Ortho-Dynamics: 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-Dynamics
Largest movements
- Receivables within one year +€216,388
up €216,388 (+248.3%), from €87,147 to €303,535
of which Other amounts receivable: +€128,405
- Tangible fixed assets -€38,750
down €38,750 (-18.5%), from €208,920 to €170,170
- Stocks and contracts -€18,593
down €18,593 (-38.5%), from €48,343 to €29,750
- Cash -€12,546
down €12,546 (-27.9%), from €44,937 to €32,391
mainly Receivables within one year (-€216,388) and Debts after one year (-€60,930)
- Trade debts +€182,478
up €182,478 (+141.8%), from €128,719 to €311,198
- Debts after one year -€60,930
down €60,930 (-33.4%), from €182,414 to €121,484
- Current portion of long-term debt +€10,760
up €10,760 (+20.3%), from €52,948 to €63,708
- Profit (loss) carried forward +€6,008
up €6,008 (+68.6%), from -€8,762 to -€2,755
- Other debts +€5,965
up €5,965 (+42.6%), from €14,004 to €19,969
- Gross operating margin -€8,694
down €8,694 (-4.5%), from €194,203 to €185,509
- Taxes +€3,989
new in 2025: €3,989
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 | €396,792 | €545,935 | +€149,143 | +37.6% |
| Fixed assets | 21/28 | €215,806 | €174,820 | -€40,986 | -19.0% |
| Intangible fixed assets | 21 | €586 | €0 | -€586 | -100.0% |
| Tangible fixed assets | 22/27 | €208,920 | €170,170 | -€38,750 | -18.5% |
| Plant, machinery and equipment | 23 | €63,382 | €48,829 | -€14,553 | -23.0% |
| Furniture and vehicles | 24 | €34,622 | €24,259 | -€10,363 | -29.9% |
| Other tangible fixed assets | 26 | €110,915 | €97,082 | -€13,833 | -12.5% |
| Financial fixed assets | 28 | €6,300 | €4,650 | -€1,650 | -26.2% |
| Current assets | 29/58 | €180,986 | €371,115 | +€190,129 | +105.1% |
| Stocks and contracts in progress | 3 | €48,343 | €29,750 | -€18,593 | -38.5% |
| Stocks | 30/36 | €48,343 | €29,750 | -€18,593 | -38.5% |
| Amounts receivable within one year | 40/41 | €87,147 | €303,535 | +€216,388 | +248.3% |
| Trade receivables | 40 | €87,147 | €175,130 | +€87,983 | +101.0% |
| Other amounts receivable | 41 | €0 | €128,405 | +€128,405 | |
| Cash at bank and in hand | 54/58 | €44,937 | €32,391 | -€12,546 | -27.9% |
| Deferred charges and accrued income | 490/1 | €559 | €5,439 | +€4,880 | +873.1% |
| Total equity and liabilities | 10/49 | €396,792 | €545,935 | +€149,143 | +37.6% |
| Equity | 10/15 | €238 | €6,245 | +€6,008 | +2528.2% |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,762 | -€2,755 | +€6,008 | +68.6% |
| Amounts payable | 17/49 | €396,554 | €539,690 | +€143,136 | +36.1% |
| Amounts payable after more than one year | 17 | €182,414 | €121,484 | -€60,930 | -33.4% |
| Financial debts | 170/4 | €182,414 | €121,484 | -€60,930 | -33.4% |
| Amounts payable within one year | 42/48 | €214,140 | €417,021 | +€202,881 | +94.7% |
| Current portion of amounts payable after more than one year | 42 | €52,948 | €63,708 | +€10,760 | +20.3% |
| Trade debts | 44 | €128,719 | €311,198 | +€182,478 | +141.8% |
| Suppliers | 440/4 | €128,719 | €311,198 | +€182,478 | +141.8% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €18,469 | €22,147 | +€3,678 | +19.9% |
| Taxes | 450/3 | €2,435 | €1,431 | -€1,004 | -41.2% |
| Remuneration and social security | 454/9 | €16,034 | €20,716 | +€4,682 | +29.2% |
| Other amounts payable | 47/48 | €14,004 | €19,969 | +€5,965 | +42.6% |
| Accrued charges and deferred income | 492/3 | €0 | €1,185 | +€1,185 | |
| Remuneration, social security and pensions | 62 | €128,147 | €126,351 | -€1,796 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,242 | €38,137 | -€105 | -0.3% |
| Other operating charges | 640/8 | €2,630 | €2,621 | -€9 | -0.3% |
| Non-recurring operating charges | 66A | €9,760 | €0 | -€9,760 | -100.0% |
| Gross operating margin | 9900 | €194,203 | €185,509 | -€8,694 | -4.5% |
| Operating profit (loss) | 9901 | €15,425 | €18,400 | +€2,975 | +19.3% |
| Financial income | 75/76B | €312 | €413 | +€101 | +32.3% |
| Recurring financial income | 75 | €312 | €413 | +€101 | +32.3% |
| Financial charges | 65/66B | €10,665 | €8,816 | -€1,849 | -17.3% |
| Recurring financial charges | 65 | €10,665 | €8,816 | -€1,849 | -17.3% |
| Profit (loss) for the period before taxes | 9903 | €5,072 | €9,997 | +€4,924 | +97.1% |
| Income taxes | 67/77 | - | €3,989 | +€3,989 | |
| Profit (loss) for the period | 9904 | €5,072 | €6,008 | +€935 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €5,072 | €6,008 | +€935 | +18.4% |
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 9 October 2026 via checked.be.