ORTHO.BE: 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.
What changed
ORTHO.BE
NACE 47.741, Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€87,011
2024 · €87,722-€711
Equity
€878,550
2024 · €791,539+€87,011
Cash
€2,682
2024 · €1,095+€1,587
Balance sheet total
€2.6m
2024 · €2.6m+€879
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Reserves +€87,011
up €87,011 (+209%), from €41,539 to €128,550
- Debts after one year -€55,020
down €55,020 (-5.8%), from €948,695 to €893,675
- Short-term financial debts -€46,000
down €46,000 (-13.0%), from €355,000 to €309,000
Income statement
- Financial charges -€18,900
down €18,900 (-22.3%), from €84,636 to €65,736
- Gross operating margin -€16,609
down €16,609 (-32.2%), from -€51,589 to -€68,198
- Taxes +€4,528
up €4,528 (+102%), from €4,429 to €8,957
- Financial income +€2,557
up €2,557 (+1.1%), from €235,704 to €238,260
- Depreciation +€952
up €952 (+16.7%), from €5,690 to €6,643
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.
Result 2024
€87,722
Gross operating margin
-€16,609
Depreciation
-€952
Other operating charges
-€79
Financial income
+€2,557
Financial charges
+€18,900
Taxes
-€4,528
Result 2025
€87,011
raises the resultlowers the result
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.
From operations
+€109,145
Investment
-€6,538
Financing
-€101,020
Cash 2024
€1,095
From operations (derived)
+€109,145
Net result for the year
+€87,011
Depreciation
+€6,643
Receivables within one year
+€5,599
Deferred charges and accrued income
-€4,996
Trade debts
-€450
Tax, wage and social debts
+€8,957
Other debts
+€5,816
Accrued charges and deferred income
+€565
Investment (derived)
-€6,538
Investment in fixed assets (net)
-€6,538
Financing
-€101,020
Debts after one year
-€55,020
Short-term financial debts
-€46,000
Cash 2025
€2,682
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,554,506 | €2,555,385 | +€879 | 0.0% |
| Fixed assets | 21/28 | €2,304,417 | €2,304,313 | -€105 | 0.0% |
| Intangible fixed assets | 21 | €7,020 | €3,380 | -€3,640 | -51.8% |
| Tangible fixed assets | 22/27 | €1,543,497 | €1,547,032 | +€3,535 | +0.2% |
| Land and buildings | 22 | €1,524,572 | €1,524,572 | = | 0.0% |
| Plant, machinery and equipment | 23 | €18,605 | €22,415 | +€3,810 | +20.5% |
| Furniture and vehicles | 24 | €319 | €44 | -€275 | -86.1% |
| Financial fixed assets | 28 | €753,900 | €753,900 | = | 0.0% |
| Current assets | 29/58 | €250,089 | €251,072 | +€983 | +0.4% |
| Amounts receivable after more than one year | 29 | €200,000 | €200,000 | = | 0.0% |
| Other amounts receivable | 291 | €200,000 | €200,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €47,001 | €41,401 | -€5,599 | -11.9% |
| Trade receivables | 40 | €3,166 | €758 | -€2,408 | -76.1% |
| Other amounts receivable | 41 | €43,835 | €40,644 | -€3,191 | -7.3% |
| Cash at bank and in hand | 54/58 | €1,095 | €2,682 | +€1,587 | +145% |
| Deferred charges and accrued income | 490/1 | €1,993 | €6,989 | +€4,996 | +251% |
| Total equity and liabilities | 10/49 | €2,554,506 | €2,555,385 | +€879 | 0.0% |
| Equity | 10/15 | €791,539 | €878,550 | +€87,011 | +11.0% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €41,539 | €128,550 | +€87,011 | +209% |
| Distributable reserves | 133 | €41,539 | €128,550 | +€87,011 | +209% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,762,967 | €1,676,835 | -€86,132 | -4.9% |
| Amounts payable after more than one year | 17 | €948,695 | €893,675 | -€55,020 | -5.8% |
| Financial debts | 170/4 | €948,695 | €893,675 | -€55,020 | -5.8% |
| Amounts payable within one year | 42/48 | €809,100 | €777,423 | -€31,677 | -3.9% |
| Current portion of amounts payable after more than one year | 42 | €55,020 | €55,020 | = | 0.0% |
| Financial debts | 43 | €355,000 | €309,000 | -€46,000 | -13.0% |
| Credit institutions | 430/8 | €355,000 | €309,000 | -€46,000 | -13.0% |
| Trade debts | 44 | €7,411 | €6,961 | -€450 | -6.1% |
| Suppliers | 440/4 | €7,411 | €6,961 | -€450 | -6.1% |
| Taxes, remuneration and social security | 45 | €4,435 | €13,392 | +€8,957 | +202% |
| Taxes | 450/3 | €4,435 | €13,392 | +€8,957 | +202% |
| Other amounts payable | 47/48 | €387,233 | €393,049 | +€5,816 | +1.5% |
| Accrued charges and deferred income | 492/3 | €5,172 | €5,737 | +€565 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,690 | €6,643 | +€952 | +16.7% |
| Other operating charges | 640/8 | €1,637 | €1,715 | +€79 | +4.8% |
| Gross operating margin | 9900 | -€51,589 | -€68,198 | -€16,609 | -32.2% |
| Operating profit (loss) | 9901 | -€58,916 | -€76,556 | -€17,640 | -29.9% |
| Financial income | 75/76B | €235,704 | €238,260 | +€2,557 | +1.1% |
| Recurring financial income | 75 | €235,704 | €238,260 | +€2,557 | +1.1% |
| Financial charges | 65/66B | €84,636 | €65,736 | -€18,900 | -22.3% |
| Recurring financial charges | 65 | €84,636 | €65,736 | -€18,900 | -22.3% |
| Profit (loss) for the period before taxes | 9903 | €92,151 | €95,968 | +€3,817 | +4.1% |
| Income taxes | 67/77 | €4,429 | €8,957 | +€4,528 | +102% |
| Profit (loss) for the period | 9904 | €87,722 | €87,011 | -€711 | -0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €87,722 | €87,011 | -€711 | -0.8% |
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 13 October 2026 via checked.be.