ORTHO FD: 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 FD
Largest movements
- Current investments +€134,028
new in 2025: €134,028
- Cash -€126,167
down €126,167 (-73.4%), from €171,823 to €45,656
mainly Contributions, distributions and other (-€243,523) and Current investments (-€134,028)
- Receivables within one year -€19,595
down €19,595 (-41.0%), from €47,784 to €28,190
of which Other amounts receivable: -€14,322
- Tangible fixed assets -€7,715
down €7,715 (-2.5%), from €312,590 to €304,875
of which Land and buildings: -€7,544
- Debts after one year -€23,123
down €23,123 (-8.4%), from €275,715 to €252,592
- Other debts +€21,348
up €21,348 (+10.7%), from €198,703 to €220,051
- Reserves -€20,148
down €20,148 (-100%), from €20,148 to €0
- Gross operating margin -€16,942
down €16,942 (-4.7%), from €361,098 to €344,156
- Staff costs +€10,018
up €10,018 (+50.7%), from €19,767 to €29,784
- Taxes -€6,546
down €6,546 (-8.6%), from €75,971 to €69,425
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 | €533,735 | €514,779 | -€18,956 | -3.6% |
| Fixed assets | 21/28 | €312,590 | €304,875 | -€7,715 | -2.5% |
| Tangible fixed assets | 22/27 | €312,590 | €304,875 | -€7,715 | -2.5% |
| Land and buildings | 22 | €309,956 | €302,412 | -€7,544 | -2.4% |
| Furniture and vehicles | 24 | €2,634 | €2,463 | -€171 | -6.5% |
| Current assets | 29/58 | €221,145 | €209,904 | -€11,241 | -5.1% |
| Amounts receivable within one year | 40/41 | €47,784 | €28,190 | -€19,595 | -41.0% |
| Trade receivables | 40 | €31,121 | €25,848 | -€5,273 | -16.9% |
| Other amounts receivable | 41 | €16,663 | €2,342 | -€14,322 | -85.9% |
| Current investments | 50/53 | - | €134,028 | +€134,028 | |
| Cash at bank and in hand | 54/58 | €171,823 | €45,656 | -€126,167 | -73.4% |
| Deferred charges and accrued income | 490/1 | €1,538 | €2,030 | +€492 | +32.0% |
| Total equity and liabilities | 10/49 | €533,735 | €514,779 | -€18,956 | -3.6% |
| Equity | 10/15 | €25,148 | €5,000 | -€20,148 | -80.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,148 | €0 | -€20,148 | -100% |
| Distributable reserves | 133 | €20,148 | €0 | -€20,148 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €508,587 | €509,779 | +€1,192 | +0.2% |
| Amounts payable after more than one year | 17 | €275,715 | €252,592 | -€23,123 | -8.4% |
| Financial debts | 170/4 | €275,715 | €252,592 | -€23,123 | -8.4% |
| Amounts payable within one year | 42/48 | €231,654 | €257,187 | +€25,533 | +11.0% |
| Current portion of amounts payable after more than one year | 42 | €22,311 | €23,123 | +€812 | +3.6% |
| Trade debts | 44 | €129 | €662 | +€533 | +414% |
| Suppliers | 440/4 | €129 | €662 | +€533 | +414% |
| Taxes, remuneration and social security | 45 | €10,511 | €13,351 | +€2,840 | +27.0% |
| Taxes | 450/3 | €3,167 | €5,792 | +€2,625 | +82.9% |
| Remuneration and social security | 454/9 | €7,343 | €7,558 | +€215 | +2.9% |
| Other amounts payable | 47/48 | €198,703 | €220,051 | +€21,348 | +10.7% |
| Accrued charges and deferred income | 492/3 | €1,218 | €0 | -€1,218 | -100% |
| Remuneration, social security and pensions | 62 | €19,767 | €29,784 | +€10,018 | +50.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,544 | €8,664 | +€120 | +1.4% |
| Other operating charges | 640/8 | €2,635 | €2,750 | +€115 | +4.4% |
| Non-recurring operating charges | 66A | - | €21 | +€21 | |
| Gross operating margin | 9900 | €361,098 | €344,156 | -€16,942 | -4.7% |
| Operating profit (loss) | 9901 | €330,152 | €302,937 | -€27,215 | -8.2% |
| Financial income | 75/76B | €2,126 | €346 | -€1,780 | -83.7% |
| Recurring financial income | 75 | €2,126 | €346 | -€1,780 | -83.7% |
| Financial charges | 65/66B | €12,057 | €10,483 | -€1,575 | -13.1% |
| Recurring financial charges | 65 | €12,057 | €10,483 | -€1,575 | -13.1% |
| Profit (loss) for the period before taxes | 9903 | €320,221 | €292,801 | -€27,420 | -8.6% |
| Income taxes | 67/77 | €75,971 | €69,425 | -€6,546 | -8.6% |
| Profit (loss) for the period | 9904 | €244,250 | €223,375 | -€20,874 | -8.5% |
| Profit (loss) for the period to be appropriated | 9905 | €244,250 | €223,375 | -€20,874 | -8.5% |
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 29 October 2026 via checked.be.