ORTHO HOLDING: 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 HOLDING
Largest movements
- Receivables within one year +€167,757
up €167,757 (+23.0%), from €730,408 to €898,165
- Receivables after one year -€100,000
down €100,000 (-50.0%), from €200,000 to €100,000
- Tangible fixed assets -€52,836
down €52,836 (-9.2%), from €574,205 to €521,369
- Cash -€28,620
down €28,620 (-100.0%), from €28,622 to €3
mainly Receivables within one year (-€167,757) and Debts after one year (-€47,930)
- Debts after one year -€47,930
down €47,930 (-11.5%), from €418,444 to €370,514
- Profit (loss) carried forward +€30,372
up €30,372 (+2.3%), from €1.3m to €1.4m
- Financial income +€35,553
up €35,553 (+285.4%), from €12,456 to €48,009
- Gross operating margin +€19,974
up €19,974 (+68.5%), from €29,146 to €49,120
- Other operating charges -€2,484
down €2,484 (-49.2%), from €5,054 to €2,570
- Financial charges -€1,943
down €1,943 (-14.6%), from €13,295 to €11,351
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 | €1,843,230 | €1,829,024 | -€14,206 | -0.8% |
| Fixed assets | 21/28 | €574,205 | €521,369 | -€52,836 | -9.2% |
| Tangible fixed assets | 22/27 | €574,205 | €521,369 | -€52,836 | -9.2% |
| Land and buildings | 22 | €574,205 | €521,369 | -€52,836 | -9.2% |
| Current assets | 29/58 | €1,269,025 | €1,307,655 | +€38,630 | +3.0% |
| Amounts receivable after more than one year | 29 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Other amounts receivable | 291 | €200,000 | €100,000 | -€100,000 | -50.0% |
| Amounts receivable within one year | 40/41 | €730,408 | €898,165 | +€167,757 | +23.0% |
| Other amounts receivable | 41 | €730,408 | €898,165 | +€167,757 | +23.0% |
| Current investments | 50/53 | €306,383 | €309,487 | +€3,104 | +1.0% |
| Cash at bank and in hand | 54/58 | €28,622 | €3 | -€28,620 | -100.0% |
| Deferred charges and accrued income | 490/1 | €3,611 | €0 | -€3,611 | -100.0% |
| Total equity and liabilities | 10/49 | €1,843,230 | €1,829,024 | -€14,206 | -0.8% |
| Equity | 10/15 | €1,360,394 | €1,390,766 | +€30,372 | +2.2% |
| Contributions | 10/11 | €27,157 | €27,157 | = | 0.0% |
| Reserves | 13 | €2,716 | €2,716 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €2,716 | €2,716 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,330,522 | €1,360,894 | +€30,372 | +2.3% |
| Amounts payable | 17/49 | €482,835 | €438,258 | -€44,577 | -9.2% |
| Amounts payable after more than one year | 17 | €418,444 | €370,514 | -€47,930 | -11.5% |
| Financial debts | 170/4 | €418,444 | €370,514 | -€47,930 | -11.5% |
| Amounts payable within one year | 42/48 | €64,391 | €67,744 | +€3,352 | +5.2% |
| Current portion of amounts payable after more than one year | 42 | €46,983 | €47,930 | +€946 | +2.0% |
| Financial debts | 43 | - | €2,538 | +€2,538 | |
| Credit institutions | 430/8 | - | €2,538 | +€2,538 | |
| Trade debts | 44 | €463 | €331 | -€132 | -28.5% |
| Suppliers | 440/4 | €463 | €331 | -€132 | -28.5% |
| Other amounts payable | 47/48 | €16,946 | €16,946 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,836 | €52,836 | = | 0.0% |
| Other operating charges | 640/8 | €5,054 | €2,570 | -€2,484 | -49.2% |
| Gross operating margin | 9900 | €29,146 | €49,120 | +€19,974 | +68.5% |
| Operating profit (loss) | 9901 | -€28,744 | -€6,286 | +€22,458 | +78.1% |
| Financial income | 75/76B | €12,456 | €48,009 | +€35,553 | +285.4% |
| Recurring financial income | 75 | €12,456 | €48,009 | +€35,553 | +285.4% |
| Financial charges | 65/66B | €13,295 | €11,351 | -€1,943 | -14.6% |
| Recurring financial charges | 65 | €13,295 | €11,351 | -€1,943 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | -€29,582 | €30,372 | +€59,954 | |
| Profit (loss) for the period | 9904 | -€29,582 | €30,372 | +€59,954 | |
| Profit (loss) for the period to be appropriated | 9905 | -€29,582 | €30,372 | +€59,954 |
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 5 October 2026 via checked.be.