ORTHO CONSULTING: 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.
ORTHO CONSULTING
Largest movements
- Cash -€329,023
down €329,023 (-80.3%), from €409,808 to €80,785
mainly Debts after one year (-€286,380) and Current investments (-€250,000)
- Tangible fixed assets -€290,193
down €290,193 (-19.7%), from €1.5m to €1.2m
of which Land and buildings: -€297,423
- Current investments +€250,000
new in 2025: €250,000
- Receivables within one year +€20,971
up €20,971 (+27.2%), from €76,987 to €97,958
of which Trade receivables: +€19,564
- Debts after one year -€286,380
down €286,380 (-51.6%), from €554,601 to €268,221
of which Other amounts payable: -€396,300
- Tax, wage and social debts -€210,174
down €210,174 (-94.9%), from €221,360 to €11,186
- Other debts +€154,894
up €154,894 (+3,358%), from €4,612 to €159,506
- Reserves -€28,973
down €28,973 (-4.2%), from €691,410 to €662,437
of which Distributable reserves: -€683,973
- Current portion of long-term debt +€23,114
up €23,114 (+37.6%), from €61,410 to €84,524
- Gross operating margin -€620,881
down €620,881 (-68.9%), from €901,240 to €280,359
- Taxes -€196,769
down €196,769 (-76.7%), from €256,458 to €59,689
- Depreciation -€31,213
down €31,213 (-23.6%), from €132,069 to €100,856
- Financial income -€28,126
down €28,126 (-97.1%), from €28,957 to €831
- Financial charges -€11,070
down €11,070 (-43.9%), from €25,235 to €14,165
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,967,492 | €1,618,422 | -€349,070 | -17.7% |
| Fixed assets | 21/28 | €1,476,011 | €1,185,818 | -€290,193 | -19.7% |
| Tangible fixed assets | 22/27 | €1,475,011 | €1,184,818 | -€290,193 | -19.7% |
| Land and buildings | 22 | €1,457,780 | €1,160,357 | -€297,423 | -20.4% |
| Furniture and vehicles | 24 | €7,193 | €19,798 | +€12,605 | +175% |
| Other tangible fixed assets | 26 | €10,038 | €4,663 | -€5,375 | -53.5% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €491,481 | €432,604 | -€58,877 | -12.0% |
| Amounts receivable within one year | 40/41 | €76,987 | €97,958 | +€20,971 | +27.2% |
| Trade receivables | 40 | €55,203 | €74,767 | +€19,564 | +35.4% |
| Other amounts receivable | 41 | €21,784 | €23,191 | +€1,407 | +6.5% |
| Current investments | 50/53 | - | €250,000 | +€250,000 | |
| Cash at bank and in hand | 54/58 | €409,808 | €80,785 | -€329,023 | -80.3% |
| Deferred charges and accrued income | 490/1 | €4,686 | €3,861 | -€825 | -17.6% |
| Total equity and liabilities | 10/49 | €1,967,492 | €1,618,422 | -€349,070 | -17.7% |
| Equity | 10/15 | €1,102,608 | €1,085,174 | -€17,434 | -1.6% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €691,410 | €662,437 | -€28,973 | -4.2% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,437 | €7,437 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €655,000 | +€655,000 | |
| Distributable reserves | 133 | €683,973 | - | -€683,973 | |
| Profit (loss) carried forward | 14 | €336,830 | €348,369 | +€11,539 | +3.4% |
| Amounts payable | 17/49 | €864,884 | €533,248 | -€331,636 | -38.3% |
| Amounts payable after more than one year | 17 | €554,601 | €268,221 | -€286,380 | -51.6% |
| Financial debts | 170/4 | €153,101 | €263,021 | +€109,920 | +71.8% |
| Other amounts payable | 178/9 | €401,500 | €5,200 | -€396,300 | -98.7% |
| Amounts payable within one year | 42/48 | €309,233 | €262,256 | -€46,977 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €61,410 | €84,524 | +€23,114 | +37.6% |
| Trade debts | 44 | €21,851 | €7,040 | -€14,811 | -67.8% |
| Suppliers | 440/4 | €21,851 | €7,040 | -€14,811 | -67.8% |
| Taxes, remuneration and social security | 45 | €221,360 | €11,186 | -€210,174 | -94.9% |
| Taxes | 450/3 | €221,360 | €11,186 | -€210,174 | -94.9% |
| Other amounts payable | 47/48 | €4,612 | €159,506 | +€154,894 | +3,358% |
| Accrued charges and deferred income | 492/3 | €1,050 | €2,771 | +€1,721 | +164% |
| Non-recurring operating income | 76A | €591,812 | €1,679 | -€590,133 | -99.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €132,069 | €100,856 | -€31,213 | -23.6% |
| Other operating charges | 640/8 | €9,766 | €14,074 | +€4,308 | +44.1% |
| Non-recurring operating charges | 66A | €310 | €867 | +€557 | +180% |
| Gross operating margin | 9900 | €901,240 | €280,359 | -€620,881 | -68.9% |
| Operating profit (loss) | 9901 | €759,095 | €164,562 | -€594,533 | -78.3% |
| Financial income | 75/76B | €28,957 | €831 | -€28,126 | -97.1% |
| Recurring financial income | 75 | €28,957 | €831 | -€28,126 | -97.1% |
| Financial charges | 65/66B | €25,235 | €14,165 | -€11,070 | -43.9% |
| Recurring financial charges | 65 | €25,235 | €14,165 | -€11,070 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €762,817 | €151,228 | -€611,589 | -80.2% |
| Income taxes | 67/77 | €256,458 | €59,689 | -€196,769 | -76.7% |
| Profit (loss) for the period | 9904 | €506,359 | €91,539 | -€414,820 | -81.9% |
| Transfer from tax-exempt reserves | 789 | - | €108,973 | +€108,973 | |
| Transfer to tax-exempt reserves | 689 | - | €80,000 | +€80,000 | |
| Profit (loss) for the period to be appropriated | 9905 | €506,359 | €120,512 | -€385,847 | -76.2% |
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 30 October 2026 via checked.be.