ORTHO ONE: 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 ONE
Largest movements
- Current investments -€149,864
down €149,864 (-71.3%), from €210,329 to €60,465
- Tangible fixed assets -€41,160
down €41,160 (-17.7%), from €232,806 to €191,646
of which Furniture and vehicles: -€30,408
- Receivables within one year -€33,935
down €33,935 (-79.9%), from €42,487 to €8,552
of which Other amounts receivable: -€30,095
- Deferred charges and accrued income -€26,721
down €26,721 (-71.6%), from €37,311 to €10,590
- Reserves -€150,196
down €150,196 (-37.1%), from €404,420 to €254,224
of which Distributable reserves: -€150,196
- Other debts -€112,000
down €112,000 (-93.9%), from €119,328 to €7,328
- Tax, wage and social debts +€9,010
up €9,010 (+214%), from €4,215 to €13,225
of which Taxes: +€9,010
- Gross operating margin +€33,949
up €33,949 (+24.9%), from €136,251 to €170,200
- Turnover +€32,351
up €32,351 (+8.6%), from €378,338 to €410,689
- Taxes +€8,774
up €8,774 (+34.9%), from €25,158 to €33,932
- Depreciation +€5,922
up €5,922 (+10.1%), from €58,793 to €64,715
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 | €543,562 | €291,989 | -€251,573 | -46.3% |
| Fixed assets | 21/28 | €232,926 | €191,766 | -€41,160 | -17.7% |
| Tangible fixed assets | 22/27 | €232,806 | €191,646 | -€41,160 | -17.7% |
| Plant, machinery and equipment | 23 | €97,235 | €86,483 | -€10,752 | -11.1% |
| Furniture and vehicles | 24 | €135,571 | €105,163 | -€30,408 | -22.4% |
| Financial fixed assets | 28 | €120 | €120 | = | 0.0% |
| Current assets | 29/58 | €310,636 | €100,222 | -€210,414 | -67.7% |
| Amounts receivable within one year | 40/41 | €42,487 | €8,552 | -€33,935 | -79.9% |
| Trade receivables | 40 | €4,250 | €410 | -€3,840 | -90.4% |
| Other amounts receivable | 41 | €38,237 | €8,142 | -€30,095 | -78.7% |
| Current investments | 50/53 | €210,329 | €60,465 | -€149,864 | -71.3% |
| Cash at bank and in hand | 54/58 | €20,509 | €20,615 | +€106 | +0.5% |
| Deferred charges and accrued income | 490/1 | €37,311 | €10,590 | -€26,721 | -71.6% |
| Total equity and liabilities | 10/49 | €543,562 | €291,989 | -€251,573 | -46.3% |
| Equity | 10/15 | €411,398 | €261,202 | -€150,196 | -36.5% |
| 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 | €404,420 | €254,224 | -€150,196 | -37.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €402,560 | €252,364 | -€150,196 | -37.3% |
| Profit (loss) carried forward | 14 | €778 | €778 | +€0 | 0.0% |
| Amounts payable | 17/49 | €132,163 | €30,786 | -€101,377 | -76.7% |
| Amounts payable within one year | 42/48 | €132,163 | €29,661 | -€102,502 | -77.6% |
| Current portion of amounts payable after more than one year | 42 | €6,453 | €6,425 | -€28 | -0.4% |
| Trade debts | 44 | €2,167 | €2,683 | +€516 | +23.8% |
| Suppliers | 440/4 | €2,167 | €2,683 | +€516 | +23.8% |
| Taxes, remuneration and social security | 45 | €4,215 | €13,225 | +€9,010 | +214% |
| Taxes | 450/3 | €4,215 | €13,225 | +€9,010 | +214% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €119,328 | €7,328 | -€112,000 | -93.9% |
| Accrued charges and deferred income | 492/3 | - | €1,125 | +€1,125 | |
| Turnover | 70 | €378,338 | €410,689 | +€32,351 | +8.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €262,082 | €258,464 | -€3,618 | -1.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,793 | €64,715 | +€5,922 | +10.1% |
| Other operating charges | 640/8 | €2,983 | €4,470 | +€1,487 | +49.9% |
| Non-recurring operating charges | 66A | - | €157 | +€157 | |
| Gross operating margin | 9900 | €136,251 | €170,200 | +€33,949 | +24.9% |
| Operating profit (loss) | 9901 | €74,475 | €100,858 | +€26,383 | +35.4% |
| Financial income | 75/76B | €369 | €1,624 | +€1,255 | +340% |
| Recurring financial income | 75 | €369 | €1,624 | +€1,255 | +340% |
| Financial charges | 65/66B | €2,820 | €1,546 | -€1,274 | -45.2% |
| Recurring financial charges | 65 | €2,820 | €1,546 | -€1,274 | -45.2% |
| Profit (loss) for the period before taxes | 9903 | €72,024 | €100,936 | +€28,912 | +40.1% |
| Income taxes | 67/77 | €25,158 | €33,932 | +€8,774 | +34.9% |
| Profit (loss) for the period | 9904 | €46,866 | €67,004 | +€20,138 | +43.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,866 | €67,004 | +€20,138 | +43.0% |
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 16 October 2026 via checked.be.