Ortho-C: 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-C
Largest movements
- Cash +€49,739
up €49,739 (+36.0%), from €138,278 to €188,018
mainly Net result for the year (+€30,680) and Depreciation (+€23,414)
- Tangible fixed assets -€23,414
down €23,414 (-37.8%), from €61,898 to €38,484
of which Plant, machinery and equipment: -€12,030
- Current investments +€20,000
up €20,000 (+4.2%), from €480,000 to €500,000
- Receivables within one year -€14,592
down €14,592 (-62.1%), from €23,491 to €8,899
of which Other amounts receivable: -€7,384
- Reserves +€30,600
up €30,600 (+6.2%), from €489,695 to €520,295
- Gross operating margin -€86,084
down €86,084 (-57.4%), from €150,037 to €63,953
- Taxes -€24,558
down €24,558 (-85.5%), from €28,725 to €4,167
- Staff costs -€12,435
down €12,435 (-43.2%), from €28,767 to €16,332
- Financial income +€5,574
up €5,574 (+77.7%), from €7,170 to €12,744
- Depreciation -€2,021
down €2,021 (-7.9%), from €25,435 to €23,414
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 | €706,819 | €738,236 | +€31,416 | +4.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €62,358 | €38,684 | -€23,674 | -38.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €61,898 | €38,484 | -€23,414 | -37.8% |
| Plant, machinery and equipment | 23 | €19,690 | €7,659 | -€12,030 | -61.1% |
| Furniture and vehicles | 24 | €3,363 | €1,091 | -€2,272 | -67.6% |
| Other tangible fixed assets | 26 | €38,846 | €29,734 | -€9,111 | -23.5% |
| Financial fixed assets | 28 | €460 | €200 | -€260 | -56.5% |
| Current assets | 29/58 | €644,461 | €699,552 | +€55,091 | +8.5% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €23,491 | €8,899 | -€14,592 | -62.1% |
| Trade receivables | 40 | €12,510 | €5,302 | -€7,208 | -57.6% |
| Other amounts receivable | 41 | €10,981 | €3,597 | -€7,384 | -67.2% |
| Current investments | 50/53 | €480,000 | €500,000 | +€20,000 | +4.2% |
| Cash at bank and in hand | 54/58 | €138,278 | €188,018 | +€49,739 | +36.0% |
| Deferred charges and accrued income | 490/1 | €2,692 | €2,635 | -€57 | -2.1% |
| Total equity and liabilities | 10/49 | €706,819 | €738,236 | +€31,416 | +4.4% |
| Equity | 10/15 | €697,215 | €727,895 | +€30,680 | +4.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €489,695 | €520,295 | +€30,600 | +6.2% |
| Distributable reserves | 133 | €489,695 | €520,295 | +€30,600 | +6.2% |
| Profit (loss) carried forward | 14 | €195,120 | €195,199 | +€80 | 0.0% |
| Amounts payable | 17/49 | €9,604 | €10,341 | +€737 | +7.7% |
| Amounts payable within one year | 42/48 | €8,704 | €9,658 | +€954 | +11.0% |
| Trade debts | 44 | €2,774 | €1,976 | -€798 | -28.8% |
| Suppliers | 440/4 | €2,774 | €1,976 | -€798 | -28.8% |
| Taxes, remuneration and social security | 45 | €3,614 | €4,870 | +€1,256 | +34.7% |
| Taxes | 450/3 | €4 | €4,870 | +€4,866 | +109338.2% |
| Remuneration and social security | 454/9 | €3,610 | €0 | -€3,610 | -100.0% |
| Other amounts payable | 47/48 | €2,316 | €2,812 | +€496 | +21.4% |
| Accrued charges and deferred income | 492/3 | €901 | €683 | -€217 | -24.1% |
| Remuneration, social security and pensions | 62 | €28,767 | €16,332 | -€12,435 | -43.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,435 | €23,414 | -€2,021 | -7.9% |
| Other operating charges | 640/8 | €1,669 | €1,661 | -€7 | -0.4% |
| Gross operating margin | 9900 | €150,037 | €63,953 | -€86,084 | -57.4% |
| Operating profit (loss) | 9901 | €94,167 | €22,546 | -€71,621 | -76.1% |
| Financial income | 75/76B | €7,170 | €12,744 | +€5,574 | +77.7% |
| Recurring financial income | 75 | €7,170 | €12,744 | +€5,574 | +77.7% |
| Financial charges | 65/66B | €194 | €443 | +€248 | +127.9% |
| Recurring financial charges | 65 | €194 | €443 | +€248 | +127.9% |
| Profit (loss) for the period before taxes | 9903 | €101,142 | €34,847 | -€66,295 | -65.5% |
| Income taxes | 67/77 | €28,725 | €4,167 | -€24,558 | -85.5% |
| Profit (loss) for the period | 9904 | €72,417 | €30,680 | -€41,737 | -57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €72,417 | €30,680 | -€41,737 | -57.6% |
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 5 October 2026 via checked.be.