ORTHO LATEM: what changed
What changed
ORTHO LATEM
NACE 86.230, Dental practice
filed annual accounts (NBB)
Net result for the year
€220,197
2024 · €201,574+€18,623
Equity
€1.1m
2024 · €987,197+€106,992
Cash
€587,585
2024 · €283,918+€303,668
Balance sheet total
€1.3m
2024 · €1.2m+€136,490
Largest movements
Assets
- Cash +€303,668
up €303,668 (+107%), from €283,918 to €587,585
mainly Net result for the year (+€220,197) and Receivables within one year (+€103,991)
- Receivables within one year -€103,991
down €103,991 (-33.3%), from €311,842 to €207,851
of which Other amounts receivable: -€80,923
- Tangible fixed assets -€64,910
down €64,910 (-11.6%), from €557,469 to €492,558
Equity and liabilities
- Reserves +€106,992
up €106,992 (+11.6%), from €925,197 to €1.0m
- Other debts +€25,846
up €25,846 (+29.6%), from €87,359 to €113,205
- Debts after one year -€25,817
down €25,817 (-41.0%), from €62,942 to €37,125
of which Financial debts: -€20,250
- Tax, wage and social debts +€24,851
up €24,851 (+192%), from €12,912 to €37,763
of which Taxes: +€23,983
Income statement
- Gross operating margin +€30,930
up €30,930 (+6.6%), from €468,425 to €499,354
- Staff costs +€8,171
up €8,171 (+9.9%), from €82,378 to €90,549
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.
Result 2024
€201,574
Gross operating margin
+€30,930
Staff costs
-€8,171
Depreciation
+€3,215
Other operating charges
-€67
Financial income
-€1,968
Financial charges
-€430
Taxes
-€4,886
Result 2025
€220,197
raises the resultlowers the result
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.
From operations
+€465,889
Investment
-€23,199
Financing
-€139,022
Cash 2024
€283,918
From operations (derived)
+€465,889
Net result for the year
+€220,197
Depreciation
+€84,843
Receivables within one year
+€103,991
Deferred charges and accrued income
+€1,543
Trade debts
+€5,162
Tax, wage and social debts
+€24,851
Other debts
+€25,846
Accrued charges and deferred income
-€543
Investment (derived)
-€23,199
Investment in fixed assets (net)
-€23,199
Financing
-€139,022
Debts after one year
-€25,817
Contributions, distributions and other
-€113,205
Cash 2025
€587,585
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,210,922 | €1,347,413 | +€136,490 | +11.3% |
| Fixed assets | 21/28 | €599,876 | €538,232 | -€61,644 | -10.3% |
| Tangible fixed assets | 22/27 | €557,469 | €492,558 | -€64,910 | -11.6% |
| Land and buildings | 22 | €352,591 | €327,092 | -€25,500 | -7.2% |
| Plant, machinery and equipment | 23 | €37,037 | €24,232 | -€12,805 | -34.6% |
| Furniture and vehicles | 24 | €167,840 | €141,234 | -€26,605 | -15.9% |
| Financial fixed assets | 28 | €42,408 | €45,674 | +€3,266 | +7.7% |
| Current assets | 29/58 | €611,046 | €809,181 | +€198,135 | +32.4% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €311,842 | €207,851 | -€103,991 | -33.3% |
| Trade receivables | 40 | €56,786 | €33,719 | -€23,067 | -40.6% |
| Other amounts receivable | 41 | €255,056 | €174,133 | -€80,923 | -31.7% |
| Cash at bank and in hand | 54/58 | €283,918 | €587,585 | +€303,668 | +107% |
| Deferred charges and accrued income | 490/1 | €15,287 | €13,744 | -€1,543 | -10.1% |
| Total equity and liabilities | 10/49 | €1,210,922 | €1,347,413 | +€136,490 | +11.3% |
| Equity | 10/15 | €987,197 | €1,094,190 | +€106,992 | +10.8% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €925,197 | €1,032,190 | +€106,992 | +11.6% |
| Distributable reserves | 133 | €925,197 | €1,032,190 | +€106,992 | +11.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €223,725 | €253,223 | +€29,498 | +13.2% |
| Amounts payable after more than one year | 17 | €62,942 | €37,125 | -€25,817 | -41.0% |
| Financial debts | 170/4 | €57,375 | €37,125 | -€20,250 | -35.3% |
| Other amounts payable | 178/9 | €5,567 | €0 | -€5,567 | -100% |
| Amounts payable within one year | 42/48 | €157,682 | €213,541 | +€55,858 | +35.4% |
| Current portion of amounts payable after more than one year | 42 | €20,250 | €20,250 | = | 0.0% |
| Trade debts | 44 | €37,162 | €42,323 | +€5,162 | +13.9% |
| Suppliers | 440/4 | €37,162 | €42,323 | +€5,162 | +13.9% |
| Taxes, remuneration and social security | 45 | €12,912 | €37,763 | +€24,851 | +192% |
| Taxes | 450/3 | €3,314 | €27,297 | +€23,983 | +724% |
| Remuneration and social security | 454/9 | €9,598 | €10,466 | +€868 | +9.0% |
| Other amounts payable | 47/48 | €87,359 | €113,205 | +€25,846 | +29.6% |
| Accrued charges and deferred income | 492/3 | €3,100 | €2,557 | -€543 | -17.5% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €82,378 | €90,549 | +€8,171 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,058 | €84,843 | -€3,215 | -3.7% |
| Other operating charges | 640/8 | €5,904 | €5,971 | +€67 | +1.1% |
| Gross operating margin | 9900 | €468,425 | €499,354 | +€30,930 | +6.6% |
| Operating profit (loss) | 9901 | €292,085 | €317,991 | +€25,906 | +8.9% |
| Financial income | 75/76B | €12,501 | €10,534 | -€1,968 | -15.7% |
| Recurring financial income | 75 | €12,501 | €10,534 | -€1,968 | -15.7% |
| Financial charges | 65/66B | €3,886 | €4,316 | +€430 | +11.1% |
| Recurring financial charges | 65 | €3,886 | €4,316 | +€430 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | €300,701 | €324,209 | +€23,508 | +7.8% |
| Income taxes | 67/77 | €99,126 | €104,012 | +€4,886 | +4.9% |
| Profit (loss) for the period | 9904 | €201,574 | €220,197 | +€18,623 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €201,574 | €220,197 | +€18,623 | +9.2% |
Next steps
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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 7 November 2026 via checked.be.