ORTHO FARHAT: 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 FARHAT
Largest movements
- Receivables within one year +€123,460
up €123,460 (+690%), from €17,901 to €141,362
of which Trade receivables: +€81,859
- Cash +€69,007
up €69,007 (+138%), from €49,907 to €118,914
mainly Net result for the year (+€197,613) and Debts after one year (+€37,840)
- Tangible fixed assets +€49,945
new in 2025: €49,945
of which Furniture and vehicles: +€47,918
- Reserves +€197,613
up €197,613 (+351%), from €56,300 to €253,913
- Debts after one year +€37,840
new in 2025: €37,840
- Current portion of long-term debt +€10,222
new in 2025: €10,222
- Tax, wage and social debts -€3,438
down €3,438 (-65.6%), from €5,239 to €1,801
of which Taxes: -€3,438
- Turnover +€237,087
up €237,087 (+163%), from €145,796 to €382,883
- Gross operating margin +€216,077
up €216,077 (+278%), from €77,811 to €293,888
- Taxes +€65,212
up €65,212 (+303%), from €21,489 to €86,701
- Purchases and services +€24,387
up €24,387 (+35.7%), from €68,237 to €92,624
- Depreciation +€7,933
new in 2025: €7,933
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 | €67,808 | €310,275 | +€242,467 | +358% |
| Fixed assets | 21/28 | - | €49,945 | +€49,945 | |
| Tangible fixed assets | 22/27 | - | €49,945 | +€49,945 | |
| Furniture and vehicles | 24 | - | €47,918 | +€47,918 | |
| Other tangible fixed assets | 26 | - | €2,027 | +€2,027 | |
| Current assets | 29/58 | €67,808 | €260,330 | +€192,522 | +284% |
| Amounts receivable within one year | 40/41 | €17,901 | €141,362 | +€123,460 | +690% |
| Trade receivables | 40 | €17,295 | €99,154 | +€81,859 | +473% |
| Other amounts receivable | 41 | €606 | €42,208 | +€41,602 | +6,863% |
| Cash at bank and in hand | 54/58 | €49,907 | €118,914 | +€69,007 | +138% |
| Deferred charges and accrued income | 490/1 | - | €54 | +€54 | |
| Total equity and liabilities | 10/49 | €67,808 | €310,275 | +€242,467 | +358% |
| Equity | 10/15 | €61,300 | €258,913 | +€197,613 | +322% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €56,300 | €253,913 | +€197,613 | +351% |
| Distributable reserves | 133 | €56,300 | €253,913 | +€197,613 | +351% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €6,508 | €51,362 | +€44,854 | +689% |
| Amounts payable after more than one year | 17 | - | €37,840 | +€37,840 | |
| Financial debts | 170/4 | - | €37,840 | +€37,840 | |
| Amounts payable within one year | 42/48 | €6,508 | €13,522 | +€7,014 | +108% |
| Current portion of amounts payable after more than one year | 42 | - | €10,222 | +€10,222 | |
| Trade debts | 44 | €1,269 | €1,500 | +€231 | +18.2% |
| Suppliers | 440/4 | €1,269 | €1,500 | +€231 | +18.2% |
| Taxes, remuneration and social security | 45 | €5,239 | €1,801 | -€3,438 | -65.6% |
| Taxes | 450/3 | €5,239 | €1,801 | -€3,438 | -65.6% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | - | €0 | = | |
| Turnover | 70 | €145,796 | €382,883 | +€237,087 | +163% |
| Goods, raw materials, services and sundry goods | 60/61 | €68,237 | €92,624 | +€24,387 | +35.7% |
| Remuneration, social security and pensions | 62 | - | €0 | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,933 | +€7,933 | |
| Other operating charges | 640/8 | €12 | €325 | +€313 | +2,587% |
| Gross operating margin | 9900 | €77,811 | €293,888 | +€216,077 | +278% |
| Operating profit (loss) | 9901 | €77,799 | €285,630 | +€207,831 | +267% |
| Financial income | 75/76B | €1 | €7 | +€6 | +610% |
| Recurring financial income | 75 | €1 | €7 | +€6 | +610% |
| Financial charges | 65/66B | €11 | €1,323 | +€1,312 | +11,913% |
| Recurring financial charges | 65 | €11 | €1,323 | +€1,312 | +11,913% |
| Profit (loss) for the period before taxes | 9903 | €77,789 | €284,314 | +€206,525 | +265% |
| Income taxes | 67/77 | €21,489 | €86,701 | +€65,212 | +303% |
| Profit (loss) for the period | 9904 | €56,300 | €197,613 | +€141,314 | +251% |
| Profit (loss) for the period to be appropriated | 9905 | €56,300 | €197,613 | +€141,314 | +251% |
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 14 October 2026 via checked.be.