ORTHO HAMOIR: what changed
ORTHO HAMOIR
Largest movements
- Cash -€983,482
down €983,482 (-69.6%), from €1.4m to €429,281
mainly Current investments (-€700,000) and Other debts (-€474,044)
- Current investments +€700,000
new in 2025: €700,000
- Receivables after one year -€260,000
no longer reported in 2025 (was €260,000)
- Other debts -€474,044
down €474,044 (-89.6%), from €529,011 to €54,967
- Accrued charges and deferred income -€23,272
down €23,272 (-86.3%), from €26,970 to €3,698
- Reserves -€22,286
down €22,286 (-2.1%), from €1.1m to €1.1m
of which Distributable reserves: -€22,286
- Tax, wage and social debts -€21,281
down €21,281 (-52.4%), from €40,593 to €19,312
- Gross operating margin -€155,267
down €155,267 (-81.7%), from €190,037 to €34,770
- Taxes -€43,389
down €43,389 (-71.8%), from €60,393 to €17,004
- Financial charges -€23,262
down €23,262 (-84.8%), from €27,417 to €4,155
- Financial income -€5,141
down €5,141 (-18.4%), from €27,876 to €22,735
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,702,663 | €1,162,324 | -€540,339 | -31.7% |
| Fixed assets | 21/28 | €1,499 | €728 | -€771 | -51.5% |
| Tangible fixed assets | 22/27 | €1,499 | €728 | -€771 | -51.5% |
| Plant, machinery and equipment | 23 | €1,499 | €728 | -€771 | -51.5% |
| Current assets | 29/58 | €1,701,164 | €1,161,597 | -€539,567 | -31.7% |
| Amounts receivable after more than one year | 29 | €260,000 | - | -€260,000 | |
| Trade receivables | 290 | €260,000 | - | -€260,000 | |
| Amounts receivable within one year | 40/41 | €26,472 | €30,174 | +€3,702 | +14.0% |
| Other amounts receivable | 41 | €26,472 | €30,174 | +€3,702 | +14.0% |
| Current investments | 50/53 | - | €700,000 | +€700,000 | |
| Cash at bank and in hand | 54/58 | €1,412,763 | €429,281 | -€983,482 | -69.6% |
| Deferred charges and accrued income | 490/1 | €1,929 | €2,142 | +€213 | +11.0% |
| Total equity and liabilities | 10/49 | €1,702,663 | €1,162,324 | -€540,339 | -31.7% |
| Equity | 10/15 | €1,104,888 | €1,082,602 | -€22,286 | -2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,086,288 | €1,064,002 | -€22,286 | -2.1% |
| Tax-exempt reserves | 132 | €3,819 | €3,819 | = | 0.0% |
| Distributable reserves | 133 | €1,082,469 | €1,060,183 | -€22,286 | -2.1% |
| Amounts payable | 17/49 | €597,775 | €79,722 | -€518,053 | -86.7% |
| Amounts payable within one year | 42/48 | €570,805 | €76,024 | -€494,781 | -86.7% |
| Trade debts | 44 | €1,201 | €1,745 | +€544 | +45.3% |
| Suppliers | 440/4 | €1,201 | €1,745 | +€544 | +45.3% |
| Taxes, remuneration and social security | 45 | €40,593 | €19,312 | -€21,281 | -52.4% |
| Taxes | 450/3 | €40,593 | €19,312 | -€21,281 | -52.4% |
| Other amounts payable | 47/48 | €529,011 | €54,967 | -€474,044 | -89.6% |
| Accrued charges and deferred income | 492/3 | €26,970 | €3,698 | -€23,272 | -86.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,484 | €771 | -€712 | -48.0% |
| Gross operating margin | 9900 | €190,037 | €34,770 | -€155,267 | -81.7% |
| Operating profit (loss) | 9901 | €188,554 | €33,998 | -€154,555 | -82.0% |
| Financial income | 75/76B | €27,876 | €22,735 | -€5,141 | -18.4% |
| Recurring financial income | 75 | €27,876 | €22,735 | -€5,141 | -18.4% |
| Financial charges | 65/66B | €27,417 | €4,155 | -€23,262 | -84.8% |
| Recurring financial charges | 65 | €27,417 | €4,155 | -€23,262 | -84.8% |
| Profit (loss) for the period before taxes | 9903 | €189,012 | €52,578 | -€136,434 | -72.2% |
| Income taxes | 67/77 | €60,393 | €17,004 | -€43,389 | -71.8% |
| Profit (loss) for the period | 9904 | €128,619 | €35,574 | -€93,045 | -72.3% |
| Profit (loss) for the period to be appropriated | 9905 | €128,619 | €35,574 | -€93,045 | -72.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.