ORTHO CONSTRUCT: 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 CONSTRUCT
Largest movements
- Tangible fixed assets +€263,564
up €263,564 (+8.7%), from €3.0m to €3.3m
of which Land and buildings: +€263,767
- Other debts +€333,909
up €333,909 (+34.0%), from €980,642 to €1.3m
- Accrued charges and deferred income -€70,733
down €70,733 (-88.1%), from €80,301 to €9,568
- Profit (loss) carried forward +€49,070
up €49,070 (+5.3%), from -€919,618 to -€870,548
- Debts after one year -€38,480
down €38,480 (-14.0%), from €275,000 to €236,520
- Gross operating margin +€169,850
up €169,850 (+56.5%), from €300,512 to €470,362
- Staff costs +€112,490
up €112,490 (+58.2%), from €193,421 to €305,911
- Depreciation +€29,191
up €29,191 (+101.7%), from €28,690 to €57,881
- Other operating charges +€12,233
up €12,233 (+88.0%), from €13,900 to €26,133
- Financial charges +€5,786
up €5,786 (+22.3%), from €25,970 to €31,756
From the 2023 result to the 2024 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,062,173 | €3,350,134 | +€287,961 | +9.4% |
| Fixed assets | 21/28 | €3,014,856 | €3,278,420 | +€263,564 | +8.7% |
| Tangible fixed assets | 22/27 | €3,014,856 | €3,278,420 | +€263,564 | +8.7% |
| Land and buildings | 22 | €3,004,653 | €3,268,420 | +€263,767 | +8.8% |
| Furniture and vehicles | 24 | €10,203 | €10,000 | -€203 | -2.0% |
| Current assets | 29/58 | €47,318 | €71,715 | +€24,397 | +51.6% |
| Amounts receivable within one year | 40/41 | €46,966 | €69,608 | +€22,642 | +48.2% |
| Trade receivables | 40 | €46,966 | €69,608 | +€22,642 | +48.2% |
| Cash at bank and in hand | 54/58 | €352 | €2,106 | +€1,754 | +498.5% |
| Total equity and liabilities | 10/49 | €3,062,173 | €3,350,134 | +€287,961 | +9.4% |
| Equity | 10/15 | €1,555,250 | €1,604,321 | +€49,070 | +3.2% |
| Contributions | 10/11 | €37,184 | €37,184 | = | 0.0% |
| Revaluation surpluses | 12 | €2,433,966 | €2,433,966 | = | 0.0% |
| Reserves | 13 | €3,718 | €3,718 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,718 | - | -€3,718 | |
| Reserves not available under the articles | 1311 | €3,718 | - | -€3,718 | |
| Distributable reserves | 133 | - | €3,718 | +€3,718 | |
| Profit (loss) carried forward | 14 | -€919,618 | -€870,548 | +€49,070 | +5.3% |
| Amounts payable | 17/49 | €1,506,923 | €1,745,813 | +€238,891 | +15.9% |
| Amounts payable after more than one year | 17 | €275,000 | €236,520 | -€38,480 | -14.0% |
| Financial debts | 170/4 | €275,000 | €236,520 | -€38,480 | -14.0% |
| Amounts payable within one year | 42/48 | €1,151,622 | €1,499,726 | +€348,104 | +30.2% |
| Current portion of amounts payable after more than one year | 42 | - | €23,398 | +€23,398 | |
| Financial debts | 43 | €140,467 | €136,000 | -€4,467 | -3.2% |
| Credit institutions | 430/8 | €140,467 | €136,000 | -€4,467 | -3.2% |
| Trade debts | 44 | €13,240 | €8,684 | -€4,555 | -34.4% |
| Suppliers | 440/4 | €13,240 | €8,684 | -€4,555 | -34.4% |
| Taxes, remuneration and social security | 45 | €17,273 | €17,093 | -€181 | -1.0% |
| Taxes | 450/3 | €11,060 | €11,782 | +€722 | +6.5% |
| Remuneration and social security | 454/9 | €6,213 | €5,310 | -€903 | -14.5% |
| Other amounts payable | 47/48 | €980,642 | €1,314,551 | +€333,909 | +34.0% |
| Accrued charges and deferred income | 492/3 | €80,301 | €9,568 | -€70,733 | -88.1% |
| Remuneration, social security and pensions | 62 | €193,421 | €305,911 | +€112,490 | +58.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,690 | €57,881 | +€29,191 | +101.7% |
| Other operating charges | 640/8 | €13,900 | €26,133 | +€12,233 | +88.0% |
| Gross operating margin | 9900 | €300,512 | €470,362 | +€169,850 | +56.5% |
| Operating profit (loss) | 9901 | €64,501 | €80,437 | +€15,936 | +24.7% |
| Financial income | 75/76B | €10 | €389 | +€379 | +3615.0% |
| Recurring financial income | 75 | €10 | €389 | +€379 | +3615.0% |
| Financial charges | 65/66B | €25,970 | €31,756 | +€5,786 | +22.3% |
| Recurring financial charges | 65 | €25,970 | €31,756 | +€5,786 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €38,542 | €49,070 | +€10,528 | +27.3% |
| Profit (loss) for the period | 9904 | €38,542 | €49,070 | +€10,528 | +27.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,542 | €49,070 | +€10,528 | +27.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.