Ortho-device: 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-device
Largest movements
- Cash +€169,710
up €169,710 (+66.2%), from €256,302 to €426,013
mainly Net result for the year (+€134,078) and Depreciation (+€69,583)
- Tangible fixed assets -€57,127
down €57,127 (-8.5%), from €674,393 to €617,266
- Receivables within one year -€36,100
down €36,100 (-26.7%), from €135,386 to €99,286
of which Trade receivables: -€36,174
- Reserves +€134,078
up €134,078 (+19.8%), from €677,763 to €811,841
- Other debts -€53,613
down €53,613 (-85.9%), from €62,434 to €8,821
- Debts after one year -€49,133
down €49,133 (-17.1%), from €286,648 to €237,514
- Tax, wage and social debts +€28,511
up €28,511 (+88.1%), from €32,368 to €60,879
of which Taxes: +€21,642
- Gross operating margin +€37,408
up €37,408 (+13.3%), from €281,837 to €319,245
- Taxes +€12,615
up €12,615 (+28.1%), from €44,867 to €57,482
- Staff costs -€6,253
down €6,253 (-12.0%), from €52,074 to €45,821
- Financial charges +€5,340
up €5,340 (+89.6%), from €5,962 to €11,302
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 | €1,138,561 | €1,203,094 | +€64,533 | +5.7% |
| Fixed assets | 21/28 | €675,722 | €617,949 | -€57,773 | -8.5% |
| Intangible fixed assets | 21 | €1,329 | €683 | -€646 | -48.6% |
| Tangible fixed assets | 22/27 | €674,393 | €617,266 | -€57,127 | -8.5% |
| Land and buildings | 22 | €480,624 | €461,470 | -€19,155 | -4.0% |
| Plant, machinery and equipment | 23 | €32,379 | €21,476 | -€10,903 | -33.7% |
| Furniture and vehicles | 24 | €6,443 | €5,079 | -€1,364 | -21.2% |
| Leasing and similar rights | 25 | €44,736 | €34,154 | -€10,583 | -23.7% |
| Other tangible fixed assets | 26 | €110,211 | €95,088 | -€15,123 | -13.7% |
| Current assets | 29/58 | €462,838 | €585,145 | +€122,306 | +26.4% |
| Stocks and contracts in progress | 3 | €27,026 | €33,931 | +€6,904 | +25.5% |
| Stocks | 30/36 | €27,026 | €33,931 | +€6,904 | +25.5% |
| Amounts receivable within one year | 40/41 | €135,386 | €99,286 | -€36,100 | -26.7% |
| Trade receivables | 40 | €135,386 | €99,212 | -€36,174 | -26.7% |
| Other amounts receivable | 41 | €0 | €74 | +€74 | |
| Current investments | 50/53 | €30,000 | €20,000 | -€10,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €256,302 | €426,013 | +€169,710 | +66.2% |
| Deferred charges and accrued income | 490/1 | €14,124 | €5,916 | -€8,208 | -58.1% |
| Total equity and liabilities | 10/49 | €1,138,561 | €1,203,094 | +€64,533 | +5.7% |
| Equity | 10/15 | €690,163 | €824,241 | +€134,078 | +19.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €677,763 | €811,841 | +€134,078 | +19.8% |
| Distributable reserves | 133 | €677,763 | €811,841 | +€134,078 | +19.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €448,397 | €378,853 | -€69,545 | -15.5% |
| Amounts payable after more than one year | 17 | €286,648 | €237,514 | -€49,133 | -17.1% |
| Financial debts | 170/4 | €286,648 | €237,514 | -€49,133 | -17.1% |
| Amounts payable within one year | 42/48 | €161,750 | €141,338 | -€20,411 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €47,801 | €49,133 | +€1,333 | +2.8% |
| Financial debts | 43 | €10,145 | €13,260 | +€3,115 | +30.7% |
| Credit institutions | 430/8 | - | €1,464 | +€1,464 | |
| Other loans | 439 | €10,145 | €11,796 | +€1,651 | +16.3% |
| Trade debts | 44 | €9,002 | €9,246 | +€244 | +2.7% |
| Suppliers | 440/4 | €9,002 | €9,246 | +€244 | +2.7% |
| Taxes, remuneration and social security | 45 | €32,368 | €60,879 | +€28,511 | +88.1% |
| Taxes | 450/3 | €27,473 | €49,115 | +€21,642 | +78.8% |
| Remuneration and social security | 454/9 | €4,895 | €11,764 | +€6,869 | +140.3% |
| Other amounts payable | 47/48 | €62,434 | €8,821 | -€53,613 | -85.9% |
| Non-recurring operating income | 76A | €13,777 | €0 | -€13,777 | -100.0% |
| Remuneration, social security and pensions | 62 | €52,074 | €45,821 | -€6,253 | -12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €66,763 | €69,583 | +€2,821 | +4.2% |
| Other operating charges | 640/8 | €3,113 | €2,619 | -€494 | -15.9% |
| Gross operating margin | 9900 | €281,837 | €319,245 | +€37,408 | +13.3% |
| Operating profit (loss) | 9901 | €159,888 | €201,221 | +€41,334 | +25.9% |
| Financial income | 75/76B | €2,073 | €1,641 | -€432 | -20.8% |
| Recurring financial income | 75 | €2,073 | €1,641 | -€432 | -20.8% |
| Financial charges | 65/66B | €5,962 | €11,302 | +€5,340 | +89.6% |
| Recurring financial charges | 65 | €5,962 | €11,302 | +€5,340 | +89.6% |
| Profit (loss) for the period before taxes | 9903 | €155,999 | €191,560 | +€35,561 | +22.8% |
| Income taxes | 67/77 | €44,867 | €57,482 | +€12,615 | +28.1% |
| Profit (loss) for the period | 9904 | €111,131 | €134,078 | +€22,947 | +20.6% |
| Profit (loss) for the period to be appropriated | 9905 | €111,131 | €134,078 | +€22,947 | +20.6% |
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 8 October 2026 via checked.be.