ORTHO PEDES: 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 PEDES
Largest movements
- Receivables within one year -€40,321
down €40,321 (-59.9%), from €67,324 to €27,003
of which Trade receivables: -€39,983
- Cash +€35,351
up €35,351 (+17.3%), from €204,512 to €239,863
mainly Receivables within one year (+€40,321) and Depreciation (+€16,848)
- Tangible fixed assets -€26,413
down €26,413 (-59.2%), from €44,586 to €18,173
of which Furniture and vehicles: -€16,800
- Tax, wage and social debts -€23,458
down €23,458 (-76.9%), from €30,487 to €7,029
of which Taxes: -€27,455
- Profit (loss) carried forward -€12,527
down €12,527 (-16.6%), from €75,364 to €62,837
- Gross operating margin -€88,105
down €88,105 (-91.6%), from €96,152 to €8,047
- Taxes -€25,704
down €25,704 (-97.8%), from €26,290 to €585
- Depreciation -€5,257
down €5,257 (-23.8%), from €22,105 to €16,848
- Other operating charges +€2,213
up €2,213 (+164%), from €1,353 to €3,566
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 | €368,437 | €333,564 | -€34,873 | -9.5% |
| Fixed assets | 21/28 | €92,246 | €65,833 | -€26,413 | -28.6% |
| Tangible fixed assets | 22/27 | €44,586 | €18,173 | -€26,413 | -59.2% |
| Plant, machinery and equipment | 23 | €19,698 | €10,086 | -€9,613 | -48.8% |
| Furniture and vehicles | 24 | €24,888 | €8,087 | -€16,800 | -67.5% |
| Financial fixed assets | 28 | €47,660 | €47,660 | = | 0.0% |
| Current assets | 29/58 | €276,191 | €267,731 | -€8,460 | -3.1% |
| Amounts receivable within one year | 40/41 | €67,324 | €27,003 | -€40,321 | -59.9% |
| Trade receivables | 40 | €66,565 | €26,582 | -€39,983 | -60.1% |
| Other amounts receivable | 41 | €758 | €420 | -€338 | -44.6% |
| Cash at bank and in hand | 54/58 | €204,512 | €239,863 | +€35,351 | +17.3% |
| Deferred charges and accrued income | 490/1 | €4,355 | €866 | -€3,489 | -80.1% |
| Total equity and liabilities | 10/49 | €368,437 | €333,564 | -€34,873 | -9.5% |
| Equity | 10/15 | €319,618 | €307,091 | -€12,527 | -3.9% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €238,057 | €238,057 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €236,198 | €236,198 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,364 | €62,837 | -€12,527 | -16.6% |
| Amounts payable | 17/49 | €48,819 | €26,473 | -€22,346 | -45.8% |
| Amounts payable within one year | 42/48 | €48,819 | €23,973 | -€24,846 | -50.9% |
| Trade debts | 44 | €1,198 | €2,464 | +€1,266 | +106% |
| Suppliers | 440/4 | €1,198 | €2,464 | +€1,266 | +106% |
| Taxes, remuneration and social security | 45 | €30,487 | €7,029 | -€23,458 | -76.9% |
| Taxes | 450/3 | €28,535 | €1,080 | -€27,455 | -96.2% |
| Remuneration and social security | 454/9 | €1,952 | €5,950 | +€3,997 | +205% |
| Other amounts payable | 47/48 | €17,134 | €14,480 | -€2,655 | -15.5% |
| Accrued charges and deferred income | 492/3 | - | €2,500 | +€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,105 | €16,848 | -€5,257 | -23.8% |
| Other operating charges | 640/8 | €1,353 | €3,566 | +€2,213 | +164% |
| Gross operating margin | 9900 | €96,152 | €8,047 | -€88,105 | -91.6% |
| Operating profit (loss) | 9901 | €72,694 | -€12,367 | -€85,061 | |
| Financial income | 75/76B | €807 | €727 | -€79 | -9.8% |
| Recurring financial income | 75 | €807 | €727 | -€79 | -9.8% |
| Financial charges | 65/66B | €500 | €302 | -€197 | -39.5% |
| Recurring financial charges | 65 | €500 | €302 | -€197 | -39.5% |
| Profit (loss) for the period before taxes | 9903 | €73,001 | -€11,942 | -€84,943 | |
| Income taxes | 67/77 | €26,290 | €585 | -€25,704 | -97.8% |
| Profit (loss) for the period | 9904 | €46,711 | -€12,527 | -€59,238 | |
| Profit (loss) for the period to be appropriated | 9905 | €46,711 | -€12,527 | -€59,238 |
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 31 October 2026 via checked.be.