ORTHO GRIGNARD: 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.
What changed
ORTHO GRIGNARD
NACE 86.230, Dental practice
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€160,557
2024 · €154,768+€5,789
Equity
€497,244
2024 · €336,687+€160,557
Cash
€349,084
2024 · €207,335+€141,748
Balance sheet total
€557,697
2024 · €394,470+€163,227
Largest movements
Assets
- Cash +€141,748
up €141,748 (+68.4%), from €207,335 to €349,084
mainly Net result for the year (+€160,557) and Depreciation (+€18,481)
- Tangible fixed assets +€9,151
up €9,151 (+26.9%), from €33,982 to €43,133
of which Furniture and vehicles: +€8,616
- Receivables within one year +€8,117
up €8,117 (+13.8%), from €58,799 to €66,915
Equity and liabilities
- Reserves +€160,557
up €160,557 (+48.7%), from €329,462 to €490,019
of which Distributable reserves: +€160,557
Income statement
- Purchases and services -€59,898
down €59,898 (-7.2%), from €826,398 to €766,500
- Turnover -€38,807
down €38,807 (-3.3%), from €1.2m to €1.1m
- Gross operating margin +€16,083
up €16,083 (+4.6%), from €352,040 to €368,122
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.
Result 2024
€154,768
Gross operating margin
+€16,083
Staff costs
-€9,294
Depreciation
-€2,990
Write-downs
-€1,405
Other operating charges
-€1,024
Financial income
-€579
Financial charges
+€3,189
Taxes
+€3,210
Deferred taxes and other
-€1,400
Result 2025
€160,557
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€169,380
Investment
-€27,632
Financing
€0
Cash 2024
€207,335
From operations (derived)
+€169,380
Net result for the year
+€160,557
Depreciation
+€18,481
Receivables within one year
-€8,117
Deferred charges and accrued income
-€4,211
Trade debts
-€3,379
Tax, wage and social debts
+€4,630
Other debts
+€1,419
Investment (derived)
-€27,632
Investment in fixed assets (net)
-€27,632
Cash 2025
€349,084
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €394,470 | €557,697 | +€163,227 | +41.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €34,155 | €43,307 | +€9,151 | +26.8% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €33,982 | €43,133 | +€9,151 | +26.9% |
| Plant, machinery and equipment | 23 | €3,423 | €3,959 | +€536 | +15.6% |
| Furniture and vehicles | 24 | €30,559 | €39,175 | +€8,616 | +28.2% |
| Financial fixed assets | 28 | €174 | €174 | = | 0.0% |
| Current assets | 29/58 | €360,315 | €514,390 | +€154,075 | +42.8% |
| Amounts receivable within one year | 40/41 | €58,799 | €66,915 | +€8,117 | +13.8% |
| Trade receivables | 40 | €58,799 | €66,915 | +€8,117 | +13.8% |
| Current investments | 50/53 | €87,805 | €87,805 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €207,335 | €349,084 | +€141,748 | +68.4% |
| Deferred charges and accrued income | 490/1 | €6,375 | €10,586 | +€4,211 | +66.0% |
| Total equity and liabilities | 10/49 | €394,470 | €557,697 | +€163,227 | +41.4% |
| Equity | 10/15 | €336,687 | €497,244 | +€160,557 | +47.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €329,462 | €490,019 | +€160,557 | +48.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €327,602 | €488,159 | +€160,557 | +49.0% |
| Profit (loss) carried forward | 14 | €1,025 | €1,025 | +€0 | 0.0% |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €57,784 | €60,453 | +€2,669 | +4.6% |
| Amounts payable within one year | 42/48 | €57,784 | €60,453 | +€2,669 | +4.6% |
| Trade debts | 44 | €13,181 | €9,802 | -€3,379 | -25.6% |
| Suppliers | 440/4 | €13,181 | €9,802 | -€3,379 | -25.6% |
| Taxes, remuneration and social security | 45 | €41,578 | €46,208 | +€4,630 | +11.1% |
| Taxes | 450/3 | €23,285 | €24,619 | +€1,335 | +5.7% |
| Remuneration and social security | 454/9 | €18,294 | €21,589 | +€3,295 | +18.0% |
| Other amounts payable | 47/48 | €3,024 | €4,443 | +€1,419 | +46.9% |
| Turnover | 70 | €1,169,954 | €1,131,147 | -€38,807 | -3.3% |
| Non-recurring operating income | 76A | €28 | - | -€28 | |
| Goods, raw materials, services and sundry goods | 60/61 | €826,398 | €766,500 | -€59,898 | -7.2% |
| Remuneration, social security and pensions | 62 | €106,751 | €116,044 | +€9,294 | +8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,491 | €18,481 | +€2,990 | +19.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €4,035 | €5,440 | +€1,405 | +34.8% |
| Other operating charges | 640/8 | €528 | €1,552 | +€1,024 | +194% |
| Gross operating margin | 9900 | €352,040 | €368,122 | +€16,083 | +4.6% |
| Operating profit (loss) | 9901 | €225,235 | €226,606 | +€1,370 | +0.6% |
| Financial income | 75/76B | €5,704 | €5,125 | -€579 | -10.2% |
| Recurring financial income | 75 | €5,704 | €5,125 | -€579 | -10.2% |
| Financial charges | 65/66B | €3,655 | €466 | -€3,189 | -87.2% |
| Recurring financial charges | 65 | €3,655 | €466 | -€3,189 | -87.2% |
| Profit (loss) for the period before taxes | 9903 | €227,284 | €231,264 | +€3,980 | +1.8% |
| Transfer from deferred taxes | 780 | €1,400 | - | -€1,400 | |
| Income taxes | 67/77 | €73,916 | €70,706 | -€3,210 | -4.3% |
| Profit (loss) for the period | 9904 | €154,768 | €160,557 | +€5,789 | +3.7% |
| Transfer from tax-exempt reserves | 789 | €5,600 | - | -€5,600 | |
| Profit (loss) for the period to be appropriated | 9905 | €160,368 | €160,557 | +€189 | +0.1% |
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 28 October 2026 via checked.be.