for the period before taxes | 9903 | €67,242 | €50,900 | -€16,342 | -24.3% |
| Income taxes | 67/77 | €13,458 | €11,098 | -€2,360 | -17.5% |
| Profit (loss) for the period | 9904 | €53,784 | €39,802 | -€13,982 | -26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €53,784 | €39,802 | -€13,982 | -26.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.