ORTHO MG: 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 MG
Largest movements
- Cash +€332,603
up €332,603 (+172%), from €193,773 to €526,376
mainly Current investments (+€250,000) and Net result for the year (+€44,566)
- Current investments -€250,000
down €250,000 (-100%), from €250,000 to €0
- Tangible fixed assets -€37,235
down €37,235 (-20.0%), from €186,474 to €149,239
of which Furniture and vehicles: -€34,063
- Receivables within one year +€8,573
up €8,573 (+2,293%), from €374 to €8,947
of which Other amounts receivable: +€8,326
- Reserves +€44,566
up €44,566 (+12.8%), from €347,614 to €392,180
of which Distributable reserves: +€44,566
- Other debts +€20,813
up €20,813 (+15.6%), from €133,571 to €154,383
- Tax, wage and social debts -€7,459
down €7,459 (-62.1%), from €12,016 to €4,557
- Gross operating margin -€28,489
down €28,489 (-23.4%), from €121,495 to €93,007
- Financial income +€11,508
up €11,508 (+736%), from €1,563 to €13,072
- Depreciation +€8,995
up €8,995 (+31.9%), from €28,240 to €37,235
- Taxes -€7,043
down €7,043 (-23.4%), from €30,095 to €23,052
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 | €632,170 | €687,042 | +€54,872 | +8.7% |
| Fixed assets | 21/28 | €186,474 | €149,239 | -€37,235 | -20.0% |
| Tangible fixed assets | 22/27 | €186,474 | €149,239 | -€37,235 | -20.0% |
| Land and buildings | 22 | €13,168 | €11,350 | -€1,817 | -13.8% |
| Plant, machinery and equipment | 23 | €40 | €0 | -€40 | -100% |
| Furniture and vehicles | 24 | €163,915 | €129,853 | -€34,063 | -20.8% |
| Other tangible fixed assets | 26 | €9,351 | €8,036 | -€1,314 | -14.1% |
| Current assets | 29/58 | €445,696 | €537,802 | +€92,106 | +20.7% |
| Amounts receivable within one year | 40/41 | €374 | €8,947 | +€8,573 | +2,293% |
| Trade receivables | 40 | - | €247 | +€247 | |
| Other amounts receivable | 41 | €374 | €8,700 | +€8,326 | +2,227% |
| Current investments | 50/53 | €250,000 | €0 | -€250,000 | -100% |
| Cash at bank and in hand | 54/58 | €193,773 | €526,376 | +€332,603 | +172% |
| Deferred charges and accrued income | 490/1 | €1,549 | €2,480 | +€930 | +60.0% |
| Total equity and liabilities | 10/49 | €632,170 | €687,042 | +€54,872 | +8.7% |
| Equity | 10/15 | €447,426 | €491,991 | +€44,566 | +10.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €347,614 | €392,180 | +€44,566 | +12.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €347,614 | €392,180 | +€44,566 | +12.8% |
| Profit (loss) carried forward | 14 | €87,411 | €87,411 | = | 0.0% |
| Amounts payable | 17/49 | €184,745 | €195,050 | +€10,306 | +5.6% |
| Amounts payable within one year | 42/48 | €146,582 | €160,050 | +€13,469 | +9.2% |
| Trade debts | 44 | €995 | €1,111 | +€115 | +11.6% |
| Suppliers | 440/4 | €995 | €1,111 | +€115 | +11.6% |
| Taxes, remuneration and social security | 45 | €12,016 | €4,557 | -€7,459 | -62.1% |
| Taxes | 450/3 | €12,016 | €4,557 | -€7,459 | -62.1% |
| Other amounts payable | 47/48 | €133,571 | €154,383 | +€20,813 | +15.6% |
| Accrued charges and deferred income | 492/3 | €38,163 | €35,000 | -€3,163 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,240 | €37,235 | +€8,995 | +31.9% |
| Other operating charges | 640/8 | €1,314 | €1,144 | -€169 | -12.9% |
| Gross operating margin | 9900 | €121,495 | €93,007 | -€28,489 | -23.4% |
| Operating profit (loss) | 9901 | €91,941 | €54,627 | -€37,314 | -40.6% |
| Financial income | 75/76B | €1,563 | €13,072 | +€11,508 | +736% |
| Recurring financial income | 75 | €1,563 | €13,072 | +€11,508 | +736% |
| Financial charges | 65/66B | €103 | €81 | -€22 | -21.3% |
| Recurring financial charges | 65 | €103 | €81 | -€22 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €93,401 | €67,618 | -€25,783 | -27.6% |
| Income taxes | 67/77 | €30,095 | €23,052 | -€7,043 | -23.4% |
| Profit (loss) for the period | 9904 | €63,306 | €44,566 | -€18,741 | -29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €63,306 | €44,566 | -€18,741 | -29.6% |
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 19 October 2026 via checked.be.