ORTHO-CLERMONT: what changed
What changed
ORTHO-CLERMONT
filed annual accounts (NBB)
Net result for the year
€146,290
2024 · €107,651+€38,640
Equity
€188,567
2024 · €259,624-€71,057
Cash
€191,230
2024 · €250,291-€59,061
Balance sheet total
€342,536
2024 · €381,455-€38,919
Largest movements
Assets
- Cash -€59,061
down €59,061 (-23.6%), from €250,291 to €191,230
mainly Contributions, distributions and other (-€217,347) and Receivables within one year (-€20,569)
- Receivables within one year +€20,569
up €20,569 (+80.3%), from €25,623 to €46,192
of which Trade receivables: +€21,574
Equity and liabilities
- Reserves -€71,057
down €71,057 (-29.5%), from €241,024 to €169,967
- Other debts +€35,383
up €35,383 (+31.6%), from €111,892 to €147,274
Income statement
- Gross operating margin +€51,786
up €51,786 (+37.7%), from €137,397 to €189,183
- Taxes +€12,979
up €12,979 (+43.1%), from €30,102 to €43,081
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€107,651
Gross operating margin
+€51,786
Other operating charges
+€222
Financial income
-€389
Financial charges
+€1
Taxes
-€12,979
Result 2025
€146,290
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€159,361
Investment
-€1,075
Financing
-€217,347
Cash 2024
€250,291
From operations (derived)
+€159,361
Net result for the year
+€146,290
Depreciation
+€372
Receivables within one year
-€20,569
Deferred charges and accrued income
+€1,130
Trade debts
-€1,145
Tax, wage and social debts
-€2,100
Other debts
+€35,383
Investment (derived)
-€1,075
Current investments
-€1,075
Financing
-€217,347
Contributions, distributions and other
-€217,347
Cash 2025
€191,230
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €381,455 | €342,536 | -€38,919 | -10.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €1,005 | €633 | -€372 | -37.0% |
| Tangible fixed assets | 22/27 | €1,005 | €633 | -€372 | -37.0% |
| Furniture and vehicles | 24 | €1,005 | €633 | -€372 | -37.0% |
| Current assets | 29/58 | €380,450 | €341,903 | -€38,547 | -10.1% |
| Amounts receivable within one year | 40/41 | €25,623 | €46,192 | +€20,569 | +80.3% |
| Trade receivables | 40 | €22,239 | €43,812 | +€21,574 | +97.0% |
| Other amounts receivable | 41 | €3,384 | €2,380 | -€1,004 | -29.7% |
| Current investments | 50/53 | €101,124 | €102,199 | +€1,075 | +1.1% |
| Cash at bank and in hand | 54/58 | €250,291 | €191,230 | -€59,061 | -23.6% |
| Deferred charges and accrued income | 490/1 | €3,413 | €2,283 | -€1,130 | -33.1% |
| Total equity and liabilities | 10/49 | €381,455 | €342,536 | -€38,919 | -10.2% |
| Equity | 10/15 | €259,624 | €188,567 | -€71,057 | -27.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €241,024 | €169,967 | -€71,057 | -29.5% |
| Distributable reserves | 133 | €241,024 | €169,967 | -€71,057 | -29.5% |
| Amounts payable | 17/49 | €121,832 | €153,969 | +€32,138 | +26.4% |
| Amounts payable within one year | 42/48 | €121,832 | €153,969 | +€32,138 | +26.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €1,240 | €95 | -€1,145 | -92.3% |
| Suppliers | 440/4 | €1,240 | €95 | -€1,145 | -92.3% |
| Taxes, remuneration and social security | 45 | €8,700 | €6,600 | -€2,100 | -24.1% |
| Taxes | 450/3 | €8,700 | €6,600 | -€2,100 | -24.1% |
| Other amounts payable | 47/48 | €111,892 | €147,274 | +€35,383 | +31.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €372 | €372 | = | 0.0% |
| Other operating charges | 640/8 | €912 | €691 | -€222 | -24.3% |
| Gross operating margin | 9900 | €137,397 | €189,183 | +€51,786 | +37.7% |
| Operating profit (loss) | 9901 | €136,113 | €188,120 | +€52,007 | +38.2% |
| Financial income | 75/76B | €1,765 | €1,376 | -€389 | -22.1% |
| Recurring financial income | 75 | €1,765 | €1,376 | -€389 | -22.1% |
| Financial charges | 65/66B | €126 | €125 | -€1 | -1.1% |
| Recurring financial charges | 65 | €126 | €125 | -€1 | -1.1% |
| Profit (loss) for the period before taxes | 9903 | €137,752 | €189,371 | +€51,619 | +37.5% |
| Income taxes | 67/77 | €30,102 | €43,081 | +€12,979 | +43.1% |
| Profit (loss) for the period | 9904 | €107,651 | €146,290 | +€38,640 | +35.9% |
| Profit (loss) for the period to be appropriated | 9905 | €107,651 | €146,290 | +€38,640 | +35.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.